November 2016 – Page 2 – Peter Brandt

Factor Alert, November 16, 2016 — Japanese 10- Yr JGB

November 16, 2016/by Peter Brandt

Factor Alert, November 16, 2016 — Cotton

November 16, 2016/by Peter Brandt

Cotton is a member of the notorious New York "C" gang of thieves -- Cotton, Copper, Cocoa and Coffee. The NY Cs are very difficult markets to trade using classical charting principles. These markets periodically offer excellent chart signals (such as just occurred in Copper) -- but as a rule most classical patterns in the C-markets provide frustration.

EUR/USD, seasonality and the ADX indicator

November 16, 2016/by Peter Brandt

There are several technical features of EUR/USD that traders should be aware of at this point in time.

Seasonality

There is an extremely strong tendency for EUR/USD to experience its annual high or low in the month of January. In fact, in 35 of the past 46 years the annual high or low occurred in Jan -- with the high or low occurring in Feb or early Mar in another four years. I believe the high or low in EUR/USD will occur in early Jan in 2017 -- and, of course, my present bias is for a high to occur.

Freeport McMoran (FCX) (Trade Idea)

November 15, 2016/by Peter Brandt

Freeport McMoran (FCX)

The dominant chart construction in the Freeport McMoran stock is the 16-month H&S bottom on the weekly chart. A decisive move and close above $14.70 will be my signal to buy.

Factor Membership

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View your Factor Member options here. You could consider your membership in the Factor Service as just one more trade. If the Factor Service is not of value to you, well, it is just one more trade that did not work. Through the Factor Service I endeavor to alert novice and aspiring traders to the many pitfalls you will face – and to offer advice on overcoming those pitfalls. My goal is to shoot straight on what trading is all about. For more information watch my 30 minute webinar where we cover the Factor service in depth.

I hope you will consider joining the Factor community.

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Factor Alert — Eurocurrency and USDX

November 14, 2016/by Peter Brandt

EUR/USD

The decline on Friday (with the follow-through today) has completed a 9-month H&S top pattern, setting up a test of the lower boundary of a 20-month consolidation. As mentioned by the November 13, 2016 Factor Update, I view this H&S as the possible launching pad for the completion of the larger congestion area.

Crude Oil – Possibilities

November 14, 2016/by Peter Brandt

Crude Oil - Possibilities

The possibility of a 15- month H&S bottom on the weekly chart has given way to two very different Crude Oil Possibilities: (1.) An “end-around” the 12-week symmetrical triangle, or (2.) Substantially greater morphing of the chart. I favor the “morphing” option. Under this option, prices could trade back into the mid-$30s. The weekly continuation chart shown is based on a roll-at-first notice date. Read More