Get started

Djia

Bull Charge Continues, 14th November 2022🖼 Daily Technical Picture 📈 ➤ Good Monday, we experienced some extraordinary market action last week. Beginning with the BTC/Crypto plunge and ended the week with a massive bullish move in equities. Not to be outdone was the sharp reversal in the USD. The USD reversal is a big deal. ➤ Equities extended the rally off the yearly lows accelerating past key resistance levels. Price is in "clear" air territory. VIX continues to contract, it may continue to do so heading for the 20 level. At that level momentum to the upside ceased on numerous previous occasions. ➤ I was caught out by the "false" Bear positioning mid-week. I'm hoping to recoup those losses quickly with a continued rally. Will the Trading Gods play another trick? ➤ Interesting to note that the NASDAQ has led the way in the latest up move whereas it was lagging badly from the bullish move off the yearly lows. Perhaps there is some sector rotation here. Reducing exposure to bluechip names (DJIA) and increasing exposure to Tech where market participants are severely underweight. ➤ I continue to hold a +64% long exposure. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction. ➤ Conclusion: The price is always right.
AMEX:SPYLong
by mrstockyetoro
Dow Jones Industrial AverageSaturday 12 November 2022 23:36 PM (WIB) The dimming of the light makes the picture clearer It's just an old photograph There's nothing to hide When the world was just beginning I memorized a face so it's not forgotten I hear the wind whistling' Come back anytime And we'll mix our lives together Heaven knows- what keeps mankind alive Every hand- goes searching for its partner In crime- under chairs and behind tables Connecting- to places we have known I'm looking for a Home - where the wheels are turning Home - why I keep returning Home - where my world is breaking in two Home - with the neighbors fighting Home - always so exciting Home - were my parents telling the truth? Home - such a funny feeling Home - no one ever speaking Home - with our bodies touching Home - and the cameras watching Home - will infect whatever you do We're Home - comes to life from outa the blue Tiny little boats on a beach at sunset I took a drink from a jar and into my head Familiar smells and flavors Vehicles are stuck on the plains of heaven I see their wheels spinning round and everywhere I can hear those people saying That the eye- is the measure of the man You can fly - from the stuff that still surrounds you We're home - and the band keeps marching on Connecting - to every living soul Compassion - for things I'll never know
PEPPERSTONE:US30Long
by RyodaBrainless
Bull Charge, 11th November 2022🖼 Daily Technical Picture 📈 ➤ What an extraordinary day! The Bulls have run riot. The Bears have been crushed like myself. ➤ Price has charged through the top resistance level and looks unlikely to stop there with so much momentum. There's really not much more to be said. You can see the empty space till the next resistance level on the chart. ➤ The saviour for my portfolio has been the small short positioning. This is of course somewhat offset by such a huge advance in price. Overall, correct positioning kept losses to a manageable level of around -2%. That takes my performance into negative territory for the month. I was also caught wrong-footed in September in a similar fashion. Losing is part of Trading and so is risk management. ➤ At market close, I reversed my short positions with a larger long position. The portfolio sits at +64% long exposure. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction. ➤ Conclusion: Wrong direction but right-sizing - risk management. NOT INVESTMENT ADVICE
AMEX:SPYLong
by mrstockyetoro
GOLD TRADING IDEA 10 NOVEMEBRGOLD consolidated yesterday within the range with some dollar strength in play, we got some deeper pullback to 1721-1722 level , today also we will be stick with higher time frame bearish bias , and macro information advantage supporting dollar strength, Also today the CPI & jobless numbers will remain some key data shedule to release @ 7.00 PM IST will be pplaying important tole in next move of gold. If overall inflation numbers comes higher than expected then FED's hawkish path will be continued and we can see market back to higher time frame macro sentiment i.e Gold bears, Strong dollar, indices sell off If data shows improvement and CPI is lower than expected or as expected, investors will take that as hope of FED pivots and it will keep gold more bullish , dollar bearish and indices bullish. Trade idea for gold today. 1. We will be looking to sell gold near key level 1715-1716.5 Targeting 1700-1695 , 1721 will be another are of interest to sell gold for Target 1700. 2.We have a huge liquidity gap between 1702-1682, which shall get filled ,so any break below 1700 will be a short entry after confirmation for Target 1682, 3.We will be looking to buy only above 1723 with till 1730, 4. Unless we have a catalyst for dollar weakness ( New geopolitical tension , improved CPI data , currency intervention , bond buying etc) we are not seeing gold breaking above 1730. with some surprising CPI numbers only we are seeing gold to break above 1730 and there on till 1765.
OANDA:XAUUSD
by Fxoverseas
1
I Am NOT UNCERTAIN, 10th November 2022🖼 Daily Technical Picture 📈 ➤ I'm borrowing that quote from the TV Series Billions. The market is NOT UNCERTAIN that things are UNCERTAIN. There's one thing markets don't like and that is uncertainty. ➤ The results of the mid-term elections in the US are UNCERTAIN. I'm no political expert but if Republicans win the House and Democrats win the Senate or with some sort of coalition, the division will cause friction with pushing through policy decisions. Furthermore, things may be undecided till December if there are run-offs due to the close voting...the UNCERTAINTY will only be removed through time. ➤ Incoming Inflation data is also adding to the UNCERTAINTY. Luckily, this will be out of the way by Thursday. Market participants will make a decision quickly. ➤ In the previous note, I said that the ball is in the Bear's court. Today, they pushed prices lower to form a lower high. This dents the chances for a continued uptrend in the immediate future. ➤ I've strengthened my bearish view by moving to a -34% short exposure. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction. ➤ Conclusion: By no means am I a high conviction Bear. We are only at the 1st innings. That I am NOT UNCERTAIN.
AMEX:SPYShort
by mrstockyetoro
DOW JONES Critical level separating the Bull from Bear Market!It hasn't been more than a month ago (October 10) when we first posted the 1D MA300 (yellow trend-line) as our long-term target for Dow Jones (DJI): The index came just a few points below it and so far we see a minor pull-back and consolidation, attributed both to profit taking as well as risk aversion before the important CPI report on Thursday. As mentioned on the previous analysis, the range Dow is currently in is the technical Rejection Zone that has formed all previous Lower Highs of the 2022 Bear Cycle Megaphone pattern, all of which initiated massive selling legs to new Lower Lows. Even though the 4H MA50 (blue trend-line) is the current short-term Support, typically breaking below the 4H MA200 (orange trend-line) confirms the downtrend. Another strong confirmation of the bearish legs is when the MACD on the 1D time-frame makes a Bearish Cross. The 1D MA300 (yellow trend-line) is practically what separates the Bull from the Bear Cycle. It is no surprise that since the August 16 Lower High, the 1D MA300 is trading parallel to the top (Lower Highs trend-line) of the 2022 Bearish Megaphone. A closing above it effectively confirms the shift to a long-term bullish trend with first target 34300 (August 16 High) and second the 35550 (April 21 High). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
6
First Signs, 9th November 2022🖼 Daily Technical Picture 📈 ➤ DJIA, the blue chip equity index, continues to outpace all other US indices. It is quite remarkable. Never have I seen such outperformance. It is TELLING US something... ➤ I think the first signs of a longer bearish period is being shown by the price action. The recent move forming the higher low is looking laboured. It doesn't have the big "strides" of a strong march especially if you compare this to the up movement from the yearly low. There, the up bars are large and look confident. ➤ We can't get too far ahead of ourselves though and dive into short positions just because things look bearish. I need confirmation. We will get this very soon by today or tomorrow with inflation data. ➤ The Bullish view is that prices need a bit of time to digest the large move off the yearly low. Hence a pause before exploding higher. ➤ I've taken profit on the remainder long positions leaving the one small short in the Russell 2000. The portfolio sits at -8% short exposure. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction. ➤ Conclusion: Looking for Bearish confirmation
AMEX:SPYShort
by mrstockyetoro
2
Fence Sitting, 8th November 2022🖼 Daily Technical Picture 📈 ➤ S&P500 was able to climb above the resistance/support level at the end of the days trade. This has set a higher low above the yearly low on 13th Oct. We now have the first set of higher highs and higher lows => an uptrend in the classical technical definition. 📈 ➤ While the Bulls may be rejoicing on such an occasion, we must note that within the larger context, the price is still stuck in the choppy range bound condition. A move above 390 in the SPY would break those shackles. ➤ Looking across at other markets, NASDAQ still looks very weak. The Russell 2000 still have not triggered an exit for my short position despite recent bullishness. DAX hit resistance and was unable to stay above it for now. STOXX50 did overcome resistance. VIX is dangling in the reversal zone. ➤ With the above set of conditions, I'm still leaning Bullishly but have cut NASDAQ and DAX longs. The portfolio sits at +32% long exposure. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction. ➤ Conclusion: CPI data on Wednesday could have a huge influence on the near term Bullish progression. I'm inclined to go sit on the fence.
AMEX:SPYLong
by mrstockyetoro
2
DJIA again testing 200-day MAThe big rally on Friday in global stock indices, metals and oil were mostly attributed to optimism about China dropping its zero Covid policy. At the weekend, however, Chinese officials affirmed “unswervingly” the country’s strict stance on Covid. This should have been negative for risk assets. And although that’s how it proved first thing at the Asian open, as index futures gapped lower along with copper and oil, indices later reversed their losses. But could we see renewed selling pressure come into the markets again, with the like of the Dow, DAX and FTSE all testing their respective 200-day moving averages? The Dow has raced ahead of the other US indices in this rebound and it has reached the 200-day moving average. If this is still a bear trend, then we would expect the next leg of the down trend to start from around these levels. Notice that the 200-day MA had capped the previous rallies earlier in the year. Will history repeat itself? If you focus on the slope of the 200-day average, it was previously positive, before flattening around the start of the year, and then trending lower. This is echoed on nearly all other major indices. With the slope of the moving average being negative, the long-term trend is objectively bearish. The short-term trend has been bullish, however, with the index rising noticeably from its October lows in recent weeks. But with the Dow now testing the 200-day, it is possible we might see a reversal in the short-term trend and go back in tune with the longer-term bearish trend. By Fawad Razaqzada on behalf of FOREX.com
FOREXCOM:US30
by FOREXcom
Higher Low? 7th November 2022🖼 Daily Technical Picture 📈 ➤ Welcome to another week of snakes and ladders. Before we look at the technicals, I urge you to read my thought piece about The Paradigm Shift if you haven't done so. IMHO, this will alter the behaviour of markets going forward. A much more active approach rather than a passive buy and hold approach is required. ➤ Let's now look at the charts. Once more the price in the S&P500 is back in the chop with resistance and support levels acting has hurdles. For the Bullish case, we could possibly pencil in the higher low I have been writing about. Price retraced 50% of the up move from the yearly low. This is a common place where prices tend to rebound higher. Price needs to overcome 379 in the short-term to make certain of this. ➤ The biggest conundrum right now is the weakness in tech or NASDAQ. This is very rare during a bullish phase. In fact, with a cursory glance all the way back to year 2000, I cannot see such a huge discrepancy between the performance of NASDAQ as compared to the DJIA, a portfolio of blue chip stocks. In every instance, the NASDAQ has matched or bettered on a Bullish move whether in year 2000 or 2008. I'm interested to investigate this further as to the cause. Is it high inflation and fast rising interest rates the culprit? I welcome your insights! ➤ VIX has entered an interesting area where Bears have come to the fore. Despite that, I cut my small short in NASDAQ and reversed to buy. A small short position in Russell 2000 remains. I'm long other indices. Portfolio sits at +60% long exposure. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction. ➤ Conclusion: Chop means fingers closely placed near the exit button.
AMEX:SPYLong
by mrstockyetoro
...And Down She Goes, 3rd November 2022🖼 Daily Technical Picture 📈 ➤ If you ever doubted the effectiveness/importance of support and resistance levels/zones, I think that has been put to bed by today's price action in the S&P500 equity index. ➤ All you need is to look at the price action in the past few days. Price has tried valiantly on multiple occasions to overcome the resistance zone. Today saw the ultimate failure. ➤ However, failures like these are not always full gone conclusions. In my analysis of such situations in the past, many times prices have held on to re-ignite the bull charge. The probability of this happening is certainly well below 50% but we shouldn't dismiss it. ➤ At European equity market close I was able to add short positions to hedge my initial long exposure. This did help to offset the majority of the loss. At close of US trading, I exited the long positions and entered small short positions. Portfolio is net short with -34% exposure. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction. ➤ Conclusion: Bears are back in charge but it's not too late for the Bulls to strike back.
AMEX:SPYShort
by mrstockyetoro
1
Poised to...2nd November 2022🖼 Daily Technical Picture 📈 ➤ Yesterday in Australia was the running of the 162nd world-renowned horse race, the "Race That Stops the Nation" - The Melbourne Cup. The blue-ribbon event is a 3200m long-distance race and each horse is handicapped by age, weight and "quality". In theory, due to the handicap, each horse has a fair chance of winning. This year's winner is Gold Trip with odds around 15 to 1 or $1 bet wins $15. The favourite for the race was odds of around 5 to 1. ➤ Just like the Melbourne Cup, it's time for the US Federal Reserve Cup. Whilst the FOMC members are no thoroughbreds, they do seem have staying power with market participants who hang on their every stride. Today, onlookers are poised for the "Rates that Stops the World". Market behaviour is showing nervousness. S&P500 failing at resistance again in the pink zone for three days in-a-row. DAX and STOXX50 in Europe also stopping short of key resistance levels. ➤ I've betted on horses for the fun of it, but when it's serious money like my trading capital, I'm not keen to get too involved. It seems my Strategy agrees given it is not giving any trading signals other than "sit-tight" for now. ➤ My exposure sitting tight at 20% long exposure. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction. ➤ Conclusion: Place your bets, big winners and losers expected today.
AMEX:SPYLong
by mrstockyetoro
DOW JONES biggest monthly rally since 1976! Bear Market over?The Dow Jones Industrial Average (DJI) closed the October with its biggest monthly gain since January 1976, rising by +14%! The huge green monthly candle suceeded at (marginally) breaking and closing above the 1M MA10 (blue trend-line) for the first time since January 2022, which was the All Time High and practically the start of the current inflation led Bear Cycle. At the same time, the 1M RSI is close to testing its MA. Just to have some perspective, the previous Bear Cycle of the 2008/09 Housing Crisis, never saw a 1M candle break above the 1M MA10 nor the 1M RSI break or simply come that close to its MA. Can a break above it signal the end of the current Bear Market? A break above the 1M MA20 (green trend-line) should practically confirm it. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJI
by TradingShot
3
Pause...1st November 2022🖼 Daily Technical Picture 📈 ➤ Welcome to November. Just two months to go prior to the end of a long but so far successful year. However, there will be a lot of action and many trading opportunities still to come. ➤ Except maybe not for a day or two. As if on queue we have a pause on proceedings. This is to be expected both from a fundamental and technical viewpoint. We are awaiting the important US Interest Rate decision on Wednesday and S&P500 is up against strong resistance (pink zone). ➤ If you are familiar with my trading style, you will know I don't like these 50/50 situations. Prices can break above or falter at the resistance. It's a perfect set-up by the Trading Gods to take your money. They either can hunt down your well-placed stop-loss or trap you against your directional bet. This is especially true when important economic data is released. ➤ My exposure is low right now so I'm quiet relaxed. I did have a go at buying NASDAQ yesterday, but cut the position as price failed to hold well. My overall 20% long exposure remains. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction. ➤ Conclusion: Unless something dramatic happens on Tuesday, my positioning will remain the same. I'll be waiting for the fireworks display on Wednesday to show the path forward.
AMEX:SPYLong
by mrstockyetoro
US30 31st OCTOBER 2022Concerns about recession resurfaced among investors as the Fed continued to follow a hawkish path lined with interest rate hikes. This led some companies in the US to change their earnings projections again, with several companies and analysts revising their outlook downward for the coming quarter. The market also expects the Fed to raise its benchmark interest rate again at its November meeting. According to FedWatch, 96.7% of market participants project that the Fed will raise its benchmark interest rate by 75 bp and bring the Fed funds rate to a range of 3.75%-4%. Wall Street still tends to weaken despite the positive sentiment from the release of the financial performance of issuers in the US.
OANDA:US30USDShort
by DNP-FX
2
Time for a Pause? 31st October 2022🖼 Daily Technical Picture 📈 ➤ S&P500 leapt higher to the upper resistance zone highlighted in pink. This is probably the best opportunity for price to take a pause or reverse downwards. A clear break above the zone will give the Bulls impetus to push higher as there is little to no resistance left until the top of the double-bottom formation as explored in a previous post. ➤ VIX is approaching the pink zone as well where reversals have occurred. This will add weight to the Bearish argument. We will know soon enough with key economic data/policy decisions this week including US employment, manufacturing and interest rates. ➤ I closed my ill-timed NASDAQ short exposure and also cut my long exposures in half. Leaving an overall low 20% long exposure. This will change quickly if prices reverse course. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction. ➤ Conclusion: Inflexion point incoming?
AMEX:SPYLong
by mrstockyetoro
We are Many, 28th October 2022🖼 Daily Technical Picture 📈 ➤ One thing I like about trading indices is that I don't have to deal with individual stock risk. A reasonably diversified portfolio will do the trick too. We have seen some major moves in the price of mega cap stocks this earnings season. Meta, Netflix, Amazon to just name a few. Overall, at the index level, they were pretty much non-events. The Many overcame the Individual. ➤ With the exception of tech, indices have overcome the bad individual stocks moves. This lends to a sense of bullish resilience. Something we probably haven't seen for a while. Does this mean that this bullish bounce is more sustainable or simply a case of "better" macro-economic factors such as a potential easing of interest rate rises have temporarily overshadowed bearish proceedings? ➤ I added a small short exposure in NASDAQ whilst keeping my longs in S&P500 and DJIA. An overall 30% long exposure. This will change quickly if prices reverse course. The S&P500 is sitting on short-term support. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction. ➤ Conclusion: Major earnings news is over...back to the macro-news grind.
AMEX:SPYLong
by mrstockyetoro
1
VIX is in the MIX, 27th October 2022🖼 Daily Technical Picture 📈 ➤ Price pushed higher once more but was unable to hold most of the gains. More often than not, this bearish looking daily reversal candle is not bearish at all. Buyers tend to bid it back higher. ➤ Price is approaching the next line of resistance. If successful in overcoming that hurdle, the next hurdle is some distance away at 417 on the SPY. That is 9% higher from here. ➤ The VIX (equity fear index) is contracting quickly well below my panic level of 30. If it keeps falling, it will soon hit the zone where things get interesting. This is the area where in previous months equity prices have reversed downwards and VIX rebounded higher. More often than not, the subsequent expansion in VIX has ended with equity prices setting a new low. ➤ I remain with 40% long exposure in US indices, looking for further upside in the short-term. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction. ➤ Conclusion: Keep an eye on the VIX.
AMEX:SPYLong
by mrstockyetoro
DOW JONES on an aggressive rally towards the 1D MA200!It was 2 weeks ago when we made a case for a medium-term buy on the Dow Jones index (DJI), against popular belief, as we had early signs that the index made a June 17 type bottom and was about to repeat the June-Aug rebound: Our view has been confirmed so far and following the 1D RSI break above the Lower Highs and the 1D MACD Bullish Cross, the rally broke above the 1D MA50 (red trend-line) with ease and is headed towards the 1D MA200 (grey trend-line). Today's analysis is on the 4H time-frame, in order to get a more detailed look on the short-term. We see that Dow Jones has already formed the 4H Golden Cross (when the 4H MA50 (blue trend-line) crosses above the 4H MA200 (orange trend-line)) that comes when the price breaks above the 1D MA50. At the same time, the price has already broken inside the volatility zone of the 0.5 - 0.618 Fibonacci retracement levels. Based on the previous fractal, we could see a week of sideways price action before Dow targets the rejection zone (and the medium-term target) within the 1D MA200 (grey trend-line) and the 1D MA300 (yellow trend-line). For comparison purposes in order to get a better understanding of Dow's proportionate position compared to the previous rebounds, we've plotted all rebound sequences on top of another (Black line = Feb 24 - March 22, Grey line = June 17 - August 16 and Green line = October 02 - today). Though not 100% correlated, it is obvious that there is a high degree of convergence among all three sequences. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
5