***Long AUD/NZD @ 1.06630***

I'm thinking we'll have another bounce in this pair either up to the 1.11 level or possibly the 1.138 level, which would be a 400+ pip rise or a 700+ pip rise. Pips are worth slightly less than $10 in this pair coming in at $8.39 per lot.

The risk on this pair is the prior low at 1.04903, but I never set my stop at the ultimate low. I'd rather save a little cash if I'm wrong and set it at 1.05, which is 163 pips below the entry. That risk is a little large, but if this trade plays the reward could be much greater than the posted take profit levels above. Sometimes I'm willing to risk a little more on these scenarios.

Chart:

One of my favorite buy/sell setups occurred on this pair. On the 30m chart you draw a trendline on the MACD. Once that trendline is broken you wait.......You wait for the pair to put in either a higher high or lower low WITH Divergence. Right now I'm jumping the gun on the divergence, but you can see on the chart that the MACD would need to drop sharply to not create that positive div. I'll gamble on the +div.

Risk: 163, Reward: 400 (on the low side) = .4075 as I said, not my best setup, but I'll try it.

USD/JPY Currently Long

I am currently long USD/JPY and have two options on the charts, both of which are bullish.

The first chart shows the A wave up, followed by a B wave, then a series of 1,2's up. This count is more bullish, but I still don't expect the pair to trade a new high over the January 2nd high.

Chart:

The second more probable scenario is an A wave up and we're currently in a B wave triangle.

That would take us to the 102.60 area. I have my stop-loss set at 101.50 because forex has a tendency to over-run the C wave low a touch on triangles.

Cycle Chart Referenced in Previous Post

The SP-500, 1987 Projection Line and Monthly ADX

In the past the ADX has given early warning to extended market crashes. This time I don't expect it to act differently. 

In the chart above the Monthly ADX dropped below 40, or 35 in the case of 2007, prior to the final highs being achieved. When the monthly ADX gets above 35, only a close below 35 will issue a buy or sell signal. Once the ADX gets over the 40 mark, the 40 line becomes the buy or sell signal. Using this indicator on a longer term basis, while also following the weekly, daily and sometimes hourly indicators should keep me on the right side of the trend. Once the market broke above the upper red break line and the white 1982 projection line I knew it was targeting the 1987 projection, and this line only rises as time goes by.

In the chart above you can also see the markets reactions to previous trend lines. The market found it's 2007 high at the 1987 projection. It found it's 2002, 2010 and 2011 lows at the 1990 uptrend line. It found it's low in 2009 at the 1982 uptrend line. Once the market broke above the upper red break line and the white 1982 projection line I knew it was targeting the 1987 projection, and this line only rises as time goes by.

I am looking for the completion of the iii of 3 wave and I have a few cycle thoughts on that timeframe. The first comes from the equinox chart that shows market turns occur near the Spring and Autumn Equinoxes.

the Spring Equinox is March 20th, 2014. The VIX Cycle low is showing up March 10th, 2014. The 24th TD from the Q's low is March 11th, 2014. All these time signatures are aligning for something, what could it be? I'll keep you posted, but the charts ARE NOT reflecting a MAJOR decline at this time. I'll be looking for a drop to 1600 by July, 2014.

SP-500 Update/Some Caution from Indicators

There are a couple of indicators showing caution on the daily SP-500 Chart.

The MACD is running into the down-trend line currently - Just something to watch for now

The RSI is over the 85 mark, which has produced both large and small pullbacks on previous occurrences.

The StochRSI is testing it's up-trend line. This happens often during an uptrend where it will give us a new up-trend line once the previous is broken. Nothing to be overly concerned about just yet.

The daily indicators are still on buy/uptrend, but these are just a few charts to watch in the coming sessions.

The VIX cycle is due to make it's low on March 10th, but since the last high came in early, we can assume the next low may come in early. The shift from High to Low moves a possible VIX low into tomorrow, February 27th. I will be watching for a reversal from tomorrow into March 10th with help from the daily indicators.

***SOLD URZ***

Bought December 2013 @ 1.14 sold today 1.76/1.77

54% gain.

*** SOLD LNKD CALLS***

Sold the LNKD calls I bought on 2/12 around $8.00 for $18+ today. Gains of over 125%

Each $800 invested turned into $1800

Chart:

TSLA Update

Per the previous chart, I had TSLA in wave iii of 5. If wave iii extends 2.618*i it puts wave iii at 260ish, which it traded at this morning. So From here I am looking for a retrace down to 230 which is .236*wave iii and 1.00* wave ii, or, more likely, 212 which is .382*iii and 1.618*ii.

Weekly Chart:

Daily Chart:

The v of 5 should target 320-340.

AAPL Puts - April 520's in the $14.00 Area

I've been picking up some April 520's on AAPL. Stop-loss @ 552 take profit 460-430

Chart:

TSLA Weekly