Szeyee_L

Szeyee_L

Market Updates at a Glance 27/6/22 (Monday)🌎 ➤A bounce in U.S. stocks last week snapped a three-week losing streak amid the improved sentiment as investors weighed the latest data that might temper an aggressive rate hike. U.S. existing home sales declined by 3.4% less than expected (3.7%). Eyeing US ISM manufacturing report Dow 31,500 + 4.76%, S&P 3,911 +5.21%...

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Market Updates at a Glance 08/6/22 (Wednesday)🌎 ➤Wall Street stocks rose for the second consecutive day led by the energy sector with improving risk appetite helped by the pullback in VIX (Fear Index) ahead of Friday's key data CPI. VIX 24, Dow +0.80%, S&P +0.95% & Nasdaq +0.94%. ☛Note: technical outlook improves, a bull pennant is developing in S&P futures but...

Szeyee_L

Seeing a Bear Flag formation in the USTUSD 4H chart, more to come?

Szeyee_L

Market Updates at a Glance 22/4/22 (Friday)🌎 ☛U.S. Stock Market Rallies Fade. Will Investors Sell in May and go away? ➤U.S stocks lurched lower as Treasury Yields jumped across the curve, reaffirming the expectations for more hawkish monetary tightening plans by the Federal Reserve. Dow -1.05%, S&P 500 -1.48% and Nasdaq -2.07%. Nasdaq Technical Side: -Head &...

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Market Updates at a Glance 21/4/22 (Thursday)🌎 ➤U.S. stocks closed mixed weighed by weakness in tech names and investors continued to digest the earnings report. Dow +0.71%, S&P 500 -0.06% & Nasdaq -1.22%. Netflix tumbled almost 40% after a massive subscriber loss. ➤The US dollar index retreated to 100.34 after hitting as high as 101.03 in the intraday session....

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Market Updates at a Glance: 14 April 2022 (Thursday)🌎 ➤U.S. stocks rallied in light of the unofficial start of the first-quarter earnings season. Dow +1.01%, S&P 500 +1.12% & Nasdaq +2.03%. ☛On technical front: S&P 500 Yesterday's candle bounced at kijun-sen (blue dynamic line-ichimoku analysis). Looking for lower highs as part of the bearish...

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Market Updates at a Glance: 11 April 2022 (Monday)🌎 ☛US Dollar Index Probes over 100 for the first time in nearly two years. ➤U.S stocks traded mixed, with Nasdaq Leading the downside as Fed laid out aggressive policy plans. Rising interest rates are negative for growth stocks. Dow +0.4%, S&P 500 -0.27% & Nasdaq -1.34%. ➤The US dollar index retreated to 99.84...

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Market Updates at a Glance: 08 April 2022 (Friday)🌎 ☛U.S stocks Rebound Slightly After Fed Minutes. US Dollar Index New High, Inches towards 100 Resistance Level. ➤U.S stocks ended slightly higher after two days of losses with Dow +0.25%, S&P 500 +0.42% & Nasdaq +0.06%. ☛On the technical front for S&P 500 -S&P 500 rebounded at cloud support. -Market is testing...

Szeyee_L

Market Updates at a Glance: 07 April 2022 (Thursday)🌎 ☛U.S stocks slips after the Hawkish Fed Minutes and Recession Fears. ➤U.S stocks lurched lower for a second straight session with Dow -0.42%, S&P 500 -0.97% and Nasdaq -2.22% after the Fed minutes sharpened investors' focus on a more aggressive tightening path. Fed signaled for faster pace interest rate hikes...

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Market Updates at a Glance: 05 April 2022 (Tuesday)🌎 ☛U.S Stocks Extended the Gains as Risk Sentiment Continues Its Recovery. Does Inverted Yield Curve Guarantee a Recession? ➤U.S stocks continued higher with Dow +0.3%, S&P 500 +0.81% and Nasdaq +1.90%. Strong Rally in tech stocks, led by Twitter +27% as musk disclosed a 9.2% stake, offset the concerns about...

Szeyee_L

Market Updates at a Glance: 29 March 2022 (Tuesday)🌎 ☛U.S Stocks Fueled by Improving Sentiment. Eyeing the Further Flattening & Inversion Yield Curve. ➤US stocks continued higher with Dow +0.27%, S&P 500 +0.71% and Nasdaq +1.31% and VIX dropping below 20. A strong rally in Tesla & meme stocks lifted the risk sentiment. ➤The US dollar index broke out of the...

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Market Updates at a Glance: 24 March 2022 (Thursday)🌎 ☛US stocks Show Signs of Weakness. How far Can It Drop? ➤US stocks tumbled more than 1%, with Dow -1.29%, S&P 500 -1.23% & Nasdaq -1.32%. ☛On Technical Front: -S&P 500 failed at the first test of 200-day moving average. Need an additional candle as a confirmation. -Nearest support: 4383-4410, 4300 (head &...

Szeyee_L

Market Updates at a Glance: 23 March 2022 (Wednesday)🌎 ☛Market Fueled by Risk-On Move. USDJPY Surged into Overbought Territory and Testing the Resistance Zone. ➤US stocks extended the recoveries despite the aggressive rate hike expectation, with Dow +0.74%, S&P 500 +1.13% and Nasdaq +1.95%. It has been rallying more than 8% since the max pain week. ➤The US...

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Market Updates at a Glance: 22 March 2022 (Tuesday)🌎 ☛U.S Stocks Subdued, Yields Rise as Inflation Jitters Loom ➤US stocks subdued on Monday after FED chairman Powell's comments that sparked bets of more aggressive interest rate hikes, with Dow -0.58%, S&P 500 -0.04% & Nasdaq -0.40%. ➤The US dollar index was up to 98.48, helped by the rising Treasury yields...

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Market Updates at a Glance: 18 March 2022 (Friday)🌎 ☛U.S Stocks Fueled by Risk-On Move. Eyeing the Flattening Yield Curve. ➤US stocks continued higher on Thursday despite Fed's hawkish stance. Fed raised interest rate for the first time in 3years yesterday and signaled another 6 this year. ➤The US dollar index extended the decline to near 98 as market digested...

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Market Updates at a Glance: 17 March 2022 (Thursday)🌎 ➤US stocks soared with Dow +1.55%, S&P 500 +2.24% and Nasdaq +3.77%. Fed raised interest rate for the first time since 2018, to 25bps on market expectation, but forecasting more aggressive hike path to contain inflation. ☛On Technical Front: ➤Bellwether S&P 500 futures: Prices break out from the Falling...

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☛U.S stock Face Whipsaw Risk with Potential Headwinds from FOMC & OPEX. ➤US stocks rallied with Dow +1.82%, S&P 500 +2.14% & Nasdaq +2.92%. U.S February PPI (Producer Price Index) increased+0.8% (actual) vs. +1.0% (estimate), rose 10% annually. PPI serves as a leading indicator for the CPI. ☛SY's view: -S&P 500 is still below the neckline of the head &...

Szeyee_L

☛A Dampened Market Sentiment Spurred Demand for USD. FOMC in Focus. ➤US stocks ended slightly lower with Dow -0.69%, S&P 500 -1.30% & Nasdaq -2.18%. U.S Consumer Sentiment tumbled, near 11-year low as market worries about inflation, soaring oil prices, Fed tightening, and Russia-Ukraine war. ☛SY's view: -my bias remains bearish but concerned that the current...