Matter of Money

The German index has reached the upper end of a channel that the massive stock rallye since trump's election has completed. But can it even increase its pace and blow out to the upside of this projection? It Certainly feels once more like the markets are unstoppable with corrective moves ending shallower than California's ground water levels. My fear and ego certainly don't allow me to buy at these levels, so I will observe for weakness in this beast... *All ideas presented here are my personal opinions and not investment advice. Take responsibility for your own investments, risks and trades!

Precious metals investors are not exactly celebrating a merry year end 2017. The dollar strength is heavily weighing on both $XAGUSD and $XAUUSD. Gold might provide a temporary relieve though as the sucker has crashed down to a support. Possibly $XAUUSD can stage a corrective rallye which would carry investors over into 2017 without further damage? Happy holidays and new year's celebrations. Let's make 2017 our best trading year ever! *All ideas presented here are my personal opinions and not investment advice. Take responsibility for your own risks!

This is short and simple. Ouch, what a bearish reversal after the #Brexit vote. Looks to me like and the assumption will be that the bottom of either the blue or red channel is in play as target. * All ideas expressed here are my personal opinions and for entertainment purposes. This is no trading advice. 

$CB ,  Brent Crude Oil: Brent has broken out on a weekly basis, but is running into resistance. I think it's due for a pullback, which might open up a nice opportunity for a bullish trade. $SPX500, S&P 500: On a weekly basis, the S&P is in a shallow downtrend.  Daily, I think it is overstretched to the upside and ready to give back some of the strong recovery rally. So you might as well hedge your long exposure. $AUDNZD: This currency pair has been massively bullish lately. I think it can end up running to above 1.15 and even up to above 1.20 to test the trendlines shown in the charts. Hopefully, a pullback will present an opportunity to jump in on a long trade first. * All you read here is just my opinion and certainly not investment advice.

The bears are in command. But I will be looking for signs of reversal at the lower edges of these two channels which are not too far away anymore.

After weeks of plummeting the #silver spot price is finally showing signs of life. With a higher high and the break of the steep down-trend line I am switching to neutral for the time being on $XAGUSD.

After a week of central bank action the #Dow is unimpressed and presses on in its steep weekly uptrend. Yesterday's plunge after Draghi's lower than expected QE anouncement has been entirely bought up only one day later. #DJIA is trading slightly below resistance, the steep uptrend has to be favored over the bearish trendline. If it pushes through I think new all-time highs are likely coming very soon.

After the massive rallye of over 2000 pips, I am shorting EURNZD for a reaction in direction of the long-term trend. [EURNZD monthly] [EURNZD weekly]

Interesting situation in GBPCAD. Long-term the pair is pointing up, but recent weeks have brought substantial downside pressure. We are now coming into an interesting zone where I will position myself for a reignition of the uptrend. Update 16.04.2015 The 161.8% extension on the weekly has completed. I am entering here, chances should be good.

Technically the Aussie looks oversold. AUDUSD shows a nice level from which it could pop back to the ~0.85/0.8625 level. Aussie also reached a support level against the Kiwi: The Aussie's decline is fundamentally congruent with the beaten down commodities (oil, silver). If the trend persists and the dollar keeps strengthening the next level and chance for a AUDUSD long will be around 0.7720.