American Air (AAL) Sell $33.67 > $30.62 (Profit:Risk = 2:1)NASDAQ:AAL
American Airlines Group, Inc.
Information:
Growing Channel was broken. Now we have formed a bear channel. At the opening with a small pullback considering sales.
SPY/SPX/S&P 500 in the coming days may show weakness and fall on the mini correction (Gold is now in a growing local phase).
According to the volume profile, we will have to preserve the main savings for the subsequent fall down.
Today we expect reports.
About stop loss:
Stop loss for the top $35.27. Can be reduced, but given the day of the report. I reduce volume of the position stop loss a little more is obtained.
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Sell Limit = $33.67
Take Profit = $30.62
Stop Loss = $35.27
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Profit:Risk = 2 : 1
Profit:Risk = +9.06% : -4.75%
America
Cisco Systems (CSCO) Sell $56.33 > $48.63 (Profit:Risk = 4.48:1)NASDAQ:CSCO
Cisco Systems, Inc.
Information:
We go up the channel for too long.
Now there will be a breakdown and a reversal of share price.
About stop loss:
Stop loss is placed just above the weekly candle in case of a false touch.
Weekly chart:
Daily Chart:
H4 Chart:
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Sell = $56.33
Take Profit = $48.63
Stop Loss = $58.05
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Profit:Risk = 4.48 : 1
Profit:Risk = +13.67% : -3.05%
Benefit from PEOPLES STUPIDITY.26950 area is very important as this is an all time high price that I can almost guarantee you WILL NOT be broken any time soon.
It doesn't take a genius to work out why this level will not be broken... look at the muppet you have running the country he's like a spoilt little child running around a toy store running up debt and annoying people, The US is the most debt it has ever been in, unemployment is high and crime is up.... Give Mr Trump a round of applause :)
Yet he keeps telling people the economy is fine... this is what he wants you to think so you keep spending money and getting yourself in debt, and most people are too blind to see what's happening... All I know is I'm going to benefit from peoples stupidity.
When the recession hits and most people loose everything because they were blinded by b#llshit do you really think the people at the top of the food chain that caused this crash are going to go broke? NOPE because they knew it was coming and therefore invested in safe havens.
This is my rant over... but expect another 1 pretty damn soon ;p haha.
Following Resistance Almost Perfectly By April 12th, price action will meet resistance. Other interesting technicals for intraday action. We opened with a strong gap to the downside only to finish the day .1 percent up. Typically, gap are filled whether intraday or interday. At any rate, rockets to the sky. Until gravity brings us back to earth of course.
Panic If Price Action Does Not Blast Through Record HighsI just wrote a bit of a thesis on potential head and shoulders pattern forming in the SPX500. This is basically that same information, but without the head and shoulders pattern in addition to two moving averages, 200 MA and 200 EMA. Also, I have added a moving average on the volume. As you can see, it has significantly declined over the past year since volatility dramatically picked up in January 2018. Keep in mind, JP Morgan just asserted that there is a 70 percent chance of a recession in the next year. At any rate, here the rest of the content:
Not a perfect pattern, but few are. If the SPX500 does not reach record highs and does not go beyond those record highs with strong conviction, then it will suffer from the exact same chart pattern DJI did right before the 2008 Financial Crisis. If price action starts to move down then we would be witnessing a large head and shoulders pattern right into a financial crash or at the very least a large correction. We already know a recession is coming sometime in the upcoming year, but the question is when. However, that does not mean I am saying this pattern will form. I'm just saying its possible. And if it starts to form, be very very careful.
Also by the way, volume is super f word low right now probably indicating most traders are skeptical as to why they should buy at such high levels. It is the second lowest level of volume since 2006 with the lowest level of volume since 2006 only occurring last year. Big red flag guys and gals. Too expensive for many. Expect institutional traders to attempt to unload their positions that they too believe are probably too expensive.
TRUMP you T@TPrice recently failed to break VERY STRONG resistance once again, this can only mean bearish movement.
The stock market and the US economy are in trouble, the bubble they are in is going to burst and everything will come crashing down with it.
We are on the verge of 1 of the biggest recessions in history yet not everyone can see it as the government and Trump pull the wool over your eyes by telling you everything is ok... Bull#hit.
Trump is rein acting a car crash, he is the driver and America is the car, but this economic car crash will effect the whole world not just the US.... well done Trump you T@T.
TRUMP you T@TPrice recently failed to break VERY STRONG resistance once again, this can only mean bearish movement.
The stock market and the US economy are in trouble, the bubble they are in is going to burst and everything will come crashing down with it.
We are on the verge of 1 of the biggest recessions in history yet not everyone can see it as the government and Trump pull the wool over your eyes by telling you everything is ok... Bull#hit.
Trump is rein acting a car crash, he is the driver and America is the car, but this economic car crash will effect the whole world not just the US.... well done Trump you T@T.
The American dream is a nightmare - Trump cool aid running out.In this screencast I review briefly some headline issues that point to deep troubles affecting the American economy. I look at the Dow Transportation Index which appears to be leading Wall Street in a southward direction.
My list of troubles for America is not exhaustive - so I may well have missed something of greater importance. Do share other facts if you know more.
If others know of reasons for optimism on the US Economy I would be willing to learn more. So far, I've not been able to find anything of true substance to support optimism.
This post is compliant with Tradingview's house rules on text-based posts.
GOD BLESS AMERICAYou can see a lovely support line that's been respected and also a lovely trend line, now price is currently on its way back down to re test both these levels so we can only see a bounce when price does come back down to these key levels.
We can then see price making a bullish run up to our green resistance zone, this is where we will be placing our TP.
GOD BLESS AMERICA ;p Get on this trade and make them greens.
The game of Aud/UsdPrice movementIn
In yesterday's session price is returning near a key support zone. In fact, at 0.7144 we find the dynamic support identified by the EMA2O daily, while at 0.7108 is located the 76.8% of the Fibonacci retracement: this area should not yield but, because of the macroeconomic scenario that has been configured, it should bounce the price towards a target around the resistance identified by the EMA200 daily at 0.727; if it were broken upwards, the trend will continue until the next static resistance ( 0.733 )
Fed & Powell
The Fed, which will not raise rates in the very short term, and therefore with a softening of monetary policy, the dollar should continue to lose strength until Powell's signals of change arrive.
NZD/USD: nice and easy trade Technical Analysis
The price is back to test the main dynamic support on daily TF, or the EMA200 periods that passes about 0.68. A few millimeters higher there is another key support, the static one identified by 61.8% of the Fibonacci retracement: a price rebound would make a bullish scenario for investors.
Macroeconomic Analysis
This scenario is also confirmed in the fundamental, as it is very probable that until the end of March/April the US dollar may suffer devaluations following the decision of the Fed: the restrictive monetary policy that they announced at the beginning of 2018 will stop until a clear improvement in the US economy will not be noticed.
Our target
The first target we expect to achieve is the one in area 0.695, where is located the resistance identified by 50% of the Fibonacci retracement.
The Trend Is Your FriendWeekly Review
- Markets keep going up
- Keep correcting the downside from 2018 that did not make sense
- Markets are bullish but the volume is lower so the vulnerability is bigger
- Negotiations between China and USA
- Some memorandums will be confirmed and they will keep extending the deadlines that probably will take until summer
- We should receive some good materially this week
- European macro keeps weakening
- Manufacturing data are below 50 for the first time since 2013
- This week there is not much macro
- ECB should speak and explain their position in regard of this economic slowdown
- When ECB tells what they are going to finance will be positive for the markets
- Keep an eye on both the trade talks between China & USA and the ECB
- Also, there is a meeting between USA and North Korea that will be more constructive than destructive
- Strong American macro-data can indicate that the economy can keep increasing
- American GDP is expected to be 2.5 which should be good
The most important factors to take:
- A constructive talk between USA and North Korea
- Progression in the talks between USA and China
- ECB starts talking about the stimulus package
If there is not any displeasure markets should keep the bullish trend, however, watch out for the volumes as they are lower.
Constructive Trade Talks? Bullish MarketWeekly Review
- Markets keep going up
- Keep correcting the downside from 2018 that did not make sense
- Markets are bullish but the volume is lower so the vulnerability is bigger
- Negotiations between China and USA
- Some memorandums will be confirmed and they will keep extending the deadlines that probably will take until summer
- We should receive some good material this week
- European macro keeps weakening
- Manufacturing data is below 50 for the first time since 2013
- This week there is not much European macro
- ECB should speak and explain their position in regard of this economic slowdown
- When ECB tells what they are going to finance will be positive for the markets
- Keep an eye on both the trade talks between China & USA and the ECB
- Also, there is a meeting between USA and North Korea that will be more constructive than destructive
- Strong American macro-data can indicate that the economy can keep increasing
- American GDP is expected to be 2.5 which should be good
The most important factors to take:
- A constructive talk between USA and North Korea
- Progression in the talks between USA and China
- ECB starts talking about the stimulus package
If there is not any displeasure, markets should keep the bullish trend, however, watch out for the volumes as they are lower.
S&P To New HighsWe had another good week and the S&P500 is now 10,7% up YTD. Regarding the week ahead, it does not have a bad outlook.
- In the worst scenario it will be a period of consolidation
- Trade talks between US & China and Brexit remain a concern for traders
Both have deadlines in March and outcomes are expected to be positive which will boost the equity markets
- 3 main variables to bear in mind:
Trade talks between US and China - Expected to keep progressing
Brexit - Will be extended to reach a better negotiation and the markets are getting used to it
US Government Shutdown - Forecasted to disappear soon
Unless something bad occurs to these variables market should keep the bullish trend .
MAJOR update on USD/JPYMacroeconomic side
The price in the last sessions is continuing to maintain this lateral / bullish trend without giving too many signs of inversion, supported by a recovering dollar. This week will be essential to understand the short-term trend that will follow both the dollar and the yen: in fact, tomorrow the Fed chairman will make a conference, from which investors expect him to keep his very short-term decision unchanged (do not force the market and the US economy with further monetary restrictions). On the other hand, on Thursday, the Japanese GDP data will be published, expected positive and clearly improved compared to previous ones: this should strengthen the Japanese currency against the other majors.
The technical side
Technically there is a very strong resistance area between 110.70 and 110.90: the main EMAs (daily, weekly and monthly time frames) pass in here and the 110.90 should not be violated on the upside due to the macro-economic factors just mentioned. If this happens it is because the short-term trend has become long and the target area will become the one between 113 and 115
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