DevilTrader168

HSI is likely to gap higher today amid delay of extra tariffs on Chinese goods. President Donald Trump said he was postponing the imposition of 5% extra tariffs on Chinese goods by two weeks, a move that delays the next escalation of the trade war and brightens the backdrop for upcoming trade negotiations. “At the request of the Vice Premier of China, Liu He, and...

Short term Hong Kong - Hang Seng has broken the ceiling of the falling trend in the short term, which indicates a slower initial falling rate. The index has support at points 26300 and resistance at points 26800-27000. The RSI curve shows a rising trend, which could be an early signal for the start of a rising trend for the price as well. The index is overall...

I concluded 8 crucial factors to determine the direction of the HK stock markets: 1. Tension of US-China Trade War: Negative 2. Inverted Yield Curve: Negative (Recession Worry) 3. Political Environment and Sentiment: Negative 4. Fed’s Dovish Tone: Positive 5. Leading Economic Data: Negative 6. Companys’ Earnings: Neutral to Negative 7. Liquidity and Fund Flows:...

NEW YORK (Reuters) - Wall Street tumbled on Friday after the U.S.-China trade war escalated in dramatic fashion, with President Donald Trump demanding that American companies seek alternatives to doing business with China after Beijing announced its own slate of retaliatory measures. The latest exchanges in the long-running tariff row triggered a broad-based...

Gold futures succeeded to touch our s-t target at 1540 and shows more bullish bias that supports the expectations of continuing the bullish trend in the upcoming period, and we believe that the way is open to achieve our next target at 1560-1580, to continue suggesting the bullish trend that moves inside the bullish channel that appears on the chart, reminding you...

Strong technical pullback for the third day. Will add short near 26500...

HSI broke the triangle consolidation zone. Next downside target 26000 - 26600...

There is a high probability that the recent strong V-shape rebound might end near 2800-2820 level. I think the markets need a healthy pull-back before challenging a much higher level. Let's see...

Quoted From CNBC: "Bank of America-Merrill Lynch believes it's premature to call an end to the market correction. Although stocks on Friday closed out 5 straight weeks of gains, Stephen Suttmeier, the firm's chief equity technical strategist, is telling investors that stocks are still in the throes of a cyclical bear market. According to Suttmeier, the S&P 500...

US Stocks have recovered more than half their losses, rising much more gently and deliberately, when compared to the wild selloff that took the market down as much as 20 percent in December. On January we observed that the market could have hit a bottom in late December, though some strategists still expect a retest of the lows on the worry of weak global economic...

Stock markets need a healthy pull back and might reverse near crucial resistance level in coming days. Personally, I think S&P 500 will lose momentum at above 2625 and will mean reverse near its neckline resistance as markets already pricing in the good results on US-China Trade Talk and Fed's dovish moves.

Expect a short-term pull back near 26100 level after a strong bounce from below 25000 to 26600, and probably challenge a higher level again. Market is still optimistic on US-China trade talk and expecting a pause in QT by Fed this year. Let's see...

Global stock markets sold off on Thursday after a warning from tech giant Apple Inc about slowing China sales, while data this week showed manufacturing activity shrank in December for the first time in more than two years. But HK markets failed to follow suit on Friday morning as A shares quickly bounced back from the low bottom amid smart money came in to...

HSI fell on the first trading day of 2019 as evidence of slowing Chinese growth weighed on investors already reeling from the worst year for global equities since the financial crisis. HSI futures touched 25000 support after releasing of the weaker than expected China Manufacturing data; the Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) for December...

Name S3 S2 S1 Pivot...

Apple (NASDAQ: AAPL) was very conservative in its projection for the holiday quarter, so it is likely to make the guidance and has the possibility of exceeding quarterly guidance of higher-end models has partially offset the lower volume. This performance should lead to a recovery in the depressed stock price. Can the trend reverse in 2019 and bounce back to $185...

HSI gapped up this morning and broke hourly trendline resistance as the market got some relief on the last day of 2018 after U.S. President Donald Trump reported “big progress” in trade talks with his Chinese counterpart. Short cover if price breaks 26000...

From a technical and Fibonacci angle, we should see a halt of the recent deep correction near $250 (i.e. 0.764% correction of the 2017's bull run started from $180 to $475). The 2018's correction was widely expected and from the previous historical data of the two big corrections of Tencent, a 40%-50% drop from all-time high should attract bargain hunters to...