Outlook
My Setups for Week of 7/26DXY is still falling like it can't get back up so I am still short on USDXXX pairs and long on XXXUSD. I would like to see pull backs on the 4H but it is looking like 1H pullbacks are all we are getting this week if the DXY continues it's momentum. First week of FTMO challenge. Wish me luck!
US500. Long-term outlook. Bullish.There is a strong level at 3200 which was a resistance level in the past, and now it's a support level. At this point, the economy of the US looks much better then any other coountry in a world. That's the reason that makes S&P index looking bullish in a longterm. Therefore, it's a good level to open long positions with take at around 3330. Of cource, the the ascent will not be easy, but we'll see it in anyway!)
Good Luck!
Do not forget about Stop Losses!!!
GBPUSD OutlookThe beginning of July hasn't been a good one for the dollar as Covid-19 cases spiked around the US causing the dollar to weaken. Approaching 1.26600 prices has met resistance and has been stuck in a range for about a week. We see price making lower highs and lower lows and as Covid-19 fears begin to wane and the DXY showing bullish potential, I am looking for this pair to breakout and drop to 1.22650 Support zone.
AlphaOverBeta Market OutlookMarket Outlook 22.06.2020
The S&P 500 moved up 1.9% this week, recovering some losses from the last week. The Nasdaq Composite moved higher with a 3.7% gain.
Eight of the 11 S&P 500 sectors finished the week in positive territory.
Health care +3.1%
Information technology +2.8%
Consumer staples +2.4%,
Consumer discretionary +2.3%
On the downside
Utilities -2.4%
Energy -1.0%
Real estate -0.8%
Investors are still in the "Buy the dip" mentality after the major recovery from the bottom mad in March this year, and confirmations made by the Fed announcing on Monday that it will start buying individual corporate bonds through its Secondary Market Corporate Credit Facility.
AlphOverBeta Next Week Forecast
We predict the market is going to continue to be high volatility range trading in the coming days and weeks, the economy is not going well enough to sustain a major rally, BUT the fed and government is going to continue to pump liquidity into the markets and that alone that should support the current price levels. The market traders are not clear on the next market move as they were in previous weeks and this creates elevated levels of volatility.
We see the next key level as 3000, and then 2800.
Trade Smartly,
Alon, AlphaOverBeta
Alpha Over Beta Market Outlook 15.06.2020Market headline: Stock indexes decline in the worst week since March
The S&P500 started the week meeting a significant milestone: it was positive for the year! plus the Nasdaq Composite finally rose above 10,000 - but went downhill from there as it surrendered to profit-taking that turned to be the worst week since March.
The S&P 500 fell 4.8%, the Nasdaq fell 2.3%, and the Dow Jones Industrial Average fell 5.6%.
Most of the week's losses came on Thursday with the S&P 500 declining 5.9% and rebounded on Friday. as there was no specific news that contributed to the decline, some blamed the Fed while others pointed to data showing increasing rates of coronavirus in many U.S. states reopening the economy in any case non of was really new news.
All S&P 500 sectors finished the week down, ranging from information technology down 2.0% to energy down 11.1%.
AlphOverBeta Next Week Forecast
We predict the market is going to continue to be high volatility range trading in the coming days and weeks, the economy is not going well enough to sustain a major rally, BUT the fed and government is going to continue to pump liquidity into the markets and that alone that should support the current price levels. The market traders are not clear on the next market move as they were in previous weeks and this creates elevated levels of volatility.
We see the next key level as 2950 , and then 2800.
Trade Smartly,
Alon, AlphaOverBeta
SPY-Broad Sector Support , AlphaOverBeta Market OutlookHello traders,
Market Outlook 01.06.2020
S&P 500 above its 200-day moving average following a broad sector recovery
The stock market extended its rally this week on continued optimism about an economic recovery and a fear of missing out on further gains. The S&P500 was up +3.0% for the week, base on a nice uptrend in All 11 S&P 500 sectors which had finished in the green and supported the S&P 500 to close above its 200 days moving average.
U.S.-China relations are front news again as there was uncertainty regarding China approving legislation to tighten its control over Hong Kong.
Trump said the U.S. will remove special treatment for Hong Kong, will review practices of companies from China on U.S. financial exchanges, and will terminate its relationship with the HWO (World Health Organization), as he is trying to maneuver domestic riots from home.
AlphOverBeta Next Week Forecast
We have chartered a number of bands for the S&P500, these bands are used for risk control and decision making.
295-310 - This is the best scenario we have for the rest of 2020. This bullish range holds as long as the price is above 295
280-295 - is the current locked trading range, when prices went above 295, it triggered a bullish signal in our systems.
265-280 is the bearish zone.
Trade Smartly,
Alon, AlphaOverBeta
SPY-Staying bullish , AlphaOverBeta Market OutlookHello traders,
Market Outlook 18.05.2020
This week the stock market returned to positive territory with big technology companies leading the heard.
The stock market was up this week with the S&P 500 +3.2% to end the week at 2955.45.
Moderna (MRNA) was responsible for most of the earnings this week after announcing they have preliminary results for a coronavirus vaccine, this piece of news jump-started the week as the market made most of this week’s return on this day. The fed chair had its own contribution to the elevated markets reiterating the fed has not finished it’s support of the market and still has ammunition to fight this, this declaration kept the market hovering close to 3000 psychologically critical levels
AlphOverBeta Next Week Forecast
We have chartered a number of bands for the S&P500, these bands are used for risk control and decision making.
295-310 - This is the best scenario we have for the rest of 2020. This bullish range holds as long as the price is above 295
280-295 - is the current locked trading range, when prices went above 295, it triggered a bullish signal in our systems.
265-280 is the bearish zone.
Trade Smartly,
Alon, AlphaOverBeta
Crude oil mid-term trading outlookWTI crude oil prices rose significantly with a very modest rally in the last few sessions!!
on D chart, we can see that the price seems to form an inverse pattern of head and shoulders (Unusual) suggesting a possible continuation of the signal with a positive trend.
however, the move may be corrective because the price may form a continuation pattern or (Pullback) to the downside..!!
the potential targets are fibo50% and Fibo61.8%
Taking into account the previous AREA GAP DOWN. :=)
P.S.
Personally. I work only intraday:=)
Good Luck Folks.
Trendanalysis for the DaxAs you can see we can identify an upgoing trend since the middle of March. The short rise in the Dax from march till now could indicate, that investors are gaining trust and optimism in the markets and especially in the steps which the government took to keep the situation under control.
There are two major resistances (yellow) which need to get tested to continue the trend. With the moving average in mind, we will have a pretty interesting development when the Dax is going to cross the moving average. A potential development could be a continuing growth until we get to test the second resistance(second yellow line).
The second potential scenario could be an upcoming negative trend when the first resistance gets tested negative, we will get a negative trend shown with the red line. The short rise paired withe followed negative trend could then be identified as a bear trap.
I suggest that we can identify and see one of these developments this development in the next two to three weeks.
Let me know what you think, I am happy to talk and discuss my ideas.
Possible Outlook for the next couple days/weeksThis Idea is all about the two red resistances which will be tested in the next view weeks. If the Market tests those levels a continues the trend my idea is that we will move to a point anywhere between those two red lines till the next Trend can be identified.
Regarding the current Situation it can be possible that after the first resistance gets tested, we will get more negative news about Corona. In this case from my point of view the yellow trend line can be identified and the current rise could be understood as a typical bear trap.
Let me know what you think about this idea.
What deos BTC mean to the world?BITSTAMP:BTCUSD
Mainstream adoption of BTC will be similar to the early adoption of automobiles in the turn of the 20th Century.
Ability to participate in world economies thru a crypto wallet will be made increasingly available thru financial institution adoption of block chain and possibly BTC. In such the same way as early in automobile history the construction of highways and gasoline station facilitated higher rates of ownership of cars, increased owners travel distance from their home to their destination.
BTC's early age is similar to automobiles early time, where cars were not safe, there weren't mandated or voluntary additions of safety guidelines fro seat belts, airbags, and even traffic light infrastructure. Cryptocurrency market places and exchanges have seen their bout of attacks via ransomware, hackers, black hats, even fraud. Even still despite the perspective of cryptocurrency not being safe or secure, the early adopters continue driving there crypto wallets to all time highs (BTCUSD $9800~).
Innovations to security and speed of transactions will be a accepted standard for all cryptocurrency and those that lack it will not catch on.
The world now is dealing with the COVID-19 pandemic, a tragedy which has caught industrialized nations off guard. World governments ability to bring in new treatments and a sar-Cov-19 vaccine for their citizens will be a large determinant of how well their economies will gain a foot hold to claim their place in a new technology age. BTC will be a part of this age the value of BTCUSD will be dependent on how well public health solution to COVID-19 are applied to the governments citizens, and in a what length of time. BTC is not out of the woods in regards of devaluation, their is still tremendous risk of BTC droping to $5000. Even with this, there is still a very strong likelihood of BTC reaching $30,000 or higher.
SPY-Decision Time , AlphaOverBeta Market OutlookHello traders,
The S&P 500 lost 1.9% last week ending the week at 283, below the next resistance of 285, as more and more countries around the world reach deep into the government pockets to get the much-needed funds to get the world economy going once again.
The US, Europe and other global markets declined last week as a meltdown in oil prices increased volatility in the markets.
The May WTI oil futures contract price dropped to a negative price before expiring, and the June contract price dropped too, this is the first time in history that oil prices are negative.
The very bad move in oil prices is a result of many factors, such as selling pressure due to technicals prior to contract expiration, plus limited storage space due to a drop in demand for oil.
Stock prices improved later in the week with the government enacting another coronavirus relief package that includes additional funds for small businesses.
AlphOverBeta Next Week Forecast
The next few weeks are decision time for the market and cherry-picking for specific stocks that may be the early ones to come out of this current crisis. The market has been range trading for some time as traders as contemplating which way to go, up or down, range trading usually means very good time period to cherry-pick specific, high-quality stocks at favorable prices which is what we did last week and will continue to do this week as well.
Our models support the more optimistic side of the market with a 310 target for SPY in the near future that will be followed by a correction and then another leg up.
Are we in a stock market bubble?
Our models support a slow recovery in the market, with a sharp disconnect from main street and the economy and that's for a number of reasons :
1. Massive stimulus packages
2. Massive rate cuts, together with 1 that means a lot of cheap money that has to go somewhere
3. Many bargains at current price levels
4. Deep optimism within the trading community that usually translates into an uptrend
That's our forecast and we follow that in our portfolio BUT we also have quite large hedge positions and tight risk policies.
Is it time to buy Oil-related stocks?
An experienced trader should know to filter the noise and look at the market reality from a neutral, non-judgmental stand,
The current meltdown in oil creates many good opportunities for companies relying on oil-related products to lower costs and provide high-quality products at cheaper prices.
Oil is not only the source for transportation but also serves as the basis for other related products, such as:
soap, perfume, and other cosmetics
fertilizer, insecticides for the agriculture industry
tar, asphalt for the infrastructure domain
and last but not least Plastic, which is the base for many products from kitchenware, furniture all the way to packaging.
So when doing research for opportunities these sectors should also hold some of them.
AlphaOverBeta uptrending watchlist
Using AOB Dashboard to spot trending opportunities in the market.
APA
MUR
FLR
XOP
SIRI
EBAY
Check out the list on our Dashboard
Out top-ranking stock for the week is Apache Corporation (APA)
Apache Corporation is an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.
AlphOverBeta Sectors rank
As we stated last week, the biopharmaceutical and healthcare sectors are picking up momentum, we estimate that this trend is a long term one and is here to stay, the next 6-9 months are going to be all about protecting ourselves from the current and future pandemic, so these sectors make complete sense to investors,
Our long equity portfolio is long on the sector and specific picks in that sector
Trade Smartly,
Alon, AlphaOverBeta
[$BTC] La sortie du biseau ascendant - Signal Baissier à CT Bonjour à tous,
J'espère que vous allez bien !
Comme évoqué dans video d'hier ( ), nous arrivions à une zone de forte résistance et les acheteurs n'ont pas tenu la pression , et on a assisté à une belle baisse (entre 5,83% pour le $BTC, 7,63% pour l'$ETH au moment où je vous parle)
Le $BTC est sorti du biseau ascendant, ce qui crée une mouvement baissier, à voir pour la continuité du mouvement.
En effet, si on regarde la Lagging Span, elle est en direction du bas du biseau mais pas encore traversé, à voir si on rebondi ( retest du prix ? sur le bas du canal pour confirmer le signal baissier).
Je revois mal une réintégration du biseau au vue des l'ensemble du mouvement du prix depuis un mois: nous avons réalisé les 5 vagues d'impulsion se terminant par un biseau ascendant.
Coté $ETH, on est arrivé pil poil au bas du biseau...
Maintenant c'est simple, soit on reste dedans , soit on casse et c'est parti pour les étapes de retest des différents supports !
Si vous avez shorté, bravo, j'espère que vous avez pris vos profits ou alléger si vous pensez à la une continuité baissière.
Stay safe :)
PEACE !
FALLING MARKET AHEAD ?My suggestion on the market right now is that if wee see another selling period, we will see it today or at least within the next few days.
(Look for the 20EMA in the daily and the bearish cloud in the H4 chart.)
In my view the market also was a bit to optimistic in the last few days especially about the virus situation in the US.
As you can see we're standing right in front of key levels in my technical view.
It would also be the 5th wave of the wave count in bearish direction.
So look for another phase of selling pressure, get some liquidity to take your chances if you see the same constellation.
But be careful, look for your risk management, all trading involves a substantial risk of loss.
Bitcoin Outlook 2020 Q1 - The Beginning... AgainRevisiting my long term outlook on Bitcoin, I have advanced us forward in the time line. Even though I believe the chart shows us much higher up than previously thought and also giving me reason to give validity to "The Halvening is already priced in." ... I am convinced this just shows how epic and parabolic the next Bull Run will be for Bitcoin.
*** Don't Forget to Follow me here on Tradingview for more Outlook Updates ***
The Halvening is Already Priced In
Measured move down from the previous ATH in 2016, right about when the 2nd Halvening happened, we were -31% from the all time high.
In June 2019 we hit that same -31% from the previous ATH.
This leads me to believe the claims that the Halvening is already priced in could be true. However, I only see this as positive to the parabolic nature of Bitcoin and ultimately will propel price much higher than expected. Trades should proabably be to the Long side and should watch for big pull backs after the Halvening in May 2020. Be cvautious.
The 1 & 2 Rise up from the Never to Return Double Bottom
In 2015/2016 there was a 2 step push up (green numbers) from the all time low to the -31% of previous ATH.
In 2019 we saw an enormous push to the upside from $3,500 to $13,000 to the same -31% from previous ATH.
Both of these moves gave ~+300% gains in less than a year.
Once again I see these comparisons as proof that Bitcoin is moving even faster and more parabolic than previously thought. In some other ways, the current price action is lagging or taking longer to consolitdate, but there are still instances of quicker and sustained reactions with less volatile wicks as before.
Touchback Confirmations
The Point of Reference (POR) I have noted (red box / yellow dash line) was a previous price level of support on the way down to all time lows. Therefore, it served as a good level to bounce off of as support to show confirmation of further price movement to the upside.
In 2015 this happened very quickly at the #1 push up passed the POR and price never came back again.
In December 2020 we had the same pullback/touchback confirmation at the POR level prior to any #2 push up.
To me this once again shows me that Bitcoin has more sustained movements in price rather than multiple ups and downs testing limits. If historical patterns hold true we should not hit the POR level at $6650 again.
Trading the Future
My own personal investment advice to new traders or unconfirmed successful traders is to HODL a large majority of your Bitcoin portfolio and utilize leverage trading only to enhance your portfolio. Any OGs will tell you that so many people would be RICH if they just HODLed everything they had. Me included. ;)
For actual trading advice I would say, always go with a LONG bias on high time frames like Daily and 4H. Smaller time frames it is just normal trading as usual. Don't get REKT and hope to see you in my next 2020 Q2 Outlook chart.
-= Bonavest =-
USDJPY REVIEW ABOUT THE TRADE POSTED ON 23 JANDear traders,
I posted a sell trade on USDJPY on 23 JAN. It already started to move in our favor. We are already in profits. This will go to the TP(108.968). It has broken a upward trendline. And the selling pressure is a lot. According to volume analysis, its indicating a downward movement in the future.
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Guys if you like my ideas, please drop a like and follow me if u like my trades. Post comments about your idea too. We can manage the trade together.
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DISCLAIMER:
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This is just my personal opinion. Every trader is independent. Every trader has the freedom to place a trade in any direction.
Thank you for your support,
FX Specialist