We have the chart here that shows the beginning of the Great Depression in 1929. Do you see it? Compare it to the current dow jones history. I see an almost 1: 1 same course. Well, just a little suggestion.
Tip: After that it went down another 3 years.
Electronics chain Best Buy has been working hard not to become a dinosaur in the retail ecosystem. Following the model of larger rivals like Wal-Mart Stores and Target , BBY has used new services like product support and in-store pickup to keep shoppers in its locations.
The change worked last quarter, driving the stock decisively above $78 for the first time in...
Pretty nice reaction on yesterday's Point of control.
What is Point of Control?
Point of Control (POC) – The price level for the time period with the highest traded volume.
Point of control watch BIG institutions, banks, investment funds, etc.
Want to know more? Or want to trade like PRO? Then watch Point of control too in your trading..
Have a nice BLACK...
While we shouldn't expect any moments of high volatility today during shortened US trading hours (also in bonds/yields), we will project what is to come in the USD/JPY over the next week of trading.
With the ISM Manufacturing (Monday) and Non-Manufacturing (Wednesday), ADP (also on Wednesday) and Non-Farm-Payrolls (Friday), the main focus will stay on the...
In today’s market insights I talk about YouGov’s MRP (multi-level regression and post-stratification) poll and how predicting UK’s vote share with 93% accuracy in the past supports the British Pound!
Aside from politics potentially moving the UK markets today, we have important GDP data coming out from Canada too. And this is likely to affect loonie.
What are your thoughts around the current price?
If we break the low of yesterday's candle I can see a move lower. That being said, Bitcoin has a mind of its own. As a trader I just stick to my rules, I try not to think but act upon the checklists I work from. If it breaks higher (which I would love) then the option for today to short is lost.
It's hard but as...
For my trading is so important have more confirmation for my trades.
Like in this case...
1. I see Strong S/R zone from the past
2. Pretty good volume cluster with significant POC ( Point of control )
3. Weak highs of the market.. Where i expect breakthrough in direction my long trade
As we are in the Black Friday week, let's look at the last year's price action, we had a great bullish run through the week on the sales during the week. Followed by a massive sell-off that lasted till Christmas.
As JPY pairs were not particularly moving in November, we are facing potentially the last week before liquidity and volatility returns to JPY.
Price reductions started from the end of January to the present day. We assume that the price will not look for a lower support of $ 4,000.
If you have the extra money, the investment in Crypto currency is much better than the buzz of electronics and electrical appliances that you hardly will use much.
I wish you cheerful shopping :)