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Russell2000

IWM : What next?? Double Top?Recently I suggest a bounce up was likely and it was correct.(see link below). Here is my current favored EWT count. It is supported on the weekly by negative divergence in the weekly RSI and dropping volume. The same is true on the 2 day chart. Also the suggest down arrow on the the 2 day chart is right at the mid-channel line which often is a resistance or support line. All of this is my best guess. SO it is important to wait for price action to confirm. If price does not go above the down arrow on the 1 hour and drops below the near term 1 hour up trend line a I will take a partial position. A drop below the 2 day up channel would be a confirmation. BUT as always process your way. Best to ya.
AMEX:IWMShort
by goodguy
Early Warning SystemI've scripted my own early warning indicator. This system has provided very accurate warning signals the last few years as to where potential tops were forming. There are several occasions where it detected changes weeks or even months ahead of trend changes. Occasionally, it's a little too early at providing these signals. I can't reveal all my secrets but I was able to use data provided in TradingView that measures true investor sentiment and implied volatility. It also provides decent confirmational bullish/long signals, but it really depends on the type of market that we're in. Pre-2017, bearish signals were flattened and mostly ignored as the market rocketed higher.. I'll continue tracking this going forward and at least use it to assist my other forecasts - just another tool in my toolbox. My current view of the market is not good. If you follow my updates, you'll know that I've been warning people about this drop and zone of volatility. Check out my other updates on the markets as well as the vix. I think it's likely to continue the next couple of months. However, take a look at the indicator and how the avg. is slanting upwards (green circle). This could be signaling a bounce in the market...but will it be like Feb of this year where we made a higher high in the market before the death drop? I have some long exposure as a strangle for such an event, but have been net short since end of August. I don't need to explain to you how the market is currently retarded in light of the fundamental picture. I'm not calling for a great depression-like melt-down yet.. We could see a lot of volatility the next few months but it may be just another opportunity to go long the market. I'll be here to provide all of the most accurate data I can for you.
SP:SPX
by gghsusa
18
STRANGLE FOR PROFITThis year has been one of the best to be a (smart) trader. We've had absolutely historic opportunities and I'm sure there's more to come. This little ascending wedge (abcde) could be creating an opportunity for a strangle (long & short). I have several strategies I follow for the other indices but I will occasionally play a strangle where I can see it going either direction. Personally, I may wait until (E) is tagged and will buy a long position in calls and hedge that position with puts. There are other ways to play the breakout but I prefer to buy at (E) and wait until a target is reached (up or down). I also like to use options that have a medium term expiry (5-6 months out) so decay and noise aren't too dramatic. Let's see what happens!
AMEX:IWM
by gghsusa
1
TWST, Aroon Indicator entered an Uptrend on Oct 27, 2020.Over the last three days, Tickeron A.I.dvisor has detected that TWST's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron A.I.dvisor backtested this indicator and found 114 similar cases, 101 of which were successful. Based on this data, the odds of success are 89%. Current price $80.72 is above $70.56 the highest support line found by Tickeron A.I. Throughout the month of 09/25/20 - 10/27/20, the price experienced a +15% Uptrend, while the week of 10/20/20 - 10/27/20 shows a -6% Downtrend. Bullish Trend Analysis The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected. Following a +3.54% 3-day Advance, the price is estimated to grow further. Considering data from situations where TWST advanced for three days, in 126 of 136 cases, the price rose further within the following month. The odds of a continued upward trend are 90%. The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 101 of 114 cases where TWST Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 89%.
NASDAQ:TWSTLong
by AlTorress
October 25 Market Update | Technical, Fundamental, NewsDescription: An analysis for the week ahead. Points of Interest: $3,406.75 Excess Low; $3,470 Balance-Area High. Technical: Broad-market equity indices ended the week lower with S&P 500 retracing nearly 40% of the rally that began after the September sell-off. During Last Week’s Action: Alongside waning fiscal stimulus hopes, U.S. index products failed to show continued confidence to explore higher. Instead, as the week progressed, House Speaker Nancy Pelosi walked back her deadline for a fiscal stimulus deal. After the initial drop on Monday, equity indices remained range bound until Thursday’s session saw responsive buyers establish an excess low at the conjunction of multiple visual references. The buying continued into Friday’s close, at the high-end of the weekly range. Overall, the market’s failure to range-extend, in either direction, is a sign of minimal conviction. Currently, the market is in the thick of an earnings season, elections are nearing, and stimulus talks are off-and-on. Given that the week ended in balance, a clear change in perception will be followed by successful range extension in either direction. Adding, given Thursday’s responsive buying, there are good odds the market may make another attempt higher, confirmed by range-extension above $3,470 in the S&P 500. If participants were to auction into the $3,406.75 excess low, then the odds of downside follow-through increase substantially. Fundamental: In its global weekly commentary, BlackRock Inc (NYSE: BLK) suggested the most recent resurgence of COVID-19 is not a replay of the spring. bit.ly "We believe daily new infections are likely a fraction of the peaks then, and rising case counts are having a diminishing negative impact on mobility. The economic restart has been quicker than expected, but the part that remains will be hardest. We do not expect a similarly large hit to economic activity as seen in the spring.” Adding, however, the report noted that the economy is facing challenges as the pace of growth begins to slow. Risks to the near-term recovery include fading fiscal stimulus, a prolonged or worsened pandemic, geopolitical tensions, and election complications. Key Events: Monday: Chicago Fed National Activity Index, New Home Sales. Tuesday: Durable Good Orders, House Price Index, CB Consumer Confidence. Wednesday: MBA Mortgage Applications, Goods Trade Balance, EIA Cushing Crude Oil Stocks Change, EIA Distillate Stocks Change. Thursday: GDP Growth Rate, Jobless Claims, Core PCE Prices QoQ, GDP Price Index, Pending Home Sales, PCE Prices QoQ. Friday: Core PCE Price Index YoY, PCE Price Index YoY, Core PCE Price Index MoM, PCE Price Index MoM, Personal Income MoM, Personal Spending MoM, Michigan Consumer Sentiment Final, Michigan Inflation Expectations Final. Recent News: House Speaker Nancy Pelosi on Sunday said the latest plan for aid is under review. reut.rs U.K.’s NHS is preparing to introduce a coronavirus vaccine soon after Christmas. bit.ly Commercial real estate, specifically office and lodging, faces greatest uncertainty. bit.ly Economy recovering slowly through October, but some sectors are still struggling. reut.rs Policy drive toward transformation of health insurance poses risk to profitability. bit.ly General Motors Co (NYSE: GM) investing $2 billion to build EVs in Tennessee. reut.rs Intel Corporation’s (NASDAQ: INTC) sale of memory business a credit positive. bit.ly Alphabet Inc (NASDAQ: GOOGL) breakup may be needed to end antitrust violations. reut.rs China’s recovery lifted industrial commodities as its economy improved materially. bit.ly Lockheed Martin (NYSE: LMT) raised its full-year outlook after a third quarter beat. reut.rs American Express Co (NYSE: AXP) issued a dismal outlook on travel, entertainment. reut.rs Unacceptably high unemployment, low rates of resource utilization to rein in yields. bit.ly Union Pacific Corp (NYSE: UNP) reported a bigger-than-expected drop in profit. reut.rs American Airlines (NASDAQ: AAL), Southwest Airlines (NYSE: LUV) call for aid. reut.rs Tesla Inc (NASDAQ: TSLA) released “Full Self Driving” software upgrade to drivers. reut.rs AstraZeneca (NASDAQ: AZN), Johnson & Johnson (NYSE: JNJ) resuming trials. reut.rs How blank-check acquirers could reshape emerging companies’ roles in markets. bit.ly Fintech startups broke apart financial services and now the sector is rebundling. bit.ly Texas Instruments Inc’s (NASDAQ: TXN) revenue outperforms, outlook improves. bit.ly China banking law changes will improve bank capital and formalize bank resolution. bit.ly Business activity rose to a 20-month high as pace of new growth and orders eased. reut.rs Courts rule against Uber Technologies (NYSE: UBER), Lyft Inc (NASDAQ: LYFT). reut.rs Canada’s annual inflation rate rose in September, as retailer sales growth softened. reut.rs FDA has approved Gilead Sciences Inc (NASDAQ: GILD) antiviral drug remdesivir. cnb.cx Central bank digital currencies would compound current digital disruption for banks. bit.ly The 2020 election could permanently change the way the United States does voting. bit.ly Pandemic, remote work causes migration to small towns near public lands, resorts. bit.ly Almost 60% of mutual fund assets will be ESG by 2025, according to a PwC forecast. bit.ly Google Inc’s (NASDAQ: GOOGL) dominance is reflected in search startup funding. bit.ly President Vladimir Putin saw no need for global oil producers to change supply. reut.rs More companies are offering earnings guidance, signaling adaptation to uncertainty. reut.rs The third quarter could be the ‘biggest quarter of growth’ in United States history. bit.ly Verizon Communications Inc (NYSE: VZ) beat estimates for its third-quarter profit. reut.rs Purdue Pharma LP agreed to plead guilty to criminal charges over prescription opioid. reut.rs European Union to cut Canada, Georgia and Tunisia from “white list” travel countries. reut.rs Key Metrics: Sentiment: 35.7% Bullish, 31.2% Neutral, 33.0% Bearish as of 10/21/2020. bit.ly Gamma Exposure: (Trending Lower) 2,051,710,147 as of 10/23/2020. bit.ly Dark Pool Index: (Trending Neutral) 40.9% as of 10/23/2020. bit.ly Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me. In no way should this post be construed as investment advice.
CME_MINI:MES1!
by Physik
RUSSEL (4H) Backtest : 68% win rate across 19 trades => 17.8 RDetailed backtest result : prnt.sc Non-looser = 84% Icons on the chart Thumbs up : Trade was a win Thumbs down : Trade was a loss Circle with a cross : Trade was breakeven Cross : Did not take the trade due to presence of liquidity (equal highs/lows) behind the stop loss Variables Avg winner = 1.6R Strategy : wait for market structure break, then trade the retest of that zone. Zone is drawn using the first candle which crossed the pivot high/low to begin trapping the traders.
CME_MINI:RTY1!
by makuchaku
October 17 Market Update | Technical, Fundamental, NewsDescription: An analysis for the week ahead. Points of Interest: Prior ATH, Poor Structures, $3,500 and $3,370 High-Volume Areas. Technical: Broad-market equity indices ended the week higher with S&P 500 retracing more than 80% of its September sell-off. During Last Week’s Action: Alongside fiscal stimulus hopes, U.S. index products surged past and built value above a major high-volume concentration as initiative participants (i.e., those buying within or above prior value) showed continued confidence to explore higher. As the week progressed, however, Johnson & Johnson (NYSE: JNJ) suspended its vaccine trials and expectations regarding further stimulus tempered. The weakness was exacerbated by the prior week’s emotional activity which attracted an enormous amount of speculative derivatives activity and left behind poor structures that offer little-to-no support; as the monthly options expiry neared and dealers unwound their hedges, the market endured a quick correction of the poor structure. Overall, the market remains out of balance and higher. Barring some exogenous event -- such as negative news regarding added stimulus, vaccine progress, and the election -- there is good potential that the market continues exploring higher with an obvious target being, in reference to the S&P 500, the prior all-time-high. Fundamental: In its 2020 World Economic Outlook, the International Monetary Fund (IMF) raised its expectations on global growth, but cut long-term forecasts on a slower recovery. "The scarring is expected to compound forces that dragged productivity growth lower across many economies in the years leading up to the pandemic — relatively slow investment growth weighing on physical capital accumulation, more modest improvements in human capital, and slower efficiency gains in combining technology with factors of production,” the report said. bit.ly Adding, according to Axios, the hard part of the recovery is just beginning; the IMF is urging governments to keep financial lifelines open; "I worry most about withdrawing support to workers and firms prematurely because it could cause a wave of bankruptcies and massive increase in unemployment," IMF head Kristalina Georgieva said during a media appearance. Key Events: Monday: Fed Chair Powell Speech, Fed Williams Speech, NAHB Housing Market Index, Fed Clarida Speech, Fed Bostic Speech, Fed Harker Speech. Tuesday: Building Permits, Housing Starts, Fed Quarles Speech, Fed Evans Speech. Wednesday: MBA Mortgage Applications, Fed Brainard Speech, Fed Mester Speech, EIA Cushing Crude Oil Stocks Change, EIA Distillate Stocks Change, Fed Beige Book. Thursday: Jobless Claims, CB Leading Index, Existing Home Sales, Fed Barkin Speech, Fed Kaplan Speech. Friday: Markit Manufacturing PMI Flash. Recent News: Data points to reduction in economic activity on virus restrictions. bit.ly Despite the virus, structured finance ratings have remained stable. bit.ly Bank earnings soar again alongside increasing trading revenues. bit.ly Delta Air Lines Inc (NYSE: DAL) still burning cash amid recovery. reut.rs EU makes 1 billion-euro bet on Gilead Sciences (NASDAQ: GILD) reut.rs BP Plc (NYSE: BP) leaving emerging market oil, but could return. bit.ly BlackRock Inc (NYSE: BLK) beat estimates on strong inflows. reut.rs JPMorgan Chase & Co (NYSE: JPM) optimistic on virus recovery. reut.rs With economy and credit rolling along, Fed unlikely to alter buying. reut.rs Big technology companies nervousness prompts calls to diversify. reut.rs U.S. retail sales blow expectations in September amid recovery. reut.rs Gulf Coast energy companies restoring oil, gas output post-storm. reut.rs Caterpillar Inc (NYSE: CAT) is betting on self-driving machines. reut.rs New Apple Inc (NASDAQ: AAPL) iPhone to offer non-material 5G. reut.rs Tesla Inc (NASDAQ: TSLA) cut prices of Model S in U.S., China. reut.rs Used vehicles again lift U.S. consumer prices, but inflation cools. reut.rs U.S. consumers more optimistic about the labor market, says Fed. reut.rs As the globe gallops into vaccine trials, insurers remain unfazed. reut.rs U.K. minister is seeking cash from the Treasury for a no-deal Brexit. reut.rs Despite economic and health crisis, consumers defy expectations. bit.ly How the market learned to stop worrying and love the blue wave. reut.rs Fed officials calling for tougher regulation to prevent asset bubbles. reut.rs Citadel Securities has sued the SEC over a new trading mechanism. reut.rs Moody’s downgrades U.K. as COVID-19 and Brexit hit debt outlook. reut.rs Newly rated loans from high-yield issues rose for the second month. bit.ly Funding to North American startups held steady in Q3 as exits rose. bit.ly The President does not actually impact the economy as thought. bit.ly U.S. gun sales soar amid pandemic, social unrest, election fears. reut.rs Facebook Inc’s (NASDAQ: FB) Libra tapped an ex-HSBC executive. reut.rs Trump urges big COVID-19 stimulus, but Mitch McConnell disagrees. reut.rs U.S.’s weakest local economies may face worse from the pandemic. reut.rs G20 pledges to do ‘whatever it takes’ to support the global economy. reut.rs Fed’s Clarida says data 'surprisingly strong,’ but deep holes remain. reut.rs IEA: Oil producers may struggle to gauge demand amid second wave. reut.rs Moody’s Corporation (NYSE: MCO) sees virus credit losses rising. bit.ly Key Metrics: Sentiment: 34.8% Bullish, 29.5% Neutral, 35.7% Bearish as of 10/14/2020. bit.ly Gamma Exposure: (Trending Lower) 3,113,195,433 as of 10/16/2020. bit.ly Dark Pool Index: (Trending Neutral) 41.1% as of 10/16/2020. bit.ly Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me. In no way should this post be construed as investment advice.
CME_MINI:MES1!
by Physik
Russell 2000 (My Dead Friend loved to trade this)Updated View on Russell 2000 (29 Sept 2020) My dead trader friend loved to trade Russell 2000. He was the one who showed me the world of trading in 2008-2009. Due to the family issue, he took his own life in early 2010-2012. Thanks for the memories, Philip. Memories aside. RUSS 100 is in the strong UP trend and it shall continue to stay so. 1,500 shall act as strong support/ gate keeper for now as long as the level is support well, any sell positions shall be considered as a counter-trend entries and you need to be very fast. Overall. it is still BULLISH. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:US2000USD
by SonicDeejay
October 11 Market Update | Technical, Fundamental, NewsDescription: An analysis for the week ahead. Points of Interest: $3,500 High-Volume Concentration; Poor Structure; Balance Break; Stimulus; Earnings. Technical: Broad-market equity indices ended the week higher with S&P 500 retracing more than 50% of its September sell-off. During Last Week’s Action: Alongside fiscal stimulus hopes, U.S. index products initiated past and built value above a major high-volume concentration. The movement out balance provided initiative participants (i.e., those buying within or above prior value) with greater confidence to explore higher. In moving higher, however, the market left behind numerous poor structures, suggesting much of the activity was emotional. The aforementioned short-term, momentum-driven activity is most attributable to the consensus there will be another round of stimulus. If talks were to fall apart or some other non-technical factor was introduced, there is good odds the market would endure a fast-moving correction of the poor structure. Overall, the market has moved out of balance and is resolving to the upside. Outside of some exogenous event, it is likely that the market will continue exploring higher with the S&P 500 trading up to the high-volume area at the $3,500 strike where the concentration of open interest in options is heavy. Scroll to bottom of document for non-profile charts. Fundamental: According to Evan Karson and Bridget Ryan of Moody’s Analytics, the economic recovery is facing two big downside risks. “Two major downside risks loom over the road to recovery that could determine which path the labor market will follow: a spike in COVID-19 cases or a fiscal policy blunder. A double-dip recession will be unavoidable if widespread contagion slows business activity materially or sparks another round of nonessential business closures. The risk of a surge is increasing as the weather gets colder and people begin to socialize inside.” bit.ly Adding, the two suggest that a failure to deliver another round of direct stimulus payments or expand unemployment benefits would cut into household spending and damage consumer-driven industries hardest. The most significant gains, though, would occur if and when a vaccine is made available. Key Events: Monday: No events. Tuesday: Core Inflation Rate, Inflation Rate. Wednesday: MBA Mortgage Applications, PPI MoM, Fed Clarida Speech, Fed Quarles Speech, Fed Kaplan Speech. Thursday: Jobless Claims, Philadelphia Fed Manufacturing Index, EIA Cushing Crude Oil Stocks Change, EIA Distillate Stocks Change, Fed Quarles Speech, Fed Kashkari Speech. Friday: Retail Sales, Industrial Production, Fed Williams Speech, University of Michigan Consumer Sentiment Preliminary, Business Inventories, Michigan Inflation Expectations Preliminary, Foreign Bond Investment, Overall Net Capital Flows. Recent News: Hurricane Delta deals the greatest blow to U.S. offshore energy production in 15 years. reut.rs Demand for steel is expected to grow to meet rising social and economic welfare needs. bit.ly BlackRock Inc (NYSE: BLK) sees election risks playing out in asset classes and sectors. bit.ly Next administration to confront five policy challenges with wide-ranging credit impact. bit.ly White House urges Congress for interim coronavirus relief as negotiations continue. reut.rs The pandemic economy carved up a deep divide between the haves and have-nots. on.wsj.com A Biden win could mean stricter enforcement for the biggest four technology companies. reut.rs Nasdaq Inc (NASDAQ: NDAQ) could transfer its data centers to Texas, from New Jersey. bit.ly Amid recession, markets sense upturn despite pockets of profound depression-like misery. bit.ly International Business Machines Corp (NYSE: IBM) to split itself into two companies. reut.rs Saudi Arabia is considering cancelling OPEC plans for an oil output hike early next year. on.wsj.com Boeing Co (NYSE: BA) cut its rolling 20-year forecast for airplane demand on COVID-19. reut.rs AMC Entertainment Holdings Inc (NYSE: AMC) plans to keep most theatres open. reut.rs Tesla Inc (NASDAQ: TSLA) has a chance at producing 500,000 cars this year, Musk said. reut.rs Key Metrics: Sentiment: 34.7% Bullish, 26.3% Neutral, 39.0% Bearish as of 10/7/2020. bit.ly Gamma Exposure: (Trending Higher) 8,490,294,012 as of 10/9/2020. bit.ly Dark Pool Index: (Trending Neutral) 39.7% as of 10/9/2020. bit.ly Product Snapshot: S&P 500 (ES): TVC:SPX AMEX:SPY Gold (GC): AMEX:GLD Crude Oil (CL): AMEX:USO AMEX:USL AMEX:DBO Treasury Bonds (ZB): NASDAQ:TLT Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me. In no way should this post be construed as investment advice.
CME_MINI:MES1!
by Physik
Russell 2000: Reversal Soon??IWM is very close to multiple potential resistance lines. (rectangle) I would not be surprised to see a reversal soon, like with the SPY. Looking for price signal of a reversal such as bearish candle pattern or a price drop below a up trendline break. Note: long and shorter term drop in volume. There is a potential bearish divergence in the daily RSI. IFFF my count is correct (there are often wrong even with so called experts) wave 3 of C could be fast and furious. Process your way. Best to you.
AMEX:IWM
by goodguy
7
RTY (Russell) (4H) Backtest : Break of market structureWinners = 8 Losers = 3 Breakevens = 2 Total Trades = 13 % Non Losers = 77% % Winners = 62% % Breakevens = 15% % Losers = 23% Win/Loss = 267% Net R = 9.8 Avg R/Winner = 1.23 Avg R/trade = 0.75 Bad trades prevented due to presence of liquidity near SL= 26 Icons on the chart Thumbs up : Trade was a win Thumbs down : Trade was a loss Circle with a cross : Trade was breakeven Cross : Did not take the trade due to presence of liquidity behind the stop loss Variables Avg winner = 1.6R Strategy : wait for market structure break, then trade the retest of that zone (against the trapped traders).
CME_MINI:RTY1!
by makuchaku
Russell's Temporary Breakout 10/4/2020RTY at the daily view. The RTY finally broke out of its short-term resistance (blue line). However, it's still in a giant sideways to slight downward channel. Furthermore, RTY has been in a general box between 1400 to 1600 for years. The reason for its sub-1400 days was due to unusual bear market events. The reason why it was above the 1600s before is because TSLA was once part of the Russell 1000 - now part of the NASDAQ. Russell is actually one of my favorite indices to trade because of its predictability. Now, we are see tech going down and small caps going up. That kind of reeks of institutional movements - much like what happened in July. Not much to say. Russell is literally one of the few indices or sectors that I short when it reaches around 1600 - might be a little lower this time. I plan to long when it reaches the mid-1400s. It's been in predictable trading box which is why I really like it.
CME_MINI:RTY1!
by Itsallsotiresome
October 4 Market Update | Technical, Fundamental, NewsDescription: An analysis for the week ahead. Points of Interest: Low-Volume Area Below $3,320; High-Volume Area At $3,370; NDX, RUT, and SPX divergence. Technical: Broad-market equity indices ended the week higher with the S&P 500 retracing 50% of the sell-off. During Last Week’s Action: Participants defended the low-volume area -- which denotes upside directional conviction -- below $3,320. Most notable was what happened after Thursday’s failure to extend past responsive selling at the $3,370 high-volume ledge. The lack of conviction resolved itself in Friday's overnight liquidation on news that U.S. President Donald Trump contracted COVID-19, thus returning the market back into balance. Defense of the low-volume area, alongside the development of low-excess highs during the U.S. cash session, suggests the potential for further upside. Auctioning through the low-volume area, however, may trigger downside follow-through, with the S&P 500 moving as far as the $3,198 swing low. Scroll to bottom of document for non-profile charts. Fundamental: ARK Invest CEO and CIO Catherine Wood suggested another stimulus bill would be released prior to the election, with Airlines being one major beneficiary. A problem with such a bill is that the economy has hit escape velocity and some of the stimulus included may not be necessary. bit.ly “We also, in terms of fiscal policy, hope that these policies are not going to get in the way of so-called creative destruction. What we mean by that is disruptive innovation tends to take off during difficult times. But, if companies and industries are being subsidized just to hang on a little longer, that’s probably not good for anyone.” Simply put, Wood theorizes the government's stimulus of dying industries is a disservice, as it diverts resources to less productive areas of the economy. Key Events: Monday: Fed Barkin Speech, ISM Non-Manufacturing, Fed Evans Speech, Fed Bostic Speech. Tuesday: Balance of Trade, Fed Chair Powell Speech, Fed Harker Speech, Fed Kaplan Speech. Wednesday: MBA Mortgage Applications, Fed Barkin Speech, EIA Cushing Crude Oil Stocks Change, EIA Distillate Stocks Change, FOMC Minutes, Fed Williams Speech, Fed Kashkari Speech, Consumer Credit Change, Fed Williams Speech, Fed Evans Speech. Thursday: Initial Claims, Continuing Claims, Fed Barkin Speech, Fed Kaplan Speech. Friday: Wholesale Inventories. Recent News: U.S. election to supercharge structural trends, increased focus on sustainability. bit.ly Azerbaijan (Turkey-backed) and Armenia (close to Russia, Iran) conflict flares. bit.ly If the president holds onto Florida, then the entire election grows far closer. bloom.bg The Treasury market’s size to outstrip dealer capacity to safely intermediate. bloom.bg Uber Technologies Inc (NYSE: UBER) granted a London license after battle. reut.rs FAA Chief conducts two-hour evaluation of Boeing Co (NYSE: BA) 737 MAX. reut.rs Technology companies cozy up to Biden campaign with cash and connections. reut.rs U.S. auto sales stay on a path to recovery despite the tighter inventories. reut.rs Boeing Co (NYSE: BA) to move 787 production to South Carolina in 2021. reut.rs Fed’s Kaplan says he wants to be careful about further quantitative easing. reut.rs U.S. job growth slows; nearly 4 million Americans permanently unemployed. reut.rs Ford Motor Company’s (NYSE: F) auto sales recover on a demand pickup. reut.rs Uber Technologies Inc (NYSE: UBER) logistics division has raised $500M. reut.rs House Speaker Pelosi says airline aid deal is near, asks for halt to job cuts. reut.rs Tesla Inc (NASDAQ: TSLA) reports record deliveries, Model 3 underwhelms. reut.rs Lawmakers pressure U.S. trade representatives to strike Taiwan trade deal. bit.ly Tesla Inc (NASDAQ: TSLA) cut price on Chinese Model 3 with CATL battery. bloom.bg Wall Street is preparing its systems for the election trading surge, volatility. bloom.bg The COVID-19 vaccines further along in clinical trials are hardest to deploy. bit.ly China’s support for infrastructure investment will aid the economic recovery. bit.ly Structural shifts triggered by the pandemic to benefit a tech subsectors. bit.ly Senator McConnell cancels scheduled senate floor votes for two weeks. on.mktw.net ‘I wasn’t feeling so well. I feel much better now’: Trump’s address to America. on.mktw.net China’s economic recovery from the pandemic helps drive its stocks higher. on.wsj.com COVID-19 will lead to lasting behavioural changes in consumption and work. bit.ly Key Metrics: Sentiment: 26.2% Bullish, 30.7% Neutral, 43.1% Bearish as of 9/30/2020. bit.ly Gamma Exposure: (Trending Lower) 921,593,487 as of 10/2/2020. bit.ly Dark Pool Index: (Trending Higher) 44.7% as of 10/2/2020. bit.ly Product Snapshot: S&P 500 (ES): Gold (GC): Crude Oil (CL): Treasury Bonds (ZB): Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me. In no way should this post be construed as investment advice.
CME_MINI:MES1!
by Physik
Russell 2000 Index, Weekly Daily Chart Analysis For Sep 28, 2020Technical Analysis and Outlook As noted before, the small-cap Russell 2000 index is an excellent overall market indicator; The index shows us resuming it the Main/Intermediary uptrends since Sep 24. A buying zone is identified at Mean Sup $1,502 , with the exit at Mean Res $1,553 and Mean Res $1,591, and completed the Inner Index Rally marked at $1,602 respectively, based on one's money management scheme. To continue the rest of the market story, see the 'Weekly Market Review & Analysis For June 29, 2020" page at the usual site.
TVC:RUT
by TradingSig