US continues lower as Bulls bail...US market recapMorning Jumpstart Macro View and US market recap 28-01-22
Europe moved up dragging the ASX, Hang Seng and Nikkei with it although the bullish sentiment was capped as the US continued to be sold lower with Tech (Nasdaq) leading the way. US markets are at key areas where buyers will need to make a stand!!
For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments.
View more at www.tradethestructure.com
Asx200
ASX:DMP - Stage 4 uptrend started- dominosStage 4 of growth has just started....?
History tells us that....
Domino's Pizza Enterprises Limited (DMP) is engaged in the operation of retail food outlets and franchise service. The Company holds the exclusive master franchise rights for the Domino's brand and network in Australia, New Zealand, France, Belgium, the Netherlands, Japan and the Principality of Monaco. The Domino's brand is owned by Domino's Pizza, Inc. which operates within the Quick Service Restaurant (QSR) pizza segment of the fast food market in Australia and New Zealand.
Bulls spooked into close...key levels for the coming sessionsMorning Jumpstart Macro view / US Market Recap 27-01-22
US markets took a hit into the close after the Fed Reserve signalled rate rises and an end to free money. Gold fell as the USD rallied while oil continued higher thanks to supply concerns.
For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments.
Hope you enjoy and have a good trading day!!
Market Recap and levels to watch for the coming sessionsMorning Jumpstart Macro View 26-01-22
US markets found some buying early only to give way to selling pressure into the close to close the Indexes in negative territory. FOMC is out late in the coming US session which weighed on the market especially tech (Nasdaq).
For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments.
Thanks for watching and please take some time to check out the website.
Market Recap and levels to watch for the coming sessionsMorning Jumpstart 25-01-22
US Bounced bark hard from a weak open after trapping and squeezing some sellers. Bargain hunters were out in force expecting that the selloff is over and its time to buy the Dip. I feel that we may have seen the highs put in place and may expect a further unwind of bulls as inflation and interest rate rises kick in. More in the video....
Thanks for watching and please take some time to check out the website.
Could be a slippery slide lower on the ASXThe ASX200 is under pressure as price falls into the weekend on stock market meltdown fears. US rate rises and inflation, along with other concerns, are weighing on bullish sentiment and testing the patients of buyers. Is this the calm before the inevitable storm?
To me, the 7175 level is the line in the sand after the recent RTF (Double Top) at 7625, and buyers will need to hold the line if we are to see higher prices. Price has extended into the level so may see a bounce on some bargain hunting in coming sessions although this will largely depend on how the US performs tonight.
US bonds are pointing to four rate rises this year which is more than expected and pressuring markets. There are some saying that the US Fed has made a mess of easing and have left it too late to contain inflation so will be chasing with faster tightening. If this is the case, I do not see traders wanting to add risk to portfolios or Funds willing to support price...so now is the time I am happy to be cautious hence the recent short on the ASX200 CFD.
Check out our website and follow us on social media.
FMG - Is it headed to $30 ?Fmg - looks like the uptrend is about to resume.
Key techinical - Inverse head and shoulders formation. FMG chart suggests it could be headed to $30. Resistance at $26. 20% upside.
Key fundamental - Iron ore prices at record highs to continue, resulting in record EPS ( big dividends ).
ABB @ 27 DEC 2021Text me if you have any questions/comments for me.
-----
ABB
- After hitting an overhead resistance zone (orange highlight) at 5.10-5.50 levels, stock has retraced back to support zone (blue highlight) at 4.40-4.60 levels
- Short-term average has crossed below (red circle) the mid-term average –> not a good sign
- Stock has been trapped in a sideways movement for almost 4 months
- All the indicators that I’m using is saying that the stock is not a good pick for a mid-term hold
- If stock can rebound above the moving averages, the support zone will be a strong place for possible future collection
- Any break below the support zone is pretty much game over for the stock
- Strategy-to-buy (DYOR) – Wait for HH and HL formations
ASX 200 @ 1 Dec 2021Text me if you have any questions/comments for me.
-----
In the last Market Watch analysis done on 2 November (red dash line), I wrote that I would avoid the big caps (eg. Blue Chips, ASX 200 constituents) while being more selective with my purchases. Since then, the ASX 200 tested and failed to break the 7450 resistance and is now falling towards the strong support zone near 7200 levels (orange line).
The ASX 200 previously rebounded from this support zone and another rebound would be good. The index is also testing the long-term average. Judging by its historical performance, I can’t say that the long-term average is a very strong support.
Since 1 Dec 2017 (blue dash line), the ASX 200 has only rebounded of the long-term support 2 times (blue arrows). The red arrows were when the index was rejected by the long-term average. This does show that the index does at least respond to long-term average – albeit not often as a support.
The red thumbs downs were periods when the index just fell through the long-term support. My huge concern is whether the ASX 200 will fall below the 7200-support zone. If it breaks this support, the overall market will likely be in a world of pain for at least a few weeks.
The US market hasn’t really shown convincing signs of a strong rebound. If a strong retracement takes place over the coming days in the US, I have a strong feeling that the ASX 200 will fall off the support that it is sitting on. Our best-case scenario is that the US creates a new all-time high in the next couple of weeks and the ASX 200 will take the hint and slowly rebound again.
With the integrity of our politicians being called into question and the federal election happening in less than 6 months, the markets will continue to be in state of flux. Rising inflation and potential Omicron scares will continue to disrupt the economic recovery.
In last Saturday’s FB livestream, I explained around the 17-minute mark how the US and Australia markets’ movements is signalling that there is a lack of confidence in the ASX market. Personally, I have reduced my trading portfolio from 6-8 stocks down to 3 stocks. I’m increasingly being more selective in my purchases as sometimes, doing nothing in the market is a form of capital preservation.
How about you? Are you optimistic or pessimistic on the ASX market over the coming 6 months? Are you aggressively buying now or waiting for stronger rebounds or retracements?
Asian Markets melting down and do not look healthy longer termThe Nikkei and Hang Seng along with my local ASX200 are well under pressure today and may see further downside in coming sessions. In the video I take a look at the daily charts for my major Indexes and discuss where I see the risk and how I will look to trade any downside if this weakness continues.
TLS @ 18 NOV 2021Text me if you have any questions/comments for me.
-----
TLS
- Previous analysis was done on 23 Sep (red arrow) - Suggested waiting for a successful breakout of $4 resistance before plotting entry
- Since then, the stock retraced back to re-test the 3.70 support levels and slowly rebounded
- Today, it successfully broke out with above average volume
- Next overhead resistance looks to be around 4.50 levels
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest plotting entry if believe the stock can have a sustained breakout
SHJ @ 18 NOV 2021Text me if you have any questions/comments for me.
-----
SHJ
- First time doing an analysis on SHJ
- Stock doesn’t have a good history of strong volatile uptrend, but it does respect the short-term support a lot
- Recent retracement back to the short-term support is a good sign
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest plotting entry if believe the stock is capable of forming a new high
KAR @ 18 NOV 2021Text me if you have any questions/comments for me.
-----
KAR
- First time doing an analysis on KAR
- Stock doesn’t have a good history of uptrends
- The good uptrend only started during the covid pandemic in March 2020
- The recent retracement back to the short-term support could provide a good opportunity for entry
- A successful rebound look to be around 1.88 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
IMU @ 18 NOV 2021Text me if you have any questions/comments for me.
-----
IMU
- Previous analysis was done on 4 Oct (red arrow) – suggested waiting for a successful rebound around 47.5 cents before plotting entry
- Since then, the stock has created a new high, retraced, and looks to be rebounding off the short-term support
- If have taken the entry suggestion, you should be having roughly 19% gains in roughly 3 weeks
- A successful rebound look to be around 60 cents
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
CMM @ 18 NOV 2021Text me if you have any questions/comments for me.
-----
CMM
- Previous analysis was done on 2 Nov (red arrow) – suggested plotting entry at 2.65 levels if believe the stock can create new all-time highs
- Since then, the stock created a new all-time high and looks to be retracing back to the short-term support
- If have taken the entry suggestion, you should be having roughly 7% gains within 2 weeks
- Today’s retracement looks to be providing another nice opportunity for entry
- A successful rebound would be when the stock recovers to around $3 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
AZL @ 18 NOV 2021Text me if you have any questions/comments for me.
-----
AZL
- First time doing an analysis on AZL
- Stock doesn’t have a good history of uptrends
- Since stock IPO-ed in 1990, it has had periods with sudden exponential price movements that can give very good gains and very bad losses all in a short period -> not a stock that would fit conservative traders/investors
- After the recent push from mid-Oct 2021 to a 4.5 year high, the stock is close to it’s psychological support of 10 cents
- A successful rebound look to be around 13 cents
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if comfortable with huge price swings
AEF @ 18 NOV 2021Text me if you have any questions/comments for me.
-----
AEF
- First time doing an analysis on AEF
- Has a good history of strong uptrends
- Looks to have a strong support at the short-term average but occasionally retraces all the way back to the mid-term support
- Recent price action looks to be a sideways consolidation instead of a retracement
- Another test of the short-term support will be good
- Successful rebound looks to be around 14.50 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if believe the stock can create new all-time highs
ABB @ 18 NOV 2021Text me if you have any questions/comments for me.
-----
ABB
- Previous analysis was done on 17 Nov (red arrow) – suggested waiting for a successful breakout above 5.30 levels before plotting entry if believe the stock can create new all-time highs
- Today’s price action is accompanied with above average volume is proving to be a successful breakout
- Price is now too far from the short-term support
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and a successful rebound
LOV @ 17 NOV 2021Text me if you have any questions/comments for me.
-----
LOV
- Previous video analysis was done on 10 and 11 Oct (red arrows) – suggested waiting for a successful rebound around $21.50 before plotting entry if believe the stock can create new all-time highs
- Since then, the stock has successfully rebounded and has created a new all-time high
- Stock is currently too far from the short-term support
- Another retracement to the short-term support and a successful rebound would be good for the continued uptrend of the stock
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound
IMD @ 17 NOV 2021Text me if you have any questions/comments for me.
-----
IMD
- Previous analysis was done on 9 Nov (red arrow) -> suggested waiting for a successful rebound at 2.90 before plotting entry if believe the stock can create new all-time highs
- Since then, the stock has rebounded and created a new all-time high on 15 Nov
- Today, stock has retraced back to the short-term support and a good rebound looks to be at 2.90 levels again
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if believe the stock can create new all-time highs
CBA @ 17 NOV 2021Text me if you have any questions/comments for me.
-----
CBA
- Previous video analysis was done on 13 Oct (red arrow) – suggested waiting for a successful rebound above $109 before plotting entry
- Today, the stock gapped down below the short- and mid-term supports
- It closed below the strong psychological support of $100
- Coincidentally, today is the 4th time the stock has gapped down back towards the $100 level -> I personally don’t think this is significant. Just that it’s curious coincidence
- A successful rebound look to be around $104 levels
- Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs