Nonfarm Payrolls (NFP) are projected to rise by 140,000 in September, matching August's pace and pushing the three-month average job gains to the weakest level since mid-2019. The NFP data is due this Friday. At the same time, a major labor disruption is underway. Dockworkers at 14 key ports, handling roughly half of U.S. trade, have launched an indefinite...
Looking at the H4 chart, my overall bias for CRWD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 107.57, where the overlap support is. Stop loss will be at 92.32, where the previous swing low is. Take profit will be at 125.48, where the market gap and resistance level is. Any...
CNI is a Canadian Rail company. With the possible strike in the US, this company can help take goods from China to the east part of North America. Technically it is a solid performer with good recent earnings. This is a slow but steady mover low beta ignores the general stock market and a recession will have little impact. In the past month no matter...
STRK has been following this wedge for some time now, seemingly has a pattern of testing support around 0.00111000 and then breaking above the 200EMA on the 4 hour chart.
DB on snap ?? hmm..
Here's a possible short on XRPUSDT, I think that we're seeing a bear flag here.
I like this coin and their new , very promising project called STRIKE (i have a link in my signature below) Strike, a popular bitcoin (BTC) banking service by US-based Bitcoin Lightning startup Zap, aims to have their Strike Cards rolled out in countries on two continents in the first half of 2021. Sending euros or dollars or pounds or bitcoin instantly and...
Watchlist Price in a rectangle pattern See if price can break the top and move up 22c looks to be the key level Trading above 21EMA
Despite the fact that GM is expectin things to be back to normal in a few more weeks, the strike cost General Motors has already reached $2 billion in production and cost employees nearly $1 billion in wages. One of the custimers said one vehicle was in the shop for 28 days waiting on one part to come in. Quick reminder: United Automobile Workers (UAW) has...
Another big news story this weekend: GM employees begin strike this evening (Sunday). I think fundamentally this will hurt GM short term, and provide for some good shorting opportunities. I will watch it in the morning, as I expect a gap down. I then may enter on a retest to ride it down further ... Possibly to the next big support area.
I expect Brazilian strikes will last for +/- 2 weeks more. So all local stocks can down more. Expect VALE to down until $12,8-13,15... then BUY.
Although the banking sector has largely had a rally since the Presidential election, regulatory headwinds and near-term fundamental outlook and projections have seemed bleak for Citigroup’s growth potential. Long-term, the stock is a great purchase at a somewhat discounted price to its recent trading, but for our swing strategy, the latest break to the downside...
If weekly candle closes at 2.67+, the weekly downtrend ( from 2013 !!) will be broken, and with the 4H stoch-rsi turning up, its very possible. The weekly Stoch RSI is also turning back up, so momentum is yet to come. Daily indicators are neutral. Right now, the big resistance area is obviously 2.74. IF we pass this level the algo's will probably pop it to $2.8+...