NZDUSDYou can as well join the sell market right from here if you wish. But risk what you can afford to loss, please.
Selloff
S&P 500: this short might just be the real one!The SP500 index seems to have topped @ 4476. Technical analysis points to a sharper correction this time around:
- prices broke-out the long term bullish trendline
- short-term SMAs form an intersection above traded price
- short volumes are accelerating, as the daily range expands
- the new top formation saw the lowest traded volumes, signaling an exhausted market and low buying interest at these levels.
Next support should stand @ 4200 . Short positions till this point, at least, should be easy money.
Below this level, more stops might get triggered.
Looking forward to your thoughts!
Trade smart!
CPI @ +99.4% - Looking for Hot 7% TomorrowThe Inflation statistics are heavily skewed with the potential for a large
surprise in store for Chasers.
DX, BONDS, FX, YIELDS appear to have the scoop.
Insiders buying Puts in SIZE.
Crude Oil trade for entry 57-61s after this next retracement.
Economic Activity is slowing to a crawl.
Spending collapsing.
FED wants you to BUY STOCKS.
VIX Shakeout.
Trade Safe, we're
VIX - PRCE OBJECTIVES30 /38 / 45
We favor the 40s during the dirty second drop.
Algos are working the limits of the Falling Wedge.
The VIX-Plosion is dead ahead as resolution is less
than two weeks away.
The lower compression in Range lows will see a dip-in
as often occurs to shake out the weak hands.
Cruse Oil should see follow through in the coming weeks.
We are beginning to accumulate and reposition our VIX Curve
entries and will post them here as they are filled.
Bonds are about to reverse throughout the Longer end
which continues to Flatten and turn down, indicating a
very large contraction in Economic Activity.
Divergences are frankly astounding and being ignored
by the Chasers, who although ONLY playing in options
on balance - are weak hands there as well.
Gamma only goes so far this Friday.
ROKU double TOP | Less Streaming Viewing55.1 million active customer accounts for the quarter and 17.4 billion streaming hours.
VS
55.8 million active customer accounts and 19.19 billion streaming hours. (The Bloomberg Consensus estimate)
The chart pattern looks like a double top.
FSLY Fastly Head and Shoulders Price TargetThe head and shoulders pattern is one of the most reliable trend reversal patterns.
The distance from the neckline to the head is the same for the retracement from the neckline to the bottom.
In this case, using Renko candles to understand better the H&S chart pattern, the price target is 31usd.
USDCAD SELL USDCAD short position, I have sold this pair for many reasons, one reason is that USDCAD has had a major sell-off for more than two weeks; has been forming lower lows and lower highs...
Price has reached the 0.786 area @1.25680 and has shown major resistance, such as wicks and LL/LH on smaller time frames.
USDCAD has also formed a double top that may indicate a reversal.
I am risking 2% on this trade. Risk to Reward on this trade is 1.2.
SPY - Bearish Arrangements4422 - Gap and Crap complete.
A lower High on smaller timeframes led to Sell Signals which
were quickly heeded.
The 50/200 are now pointing due South on 5 minute timeframe.
Last Thursday the Divergences provided an enormous warning.
Negative Histograms are waiting.
Chasers are eyeing a considerable "Panic Cycle" setting up whereby
the "everything must go sale" begins and leaves they wanting a return
to "normal" - BTD Failed.
It is rejection, a nasty and very sporty rejection which appears to be
lost on the Herd.
We continue to press our VIX Curve Trade with 21.75 today's target.
I have been buying @ 2050-2055 with buys in all the way down to
2015-2025 for a larger press.
Conditions in the Markets have reversed, the largest gains are made
ahead of the broader Point of Recognition.
The Weekly and Daily indicators are simply N A S T Y.
Sellers were lurking at the Gap Fill and slammed the Chippers and
Dippers.
Ignore them are you peril.
Catalyst abound, pay close attention to the Bond Market.
Consumers are pulling back quickly as Uncertainty ReignsThe Indices will see a healthy correction into the Seasonal Period of Extreme Weakness.
We Anticipate a LARGE Selloff to begin during Globex Sunday followed by further selling
into Monday.
The PRICE of the things we need is an issue... it is not lost on Institutions.
They are heavily positioning for SELL.
TCEHY Tencent Head And Shoulders Chart PatternIn the chart you can see a schoolbook Head And Shoulders Bearish Chart Pattern.
Theory says that you measure the distance from the neckline to the top and then consider the same distance to discover the bottom from the neckline down.
In this case it coincides with the strong 40usd support!
ARK also sold its positions in TCEHY Tencent Holdings Limited.
I`m looking forward to read your opinion about it!
BEKE KE Holdings. ARK sold all its 9Mil sharesIn a selloff that can predict a new market valuation on Chinese stocks, ARK Invest sold all its 9 139 000 shares of BEKE.
Looking at its financials, BEKE is not a bad stock to own at at price lower than its IPO.
The company had revenue increase year over year in the last 4 years, but only in 2020 went profitable with 2.78Bil Earnings. They also have a decent PE Ratio (TTM) : 39.71
The question is: would you buy now what ARK sold for a loss??
Even Buffett was wrong when he sold Delta Airlines or Icahn about Hertz!
Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks!
It seems dangerous to hold Chinese stocks right now.
US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted.
This looks like the beginning of China`s stock market crash.
I`m looking forward to read your opinion about this!
YQ 17 Education New Regulations UpdateDon`t you like basic technical analysis without fundamentals whatsoever to back it up?
Because otherwise before entering the pump you would paid attention to 17 Education & Technology Group Inc. business update: "institutions providing after-school tutoring services on academic subjects in China's compulsory education system, or Academic AST Institutions, need to be registered as non-profit; changing the current registration-based regime for operating online Academic AST Institutions to a government approval-based regime". (globenewswire.com)
Or maybe you want to own a foundation or a nonprofit company?!
A temporary recovery in share prices after a substantial fall, caused by speculators buying in order to cover their positions is called a Dead Cat Bounce!
China's crackdown on for-profit education companies was a disaster for traders not using a stop loss.
In the 52 Week Range 17 Education & Technology Group Inc. went from 23.9 to 1.02usd. i almost can`t imagine such a loss!
After-school tutoring institutions must transform themselves into "nonprofit organizations".
Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks!
ARK Invest dumps Chinese stocks.
It seems dangerous to hold Chinese stocks right now.
US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted.
This looks like the beginning of China`s stock market crash.
I`m looking forward to read your opinion about this!
DIDI Global ideaAt the time of DIDI`s IPO i was tempted to enter this stock because i was listing to Jim Cramer`s blessing: 'I would try to get as many shares as you can'. i hope he didn`t. and i haven`t entered either because i considered the valuation too high for a company that last year had negative earnings, -10.84Bil.
And in comparison i was listing to analysts saying that UBER will never be a profitable company. So why would i invest in the Chinese copy of a business that didn't find the path to profitability for so many years?!
The funny thing is that after going down 55% from the IPO day, Jim Cramer reevaluated the Chinese stocks: "You can't own Chinese stocks"! :)
I`m looking forward to read your opinion on Chinese stocks right now.
GOTU A simple question for bullish tradersGOTU had negative earnings last year, -1.39 Billion dollars to be precise. So it`s a money eating machine that burns a lot of cash just to operate. How do you see Gaotu Techedu raising money this year? Would you buy a public offering from a nonprofit company?
Now look at the 15% recovery today and think about this perspective: a temporary recovery in share prices after a substantial fall, caused by speculators buying in order to cover their positions is called a Dead Cat Bounce! :)
China's crackdown on for-profit education companies was a disaster for traders not using a stop loss.
In the 52 Week Range Gaotu Techedu Inc. went from 149 to 2.4usd
After-school tutoring institutions must transform themselves into "nonprofit organizations".
Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks!
ARK Invest dumps Chinese stocks.
It seems dangerous to hold Chinese stocks right now.
US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted.
This looks like the beginning of China`s stock market crash.
I`m looking forward to read your opinion about this!
TAL Education Dead Cat Bounce ?Think about this perspective: a temporary recovery in share prices after a substantial fall, caused by speculators buying in order to cover their positions. this is the Dead Cat Bounce!
China's crackdown on for-profit education companies was a disaster for traders not using a stop loss.
In the 52 Week Range TAL Education Group went from 90.96 to 4.03usd.
After-school tutoring institutions must transform themselves into "nonprofit organizations".
Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks!
ARK Invest dumps Chinese stocks.
It seems dangerous to hold Chinese stocks right now.
US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted.
This looks like the beginning of China`s stock market crash.
I`m looking forward to read your opinion about this!
NIO vs similar Market cap Car ProducerNIO Market Cap 64.492B
BMW Market Cap 65.701B
NIO Revenue 2020: 16.26B usd
NIO Earnings 2020: -5.61B usd
BMW Revenue 2020: 104.21B euro
BMW Earnings 2020: 4.92B euro
NIO Revenue Q1 2021: 7.98B usd
NIO Earnings Q1 2021: -4.87B usd
BMW Revenue Q1 2021: 26.78B euro
BMW Earnings Q1 2021: 2.81B euro
NIO Forward Dividend & Yield N/A (N/A)
BMW Forward Dividend & Yield 1.90 (2.22%)
And NIO is not audited by an American company.
US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted.
When i wrote my first article about NIO it was undervalued at 6.98usd and my target was around 18usd. i sold it between 12 to 14. I reentered at 20, but just for the hype.
Now i started to become more confident in my first target. :)
Most likely it will test the 30usd support.
I`m looking forward to read your opinion about NIO.
EDU a "nonprofit organization"China's crackdown on for-profit education companies was a disaster for traders not using a stop loss.
In the 52 Week Range EDU New Oriental Education & Technology Group Inc. went from 19.9740 to 1.9400usd.
After-school tutoring institutions must transform themselves into "nonprofit organizations".
Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks!
ARK Invest dumps Chinese stocks.
It seems dangerous to hold Chinese stocks right now.
US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted.
This looks like the beginning of China`s stock market crash.
I`m looking forward to read your opinion about this!
ARDX Ardelyx FDA bad news. Last support for bounceThe FDA is unlikely to approve Ardelyx`s drug for dialysis patients.
Ardelyx received a letter from the FDA stating that deficiencies in the information provided had been found that would preclude discussion of approvals Ardelyx has sought.
The most likely target is the 1.6usd support line from which it can bounce up.
ETH: new 3-month low| large wick on 4H candle gives some hopeAny feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
Quick glance: In our last analysis on ETH, we suggested to wait before thinking to buy the dip. And rightly so, it has dropped by another 12% since our previous analysis. ETH has formed a new 3-month low reaching the $1700 mark. The large wick on the bottom of the latest 4H candle indicates some buying activity. However, market is still largely dominated by the bears.
Market in the last 24hrs
The last 24 hours witnessed a massive selloff. Stop losses were triggered caused prices to drop sharply, and triggered a further panic selling.
Today’s Trend analysis
ETHUSD seems to be under huge selling pressure. The low created at $1700 is a 3-month low for ETHUSD.
Price volatility remained extremely high at approximately 17.4%, with the day's range between $1700 — $1997.00.
Price at the time of publishing: $1767.35
ETH's market cap: $206.44 Billion
Out of 11 Oscillator indicators, 7 are neutral, and 3 are bearish.
Out of 15 Moving average indicators, 14 are bearish , and 1 is neutral .
Indicator summary is strongly bearish for ETHUSD.
Volumes have spiked up tremendously in the past 24 hours.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
Are Transports signaling a broad market top?Transports tend to lead the markets. and this is a very key level. looking on a monthly time frame You can see transports just hit the top of the trendline that dates back to 2009. In the instance every time market either cooled down or sold off fairly sharply. is the parabolic move over? Transports might be the key to tell us it is. I am currently short IYT and will close the short on prior ATH. target price 190.
Technical sell off analysis Presented is a 1 hr chart analysis leaning towards a sell off. We are retesting our top resistance area of 70.00. With immediate volatile action in this zone sentiments a sell off.
$70 a barrel seems to be our top target reversal. I have 2 take profit targets of 68 and 66.50. Price action is consistent with oil making these targets ever more accurate.
RSI and SRSI are loading up for a sell off out of the overbought zone.
Important to keep in mind a break and close out above 70 will shoot to retest 71. Enter after a significant sell off bar that initiates strong reversal.
Please comment with thoughts and ideas. Thank you.
