Buyers were able to maintain the buying from last Thursday with a close at the high of the day across lead markets. A challenge of the last swing high in early May would set up the reversal rally but there is a couple of weeks work required before markets are able to get there. For the Nasdaq, we have the ‘buy’ trigger in On-Balance-Volume with an improving relative performance against the S&P. The MACD is well below the bullish zero line, so the first ‘buy’ trigger might not be the one to go for.The S&P is trading around a decling trendline and is currently on the positive side of the ledger. Unlike the Nasdaq, technicals are net negative and it will take … [Read More...]
Blog post: Day 13 of $QQQ short term down-trend; $GIS has GLB to ATH on almost 3x average volume
IndicatorsGMI: 0/6GMI-2: 3/8T2108: 23%The post Blog post: Day 13 of $QQQ short term down-trend; $GIS has GLB to ATH on almost 3x average volume first appeared on Wishing Wealth Blog. [Read More...]
Nifty Trade Plan for 30 June Monthly Expiry
FII sold 30.3 K contract of Index Future worth 2413 cores, Net OI has decreased by 6.7 K … Read more The post Nifty Trade Plan for 30 June Monthly Expiry appeared first on Bramesh's Technical Analysis. [Read More...]
Oil reverses gains, gold steady, bitcoin nervy
Oil reverses gains after inventory data The rally in oil looked set to extend to the fourth day, as supply concerns outweigh recession fears ahead of the OPEC+ meeting tomorrow. The OPEC meeting today ended without any decisions being made amid speculation around Saudi Arabia and UAE’s spare capacity. I’m not sure it makes an enormous difference as neither were likely to save the day anyway or they would have already. And the group as a whole is failing miserably in its targets, running at 256% compliance and overall shortfall of more than half a billion barrels. I’m not sure what exactly we can hope for tomorrow that will make any difference. Although a formal acknowledgement that there’s little more they can do … [Read More...]
Read All About It!
FEEDFrom my deathbed: a very interesting infographic (I’ve placed it below the fold so the home page isn’t silly): [Read More...]
Morning Post 06/08/2022 SPX
Hard to fathom it’s getting tougher to read the news every day. However, there are glimmers of hope. We’re not dead yet. They just want you to think you are. Good vs evil On to the lie – Minis off a bit. If this thing were to move north .. several ma’s as resistance. Monthly 20 at 4228 is most notable. Maybe it needs to be checked before more southerly course can be taken? More to come below. Have a good day.GL and GB! [Read More...]
Recession fears have weigh on sentiment towards risk assets and US yields – Deutsche Bank
Read more on https://www.fxstreet.com [Read More...]
Market Insights Podcast (Episode 347)
OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the ECB Forum on Central Banking, OPEC+ and the rest of the week. [Read More...]
Euro Outlook: EUR/USD, EUR/GBP Remain Vulnerable as Retail Traders Hold Long
The Euro remains at risk as retail traders continue to maintain a majority upside bias in the single currency. This may not bode well for EUR/USD and EUR/GBP. [Read More...]
Nifty Trade Plan for 29 June
FII bought 1.2 K contract of Index Future worth 83 cores, Net OI has increased by 7.6 K … Read more The post Nifty Trade Plan for 29 June appeared first on Bramesh's Technical Analysis. [Read More...]
Wall Street digests mixed retail earnings, Mester remains very hawkish, a crypto fund ordered to liquidate
US stocks softened after key earnings from retailers provided limited optimism for the rest of the year and as rising long-term inflation expectations could tilt the Fed into sending the economy into a recession. ? Record inflation for Spain caught everyone’s attention, as traders shrugged off the temporary improvement with pricing pressures from Germany, which are only coming down from the highest levels in nearly a century. No one wants to buy the dip anymore after seeing a few stock market rebounds get completely faded. ? ?Investors removed USD 10 billion out of equity funds last week and it doesn’t seem likely that sentiment will dramatically improve that the Fed will be able to deliver that soft landing. ? ? ? Retailers Nike delivered strong earnings, but … [Read More...]
Well Hel-LO, Saylor!
FEEDMost of you are acquainted with Microstrategy (ticker MSTR). Back in the Internet bubble, it was one of the poster children for the collapse, having plunged from about $3,300 to about 1% of that amount. It was absolutely catastrophic (and, to this day, I have no idea what products or services they make). Somehow theyRead More 0 Comments [Read More...]
Morning Post 06/29/2022 SPX
Again, if we don’t enforce our laws – we die as a nation. It’s looking like military tribunals is the only way out because corruption has permeated everything. Good v evil On to the lie – Minis flat as cash will open above a 1% gap. Kinda unusual situation that overnight hasn’t addressed that. This coming after the nasty 20dma rejection. Again the Shankstrodomus tea leaves aren’t giving away any secrets, but things will clear up soon enough. A decade of fraudulent market action may have given me Mptsd. More to come below – Have a good day. GL and GB! [Read More...]
Oil market stays tight, gold ready to shine
Oil Crude prices rallied as the oil market looks like it will remain very tight after indirect nuclear deal talks between the US and Iran ended without result. ? The supply outlook for crude is looking vulnerable and could see some disruptions lead to much higher oil prices. ? Ecuador’s oil production is declining rapidly, down 1.8 million barrels during the 15 days of protest. ? Libya is suspending oil exports from the Es Sider port. Unless the EIA crude oil inventory report posts a surprisingly large drop in demand and significant production increase, oil prices should be poised to climb higher. Gold rises on inflation concerns Gold prices are higher as the bond market selloff eases. After inflation hit a record high in Spain, pressure has grown for … [Read More...]
Bitcoin Price Prediction: A falling knife or Michael Saylors’ sword in stone?
Read more on https://www.fxstreet.com [Read More...]
Nasdaq Price Outlook: NQ Recovery Backs Down Ahead of Q3 Open
The Nasdaq has lost more than 30% from the ATH and more than 20% in Q2. Sellers don't look finished yet. [Read More...]
Time for the June low retest in the Indices
Today’s selling has started the retest of the June lows for the Nasdaq and Russell 2000 as the S&P gets rebuffed by its May low. One point of concern is that none of the indices were able to mark a new swing high. Nascent bullish technicals are also looking vulnerable to reversal.The index to watch is the Russell 2000. If there is to be a recovery then the Russell 2000 has to do the leg work. Key here is that the index retains its relative outperformance to the Nasdaq and S&P – even if it suffers selling, as is likely from here. The Nasdaq fell just short of pushing into June swing low territory as the 20-day MA played as resistance. Of the three indices, it’s the one … [Read More...]
Blog post: Day 12 of $QQQ short term down-trend; QQQ hourly RWB up-trend over, see chart
IndicatorsGMI: 0/6GMI-2: 3/8T2108: 26%The post Blog post: Day 12 of $QQQ short term down-trend; QQQ hourly RWB up-trend over, see chart first appeared on Wishing Wealth Blog. [Read More...]
Intraday Trading using Darvas Box : Chola Finance Coal India Ashok Leyland
Chola Finance Intraday Traders can use the below mentioned levels Buy above 641 Tgt 646, 652 and 656 … Read more The post Intraday Trading using Darvas Box : Chola Finance Coal India Ashok Leyland appeared first on Bramesh's Technical Analysis. [Read More...]
Stocks turn negative on Wall Street
Pessimism returns European stocks continued their recovery on Tuesday, although that momentum was lost heading into the close as they gave back a portion of their gains. The US, meanwhile, is seeing large losses on the back of a couple of days of yields rising and some disappointing economic data. The CB consumer confidence reading was a blow, with the expectations component suffering a particularly large drop which doesn’t bode well given how resilient spending has been until now. While the labour market remains in a very good position, areas of weakness are appearing in the economy – such as the property market – and perhaps consumer spending will be next. This would be a massive setback and potentially the strongest signal yet that the US … [Read More...]
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