Get started

DJI

DXY Is About To Revert - Peak Strength Index - 63 DXY Possible? The DXY has been in a position like this 3 times in history 1985 | 2001 | 2023 Every time the DXY has had a TSI 4W cross while the Stoch RSI was in the afterburn stage of rising with the Japanese Currency (JPY) either breaking major support or major resistance it has led to a complete rubber band reversal of the DXY. We now have the USDJPY hanging onto to support from 1990s. DXY losing momentum, PMI index reverting. DXY in Burn Zone. TSI showing strength loss. Annual inflation rate in the US 3% Does not matter if you think the SPY is overvalued, the FRED is done raising rates Inflation has collapsed (for now) meaning their next option is to hold / drop rates + initiate stimulus. This will cause a panic reaction and rush back into all assets away from bonds and money market funds. Recession will be avoided for 2024 and many will blame the FRED for "printing money" but the reality is this is going to cause every market to overheat and burn up depending on how fast the DXY reverts. This is where you get the flash backs of 1920s leverage something worse will develop over the next years and create a larger problem. Get the popcorn ready.
TVC:DXYShort
by FederalXBT
DOW JONES - Streamlining My Long-Term View For Clarity..."As mentioned previously, I decided to take a hiatus from chart analysis to focus on personal growth. I'm committed to delivering high-quality insights and refuse to share subpar ideas just for the sake of it. Continuous improvement is my mantra, and stagnation isn't an option for me. During this break, I've reevaluated my bearish stance to gain a fresh perspective. This shift in outlook has enabled me to grasp the potential bullish future of cryptocurrencies. Understanding the 'why' behind these possibilities has been crucial, and my chart-free period has been instrumental in achieving this clarity.
TVC:DJI
by AriasWave
1
$NDX $SPX $DJI forming ominous patternAs we mentioned yesterday, the TVC:NDQ is poised for a big move some time this month. After posting that, noticed this pattern. Was busy so didn't write it up. Was out all day celebrating daughter & nephew's bday🎉 Do you see it on the DJ:DJI & CBOE:SPX as well? We bring up the Head & Shoulder Pattern every so often. It signifies tops. HOWEVER, this pattern needs the confirmation of breaking the neckline (bottom line - support), especially with volume. TVC:RUT stays in channel the entire time #stocks NASDAQ:QQQ AMEX:DIA CBOE:SPX AMEX:IWM
NASDAQ:NDX
by ROYAL_OAK_INC
✅ Daily Market Analysis - FRIDAY SEPTEMBER 08, 2023Key events: Japan - GDP (QoQ) (Q2) Canada - Employment Change (Aug) Canada - Unemployment Rate (Aug) On Thursday, the global stock markets faced widespread declines, with notable losses observed in the S&P 500 and Nasdaq indices. These drops were primarily attributed to the performance of Apple (NASDAQ: AAPL). Simultaneously, the US dollar strengthened following the release of US jobless claims data that fell short of expectations. Remarkably, initial claims for state unemployment benefits decreased to 216,000 in the week ending on September 2nd, a drop from the revised figure of 229,000 from the previous week. These numbers marked the lowest weekly claims since February. Furthermore, a separate report indicated that US worker productivity in the second quarter did not display the vigor initially reported. Consistently, recent data bolsters the notion that the US economy continues to demonstrate resilience, potentially leading to an extended period of elevated US interest rates. In a surprising turn of events, Apple witnessed a staggering loss of approximately $200 billion in market capitalization over a mere two days. This substantial decline was attributed to reports suggesting that China is imposing restrictions on the use of iPhones by state employees. Apple stock daily chart This setback had a cascading effect on the broader US technology sector, leading to a decline in its overall performance. At the same time, shares of numerous significant Apple suppliers located in Asia also witnessed declines during Friday's trading. It's worth noting that China represents a substantial market for Apple, accounting for nearly a fifth of the company's total revenue. Additionally, both Apple and its suppliers play a crucial role in providing employment to thousands of workers in the region. This development comes just ahead of a highly anticipated Apple event scheduled for next week. During this event, the tech giant, valued at an impressive $2.78 trillion, is expected to unveil its new iPhone 15 lineup alongside innovative smartwatches. In the broader market, the Dow Jones Industrial Average managed a modest gain of 57.54 points, equivalent to a 0.17% increase, reaching a level of 34,500.73. Conversely, the S&P 500 experienced a decline of 14.34 points, representing a 0.32% decrease, settling at 4,451.14. Meanwhile, the Nasdaq Composite registered a more substantial drop of 123.64 points, equivalent to a 0.89% decrease, concluding the day at 13,748.83. NASDAQ Index daily chart S&P500 Index daily chart DJI Index daily chart In addition to tracking market dynamics, investors also paid close attention to remarks from Federal Reserve Bank of New York President John Williams. He raised an intriguing question about whether monetary policy has reached a juncture where it could be considered adequately restrictive to bring about economic equilibrium. A recent Reuters poll of forex strategists underlines that the strength of the dollar is expected to pose challenges for most major currencies as the year nears its end. The enduring appeal of the US currency has indeed presented hurdles for other currencies in the global marketplace. US Dollar Currency Index daily chart Throughout this week, the euro has witnessed a 0.5% decrease and has held steady at $1.0715 during the Asian trading session. Investors are presently evaluating the likelihood that the European Central Bank will opt for a status quo approach rather than moving forward with an interest rate hike in the upcoming week. EUR/USD daily chart On another front, the Japanese yen has descended to fresh lows, levels not witnessed in a span of ten months, with its current trading rate at 147.19 yen per dollar. The currency is inching ever closer to the critical 150 mark, a threshold where traders believe there's a substantial likelihood of government intervention to offer support and restore stability to the currency. USD/JPY H12 chart
by FOREXN1
16
Dow Jones on a continuous and strong uptrend in 2023Raising inclination trend has confirmed on the Dow Jones. What this means is that the rising trend is going up at a higher degree. A normal trend is around 45 degrees. A stronger trend is 60 degrees. and once it starts rallying above 60 degrees this is where GREED kicks in and you should prepare for downside. Also there is a strong Rising Channel which I'm sure countless range traders are loving at the moment as well as Trend traders. Price>200 RSI>50 Target 37,000
DJ:DJILong
by Timonrosso
1
SPY TARGET 807 Enjoy The Repricing Jerome. Crisis 24 ignite. CFTC S&P 500 speculative net positions -142.1K? USM2 Barely able to contract the supply under 20M? Reserve Banks At Breaking Point - FORCED to stop hikes > lowering soon Money Market Funds 5.693T will look to exit UST's as momentum in the PMI picks up. Look familiar? Only this time we have global debasement where China / Japan will be forced to QE trillions to backstop their debt. All pointing to a chaotic melt up / readjustment of the US markets. The problem with printing trillions to prevent a crisis is that money then weaves itself into the fabric of the problem you tried to control. You CANNOT remove this capital used to plug the hole in the sinking ship. This market looks primed to turn and go straight full throttle vertical. Crisis 19 avoided Crisis 24 ignite.
AMEX:SPYLong
by FederalXBT
NDQ | Hidden in plain sight...This is a period of recession, a period when hands change. Last becomes first and first becomes last. Curiously, if you mix and match the main indices, you will get bored of the same shape appearing over and over again. They all appear in the same period. This stuff is hidden in plain sight... NDQ vs DJI SPX vs NYA NDQ vs RUI RUI vs NYA RUA vs DJI This one is full of small HnS. A little rough but okay. And an extra speculation: DJI vs SPX Question: Where do all these HnS lead to? Who is the final recipient? Since all these charts are comparative to one another. Tread lightly, for this is hallowed ground. -Father Grigori
TVC:NDQ
by akikostas
6
✅ Daily Market Analysis - FRIDAY SEPTEMBER 01, 2023Key events: USA - Average Hourly Earnings (MoM) (Aug) USA - Nonfarm Payrolls (Aug) USA - Unemployment Rate (Aug) USA - ISM Manufacturing PMI (Aug) ISM Manufacturing Prices (Aug) As August drew to a close, US equities continued their upward momentum, driven by the excitement surrounding the forthcoming employment report for the same month. Maintaining a streak of four consecutive positive sessions, Wall Street's major indices wrapped up Wednesday with gains. The Dow Jones Industrial Average, which represents established companies, inched up by 0.1%. Simultaneously, the broad-based S&P 500 recorded a 0.4% increase, while the technology-focused Nasdaq Composite enjoyed a 0.5% ascent. NASDAQ index daily chart SPX index daily chart DJI index daily chart Nonetheless, it's important to highlight that despite recent gains, these major benchmarks are still set to end the month with declines. In August, both the DJI and Nasdaq Composite recorded approximately 2% declines, while the S&P 500 saw a decrease of 1.4%. Recent economic indicators, including a second-quarter gross domestic product (GDP) that fell short of expectations and core inflation data released on Thursday, have injected optimism into investors. This optimism arises from the possibility that the Federal Reserve might be nearing the end of its series of interest rate hikes. In July, core inflation, as predicted, rose compared to June on an annualized basis. Despite this increase, the figures remained below the elevated levels seen in the previous year. The Federal Reserve, which has emphasized its data-driven approach to interest rate decisions, could interpret these reports as indications that their previous actions are starting to yield results. While their goal is to keep inflation in check with an annual growth rate of 2%, the central bank might opt to postpone a rate hike during its September meeting. Market futures largely reflect expectations of such a pause, with certain futures traders assigning probabilities to a 0.25% increase in November, effectively concluding the year. The forthcoming jobs report on Friday stands as another critical factor in the Federal Reserve's decision-making process for the upcoming month. Recent data has indicated that job openings this week were lower than anticipated. Furthermore, the jobs report is expected to reveal a slower rate of job creation compared to previous months. The Federal Reserve has been actively monitoring indicators that suggest the tight labor market is gradually easing, a development that would help alleviate inflationary pressures. Analysts anticipate the economy added 170,000 jobs last month, down from the 187,000 reported the previous month. The unemployment rate is expected to remain at 3.5%. US nonfarm payroll Additionally, today also brings the release of the ISM manufacturing index, which is expected to show a reading of 47, an improvement from the previous reading of 46.4. In other news, Huw Pill, an economist at the Bank of England, has made an announcement that goes against market expectations. He intends to advocate for maintaining rates at 5.25% for an extended period, contrary to the market's anticipation of a 50 basis point increase to 5.75%. This statement was reported by the Financial Times. Pill expressed his support for this steadfast approach, citing its potential to ensure financial stability, gradually ease the impact on the economy, and effectively transmit higher rates into two- and five-year fixed-rate mortgages, which are commonly used lending instruments for property transactions in the UK. He made these remarks during a conference in South Africa. UK interest rate The situation seems to be unfolding without significant disruptions. Central banks worldwide are echoing similar sentiments, emphasizing their unwavering commitment to combatting inflation, which implies a prolonged period of higher interest rates, but not necessarily a constant upward trajectory. The US Dollar demonstrated strength against all currencies except the Japanese Yen. Recent data on unemployment benefits in the US showed a decrease to 228,000, surpassing median forecasts that had anticipated 236,000. USD/JPY daily chart This decline represented the lowest reading seen in the past four weeks. The Euro (EUR/USD) broke its three-day upward streak, declining to 1.0840 from the previous level of 1.0880. This shift in direction coincided with the release of the European Central Bank's (ECB) meeting minutes, which revealed concerns about inflation and a less optimistic growth outlook. Conversely, the British Pound (GBP/USD) strengthened against the US Dollar, reaching 1.2670, an increase from the previous rate of 1.2645. EUR/USD daily chart GBP/USD daily chart
by FOREXN1
4
DOW JONES sets course for the All Time High in the next 2 monthsDow Jones (DJI) held its 1D MA100 as Support and as projected on our analysis last week (see chart below), it formed a Higher Low on the 5-month Channel Up and rebounded: We now move to the 1W time-frame where this week's 1W candle is so far the strongest since July 17 and already recovered the 1D MA50 (red trend-line). After completing the standard -4.70% correction to the Channel's bottom, the norm within this pattern is to first post a +6.15% rise and ultimately complete the Higher High with a +9.00%. As a result, our short-term target is 36100 (+6.15%) and by the end of October 36960 (+9.00%), which is the All Time High since January 2022! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
4
✅ Daily Market Analysis - TUESDAY AUGUST 29, 2023Key events: USA - CB Consumer Confidence (Aug) USA - JOLTs Job Openings (Jul) On Monday, Wall Street wrapped up the day with a positive tone, propelled by notable gains in companies like 3M and Goldman Sachs. This uptick came just ahead of the anticipated release of significant inflation and jobs data later in the week. The forthcoming data carries the potential to offer valuable insights into the Federal Reserve's future course of action regarding interest rates. Particularly, 3M saw a substantial surge of 5.2% in its stock value. This surge was triggered by reports suggesting that the conglomerate has tentatively reached an agreement to resolve over 300,000 lawsuits linked to the sale of faulty combat earplugs to the US military. The reported settlement amount is said to surpass $5.5 billion. 3M stock daily chart All three major stock indices exhibited upward momentum as investors digested the comments made by Fed Chair Jerome Powell last Friday. These statements highlighted the prudent stance adopted by Powell and his colleagues at the Federal Reserve in their handling of adjustments to monetary policy. Their objective is to effectively address the escalation in prices while avoiding any disruptive repercussions on the overall economy. NASDAQ index daily chart SPX index daily chart DJI index daily chart According to the CME's Fed Watch Tool, there is an approximately 80% chance that the Federal Reserve will maintain borrowing costs within the range of 5.25% to 5.50% in its upcoming September meeting. Meanwhile, the likelihood of a 0.25 percentage point rate increase during the November gathering stands just below 50%. This marks an increase from the previous week's probability of around 35%. The imminent release of the personal consumption expenditure index, which is the preferred gauge of price growth for the Fed, on Thursday, will offer the central bank an occasion to evaluate the direction of inflation. US Effective Federal Funds Rate Furthermore, policymakers will meticulously scrutinize the nonfarm payrolls report for August, which is slated for release on Friday. According to economists' projections, there is an estimated addition of 170,000 jobs in the US during the month, indicating a decline from the 187,000 positions added in July. Concurrently, the unemployment rate is expected to remain steady at 3.5%. Such an outcome might imply that the Fed's succession of rate hikes could be influencing employers' appetite for labor, even as the overall job market maintains its tight characteristics. While the US Dollar (USD) displayed a relative lack of strength against most G10 currencies, its behavior took a divergent path when compared to the Japanese Yen (JPY). In this context, the JPY's movement was swayed by the prevailing risk-on sentiment within the trading landscape. This sentiment was further influenced by the elevated short-term yields observed in US Treasury bonds. USD/JPY 8H chart Out of the myriad of currencies, the Australian Dollar (AUD) emerged as the leader in terms of making strides against the USD. The AUD's substantial strengthening can be ascribed to a convergence of multiple factors. Among these factors, one notable contributor was the affirmative measures undertaken by Chinese authorities to bolster their domestic equity market. Moreover, the AUD's performance was further boosted by robust retail sales data originating from Australia. The intricate interaction of these favorable circumstances coalesced to result in a noteworthy uptick in the Australian Dollar's value within the currency markets. AUD/USD 8H chart During the entirety of August, the EUR/USD currency pair has been entangled in the repercussions of a resurgent USD. Concurrent with the overarching shifts of the USD against diverse currencies, a consistent flow of unfavorable news related to the Euro (EUR) has played a substantial role in shaping this evolving trend. EUR/USD daily chart Of particular significance is the ongoing downward trend in economic indicators originating from the Eurozone. This trend has exacerbated concerns about the path of the region's predominant economy, Germany, which is experiencing a rapid decline. This deterioration has prompted investors to reconsider their expectations regarding future interest rate hikes by the European Central Bank (ECB). As a result, the prevailing sentiment has shifted, with expectations of any imminent rate hikes now being subdued.
by FOREXN1
5
$DJI looking good but OMINOUS longer term pattern emergesGood Morning! Since the call on DJ:DJI , it has been up & adding some more today. Within 2 weeks AMEX:DIA is going to break down OR it will continue it's longer term up trend. Bulls like this current action. HOWEVER, there is an ominous pattern forming on longer term charts. A Rising Wedge pattern tends to be BEARISH. Not coincidental that the peak is very close to the all time highs on $DJI. (Not shown here, pls see profile for more info) Monthly AMEX:DIA has been trending inside it PERFECTLY! It's going 2b an interesting end of year Coincidentally, the pattern resolves in December.
DJ:DJI
by ROYAL_OAK_INC
Market Recoveries: be Wary of DXYStock and Crypto markets should be aware that, while DXY appears to be in a free fall lending fuel for the recoveries we've been seeing across markets, it could yet turn back up - thus greatly shortening the fuel for these recoveries. Scenarios: - Very Short Recovery across markets -- DXY turns up here somewhere between the middle of the weekly or monthly middle of the W pattern shown on the weekly chart above - Short but Stronger Recovery across markets - DXY still turns up in the same area as above, but it spends a good bit of time hanging out here before moving up towards 118 - Extended Recovery across markets - DXY falls and stays below the red box and continues down
TVC:DXY
by dudebruhwhoa
4