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D-DJI

GENERAL MARKET INDICES REACT POSITIVLY TO FOMCFOMC DAY All Major Market Indices initially making progress higher and reacting positively to the the FOMC meeting. Whilst these are monthly charts I'm sharing the prices are updated as of moments ago. Main comments from Powell Today: 🔸TODAY AT FED MEETING MANY PEOPLE MENTIONED THEIR RATE FORECASTS 🔸THERE WAS A GENERAL EXPECTATION THAT RATE CUTS WILL BE A TOPIC OF CONVERSATION GOING FORWARD 🔸LITTLE BASIS FOR THINKING ECONOMY IN RECESSION NOW 🔸ALWAYS A PROBABILITY THERE IS A RECESSION IN NEXT YEAR The Charts What originally looked like a series of double tops now appear to be showing significant strength. The top 3 charts have a habit of letting us know where the market is going. At present that appears to be higher albeit the Dow Transportation Index is still lagging a little (Chart 1) and technically one would think this would be leading all others. We should still be on watch for a throw over double top, but for now we have nothing to suggest this is the case. If these markets can make support on the red line this could be good solid confirmation signal of price moving higher for longer 😉 Stay Nimble and congrats if your in the green PUKA PUKA
TVC:RUALong
by PukaCharts
DOW JONES Does this rally still surprise you?Two months ago (October 11) we made a bold statement calling for "the start of a new Bull rally under our nose" on Dow Jones (DJI) (see chart below): Many traders/ investors/ market participants have been surprised by the current November - December rally but in reality they shouldn't as the index is methodically repeating the 2016 - 2017 Rising Wedge pattern, as we've shown on that analysis. We are now at the level where the price is breaking above that pattern (blue circle), which comes after the 1W RSI makes a fake-out break breach below the Higher Lows and then rebounds. On the current analysis we expand the chart more, in order to show you that the very same Rising Wedge also emerged from May 2011 to December 2012. We are therefore on a +10 year cyclical pattern which the all three Wedges not only displaying identical break-outs/ fake-outs but also similar duration. The 2011/12 pattern peaked on the 2.618 Fibonacci extension, the 2015/16 a little higher on the 3.0 Fib ext. We can assume that this progression could give a new top on a higher Fib, but if we take the worst case scenario of the model (2.618 Fib), we can expect a High around 42900. Check out also how the Sine Waves grasp fairly accurately the cyclical movement on those bottoms and peaks during these past +10 years. Another important observation is that after the index broke above the Rising Wedge in 2016, it didn't offer any significant dips to buy. Rare buy entry opportunities existed only on the middle trend-line (orange) of the Bollinger Bands. The 2013 break-out gave significantly more dips buy opportunities, 7 in total all marginally below the Bollinger middle, before the 2.618 Fibonacci peak. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
DOW JONES Channel Up still holding, aiming at All Time Highs.Dow Jones (DJI) maintains its bullish trade within the Channel Up pattern that started on the October 27 Low. The 4H MA50 (blue trend-line) has been supporting since November 01 and as long as it continues to do so, the index is more likely to test the 36975 All Time High (Jan 05 2022). Especially since it is currently on a 4H MACD Bullish Cross. The previous two MACD Bullish Crosses have delivered rises of around +2.70% to the top of the Channel Up. Another +2.70% rise will send the price above 37000 and that is our target. If however the index closes below the 4H MA50, we will take the long's loss and reverse to a short immediately, targeting the bottom of the Channel Up. If the price closes below it, we will re-sell and target Support 1 at 35300, where potentially contact with the 4H MA200 (orange trend-line) can be made for the first time since November 02. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
US Economy Has Entered A Potential Parabolic Phase End I think this is the most important macro trend to pay attention to in our economic history, I see many 1930 comparisons with 2023 saying we are at the "1931" collapse point but all economic data is pointing that we are most likely at the 1927-1928 stage and crazy enough when you compare the macro trends they make the same giant symmetrical wedge pattern. Now I'm going to share some archives of The New York Times from the same period to see where the mentality is. -------- November 17, 1927 "98 and interest, to yield about 5.75%" "temporary bonds" -------- October 30, 1928 "London Paper Predicts Crash on Change There It Speculation Goes On. LONDON, Oct. 29.—Speculative activity on the London Stock Exchange which sent prices of certain shares of doubtful value bounding upward, led the Daily Express to issue a solemn warning that a crash was certain to come unless the stock-gambling mania ceased." -------- November 3, 1929 "SEES WALL ST. REACTION. Stock Decline Will Aid Real Estate, Says Mandelbaum." -------- November 25, 1929 "ASKS STATE INQUIRY ON STOCK RECESSION Senator Hastings Wants the Governor to Name Committee of Business Leaders. MENTIONS SHORT SELLING But Finds Law Passed to Prevent It Failed of its Purpose and Was Repealed in 1857. Sees Short Selling a Factor Doubt As to Remedy." -------- Here we are again different stages, different cycles. But the main difference is our system bailed out our crashes since 2001 starting with interest rate cuts, we can clearly see the ups and downs are more violent when the FRED intervenes in the market. Do I suspect we get a giant crash in a few years? unlikely the FRED will not debase / change the rules but stopping a new parabolic run up is much harder to stop. They printed too much currency in 2020 now that inflation is halted via the fastest rate cycle in history where is all this capital going to flow into? correct equities and crypto. Best to remember the 1929 quote of the thought of "Banning Short Selling" my guess is IF this starts to turn into a parabolic secular cycle ending the FRED will start to control the markets and limit ability to sell / short sell or QE / YCC the market during the final stage. We will know if this is repeating if the wedge breaks out from now to early 2024.
SP:SPX
by FederalXBT
DOW JONES Next stop 37000Dow Jones held the MA50 (4h) today after the initial NFP decline. This keeps the Channel Up intact on its upper layers, aiming for a new Higher High. Trading Plan: 1. Buy as long as the MA50 (4h) holds. 2. Sell if it breaks. Targets: 1. 37000 (Fibonacci 1.78 extension, like the Nov 15th Higher High). 2. 35700 (bottom of Channel Up). Tips: 1. The RSI (4h) rebounded exactly on the level (Support 1) the Nov 9th did. The two legs are so far very symmetrical and promt to the extension of the Channel Up. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Long
by TradingBrokersView
Profitable InflationEvery chart describes a story. Inflation can be tracked using producer-prices and consumer-prices. Equities are affected by consumer inflation, while commodities by producer inflation. Many of the worlds largest companies are selling services, not commodities. The ratio of the two on the chart above, shows that long-term production cost of commodities is gradually reducing. It also shows periods when production inflation is much more pronounced than consumer one. There is an inherent lag between producers and consumers. First producers take a short the beating... ...then consumers feel the pain. An eye for an eye. Investors have limited options. There is energy to invest in, commodities, crypto, bonds, equities and money markets. There are probably many more options, but these are some of the most well-known ones. The method to invest in them may be via a mutual fund or a direct investment. Let's rate these investment options for their viability. Gold has proven problematic time and time again. How high can Gold even get for demand to sustain? With production cost increasing, an investment in Gold becomes a dilemma. Approximate Gold profits, described by the Gold/PPIACO ratio, seems like a hard win. Crude Oil on the other hand may need some time before it shows its true strength. On the Crypto world, the big boy Bitcoin may dominate. Crypto also seems to progress against Bonds. Bitcoin has survived excellently the rate-hike schedule, keeping it afloat against Bonds. Similarly in the Equity world, the big guys may overperform. The Industrial part of DOW seems like it will show strength against the others. For an investor, few are the viable choices. Bonds don't go well with increasing rates. Gold fails proving as an inflation hedge. Instead, crypto shapes into an equity pillow. Source: @SpyMasterTrades When equities underperform, Bitcoin stays put. Once again, we have reached the same conclusion. The equity market is forced to grow. This chart is a perspective on how (SPX vs Inflation = actual profits) may overperform (Gold vs Commodity Production Cost = actual profits). This shows that equity-profits-after-inflation may be more than any other type of investment. Equities may in fact completely ignore inflation for some years to come. Many of my charts, like this one, have taken me back to 1994, in the pre-.com bubble world. A massive equity bubble may be brewing as we speak. Nothing else besides equities is viable as an option now. Except perhaps money markets. The massive forgotten one. Dollar. Money strength has been low for too long. Perhaps the dollar hasn't spoken its last word. This proves once again that crypto may remain strong. Crypto is currency after all. Tread lightly, for this is hallowed ground. -Father Grigori
SP:SPX
by akikostas
Dow Jones ETF (DIA) ~ December 4H SwingAMEX:DIA chart anaylsis/mapping. DIA ETF on relative strength compared to recent SPY/QQQ performance, indicating potential market rotation. Trading scenarios: Continuation rally #1 = top range of Fib. Shallow pullback #1 = ascending trend-line (white) / ascending trend-line (green dashed) / gap fill confluence zone. Shallow pullback #2 = gap fills / descending trend-line (light blue) / 78.6% Fib confluence zone. Deeper pullback #1 = Golden Pocket Fib / 200MA confluence zone. Capitulation #1 = 50% Fib / ascending trend-line (light blue). Capitulation #2 = gap fills / 38.2% Fib confluence zone. Capitulation #3 = gap fills / 23.6% Fib confluence zone.
AMEX:DIA
by BlueHatInvestor
General Major Market Indices - An Overview of the MarketGeneral Major Market Indices These six market indices give a very good snapshot of where we are in this difficult to discern market and why uncertainty still lingers as we continue to climb a wall of worry. The Chart ▫️ Every index 1 - 6 below has been rejected or is struggling to make new highs on the weekly timeframe. ▫️ At the same time each chart appears to be finding support on the 200 day moving average (40 week moving average). You could argue that ascending triangles are forming, in which scenario we would await a confirmation breakout above the upper resistance line. ▫️ Charts 1 – 3 appear to be leading charts 4 – 6 - You can see that the DJ:DJT , TVC:DJI and TVC:XMI charts (Charts 1 – 3) have all attempted to break above the overhead resistance and have been rejected or are struggling to break through. - Conversely the CBOE:SPX , NASDAQ:NDX and TVC:RUA charts (Charts 4 – 6) have made lower highs and have not yet reached up and even tested the overhead resistance... For this reason these charts are showing relative weakness. ▫️ In prior Macro Mondays it was made very clear that Charts 1 – 3 can provide advance warning of recession and or bear market declines ahead of charts such as 4 – 6. Charts 4 - 6 are showing relative weakness and appear to be lagging charts 1 - 3, for this reason revisiting this snapshot would be beneficial to see can we get a lead on the S&P500, Nasdaq and US Small Caps. This in turn could give us a lead on the entire market. ▫️ At present we are above the 200 day moving average on every chart and the 200 day moving average is sloping upwards ✅ - This is positive and would reinforce an ascending triangle thesis however at this stage, looking at all the charts a definitive break above the overhead resistance line would be a preferred entry with stop losses placed under that resistance line thats been broken. - A revisit of the 200 day moving average could also be another entry consideration, simply because again you have stop placed under the 200 moving average, defined entries with defined stops under them. In summary, charts 1 – 3 can act as leading indicators of where price will go next in the general market. Charts 4 – 6 are showing relative weakness, potentially making lower highs however this could change in coming weeks as a strong green candle is challenging the recent highs. Ideally we want to see a definitive break above the overhead resistance levels and we would rather not see further overhead rejections or a breach below the 200 day moving average. The beauty of Trading View is that you can revisit this exact chart on my page, press play and see if we have we broken through the resistance lines or fallen below the 200 day moving average, all at a glance. Be sure to make use of it to save you the time and effort of reviewing every chart. You can get a the jist of these major indices all with a glance. Regardless I will do my best to update you here on X. If you like these broader analysis covering multiple stocks in particular index's or in particular sectors, please let me know. What are the components of each index? - This is for those of you who are unsure what each index is made up of and what they represent. 1. Dow Jones Transportation Index - DJ:DJT - The Dow Jones Transportation Average (DJT) is a price-weighted average of 20 key transportation stocks traded in the United States. - The transportation sector acts as a leading indicator as it is further up the value chain ahead of the final products being sold by companies in Dow Jones Industrial Average $DJI. For this reason, in some circumstances we can use the DJT as a helpful leading indicator for the direction of the economy 2. Dow Jones Industrial Index – SDJI - The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity indexes 3. Arca Major Markets Index - TVC:XMI - The XMI is an overlooked chart often utilized by OG traders has been referenced by Sentiment Trader as a leading market index. XMI is a price weighted index consisting of 20 blue chip U.S Industrial Stocks, 17 of which are also in the Dow Jones Industrial Average. Within the index there is surprising blend of stocks that include transport, travel, food, pharma, energy and technology. 4. S&P 500 - CBOE:SPX - The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices. 5. NASDAQ 100 - NASDAQ:NDX - The technology index, the Nasdaq-100 is a market index made up of 101 equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted index and includes the likes of NVIDIA and the MAANG stocks (Meta, Amazon, Apple, Netflix and Google) 6. US SMALL CAP 3000 - TVC:RUA - Small-cap stocks are defined as having a market capitalization between $300 million and $2 Billion. Examples would be Upstart and Victoria's Secret. Thanks guys PUKA
SP:SPX
by PukaCharts
2
DOW JONES showing a Bearish Divergence. Expect correction soon.Dow Jones is extending the rally since the October 27th bottom, which was a HL of the dominant Channel Up pattern. The 1D technical outlook is overbought (RSI = 71.474, MACD = 390.490, ADX = 67.776) but the difference maker on the technical field is the CCI metric. Being also overbought over 100.00, it is showing a Bearish Divergence, which was present on the last three short term corrections since the March 15th Channel Up HL. Common characteristic on all three was that the High was formed halfway through the CCI Bearish Divergence and the correction that followed always hit the 1D MA50. Consequently, we expect a correction to start as soon as next week, that will target the 1D MA50, before the Christmas rally begins. Currently the estimated pullback target is at 34,450. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Short
by InvestingScope
1
The Golden Elephant-- Prologue -- Crises don't come when everybody expects them to. I have said this over and over again, for the last year I've been in this platform. I don't take it back. Finding out the kind of crisis that will come, the time and the severity, is hard. Trading, investing, living, is hard... Some have called me schizophrenic. This is funny. When you say what they want to hear, you are a genius. When science presents something we aren't used to, we take it as impossible. In my last few ideas, I received the "kindest" comments of all. How is it possible... when a chart shows weakness on equities and strength on commodities, it is loved. How is it possible... when a chart shows weakness on gold and strength on dollar, it is hated. In my bio I warned you. You will have to deal with my presence for much, much longer. So here I am again. In front of your face. -- Analysis -- Price discounts everything. The magic of the fractal nature of the stock market satisfies me every time. Chart patterns like flags, wedges, channels, triangles, rectangles, rounded tops, appear everywhere. Some of them have greater strength than others. But each one of them has it's meaning and importance. To get the elephant out of the room, let's look at the historical Gold chart. Do note that this chart measures: How much one ounce of Gold is worth in dollars? In a sense, how precious is a piece of colorful paper compared to a piece of yellow metal? After decades of QE, Gold has trapped itself inside a MASSIVE wedge, that engulfs it's entire lifespan (inside stock market). What is the outcome of such a trap? Usually down. Fractals at their best!!! If one believes in the Dollar Milkshake, they must not believe that Gold/USD will explode. And with Bull-Flagging dynamics in the scarcity of Dollar, what will the outcome be? -- Thought Experiment -- IF a food crisis comes, and you have invested in gold, what would you do? - Find a food market that accepts gold, and purchase food with gold. - Find a gold market and sell gold for dollars, and purchase food everywhere with dollars. Even if you buy stuff with gold coins, the receiver of the coin will go out and exchange it for dollars to pay out their business responsibilities. In both scenarios, gold is taken out of the picture, exchanged for dollars. Either we like it or not, by default we give more value to money because we use it as money. We don't use gold as money. -- Conclusion -- There are two ways price increases. Scarcity and demand. Gold is scarce but who demands it and for what? Dollar is plentiful and everyone uses it. And now, it gets less and less plentiful. Tread lightly, for this is hallowed ground. -Father Grigori -- Extra Charts -- Commodities like oil could very well overperform equities. I don't advice for or against any investment. I am not an investor. Trade at your own risk. If one believes in the Dollar Milkshake, then they should invest either in dollars, or in dollar-denominated investments. Question is: What could these investments be, and how will they perform? For more information, I have linked below my two hated ideas.
Editors' picks
TVC:DXY
by akikostas
95
The Mute SpeakerPrices never lie. Price is everything. Time however always lies. That's "Theory of Relativity 101". Time stretches and narrows based on boredom, psychology, speed. By taking time out of the equation we transform a news piece into a literature book. Timeless charts are the past, the present and the future. They don't expire. Unlike candles with specific expiration date. Linebreak charts are a portal into the Minecraft world. They serve an important purpose. To dictate/confirm price trends/movements. To see these charts, you must imagine them. We live inside a fake time dimension. We cannot escape it, just like pacmac cannot escape its 2D world. The only thing we can do is image an eternal time. Imagine a future of expensive oil. Imagine an eternal oligarchy of the Big Coin ... ... and the Big Brands. The few (DJI) shall beat the many (SPX). China has become a parasite on its territories. Let us welcome the US Industrial Revolution ... ... and the rebirth of the Japanese economy Imagine all the people. Tread lightly, for this is blocky ground. -Father Stevegory.
AMEX:XLK
by akikostas
BTC | Let NDQ Go Bust!Bitcooooooins... UP! In the recent history, we have had two perma-bull trade-ables, NDQ and Bitcoin. No-one in their real mind would dare to short these 2 years ago... So what if, we could compare these two bulls? Who will survive in the years to come? Who is the record keeper? The answer is NOT as simple as it might seem. Read until the end to find out... 2022 will be marked as the worst year "ever" for equities (except The Great Depression of course). Money got much more precious last year compared to equities. Just by having money, you got "richer" last year. So compared to money, equities did get worse. Items like Bitcoin suffered even worse. A 73% drop compared to SPX is a monumental way to break the crypto mania. Bitcoin has been an over-leveraged, perma-bull trade-able item. I don't know if it is a currency, a commodity or something else, so I call it a simple item. The majority of Bitcoin's gains were thanks to derivatives (trading). The same happens in Equities, but not to such an extent. NDQ is another perma-bull market full of stocks like AAPL and TSLA (everyones' favorites for some reason) Bitcoin is on a whole new level of rapidness... However, there is an exponential cousin to NDQ. That is SQQQ. So how does it compare to NDQ? Since SQQQ is basically 1/QQQ, we will plot the QQQ*SQQQ chart to see the outcome. This reminds me of the diminishing nature BTC_ADDRESSES showed. We can raise SQQQ to the 0.2 exponent to bring it down to reality. SQQQ is moving at the 5th exponent of QQQ. Incredible speeds really... So how do these two lightnings (1/SQQQ and Bitcoin) compare?? I told you that the answer is not straight-forward. And some short technical analysis: This chart above describes the popular over-leveraged period when everyone traded Bitcoin. There is a longer-term ticker showing the entire history of Bitoin ( INDEX:BTCUSD ) It shows us yet another perspective: If these charts are true and breakout as intended, what could this mean for equities? Just how big of a bubble are equities in? Tread lightly, for this is hallowed ground. -Father Grigori PS. The popular knowledge is not the truth, it is just a famous lie.
Editors' picks
INDEX:BTCUSD
by akikostas
43
Top of the world... again.The scale of what is happening cannot be understated. Massive amounts of money have been printed, then burned immediately. It is as if the FED is trolling us... Or we are being trolled by our own minds. Equities reflect the mental state of investors, big and small alike. The dilemma is causing headaches, it has reached a paradoxical state. No human, not even ChatGPT can solve paradoxes, it is not suicidal. This chart is one attempt into clearing the picture. This exotic chart attempts to calculate the price of equities based on the current state of yield curve inversion. It can help calculate the "absolute" strength of indices like IXIC. Similar calculations can be made using the DXY*IXIC/100 formula. It has reached with incredible accuracy the 1.272 retracement, as shown in the main chart. In short, the higher this chart goes, the better the QE Machine performs. The Yield Curve is now showing a clear warning signal. I have been watching closely the price action, now it is more certain than ever that the yield curve may correct sooner than later. A correction of the yield curve has usually led to severe recessions. After all of this analysis, still no conclusion about equities... Occam's razor could be the solution. Clear and simple analysis gives the best results. --- 1. Simple Price Patterns. Sometimes, the simplest answer is the correct one. --- 2. Classic Dow Theory. It dictates that the weakness of the few may lead to the weakness of the many. DJI is the first to show signs of weakness. Will wider indices like SPX weaken? With bear flags clearly appearing, and an apparent HnS pattern forming, things couldn't get worse. The post-GFC bull market may fail any time now. --- 3. The Basis of Stock Market There is this rule that everybody knows and most forget. Price is split between two areas, above and below average. When price is above average, sellers dictate price. Similarly, when price is below average, buyers dictate prices. Price is higher than average for a long-long time. It is one of the longest-standing equity bull markets. For many years, equity prices are facing increasing selling pressure and decreasing buying pressure. Why? Because investors progressively cash-out of equities. There may be too little interest for serious investors to buy into equities. Equities are too expensive and too risky for them to be a viable investment decision. You can find more about investment risk in @SPY_Master 's idea linked below. Tread lightly, for this is hallowed ground. -Father Grigori P.S. There is much information I may have left out of this idea. I don't want to be repetitive and I try to keep ideas short and clear. You can find more info about the QE Machine in the following idea.
NASDAQ:IXIC
by akikostas