IndicatorsGMI: 6/6GMI-2: 7/8T2108: 30%The post Blog post: Day 40 of $QQQ short term up-trend; $CRWD retakes green line first appeared on Wishing Wealth Blog. [Read More...]
Indices bounce off support on light volume
Monday’s confluence of support tests was going to bring a reaction and a reaction it did. Today marked the second day of buying, but volume for today was down on yesterday and indices will soon find themselves testing the resolve of buyers of the July high – will supply / sellers return?For the Nasdaq, today’s buying was sufficient to regain its 20-day MA with new ‘buy’ triggers for On-Balance-Volume and ADX. The S&P also saw a fresh On-Balance-Volume ‘buy’ to go with the successful test of the 50-day MA and return close above its 20-day MA. Large Caps are outperforming Small Caps, although Small Caps are making up ground against them.Speaking of Small Caps, the Russell 2000 bounced off channel support to again … [Read More...]
Against Insurance Groups [AIG]
Photo Credit: Mindy Georges || The umbrella belongs to Travelers This is a bug in my bonnet, and I have written about this for at least 13 years, and maybe as long as 16 years, but insurance conglomerates don’t work well. After suggesting at least three times that AIG should break itself up, we are finally to the last stage of it doing so. There is a saying in the industry “Life Insurance is sold, P&C Insurance is bought.” They are different markets, and there is no reason for shareholders to own a company that does both. But some companies diversify. Who does that benefit? The main beneficiary is the management, as it gives them cover for underperformance. They can always blame transitory factors for … [Read More...]
Gann Stock Screener for F&O Stocks July-21
Most of traders develop trading systems based on patterns we see in price action or in momentum or other indicators. But, what if we took “time” into account as well? When ever we talk of TIME, one person which come to our Mind is legendary W D Gann. But there are many other famous traders… Read More » The post Gann Stock Screener for F&O Stocks July-21 appeared first on Bramesh's Technical Analysis. [Read More...]
She Dodged a Bullet
FEEDOne of the creepiest artifacts of pop culture is one you may or may not have heard about already. But back in 1978, on the smarmy Dating Game show, the guy who “won” the date turned out to be a serial killer. He murdered women before and after this appearance, but luckily for the “winner”Read More 0 Comments [Read More...]
ECB – A game changer?
OANDA Senior Market Analyst Craig Erlam discusses the ECB meeting, tweak to its mandate and the impact on EURUSD. [Read More...]
MATIC price primed for 85% rally as buying pressure behind Polygon explodes
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Morning Post 07/23/2021 SPX
The pure incompetence of this administration is terrifying. Good vs evil. On to the lie – Minis up 20. At some point, after leaving reality, one must return. Not sure I want to witness that moment, but I’m sure we will. More to come below, Have a good day. GL and GB! [Read More...]
Week Ahead – Fed and Earnings Eyed
Major week for US markets All eyes on the US next week as the Fed meets and we head into peak earnings season. The central bank will discuss its exit strategy from emergency era stimulus and investors will be looking for any hints on the timing and execution. Earnings season is off to a very strong start and it will step up a notch next week with a number of big tech companies reporting. There’ll also be a raft of economic releases which will grab the attention of investors. Europe also offers a wide range of economic data which, coming shortly after the ECB announced a tweak to its mandate, will be very closely monitored. Huge week on Wall Street Data key after ECB tweak Rupee … [Read More...]
Canadian Dollar Forecast: USD/CAD Capped by Resistance Ahead of FOMC
Canadian Dollar snapped a three-week losing streak after USD/CAD stalled at key technical resistance. The Loonie levels that matter on the weekly chart into FOMC. [Read More...]
Sellers bring havoc to Russell 2000
Last week’s bounce from the swing low looks to be toast with today’s distribution selling leaving the Russell 2000 just a few points above that swing low. The net result from today was to leave technicals net bearish with the lows of March the next target.The Nasdaq finished the day with a bearish engulfing pattern, albeit on light volume. Technicals started with a bearish ‘sell’ trigger in the MACD as other indicetors are likely to follow suit over the coming days. On the daily time frame, a Fibonacci retracement brings things back to the June breakout. The S&P had the best of the action, finishing with a neutral doji that did little real damage. Technicals remain net positive. We need to watch the Russell 2000 closely. Today’s … [Read More...]
Blog post: 35th day of $QQQ short term up-trend but many stocks have failed break-outs, getting more defensive, GMI=4
IndicatorsGMI: 4/6GMI-2: 6/8T2108: 32%I went to cash in my trading account yesterday. I want to see if QQQ holds today. We are approaching a traditionally weak period in the market, especially after 2nd quarter earnings are out. GMI has declined to 4 (of 6). The post Blog post: 35th day of $QQQ short term up-trend but many stocks have failed break-outs, getting more defensive, GMI=4 first appeared on Wishing Wealth Blog. [Read More...]
The Rules, Part LXXI
Picture Credit: Ron Mader || Humility is underrated. Without it everything is a fight. “Size expectations to resources and you will rarely be disappointed.” I would think that this one would be “common sense,” but I have another saying, “Common sense isn’t.” Many people engage in magical thinking, overspending and assuming that things will work out in the end. Under most conditions, it does not work out in the end. Living in reality is a key to happiness. Delay gratification, have a buffer, and invest for the future. What could be simpler? You might or might not be surprised at how many let short-term pleasure dominate over long-term well-being. I think it is hard if one is … [Read More...]
Mercury Declination Reaches Maximun :Bank Nifty Analysis
As Discussed in Last Analysis Now Bank Nifty is forming Bearish ABCD Pattern as shown in below chart with PRZ in the zone of 36143-36185 which is very crucial range, Unable to cross this we can see a fall twards 35300 odd levels in next . Bulls need to move above 36000 for a move… Read More » The post Mercury Declination Reaches Maximun :Bank Nifty Analysis appeared first on Bramesh's Technical Analysis. [Read More...]
Market Insights Podcast (Episode 214)
Jonny Hart looks back on the week’s business and markets news with OANDA Senior Market Analyst Ed Moya in New York. This week they discuss inflation drivers, Fed Chair Powell’s testimony to Congress, Biden’s infrastructure bill, Chinese GDP, and bank earnings. They also discuss what the week ahead has in store for financial markets. [Read More...]
Hedging Inflation Risk
FEEDSpiking used car prices helped drive the increase in inflation. ; The Inflation Threat The short term threat is the rise in inflation. With the 5.4% spike year-over-year in June, it’s getting harder to deny that inflation is now a problem in America. Granted, this hasn’t been news to anyone who has filled up their carRead More 0 Comments [Read More...]
Dogecoin Price Prediction: DOGE primed for a 20% bounce
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Morning Post 07/16/2021 SPX
LS2 traveling to Newport Beach with some buddies to visit a frat brother for a few nights. I’ve been there. Beautiful area. As a somewhat conservative GA boy though – seeing the country is great, but … I guess it’s a good thing. Somewhat bothersome to a parent sending your baby to the left coast. On to the lie – Remember the 50dma is the new 20. Meaning this year the 20 has only supported price once in the seven times it’s been touched. The 50 has been the stop sign. Not saying we’re headed there, although it should. Just an observation. More to come below.Have a good day.GL and GB! [Read More...]
US Dollar Forecast Holds A Break, But Follow Through Depends on Direction
There is a technical breakout in the foreseeable future for the US Dollar. With the two-week range at extreme lows, will the market muster enough charge to inspire follow through for the Greenback? [Read More...]
Week Ahead – ECB on deck as stimulus debate heats up
Financial markets want to know if the Fed is committed to a sustained inflation overshoot. The bond market flattener trade suggests many market participants think we have seen the peak in yields. Inflationary pressures are showing no signs of easing just yet and the market will soon look to test the Fed’s patience. The dollar has been stuck in a tight trading range since the middle of June but that could soon change if the rest of the world shifts to a tightening mode more quickly than the Fed. The upcoming week is filled with many catalysts that stem from a deadline to finalize a bipartisan infrastructure package, persistent global delta variant concerns, widespread inflationary pressures, central bank rate decisions, and a busy week of earnings … [Read More...]
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