About meM.Eng from a leading Univ, after 35 yrs experience now semi retired ex inv bank prop trader & HF manager, mostly global macro and US long/short, managing own money & advising some top 5 HF & pvt equity, views not invest recommendations
I am calling a top in AAPL on the NEXT high above 446.5 (currently 445).
I am a seller above 447 stop at 467 looking for a return to 360 (yes 360) and will likely have to adjust at end August once the stock splits 1-4
Having been a bear for quite a while I now see value beginning to emerge in Us stocks despite all the negative virus headlines about to hit
Entering 50%-60% retracement zone of the 2009 bull market
Extreme readings on sentiment/RSI etc
US 30yr bonds have seen a year's worth of action in the space of a month
From 1.90% to below 0.90% to back to 1.90%
In my opinion this reversal could be key for the bond bull market since the 1980s
If we get a close above 2.10% in 30yr yields I think we have seen a generational low this month
Copper reached my long held target below 2.22 and now waiting for signs of a bottom/reversal for longer term rebound (green wave C)
Confluence of supports at 2.20 zone, channel, c/y=a/w and where wave e (blue) of bigger triangle wave B (green) is 78% Fib retrace of length of wave d (blue) of triangle.
Not confirmed until get a reversal and wave e still has scope...
Today we have see a continuation of the dramatic slide in the DAX into CRITICAL 8100-8600 support zone.
This is a confluence of long term support and target zone for wace c/y (where it equals 1.618 times wave a/w) of Wave 4) PINK
If the very long term trend is to remain up the market must hold this zone
Spanish stock market IBEX 35.
CRITICAL 6000 support. Another 10% lower and it will be at 23 year lows!
The TECHNICIAN term is "head and shoulders".....going to ZERO.
The TECHNICAL term is "screwed".
Need a miracle.
Today saw a potential capitulation low in the Indian NIFTY stock index, marking the end of an 8 week sell off falling 30% from January highs. Today's reversal keeps the trend up longer term with prices within the long term channel from the 2008-09 lows (today also marked 38% retrace of the bull market from 2009-09).