Short USD/JPY?

 
 

DB bearish on fundamentals

WMT Monthly

 


Wave 4 consolidation complete on a 9 not too far from fibo 34.6 projection? Target old highs and then 105.55? Rally from here will trigger MACD slingshot trend re-entry pattern. RSI rallied from oversold level to make a higher high. Slow stochastics turning higher (and bullish cross) from v oversold level last seen ahead of major advance starting 96. 

WMT Weekly

 



Nothing too wrong with weekly chart. Failed at TDST resistance and setup count is an 8. Would be nice if it breaks TDST in qualified way on a 9 count (in which case likely continues to rally up till a 13 seq countdown). 

DB bullish yen

Link here

WMT Daily

 



Took profits today from purchase in sep.

Price flip and break of MA on TDREI down following 13 sequential sell signal after price hit fibo target from TDWave projection. Bearish MACD cross following histogram divergence. RSI broken down.

Look to repurchase around 45.5 to 46.5 - old TDST levels from Sep and earlier this month. Trend-line support and 50% retracement of rally.


 

Bloomberg on Bridgewater

Bloomberg.com: Top Worldwide: "Nov. 29 (Bloomberg) -- One day in the early 1980s, a young trader named Ray Dalio placed a bet in the bond market. Then he reached for a yellow pad of paper.

Dalio, who'd been fired years earlier by Sanford Weill, the deal maker who would go on to build Citigroup Inc., jotted down the reason for his trade. Now 56, Dalio says he doesn't remember what he wrote that day -- maybe something about inflation. From then on, when Dalio made a trade, he'd grab his pad and start writing. ``Eventually, I had this pad of rules,'' he says.

That handwritten list of trading axioms became the blueprint for Bridgewater Associates Inc., the $141 billion money management firm that Dalio runs out of an anonymous, glass-and-stone building in the woods in Westport, Connecticut."