Combined US Equities - Put away all technicals for now.Oddly enough, I did not follow one of the great events of 2024. And prior analyses was made on technical indication.
When a reversal like this happens, it is rather extreme, and technicals can be put aside. With the election outcome, markets are suddenly RISK ON and very bullish.
You see this bullishness with a Marubozu type candle that broke through two resistance levels in one day - breaking into and out of the Decision Box marked.
MACD is now skewed to the bullish side although VolDiv has yet to follow. This means price moved a lot before volume.
Previous projection is redundant now.
The only indication was that the day before yesterday, a nice small bullish candlestick was suggesting a breakout to the upside.
Going forward, just enjoy the ride, and make sure you have rules to adhere to!
All the best!
Equites
THE ONLY TRADES I'M TAKING - KEY LEVELSI went ahead and marked out a few key levels that I am interested in trading in the next 24 hours.
WE CAN ALSO FLIP THE RESISTANCE INTO SUPPORT. If that happens a would be interested in a long on the retest,
Let me know your thoughts below.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Nikkei Soars Looking Past Monetary NormalizationUltra-loose BoJ policy and the Yen’s demise have been key drivers of the JPN225 mammoth rally. The central bank exited its negative rates regime though and is shifting towards less easy policies, with at least one more hike reasonable within the year. This threatens to cut off a key source of strength for equities and JPN22 registered a brief pullback from the March record peak.
But monetary normalization has been slow so far and the stock market’s strength is based on more factors than just favorable monetary stance and weak currency. Strong earnings, structural reforms and investment-friendly government policies are among them. As a result, JPN225 has resumed its advance and runs its third straight profitable month, trying to set new all-time highs. On the other hand, the RSI reached overbought levels and a pullback here would be reasonable.
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Past Performance is not an indicator of future results.
LYC - LYNAS - rare earth anti chinese monopoly playLYC - LYNAS - rare earth anti chinese monopoly play
as the title says, china is once again applying restrictions like they did in 2010, low and behold we have the same price structure!
these plays are cyclical for sure. they sorted their Malaysian issue recently, at least for awhile. i expect their move back to Australia will be facilitated by the western powers that be that are looking for independence in their important metals supply chain.
Lets see how this plays out.
"The Ministry of Commerce’s announcement on Monday is the
latest move by the People’s Republic to leverage its dominant
position mining and refining rare metals. It did so in 2010
against Japan over a territorial spat, enacting an unofficial,
temporary export embargo against the 17 metallic elements that
comprise the rare earths family. It also manipulated the market
through export quotas and other policies, which held down global
prices – deterring investment by miners overseas - while pushing
local firms up the value chain. "
CATASTROPHIC MARKET CRASH - Looks to be COMING VERY SOON!The fractal pattern on the charts is nearly identical, and after the crash we saw today in the crypto markets, this could be a precursor of what's about to happen in the Equities, and Futures Markets.
I would be very cautious right now!
I'm completely out of the market, with the exception of long-term crypto holdings.
Good luck, and run a tight stop-loss!
Interesting data being formed in long term charts $CSCO $PYPL +Have been looking at a ton of some setups looking for UNDERVALUED & UNDER LOVED #equities.
Have been opening them up to Weekly & Monthly charts.
What has been found is quite INTERESTING.
Here's 4 (only NASDAQ:PYPL shown here - Please see profile for more data)
NASDAQ:CSCO forming a head & shoulder pattern.
NYSE:AAP severely beaten up but improving technical data.
NASDAQ:PYPL money flow is improving. (nibbling here for entry position)
NASDAQ:INTC improved, kind of like CSCO, dropped & rallied. (Spoke on Intel some time ago & has performed well).
Wilshire 5000 - approaching a decision point.The Wilshire 5000 is basically the broad market
literally every publicly company in the America and also some foreign corporations are incorporated in this index
We are coming to a decision area, not right now. But over the course of the next few months and years.
We could see a breakout up and a continuation of the ever uptrend
or a breakdown,
and change in longterm trend
Since these numbers are denominated in ever worthless dollars
betting up
with periods of panic has forever been the right call.
Place your bets accordingly.
IBM Bearish Pattern!!!When taking a look at IBM, we an see that it has had an impressive climb over the past few weeks. This bullish climb is also printing a bearish reversal pattern. The rising wedge breaks out to the downside more than it breaks upward. With this being said and the price action approaching the end of the wedge, i would expect a drop from these levels to the next support around 5% down.
If you end up taking a trade, use risk management so you don't lose more than 1%-2% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
DOLLAR against all ODDSWe have DXY pegged for Bullish continuation.
I believe DXY is carrying a HTF Momentum to the upside.
It has made an incredible recovery since its Ranges Low at $99.578
And it does not seem to be losing steam.
I see DXY making some sort of retracement with a possible bounce around $104.561, to continue its path with a series of UP closing candles all the way up to $104.790 and the possible yet far $104.480.
Why is this important?
DXY upwards continuation will affect all assets including forex and equities.
For example: I determined NASDAQ Bearish inclinations based on the Dollars path.
See:
This is not only going to translate to NASDAQ but as said above it will affect all. There will be more ideas linked to this particular movement.
Stay tuned!
AMDAMD is currently trading right above the golden pocket and trendline. This confluence is very bullish in my opinion after a massive selloff, in the past few days.
A long here wouldn't be a bad idea IMO but make sure to use proper risk management.
#ManageYourRisk
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
Bullish Set-Up After Local S/R FlipSQ is currently at local resistance but after a massive sell-off, I would expect continuation to the upside short term.
--------------------------------------------------------------------------------------------------
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
NASDAQ ideaHey there, fellow global chart riders! 🌊🏄♂️ Right now, we're catching some bearish waves in the EQ market for the short term. But, you know, we're not rushing things. We're just hanging ten and waiting to see those weekly lows wipeout – at least for the short term, you feel me? 🤙 Let's ride out the rest of August and see how those weekly and monthly candles shape up. Stay stoked and catch you on the charts, dudes and dudettes! 📉🕯️📈🕯️
ES1! Whoa, bro! The SP500 and E Mini are totally gearing up for a radical ride! 🏄♂️ They're cruising towards some major stops, and if they start showing some gnarly price weakness, there might be a chance for a sick reversal to fill that daily liquidity void. Dude, that's like the perfect setup for a killer retracement trade against the wave!
And check this out, man, there's a potential long trade possibility from the liq fill around the $4327 region on ES1! 🤙 That's like catching a big wave right before it breaks, setting you up for a tubular ride to the moon!
Keep your eyes peeled, bro, 'cause this market's gonna be a wild one! Watch for those juicy setups and get ready to drop in on those sweet trades! 🌊 Stay chill, trust your instincts, and ride those waves like a true surfer of the market!
So, dudes, let's shred it out there, take those opportunities, and ride the markets like we're born to do! Cowabunga, my trading bros! 🤘😎
Fujitsu Limited WCA - Symmetrical TriangleCompany: Fujitsu Limited
Ticker: 6702.T
Exchange: Tokyo Stock Exchange
Sector: Technology
Introduction:
Hello and welcome to our technical analysis session! Today we are focusing on Fujitsu Limited as observed on the weekly chart on the Tokyo Stock Exchange. An intriguing symmetrical triangle formation has caught our attention, which may act as a bullish continuation.
Symmetrical Triangle Pattern:
A symmetrical triangle is a price pattern characterized by converging trend lines and oscillating price within the pattern. It can serve as a continuation or a reversal signal. The breakout direction tends to predict the subsequent trend direction.
Analysis:
Preceding this consolidation phase, Fujitsu's price exhibited a clear uptrend. The ongoing consolidation phase, shaped as a symmetrical triangle, has been forming for 616 days. There are three points of contact with the triangle's upper boundary and two with its lower boundary.
Notably, this consolidation phase takes place above the 200 EMA, indicating a bullish environment. If we see a weekly candlestick close above 18400, it could serve as an opportune moment for a long position entry.
Assuming a valid breakout, our projected price target is at 26025, translating into a potential price rise of approximately 41.33%.
Conclusion:
The weekly chart of Fujitsu Limited presents a potential bullish continuation pattern in the form of a symmetrical triangle. A confirmed breakout above the triangle's upper boundary could offer a promising long position entry.
As always, please perform your own due diligence and consider appropriate risk management strategies when investing. Not financial advice!
Thank you for joining this analysis. If you found it useful, please like, share, and follow for more insightful market updates. Happy trading!
Best regards,
Karim Subhieh
GIGM DCA - Cup and Handle PatternCompany: GigaMedia Limited
Ticker: GIGM
Exchange: NASDAQ
Sector: Technology
Introduction:
Hello everyone, today we are focusing on GigaMedia Limited (GIGM), analyzing its Daily scale chart on the NASDAQ exchange. The price chart has caught our attention due to the formation of a bottom pattern, specifically, a cup and handle, which has been developing over the past 270 days.
Cup and Handle Pattern:
The cup and handle pattern is typically a bullish reversal pattern signifying a period of consolidation followed by a breakout. As the name suggests, it resembles a cup with a handle.
Analysis:
GigaMedia's price chart has been in a downtrend, as indicated by the blue diagonal resistance line. However, the formation of a cup and handle pattern suggests a potential reversal of this trend. The price is currently attempting to surpass the 200 EMA, and the horizontal resistance stands at $1.62.
If a breakout above this resistance level occurs, a long position could be considered. Our projected price target in this case would be $2.12, which corresponds to a potential price increase of approximately 30.74%.
Conclusion:
The daily chart for GigaMedia Limited suggests a potential bottom reversal with the formation of a cup and handle pattern. A breakout above the pattern's resistance could present a viable long position opportunity.
As always, remember to conduct your own research and consider your risk management strategies before making investment decisions.
Thank you for tuning into this analysis. If you found it informative, please like, share, and follow for more updates. Happy trading!
Best regards,
Karim Subhieh
MRVL DCA - Rectangle PatternCompany: Marvell Technology Group Ltd.
Ticker: MRVL
Exchange: NASDAQ
Sector: Technology
Introduction:
Greetings, fellow traders and investors! Today, we're diving into the daily scale chart of Marvell Technology Group Ltd. (MRVL), particularly observing a potential rectangle pattern that has formed after a clear downtrend.
Rectangle Pattern:
The rectangle pattern typically represents a period of consolidation, where price moves within a range between parallel support and resistance levels. It can be a bullish or bearish signal, with the trend direction determined by the eventual breakout.
Analysis:
Marvell Technology's stock has been consolidating in a rectangle pattern for about 225 days, with the price currently above the 200 EMA. The upper boundary of this rectangle is at $49.30, while the lower boundary is at $35.67. Both these boundaries have seen two touch points each.
Our focus now is on observing if the price can breach the upper boundary. As of now, Marvell Technology remains on our watchlist, showcasing potential for future movement.
Should a breakout occur above the upper boundary, we could be looking at a price target of $67.87. This implies a potential price increase of roughly 27.5%.
Conclusion:
Marvell Technology's daily chart points towards a consolidation phase, characterized by a potential rectangle pattern. A valid breakout above the rectangle's upper boundary could set off a bullish trend, offering a promising long position opportunity.
As always, please conduct your own due diligence and consider risk management strategies before making investment decisions.
If you found this analysis insightful, don't hesitate to like, share, and follow for more market updates. Happy trading!
Best regards,
Karim Subhieh
MSCI World Index Fund WCA - Possible INV H&SIndex: MSCI World Index Fund
Introduction:
Hello everyone! Today, we are looking at the MSCI World Index Fund to gain a broader perspective on the global equity market environment. Based on our current analysis, we can see the formation of a classic technical pattern, signaling a potential reversal from the preceding downtrend.
Analysis:
Over the past 371 days, the index has seemingly been forming an inverted head and shoulders pattern, a well-known reversal pattern suggesting a change from a downtrend to an uptrend. The horizontal neckline of this pattern lies at 120$. While the symmetry between the shoulders isn't perfect, it's worth noting that when the right shoulder is slightly higher than the left one, this is often seen as a bullish sign.
Furthermore, the right shoulder has formed distinctly above the 200 EMA, adding weight to the potential bullish reversal. Currently, the price appears to have broken out above the neckline, paving the way for a calculation of a possible price target upon the successful closing of the weekly candle. However, it's crucial to remember that the weekly candle must close above the neckline; otherwise, we could be dealing with a premature breakout.
Assuming a valid breakout, our calculated price target would be 142, equating to a potential price increase of approximately 18.5%. This provides a favorable opportunity to explore long setups in general.
Conclusion:
The MSCI World Index Fund's technical analysis points to a potentially bullish reversal. Should the current breakout confirm, the ensuing uptrend could present opportunities for investors looking for long positions.
As always, remember to conduct your own due diligence and implement appropriate risk management strategies when investing.
Thank you for tuning into this analysis. Please like, share, and follow for more insights into the market. Happy trading!
Best regards,
Karim Subhieh
9202 - Bullish ReversalCompany: ANA Holdings Inc.
Ticker: 9202
Exchange: TSE
Sector: Air Transport
Introduction:
Hello and welcome to today's technical analysis. We're turning our attention to the weekly chart of ANA Holdings Inc. (9202) on the TSE, which is demonstrating an exciting Rectangle pattern breakout that could signal a bullish reversal.
Rectangle Pattern:
The Rectangle pattern is a common chart pattern that can act as a continuation or a reversal signal, depending on the preceding trend and the breakout's direction. In this case, the Rectangle pattern is acting as a bullish reversal signal.
Analysis:
Over the past 1155 days, ANA Holdings' price movements have formed a distinct Rectangle pattern. The clear touch points and boundaries define the pattern, with the lower boundary at 2117.5 and the upper boundary at 2989.
The price has successfully moved above the 200 EMA, and for the first time in 1155 days, we've seen a clear breakout above the upper boundary of the Rectangle. This is a strong bullish signal, suggesting a potential trend reversal.
Conclusion:
The price target following this breakout is set at 3853, representing a potential rise of 29%. As always, it's crucial to employ risk management strategies and appropriate position sizing when trading based on chart patterns.
Please remember that this analysis should not be taken as financial advice. Always perform your own due diligence before trading or investing.
If you found this analysis helpful, please consider liking, sharing, and following for more. Happy trading!
Best regards,
Karim Subhieh
NASDAQ Trading Alert: Technical Setup and NFP Impact AnalysisAs we approach the upcoming non-farm payroll (NFP) report this Friday, there is a setup on the NASDAQ that's worth noting. However, I won't be taking any trades at the moment due to the potential impact of the NFP report on the market. Nonetheless, I'll still provide some technical insights to keep you informed.
It's worth keeping in mind that if the NFP beats expectations, this could potentially send the NASDAQ back to the downside. With that said, let's take a closer look at the technical side of things.
Recently, the NASDAQ has broken a higher time frame trendline and created a continuation pattern. If we see clear price action and a reclamation of our "Key Zone," there may be an opportunity for more upside. However, it's essential to exercise caution as this is a risky setup.
It's important to manage any trades carefully, especially given the potential market impact of the NFP report. By doing so, traders can mitigate potential losses and take advantage of any potential gains. So, good luck traders and stay vigilant! We hope this analysis helps you make informed decisions in your trading activities.
S&P: With Emphasis on PoorWith everyone calling for another turning point in the S&P, the short trade is becoming less crowded. I prefer SPY 300 puts dated about six months out. Here are some ridiculous arguments I've heard for the recovery.
1. The fed will pivot or pause
A fed pause or pivot indicates that economic conditions are too poor to continue hiking, implying that mass layoffs are already happening. There's nothing bullish about that for growth-chasing equities desperate for earnings. Companies are tightening their balance sheet because they can't generate profit and you're buying them?
2. Inflation is sticky bro
Remember when we are all experts on the used car market? I do, that's why I sold my used car for more than the price I bought it new over five years ago. The common consensus was that the prices would keep going up, well the common consensus was--as usual--dead wrong. Used car prices have been dropping ever since. The manufacturer deliver times have stabilized since and production resumed in spades. Now the price of used cars continues to drop and the experts are nowhere to be found. Where are they hiding?
They're hiding under a new narrative: inflation is sticky bro. I'm supposed to believe that a stimulus can reverse the effects of a mountain of debt and poor worker demographics projected to decrease for the next five years. We aren't in the 1970s anymore, the populace doesn't have the demographics to naturally drive inflation. This is a monetary issue and crushing demand will quickly undo what was done with COVID. With supply chain disruptions no longer an issue, the last man standing is oil. Can oil alone continue to drive inflation as a singular microeconomic phenomenon while the services sector which consumes the highest amount of oil comes to a standstill? I think the answer here is no.
3. The strong dollar will drive foreign money into equities
This is by far the dumbest argument I've heard people parroting, and I would really like to know where it's coming from. The idea here is that the rising dollar will cause foreign currencies to drop and this will cause those market participants to buy the dollar and then buy equities, saving the equity market for some reason. Nobody can seem to explain why these supposed market participants will buy the falling equities instead of just holding the dollar or some form of fixed income. Are these market participants completely obtuse to what happens to equities in the event that nominal growth declines and earnings fall? Do these same market participants not realize that a recession will put an eventual pause on hikes and the dollar will reach a cycle top while equities continue to crash. The whole argument is based on an assumption that dumb money will enter the market before the recession and lacks historical precedence. If you know who originated this idea, I would like to hear from you.
In conclusion, there is no reasonable argument convincing enough to call a bottom for equities aside from contrarian aspirations of "stonks only go up". In which case you're in for a big surprise and only depositing your money into Jerome's money shredder. The equity bull sees SPX at 3000, the bear sees 2000, the pig buys here now calling a bottom. There's no bottom in sight here folks, and that's all.