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Simple Credit Indicator to Watch Out for Equity InvestorThere is a classic saying that credit markets tend to lead equity markets. The rationale is that credit investors are solely more concerned about downside risk (as they worry whether coupons will be paid and whether they will get their principal back at maturity) and measure risks and determine spreads - over the risk free/benchmark rate - by factoring in the probability of default into the spreads amongst other factors. While equity investors, given their ability to participate on the upside as opposed to debt/credit investor, tend to be more forward looking with an optimistic bias (glass half full attitude). Hence, credit tends to turn first when risk is slowly bubbling in the cauldron. That's what I've been told anyway. Without further ado, if you refer to the chart published, you will be able to see how credit has played out during the past few crisis. Data used are S&P500 and ICE BofA US High Yield Index Option-Adjusted Spread (inverted)
TVC:SPX
by RinjaniCapital
2
ATOMOSI have been building a position on this one for a while now a bit after the covid crash and its been trending well with a bit of volatility bouncing around this trend. We are heading into an EQ level right now after a fairly impulsive move this week so expecting price to pull back a little before continuing up again. Keeping a close eye on the Supply block from just before the Covid drop as an over all target for now but if the trend continues with momentum and we move into price discovery then could be exciting Bullish on the business in the video content creation world in general
ASX:AMSLong
by DeNomics
PGH.ASX_Range Breakout and Retracement Trade_LongENTRY: 3.92 SL: 3.60 TP: 4.83 - ADX>20 - RSI<50,RSI<70 - Daily RS +ve - Daily FFI +ve - Daily MACD +ve - Weekly RS +ve - Weekly FFI +ve - Weekly MACD -ve - Sign of Strength on 28 Jul 2021 and break above HVN. - Retraced on lower volume and moved up with higher volume subsequently. - Hit high of 4.02 before retracing back to 38.2% Fib. level and bouncing up on 6 Aug 2021. - Expected to go sideways awhile and upside remains intact as long as above HVN.
PLong
by TRADER-WANNA-BE
1
SYA - Trade PlanSYA has been very strong since the beginning of 2021, and since heading higher. My plan is to buy the next swing low. I have my buy zone around $0.060 - $0.075, which is the Fibonacci retracement zone between 50% and 61.8%, ( a golden pocket zone). If and when it retraces lower, it will be a very good opportunity to join the trend. Lets see how it progresses. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:SYALong
by AsimMirzaTrader
6
Telstra Jumps On Declared Special DivAbove we see the TLS weekly time frame. Technically, the moving averages are in a bullish stack with the shorter-term green > intermediate orange> longer-term red. Moreover, there is good angle and separation which indicates a strong momentum for the telecom. On a classical charting basis, TLS may have charted a double bottom, which is an accumulation pattern. The company released its results today, saying that it expects to return to full-year growth in its fiscal 22. During the current period, the company paid down debt and monetised more than $2bn of assets. Of note, shareholders will receive a fully-franked dividend (i.e., paid from earnings after tax) of 8cps, which included a special dividend of 3cps.
ASX:TLSLong
by FXCM