Hot Stocks Signals

Macquarie Group: the downside prevails.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

• Pivot: 87.50
  
• Our preference: short positions below 87.50 with targets at 81.00 & 77.15 in extension.
  
• Alternative scenario: above 87.50 look for further upside with 91.50 & 94.00 as targets.
  
• Comment: the RSI shows downside momentum. The stock broke below the bullish channel and the lower boundary of Bollinger Bands. Both 20-day and 50-day moving averages are declining.
  

EUR/USD Intraday: under pressure.
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Pivot: 1.1930
Most Likely Scenario: short positions below 1.1930 with targets at 1.1875 & 1.1855 in extension.
Alternative scenario: above 1.1930 look for further upside with 1.1980 & 1.2025 as targets.
Comment: as long as the resistance at 1.1930 is not surpassed, the risk of the break below 1.1875 remains high.

GBP/USD Intraday: turning down.
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Pivot: 1.2995
Most Likely Scenario: short positions below 1.2995 with targets at 1.2900 & 1.2865 in extension.
Alternative scenario: above 1.2995 look for further upside with 1.3020 & 1.3045 as targets.
Comment: the RSI shows downside momentum.

USD/JPY Intraday: under pressure.
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Pivot: 109.95
Most Likely Scenario: short positions below 109.95 with targets at 109.00 & 108.65 in extension.
Alternative scenario: above 109.95 look for further upside with 110.25 & 110.65 as targets.
Comment: the RSI shows downside momentum.

AUD/USD Intraday: bullish bias above 0.7940.
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Pivot: 0.7940
Most Likely Scenario: long positions above 0.7940 with targets at 0.7995 & 0.8020 in extension.
Alternative scenario: below 0.7940 look for further downside with 0.7920 & 0.7890 as targets.
Comment: the RSI is mixed to bullish.

Gold spot Intraday: further advance.
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Pivot: 1329.00
Most Likely Scenario: long positions above 1329.00 with targets at 1343.00 & 1350.00 in extension.
Alternative scenario: below 1329.00 look for further downside with 1322.00 & 1316.00 as targets.
Comment: the RSI is bullish and calls for further advance.

Crude Oil (WTI) (V7) Intraday: key resistance at 47.65.
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Pivot: 47.65
Most Likely Scenario: short positions below 47.65 with targets at 46.90 & 46.55 in extension.
Alternative scenario: above 47.65 look for further upside with 47.95 & 48.20 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

S&P-ASX 200: bullish bias above 5640.00.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

• Pivot: 5640.00
  
• Our preference: long positions above 5640.00 with targets at 5835.00 & 5960.00 in extension.
  
• Alternative scenario: below 5640.00 look for further downside with 5575.00 & 5505.00 as targets.
  
• Comment: the RSI lacks downward momentum.
  

Commonwealth Bank Of Australia: under pressure.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

• Pivot: 80.55
  
• Our preference: short positions below 80.55 with targets at 72.60 & 69.40 in extension.
  
• Alternative scenario: above 80.55 look for further upside with 82.75 & 85.20 as targets.
  
• Comment: the RSI has broken down its 30 level. The 20-day moving average crossed below the 50-day one.
  

PowerShares DWA SmallCap Momentum Portfolio (DWAS)

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Further upside expected.

Regarding the chart:
* Prices have been trading within a bullish channel in place since April.
* On a short-term basis, prices broke above a falling broadening wedge pattern.
* Prices broke above their 50-day moving average.

Regarding technical indicators:
* The RSI broke above a bearish trend line.

Trading strategy
Buy @ $43.75 - Stop loss @ $42 - Target @ $44.7

S&P-ASX 200: bullish bias above 5640.00.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

• Pivot: 5640.00
  
• Our preference: long positions above 5640.00 with targets at 5835.00 & 5960.00 in extension.
  
• Alternative scenario: below 5640.00 look for further downside with 5575.00 & 5505.00 as targets.
  
• Comment: a support base at 5640.00 has formed and has allowed for a temporary stabilisation.
  

Fortescue Metals Group: the upside prevails.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

• Pivot: 5.40
  
• Our preference: long positions above 5.40 with targets at 6.45 & 6.85 in extension.
  
• Alternative scenario: below 5.40 look for further downside with 4.87 & 4.50 as targets.
  
• Comment: the RSI is supported by a rising trend line. The prices broke above the declining trend line and validated a reverse heard and shoulder pattern.
  

ETF Trends of the Week

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Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

PureFunds ISE Cyber Security ETF (HACK): break of a ST rising trendline support.
Pivot 29.65
Our Preference short positions below 29.65 with targets at 28.00 & 27.30 in extension.
Alternative Scenario above 29.65 look for further upside with 30.25 & 30.80 as targets.
Comment the RSI broke below a rising trend line.

S&P-ASX 200: bullish bias above 5640.00.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
Pivot: 5640.00
Our preference: long positions above 5640.00 with targets at 5835.00 & 5960.00 in extension.
Alternative scenario: below 5640.00 look for further downside with 5575.00 & 5505.00 as targets.
Comment: a support base at 5640.00 has formed and has allowed for a temporary stabilisation.

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Further downside expected.
Regarding the chart:
* Prices have been capped by a declining channel in place since December 2016.
* As long as prices remain within the channel, we expect further downside.

Regarding technical indicators:
* The RSI is capped by a bearish trend line.

Trading strategy
Short Sell @ $23.83 - Stop loss @ $26.3 - Target @ $21.5

S&P-ASX 200: the bias remains bullish.
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Pivot: 5640.00
Our preference: long positions above 5640.00 with targets at 5835.00 & 5960.00 in extension.
Alternative scenario: below 5640.00 look for further downside with 5575.00 & 5505.00 as targets.
Comment: a support base at 5640.00 has formed and has allowed for a temporary stabilisation.

S&P-ASX 200: bullish bias above 5640.00.

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Pivot: 5640.00
Our preference: long positions above 5640.00 with targets at 5835.00 & 5960.00 in extension.
Alternative scenario: below 5640.00 look for further downside with 5575.00 & 5505.00 as targets.
Comment: a support base at 5640.00 has formed and has allowed for a temporary stabilisation.

Rio Tinto: further advance.
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Pivot: 62.00
Our preference: long positions above 62.00 with targets at 69.70 & 72.00 in extension.
Alternative scenario: below 62.00 look for further downside with 59.90 & 56.50 as targets.
Comment: the RSI lacks downward momentum. The 50-day moving average is playing a support role. The downside potential should be limited by the key support at 62.0.

PowerShares DWA Energy Momentum Portfolio (PXI)
16:44 GMT - 12:44 NYT - 2 Aug 2017

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Capped by a declining trend line
Regarding the chart:
* Prices are ranging within a bearish channel in place since March.
* On a short-term basis, prices broke below a rising channel.

Regarding technical indicators:
* The RSI indicator broke below a bullish trend line.

Trading strategy
Short Sell @ $33.25 - Stop loss @ $35 - Target @ $31.65

First Trust ISE-Revere Natural Gas ETF (FCG): capped by a negative trend line.
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Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

• Pivot 21.8
  
• Our Preference short positions below 21.80 with targets at 20.05 & 19.20 in extension.
  
• Alternative Scenario above 21.80 look for further upside with 22.85 & 24.05 as targets.
  
• Comment the RSI is mixed to bearish.
  

ANZ Banking Group: rebound expected.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

• Pivot: 28.30
  
• Our preference: long positions above 28.30 with targets at 30.60 & 31.85 in extension.
  
• Alternative scenario: below 28.30 look for further downside with 27.15 & 26.00 as targets.
  
• Comment: the RSI is supported by a rising trend line. The stock recorded higher tops and higher bottoms since June. The 20-day moving average crossed above the 50-day one.
  

PureFunds ISE Cyber Security ETF (HACK): supported by a rising trend line.

• Pivot 29.35
  
• Our Preference long positions above 29.35 with targets at 31.35 & 31.95 in extension.
  
• Alternative Scenario below 29.35 look for further downside with 28.35 & 27.50 as targets.
  
• Comment the RSI is supported by a rising trend line. Prices broke above a falling wedge pattern.
  

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Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

AlphaClone Alternative Alpha ETF (ALFA): supported by a rising trend line.

• Pivot 39.5
  
• Our Preference long positions above 39.50 with targets at 42.25 & 43.58 in extension.
  
• Alternative Scenario below 39.50 look for further downside with 38.45 & 37.60 as targets.
  
• Comment the RSI is supported by a bullish trend line. The RSI broke above a symmetrical triangle pattern.
  

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Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Commonwealth Bank Of Australia: further advance.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

Pivot: 80.70
Our preference: long positions above 80.70 with targets at 87.70 & 90.00 in extension.
Alternative scenario: below 80.70 look for further downside with 77.60 & 75.00 as targets.
Comment: the RSI is bullish and calls for further upside. The stock recorded higher tops and higher bottoms since June. The 20-day moving average crossed above the 50-day one.

AMP Limited: further advance.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

• Pivot: 5.10
  
• Our preference: long positions above 5.10 with targets at 5.45 & 5.65 in extension.
  
• Alternative scenario: below 5.10 look for further downside with 4.90 & 4.73 as targets.
  
• Comment: the RSI is bullish and calls for further advance. The price broke above the upper boundary of the falling flag. The stock is supported by a bullish trend line. The 20-day moving average crossed above the 50-day one.
  

First Trust ISE-Revere Natural Gas ETF (FCG): capped by a negative trend line.
Pivot 21.5
Our Preference short positions below 21.50 with targets at 18.75 & 17.00 in extension.
Alternative Scenario above 21.50 look for further upside with 22.80 & 24.15 as targets.
Comment the RSI is capped by a bearish trend line.
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Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

PureFunds ISE Cyber Security ETF (HACK): supported by a rising trend line.
Pivot 29.35
Our Preference long positions above 29.35 with targets at 30.70 & 31.35 in extension.
Alternative Scenario below 29.35 look for further downside with 28.35 & 27.50 as targets.
Comment the RSI is mixed to bullish. Prices are about to break above a falling wedge pattern.
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Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

S&P-ASX 200: the bias remains bullish.
07.09.2017
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Pivot: 5640.00
Our preference: long positions above 5640.00 with targets at 5835.00 & 5960.00 in extension.
Alternative scenario: below 5640.00 look for further downside with 5575.00 & 5505.00 as targets.
Comment: a support base at 5640.00 has formed and has allowed for a temporary stabilisation.

Westpac Banking Corp: key resistance at 31.50.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 31.50
Our preference: short positions below 31.50 with targets at 29.00 & 28.30 in extension.
Alternative scenario: above 31.50 look for further upside with 32.10 & 33.30 as targets.
Comment: the upward potential is likely to be limited by the resistance at 31.50. The stock broke below the 20-period moving average. The 50-period moving average is playing a resistance role.

• chevron  First Trust ISE Chindia ETF
  
• chevron  First Trust ISE Cloud Computing ETF
  

First Trust ISE Chindia ETF (FNI): supported by a rising trend line.
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Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

• Pivot 34
  
• Our Preference long positions above 34.00 with targets at 36.50 & 38.00 in extension.
  
• Alternative Scenario below 34.00 look for further downside with 33.00 & 32.00 as targets.
  
• Comment the RSI is mixed to bullish.
  

First Trust ISE Cloud Computing ETF (SKYY): key resistance at 41.00.
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Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

• Pivot 41
  
• Our Preference short positions below 41.00 with targets at 37.75 & 37.00 in extension.
  
• Alternative Scenario above 41.00 look for further upside with 42.00 & 43.00 as targets.
  
• Comment the RSI is capped by a bearish trend line. Emergence of a bearish divergence.
  

Fortescue Metals Group: capped by a negative trend line.

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Pivot: 5.15
Our preference: short positions below 5.15 with targets at 4.16 & 3.87 in extension.
Alternative scenario: above 5.15 look for further upside with 5.50 & 6.00 as targets.
Comment: the RSI lacks upward momentum. The price is capped by a negative trend line sine February. The downward momentum is further reinforced by the declining 20-day and 50-day moving averages.

BlueScope Steel: rebound expected.
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Pivot: 11.10
Our preference: long positions above 11.10 with targets at 12.80 & 13.40 in extension.
Alternative scenario: below 11.10 look for further downside with 10.40 & 9.75 as targets.
Comment: the RSI broke above a declining trend line. The stock broke above the upper boundary of symmetric triangle. The 20-day moving average crossed above the 50-day one.

S&P-ASX 200: the downside prevails.

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Pivot: 5800.00
Our preference: short positions below 5800.00 with targets at 5575.00 & 5505.00 in extension.
Alternative scenario: above 5800.00 look for further upside with 5890.00 & 5960.00 as targets.
Comment: technically the RSI is below its neutrality area at 50.

S&P-ASX 200: under pressure.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

Pivot: 5836.00
Our preference: short positions below 5836.00 with targets at 5670.00 & 5575.00 in extension.
Alternative scenario: above 5836.00 look for further upside with 5960.00 & 6040.00 as targets.
Comment: the RSI lacks upward momentum.

Iluka Resources: supported by a rising trend line.
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Pivot: 8.35
Our preference: long positions above 8.35 with targets at 9.85 & 10.15 in extension.
Alternative scenario: below 8.35 look for further downside with 7.95 & 7.57 as targets.
Comment: the RSI shows upside momentum. The stock broke above the upper boundary of Bollinger Bands, which confirmed the continuation of the bullish trend. The prices are supported by a bullish trend line. The upward momentum is further reinforced by the rising 20-day and 50-day moving averages.

YieldShares High Income ETF (YYY): supported by a rising trend line.
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Pivot 19.1
Our Preference long positions above 19.10 with targets at 19.80 & 20.40 in extension.
Alternative Scenario below 19.10 look for further downside with 18.65 & 18.15 as targets.
Comment the RSI advocates for further upside.

Insurance Australia Group:

break of a ST rising trendline support.
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Pivot: 6.39
Our preference: short positions below 6.39 with targets at 5.95 & 5.80 in extension.
Alternative scenario: above 6.39 look for further upside with 6.56 & 6.70 as targets.
Comment: the RSI advocates for further decline. The stock broke below the short term rising trend line and 20-Day moving average.

S&P-ASX 200: under pressure.

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Pivot: 5960.00
Our preference: short positions below 5960.00 with targets at 5788.00 & 5670.00 in extension.
Alternative scenario: above 5960.00 look for further upside with 6040.00 & 6125.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 5960.00.

Westpac Banking Corp: further upside.
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Pivot: 34.00
Our preference: long positions above 34.00 with targets at 36.00 & 37.00 in extension.
Alternative scenario: below 34.00 look for further downside with 33.25 & 32.50 as targets.
Comment: the RSI is bullish and calls for further upside. The stock has broke above the upper boundary of the bearish trend channel. In addition, the prices supported by a rising trend line Since November 2016. The rising 20-period and 50-period moving averages are playing support role.

S&P-ASX 200: under pressure.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
Pivot: 5960.00
Our preference: short positions below 5960.00 with targets at 5670.00 & 5575.00 in extension.
Alternative scenario: above 5960.00 look for further upside with 6040.00 & 6125.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 5960.00.

Woodside Petroleum: supported by a rising trend line.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
Pivot: 31.50
Our preference: long positions above 31.50 with targets at 33.15 & 33.95 in extension.
Alternative scenario: below 31.50 look for further downside with 30.40 & 29.50 as targets.
Comment: The stock is supported by the bullish trend line since November. The former declining trend line and the rising 50-day moving average should support the prices. The key support at 31.5 should limit the downside potential.