Euro versus US Dollar : since mid-March timid consolidation.

Looking at the monthly chart you can't speak of an uptrend or a rally of the euro.
So far we are witnessing a timid consolidation in a downtrend.

On the weekly chart I got a sell signal to go short on the euro on 18/08/2014 at 1,3242.
That week the currency pair fell through the 233 EMA and indicators were pointing downwards.

Since mid-March the currency is forming a weak ascending triangle pattern.
The resistance of this triangle joins more or less the 55 EMA, which now is situated at 1,1592.

An ascending triangle is normally positive and a continuation pattern of an existing uptrend.
This one however is forming within a downtrend. Is there a chance that it will be a reversal pattern ?
So far I don't find it very robust after 6 months...

On the daily chart I got a clear sell signal for the euro on 16/07/2014 at 1,3528.
A second sell/short signal was given on 17/12/2014 at 1,2337.
We are now at 1,1253.

The 21 EMA has settled above the 55 EMA and that's a first positive sign for the euro.
However both EMA's are still way under the 233 EMA.
Conclusion : the downtrend remains intact after this half a year consolidation. However it could be wise and prudent to take some partial profits.

Do you have a question ? Feel free to email me : kiss4emm@gmail.com
You can ask the question in english, french, dutch, german or spanish.

Arturo Botticelli,
kiss4emm.

Never try to catch a falling knife.

Glencore Plc, Symbol GLEN on LSE (London Stock Exchange), lovely stock to short.

On the weekly chart I got a first sell signal on 24/11/2014 at 320,40 pence.
At the start of this year the stock started a rebound which was blocked off by the 55 EMA resistance (blue line).
The stock never got above my stop loss at 340 pence and on 11/05/2015 I got a second short sell signal at 293.3 pence.

Right now Glencore is trading at 68,62 pence and the downward momentum is high.
A falling knife is a very lucrative short position.

The daily chart confirms that there hasn't been any rally attempt since the last short signal I got.

Glencore is a large cap stock in the materials sector, in the industry of industrial mining.

According to an Australian public radio report, "Glencore's history reads like a spy novel..."
Click here to read the history.

Today it is hard to discover an happy ending.

Do you have a question ?
Do you want to get a second opinion on a stock, a currency pair or an ETF ?
Do you want to get timely signals to buy, hold, sell or sell short ?
Feel free to contact me at kiss4emm@gmail.com

You can ask your questions in english, french, dutch, german or spanish.

Arturo Botticelli,
kiss4emm

Stratasys (SSYS) Take profit on short position.

Clear sell signal to go short in Nov 2014 at 101,97 $.
Click here to know some ins and outs of short selling.
Today the stock is at 30,62 $ and trying to find support around its EMA 233.
I would take profit and close the position.

On the weekly chart I got the clear sell signal on 03/11/2014 at 103,07 $.
The stock broke that week 3 EMA's and formed an impressive bearish engulfing candlestick .
Besides that candlestick formed an outside reversal pattern , destroying 5 weeks of candlesticks.
Right now the weekly chart remains negative but the daily chart points to a downtrend that is running out of breath.

The stock surged 6,21 % the last session.
There isn't any valid buy signal yet but it seems wise to lock in the profit from the short position.

Stratasys (SSYS) is a small cap technology stock in the industry of computer peripherals.
The upward move was probably caused by analyst Jason North from Jefferies.
He said that Hewlett-Packard could acquire Stratasys and speed up its 3D printing roadmap by a year or two. Read the whole story.

An analyst view, such as a possible takeover, should be handled as background information.
Price action of a stock is the key to take investment or trading decisions.

Arturo Botticelli,
kiss4emm

S&P 500 Index, Monthly sell signal in March 2015 at 2067,89

In March 2015 I got a monthly sell signal at 2067,89.
For the moment the index is finding support around EMA 21 at 1960.
Click here for an explanation of EMA

Let's not underestimate the powerful long uptrend but some indicators point to the possibility of a deeper correction.

On the weekly chart the index fell under EMA 55 but so far  EMA 21 is still holding above EMA 55, which is positive.
The hammer candle on 24/08/2015 confirms the support strength of EMA 144 around 1860.
Click here to find an explanation of the hammer candle

The lowest close of the last 5 weeks is still above the close of 13/10/2014 at 1887.
The rally attempt of last week was however rejected by EMA 55 resistance at 2024.
Moreover last week ended with a shooting star candle, representing the force of the bears.
Click here for an explanation of the shooting star candle

On the daily chart I got a clear sell signal on 19/08/2015 at 2079,61.
The index fell that day under EMA 55, EMA 21, EMA 8 and EMA 144.
Since 07/08/2015 EMA 21 was already lower than EMA 55, which was boding ill.

Today the daily trend remains in a clear downtrend.
Contrary to the weekly and monthly charts where the uptrend is still in place.
It is dangerous to fight the longer term.
That being said, the correction could go deeper or a longer sideways consolidation could impose itself.

Arturo Botticelli,
kiss4emm