Full Time Employment
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Chinese regulatory crackdown is an exceptionally interesting phenomenon. Recently it got even more interesting as Xi Jinping, probably expecting the necessity of Evergrande bailout, suggested smoothing excessive incomes. Surprising? No. Some growth of populism has been seen in General Secretary’s actions for at least a year.
My prediction for upcoming months is...
LVMH is seated to do significantly well off the back of multiple positive trends for luxury market customers.
agressive mergers and positive financial markets all give steam to the ballistic profile.
prediction: LVMH will break 800 end+of+year
A good opportunity has been detected on the LVMH stock.
After strong upward movement on the LVMH stock, the price
found resistance on a strong resistance level, pulled back and
is currently correcting to the downside.
We are expecting the price to reach approximately the 390.500 price
area, where we have a 50.0% Fibonacci retracement level, a...
Super strong resistance up there at 362.60.
Atfer a series of testing the market breaks the uptrend support
to end out breaking also the VWAP with strong volumes as a backup.
Last volume is the biggest and the tentative of new uptrend signal has been rejected at the VWAP.
- Most likely a bearish movement targeting first the 328.30...
Is the market too complacent on Conorona Virus?: the market anticipates, the crisis is only temporary and should soon be behind us. It will be important monitor the evolution of infected cases and other headlines on suspended activities in China (closed shops, airport traffic etc…). Further deterioration of the situation could change the market belief.
Long LVMH short Swatch, neutral/short CFR thesis continued...
Swiss watch exports grew by 1.5% for Oct’19, slowing from +10.4% in the Sep’19. The main contributor to the slowdown was Hong Kong, which declined by 29.7% y/y. This decline is in line with luxury revenue and retail sales growth in Hong Kong. Estimates that exports to Greater China declined by 10%...
Swiss Watch exports in Sep 2019 increased 10.2% YoY, improving from 1,7% in the previous month - benefitting from a low base and strong performance in Asian markets ex HK. LMVH reported that disruption in HK is not necessarily being offset in neighboring Asian markets an deman was stable from H1'19. LMVH further stated a 40% decline in HK sales in August and...
Here on D chart we have Evening Start technical formation, RSI at his overbought level, and the price/MA200 difference is 10.6%.
On W chart I have one more nail- divergence.
My play is sell short.
Negative out at 400,
Positive out at 325
Our Proprietary Trading System indicates the following:
The Primary Trend (PT) given by the Global Monthly TIME BAR (GMTB) is currently Bullish
The Secondary Trend (ST), given by the Global Weekly TIME BAR (GWTB) is currently Bullish
The Medium Term Trend (MTT), given by the Global Daily TIME BAR (GDTB) is currently Bullish
The Short Term Trend (STT), given by...