Trans Canada (TRP) Bullish Engulfing Trans Canada Corp (TRP), a Natural Gas Utility made a bullish engulfing pattern on Friday June 6th. On weekly chart TRP has been on an uptrend since March 2009. The trend line is conventionally drawn by connecting the lows, which includes the flash-crash low of first week of May 2010. Since June…
We first stated seasonal strategy to trade British Pound in 2012. We have further refined it by applying our proprietary algorithm for entry & exit signals, improving the already impressive returns. Since 2000, our strategy has produced 63 trades – for both Forex spot contracts and ETF – with a winning rate of 71.4%. The trade has been successful nine…
USD/CHF is in the process of completing a Double-Bottom pattern. It has been hovering around the breakout level for the last couple of weeks. Now it seems to be breaking out. The pair made two near term lows – one made on March 13th (point A in chart) and another on May 8th (point C).…
Euro Zone is courting deflation and witnessing weak growth. Some talking heads on TV are wondering whether ECB President Draghi believes in data that inflation is not a threat. But on Thursday morning, ECB and President Draghi came out with blazing guns. ECB has cut the deposit rate to -0.1% from 0.0%, effective from June 11, 2014.The negative rate…
Summer months offer good trading opportunities in sugar. As of close of June 4th, our seasonal commodity trading strategy has generated long entry signal for sugar. One can establish a long position for SB – October ’14 contract at or near 0.1704 Or one can go long SGG, iPath DJ-UBS Sugar TR Sub-Idx ETN, at…
Agricultural crops have always been strongly influenced by the vagaries of nature and weather. It is true that smaller acreages are producing bigger crops and the world has become smaller enabling easier food export-import. But, it is also true that the production, storage and consumption of agricultural products vary greatly by season. So it not surprising that the seasonal effect is visible in the price-action of…
The shake up in our Hi-Tech trades continue and the exit signals were generated for the remaining ETFs. Exit IGM at or around May 28th closing price of 92.38 for 1.5% gain Close out IYW near 93.72 for 4.2% gain Exit QLD at or near 105.81 for 2.9% gain This year the result was mixed for this strategy. Broader…
The exit window is open for Hi-Tech seasonal trades. At the close of May 19th, another ETF made use of the opening. Exit PNQI – PowerShares NASDAQ Internet – at or around 61.95, the close on May 19th So far, this year has not been too good for these Internet related trades. PNQI trade lost -12.3% in 67 days. On the positive note,…
The favorable period for Hi-Tech is coming to a close. We started these trades in mid-March and the exit signal is triggered for one ETF at the close of May 13th. Exit FDN – First Trust Dow Jones Internet Index – at or around 54.84, the close on May 13th This year has not been too good for these trades. FDN produced a…
The last one of our short listed-bond ETF trade for the summer is triggered by the close of May 12th, 2014. Go long BND – Vanguard Total Bond Market (BND) – at or near 81.65, the close on May 12th The favorable period for this trade will end sometime in Oct-Nov. We will send alerts when our proprietary algorithm…
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