jonesrj

jonesrj Oct 30, 2024

Expect price pullback over the next year+ timeframe.

jonesrj Oct 11, 2019

A clear pattern is showing -- at least for the two previous recessions -- when looking at the 3-month yield on monthly chart. The long stochastic has given strong indication twice before and is signaling imminent recession again. We'll see how it plays out, but I am more convinced than ever recession is very near and may have already begun.

jonesrj Aug 23, 2018

Expect oil to test broken trendline resistance and fail around $72. Can short from there to convergence of lower trendline support and price structure around $60. Longer term it looks like oil is heading for a trading range.

jonesrj Jul 30, 2018

Spread is currently at 30 basis points, the lowest it has been since 2005 and 1999. Both times a major recession followed. Exact timing for the bottoming of the yield spread and the S&P500 peak can vary. A recession is on the way, but until the yield spread bottoms, it will pay to stay long the market.

jonesrj Sep 14, 2017

Sold USDJPY at 110.50 with a 30 pip stop loss and target profit of 240 pips. 110.50 looks like a strong resistance level. Stochastic crossover on 1h chart confirms bearish price action.

jonesrj Aug 22, 2017

Expect a drop in T Mobile.

jonesrj Jun 12, 2017

MCD short setup is working nicely. Sell the pullbacks.

jonesrj Jun 6, 2017

Long the USD in the 96.50 to 95.50 range on bullish action.

jonesrj May 3, 2017

First profit level is near $51.25 and next is near $53.70. Stop loss near $46.25. Enter on small timeframe price action.

jonesrj Apr 7, 2017

I am looking for oil to pull back to near $50, looking for a short entry near $53.

jonesrj Feb 22, 2017

Buy the breakout above $135.

jonesrj Feb 3, 2017

Copper looks to be near a nice entry point with two pretty clear upside targets near $2.90 and $3.25

jonesrj Jan 31, 2017

IWM is currently stuck in a trading range 133.50 to 138. A close below 133 would likely be followed by a move lower to support at 130 in the short term. A close above the range would indicate another leg up.

jonesrj Jan 30, 2017

The dollar is very near a key support level which was tested and held in December.

jonesrj Updated  Jan 27, 2017

A period of consolidation after the trend reversal in March 2016 is ready for a breakout. Current view is neutral on oil but a breakout is coming soon and could lead to trading opportunities.

jonesrj Jan 26, 2017

The long term view of JPM seems like it is poised for a short. I don't have the guts to put on a big short here, but I'm not buying yet either. Economic policy expectations seems to favor accelerated interest rate increases which should be a positive for banks.

jonesrj Dec 2, 2016

IBB has traded into a potential reversal zone and I am watching the 1h chart for reversal candles somewhere between 270 and 264. I will be ready to take a long position then.

jonesrj Nov 10, 2016

AAPL broke the uptrend support, then failed the retest.