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Sellstocks

S&P sell off for 1:5 on the risk to reward (Don't buy stocks)! The S&P has had an extraordinary run in November. It has moved up 400 points from the low and now looks to have consolidated and waiting to drop. Here are the reasons we want to sell this pair this week. 1) Daily RSI is overbought 2) H4 RSI is overbought and there is a double top 3) There is a Weekly pattern to sell which reacted previously and now there is a TYPE 2 test. 4) Strong resistance of last week's high of 4525 is there This will be a long term trade. S&P takes time to come down so I expect this to run for about 4-5 weeks.
SP:SPXShort
by JD_TeenTrader
Why the S&P 3 month chart paints a scary view for Stocks We have been bearish on S&P since April 2022. The bearish outlook is even more evident now with a HUGE DOUBLE TOP in the 3 months chart. This is the first time we have analyzed this pair in the 3 month chart and the divergence is obvious. What does this mean for the S&P? 1) It is very unlikely it can move above 4600 to 4800 in the near future 2) There is a high probability that the pair is moving downwards. We are already in short from 4370. 3) The immediate target is 4275 but we looking at 4180 as the next target. 4) The long term target is 3600 and we will keep selling at any opportunity In our mind, the stock market is in for a rough ride for the next 1 -2 years. Our prediction is that around 3000 by the end of 2024.
VANTAGE:SP500Short
by JD_TeenTrader
Why you should be worried if you hold stocks. S&P Big PictureThe S&P has had a bull run in 2023 but it has stalled at 4600. What is even more worrying for the bull is that: 1) There is a huge Weekly double top with divergence on S&P 2) There is a pattern to sell 3) The neckline was broken and the market closed below it Overall the market is going to be bearish for the coming months. We will continue to sell all indexes and stocks and will post a daily analysis of what we are seeing. Follow us for more updates!
SP:SPXShort
by JD_TeenTrader
A 1:5 Risk to Reward Sell on NZUSD (USD will go up) Hello everyone, It has been a while since we had a proper post and we hope to return back to normal moving ahead. The past 6 weeks has seen a massive weakening in the USD which means stocks has strengthened a lot. This is to be expected as markets swings in both directions. We see all the USD pairs are completely overbought. (AUDUSD, NZDUSD, GBPUSD and USDCHF being oversold). This is the moment USD is likely to strengthen and we see the turning point around here. What are waiting for to pull the trigger on NZDUSD? 1) Hoping for it to get to 0.6120 2) Looking for M15 divergence 3) H4 is already overbought 4) Selling against the high off last week. If you are patient (and lucky) you are looking at 0.5875 as the target.
Short
by JD_TeenTrader
The end of the Bull Market? A big drop is coming I do not trades stocks or indexes at all but technical analysis can be applied to any instrument so this is my view on the DJ Index. The DJI has had an incredible run since March 2020 (18183) to the high of 36855 made at the beginning of the year. What were the reasons for this? 1) Low to no interest policy of the FED 2) Optimism of recovery from Covid and vaccine discovery. 3) Free money being available and a lot of amateur traders getting into the market This Index however has run out of steam. Technically speaking, there are massive reversal signs that are in play since May 2021. 1) Weekly Overbought on RSI 2) RSI Divergence on the weekly chart 3) Head and shoulders pattern complete On a fundamental side we have: 1) Interest rate increase to combat inflation 2) The China lockdown 3) An energy crisis 4) The sad invasion of Ukraine The year long consolidation between 34000-36000 is a dire warning that the market is in consolidation for a big move. It is very unlikely to be up and we are looking at the intial levels of 30,0000 and then 26,000. If the consolidation lasts for a few months, these levels will not hold and we will see a bigger drop. There is no timeline on the weekly chart, but let's revisit this chart in July, October 2022 and January 2023 to see where the market is at.
TVC:DJIEducation
by JD_TeenTrader
8
BREXIT YUAN DEVALU: USDCNH - SNEAKY FX FIXING? SELL SPX & FTSEAt the start of 2016 the PBOC began aggressively devaluing the off-shore Yuan against the USD, imo in an attempt to start the year with a competitive export:import advantage - with the aim of making 2016 a headline "come back" year for China amid the growing GDP growth and Credit bubble worries. As a result Equities across the board sold-off (-8.5% in a few days) as non-chinese Exporters globally feared that their biggest market/ growth market was coming under pressure, as the relative value of their USD exports soared, as Chinese import demand would fall significantly and as a function of the depreciation relative to the USD. Whilst the initial highly correlated move hit equities by -8.5% (7 days), however when fully priced, the CNH devaluation fears took the SPX down 13% to 1808 lows in just 12 trading days. The PBOC Deval intervention took CNH to lows of 6.7550 and low-closes of 6.6900. Brexit - Under the radar and sneaky PBOC FX Intervention? 1. Fast forward 6 months - the Days going into Brexit USDCNH traded at almost exactly the same fix as the pre-deval January level at 6.58 (blue line), then on the most volatile brexit days, the 24th and 29th, PBOC fixed the Yuan 1000pips lower to 6.6850, just above the extreme January lows at 6.6900 - Since then CNH has continued drifting lower, and now has eclipsed the shock January low closes of 6.6900, currently at 6.6960, which is now a new 6 year low. - This begs the question, did the PBOC plan this as a way to get their goal of competitive depreciation achieved WITHOUT the negative press/ market impacts that were seen in January? The answer is unknown but by looking at the Yuan prices on brexit day and the day after, it certainly looks like it - 1000pip devaluation in 2 days, thats bigger than any deval in CNH's previous history (even from January). How to trade it? 1. Imo this trade is a no brainer, given the PBOC seem happy to keep fixing CNH higher and have shown no signs of stabilising/ appreciating - with the last 6 daily candles in the green, my bets are that the PBOC in the near-term think they have gotten away with the deval, in the midst of all of the brexit effects e.g. Central Bank information flows are high, the brexit news itself and general market volatility are all acting as distractions - thus the SPX hasnt priced any of this deval YET despite it being more extreme than what caused the 8-13% equities sell off in January? - I have to admit, it has taken even me until now to realise this sly depreciation, nonetheless this trade (short Equities) is a one up on the market currently as most still havent noticed and continue to focus on central bank action.
Short
by QuantumLogicTrading