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Key Levels and US Market Review for the Asian session open 3/05Major Indexes in Europe and the US came under pressure as traders went risk off. New banking concerns for the US weighed on the action along with worse than expected economic data. Traders will be focused now on the FOMC rate statement to see what the Fed has to say about inflation. Expectations are that the Fed will raise rates 0.25% and potentially signal one more rise....as long as inflation data comes down further. US key employment data out Friday will also be a focus for the remainder of the week. Expecting a weaker open for Asian markets after the selloff into the overnight session. Expecting the ASX200 to open down 35/40 points while the Hang Seng to open down 180 points. With a resilient US economy, sticky inflation is the big issue and also a slowing economy. Traders will be eager to hear what the US Fed has to say in the FOMC statement. Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
AAPL - Time for a Correction??NASDAQ:AAPL Has rallied 35% this year and is coming into Earnings this week. Most of the other Tech giants have reported and have had rallies, Is AAPL going to continue this or are we due for another correction to get long. If its really bullish like the last move a move back to 160 would be all we get. If it breaks through these levels then 150-155 is the next level. There are smaller patterns completing around 170-171 so these are the levels to watch. US Interest rates this week which will give a bit of volatility and the VIX is at very low levels not seen since 2021. These are the conditions setting up this week. Enjoy the week.
NASDAQ:AAPLShort
by L_F
Nifty Prediction for Tomorrow - 2 MayLets discuss tomorrow Nifty Prediction or Scenarios: on 2 May 2023 Spot Nifty Closed at 18065 (+ 0.84%) Pivot Level : 18013.10 Support Level : 17937.05 / 17809.10 Resistance Level : 18141.04 / 18217.10 Scenario 1 :- If Nifty open near 18120, we can enter in call option or buy futures for the target of 18180 with Strict Stop Loss of 18095. Scenario 2 :- If Nifty open near 18180, buy a put option or sell futures for target of 17985 with very small Stop Loss 18205.
NSE:NIFTYShort
by InvestorDost
Head and Shoulders Topping Formation on the Russell2000The recent failure of First Republic Bank highlights the problems facing the US banking system. These problems include the continued increase of delinquency rates on Credit cards, Commercial Real Estate & Automobiles, as well as a decrease of commercial bank deposits and M2 money supply (-4.2% YoY). These problems, among others, are causing banking institutions to rein in their lending to build reserves and take on debt from the FED & FHLBs to meet deposit withdrawals. This reduces the profitability of banks and restricts credit into the economy, which reduces economic activity as a whole. The economy had already begun slowing heavily before the credit crunch began in March 2023, but the current business cycle downturn, combined with 3 large regional bank failures and rising continuing jobless claims, portend a severe & lengthy economic contraction. The Conference Board Leading Economic Indicators registered a -7.2% YoY Contraction recently. Since 1968, Any Conference Board LEI contraction of more than -2% YoY has never yielded a false positive in regards to a coming recession. Over 40% of Russell2000 companies are unprofitable and over 24% of S&P500 companies are zombie companies. Markets are still very overvalued within the context of a 5% Fed funds rate, contracting earnings, a credit crunch, and ongoing quantitative tightening by the FED. The markets have been seeing less buying volumes as well as carving out a head and shoulders top on the Russell2000. Other problems facing the banks include the popping auto & commercial real estate debt bubbles, as well as increasing large corporate bankruptcies (The most since 2010 thus far this year). The IPO market is the weakest it has been since 2009 (by total proceeds), which is also hurting Investment banking profits. I see the potential for 5%-10% possible upside and 35%-50% downside for the Russell2000 & S&P500 over the next 9 -18 months. Thank you for reading, Alexander C. Lambert
AMEX:IWMShort
by Alexander_C_Lambert
Google -> Finally The BottomHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Google stock just recently perfectly broke above and is now retesting a major previous weekly structure area which is now turned support at the HKEX:104 level. You can also see that weekly market structure is now bullish, moving averages are also bullish and the recent price action on Alphabet stock just looks like a solid bottom formation so I simply do expect more continuation towards the upside from the current levels. On the daily timeframe you can see that market structure is about to shift bearish so I am now just waiting for a clear bullish impulse and break above the daily HKEX:107 resistance before I then do expect more continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:GOOGLong
by basictradingtv
45
Tesla -> Last Chance For BullsHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Tesla stock is actually currently rejecting a quite obvious weekly previous support/resistance area towards the downside exactly at the HKEX:200 level. You can also see that the next major support zone is at the psychological $100 area from which we already had a strong rally a couple of weeks ago so I am now just waiting for another retest of the support zone and then I do expect another rejection towards the upside from there. On the daily timeframe you can see that Tesla stock is retesting previous daily support at the HKEX:165 area, market structure is currently still bearish so I am just waiting for some bullish confirmation inside this zone before we could then see a short term rally towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:TSLALong
by basictradingtv
42
Key Levels and US Market Review for the Asian session open 19/04Major Indexes were again relatively flat with earnings weighing on US markets while Europe grinded higher. The USD moved lower from the start of the Asian market session which supported commodities, namely Gold, while US short term bonds continued lower as yields edged higher. I expect the Asian markets to have a muted open with the ASX200 to open flat and HSI slightly lower and potentially see more of the same chop as the previous session. Longer term, share markets seem to be getting a little heavy so we could see another good swing lower as traders take some risk off the table. I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed. Traders are continuing to anticipate the end to the rate rising cycle and may be wrong again. If the Fed stops too soon, then shares will rally and put pressure back on inflation. Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 17/04Major Indexes were mixed heading into the weekend with Asian and European markets ending with gains while the US moved lower. US bond yields spiked higher and the USD found buyers to pressure up off support as the focus remains in 'sticky inflation' and more rate rises to come in the US. US earnings is under way with big banks finding buyers as they benefit from rising interest rates and easing fears of stress in the banking sector...potentially showing they benefitted from the Banking crisis. I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed as they potentially come to the end of a rate rise cycle. The Fed will be conscious of a run higher in risk assets as that will continue to fuel higher inflation. Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
🥂CAC40: Croisière sur la Seine, avec une bouteille de ChampagneLuxury shares boost Europe's STOXX 600, French stock index TVC:CAC40 hit new record high. European shares climbed on Thursday on a boost from luxury stocks after XETR:MOH posted upbeat first-quarter sales, while hopes of a pause in the Federal Reserve's rate hikes after signs of cooling U.S. inflation also aided sentiment. 👉 The pan-European STOXX 600 rose 0.4%, while the blue-chip index (STOXX50) gained 0.5%, inching closer to its highest level in 22 years hit on Wednesday. 👉 LVMH climbed 5.7%, closing at a record high after the world's largest luxury company reported a 17% jump in first-quarter sales that breezed past estimates as business in China rebounded sharply. 👉 European stocks have more than recouped last month's declines with gains of 1.4% so far, outperforming the benchmark SP:SPX index on Wall Street, amid ebbing fears of a steep recession in the euro zone. 👉 European stocks are seen as undervalued compared to their U.S. peers. With the economic outlook for the U.S. deteriorating, investors appear happier now to take advantage of this pricing skew and buy relatively cheaper European shares. The risk factor that had been associated with holding European shares is diminishing and this is allowing investment decisions to be made based more on fair value plays. Technical pictures in France Stock Index TVC:CAC40 indicates the breakout of massive 20-year old Reversed Head & Shoulder structure, so it seems a lot of gain here is yet to come.🥂
EURONEXT:FCE1!Long
by Pandorra