The 4h chart of the Nasdaq100 could be approaching an overbought level, where the 50.00 Fibonacci retracement, a large technical NDX structure resistance area and diagonal trendline could become the chart technical points for a sell-signal drifting lower off overbought levels. Particular attention required for the Treasuries yield curve inversion and consistent...
The 1h time scale chart of INTEL shares seems oversold in the near term and could find a technical rebound point, INTEL stock price can have a 3% rebound $38.15 dollars per share. The semiconductor chipmaker should benefit from the recent Congress decision about semiconductor production, that should stabilize supply or raw material and improve R&D. INTEL CORP...
AUD/USD chart on a daily time scale, technical indicators hint to a brief 2% upside potential going into Fibonacci retracement AUD/USD 0.715<0.72. consider the possibility also of any USDollar strength, that would make the Australian Dollar depreciate.
The IBEX35 index, the blue-chip benchmark for the Madrid stock exchange, seems to be on the cusp of a large correction to the downside of about -20%<-25%. Technical indicators signal a consolidated drift lower, while the MACD also signal a broader Sell-Off move. Concerns are for the undercapitalization of many listed companies, in particular, the Spanish banking...
The USDollar index seemed to soften in the past week, also due to an unwinding incipit of the short Yen trade. However, the DXY chart seems to have shaped a bullish cup & handle pattern that should consolidate on the support area, DXY 103.75. The next risk-off stock market correction could see a further strengthening of the USDollar Index up to DXY 115.
strong USDollar should drift higher 3.6% to test and already seen exchange rate level USD/CNH
The Pound, likewise all major currencies, has seen a steady depreciation against the USDollar in the forex exchange market. On the macro-economic data space, the UK continues its economic output based on Fiscal and Trade deficits that inevitably make the British Pound weaker In the Forex markets, considering the deficits requirements of being financed somehow...
The Vanguard High Yield dividend fund could see a further repricing of about -20%, considering that supply chain shocks, Inflationary commodities prices, and higher marginal costs have compressed revenue growth margins for corporations. This will make corporations have to reduce dividends and earnings per share going forward, thereby making High Dividend Yield...
The Nasdaq100 chart on a 4h time scale has generated clear technical signals of the next drift lower correction that will test the NDX 9700 points area. A Double top pattern has confirmed the Sell signal with the NDX price/volume trendline has broken below the IKH Senkou nuage, while the MACD oscillators also provided a sell signal. The Nasdaq100 index will...
The Crude Oil continuous futures contract price chart on a weekly timescale does clearly indicate a consistent sell-off that could be approaching a technical support area. From where Crude Oil prices can go back up higher to $130 dollars p/b. Main factors are inelastic demand, while large Oil producers have been full-on supplying Crude Oil. In this context the...
The S&P Financials sector index has been stabilising around the 520 points, however , going forward a deeper technical correction could see the index trendline drifting lower on the Senkou A/B support, that would see a-23.5% correction with the S&P Financials index going down to 410 points
Wells Fargo stock chart on a week time scale highlights a bearish setup, that on a micro-level has been confirmed by the downward revised guidance issued by the bank. In terms of the chart, becomes possible to see how both weekly candles have shaped a hanging man, with resistance at the Tenkan line, in a downtrend channel already where the stock price...
The FTSEMIB will see a further large correction -34% retracing to FTSEMIB 14200 points. Stocks listed on the index have small capitalization, low dividends and awful Returns. The Italian economy could be tipping into a Recession in future, thereby lowering growth prospects, stock returns and profitability. FTSEMIB chart on a larger time scale, already...
The Vanguard Total Market ETF on a monthly timescale already highlights an ongoing correction downfall in the ETF marked-to-market net asset value. In the coming months, the Vanguard Total Market ETF could well fall another -26.15% down to 144 points, where the ETF price trendline would test the IKH Senkou A/B support, which would match up the support line of...
The FTSE100 index has probably started a large correction -25% toward FTSE100 5550<5500. Stocks listed in the FTSE100 have weak profitability and low dividends.
The Pound has been on a steady depreciation in the exchange rate against the USDollar and seems that the downward path in GBP/USD will continue also factoring in the Interest rate differential between Sterling money market rates and Fed Fund rate. Could be possible to see GBP/USD 1.15 in a prolonged murky period of institutional instability in the UK, that will...
The correlation between the Federal Fund rate and the DXY. In fancy mathematical terms, let's assume to start with the function F(x)= USD, thereby we can assume that the DXY it's the first derivative of f(x)=USD, considering that the DXY has been built as the average index of all the other currencies exchange rate in proportion to the USD. So the first...
The Crude Oil continuous contract chart on a 4h time scale for the WTI crude has seen a confirmation break of the price line below the IKH Senkou A/B nuage. The Lagging Span line will need also to break below the IKH Senkou A/B support, in order for the Sell Signal to become effective and confirmed. Interesting to see how the oscillator MACD already shaped a...