Indices have gone from new high breakouts, to 20-day MA tests, to breaks of trendline support – weakening at each step along way.The Nasdaq finished Friday with a loss of the 50-day MA after trendline support gave way on Thursday. Friday’s volume was relatively light, but there was confirmed distribution on Thursday’s selling. Technicals have taken a marked step lower, especially the MACD – although On-Balance-Volume is hanging on to its ‘buy’ signal. Intermediate stochastics [39,1] just undercut its mid-line, although a rally tomorrow would be enough to see this as the start of support for a secular trend pullback (although such a pattern would take time). The S&P broke rising trendline support from November, but it still managed to a successful test … [Read More...]
How Long Does It Take To Learn How To Trade?
I am often asked during my trading sessions – how long does it take to learn how to trade ? That is a tough question to answer. The short answer is that a diligent person can learn the basics of trading in a couple months. The long answer is that it can take a lifetime … Read more The post How Long Does It Take To Learn How To Trade? appeared first on Bramesh's Technical Analysis. [Read More...]
Record bank earnings, coinbase moment
Banks Earnings season started with record results from the big banks that showed investment banking and trading are strong and that the party will go on for a couple more quarters. JPMorgan and Wells Fargo were downbeat on the current loan demand environment and that could temporarily hurt some retail banks. JPMorgan’s best quarter on record, alongside an outsized reserve release, and expected short-term struggles with loan growth, provided many traders a reason to take some profit off the table. Financials have been on fire as EPS growth is expected to top 65.6% this earnings season. JPMorgan benefited from a USD5.2 billion reserve release that was possible due to the improving outlook. Many traders focused on the warnings over lending and that the housing market would … [Read More...]
Pollard Banknote
FEEDHidden Value Stocks ;issue for the first quarter ended March 31, 2020, featuring Alta Fox Capital Management and their stock idea, Pollard Banknote Ltd (TSE:PBL) (OTCMKTS:PBKOF). Alta Fox: Introduction Alta Fox Capital Management is a Fort Worth, Texas-based ;investment ;manager that primarily focuses on identifying under the radar, high-quality businesses with competitive advantages at cheap multiples of mediumtermRead More 0 Comments [Read More...]
USD/JPY extends sideways grind around 109.00
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Bullish EIA inventory report, gold lower on rising yields, Powell extends dollar decline
Oil Crude prices are surging from a very bullish EIA crude oil inventory report and as dollar weakness returns. Despite recent concerns over both the AstraZeneca and J&J COVID vaccines, the crude demand outlook is starting to improve as some European countries are heading in the right direction for reopening up: Switzerland will open theaters and outdoor dining, Denmark will slowly reopen their borders next month, and France appears poised to reopen bars and restaurants next month. After seeing the EIA crude oil inventory report, OPEC+ members must be very pleased with their gradual output increase strategy. The weekly EIA crude oil inventory numbers showed US stockpiles continue to decline. The headline draw of 5.8 million bpd was greater than the -2.58 million consensus estimate and prior decline … [Read More...]
Morning Post 04/14/2021 SPX
When they start blatantly publishing their narrative, you know the end isn’t far away. https://www.zerohedge.com/geopolitical/western-media-eager-see-ukraine-use-us-supplied-weapons-against-russiaGood vs evil On to the lie – As long as ‘they’ are raking in the cash – it ain’t gonna crash. More to come below.Have a good day.GL and GB! [Read More...]
Canadian Dollar Outlook: USD/CAD Range Coils– Loonie Break Imminent
Canadian Dollar has continued to consolidate within the April opening-range – we’re on breakout watch. Here are the levels that matter on the Loonie technical charts. [Read More...]
Bear traps for S&P and Nasdaq?
We had a successful test of support for the Russell 2000 which delivered a low volume bounce with minimal improvement in supporting technicals.The Nasdaq rallied back above trendline support, but buying volume was a little disappointing. Despite this, there was a new ‘buy’ trigger in On-Balance-Volume. If things can stabilize here in an area where intermediate stochastics [39,1] are at mid-level support, it will mark a successful pullback in a bullish rally The S&P also made it back above support, but also with light volume to the upside. There are still ‘sell’ triggers for both the MACD and On-Balance-Volume to contend with. Stochastics are the only bullish indicator at the moment, but relative performance is ticking higher and the index … [Read More...]
Blog post: 8th day of $QQQ short term up-trend; $ABNB finds support exactly at trend channel line (thank you Vas)
IndicatorsGMI: 6/6GMI-2: 7/8T2108: 53%Let’s see if ABNB moves up after finding support exactly at its trend channel line and its lower 15.2 daily Bollinger Band. Vas leads the local Northern Virginia IBD Meetup. If you want to learn his amazing approach to technical analysis you may attend his monthly online presentations here. Vas presents to my class each semester his very useful approach to technical analysis. The post Blog post: 8th day of $QQQ short term up-trend; $ABNB finds support exactly at trend channel line (thank you Vas) first appeared on Wishing Wealth Blog. [Read More...]
The Real Reason You Can’t Cut Your Losses
Nifty and Bank Nifty has been in volatile mode from past few days swinging wildly from 2-5% we have seen capitulation in Mid and Small caps. With such sudden fall and rise many traders are caught of wrong foot and now finding it difficult to cut their trading looses and go with the main trend. … Read more The post The Real Reason You Can’t Cut Your Losses appeared first on Bramesh's Technical Analysis. [Read More...]
AUD yawns, business conditions strong
The Australian dollar continues to doze this week. Currently, AUD/USD is currently trading at 0.7626, up 0.04% on the day. Business Conditions hits record high With Australia’s economy close to pre-Covid levels, business conditions and confidence levels remain high. The NAB business survey in March reported that business conditions rose from 17 to 25, a record high. Business confidence slowed from 18 to 15, but remains well above its long-term average. The strong economic recovery has raised price pressures in recent months, which means that consumer inflation will be closely watched. Higher CPI would mean that the RBA will have to re-examine its dovish monetary stance, and could lead to a rate hike earlier than anticipated – the central bank has said that it does not plan … [Read More...]
EUR/CHF to edge towards 1.11 later in the year – Rabobank
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Morning Post 03/23/2021 SPX
Times like these it’s hard to understand why we’re supposed to pray for our enemies, yet, also easy to understand. It can be confusing. Good vs evil On to the lie -Hmmm … wonder what they’ll say to screw the market up? https://www.zerohedge.com/markets/futures-slide-dollar-surges-ahead-powell-yellen-doubleheader-fresh-virus-fearsMore to come below.Have a good day.GL and GB! [Read More...]
US inflation rises, euro edges higher
EUR/USD is in positive territory on Tuesday. Currently, EUR/USD is trading at 1.1935, up 0.20% on the day. German ZEW Economic Sentiment slips The closely-watched German ZEW Economic Sentiment index disappointed in April, falling to 70.6. This was down sharply from 76.6, and well off the consensus of 79.9. This was the first decrease since November 2020, but the index still remains at a high level, as financial experts still have relatively strong expectations for the German economy in the next six months. The drop is being attributed to concerns that consumer spending will decline due to tighter lockdown restrictions. It was a similar story for the all-European release, which fell to 66.3 points. This shows that the concerns over the German economy, the largest in the eurozone, apply … [Read More...]
Japanese Yen, Swiss Franc Analysis: USD/JPY, USD/CHF May Fall as Long Bets Rise
The Japanese Yen and Swiss Franc may outperform the US Dollar amid rising long bets in USD/JPY and USD/CHF. But, broader uptrends since January could still remain in play. [Read More...]
Markets Diverge; Nasdaq Gains – Russell 2000 Loses.
It was a bit of a mixed bag for markets as the S&P and Nasdaq gained, but the Russell 2000 lost ground. Gains in the Nasdaq didn’t quite make it above its 50-day MA but it’s poised to make a relative switch advantage over the Russell 2000.The Russell 2000 lost ground as it tried to keep pace with the other indices. There were ‘sell’ signals for the MACD and ADX along with a relative performance loss against the Nasdaq. It’s still above its 20-day MA but the earlier push above 230 is looking more like a ‘bull trap’. Gains in the S&P again tagged resistance after a successful defense of its 50-day MA. There is still a ‘sell’ signal in On-Balance-Volume to overcome. However, there is … [Read More...]
Bank Nifty Crash 2000 points as Bayers Dates shows Impact
As Discussed in Last Analysis As today is important Bayers date (Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes.) and important Jupiter Aspect (Venus Sextile Jupiter) Jupiter being Ruling plannet of Bank Nifty so we should see trending move in market in next 2 trading session.Bulls need to move above … Read more The post Bank Nifty Crash 2000 points as Bayers Dates shows Impact appeared first on Bramesh's Technical Analysis. [Read More...]
Oil higher, gold stronger, CPI rises
Inflation The first inflation domino has fallen. US consumer prices rose more than expected on both a monthly and year-over-year basis. The headline March CPI reading increased 0.6%, hotter than the 0.5% consensus estimate and the 0.4% prior reading. Core prices also posted a 0.3% gain, which was also one-tenth above the consensus estimate. The year-over-year increase from 1.7% to 2.6% was impressive, but just above forecast. The gasoline price index surged 9.1% in March, which was half of the seasonally adjusted increase in the all items index. Everyone knew prices were going to jump and it will take a string of months of significant surges with prices to get a bigger reaction in the market. Energy prices were obviously going to … [Read More...]
Morning Post 04/13/2021 SPX
Keep faith. Don’t let them or society take you off your path. If you haven’t noticed, persecution, oppression and outright deletion of Christianity is happening. Good vs evil On to the lie – 18 reasons not to get vaccinated (JnJ and no liability mentioned prominently) https://disq.us/url?url=https%3A%2F%2Fwww.deconstructingconventional.com%2Fpost%2F18-reason-i-won-t-be-getting-a-covid-vaccine%3AiHM_j3YvojwiPi0GJ7XJn_t0p04&cuid=100162More to come below. Have a good day. GL and GB! [Read More...]
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