Have been speaking about the equities showing interesting exhaustion patterns. Well, we had the break and quite the run lower. Today, the day before the Fed, we have had a move up. Many already saying look how strong the market is, shaking off fears of the coronavirus and other world events. Not so fast, market structure was expecting this pullback, and until we...
If the Coronavirus spread isn’t being contained, we are poised to see dramatic consequences for the global economy. Should spy get below 320 support line. Go short, with the stop above it. Good luck everyone, like, comment, subscribe!
I reevaluated the falling wedge and it occurred to me. This was was a failed wedge that created a new falling wedge ( Note Dark Gray lines vs. White lines). Here are my latest notes: -The Last 2 days have show a strong support around $ 0.77 which is also the 50 day MA. -Stochastic: Showing a strong Divergence as well as being oversold. -On Balance Volume: Still...
All indications fro our system say that Sp500 and other indcies should be moving lower.. connect that with coronavirus (airline & travel shares) and you have a recepie for selling :D
Reports of the death toll from the Wuhan coronavirus hitting the 100 marks against the 4,500 confirmed cases brought more bears to the markets’ yard today. And, with no major economic data on the chit, traders ran with the global risk sentiment for most of the Asian session. The prospect of reduced economic hit the Australian and New Zealand dollars, with the...
The coronavirus epidemic is gaining momentum. At least, according to statistics. The number of deaths is already close to 100, and the number of cases is close to 3,000. China is forced to react harder. The magnitude of the effects on the economy is growing exponentially. Lunar New Year celebrations are extended for at least 3 more days. Actually, more than one...
Coronavirus can be as negative as positive to the stock market. Considering the fact that fabrics have stopped, we might see some downside movement in companies like Apple. Stocks of airlines and travel companies were sharply lower amid freezes on travel into and out of the world's second largest economy, while companies with an indirect exposure to Chinese...
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Bitcoin is known for volatility, but its trading range has narrowed considerably in recent months. That can indicate a change in character as buyers and sellers reach an equilibrium. It also fits into the apparently bullish structure of BTC since December, as cited in earlier ideas. The interesting thing about today's behavior is that BTC's Average True...
The MCHI China index has been plummeting due to the coronavirus outbreak, which has many Chinese cities on lockdown today. Also hard-hit by the coronavirus outbreak are shipping companies and airline companies and the crude oil producers who serve them. The odds are good that the story will get worse before it gets better. Not only are we likely to see more...
Last week was marked by meetings of the Bank of Japan, Bank of Canada and the ECB. The first wave of decisions showed that the central banks are not yet ready for any changes in monetary policy. You can understand them: at the current rate of economic growth, raising the rate is impractical, and there is nowhere to lower it (at least in the case of the Bank of...
With the emrgence and diffusion of the deadly Coronavirus, we already see that Airline stocks, together with Hotels (suchs as Melia), oil prices and luxury products are exposed to the negative impact. In this context it is crucial to follow the topic. According to USA today, the coronavirus has killed more than two dozen people and infected more than 800, with...
I feel that the Dow Jones is far over extended on value. Most of the stocks are running well beyond what earnings should allow. Now we have the Corona Virus effecting the globe much more than the news will admit. If China's economy was on the tipping point of collapse as some suspect, will this be enough to push them over the edge. If China begins to collapse in...
Gestamp technical aspect is quite bearish. It may either try to rebounce to 4.14 or 4.08 to go straight down again if no good news about the company are issued. Besides, Gestamp has nine plants in China, one of them in Wuhan, which employs about 270 workers and specializes in chassis and bodies. The plant is closed for the Chinese New Year, which has paralyzed or...
Casualties increase in BitMEXico after 2 Barts from Wuhan Province spread their infectious disease in the market. Diarrhea is said to be a common symptom of traders infected by the Corona Virus as the price charts indicate traders have been taking more dumps in the market. Short for cheaper BATCoin.
Technicals on the daily show a potential short coming our way. fundamentals: With the coronavirus going on, drop shipping has the potential to suffer because of all the products coming from China. I see the US potentially banning all China E packets from entering the country for a temporary time if stuff does get serious.
feds are not doing "QE" ;) lol if lil rockets couldnt disrupt the market , whats a beer flu gonna do ?
NNVC news Flu vaccine makers' stocks jump following the outbreak of coronavirus from China. World Health Organization accelerates diagnostics, vaccines, therapeutics for coronavirus. There are 2 main stocks trading on heavy volume caused directly by this new possible pandemic: CODX NNVC