Given the force of the up move into last week's close we could see more
bullish momentum in the coming days, traders can consider a long entry this week if the market retraces back down to support near 1.2875 or further below near 1.2750 and forms an obvious 4 hour or daily chart buy signal.
Note the daily 8 / 21 EMAs have also crossed higher recently, reflecting the fresh
bullish momentum in this market.
Since gold is often viewed as a «flight to safety» play when stocks are weak, it's likely that
bullish momentum in $ GLD will continue in the near to intermediate - term.
Overall, we remain well - positioned to profit from continued
bullish momentum in the market, while still maintaining our firm, protective stop prices (as always) in case things don't go as planned.
The increasing
bullish momentum in the financial ETF we mentioned last Friday can be easily seen on the percentage change chart below, which compares the performance of S&P Select Financial SPDR ($ XLF) against the S&P 500 SPDR ($ SPY), a popular ETF proxy that tracks the performance of the broad - based S&P 500 Index:
Today, we follow - up that analysis by examining in more detail the increasing
bullish momentum in the financial sector.
Not exact matches
«So as long as these stocks all screen favorably
in our
momentum work, and for the most part they do — they still have
bullish trends, they've been leadership — we think they're still worth a position
in your portfolio.»
We expect
bullish momentum to carry gold ETFs substantially higher, both
in the short term and intermediate - term, but we plan to sell DGP into strength before the first correction occurs, then look to re-enter after it forms a bull flag or a base of price consolidation.
From here, we expect
bullish momentum to power $ ZU substantially higher
in the near to intermediate - term:
Given its convincing
bullish momentum, it's probable that $ PGJ will eventually rally at least to its prior highs of 2011 (about 15 % higher), but the ETF is likely
in need of a short rest before doing so.
Overall, Ether is gaining
bullish momentum and it will most likely accelerate higher above the $ 750.00 and $ 760.00 levels
in the near term.
Although this has been leading to moderately
bullish price action
in select blue - chip stocks such as $ IBM, more explosive, high -
momentum moves have been coming from various commodity - based ETFs (which have a low correlation to the direction of the overall stock market).
In order to recapture the
bullish momentum, SPY must generate a weekly close above 280.23.
After being
in downtrend from April 2011 until September 2012, KOL is now setting up as a short - term,
momentum - based
bullish trend reversal play.
Should the Aussie and the Canadian Dollar pick up some
bullish momentum, we could be
in for a more durable rally
in equities too, as they have been leading risk assets
in recent weeks.
When you learn how to interpret subsequent price action that follows the touch of a 20 - EMA, this stellar indicator can be used by swing traders as the proverbial «line
in the sand» for knowing whether or not a trend is maintaining very
bullish momentum.
To investigate, we consider relationships between Powershares DB US Dollar Index
Bullish Fund (UUP) and the following exchange - traded fund (ETF) asset class proxies used
in «Simple Asset Class ETF
Momentum Strategy» (SACEMS) at a monthly measurement frequency:
I'm not involved
in corn, but I do believe prices are headed higher as we have major support around the 3.73 level, but for the
bullish momentum to continue, we have to break the 3.95 area.
The ETH token has lagged BTC
in the second half of the week, but it's holding up above support, despite the lack of short - term
bullish momentum.
Meanwhile, the most traded currency pair is still trading
in a broad consolidation pattern after failing near the upper boundary of the formation again, and as the tension
in the market grows, a large
momentum move could be around the corner, with the long - term trend still being
bullish.
«Tax Day»
in the U.S. is today, April 17, and a number of analysts are
bullish on Bitcoin as the much - anticipated tax deadline should trigger the next upward
momentum.
With valuations very rich,
bullish sentiment high, and stocks generally overbought, there's a certain
momentum to the market that makes it likely -
in terms of probability - that stocks will be higher
in the weeks ahead.
Considering that US stocks have been
in a 5 - year bull market, it would be unreasonable to expect such
bullish momentum to change overnight.
The cryptocurrency segment is
in a short - term correction after a great week that saw several key resistance levels fall, as the major coins kept up the
bullish momentum and hit new rally highs after a shallow correction.
After it broke out above resistance that day, buyers immediately stepped
in and
bullish momentum propelled the ETF sharply higher for six consecutive days (and still counting).
The next step before attempting to establish a low - risk buy entry
in a stock that is basing out is to ensure the price action has begun to show signs that
bullish momentum has moved back
in our favor.
This ensures that
bullish intermediate - term
momentum is
in our favor, which dramatically increases the odds of a profitable trade.
The major cryptocurrencies continue to act
bullish after last week's strong
momentum move higher, as the largest coins are all trading
in shallows corrections or are...
Although we'd love to see $ EPI pull back closer to the prior breakout level at $ 19.40
in order to establish an even lower risk position, we do not want to miss the next potential move higher when the
bullish momentum of the recent breakout resumes.
The GBPUSD moved higher last week,
in - line with recent
bullish momentum.
Momentum and trajectory remain very
bullish and although there was a small
bullish pin on Friday, it's not really
in the right location for us to commit to a new long position just yet.
We would have liked to see a
bullish close on this setup but given that the tail was long and obvious, and the setup was with the near - term
momentum, we don't always NEED the close
in our favor, it's just an extra point of confluence.
I am more
bullish now, but I am waiting for a turn
in the
momentum to get more aggressive.
I got a large - ish amount of responses to my pieces Does Not Pass the Japan Test, A Reason to Sell Stocks Amid the Rally, and my more
bullish piece
Momentum in the S&P 500.
Bullish chart patterns on biotech - related assets suggest that the bulls are
in control of the
momentum.
Following this upside break out, we are looking to buy on any weakness, to enter long,
in the direction of the
bullish momentum.
This current rally is fueled by
bullish comments from the new CEO, day traders who follow
momentum (look at the recent rise
in volume
in the first graph, and short sellers buying
in their positions.
Indeed we propose a simple model of the price dynamics
in which the return growth depends on three components: a) a
momentum component, naturally justified
in terms of agents» belief that expected returns are higher
in bullish markets than
in bearish ones; b) a fundamental component proportional to the log earnings over price ratio at time zero.
With the bitcoin price already recovering from its major correction and no hard fork
in sight, bitcoin is at a
bullish scenario to achieve new highs and regain
momentum.
Either price is consolidating for a greater move
in general, or, this represents a bearish divergence showing a higher highs
in price on lower volume, which would suggest weakening
bullish momentum.
Short - term
momentum studies indicate
bullish setup: 5 - day MA and 10 - day MA are curled up
in favor of the bulls.
EOS price is one of the few cryptocurrencies that seem to be closing the week
in a
bullish momentum.
Cryptocurrency frauds, scams, and hacks tend to rise every time there is considerable upward
momentum in pricing for cryptocurrency market, so be extra cautious when the market is
bullish.
Price action and market
momentum are slowing, as bitcoin price typically does prior to a strong directional move... The one - day and three - day charts remain
in bullish mode.»
However, bitcoin price has also broken past the moving averages» dynamic inflection points to reflect a pickup
in bullish momentum.
While the trading volumes are low due to Easter holidays
in many European countries, the
bullish momentum is visible across the whole cryptocurrency market with all major coins recovering from early Asian lows.
A
bullish momentum is sluggishly forming above the $ 450 level
in the current session following the announcement from Coinbase cryptocurrency exchange to add the support for Ethereum smart contracts technology ERC20.
In addition, a
bullish divergence was spotted on the RSI, which indicates that the pair is gathering
momentum to end the correction.
Prices are stable and
in the green zone, but upsides could be capped considering the lack of
bullish momentum.
Bitcoin mostly traded
in a range during the past two sessions, but a few altcoins such as bitcoin cash, E-coin, Ethereum classic, bitcoin gold and Qtum gained heavy
bullish momentum and traded higher.