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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
My company:
tradewithZEN
My blog:
zentrader.ca
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  • Italian Election Could Be Game Changer

    By Poly

    The Italian election results were very big in my opinion. It again underscored the people's impatience and unwillingness to embrace growth-crushing austerity. The problem is that Italy is going to need help restructuring their debt at some point in the very near future, for this I am very confident. At 130% of debt to GDP and an economy potentially facing depression like conditions in the coming years, Italy remains the 2,000 pound elephant in the room. The IMF and EU would never agree to a bailout without deep austerity, but in this case the electorate has already beaten them to parliament. With a €2 Trillion debt pile, Italy may well be the driving force that breaks the monetary union apart.

    Of course this potential crisis has always existed, it never went away. The ECB's pledge to support these sovereigns at all cost (using banks as a conduit) has only masked the real structural problems facing Europe. This is likely the source of the recent Dollar strength I've been seeing. The Dollar is showing a Daily Cycle Top now, but that's after 17 days. This type of strength points to a new Investor Cycle that is gaining traction with the potential to really breakout on a weekly chart.

    The Euro is now showing signs of vulnerability. With a break of its weekly trend-line and a turn of the oscillators, it's pretty clear now that the Euro topped back in Week 11. This confirms the new Dollar IC, therefore this bounce out of the (4th Daily Cycle) is likely to be just a counter trend rally back to the $1.34 area before topping. It's my belief that once the Euro tops, it will signal a top in all risk assets and the long hard decline towards the next ICL will accelerate.

    This is an excerpt from this midweek's premium update published on Wednesday (2.27) focusing on the US DOLLAR from the The Financial Tap, which is dedicated to helping people learn to grow into successful investors by providing cycle research on multiple markets delivered twice weekly, as well as real time trade alerts to profit from market inefficiencies.

    They offer a FREE 15-day trial where you'll receive complete access to the entire site. Coupon code (NYSE:ZEN) saves you 15%.

    Mar 01 4:35 AM | Link | Comment!
  • Three ETF's That Better Track The TSX

    By Jeff Pierce

    So I noticed something today in regards to the vehicle I use to trade my Canadian timing signal, EWC. It's a horrible ETF that doesn't really do it's job of tracking The TSX at all. Notice how it seriously under performed in the first chart below. Here is a video I sent to tradewithZEN subscribers notifying them of the bearish trend change in the Canadian markets.

    TSX Timing Model

    tsx

    If you'd like to learn more about tradewithZEN and how it can help you in your market timing, as well as buying momentum stocks all for $20/month, click here.

    EWC

    tsx.ewc

    HXT.TO

    Regular ETF that does a good job of actually tracking the Index

    hxt

    HXU.TO

    hxu

    HXD.TO

    You would have to short this when my timing signal give s a buy and vice versa. Best liquidity at 500k/day.hxd.to

    Tags: $TSX, etf trading, EWC
    Mar 01 4:26 AM | Link | Comment!
  • Looking At The Other Metals

    By Jeff Pierce

    I believe Silver will hold up much better than Gold and until it makes a new multi-year low I have to believe those will hold. I will do some further analysis if that scenario plays out.

    Copper is in a multi yr range and is near the apex of a giant symmetrical wedge. RSI is right near 50 (no edge). The long term trend remains up so definitely give the edge to the bulls here, but I don't see any good trade in this commodity at this time.

    silver

    copper

    Feb 28 1:14 AM | Link | Comment!
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