APPLE IS TURNING GREEN 🍏 - MARKET IS ON!!!My theory that APPLE will be the crucial chart is paying dividends.
APPLE Share is on the Rise, above key resistance of 154$
My targets are 212$ and 249$
I had told everyone here: Things can get better faster than most think:
I also shared with you today how Tech beats inflation (i used the Tesla chart given that Elon tweeted today):
Market could be on the rise again and our Saturday morning could be something like this:
Call me crazy, i don't mind, after all i'm super fine even if i would be making sense to just myself but during the 'Panic days' I posted this: If there is something about the markets is the 'correlation' with America. I have learned how to pay attention to the 'signals' Americans give. In this case it was Biden signaling the rebound and i paid attention, that's all.
Empire strikes back. Negative GDP was painted Green.. Professor is Long.
One Love,
the FXPROFESSOR
USA
APPLE Hello you have at your disposal the technical analysis of apple , you have at your disposal marked supports and resistances.
We are currently in a medium term downtrend and today we are in a slight uptrend within the downtrend (medium term) fruit of this rise of 75 bps rise of the FED today.
Best regards L.E.D.
Today 07/28/2022
What's Hot: The stakes are high for the widow maker tradeThe widow maker trade is back. At over 136 yen to the US dollar, the yen is approaching levels of weakness last seen in the summer of 1998. Investors are now betting that the Bank of Japan (BOJ) under growing pressure to stabilise the yen will have to abandon its 0.25% cap on benchmark bond yields and allow them to rise. If this were to happen, it would have widespread ramifications allowing the yen and Japanese rates to rise.
BOJ’s unprecedented quantitative easing program is getting harder to defend
The BOJ kept its bond purchase plan unchanged for the July-September quarter, even though its actions are weighing on the yen. It insists the Japanese economy still needs support. While this is true, the BOJ needs to take a balanced approach by considering both the merits and side effects of its ultra-easy monetary policy. As it stands, liquidity deteriorated on the JGB market and the weaker yen continues to drive up imported inflation. The BOJ spent more than ¥16Trn (US$118Bn), its largest monthly purchase in June since Governor Haruhiko Kuroda took the helm of the BOJ in 2013, as it sought to suppress yields. The JGB market faces continued pressure with a gauge of liquidity pointing to worst levels since 2013. A rise in the index implies a decline in liquidity.
Inflation becoming a concern
A gauge of Japan’s inflation expectations has climbed to a seven-year high, as a weak yen compounds the effect of elevated commodity prices. In Tokyo, the core CPI (excluding only fresh food) increased 2.1% YoY in June, picking up from a 1.9% YoY rise in May. The boost from energy prices barely changed owing to government subsidies for oil wholesale companies. The June BOJ tankan (short term economic outlook), showed business confidence Diffusion Index (DI) among large manufacturers decline in June for a second quarter in a row owing to parts shortages, surging raw material costs and lockdowns in China. With raw material prices surging and the yen depreciating, the output price DI continued to show pass-through of higher costs to sales prices, and corporate inflation expectations increased further.
BOJs containment of yields becoming a costly affair
By implicitly capping 10-year Japanese government bond yields at 0.25%, the Bank of Japan (BOJ) is struggling against the tide of rising global interest rates. In doing so, the BOJ now owns almost half of all Japanese government bonds (JGB).
This could spell trouble for the Japanese government as it relies on the BOJ indirectly underwriting its spending with large debt purchases. According to Mitsubishi UFJ, the BOJ may have been saddled with as much as ¥600Bn (US$4.4Bn) in unrealised losses on its JGB holdings earlier this month, owing to the widening gap between domestic and overseas monetary policy. They estimate if 10-year yields reach 0.65%, paper losses on JGBs could exceed the BOJs capital base, which totalled ¥10.9trn at the end of March. As the BOJ’s own calculations use book value as opposed to market value, it reflects no change in its finances.
Yen remains a favourite habitat of FX reserves in Q1
According to the IMF, global FX reserves managers sold euros, US dollars, and pounds in Q1 2022 and bought more yen than any other currency making it a favourite habitat of FX reserves. FX reserves probably had to shore up a decreased share of yen assets owing to the yen’s decline. Persistent demand from reserve managers alongside Japan’s status as the world’s largest net creditor may also help provide a floor for further downside.
This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.
Microsoft Short PositionCurrently trading around $270, Microsoft is priced close to this month’s R1, PP1 pivot resistance level. Currently priced bellow this weaker resistance level the stock is trading above its central PP level. Furthermore, using a 20-day ranged Bollinger investors can see that the price currently lies just below its upper bound. In fact, the upper bound is equal to the R1, PP1 resistance level supporting a bareish sentiment.
Based on these signals, it would be reasonable to assume a bareish correction towards its support. However, it would also be reasonable to assume more bullish movement towards it’s PP1 resistance pivot before any bareish corrections were to occur. Based on buy trends represented by the green candles, it would seem as though there will be modest bullish movements before the stronger bareish corrections were to occur. This trend is represented by swing high and low patterns since the start of the year.
Therefore, we have set our purchase price in between the PP 0.5 and R1 resistance levels. We anticipate based on chart trends that the green candles will reach the price of at least $275 before any bearish corrections occur. The team have set a target price in line with the Fibonacci’s S1, PP 0.382 support pivot. The buyer should sell around $244.
Moreover, negative earnings are expected to be announced today. Therefore, expect bareish corrections in line with this report.
Alphabet Inc-Bullish Swing The 20-day ranged Bollinger band presents a support or lower bound (red line) equal to $105. This is the price in which the stock closed at yesterday the 26/07/22. Before today the, the stock’s price was equal to the Bollinger’s 20-day ranged support level indicating a bullish correction before further bearish movements in line with the current macroeconomic environment. Since trading has opened today, we have witnessed a correction towards the Bollinger’s resistance landing just beneath the Bollinger’s middle bound (orange line).
Bullish movements are further supported by RSI and SMA indicators. The purple RSI is beginning to cross the yellow SMA suggesting bullish stock price movements. Furthermore, the MACD indicator presents the red MACD line also crossing its blue signal further supporting a bullish swing before further bearish movement.
In line with these signals, I anticipate the stock to beat the Bollinger’s middle bound and anticipate a strengthening buying trend. For this swing trade, I have set a strike price equal to $112. My target is bullish, I will sell before the end of the week at price greater than this strike.
SPDR S&P 500 ETF TRUST - SHORT POSITIONUsing a 20-day ranged Fibonacci, investors can see that SPY-S&P-500 has closed yesterday 18/07/22 at $381. Using a 20-day ranged Fibonacci, investors can see that this price is closer to its resistance level of $397 whereas it’s support is equal to $363. This is a bareish signal, investors should expect a correction closer to it’s support.
For further accuracy, using standard deviation; Bollinger bands have been applied using a 20-day range. The Bollinger’s lower bound is equal to $369, it’s upper bound is equal to $392. This Bollinger further supports the bareish signals presented by the Fibonacci given that it’s currently priced closer to the Bollinger’s upper bound. Therefore, it presents an additional bareish signal with a smaller and more accurate range in comparison to the Fibonacci.
A MACD indicator is a 9-day EMA, it is used to identify turns. The blue MACD line appears to be running parallel to the red signal line. This suggests neither a bearish nor a bullish sentiment. Based on the MACD DEMA it would be reasonable to anticipate a steady momentum of price movement.
All things considered; I would anticipate steady, bearish underlying movements of the SPY-S&P-500. The buyer should set a strike price in line with the Fibonacci’s $397 resistance. I anticipate the stock to reach it’s lower bound Bollinger level of $369 by the end of the week.
$XAG - Keep an eye!$XAG - Keep an eye!
Precious metals have had an ugly time within the market, when it comes to rate hikes decisions stronger dxy leading commodities to weaken further, but now we are at key areas when it comes to HT and that's interesting. As I always state HT = ST movement.
Regarding support areas of $XAG if $18 doesn't hold we head further lower to $17 and that can easily be achieved but this area of support we've tested for yrs and that's why it really matters and sure we could look at metals miner we could even look further to get the best R/R for XAUXAG to seek out further validation. I'm personally on side line for now.
There has been various headlines regarding, lot of buyers when it comes to physical precious metal buying for 'inflation' hedge...
Have a great weekend
TJ
DXY: Waiting for the DeclineGreetings to all.
I expect the US dollar index to decline in the medium term.
Disclosure: This article may not take into account all the risks and catalysts of the assets described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental/technical criteria or events change in the future, I do not assume any obligation to update this article.
DXY short term bear, longer term bull. We are in a massive descending channel since some time in the 1980s or so. The idea shows how our dollar may return to the orange trendline and continue on its way up until summer 2024 or so. Are bears here to stay until 2024? In my opinion: The sooner we reach the top of the channel, the better. Most of us hold stocks and crypto lol... Mostly posting this so I can see how it plays out in 2 years. I will post other timeframes in comment section below.
When this trendline breaks, Japan may hyperinflateJapan's central bank is buying unlimited amounts of Japanese debt in order to maintain yields around 0.25%. This ratio shows yields over the central bank's balance sheet. When this trendline breaks to the upside, it essentially means that Japanese debt is being sold faster than the central bank can buy. Japan may be going through some serious financial events very soon.
www.cnbc.com
The bank of Japan is selling US treasuries in order to buy more Japanese treasuries. This may cascade into US problem of rising interest rates and unsustainable debt levels being that Japan is the largest foreign holder.
www.bloomberg.com