The EUR/USD pair has been getting crushed lately as the dollar has strengthened, even in the face of the Euro QE programs. The long-term chart is very very interesting. First this is the EUR/USD 20 year Monthly chart, so its a long-term time frame. Today we see the EUR/USD pair heading towards support at 1.1876 […]Read more
We spoke about YELP a few days ago and how there is a good possiblity of rallying after bouncing off the 2012 lows. YELP has now moved above two key levels, first being 54.15 and the 20 day ema. In addition to these bullish breaks of resistance, YELP has now broken out of a short-term […]Read more
After rallying aggressively off its lows the market seem to have taken a pause as they have neared or broken to new highs. Over the last few days the market has slowly crept along resistance levels near last months highs. The SPY have gone above these levels but not significantly and DIA or the DOW has […]Read more
Below is a look at YELP stock review of potential price action for 2015. Until early 2013 YELP was a full on momo stock, climbing over 400% from 2012 to its high in 2013. Since that high though YELP has broken away from the markets uptrend and has decreased over 40% from those highs. Now […]Read more
This latest rally off the oversold condition has brought SPY near its highs at 207.87 and is now trading at resistance (adjusted for dividends on the stockcharts chart SPY made a new high), and while this is a good sign there needs to be some pause of concern over as SPY meets resistance and there are weak internals. […]Read more
Piker Trader has relaunched and we are introducing a new subscription package called Piker Signals. Piker Signals is a simple indicator that adjusts with the market’s volatility and trends. It does not stay static like your parent’s out-of-date indicators. The market has changed since most indicators were created, many of which have static overbought or oversold […]Read more
As the market screams panic, take some comfort in that our indicator flashed oversold on Monday. With this signal the market may stop its selling and we can get a rally from here. It is possible to see some downside here but historical bounces have occurred after an oversold signal. If SPY can get above […]Read more
Pikertrader LLC (“Pikertrader”) or its writers are not a registered investment advisor or broker dealer. None of the newsletters, website content, emails, or newsletters should be construed as a recommendation or solicitation to buy or sell any security or as investment advice. Pikertrader does not provide investment advice to individuals. All contents of the Service are provided for information and educational purposes only. Your investment and trading decisions are solely your responsibility and it is recommend that you consult with a financial advisor and conduct your own independent research before making any investment decisions. Past performance is not indicative of future results and there is a very real risk of loss in trading. You should not invest funds that you cannot afford to lose. A loss incurred in connection with trading can be significant. Pikertrader makes no claims whatsoever regarding past or future performance. All examples, charts, diagrams, lesions, blog post, are for educational, entertainment and information purposes and should not be consider recommendations to buy or sell a security.