IB Traders Insight


NEW - IB Traders' Insight Daily Commentary Videos View Videos

1 2 3 4 5 2 1630


Technical Analysis

AUDJPY Testing 11 Month Uptrend Support


The AUDJPY along with other Yen crosses is showing more weakness in today's Asia morning, and the AUDJPY in particular appears vulnerable as it is now testing an uptrend support line that has held (on the weekly chart) since last July.  The AUDJPY is also within a steady downchannel (in the daily chart), and appears to want to retest the April low in the next day or so.  The weekly, daily and 4hr RSI, Stochastics and MACD are bearishly sloping down.  I will look to enter short intraday in the red zone (of the daily chart), targeting the green zone by Thursday.

 

AUDJPY Weekly/Daily/4hr/Hourly

 

Click here for today's technical analysis on Wheat, US Dollar Index

 

Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures and spot FX markets can be traded consistently profitably. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/Eurex futures (commodities, equity indices, and interest rates), spot FX and US equity markets, which it considers worth monitoring for the day/week for trend reversal or continuation. For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

 

This article is from Tradable Patterns and is being posted with Tradable Patterns’ permission. The views expressed in this article are solely those of the author and/or Tradable Patterns and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


13347




Technical Analysis

Corn (ZC) Edges Higher for 3rd Straight Week


Corn (ZC) rebounded over 1% Friday as it continues positioning as a trend reversal candidate.  Although the bottoming process along the uptrend support (on the weekly chart) can take another few weeks, the weekly, daily and 4hr RSI, Stochastics and MACD are fairly bullishly aligned.  Nevertheless, before longer term bulls get overly excited, ZC will need to break above horizontal resistance (on the weekly chart).  I will look to enter long intraday Tuesday following the US Memorial Day holiday in the green zone (of the daily chart), targeting the red zone by late week.

 

Corn (CME ZC Jul17) Weekly/Daily/4hr/Hourly

 

Click here for today's technical analysis on Wheat, US Dollar Index

 

Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures and spot FX markets can be traded consistently profitably. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/Eurex futures (commodities, equity indices, and interest rates), spot FX and US equity markets, which it considers worth monitoring for the day/week for trend reversal or continuation. For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

 

This article is from Tradable Patterns and is being posted with Tradable Patterns’ permission. The views expressed in this article are solely those of the author and/or Tradable Patterns and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


13346




Macro

Here's Why I Think Renewable Energy Is Finally Living up to Hype


Global markets have steadily been adding renewables such as wind and solar to their energy mix for several years now, but according to a handful of new reports, 2016 might have been the tipping point. Not only did the world add a record level of renewable energy capacity last year, but it did so at a significantly lower cost compared to 2015. In the U.S., wind and solar both had a knockout year, the latter of which ranked number one in terms of new capacity growth, ahead of fossil fuels. 

Investors who might have overlooked this growing industry probably can’t afford to do so any longer. After several years of hype and false starts, renewable energy is finally starting to hit its stride.

Among our favorite energy stocks right now are SolarEdge Technologies, up more than 50 percent year-to-date as of May 24; Vestas Wind Systems, the largest wind farm manufacturer in the world, up 33 percent; Siemens Gamesa, up 27 percent; and Sociedad Química y Minera de Chile (SQM), one of the world’s top three lithium producers, up 26 percent. (Lithium is used to manufacture lithium-ion batteries.) We own these names, among other renewables, in our Global Resources Fund (PSPFX), which is currently overweight renewables. Note they are all outperforming the broader S&P 500 Energy Index, down 11 percent.

Renewables Have beaten broader energy stocks

We find these companies attractive because their revenue is dependent not necessarily on new orders but on existing service agreements. It’s much like a car dealership. It may sell you a car at cost, but you must commit to allowing the dealer to service said car. This, of course, helps generate long-term revenue.

In the days following the November election, SolarEdge, Vestas and other “green” stocks contracted on fears that the incoming Donald Trump administration would heavily curtail the incentives for renewable capacity additions in the U.S. Ben Kallo, an analyst at Robert W. Baird, warned investors on November 9 that he expected “a significant overhang on solar stocks due to negative sentiment trades and oversupply in the industry.”

We saw the pullback as a prime buying opportunity, and we continued to accumulate renewables knowing that the underlying service portion of revenue is solid and stable. The bet was well-made. Our renewables allocation is now a core driver of PSPFX’s performance this year, as you can see here.

Click here to read the full Investor Alert from Frank Holmes.

About U.S. Global Investors, Inc.

U.S. Global Investors, Inc. is an innovative investment manager with vast experience in global markets and specialized sectors. Founded as an investment club, the company became a registered investment adviser in 1968 and has a longstanding history of global investing and launching first-of-their kind investment products. U.S. Global Investors is well known for expertise in gold and precious metals, natural resources and emerging markets.

Since 1989, U.S. Global Investors has been led by CEO Frank Holmes, who purchased a controlling interest in the company that same year. U.S. Global Investors is a publicly traded company (NASDAQ symbol: GROW) headquartered in San Antonio, Texas.

For more information please visit http://www.usfunds.com.

All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link(s) above, you will be directed to a third-party website(s). U.S. Global Investors does not endorse all information supplied by this/these website(s) and is not responsible for its/their content.
 
The S&P 500 Energy Index is a capitalization-weighted index that tracks the companies in the energy sector as a subset of the S&P 500.
 
Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the article were held by the Global Resources Fund 3/31/2017: SolarEdge Technologies Inc. (1.25%), Vestas Wind Systems A/S (1.54%), Gamesa Corp Tecnologica SA (1.30%), Sociedad Química y Minera de Chile (1.22%).

This article is from U.S. Global Investors  and is being posted with U.S. Global Investors’ permission. The views expressed in this article are solely those of the author and/or U.S. Global Investors and IB is not endorsing or recommending any investment or trading discussed in the article. This material is for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IB to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


13345




Options

Volatility 411




CBOETV - Dan Deming, KKM Financial, provides analysis on the volatility space as it maintains all-time lows.

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options. Copies are available from your broker, or at www.theocc.com. The information in this program is provided solely for general education and information purposes. No statement within the program should be construed as a recommendation to buy or sell a security or to provide investment advice. The opinions expressed in this program are solely the opinions of the participants, and do not necessarily reflect the opinions of CBOE or any of its subsidiaries or affiliates. You agree that under no circumstances will CBOE or its affiliates, or their respective directors, officers, trading permit holders, employees, and agents, be liable for any loss or damage caused by your reliance on information obtained from the program.

Copyright © 2016 Chicago Board Options Exchange, Incorporated.   All rights reserved.

This video is from CBOE and is being posted with CBOE’s permission. The views expressed in this article are solely those of the author and/or CBOE and IB is not endorsing or recommending any investment or trading discussed in the article. This material is for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IB to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


13344




Technical Analysis

US Dollar Index (DX) Testing Daily Chart Downchannnel Support


The US Dollar Index (DX) continued a near-term bottoming pattern yesterday as it edged higher just off downchannel support (on the daily chart).  Significantly, the DX is trying to bounce off the support of a downchannel (on the weekly chart) that began last December, along with the same chart's uptrend support line.  As the weekly MACD still slopes firmly down, DX bulls will remain cautious for now.  Nevertheless, any rally to the daily chart's downchannel resistance next week would be meaningful to day traders.  I will look to enter long intraday in the green zone (of the daily chart), targeting the red zone by late next week.

 

US Dollar Index (ICE DX Jun17) Weekly/Daily/4hr/Hourly

 

Click here for today's technical analysis on Raw Sugar, Wheat

 

Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures and spot FX markets can be traded consistently profitably. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/Eurex futures (commodities, equity indices, and interest rates), spot FX and US equity markets, which it considers worth monitoring for the day/week for trend reversal or continuation. For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

 

This article is from Tradable Patterns and is being posted with Tradable Patterns’ permission. The views expressed in this article are solely those of the author and/or Tradable Patterns and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

 

 


13333




1 2 3 4 5 2 1630

Disclosures

We appreciate your feedback. If you have any questions or comments about IB Traders' Insight please contact ibti@ibkr.com.

The material (including articles and commentary) provided on IB Traders' Insight is offered for informational purposes only. The posted material is NOT a recommendation by Interactive Brokers (IB) that you or your clients should contract for the services of or invest with any of the independent advisors or hedge funds or others who may post on IB Traders' Insight or invest with any advisors or hedge funds. The advisors, hedge funds and other analysts who may post on IB Traders' Insight are independent of IB and IB does not make any representations or warranties concerning the past or future performance of these advisors, hedge funds and others or the accuracy of the information they provide. Interactive Brokers does not conduct a "suitability review" to make sure the trading of any advisor or hedge fund or other party is suitable for you.

Securities or other financial instruments mentioned in the material posted are not suitable for all investors. The material posted does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before making any investment or trade, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice. Past performance is no guarantee of future results.

Any information provided by third parties has been obtained from sources believed to be reliable and accurate; however, IB does not warrant its accuracy and assumes no responsibility for any errors or omissions.

Any information posted by employees of IB or an affiliated company is based upon information that is believed to be reliable. However, neither IB nor its affiliates warrant its completeness, accuracy or adequacy. IB does not make any representations or warranties concerning the past or future performance of any financial instrument. By posting material on IB Traders' Insight, IB is not representing that any particular financial instrument or trading strategy is appropriate for you.