Get started

Coronavirus (COVID-19)

SINGAPORE & INDONESIA COVID-19 WavesWas in a number of private discussions over this week, and noted that there appears to be some dynamics in motion currently. Quick note that the Singapore 6th COVID wave is pretty turned over, according to the data provided publicly. It was a smaller wave compared to previously, as expected. However, the neighbouring Indonesia is currently in the midst of a wave and by similar projections (if relevant), the wave should peak out over the next two weeks ending November. Just an observation to share... PS. Apologies, I don't know why the chart looks so messy... it published differently, pre-cleaning up. Just look at the MACD curves and about 78% of the previous wave (MACD) as the target point for Indonesia wave to peak out.
C
by Auguraltrader
Oil move pending China's directionBrent Crude Oil price is expected to consolidate between 93 to 100, with the main catalyst being China's Covid Policy. There were on-and-off hopes of China's reopening. However, we are still very much on the fence given the continued strict Covid measures in China. On the other hand, China did announce an easing of the measures, reducing the quarantine time. Another positive news is that the NHC is planning to accelerate vaccinations, which is crucial before further easing on their zero COVID policy. We don't know how long that will take, or when it will be in effect. Buys on support above 93 and sells on resistance at 100, until we have a clear path on China's reopening. Overall, looking more for buys given the pretty much firm demand in oil. Keep an eye out for OPEC oil report on Monday, 14 Nov 2022.
OANDA:BCOUSDLong
by geneAnalytics
GBPNZD GAINS AS NZD DECLINESAs China reaffirmed its commitment to its zero-corona strategy, dashed hopes for an economic revival that may increase global demand, the New Zealand currency declined below $0.59, erasing gains after a robust surge. China has said that it will continue to impose restrictions in the interim. Naturally, that raises the possibility of a possible adjustment as markets progressively reopen this week. As a result, everything is "volatile, reactive, and globally fluid. Officials from the Reserve Bank of New Zealand stated that, despite warning of potential downside risks to the global economy, the country's high inflation and tight labor market call for a cooling of demand. The Reserve Bank of New Zealand increased interest rates by half a percentage point in October, but markets now expect a greater increase of 75 basis points in November.
Long
by TradeyMarkets
$MIRM september accumulation 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Mirum Pharmaceuticals announced a shelf offering of $10 million today. This created an excellent buying opportunity which we used as our first entry. My team will be using the rest of September to build our position. We are expecting a bullish run before the end of the year, but if one happens sooner, we will of course act in our favor and do what we think is best. Entry: $22.80 Take Profit: Somewhere above $32 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:MIRMLong
by SimplyShowMeTheMoney
SINGAPORE COVID-19 Wave 6I do not know the robustness of the data collected, as it differs greatly in different places. But with just a quick comparison: Singapore relaxed mask measures on 29 August, and from early September, there was already an uptick and the MACD histograms pointed out to late September crossover. Indeed, on 30 September, CNA reported a 40% week on week increase in COVID-19 cases. This wave/spike appears to be much less steep than the previous in June 2022. Nonetheless, with the F1 weekend happening, we might get a continuation of the spike for the month of October into November... a smaller but longer wave. Demonstrates yet again that the MACD histograms have an edge in projecting the time line to a spike in cases. IF only the people know about such a simple and yet effective tool. In the same comparison, the UK appears to have tapered down after a recent spike. However, noted that the daily numbers are actually weekly numbers. Demonstrates the robustness of data for reliability. Indonesia looks to be tapering off too, but Malaysia appears to be looking at a crossover by mid-October for a wave, albeit a smaller wave. Really, IF anyone still cares enough...
C
by Auguraltrader
$ACH china aluminum 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Entry: $9.62 Take Profit: $13 (+35%) Stop Loss: $8.98 (-6.6%) *Stop loss is automatic* If you want to see more, please like and follow us @SimplyShowMeTheMoney
ALong
by SimplyShowMeTheMoney
4
Oil Attempts a ReboundOil bottomed out at 81.30, as expected. Oil prices are generally trending downward off recession fears and china coronavirus lock downs . We are seeing a small pivot off lower levels and an attempt to regain 85.55, which should provide strong resistance as it was a low tested several times earlier last week. We are starting to see strong resistance as we approach this level. If we break through we could make a run for the $90's. If we retrace, then $81.30 should provide support again.
NYMEX:CL1!Short
by quantguy
Blood in every street! Stocks, Bonds, BTC, EEM, Oil, Gold, Comm Simultaneous 2W Red Bars for all the above*. SPY is in pink so it stands out (by popular request). This is relatively rare p= 0.028: 11 out of 387 bars since GFC The chart shows the 11 periods with a yellow vertical line. Each asset is shown independently (upper left) as well as a horde (bottom) Since the choice of ETF's was neither complete nor systematic, the table (top right) shows the 25 largest ETF's (out of the 1167 in the list) as measured by 21day $Volume (shown in rightmost column)*. Middle columns show the ETF's return over 1 day (using todays close 9/6/22) and over 5 days. Lot's of Red. Hope that's useful, Trade Safe. Analysis: When the smoke clears and there is time for analysis: What happens after the 11 cases? Qualitatively, my impression is that volatility (range) stayed high while momentum frequently changed direction (more then I expected) Also for follow up: when do we (irrationally) expect reversal vs continuation? Positive and negative recency has been studied extensively as the "Gamblers Fallacy" and the "hot hand". *Notes: Stocks: $SPY Bonds: $TLT Oil: $USO Commodities: $DBC Emerging Markets: $EEM Gold: $GLD BTC: $BITO IS 2W red as well but is also a new ETF so was omitted from the count. Currency (DXY) appears independently at bottom. **Table found on etscreen.com on 9/6/22 (link appears under the table). Its purpose is educational only as specified in "Fair use" section 107 of the U.S. Copyright Act.
AMEX:SPY
by gb50k
2
RUT- Russell 2000 Mid Caps GOOD DAYS AHEADThe RUT ETF crashed with the COVID market phenomenon but then recovered better and faster than the SPY in 116 % of price appreciation in less than the one year that followed. Since then RUT retraced about 1/2 of that uptrend. Presently on the weekly chart, the price is relatively stable. The RSI bottomed out in the oversold territory and is now in mid-range with RSI above its Ichimoku cloud. All of this is positive or at least not the overly negative of doom and gloom. I believe that it will soon be time to begin a dollar cost averaging into some long-term call options on RUT as things are not as bad as the media, banks and large institutional players want to portray to retail traders and investors.
TVC:RUTLong
by AwesomeAvani
2
Yen steady as GDP within expectationsThe Japanese yen has started the week quietly. In the European session, USD/JPY is trading at 133.29, down 0.14%. This follows a positive week for the yen, in which USD/JPY declined by 1.15%. Japan's GDP for the second quarter rose 0.5%. The reading was a notch below the forecast of 0.6%, and the yen showed little interest. Domestic consumption, which makes up some 60% of Japan's GDP, rose by 1.1%, reflective of pent-up demand after Covid restrictions were lifted in March. As well, exports increased by 0.9%, in Q2, certainly good news as the global economic outlook remains gloomy. On an annualized basis, GDP rose 2.2%, shy of the estimate of 2.6%. Still, the reading indicated that Japan's economy has returned to its pre-Covid size, although the recovery has lagged behind other major industrial countries. What does the GDP reading mean for the Bank of Japan? In all likelihood, not very much. Inflation has risen slightly above the BoJ's 2% target, but is low compared to other major economies, which are grappling with red-hot inflation and have embarked on an aggressive rate-tightening cycle. Prices have been rising more quickly than wages, meaning that real wage growth has been on the decline. As well, inflation has largely been driven by high commodity prices, which may not be a long-term trend. Until there are signs that inflationary pressures are broadly based, the BoJ will do little more than tweak its policy. For the BoJ, the primary focus is not inflation, as is the case with the Fed and the BoE, but rather the need to support the economy. This means "business as usual" for the BoJ until it is convinced that inflation is sustainable. 133.60 is a weak resistance line, followed by 1.3504 There is support at 131.62 and 130.70
by OANDA
Euro - Dollar pair after ECB session ... not so good newsThe ECB meeting has marked a rise in interest rates of 0.5 points. This has caused the EURO-DOLAR pair to rise to 1.0227. Although it will make the EURO stronger, there is economic uncertainty and complexity of the current European situation very difficult for it. In addition to no measurable productivity gains in recent times, the Italian community owes more than 700bn Euros to the ECB, and the ECB still has to provide 200bn for the Covid recovery fund. The current government of Italy will soon go into elections, whose polls show a rise and possible election of the right-wing side. This same side has policies against the EURO and the Eurozone. This makes the ECB's ability to act very limited, since Italy's exit from the EU could cause the bankruptcy of the ECB and the Bundesbank. Our perspective for the EURO-DOLAR pair is bearish.
Short
by jumper_stars_trading
Aussie edges up after strong US retail salesThe week wrapped up on a high note, as June US retail sales beat expectations. The headline and core readings both accelerated in June, with solid gains of 1.0%. This indicates that US consumers are still spending despite the toll that higher inflation and higher rates are taking on disposable income. The strong retail sales report will raise expectations that the Fed will be content to raise rates "only" by 0.75%, rather than a full 1.00% at the next meeting. When the markets have a chance to digest the numbers on Monday, risk appetite will likely rise, which could push the US dollar lower. China's economy slowed down in the second quarter, which is no real surprise given the Covid-zero policy which resulted in mass lockdowns. The economy posted a small gain of 0.4% YoY, missing the estimate of 1.0% (4.8% prior). On an annualized basis, GDP contracted by 2.6%, worse than the forecast of -1.5% (+1.4% prior). These weak numbers were offset by a strong bounce in retail sales, which jumped 3.10% in June, crushing the estimate of -0.3% (-6.7% prior). If China can avoid further lockdowns in key cities such as Shanghai, we can expect GDP to rebound in Q3. The health of China's economy is critical for Australia, as China is its biggest trading partner. An excellent employment report earlier this week on Thursday has raised concerns that the RBA may need to accelerate its rate-tightening cycle and consider larger rate increases. The economy gained 88.8 thousand new jobs, blowing the estimate of 30.0 thousand out of the water. As well, the unemployment rate fell to 3.5%, down from 3.9% and below the 3.8% estimate. The RBA has been raising rates aggressively, but even so, the cash rate is still at a low 1.35%, and clearly the RBA will have to hike sharply to make a dent in inflation, which is running at 5.1%. We'll get a look at CPI for the second quarter at the end of July. AUD/USD is putting pressure on resistance at 0.6782. Next, there is resistance at 0.6839 There is support at 0.6706 and 0.6649
by OANDA
$AERC air space filtration! 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management My team entered interior air space purification company Aeroclean Technologies $AERC on 7/5/22 at $12.40 per share. This wasn't intended to be a Trading view trade, but this play is developing smoothly, and we figured we would just show you guys what we're up to. OUR ENTRY: $12.40 FIRST TAKE PROFIT: $18 STOP LOSS: $11 If you want to see more, please like and follow us @SimplyShowMeTheMoney
ALong
by SimplyShowMeTheMoney
Novavax - Wassup?Novavax NVAX is actually lining up pretty well... from about 240, it tanked to 40, and on Friday, it gained 11% to close the week at 57.15. This caught my attention as it cleanly broke out of trendlines, breaking out also from a bearish divergence, on BOTH the weekly and daily chart. IMHO, it appears to be in technical and fractal alignment. Weekly chart bounced off a major support two weeks ago, and the last week continued the previous week's bullish end. On the daily chart, Friday's close was the highest daily close in about 5 weeks. with a strong candle closing draws obvious bullish attention. Target 80, then 125. Support at 53 and 50.
NASDAQ:NVAXLong
by Auguraltrader
3