Trading plan and review of Key Levels for major marketsReview 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 havens exited.
The general trend for major Indexes remains down with the USD, Inflation and Interest Rate Rises in focus.
BITCOIN and ETHEREUM remained around lows as buyers remained on the sidelines unwilling to again follow share markets higher. Expect that if share Indexes again turn south, cryptos may take another hit.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
Asx200
Trading plan and review of Key Levels for major marketsReview 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 in focus.
BITCOIN and ETHEREUM took a beating as BTC spiked below $30k to take out some stops. Crypto enthusiasts will be hoping to see BTC back above the $30K area to fend off more selling pressure.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
ASX200 support remains from 6910Hi all, this morning, it's hard not to notice 6910 support on the ASX200 daily chart. Sellers once again breached the level but have again been unable to hold the break with buying developing in today's cash session.
We see this level as key support as it has held firm since April 2021. Green circles show the amount of times sellers have been unable to break the level since April. Interestingly, we've seen four moves higher after a level test. Today's idea is not a buy or a sell, it's more of a heads up.
We will be watching this level to see if any further ideas develop.
Trading plan and review of Key Levels for major marketsReview of the key levels in the major markets as the US continues to edge lower. CPI release spooked the market and saw the DOW futures dump 500 points ahead of the stock market open. Prices did bounce back into the open...in a strange sign of strength...before dumping again into the close. This created a fear based market as traders focus on inflation and a more aggressive US Fed on interest rate rises. USD re-adjusted higher and FX crosses (with the USD) moved lower.
BITCOIN, ETHEREUM and crypto holders may come under margin pressure if the BTC and ETH rout continues. BTC needs to push back above the $30K zone to gather some confidence.
Key theme is around the USD and whether it continues higher above 104 (USD Index) or we see some dollar weakness creep in. Expecting that many traders were caught off guard and will reposition higher.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
Where to from here...US markets take a hit...levels to watchUS markets meltdown Friday and pressure Asian and European Indexes lower. I talk through the major US indexes and others in Europe and Asian, highlighting the key levels to watch and the overall trend and bias of the action.
Focus on : -
US - DOW, SP500 and Nasdaq
Europe - DAX and FTSE
Asia - ASX200, Hang Seng and Nikkei
FX - USD, EURUSD, AUDUSD, GBPUSD and USDJPY
GOLD
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Major Indexes are resilient but may be due to selloffThe world is focused on the US indexes which have recently broken down out of the uptrend. The question is now whether there is more downside to come which could turn into a major selloff after such a big Fed Fueled pandemic rally. I take a look at the price action and major levels of the Key Indexes.
In the US - DOW, SP500 and Nasdaq
Europe - DAX, FTSE and Eurostoxx
ASIA - ASX200, Hang Seng and Nikkei
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$LPI- Verge of Breakout - UptrendingLPI looks good on daily, weekly and monthly. LPI's lithium peers have gone considerably over $1.
PLS - possible bull runHighlights
Regular deep pullbacks and recover to ATH
Consistency in number of days to reclaim ATH and extension to new ATH.
Broken downward trend line. Under the support of lower pivot trend line. Also broken last resistance derived from double hidden divergence.
Lastly, clear double bottom and broken neck line.
$AVZ- Potential Breakout of All Time HighAVZ looks very promising to break out on Monday, MACD and RSI Cross. Also closed above 20 SMA
comparison of ASX clothing/fashion retail stocks.BST BEST & LESS GROUP
Market Cap $378.6M
PE 9.65
AX1 ACCENT GROUP ( Dr. Martens, Skechers, and Timberland.)
Market Cap $888.7M
PE 18.37
CCX CITY CHIC COLLECTIVE (plus sized women’s clothing, 'the Avenue' + 'Evans')
Market Cap $735.2M
PE 24.2
GLB GLOBE INTERNATIONAL
(street fashion, skating equipment, outdoor clothing, and workwear, brands = 'Globe', 'Salty Crew', 'Stüssy)
Market Cap $205.7M
PE 6.18
PMV Premier Investments
(owns the Just Group, which includes the Just Jeans, Peter Alexander, and Jay Jays brands)
28% stake in Breville Group
Market Cap $4.396B
PE 17.9
XJO = ASX 200.
AUS200 : FUNDAMENTAL ANALYSIS + LONG FORECAST | LONG SETUPAustralia stocks were higher after the close on Thursday, as gains in the IT, Consumer Discretionary and Financials sectors led shares higher.
At the close in Sydney, the S&P/ASX 200 rose 1.10%.
The best performers of the session on the S&P/ASX 200 were Flight Centre Ltd (ASX:FLT), which rose 6.61% or 1.17 points to trade at 18.87 at the close. Meanwhile, Webjet Ltd (ASX:WEB) added 5.83% or 0.31 points to end at 5.63 and Qantas Airways Ltd (ASX:QAN) was up 5.79% or 0.27 points to 4.93 in late trade.
The worst performers of the session were Nickel Mines Ltd (ASX:NIC), which fell 13.17% or 0.19 points to trade at 1.22 at the close. Rio Tinto Ltd (ASX:RIO) declined 7.73% or 9.27 points to end at 110.61 and Beach Energy Ltd (ASX:BPT) was down 5.90% or 0.10 points to 1.60.
Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 857 to 547 and 380 ended unchanged.
The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 1.91% to 17.12.
Gold Futures for April delivery was down 0.14% or 2.70 to $1,985.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 2.37% or 2.58 to hit $111.28 a barrel, while the May Brent oil contract rose 3.51% or 3.90 to trade at $115.04 a barrel.
US Indexes had a late burst higher to end in the greenMorning Jumpstart Macro View and US market recap 1-02-22
The US had a late session burst higher that dragged the major Indexes into green territory ahead of key US employment data Friday. The USD continues to grind lower while Gold was range bound. Copper had a strong session while Oil continues to hold recent gains setting for another push higher.
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
Bargain hunters go shopping into tech and support US IndexesMorning Jumpstart Macro View and US market recap 31-01-22
US ended the week with a bang as bargain hunters went shopping to support the broader US market. Tech was again the favoured stocks which lifted the SP500 while the DOW lagged the enthusiasm. There may be some end of month window dressing on the cards also which may have provided some support.
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
ASX 200 daily chart forecast
The Index shows a similar trend as the US major Indices, pointing to a reversal after the recent sell-off, but there are major points to watch.
Major support around 6895, 6860, 6804, 6747, 6712
Resistance at 6952, 7044.
The Index needs to remain above 6804 to confirm a reversal to the upside.
The charts' estimates are automated through a system that predicts critical levels of future price movements.
ETF:STW ASX200 key levels and trend lines analysis ASX:STW
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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
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!!