Get started

DJI

DJI - Rising Trend Channel [MID-TERM]🔹Rising trend breaking downwards in medium long term. 🔹Support level is around 34425, indicating good buying opportunities. 🔹Support at 34200, potentially indicating a POSITIVE reaction, but a break downwards through 34200 indicating a NEGATIVE signal. 🔹Technically positive for the medium long term. Chart Pattern: 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
TVC:DJILong
by wavepoint99
Dow Jones Industrial Average Key MomentMACRO MONDAY Dow Transportation Average Index DJ:DJT The Dow Jones Transportation Average (DJT) is a price-weighted average of 20 key transportation stocks traded in the United States. The transportation sector acts as a leading indicator as it is further up the value chain ahead of the final products being sold by companies in Dow Jones Industrial Average $DJI. For this reason, in some circumstances we can use the DJT as a helpful leading indicator for the direction of the economy Currently we are at a critical juncture on the DJT chart as we are testing significant resistance levels - The DTJ Index is at a critical diagonal and horizontal resistance level - A break through or rejection of the resistance will provide insight into the direction of the economy - There is a potential Head and Shoulders pattern that needs to be validated or invalidated which will be defined by the price reaction to the resistance zone. We can observe what happens over the coming weeks and how price reacts to the resistance. Can it break above it and turn it into support? When the DJI is climbing higher while the DJT is falling, it can be a signal of economic weakness ahead. A divergence of this sort means goods are not being transported at the same rate they are being produced, suggesting a decline in nationwide demand. This type of divergence occurred prior to the March 2020 crash with the DJT making its ATH in Dec 2020, thereafter the DJI made a new ATH in February 2020 whilst the DJT was closing almost 5% lower making a lower high. Those that study Dow Theory were key observers of the divergence and acted accordingly safeguarding their portfolios. Thankfully, at present there is no divergence. I will follow up in the comments with a chart showing that the DJI and the DJT are currently very closely aligned. Regardless paying close attention for a divergence could be very beneficial for your portfolio. I will certainly be on the look out and notify you in the event of. Thanks for reading and welcome to Macro Mondays PUKA
DJ:DJT
by PukaCharts
Michael Burry Bets $1.6B On Market Crash - Dow Jones Down 500+Michael Burry has placed a substantial $1.6 billion bet on an imminent stock market crash, representing 90% of his firm's assets. Known for his accurate prediction of the 2008 US housing market crash which netted him $100 million, Burry's recent move follows a 500-point drop in the Dow Jones in just two days. Despite this downturn, the Dow Jones has shown a positive trend in 2023, rising over 1,500 points. It's vital for investors to discern between short-lived market shifts and long-term trends. An in-depth analysis of the Dow Jones reveals a robust support level from December 2022 at $34,712, further reinforced by the daily 50 SMA just beneath. This strong support could be pivotal in pushing the index upwards, potentially eclipsing its January 2022 record high of $36,952.
TVC:DJI
by Sublime_Trading
DOW JONES First time near the 1D MA50 since July 10.Dow Jones is having the strongest pull-back since late May, so far still within the technical boundaries of the 5 month Channel Up. In doing so, it is only a few points before hitting the 1D MA50 (blue trend-line), which has been intact since the July 10 Low. Despite that contact, the index hasn't closed a 1D candle below the 1D MA50 since June 01, which was at the start of that Channel Up Higher Low. As a result, we remain bullish aiming at a +6.10% rise to 36800, as long as the 1D candle closes above the 1D MA50. If it fails we will take the small loss and quick sell instead towards the 1D MA100 (green trend-line) at 34200, which is exactly at the bottom of the 5-month Channel Up. If that scenario is materialized, then we will only buy again after the 1D MACD completes a Bullish Cross, most likely (but not necessarily) closer to the 1D MA200 (orange trend-line). In that case our buy target will be 36900, just below the All Time High of 2021. P.S. The 1D RSI already broke below its Higher Lows trend-line, potentially an early bearish warning. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
1
Stocks still struggling - $SPX copying late 2021?The risk in #stocks is still not to the upside. Took a trade before this rally, but that's it, a trade, already done too. Lower low today, still expect to be positive for the day, but until we get some sort of reversal, the risk is still to downside. TVC:DJI AMEX:UDOW NASDAQ:NDX is trying to find a bottom but here's not best place. Very light support. CBOE:SPX looks weakest of the 3. We could very well be doing what happened in late 2021. One last hurrah & then kaput.
SP:SPX
by ROYAL_OAK_INC
DJI yearly CRASH or Sideways incoming??Looking at past times on DJI yearly time frame where Stoch rsi has crossed below the 80line it has resulted in major market crashes or dead sideways markets for long periods.. With how the economy is world wide at the moment id say things are about to get pre ugly for the markets. Monthly time frame also trying to set a Lower High.. Not feeling too optimistic Any thoughts on subject is welcome and would love to hear others opinions on the current state
TVC:DJI
by Wen2TradeOfficial
DOW JONES The Inverse Head & Shoulders no-one is talking about.The Dow Jones (DJI) index remains within its 5 month Channel Up pattern that started in mid March and recently hit its top. What the majority of the market is missing is a stronger pattern on the wider 1W time-frame. This long-term chart shows that an Inverse Head and Shoulders (IH&S) pattern priced its Head (bottom) when the Channel Up started and completed the Right Shoulder on the first week of July. As a result, the aggressive 3 week rally that followed is a natural consequence of the completion of that pattern, similar to the October - November 2022 rally that led to the start of the IH&S. Such patterns can technically target as high as the 2.0 Fibonacci extension level, which sits just above the 36975 All Time High. As the 1W RSI is bounce on a Pivot level (formerly a Resistance), we have more reasons to continue to be bullish in this market and target first the 35900 Resistance and ultimately the ATH at 36975, potentially all within the boundaries of the Channel Up. ------------------------------------------------------------------------------- ** 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
12
DIA - Rising Trend Channel [MID-TERM]🔹Achieved target at 351 after breaking Rectangle formation. 🔹Supports 342 in NEGATIVE reaction. 🔹RSI curve shows rising trend, supporting positive trend. 🔹Technically POSITIVE for medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
AMEX:DIALong
by wavepoint99
NDX - Rising Trend Channel [MID -TERM]🔹Index shows NEGATIVE signal from double top formation, broke support at 15426. 🔹Signals further decline to 15057 or lower. 🔹Supports 13600 and resistance at 15800 🔹Technically NEUTRAL for medium long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:NDX
by wavepoint99
✅ Daily Market Analysis - FRIDAY AUGUST 04, 2023Key News: USA - Average Hourly Earnings (MoM) (Jul) USA - Nonfarm Payrolls (Jul) USA - Unemployment Rate (Jul) Canada - Employment Change (Jul) Canada - Unemployment Rate (Jul) European markets faced a challenging day yesterday, witnessing a continuation of losses. The DAX marked its fourth consecutive day of decline, while the FTSE100 closed lower for the third straight session. Despite the persistent downward trend, there was a glimmer of hope as both indices managed to recover slightly from their day's lows, suggesting a hint of resilience in the market. DAX indices H4 chart FTSE100 indices daily chart In the US, the trend of market declines continued for the third consecutive day. Despite the US dollar reaching a fresh four-week high, it ended the day unchanged. The Dow also closed lower on Thursday, influenced by rising Treasury yields reaching multi-month highs. This increase in yields dampened investor sentiment as they awaited the upcoming jobs report scheduled for release on Friday. Dow Jones Industrial Average Index daily chart Despite positive earnings reports from tech giants Apple and Amazon after the market's close, market sentiment hasn't seen a notable surge as we approach the weekend. One potential factor contributing to this week's market weakness is the recent Fitch downgrade of the US AAA rating to AA+. While the downgrade itself didn't provide any new information, it might have impacted investor confidence. Nevertheless, the overall state of the US economy appears to be robust, with the services sector showing resilience, even amidst concerns about the manufacturing sector. The July ISM survey further demonstrated the economy's strength, with a solid performance. Prices paid increased, indicating ongoing inflation concerns, which may result in sustained elevated interest rates for an extended period. The employment component of the survey, however, ticked lower, suggesting potential cautiousness in hiring practices. Despite these factors, the market sentiment remains cautious as the weekend approaches. Investors are likely to keep a close eye on any developments that could impact the overall market outlook going forward. US nonfarm payrolls The focus of the day lies on the release of the July jobs report in the US, which comes after the recent 25 basis points rate hike by the Federal Reserve, possibly the final hike of the current cycle. Market expectations are for the report to highlight the continued strength and resilience of the US economy. Analysts anticipate the addition of approximately 200,000 jobs to the US economy, with the unemployment rate remaining steady at 3.6%. However, there might be a slight dip in average hourly earnings, dropping from 4.4% to 4.2%. Meanwhile, Canada's jobs report is also expected to show robust numbers, following the addition of 59,000 jobs in June. The pound experienced a volatile trading day yesterday, touching a one-month low before staging a strong rebound to finish unchanged. The Bank of England's recent decision to raise interest rates by 25 basis points, bringing them to a new 15-year high, has raised some questions. There are indications that rates might stay at their current levels for an extended period. Comments from Deputy Governor Ben Broadbent have suggested that the UK's rate policy is already restrictive and that interest rates might now be above the neutral rate. Future rate hike decisions will likely depend on the upcoming CPI inflation reports, with the first one due in under two weeks. In the forex market, the GBP/USD pair is showing a positive outlook, breaking a four-day losing streak during the early Asian session on Friday. GBP/USD daily chart Today, gold prices saw a modest rise as traders exercised caution in anticipation of the release of crucial labor data that could have an impact on US monetary policy decisions. The market remains watchful, and the outcome of the labor data is likely to influence investor sentiment and the direction of gold prices in the near term. XAU/USD daily chart Earlier this week, the price of gold experienced a notable decline, primarily driven by concerns surrounding a potentially hawkish stance from the Federal Reserve, which in turn strengthened the US dollar. As the market perceived the US economy to exhibit resilience, expectations of further interest rate hikes by the Federal Reserve increased, with the belief that there is ample room for additional economic adjustments. These factors have played a significant role in shaping the recent movements of gold prices in the market.
by FOREXN1
10
✅ Daily Market Analysis - MONDAY JULY 31, 2023Key News: China - Manufacturing PMI (Jul) Eurozone - CPI (YoY) (Jul) The Dow Jones Industrial Average celebrated a third straight weekly gain, rising 0.5% or 176 points. The surge was driven by investors' interest in leading tech and chip stocks. The market rally was fueled by declining Treasury yields and signs of inflation deceleration, leading to optimism that the Federal Reserve had concluded its interest rate hike. Nasdaq soared 1.9%, and the S&P 500 climbed 1% in response to the positive news. Despite short-term gains, investors remain cautious of potential challenges like geopolitical uncertainties and supply chain disruptions. DJI indices daily chart Nasdaq indices daily chart S&P500indices daily chart The Dow Jones Industrial Average continued its winning streak, largely propelled by significant gains in big tech companies, including Apple Inc (NASDAQ: AAPL), Meta Platforms Inc (NASDAQ: META), Alphabet Inc Class A (NASDAQ: GOOGL), and Microsoft Corporation (NASDAQ: MSFT). These tech giants showcased a positive performance, backed by a decline in Treasury yields, triggered by a notable slowdown in a key Fed inflation measure. The personal consumption expenditures, a crucial inflation indicator, displayed a considerable deceleration, growing at a 0.2% pace in June, compared to 0.1% in the previous month. Moreover, the annual pace for the same period stood at 3%, significantly lower than the 3.8% recorded in the prior month. This data served to reinforce the market's belief that the Federal Reserve might pause its monetary policy tightening. As investor confidence in a potential Fed pause grew, both the 2-year and 10-year Treasury yields slipped. Investors adjusted their expectations, reducing the likelihood of further rate hikes in the near future. The positive performance of tech giants and the decline in Treasury yields contributed to the Dow Jones' third consecutive weekly win. This market rally signifies growing optimism among investors, but potential challenges, such as geopolitical uncertainties and supply chain disruptions, warrant cautious consideration. Staying informed and employing prudent investment strategies will remain essential as the market continues to evolve. US02Y Treasury yields US10Y Treasury yields In a week marked by volatility and month-end trading, the US Dollar experienced a noteworthy surge of 1.6% against the Japanese Yen, reaching 141.15, up from 139.50. However, the Dollar's performance against other major and emerging market currencies presented a more mixed picture. The Dollar's substantial gain against the Japanese Yen was likely influenced by various factors, including shifts in market sentiment, economic data releases, and geopolitical developments. The Yen is often considered a safe-haven currency, sought by investors during times of uncertainty. Therefore, any fluctuations in global sentiment may have prompted investors to move funds into or out of the Yen, influencing its exchange rate against the Dollar. On the other hand, the Dollar's performance against other currencies was less uniform. This could be attributed to varying economic conditions and policy outlooks in different countries, as well as diverging interest rate expectations. Central banks' monetary policies, economic indicators, and geopolitical events all play a role in shaping currency valuations and exchange rate movements. USD/JPY daily chart The Bank of Japan (BOJ) caught the markets off guard during its recent meeting by making an unexpected adjustment to its Yield Curve Control policy. The BOJ announced its intention to purchase 10-year Japanese Government Bonds (JGBs) at a yield of 1.0% every day. This move led to market turbulence as investors reacted to the surprising tweak in the central bank's bond-buying program. Despite this adjustment, Japan's Policy Rate remained unchanged at -0.10%. The Policy Rate represents the interest rate at which financial institutions can borrow from the central bank, and the BOJ's decision to keep it steady indicates its commitment to maintaining an accommodative monetary policy stance. BOJ Governor Ueda sought to clarify the central bank's intentions during a subsequent press conference. He emphasized that the recent adjustment in the Yield Curve Control policy should not be interpreted as a step towards rate normalization. In fact, Governor Ueda assured that the BOJ has no immediate plans to raise interest rates and, instead, aims to weaken the Yen. The BOJ's actions are driven by a desire to support Japan's economy and achieve its inflation target. By purchasing JGBs at a fixed yield, the central bank aims to influence borrowing costs and stimulate economic activity. Meanwhile, in Australia, unexpected declines in both June Retail Sales and Producer Prices had a negative impact on the Australian Dollar (AUD). The AUD dropped from its Friday opening level of 0.6710 to close at 0.6650, reflecting investors' concerns about the country's economic performance. The decline in Retail Sales indicates weaker consumer spending, which is a crucial component of economic growth. Additionally, lower Producer Prices may signal reduced business profitability and potential downward pressure on inflation. Both factors combined to create uncertainty about Australia's economic outlook, leading to the AUD's depreciation. Currency markets are highly sensitive to economic data releases, central bank decisions, and global events. As demonstrated by the recent developments in Japan and Australia, unexpected news and policy changes can result in significant currency fluctuations. AUD/USD daily chart he Australian Dollar (AUD) experienced turbulence in response to unexpected economic data releases in Australia. June Retail Sales recorded a significant decline of -0.8%, falling short of the anticipated 0% growth. Moreover, the Producer Price Index (PPI) on a year-on-year basis dropped to 2.0%, considerably lower than the previous figure of 5.2% and below estimates of 2.9%. These surprises in economic indicators raised concerns about the country's economic performance and resulted in fluctuations and uncertainties in currency markets during the week and month-end trading. As a result of the AUD's depreciation, it dropped from its Friday opening level of 0.6710 to close at 0.6650 against other major currencies, reflecting investors' cautious stance. In the midst of economic uncertainties, gold prices remained relatively stable, trading within a narrow range on Monday. Investors adopted a wait-and-see approach, anticipating further significant indicators regarding the state of the US economy for the week ahead. The previous week had seen gold prices close relatively unchanged after the Federal Reserve's expected interest rate hike and its reaffirmation of plans for at least one more rate increase later in the year. Gold, often seen as a safe-haven asset, tends to respond to changes in interest rates and economic uncertainties. The Federal Reserve's decision to raise rates as part of its monetary policy tightening can impact the opportunity cost of holding gold, as higher interest rates may make other interest-bearing assets more attractive to investors. XAU/USD daily chart Inflation Eases, Nonfarm Payrolls Awaited: Impact on Rates and Gold Prices Last week, a report revealed that inflation, particularly measured by the Fed's preferred gauge, eased further in June. This development may lead to a less aggressive approach from the central bank in terms of rate hikes. Investors are now focused on the release of key US nonfarm payrolls data this week, as it is expected to provide insights into the strength of the labor market. Despite the Fed's intention to cool down the labor market with rate increases, US employment has remained robust throughout the year, possibly prompting the central bank to adopt a more hawkish stance. Minneapolis Fed President Neel Kashkari's comments suggested a data-driven approach to future rate hikes, indicating that decisions would depend on incoming economic data. He expressed positive sentiments on inflation but also anticipated some cooling in the labor market this year. For gold, any potential pauses in the Fed's rate hike cycle could have a positive impact, as rising interest rates tend to increase the opportunity cost of holding the precious metal. However, strong US economic readings from last week put downward pressure on gold prices, as concerns arose that the strength in the US economy might allow the Federal Reserve to continue hiking rates. As the markets eagerly await the nonfarm payrolls data and closely monitor inflation trends, the US Federal Reserve's future actions will likely heavily influence both currency and commodity markets. Investors should closely follow economic indicators, central bank communications, and geopolitical events to make informed decisions amidst the evolving economic landscape.
by FOREXN1
1
$DJI $NDX $SPX $RUT closesHow #indices closed last week. TVC:DJI After a BEARISH ENGULFING it then closed Friday with a doji = battle for the bulls and bears which is unresolved NASDAQ:NDX Fighting back but it is still showing Negative RSI Divergence. SP:SPX Suffering from Negative Divergence. We''ll how #SPX trades over the next few days, weeks. AMEX:RSP (Equal weight) was weaker. This means that the usual big boys pulled more weight. TVC:RUT needs big move soon, lower highs. Lots of earnings this week! Have a great trading week!
DJ:DJI
by ROYAL_OAK_INC
✅ Daily Market Analysis - FRIDAY JULY 28, 2023Key News: Japan - BoJ Press Conference USA - Core PCE Price Index (MoM) (Jun) USA - Core PCE Price Index (YoY) (Jun) The Dow Jones Industrial Average is on the verge of breaking its longest winning streak in 36 years, fueled by Wall Street's tech-driven rally. The index achieved an impressive 13 consecutive sessions of closing higher until a slight 0.5% decline on Thursday afternoon, following earlier gains. Despite the dip, the rally's expansion across various sectors promises exciting prospects for investors. Dow Jones Industrial Average Index daily chart While investment professionals may lean towards the S&P 500 due to its broader representation of the market with over 500 stocks, the Dow Jones remains a prominent fixture in news media and enjoys widespread recognition among many Americans. The recent impressive surge in the Dow Jones is closely linked to traders' prevailing belief that the US Federal Reserve's decision to raise interest rates by 25 basis points on Wednesday signifies the conclusion of its efforts to combat inflation. This move has instilled confidence in investors, who are now optimistic about the US economy's resilience and its potential to steer clear of a recession. S&P 500 daily chart According to S&P Dow Jones Indices, the Dow Jones' longest winning streak on record dates back to 1897, lasting an impressive 14 sessions. In spite of its recent gains, the Dow Jones has not performed as strongly as other major indices on Wall Street in 2023. Year to date, it has risen by 7%, while the S&P 500 and Nasdaq have experienced more significant gains of 18% and 35%, respectively. During extended trading, Intel Corporation (NASDAQ: INTC) witnessed a substantial increase of 8.4% following its Q2 earnings report. The company exceeded expectations with earnings per share (EPS) of $0.13, outperforming analyst predictions of losses amounting to $0.04 per share. Furthermore, Intel reported a revenue of $12.9 billion for the quarter, surpassing the anticipated revenue of $12.09 billion. Intel Corporation stock daily chart Last night, the European Central Bank (ECB) made a noteworthy move by raising its main policy interest rates by 25 basis points, resulting in a deposit interest rate of 3.75%. The accompanying policy statement caught attention as it kept the possibility of further rate hikes open, but without adopting a more cautious stance. In response to the Federal Reserve's modest boost, the US markets received a slight uplift, while the European indices experienced significant gains this afternoon. The surprise came from ECB President Christine Lagarde's remarks, hinting that the rate hike campaign might conclude with a more dovish tone than initially anticipated. Consequently, the DAX, CAC, and other European indices surged, displaying robust bullish sentiment unaffected by strong US economic data. Although the FTSE's surge has slowed down this week, the overall market sentiment remains resolutely bullish. A few afternoon declines, primarily in Shell and Barclays shares, caused some drag, but the index still shows signs of further upside potential. Looking ahead, expectations point towards the Bank of England (BoE) following the lead of the Fed and ECB on rates. A dovish tone in the upcoming week should support UK stocks in reclaiming some lost ground. FTSE index daily chart During the early hours of Friday's Asian trading session, the EUR/USD currency pair is fluctuating within the range of 1.0980-1.0970. The pair is on a recovery path after experiencing a significant decline, marking its largest drop in 4.5 months during the previous day's trading. The current state of the Euro pair reflects the cautious sentiment prevailing in the market, as investors eagerly await the release of top-tier data from both Germany and the United States. The overall market sentiment appears subdued, reaching its lowest level in three weeks ahead of these crucial economic indicators. Investors are closely monitoring the data releases for potential insights into the economic outlook, contributing to the prevailing cautious atmosphere in the foreign exchange market. EUR/USD daily chart During the highly anticipated July policy review meeting, the Bank of Japan (BoJ) board members unanimously agreed to maintain their existing monetary policy settings without making any changes. This includes leaving interest rates at -10 basis points and keeping the 10-year Japanese Government Bond (JGB) yield target at 0.00%. The market's response to the BoJ's policy announcements was immediate, and the USD/JPY pair experienced a notable upward movement, gaining significant momentum. At present, the pair is trading at 140.06, representing a notable 0.45% increase for the day. In the aftermath of the BoJ's decision, there was a swift knee-jerk reaction, propelling the pair to test 141.08 before eventually settling at its current trading level. The BoJ's decision has had a considerable impact on the foreign exchange market, influencing the dynamics of the USD/JPY pair and prompting investors to closely monitor further developments. USD/JPY daily chart As Friday's trading approaches, investors are eagerly awaiting the release of crucial data on the PCE (Personal Consumption Expenditures) price index, a key indicator of inflation. This data will be closely monitored, as it can provide valuable insights into the current inflationary pressures in the economy. Additionally, market participants will be keenly interested in the Michigan consumer sentiment and expectations data. This data, reflecting consumer confidence and economic expectations, holds significant importance as it sheds light on consumer behavior and sentiment, which are crucial drivers of economic growth. On the earnings front, two major companies, Exxon Mobil Corp (NYSE: XOM) and Procter & Gamble Company (NYSE: PG), are scheduled to announce their quarterly results. These reports have the potential to significantly impact the stock prices of these companies and may also influence broader market sentiment. Investors will scrutinize these earnings reports to assess the financial health of these corporations and to gauge the overall health of their respective industries. As these critical data releases and earnings reports unfold on Friday, the financial markets are likely to experience heightened volatility and uncertainty. Investors are advised to exercise caution and remain vigilant during this period, as the outcomes of these events can have substantial implications for investment decisions and market trends.
by FOREXN1
4
DOW JONES Sell signal at the top of the Channel Up.Dow Jones reached the top of the 4 month Channel Up today just after crossing above Resistance (1). The MA50 (1d) is the first Support of this pattern and has been untouched since July 10th. Trading Plan: 1. Sell on the current market price. Targets: 1. 34450 (expected course of the MA50 1d). Tips: 1. The RSI (1d) is has formed a top pattern, same as April 13th and June 15th. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Short
by TradingBrokersView
2
✅ Daily Market Analysis - THURSDAY JULY 27, 2023Key News: Eurozone - Deposit Facility Rate (Jul) Eurozone - ECB Interest Rate Decision (Jul) USA - Core Durable Goods Orders (MoM) (Jun); USA - GDP (QoQ) (Q2; USA - Initial Jobless Claims; Eurozone - ECB Press Conference USA - Pending Home Sales (MoM) (Jun) On Wednesday evening, US stock futures exhibited a mixed trend following the Federal Reserve's decision to raise interest rates by 25 basis points, a move that was in line with market expectations. The major averages saw diverse trading patterns as investors closely monitored earnings reports from significant companies. At 6:55 pm ET, Dow Jones Futures declined by 0.2%, indicating a slightly negative sentiment for the Dow Jones Industrial Average. Meanwhile, S&P 500 Futures remained unchanged, suggesting a relatively stable outlook for the broader market represented by the S&P 500 index. On the other hand, Nasdaq 100 Futures rose by 0.2%, indicating a positive bias for the technology-heavy Nasdaq Composite index. The mixed trends in the futures market reflect the uncertainty and cautiousness among investors as they digest the impact of the Federal Reserve's interest rate hike and closely analyze corporate earnings reports. The Federal Reserve's decision to raise rates was widely anticipated, but the nuances in their accompanying statements and the economic outlook can still influence market sentiment. NASDAQ indices daily chart SPX indices daily chart DJI indices daily chart During extended trading, Meta Platforms Inc (NASDAQ: META) experienced a significant 7% surge in its stock price following the release of its second-quarter earnings report. The company's Q2 earnings per share (EPS) came in at $2.98, surpassing market expectations, which had anticipated earnings of $2.91 per share. Furthermore, Meta Platforms reported total revenues of $32 billion for the quarter, exceeding the projected revenue figure of $31.08 billion. Investors responded positively to the strong financial performance of the company, driving its stock price higher in after-hours trading. The better-than-expected earnings and revenues indicated a robust performance during the quarter and suggested that Meta Platforms was outperforming market forecasts. In addition to the impressive Q2 results, Meta Platforms Inc also provided optimistic guidance for the upcoming third quarter of 2023. The company forecasted revenues in the range of $32 billion to $34.5 billion for Q3, which surpassed the market's expected revenue of $31.2 billion. This positive outlook for the next quarter further contributed to the stock's increase in after-hours trading. Overall, Meta Platforms Inc's strong Q2 financial results and optimistic guidance for Q3 have buoyed investor confidence in the company's performance and future prospects, leading to a notable increase in its stock price during extended trading. Meta Platforms daily chart After reporting its second-quarter earnings, eBay (NASDAQ: EBAY) faced a decline of 4.8% in its stock value. The company's Q2 earnings per share (EPS) were reported at $1.03, slightly higher than the market's expectations of $0.99 per share. However, the company's Q2 revenues came in at $2.5 billion, slightly below the anticipated revenue figure of $2.51 billion. The stock price decline indicates that despite beating earnings estimates, investors may have been disappointed with eBay's revenue performance for the quarter. The revenue miss could have raised concerns about the company's ability to drive top-line growth in a competitive market. Looking ahead to the next quarter, eBay provided a positive outlook for its financials. The company projected EPS in the range of $0.96 to $1.01, surpassing the market's expected EPS of $0.92. Additionally, eBay forecasted revenues in the range of $2.46 billion to $2.52 billion, significantly higher than the market's expected revenue of $2.23 billion. The optimistic guidance for the next quarter suggests that eBay management expects improved financial performance in the coming months. This outlook might have provided some reassurance to investors, preventing a steeper decline in the stock price. Overall, the mixed reaction to eBay's earnings report reflects the complex interplay of various factors in the stock market. While beating EPS estimates and providing a positive outlook for the next quarter could be seen as positive signs, the slight revenue miss in Q2 may have tempered investor enthusiasm and led to the stock price decline. As with all earnings reports, market participants closely assess the financial metrics and guidance to form their investment decisions, which can result in varied reactions to the same set of results. eBay daily chart The Federal Reserve has implemented a 25 basis points increase in interest rates, bringing the range to 5.25% to 5.50%. This move marks the highest interest rate level observed in 22 years and aligns with the Fed's ongoing tightening campaign. In their statement, the Fed expressed a positive outlook for economic growth, acknowledging that economic activity has been expanding at a moderate pace. This represents a slight improvement compared to their previous description of growth as "modest." The focus on consumer prices remains a top priority for the Fed, as they emphasized that inflation continues to be elevated. Policymakers will closely monitor the risks associated with inflation, just as they have been doing in the previous months. The decision to raise interest rates was widely anticipated by the market, as the Federal Reserve has been communicating its intention to address the inflation surge and gradually normalize interest rates in response to the economic recovery. By increasing interest rates, the Fed aims to curb inflationary pressures and maintain a balanced economic environment. As the Fed continues to monitor economic developments and inflation data, future interest rate adjustments will likely be influenced by the pace of economic growth and the trajectory of inflation. The central bank will take a data-dependent approach to ensure that its monetary policy remains aligned with the evolving economic conditions. US Dollar Currency Index After the Federal Reserve's decision to raise interest rates, the US dollar experienced a decline against various currencies. This weakening of the dollar resulted in a notable increase in gold prices. As a safe-haven asset, gold tends to perform well during periods of uncertainty and when the value of the US dollar is under pressure. Investors are now closely monitoring key resistance levels for gold. The $1,973 level is seen as a minor resistance, and if gold surpasses this level, it could signal further upward momentum. Above that, the $1,978 level becomes significant, and a break above it might lead to additional gains for gold. The central bank's indication of a data-driven approach to future rate hikes means that the pace of rate increases will depend on the economic data and developments. This stance has been interpreted positively for gold as it implies that the Fed may be cautious in its tightening measures, which can weaken the US dollar and boost gold prices. Gold's strength in pushing further into the high-$1,900 an ounce territory indicates that investors are turning to the precious metal as a hedge against inflation and currency devaluation. The lingering uncertainty in the financial markets and the ongoing focus on inflation by the Federal Reserve have contributed to gold's attractiveness as a safe-haven asset. As global economic conditions and central bank policies continue to evolve, gold prices may remain sensitive to changes in the US dollar and market sentiment. Investors will closely follow economic data releases, monetary policy statements, and geopolitical developments to gauge the outlook for gold and make informed investment decisions. XAU/USD daily chart Despite showing some strength, gold remained stuck in a tight trading range for the past two weeks and struggled to break above the critical $2,000 an-ounce mark, which is often considered a significant level that could trigger further upward movement in the metal's price. One exception to the overall trend in the currency market was the Australian dollar. It defied expectations and weakened after the release of data that indicated a slowdown in domestic inflation during the second quarter. The decrease in inflation reduced the pressure on the Reserve Bank of Australia (RBA) to implement further policy-tightening measures. The data revealed that Australia's consumer price index (CPI) rose by 6% during the second quarter. This represented a deceleration from the 7% recorded in the first quarter and fell below the market's expectations of 6.2%. As a result, the Australian dollar depreciated to approximately $0.676 against the US dollar. The lower-than-expected inflation figures indicate that price pressures in Australia are not rising as quickly as anticipated, giving the RBA room to maintain a wait-and-see approach on monetary policy. A weaker inflation outlook reduces the likelihood of interest rate hikes in the near term, which can weigh on the currency's value. Overall, the tight trading range for gold and the Australian dollar's depreciation following the inflation data release reflect the cautious and uncertain market sentiment amid ongoing economic and monetary policy developments. AUD/USD daily chart This week, the market's attention is not only on the Federal Reserve's interest rate decision but also on upcoming rate decisions from the European Central Bank (ECB) and the Bank of Japan (BOJ). The ECB is widely expected to raise interest rates by 25 basis points, while the BOJ is likely to maintain its ultra-low rates and continue with its dovish policies. However, traders are cautiously watching for a potential hawkish surprise from the BOJ, given inflation trending above its target. The possibility of rising interest rates is generally considered negative for metal markets, and it is anticipated to limit significant gains in gold throughout the year. In Thursday's trading session, several important economic indicators will be closely monitored, including fresh core durable goods orders, GDP data, pending home sales, and jobless claims. These data points can offer valuable insights into the health and performance of the US economy. Furthermore, earnings reports from major companies such as Mastercard Inc, McDonald’s Corporation, Intel Corporation, and Nestle SA ADR will be in focus. These earnings releases can have a substantial impact on the respective company's stock prices and may also influence broader market sentiment. Overall, this week's events are likely to play a crucial role in shaping market sentiment and direction, with investors closely analyzing central bank decisions, economic data releases, and corporate earnings reports to make informed investment decisions.
by FOREXN1
17
Hyperinflation Is Coming - + BRICS - CPI - UFL WAY-MAP Similarities between Japan 1989 & Weimar Germany 1923 could not be more clear. People waiting for the "recession" clueless to the break down of the USD dollar system. --MISCONCEPTIONS-- But the 10Y - 2Y yield!, did you adjust that indicator for the QE / debasement? probably not like every single other economist that refuse to acknowledge Quantitative Easing is real why? simple it keeps their assets rising self fulfilling prophecy. But inflation is coming down! Hyperinflation is solved!, did you know before the final vertical hyperinflation event inflation actually fell in Weimar Germany to zero? But the world purchases US debt because the US always pays its debt!, ok great 32.5 Trillion in US National Debt. 192.5 Trillion in US Unfunded Liabilities. US CPI going vertical & FRED raising rates in panic as the base GDP growth cannot fund this debt how do you think they are going to afford it?. That's right! they're going to be forced to print hundreds of trillions of dollars. Well done you have purchased debt of a currency on the brink of hyperinflation. --REALITY-- CPI both Weimar Germany & USA are going up way way too fast Government debt in both time periods are going vertical, what did Weimar Germany do to solve this? they debased their currency to pay the debt & interest. BRICS + Will continue their move creating a multi polar world economy and majority of countries will go with China & Russia due to their near zero debt to gdp. Japan owning the most US debt forced to raise rates to deal with local inflation and their own bonds have no option but to talk with Russia & China to save their country or they will go under with the USA its just math. USA has one option 1.Print 100's of trillions to stop safety nets failing + explosion in unemployment & introduce a new currency like Germany did at a 1:10 ratio. 2. Federal Reserve now purchased all your assets, destroyed your currency, forced you to lose your value 1:10 1:100. Welcome to Socialism. -- Final -- Between 1913 and December 1923, retail prices increased by about 1 trillion, with inflation accelerating in 1922-​​1923. After World War I, the Versailles Treaty of 1919 condemned defeated Germany to pay reparations of a disproportionate amount (equivalent to two years of its pre-​​war GDP). The State financed these payments by creating money, which led to a self-​​sustaining rise in prices: as prices rose faster and faster, people sought to buy right away for fear of having to pay more later. This flight from money led to hyperinflation: prices rose faster and faster, and increased by 1 trillion between 1913 and December 1923. Gradually, the Reichsmark lost its functions as money, as evidenced by women burning banknotes to keep warm since they were worth less than wood logs. On 15 November 1923, a monetary reform broke the inflationary spiral by replacing the Reichsmark by the Rentenmark, on the basis of 1 Rentenmark for 1 trillion Reichsmark. This hyperinflation crisis also saw the rise of mass unemployment and extremist movements, in particular the Nazi Party of Adolf Hitler, which failed its attempted coup on 8-​​9 November 1923 in Munich. -- Final -- -This started with global emergency QE in 2008 now 2023 15 years period. --USA abandoned the gold backing of its currency in 1971. USA is out of time and out of options based on history. -Weimar Germany Started printing in 1913 failed currency 1923 10 years period. --Weimar Germany abandoned the gold backing of its currency in 1914. How to counter trade this? just see where the smart money flocked to in Weimar Germany. "Investors want a spot Blackrock ETF to manipulate retail traders, no people investors want a secure fast way out of the system collapsing before your eyes".
SP:SPX
by FederalXBT