1. Market has gapped up in overnight trading and bullish moves accelerate on Non-Farm payrolls. NFP disappoints, so retail traders think the market should come down, as prices rise, they flip chasing the markets higher. When they are all fully long, the market makers pull their bids/support, when the overnight inventory/supply is bought up by the retail traders....
SPX seems to be showing a setup for a possible bear flag/pennant formation on SPX.
Entry for short will be around 3840. Stop loss roughly 10 usd above.
Schedule for this is today or tomorrow. Either way, should resolve by the weekend if I'm right.
I place the start of the bear flag 4th march at 0330 GMT because the MA's started forming the signature pattern at...
Tesla Motors Inc. had a great 2020 as we all know by now. They produced 500k cars as provided in their forward statement of 2019, they had a free cash flow record of $2.8 billions , industry leading 6.3% operating margin and they have secured $19.8 billions in the bank.
On February 15th, the bullish news are continuing as Tesla pushes an entry in the huge Indian...
The S&P U.S. Government & Corporate Bond Index seeks to track the performance of U.S. dollar-denominated debt publicly issued in the U.S. domestic market, including U.S. Treasury, U.S. agency, and investment-grade corporate securities.
In Spain on 01/24/2021
Hey, we made it through this week! Choppy on precious metals, currencies and indices finally had a minor little pull-back.
I did an analysis this past the last time with the possibilities we reach the previous ATH areas - and we did and we went past it and made another all time high...Let me explain what's going on...!
Firstly, let's look at technical aspects...
the daily chart of this market shows that it will experience a downward trend in the next few days but at the same time you must be vigilant of the change of this market towards the opposite direction
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The rate of SNP at which recovered since the bottom on March 23rd 2020 is regressing into a logarithmic recovery (see blue line), which is similar to the bottom of December 2018, although not as steep as 2020.
In 2018 the recovery stopped when we reached the previous high around $2,940, then we saw a a fibonacci retracement to the second level ~$2,726 .
Possibly..could be time to de-risk...!
I was overal bullish when it comes to equities - However, when things start to look a little over extended it's when I start to take positions off (De-risking) and I start to think of opportunities of - perhaps sell opportunity and where could be the next pull back for me to add a position on.
With trading you can create a...
Currently, EU leaders are discussing the possibility of a Corona Virus Stimulus package; with there being a standstill between the frugal four (Austria,Netherlands,Sweden,Denmark) and the "Club Med" members (Greece,Italy and France) whom want the stimulus to be treated as a grant but the frugal four disagree.
As discussions go on, and the lack of news in the...