Summary: The market continued to correct as the US Dollar strengthened and Treasury yields rose on Friday. Defensive sectors in the S&P 500 gained while other sectors sank.
Notes
A brief update today due to holidays and travel. I will be traveling for the next week as well but will try to keep the Daily Market Update going.
Ideas always welcome in the...
So many similarities...
1. Mass participation of retail
2. Enthusiasm about new technology! it was .com back then it is crypto now!
3. Failed IPOs/SPACs
4. Is it that obvious??? We just don't fight the FED? no technical analysis, no fundamental, no politics, NOTHING???
5. Can the bomb fall twice in the same place?
Let's all short Nasdaq and make money right???...
Legend
=================
TL Swing ,
H S&R ,
DB/DT (F BO)
---------------------------------------------------------------
Check List:
------------------
1) 3T TL BO
2) DB/DT & F BO
3) H S&R BO
4) Sustain above S&R and special bar @ option chart
(Big bar, Pin bar, Inside / outside bar)
5) HH Entry
6) Compare Nifty & BN enter when form good...
Comment :
1) Nasdaq Index has came to (e) Lv-2 target. Will it be rebound on Lv-2 or breakdown further more?
2) FundFlow+ indicator - Fund flow trend going downward
3) Tricol+ indicator - no banker-/weak- sentiment
Support & Resistance :
S : 12070
Remark :
- Length of ab = cd = de = ef
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a...
Summary: The Wednesday rally did not last and in a whiplash move markets sold off on Thursday, with some of the worst single-day losses since 2020.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
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Thursday, May 5, 2022
Facts: -4.99%, Volume...
The investors have been panicking about rate hike, Russian war, oil price, inflation and recession for a couple of months. Recently the traditional 'collapse after rate hike' has become 'panic before rate hike, rally after rate hike'. This is because the fed has been more communicative about the rate hike, and the market is full of investors who try to be the...
Today i think the Contrarian Investing is a good idea: "Buy When There's Blood in the Streets".
IXIC has entered the strong support/volume area which is a buy opportunity in my opinion for a reversal.
The next resistance is 13625.
Looking forward to read your opinion about it.
Summary: Jerome Powell gave unexpected but specific guidance on not only today's interest rate hikes, but also the next two. In addition, the specifics around reducing the balance sheet helped squash the fear that the Fed would move too fast.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in...
Summary: There was less choppiness in a lighter volume trading day as investors way for the Fed interest rate decision on Wednesday.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
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Tuesday, May 3, 2022
Facts: +0.22%, Volume lower, Closing Range:...
Summary: A late rally helped stocks close higher on Monday as long-term Treasuries rose above 3% ahead of the Fed meeting this week.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
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Monday, May 2, 2022
Facts: +1.63%, Volume higher, Closing Range:...
First of all, allow us to brag about calculating the 16,300 Top back in June 2021:
We will revert with a new chart, trying to estimate the bottom, but only after the rate hike decision.
For the time being, here is our Nasdaq chart with some interesting, historical analysis.
We have been experiencing a major correction in the past weeks and the question is how...
Summary: Strong earnings from big tech helped boost the stock market on Thursday, led by Meta, PayPal and Qualcomm.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
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Thursday, April 28, 2022
Facts: +3.06%, Volume higher, Closing Range: 83%, Body:...
INDEX ANALYSIS: All three index caught a nice bounce off the floor today with the Crypto Index (right) still having exhibited the least downside skew as illustrated by the ARENA (top) indicator, never crossing -1 standard deviation to the downside. When looking at the Nasdaq (left) and SPX (center) we can see that both indexes recently breached -1 standard...
