Watching the Hand Seng underlying index in coming sessions...could be a good selloff on the cards...price action looking weak and there is a lot of buyers that could be put under pressure to unwind long positions!!
Spot gold has held a good base and worked its way higher recently to break the downtrend from around 2067. With price action showing some good signs for a new leg up, i think it is a good idea to keep an eye on your favourite Gold Stocks. Check out the video for my Gold Price Action Analysis and where I think the precious metal is going along with the key levels to watch.
There has been a lot of talk of the US heading into recession, and while the Fed and Politicians deny it, most feel that we are already 'in' a recession. The Fed will of course do and say all they can to keep the stock markets orderly and supported while trying their best to bring down inflation. Key now is to watch inflationary and economic data. In the video...
Gold has been linked to the fortunes of the USD and been relentlessly sold as the USD moved up. Gold is now down on Daily support and the USD may have found a high if the US Fed Reserve get serious about inflation and interest rate rises. Watching Gold now to find some buyers and potentially squeeze out some of those pesky shorts. Preferred price action is for a...
The Morning Jumpstart Weekly Review 11/07/22...key levels to watch on major markets for the coming week!! Cryptocurrencies remain under pressure while share markets bounce but remain in their daily downtrends. Bulls will be looking for major share indexes to base and provide buying opportunities into earnings although bulls will focus on guidance as interest...
In the short term the DOW is looking good and set for a run up to 32550. The longer term trend is still down so a lot of longer term bulls will still be wary as recent market moves are dominated by intraday traders.
Gold on the Daily timeframe looks weak and coming off a major double top could mean bears are set to give it a hammering. Price is starting to hold a key lower high and drag in more sellers for the squeeze lower to break the hearts of the Gold Bugs. There is still a lot to play out and the pattern could easily fail but Gold has not been an inflation hedge (at all...
The Morning Jumpstart Weekly Review 20/06/22...key levels to watch on major markets for the coming week!! Cryptocurrencies remain under pressure and I expect that things will get worse before they potentially get better as we see cracks appearing in the underlying fundamentals of the asset class. Solana is taking an unprecedented step of freezing a large account...
The US remains focused on economic numbers and whether a slowing economy can offset higher inflation. Expectations are if data releases fail to meet analysis consensus, then we may see inflation peak and therefore a less aggressive US Fed Reserve towards interest rates. This would bee seen as a positive for shares but I suspect only in the short term. US...
The US gave back a stronger open to fade lower into the close. Again the fight is between economic data and higher inflation and whether the strength in the US economy can continue and absorb high inflation and the inevitable rate hikes. Any economic data releases that fail to meet expectations will see the share market unwind risk and head lower. US key...
Share markets bounced back as the European and US markets brush aside higher inflation on the back of resilient Consumers. Markets are only in correction mode and have not built a longer term base so I expect a grind up prior to another bout of selling pressure to come in to the action. The Fed does not seem as intent on containing inflation as first thought as we...
Share markets bounced back as the European and US markets brush aside higher inflation and rate rises. Markets are only in correction mode and have not built a longer term base so I expect a grind up prior to another bout of selling pressure to come in to the action. The Fed does nit seem as intent on containing inflation as first thought as we see the USD...
Share markets continue to chop around the lows with bulls trying to build a base to drag in more reluctant buyers. Inflation and rate rise concerns continue to weigh on markets as the Focus is on economic numbers. If the data shows the start of a slowing economy while inflation remains strong...we could see some serious selling into share markets. The general...
Share markets managed to find some buyers to hold up off the lows as the US was largely range bound for the session. Buyers were happy to soak up the selling pressure from a weak open and fend off another selloff. The USD ran lower as safe havens moved down which lifted Gold. Major US indexes look set to bounce again into the weekend on more bargain hunting. The...
Review of the key levels in the major markets as global markets resumed the meltdown with the NASDAQ and SP500 down over 4% and DOW 3.5%. Markets playing catchup to Powell comments and also have concerns that the US consumer is holding onto cash and not providing the economy with needed support...Target failing to delver on earnings highlights the concerns. Safe...
Review of the key levels in the major markets as global markets continue to bounce and find more buyers. Powell was concerned for the high inflation levels and hinted at being more aggressive if needed sending bond yields higher. Traders focused on the stronger than expected economic numbers and the resilience of the US consumer. USD fell away from highs as safe...
Review of the key levels in the major markets as the US flounders and is mixed ahead of Powells speech in the coming US session. Traders will be eagerly awaiting to see what Powell has to say about inflation and the Feds interest rate plan. USD edged lower as safe haven dollar buyers closed long positions. The general trend for major Indexes remains down with the...
Review of the key levels in the major markets as the US bounces back Friday following of from a strong Asian and European session. Bargain hunters taking the opportunity to buy in an extended market so the questions is whether this bounce can gather momentum higher. The general trend for major Indexes remains down with the USD, Inflation and Interest Rate Rises...