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Small Caps confirm support with test

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A bit of a mixed bag with the Russell 2000, having enjoyed prior strength, now finds itself in the process of back testing support – with the $229 level key. Volume rallied to mark distribution to go with a relative underperformance to the Nasdaq. Strength in the Russell 2000 is key for the broader averages but we need to see a bounce here if we are not to see a return to the prior trading range (of March-May).The Nasdaq edged a little higher as it rides along former support turned resistance. Just as the Russell 2000 is at a decision stage, so is the Nasdaq where a strong gain will have the dual benefit of clearing both boundary resistance and negate the April ‘bull trap’The S&P edged a … [Read More...]

Zomato Listing : Bank Nifty Analysis

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As Discussed in Last Analysis   Now we have another important mercury date coming as explained in below video, Bulls need to move above 34625 for a move back to 34754/34864/35000/35200. Bears will get active below 34485 for a move towards 34217/34018/33820. Bank Nifty opened with gap up and Bears also unable to trigger any level… Read More » The post Zomato Listing : Bank Nifty Analysis appeared first on Bramesh's Technical Analysis. [Read More...]

Morning Post 07/02/2021 SPX

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Beach life is all good. It was much better under lockdown when we had it all to ourselves though. Place is at capacity. Seems to be supplied well with most things in stock (something that in the land of plenty I never thought we’d have to worry about). Only seen one mask on a lady in grocery store. I’d say 98% normal, except for inflation. On to the lie – What the Fed needs to do vs what it does are two very different things. I’ll up the ante on this post. Heroin is really bad, but the greed of the Fed and the globalists is much worse. https://www.zerohedge.com/markets/rabo-fed-needs-get-markets-heroin-have-you-seen-junkies-without-heroinWaiting and watching for … [Read More...]

Week Ahead – Fed and Earnings Eyed

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Major week for US markets All eyes on the US next week as the Fed meets and we head into peak earnings season. The central bank will discuss its exit strategy from emergency era stimulus and investors will be looking for any hints on the timing and execution. Earnings season is off to a very strong start and it will step up a notch next week with a number of big tech companies reporting. There’ll also be a raft of economic releases which will grab the attention of investors. Europe also offers a wide range of economic data which, coming shortly after the ECB announced a tweak to its mandate, will be very closely monitored. Huge week on Wall Street Data key after ECB tweak Rupee … [Read More...]

Indices Post Gains but Russell 2000 Still to Breakout

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There wasn’t a whole lot to today’s gains but indices did manage to recover intraday losses. The Nasdaq is comfortably above its breakout support and today’s intraday swing barely lost ground. Technicals are net bullish with no bearish divergene to worry about. The index is 11.7% above its 200-day MA, which is outside of the 85% of historic extremes. Likewise, the S&P accelerated its gain after a flat-line period. Buying volume was modest but technicals were bullish.The Russell 2000 added near 1%, but the gain wasn’t enough to generate a breakout. However, it is holding a minor support level of $228, making this a good place for a trade. Technicals are net bullish.We are probably a day or two away from a Small Caps … [Read More...]

Rain Washed

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Source A little girl had been shopping with her Mom in Target. She must have been 6 years old, this beautiful red haired, freckle faced image of innocence. It was pouring outside. The kind of rain that gushes over the top of rain gutters, so much in a hurry to hit the earth it has… Read More » The post Rain Washed appeared first on Bramesh's Technical Analysis. [Read More...]

Oil rebounds, gold consolidates

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Oil Oil prices have bounced back strongly after a rocky start to the week. OPEC+ struck a deal to slowly ramp up production each month by 400,000 with a view to erase all cuts by the end of next year. The week got off to a rocky start following a surge in Covid cases that led to questions about the strength of the recovery in the near term. That was quickly replaced by optimism on the back of a number of strong earnings reports and risk appetite has been strong since. WTI climbed quickly back above USD 70 and has held above here, with sights set back on this month’s highs around USD 76. While earnings have given cause for optimism, Covid cases are likely to continue to surge … [Read More...]

Alzheimer’s Treatment Stocks

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FEEDScreen capture via IGC’s healthcare subsidiary ;Hyalolex. “Drops of Clarity” is their just-patented Alzheimer’s treatment. Two Stocks Spike On Alzheimer’s News With ;six million ;Americans suffering from Alzheimer’s disease, their loved ones are desperate for effective treatments. Two of our recent top names, India Globalization Capital, Inc. (IGC) and Cassava Sciences, Inc. (SAVA) spiked on news related toRead More 0 Comments [Read More...]

Morning Post 07/23/2021 SPX

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The pure incompetence of this administration is terrifying. Good vs evil. On to the lie – Minis up 20. At some point, after leaving reality, one must return. Not sure I want to witness that moment, but I’m sure we will. More to come below, Have a good day. GL and GB! [Read More...]

Market Insights Podcast (Episode 216)

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Jonny Hart looks back on the week’s business and markets news with OANDA Senior Market Analyst Ed Moya in New York.  This week they discuss the heightened volatility that stemmed from the delta variant driven growth scare, ECB policy meeting, and Bitcoin’s wild ride.  They also preview the FOMC decision and discuss what the week ahead has in store for financial markets. [Read More...]

Trading using Supply Demand Analysis :Axis Bank, Baj Finanace,Concor

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Concor Positional  Traders can use the below mentioned levels Close above 672 Target 699 Intraday Traders can use the below mentioned levels Buy above 672 Tgt 678, 685 and 692 SL 666 Sell below  662 Tgt 656, 649 and 642 SL 667 Bajaj Finance Positional  Traders can use the below mentioned levels Close above 6200… Read More » The post Trading using Supply Demand Analysis :Axis Bank, Baj Finanace,Concor appeared first on Bramesh's Technical Analysis. [Read More...]

Sterling extends rally

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The British pound has posted considerable gains for a second consecutive day. Currently, GBP/USD is trading at 1.3767, up 0.37% on the day. It has been a volatile week for the pair, which declined by 1% early in the week but has recovered these losses. Markets eye UK Retail Sales, PMIs It may not qualify as a data dump, but with three key UK events on Friday, investors will finally have some data to digest in what has been a very light calendar week. The UK releases retail sales for June (6:00 GMT). The May report was a disappointment, as the headline reading came in at -1.4% and core retail sales at -2.1%. June data should be stronger, with retail sales expected at 0.4% MoM and 9.6% … [Read More...]

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