After a great fall that took the price to a level below the 18300, there has been a great recovery reaching to exceed the level of 1900. Be aware of a bullish continuation, being careful of an exhaustion and possible laterality in the price.
The pullback and bullish price action I've been waiting for happened, so I'm entering a buy stop order a few pips above latest high with TPs at base and R1 pivot lines respectively and SL near current middle BB. It would be safer to put stop order above base fib line instead but since it's just a pullback instead of a movement supported by fundamentals (i.e....
Either USDCAD will remain ranging this week or bounce up soon from the daily support esp with weaker USoil lately. Waiting for stronger bullish bounce before setting up a buy stop order @1.32, with TPs at R1 and R2 pivot lines, and SL near daily support line. D: W:
I have not been able to find any conclusive data regarding whether or not this rally has been all time record for the Russell 2000 Index. Investor confidence has soared to all time highs via 3 week rally. Although I am glad to see this rise occur, I do not seem to understand the logical or fundamental justification for it. How much longer can the Stock Market...
Waiting for a break at 1.20 level, or a possible recovery and bounce somewhere at 1.28243-1.38661 before shorting again (www.investing.com)
1 Hour charts show signs of reversal, so since all the over buying and 50 and 20 ema touching price shows thaat price is recovering and will will go back up. The stochastic is also showing bullish momentum.
The recent devaluation of the USD is serving purpose to make way for future rate hikes by the FED without causing EM volatility and issue with China's currency peg. As the USD devalues it also pushes up Oil prices which provides relief for entities with Oil based junk bond exposure (Aka US banks). I see the devaluation as a short / medium term trend as a relief...
US housing market, measured by New Home Sales is continuing its recovery in line with its relevant trendline, in line with Housing Starts and Building Permits data. However in comparison to Starts and Permits, New Home Sales data comes in with a much softer slope. Thus the expected recovery of this indicator is expected in 2020, if its relevant uptrend holds....
US Budget Balance has restored to its normal levels, last seen back in 2004 and right before the financial crisis fallout - in 2008. ... The balance suffered a significant blow during the fallout of 2008/9 us mortgage crisis. Government stimulus measures needed at the time to stop the downward spiral in US markets created a huge budged deficit. In addition,...
US housing market, measured by Housing Starts and Building Permits indicators is continuing its recovery in line with its relevant trendline. The housing market was hit the hardest during the 2008/9 financial crisis, causes by the burst of housing market bubble in the US. Thus it comes as a no surprise that the housing market is still recovering its losses, but...
Over the last week S&P500 has broken above both 1-year and quarterly downtrend borders, marked by the lower 1st standard deviations from the 1-year and quarterly years respectively It already happened back in September, but this time the downtrends are most likely over - the price tagged the quarterly mean, thus cancelling the quarterly downtrend completely The...
Microsoft is restoring its long term up trends after late August selloff Recently the price bounced up from 10-year uptrend border, which is marked by the upper 1st standard deviation from 10-year mean @ 39.40. If the upwards impulse continues, price will also restore its 5-year uptrend, by trading above its border, marked by the upper 1st standard deviation...
This steep market decline in the S&P500 requires a lot of attention! until there is clarity speculation about the depth of the correction will prevail. The Good La st week the U.S. economy showed good signs of job creation, CPI index at 0.1%, housing starts were strong. The bad The conference broad still expect moderate economic growth, building permits...
Part-time employment is also declining within its well defined trend since 2012, however it has still some progress to make before reaching pre-crisis levels. In fact, it is the only systemic fallout left to be erased from the 2008-2009 crisis in the employment data.
Long term (27-WEEK AND OVER) unemployment is also well within the declining trend and it has almost reached pre- 2008/9 crisis level, confirming the positive data in unemployment and total payroll charts. Current levels are also highs of previous recession, thus everything below current levels can be considered normal, if the data holds descending trend.
Total NFP confirm the positive developments in unemployment rate. The data trends firmly upwards since 2011 and has surpassed the pre-crisis peak of 2008.
In line with Total Capacity Utilization index, Manufacturing Capacity Utilization index which measures the share of manufacturing capacities of US companies employed in actual production, has also nearly restored its crisis losses. However, the index has bounced down from the 78% mark in the recent readings, falling out of its ascending range. It is too early...
In line with Industrial Production Index, us Manufacturing has been trending within its relevant ascending range since 2011 and has restored all the losses of the 2008-2009 financial crisis back in the beginning of 2014. Thus overall the Industrial production in the US is developing at a good pace, in line with the lateral uptrend in S&P 500.