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STOCKS with a fake-rally?Good evening guys! Damn.. what a sudden pump in the equitiy-market today ignoring all resistance-zones. "Wall Street's main indexes opened higher on Thursday after weekly jobless claims hit their lowest level since the start of a pandemic-led recession." To be honest: When I saw the jobless claims I was pretty confident for our trades as good economic data should increase the likelyness for a tighter monetary policy in the future and did not even consider to early exit. That is by the way what I`ve mentioned with "it is tricky" as we don`t know how the market is going to react. When I look at the entire market I expect this move to be a trap for "liquidity-monkeys" giving big players good prices to distribute more of their positions. NZD/USD () aswell as AUD/USD () are both looking bearish to me not really following the todays risk-on-mood. The volatility in the crypto-market is also showing less risk-appetite as Bitcoin moved up to 43.000 is currently below 40k, of course also caused by news from the USA (worries about the anonymity, money laundering etc.)... All very fishy to me... However, EUR/USD is closed with -25 pips (-1%) aswell as NAS100 -160 point (-1%), while AUD/JPY and NZD/JPY are both still active looking goos for now as major supply-zones are holding. For now I will observe how the market acts at the current highs and will check the volume before I execute any further trades. Fundamentally it`s clear to me: Inflation aswell as the provided liquidity pushed equities and caused the entire rally. More positive news from the USA should hurt the stockmarket and boost the demand for the US-Dollar as many shaky hands are sitting on their profits! Crazy market! ;-D
OANDA:SPX500USD
by Trading2ez
2
Possible Turning Point in Dow and other indices21st-28th of June 2021 will probably be a turning point in the different indices. This analysis is done in Dow Jones since Dow tends to drag the other indices down if it is weak and up if it is strong. Different time cycles has been used such as the fibonacci numbers 21, 34, 55 and 144. They all align somewhat perfectly to the day late in June. This is a weekly chart. Furthermore, the 72-week cycle (learned from Tom Hougaard and I take no credit whatsoever of this cycle) also aligns somewhat perfectly to the days late in June. I did this research a week ago but I thought that I wanted to publish it here as it might be interesting to some people. Disclaimer: I am not a fortune teller and I do not know why or exactly when the market will make a turn. I merely did some research on Dow and saw these time cycles align on the weekly chart. When these cycles align they tend to make the market turn for some reason as history has shown us.
TVC:DJI
by benjaminstryhn
1
DJ30 will Fall to 32200 the Upcoming Week - Part 3 (Recovery)Here, I am using trend analysis to highlight market psychology, it's corrective actions, and why I believe this week is substantial. Ideally, after an abrupt market crash, the market would rebound to the same prices as before instantly or so. The Market Effifciency Hypothesis is not idealistic, though, and it takes into account the friction that it would take some time for the prices to settle. Yet, the is efficiency hypothesis has been proven wrong millions of times -- unless we wait till infinity -- as prices settle for long periods on over or undervalue, yet it's a popular belief among fundamentalists. Nevertheless, the hypothesis is write in the sense that there is equilibrium and this is controlled by diverse tensions. Obviously, one would need no hypothesis for that. Based on such equilibrium, I present this idea for why DJ tends to fall back to the same trend pre-COVID19 crash, as it has to do with the phases of recovery. Let's break down what's in the chart: Pitchforks: One is for the Denial phase trend, the other for the insistence phase. [* [Trend lines: Two showing the resistance and support of the pre-COVID19 trend, and the below one showing the prominent resistance since the crash. The phases of recovery (shown as corrections): Denial: A belief that the market would rebound to the same levels quickly, nor realizing that many industries were affected by the COVID-19 lockdowns which should affect their stocks values. Not to mention the market's inherent inefficienies. Insistence: After the first correction, we realized that the market can't rebound instantly, yet we are motivated more and are moving faster than ever before to catch up and surpass the previous equilibrium. We become arrogant. Acceptance: We surpassed the previous equilibrium and thought we were invincible only to find out that pride is not a value per se. This corrections bring us back to the ground, metaphorically speaking. From the trend lines, as you can see, the correction I am forecasting would bring us back to the equilibrium. Yet, due to the aforementioned inefficiency, it could be a beginning of a short-term down turn as the market overreacts. Yet, the equilibrium would prevail eventually until the market is no more reactionary and forgets about COVID19 altogether. Only then a new equilibrium could be found. This week we are hitting at full speed the prominent resistance since the crash of last year, which is not a small feat, given the laws of physics. Since the resistance became prominent, such action caused a rebound. This time, aliigned with a Fibonacci crossroad (see part 1), it could be more than a mere rebound.
CAPITALCOM:US30Short
by MontyMacht
SPY - Called the top at 422, let's see if the retrace continues I called the SPY top at 422. SPXL was hovering above $100 and I thought wow, what a recovery from $30 levels. More than 3x returns? Likely not without retrace! Next few days, we see SPY dropping. Today was the most impressive drop! Might be a good time for yearly investors to "Sell in May, Go Away," if you are happy with your profits or family members need it. It's already been an amazing economic recovery for many. If not, keep holding. Downturns happen, we'll see what kind of teeth this one has.
AMEX:SPY
by Grandmaster76
TRX- Diagonal patternInteresting ideas for joining NFT and getting into Defi, this news, in general, can be very useful for this network and Token. In the 5-day chart in TRX / BTC, the Diagonal pattern can be seen, which can indicate the termination of the downtrend and the formation of a very strong long-term uptrend, and reaching the initial targets of 1083 and then 3332. In the daily chart and against the dollar, we are in the 3rd wave, which by counting the wave, the price movement can be extended up to 34 cents. According to the wave balance line, we can have a target of at least 70 cents for this Token.
by NirmataFX
1
USDJPY H4 FORECAST BUY 1.5R TARGETWe consider to buy this pair because the New Jerusalem Ultimate Band Indicator signal line is very bullish though it suggests that there might be a short pull back and then the price will continue to shoot up before we get stopped out. Also the price has attained a strong support from the New Jerusalem Band Indicator lower line suggesting a strong bullish move awaiting the market to open so that it may continue to manifest. We manage and protect our capital buy using a reasonable lot size and not to risk more than 2.5% of our capital and we open one position only until we hit our profit target. Our exit levels are as shown on the chart. Wish you a successful week ahead.
Long
by Piptera-Digital-Solutions
3
Ripple Continues Its Expected DescentVery important. Ripple completed 5 total waves down on its journey from $1.89 to $0.85. Within all Elliott Wave corrections, a single 5 wave move cannot be the complete form of the correction. It is only 50% of the correction at maximum. With 5 waves considered as A wave, we can expect 3 corrective bull waves upward for B. My target range for the up move is $1.65 - $1.85. Without accomplishing a new high above the recent price, we can very well expect Ripple to continue south to the range of $0.19 - $0.65. Considering that this range does not take us to the expected retracement level of a diagonal correction, there is a slight but good chance that a double zig zag forms to trap overeager bulls and present patient bears with an exciting buying opportunity. In my opinion, there are no good long term buy positions currently available, especially considering the steep discount soon to come.
POLONIEX:XRPUSDShort
by DigitalSurfTrading
11
US Market Technicals Ahead (26 Apr – 30 Apr 2021)The earnings season enter into its busiest phase in the coming week, with most of the focus will be on the quarterly earnings result of five big-name mega-cap tech companies – Facebook ($FB), Amazon ($AMZN), Apple ($AAPL), Microsoft ($MSFT), and Google-parent Alphabet ($GOOGL), Market participants will also be bracing for heightened volatility on the economic data front the release of the first estimate of Q1 GDP (Advance GDP QoQ), alongside durable goods orders, and personal income and outlays. This should lend further support to the notion that the economy is continuing to recover from its virus-related slowdown. New spending and tax proposals from the White House, along with Federal Reserve Policy Decision will also be in focus. Here is what you need to know to start your week. S&P500 (US Market) The benchmark index ($SPX) traded with a muted tone, losing -0.14% (-5.7 points) for the week. With $SPX trading flat, a pause in the existing rally is plausible with the previously highlighted Bearish Divergence of $SPX remains valid, as sessional volume remains below its 50 days average range for the past week without any committed buying pressure reflected in this rally. With price volatility expected to pick up this week due to almost one-third of Dow ($DJI) and S&P500 ($SPX) companies reporting earnings this week, the immediate support to watch for $SPX is now at 4,110 level, a minor week long support coinciding with break of 20D MA level. FAAMG + Tesla TSLA Earnings There are about 180 S&P 500 companies, including 10 Dow components, reporting corporate results in what will be the busiest week of the first quarter earnings season on Wall Street. Most of the focus will be on the five big-name mega-cap tech companies – Facebook ($FB), Amazon ($AMZN), Apple ($AAPL), Microsoft ($MSFT), and Google-parent Alphabet ($GOOGL) – collectively known as the ‘FAAMG’ group of stocks. All five are set to enjoy another quarter of blockbuster earnings and sales growth, given their growing dominance in the tech space. Software and cloud giant Microsoft and internet search titan Google are both expected to release their latest numbers on Tuesday after the markets close. Tech and consumer electronics conglomerate Apple and social media company Facebook then follow with their respective earnings after the bell on Wednesday. E-commerce and cloud behemoth Amazon is slated to release Q1 results after the market closes on Thursday. Meanwhile, Tesla ($TSLA) – the sixth most valuable company listed on the New York Stock Exchange – reports on Monday. Some of other high-profile tech names reporting this week are Advanced Micro Devices ($AMD), Twitter ($TWTR), Pinterest ($PINS), Shopify ($SHOP), eBay ($EBAY), Qualcomm ($QCOM), and Texas Instruments ($TXN). Boeing, Caterpillar , GE Highlight Blue Chip Earnings Staying on the earnings front, a diverse group of blue chips, such as Boeing ($:BA), Caterpillar ($CAT), General Electric ($GE), 3M Company ($MMM), Visa ($V), Mastercard ($MA), and United Parcel Service ($UPS) will also report their latest quarterly results this week. Q1 reports from restaurant operators McDonald’s ($MCD), Starbucks ($BUX), and Domino’s Pizza ($DPZ) are also on the agenda, as are corporate results from automakers Ford Motor Company ($F), and Nio ($NIO). Pharmaceutical companies, like AstraZeneca ($AZN), Merck ($MRK), Bristol-Myers Squibb ($BMY), and Gilead Sciences ($GILD) are all on the docket as well. Finally, Big Oil majors, ExxonMobil ($XOM) and Chevron ($CVX), are both set to round up the week when they release their latest earnings on Friday. The Q1 corporate earnings season has gotten off to a strong start, with 86% of companies reporting earnings beats so far, according to Refinitiv. Federal Reserve Rate Decision The Federal Reserve is not expected to take any action on interest rates at the conclusion of its two-day policy meeting at 2:00PM ET on Wednesday, keeping it in a range between 0.0%-0.25%. Fed Chair Jerome Powell will hold what will be a closely watched press conference 30 minutes after the release of the Fed’s statement. Powell is widely expected to defend the central bank’s policy of letting inflation rise above its 2% target, reiterating his message that the recent pick-up in prices is seen as temporary. U.S. Advanced Q1 GDP Investors will keep an eye on a preliminary reading of first quarter U.S. gross domestic product (GDP) for fresh clues on the strength of the economy. The data is expected to show the economy expanded at an annual rate of 6.5% in the January-March period, accelerating from growth of 4.3% in the previous quarter.
U
by jfsrevg