IndicatorsGMI: 6/6GMI-2: 7/8T2108: 58%In a few days, the November issue of the magazine Technical Analysis of Stocks and Commodities will publish a long interview with me about my trading roots, strategies, and the college courses I teach. I hope you find it useful. AAPL finds support at its green line break-out (GLB). I [Read More...]
Russell 2000 Clears 200-day MA as Indices Consolidate
The Russell 2000 pushed above its 200-day MA as other indices had a quiet day. Although, all indices remain stuck inside their multi-year trading ranges, the Semiconductor Index is again trying to break clear.With the gain in the Russell 2000 technicals moved into a net bullish technical stance. It’s still a long way from challenging trading range resistance but it has at least squeezed shorts who were perhaps banking on a support breakout in early October.The Semiconductor Index continues to toy with a breakout. The potential ‘bull trap’ looks to have failed after one day – another good sign that it’s only a matter of time before the breakout is confirmed. Technicals are net bullish and relative performance, while scrappy, has moved steadily higher. This will help … [Read More...]
Stocks Trading using Time Cycle
L&T Finance Positional Traders can use the below mentioned levels Close above 86 Target 89/92 Intraday Traders can use the below mentioned levels Buy above 86 Tgt 87, 88 and 89 SL 85 Sell below 84 Tgt 83, 82 and 81 SL 85 JSW Steel Positional Traders can use the below mentioned levels Close above… Read More » The post Stocks Trading using Time Cycle appeared first on Bramesh's Technical Analysis. [Read More...]
Nowhere
FEEDGreetings from the United Club lounge at the Denver International Airport. Good Lord, this place stinks. I mean, OK, it’s actually clean and nice, but the American Express Centurion Club totally spoils me. The food there is seriously high-end restaurant level. Here you get carrots and hummus. All right, enough whining. Time for a quickRead More 0 Comments [Read More...]
Scary Like Monday Morning
Most of us are probably not as enthused by Monday mornings, as we are waking up late on Sunday mornings; let’s be honest. Another five days, (plus emails and productive out of hours “conference calls”), of graft at the dystopian coal face of the financial markets, lies ahead. Not being a purveyor of the 5 am workout followed by a salt-free, free-range, fair-trade, organic, conflict-free soya latte and avocado toast, I prefer to ease into Monday’s, collecting the participation certificate rather than the gold medal. Asian markets will not have that optionality this Monday, with Sterling likely to be front and centre from the theoretical get-go at 5 am Sydney time. Yesterday’s Brexit deal breakthrough set the pulses racing … [Read More...]
EUR/USD: Probing 100-day average, focus on Brexit
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Morning Charts 09/26/2019 SPX
Bored yet? Won’t last long. Maybe through Christmas. Maybe not. Dems desperate to really F things up and HRC might be signaling an unprecedented Arkancide. Add that with the hidden underlying financial mess and when the shit finally hits the fan all my dire thoughts come to pass. Not sure when that will be but if you can’t see your Orwellian future being controlled and set up for you, you’re blind.On to the lie -Boring till support breaks. Just waiting on a catalyst.More to come below.Have a good day.GL and GB! [Read More...]
China growth below forecast
Worst growth on record The Chinese economy grew 6.0% y/y in the third quarter, a slowdown from Q2’s +6.2% and the weakest growth on record going back to 1995. Quarter-on-quarter growth slowed to 1.5% y/y but was in line with economists’ estimates. In the subsequent press conference, the Statistics Bureau acknowledged that the domestic economy faces a complex and serious situation amid a rise in external uncertainties. Net exports made up 19.6% of the year-to-date growth while capital formation contributed 19.8%. It put a brave face on the numbers, saying it felt the policy measures already in place were starting to filter through into the economy and was certain stable growth could be maintained into Q4. Industrial production beats estimates… [Read More...]
GBP/USD Testing Five-Year Resistance: Breakout Ahead?
GBP/USD is on the verge of pushing above five-year resistance. A break above with follow-through may precede considerable upside movement. [Read More...]
Yesterday’s Losses Reverse
After yesterday’s losses today was the turn of moving averages to step in as support. Action for the last couple of days does look like washout trading to shake out weak-holding longsThe Russell 2000 suffered the most on Tuesday but did well to attract buyers at its converged 50-day and 20-day MAs. While today’s buying was good it wasn’t enough to prevent a MACD trigger ‘sell’.The Nasdaq recovered from yesterday’s loss of its 20-day and 50-day MAs with a bullish piercing pattern. However, like the Russell 2000 it couldn’t escape the MACD trigger ‘sell’. It also has more bearish technicals, although price action remains good.The Semiconductor Index also had a strong day but it came close to invalidating the breakout gap. It really needs to push … [Read More...]
Bank Nifty Weekly Expiry Analysis
As discussed in Last Analysis Now Bulls need to move above 28638 for the up move to continue towards 28836/29000/29200.Bears will get active below 28470 for a move back to 28262/27970. It was a day of whipsaw for Bank Nifty trader, Only silver lining was Traders who follow TC level as we made exact high… Read More » The post Bank Nifty Weekly Expiry Analysis appeared first on Bramesh's Technical Analysis. [Read More...]
GBP/JPY – Buoyed by Brexit hope (video)
OANDA Senior Market Analyst talks about GBPJPY and it’s breakout into bullish territory ahead of a Brexit deal. [Read More...]
Dates & Sectors
FEEDAs you might guess, Slope gathers a lot of data from a lot of different sources. One “weak link” that has been really bothering me lately was our earnings calendar data (which you can see, among other places, here). It was quite thin in spots, and – – this is what really irked me –Read More 0 Comments [Read More...]
EUR/USD extends rally to fresh multi-week highs near 1.1140
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Morning Charts 10/17/2019 SPX
Trump in Dallas? Biden mention of the 17th? JFK redux? They can’t stop him. FF? Cummings dead? Natural causes? Trump rips the drunk deservedly. It’s all about to come out and they are all guilty. Shits about to get real. He’s even throwing jabs at Obummer. God I love this president.On to the lie -QE4 underway – https://www.zerohedge.com/markets/qe4-officially-begins-feds-first-t-bill-purchase-4x-oversubscribed-amid-massive-liquidityMarkets appear safe for now. Just be ready for an instantaneous turn. May or may not happen. Just know it’s possible.More to come below.Have a good day.GL and GB! [Read More...]
Boris strikes Brexit deal (video)
OANDA Senior Market Analysts Craig Erlam discusses the Brexit deal agreed between the UK and EU, the reaction we saw in the markets and what to expect in Parliament on Saturday. Boris strikes Brexit deal (video)Posted 53 seconds agoGBP/JPY – Buoyed by Brexit hope (video)Posted 38 minutes agoGold – Hanging on in there (video)Posted 45 minutes agoUS Open – Brexit Deal Rally seems short-lived, Earnings, Oil, Gold, BitcoinPosted 4 hours agoBrexit – It’s a deal!Posted 5 hours agoBusiness Breakfast with OANDA on Jazz FMPosted 7 hours agoAussie jumps as jobless rate falls10/17/2019Boris Johnson Dup’ed as Singapore Slings10/16/2019Daily Markets Broadcast 2019-10-1710/16/2019Dollar dented as data disappoints; sterling soars10/16/2019 [Read More...]
USD/CHF, EUR/CHF Weekly Forecast: Correction May Lead to a Downtrend Move
Since the start of this week USD/CHF and EUR/CHF buyers has been showing hesitation to keep rallying the price. Here is how sellers could come back. [Read More...]
GMI turns Green; 3rd day of $QQQ short term up-trend; $TECD another successful GLB
IndicatorsGMI: 4/6GMI-2: 7/8T2108: 54% [Read More...]
Quiet Day Although Russell 2000 Pressured
There wasn’t a whole lot to say for Tuesday; indices were down, but there was little to add aside from the Russell 2000 returning to key consolidation support. The ‘bear trap’ will likely be coming under pressure later in the week.But there was little from other indices to suggest potential trouble. The S&P is at the upper threshold of its former pennant range, but stuck in the middle of its larger consolidation.The Nasdaq is another index in the middle of a smaller consolidation, which itself is in the middle of larger consolidation.There isn’t too much to day say about today, although the Russell 2000 is feeling the pressure. Keep a watchful eye on what it does, as its action will likely determine what will go … [Read More...]
Harmonic Pattern Trading For Stocks
Escorts Positional Traders can use the below mentioned levels Close above 632 Target 656 Intraday Traders can use the below mentioned levels Buy above 632 Tgt 638, 646 and 655 SL 627 Sell below 625 Tgt 618, 610 and 600 SL 630 M&M Finance Positional Traders can use the below mentioned levels Close above 308… Read More » The post Harmonic Pattern Trading For Stocks appeared first on Bramesh's Technical Analysis. [Read More...]
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