(adsbygoogle = window.adsbygoogle || []).push({}); Monday’s action had looked to provide some security for bulls, but then bears came in with gusto and closed the day with bearish engulfing patterns for the Nasdaq and S&P, and a big red candlestick for the Russell 2000. The Russell 2000 experienced the biggest sell off of lead indices. The substantial red candlestick came with higher volume distribution, at a time when it looked like the selling was done. The index continued with its underperformance to the Nasdaq and S&P, so it looks like crash watch is back on.The Nasdaq experienced a classic bearish engulfing pattern, but managed enough to keep technicals net bullish while volume rose to register as distribution (just…). The prior breakout is still… [Read More...]
Trading Analysis Using Harmonic Patterns: PIDILITE INFY LT
INFY Positional Traders can use the below mentioned levels Close above 1396 Target 1424 Intraday Traders can use the below mentioned levels Buy above 1396 Tgt 1404, 1413 and 1424 SL 1389 Sell below 1385 Tgt 1375, 1360 and 1345 604 SL 1392 ; LT Positional Traders can use the below mentioned levels Close above 2222… Read More » The post Trading Analysis Using Harmonic Patterns: PIDILITE INFY LT appeared first on Bramesh's Technical Analysis. [Read More...]
GBP/USD higher despite rise in inflation, BoE decision looms
The British pound is in positive territory on Tuesday. In the European session, GBP/USD is trading at 1.2277, up 0.50%. UK inflation accelerates For Bank of England policy makers, the “how not to start the day” manual likely included inflation climbing higher. That was the bad news earlier today, as UK headline CPI rose to 10.4% in February, reversing the deceleration trend in recent months. The reading was up from 10.1% in January and above the consensus estimate of 9.8%. The core rate climbed to 6.2% in February, up from 5.8% prior which was also the estimate. The usual suspects were at play, with the food and energy prices driving the increase in inflation. The inflation print will complicate matters for the BoE, which has hiked … [Read More...]
SAVA Some For Me (by Xerxes)
FEEDThis is a quick short idea. I have a special place in my heart for meme stocks. While the moves they made back in 2021 were truly remarkable (I admit I was extremely jealous at the time), those days are done. I’m sure some day we will see something like this happen again (much fewerRead More 0 Comments [Read More...]
Morning Post 03/01/2023 SPX
Good v evil On to the lie – So much pressure on support. More to come below. Have a good day.GL and GB! [Read More...]
Denmark Consumer Confidence up to -23.1 in March from previous -25.1
Read more on https://www.fxstreet.com [Read More...]
US Close – Fed’s dovish hike trumped by Yellen not considering broad increase in deposit insurance, Oil rallies, Gold gets groove back, Bitcoin…
Wall Street’s initial take on the Fed was that they delivered a dovish hike and that banking turmoil will finish the job of bringing inflation back to target. Fed Chair Powell started the press conference by noting that the banking system is sound, but Treasury Secretary Yellen put a wrench in that idea. Yellen noted that regulators are not considering a broad increase in deposit insurance. Yellen said she is not considering a broad increase in deposit insurance despite all the discussion around blanket deposit insurance. It sounds like we are nowhere near having a debate on whether to raise FDIC limit above $250,000. Stocks were initially rallying on optimism that the Fed is done with raising rates, but Yellen’s comment on deposit insurance unnerved investors as … [Read More...]
Tentative steps lower for markets
(adsbygoogle = window.adsbygoogle || []).push({}); It could have been worse, the potential for losses was quite high but markets were reluctant to give in to sellers, many markets finished where they started.The Nasdaq was a case in point. Selling volume was lighter than Friday’s as the index closed the breakout gap from last Wednesday (an intraday chart will show this better). This should give swing traders an opportunity to trade the next move – using the high/lows of today to determine the entry point and risk (buy break of high – stop on loss of low / short loss of low – stop on break of high). Technicals favor bulls, so the long trade is more likely to succeed. The S&P was trading closer to breakout… [Read More...]
Trading with Discipline: Four Powerful Techniques
Trading is a popular activity that attracts many people because of its potential to generate wealth quickly. However, many traders fail to make consistent profits due to lack of discipline. Successful trading requires a disciplined approach that involves following a set of rules and strategies. In this article, we will discuss four powerful techniques that… Read More » The post Trading with Discipline: Four Powerful Techniques appeared first on Bramesh's Technical Analysis. [Read More...]
AUD/USD gains ground, all eyes on Federal Reserve
The Australian dollar is in positive territory on Wednesday, ahead of the Federal Reserve’s rate announcement. In the European session, AUD/USD is trading at 0.6681, up 0.16%. Fed expected to deliver 25 bp hike The Federal Reserve winds up its policy meeting later today and anything other than a 25 basis point hike would be a massive surprise. The Fed is meeting against the backdrop of a banking crisis in which four US banks as well as Credit Suisse have failed, stunning the financial markets. Investors will be listening carefully to Fed Chair Powell who is expected to address the banking crisis. Today’s hike is a foregone conclusion, but a key element of this meeting will be the Fed’s updated rate projections for the first time … [Read More...]
How We Got Here
FEED [Read More...]
Morning Post 03/22/2023 SPX
‘Not in my time’ or ‘would I ever’ are being said more than should be these days. That’s not good. Good v evil On to the lie – Minis flat. Waiting on the Fed. I can’t wait to see what they come up with today. It’s so broken, they can’t play both sides. Get ur popcorn. Price at a strange resistance area. It’s good to be price agnostic for a change. More to come below. Have a good day. GL and GB! [Read More...]
USD/JPY drops on the dovish Fed 25 bp rate hike
Read more on https://www.fxstreet.com [Read More...]
Market Insights Podcast (Episode 447)
OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They preview the FOMC and BOE rate decisions, discussed the market reaction to a hot UK inflation report, recap the wild moves with gold, and talk cryptos. [Read More...]
S&P breakout adds to the earlier breakout in Nasdaq
(adsbygoogle = window.adsbygoogle || []).push({}); Friday was a sticky finish for markets, Monday managed to make back some of this lost ground, and today delivered a breakout in the S&P.I had talked over the weekend about the risk of a crash, particularly in the Russell 2000, but today’s action in the S&P goes some way to averting this scenario. The Russell 2000 is still in trouble, but there is reason for optimism in the S&P. The gap move above resistance came with a new ‘buy’ trigger in the MACD, although other technicals remain bearish.The Nasdaq had already delivered a breakout, that it managed to hang on too despite Friday’s selling. Today’s action saw a small gap higher that knocked out last week’s… [Read More...]
Blog Post: Day 3 of $QQQ short term up-trend; $LMB has GLB, see daily and monthly charts
IndicatorsGMI: 2/6GMI-2: 6/9T2108: 22%LMB retook its green line on Tuesday.Note the recent above average trading volume. It is worth watching. The post Blog Post: Day 3 of $QQQ short term up-trend; $LMB has GLB, see daily and monthly charts first appeared on Wishing Wealth Blog. [Read More...]
Darvas Box Analysis: A Comprehensive Guide for Intraday and Swing Trading of ULTRA CEMENT ABB SIEMENS
ULTRA CEMENT Positional Traders can use the below mentioned levels Close above 7363 Target 7536/7711 Intraday Traders can use the below mentioned levels Buy above 7363 Tgt 7396, 7439 and 7519 SL 7334 Sell below 7298 Tgt 7273, 7193 and 7150 SL 7320 ; SIEMENS Positional Traders can use the below mentioned levels Close above 3333… Read More » The post Darvas Box Analysis: A Comprehensive Guide for Intraday and Swing Trading of ULTRA CEMENT ABB SIEMENS appeared first on Bramesh's Technical Analysis. [Read More...]
Bouncing back
Stock markets settle down Stock markets are bouncing back on Tuesday as some calm returns following the UBS takeover of Credit Suisse and traders look ahead to the Fed tomorrow. It’s been a wild couple of weeks and while I, along with everyone else, am hopeful that the worst is behind us, I can’t say I’m particularly confident. The response to recent events has been impressive from central banks, regulators, and governments, and while we can commend them for their firefighting skills, only time will tell if they’ve been successful in extinguishing the flames. But markets are clearly comforted by the measures that have been put in place to prevent a full-blown banking crisis. If this can be followed by a few … [Read More...]
Why Extending Deposit Insurance Won’t Save The Banks
FEEDHow Not To Save The Banks In a previous post (“Preventing The Next Bank Collapse”), I shared a view that has become more common recently (for example as expressed by the former Barclays CEO below), that the way to save mid-sized banks was to extend FDIC deposit insurance to accounts larger than $250k. But apparentlyRead More 0 Comments [Read More...]
United Kingdom Producer Price Index – Input (MoM) n.s.a registered at -0.1%, below expectations (0.7%) in February
Read more on https://www.fxstreet.com [Read More...]
- 1
- 2
- 3
- …
- 16
- Next Page »