Definitely on the watchlist for trades early next week as we should get a opportunity to catch these sell offs.. Ill be waiting and will try update before I take my position if the entry is there.
***This does not constitute financial advice of any kind as I am not licensed for such opinions*** The markets selloff on a shocking CPI print, but this is to be expected. The real shock comes when you realize how far we have to fall. S&P, DXY, and Gold are covered. The crypto markets may have their underbelly exposed to sunlight as an ominous development is set...
Review of the key levels in the major markets as the US continues to edge lower. CPI release spooked the market and saw the DOW futures dump 500 points ahead of the stock market open. Prices did bounce back into the open...in a strange sign of strength...before dumping again into the close. This created a fear based market as traders focus on inflation and a more...
Review of the key levels in the major markets as the US continues to melt down dragging others along with it. USD remains high while Oil, Gold and Cryptos take a beating. We may be seeing a major unwind of margin as traders get themselves in trouble and are forced to reduce risk. Key theme is around the USD and whether it continues higher above 104 (USD Index) or...
Looking at catch the next leg to the downside on GBPJPY to continue the overall sideways consolidation at this major resistance area. Ill be watching price from now and look for any confirmation around these current levels to take entry's, we are around the 50% retracement so even a little further push up would be ideal.
Still eyeing the area of 1.35500 for potential short positions. Price is creating a retracement in the mean time and once price can push a bit higher and show the sell confirmation signs ill look at taking short trades.
Morning Jumpstart Macro View and US market recap 31-01-22 US ended the week with a bang as bargain hunters went shopping to support the broader US market. Tech was again the favoured stocks which lifted the SP500 while the DOW lagged the enthusiasm. There may be some end of month window dressing on the cards also which may have provided some support. For a...
Just a quick video breakdown. As you can see a trend building here over the last few weeks, it's likely that trend will continue to true support. That level is very clear at $30k and looks to be pretty heavy support. It is possible we enter the winter and head into that $20k rang or possible a collapse tot he $12k range over a period of many months of volatility....
As the title says. I don't believe we are at the bottom but we are close so why wait? DCA is king here. Dry powder bombs are your aces so placing some orders in some low territories is a smart idea to scoop up those sales baby!
US markets saw a late session beating to push prices sharply lower into the close and continue the recent selloff. Watch the video for a more detailed breakdown on my Macro picture and key levels I am watching in major markets. Thanks for watching and please take some time to check out the website.
Looking for a rejection off the last supportive area that it broke at 115.700, a rejection from here would give a nice confirmation that we will get a decent sell off. BUT remember higher time frames we are still in a bullish market with this pair. If I get entry's my stop loss will be move very quickly to break even.
Asian markets remain looking heavy as the HSI and Nikkei Daily timeframes press lower. The US has been more resilient to negative news and remains focused on inflation and interest rates. The question is how much of the good news ie/ strong economy and bounce from pandemic lows has been factored in to price action in the US. If the US start to take a hit, then...
The Nikkei and Hang Seng along with my local ASX200 are well under pressure today and may see further downside in coming sessions. In the video I take a look at the daily charts for my major Indexes and discuss where I see the risk and how I will look to trade any downside if this weakness continues.
NASDAQ:EMB As a way to get exposure to the China housing debacle.... I go over my chart on a new position I opened that has relatively low volatility considering the weight of exposure it may have to the chinese housing collapse.
Here is what stocks we are watching for this week! NASDAQ:NVDA Currently range bounce with a support of $518. Will looks to take puts on a move under that 518 level. NYSE:GS Looking at a double top on the daily level. Looking to take puts under the $388 level NASDAQ:CRWD Clean bear flag showing on the daily chart. If we get more selling in tech this...
Here we go over what stocks we are watching for next week as well as a quick recap of the overall market and last week's video! NASDAQ:TSLA NASDAQ:ATVI NYSE:SNAP NASDAQ:PYPL NASDAQ:AMD NASDAQ:SBUX AMEX:JETS AMEX:SPY NASDAQ:QQQ
Only time will tell..
Weakness in the chart: 1. Downbar high volume from the top 2. Sell-Off high volume 3. Below 20/40ma Hit the "LIKE" button to support us :) Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock