JICPT| Weak rebound of Shanghai Composite index near key zone!Hello everyone. Shanghai Composite index has consolidated near the key zone after the massive sell-off occurred on Oct. 12th. On the chart, we can clearly see:
1. Inside bar formation : This is a sign of indecisive move. It holds until it doesn't. That day is coming soon with reference to the below point.
2. Triangle pattern : I drew a green and red line for uptrend and downtrend respectively. As the two line is going to meet each other, the index has to make decision about where to go.
On the fundamental part, 10 big banks have cut their growth forecasts of China amid mounting negative factors, e.g. disruptive floods, power cuts, indebted real estate developers, tighten regulatory on Tech sectors. However, central banks is likely to adopt loose monetary policies to spurt the growth. So the bad things may turn out to be good things for bullish stock buyers.
To summarize, I will keep my eye on the inside bar break, because it may give me a hint of where it might go. Also, loose monetary policy, like reserve requirement ratio cut, will be a strong supporter for the market. I don't think PBOC will cut its interest rate when Fed is about to taper and increase the target rate in the year-end of 2022 or 2023.
What do you think? Give me a like if you're with my view.
DATA
NQ - 15 Minute for Friday & the Next 10 Days into the 18th...$12.24 Billion in Recycle went to attempting to put a lid on the 10Yr.
Lets' see if they have any Juice left for EOD VX shove lower and the
ability to continue higher.
The VIX GAP @ 19.20 needs a Fill :)
It should be choppy, as usual until the Real Price Action begins to
take hold after 3PM EST.
We have another heavy Macro Data week ahead with the FOMC
Minutes on Wednesday.
Again, it is clear Sellers are in command during Prime Participation RTH.
3 Days in a row of further Distribution on Low Volumes...
EPS Warnings remain absent... when there should be an endless stream
of them.
Not inspiring to say the least, but...
More time is needed as there will no doubt be desperation to shove this
higher... Were this to Fail... it could send us back the lows and through them.
EPS is ahead and everyone is MUM... also no bueno.
The VIX will be in ROLL to Settle.
A tantalizing melange of messiness is approaching.
_________________________________________________________________
Monday
UST Bill Auctions
Tuesday
08:55 Redbook
09:00 Trade Balance (Aug)
10:00 JOLTs Job Openings (Aug)
Wednesday
07:00 USD MBA 30-Year Mortgage Rate
07:00 USD MBA Mortgage Applications (WoW)
07:00 USD MBA Purchase Index
07:00 USD Mortgage Market Index
07:00 USD Mortgage Refinance Index
07:00 USD OPEC Monthly Report
07:00 ZAR Retail Sales (YoY) (Aug)
08:30 USD Core CPI (MoM) (Sep)
08:30 USD Core CPI (YoY) (Sep)
08:30 USD Core CPI Index (Sep)
08:30 USD CPI (MoM) (Sep)
08:30 USD CPI (YoY) (Sep)
08:30 USD CPI Index, n.s.a. (Sep)
08:30 USD CPI Index, s.a (Sep)
08:30 USD CPI, n.s.a (MoM) (Sep)
08:30 USD Real Earnings (MoM) (Sep)
14:00 USD FOMC Meeting Minutes
14:00 USD FOMC Meeting Minutes
16:30 USD API Weekly Crude Oil Stock
Thursday
08:30 USD Continuing Jobless Claims
08:30 USD Core PPI (YoY) (Sep)
08:30 USD Core PPI (MoM) (Sep)
08:30 USD Initial Jobless Claims
08:30 USD Jobless Claims 4-Week Avg.
08:30 USD PPI (MoM) (Sep)
08:30 USD PPI (YoY) (Sep)
08:30 CAD Manufacturing Sales (MoM) (Aug)
10:30 USD Natural Gas Storage
11:00 USD Crude Oil Inventories
Friday
08:30 USD Core Retail Sales (MoM) (Sep)
08:30 USD Export Price Index (MoM) (Sep)
08:30 USD Import Price Index (MoM) (Sep)
08:30 USD NY Empire State Manufacturing Index (Oct)
10:00 USD Michigan 5-Year Inflation Expectations (Oct)
10:00 USD Michigan Consumer Expectations (Oct)
10:00 USD Michigan Consumer Sentiment (Oct)
10:00 USD Michigan Current Conditions (Oct)
10:00 USD Retail Inventories Ex Auto (Aug)
Saturday
11:00 USD IMF Meetings
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There is immense importance to all of next week, it is the Week of Inflation / Confidence / Consumer
Followed by the IMF headwinds over the weekend at a time when $4.5 Trillion in Spending remains in
FLUX.
Reopening NYSE MONDAY IS the 18th AND US Sec. of Tres. Janet Yellen's Line in the Sand for the Fiscal Drop Dead.
📊 StreamrDATA-- Macro ViewHere's macro view of BINANCE:DATAUSDT
-- No comment needed I guess --
>> See my previous publication for local view
------------------------
Streamr DATAcoin is an off-chain network focused on data monetization and exchange. As an off-chain component, Streamr’s system will work alongside blockchains–at this point, it’s built on and for Ethereum. It will utilize smart contracts to allow machines and individuals to trade data across its network.
Essentially, the network will facilitate a marketplace that allows anyone to publish or consume data. The Streamr team believes it will break the data monetization mold big businesses have set with cloud services.
Source: coincentral
DATA IS GOING TO MARS in a few weeks :)You can see the best analytical prediction for DATA. It might look really stupid and it is because DATA doesn't follow any usual trends or patterns, which means that due to the low supply of it 2-3 big players can push the price really high so my suggestion is to stick in it! I AM THE BEST DATA HOLDER!!!!!!
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Drawn trendline + LR on QuisCharts are an amazing tool. Been an amazing 1.5 years having control of my money to learn about technical analysis. I have been meaning to take a look at quis technically on this uptrend, Linear Regression I find is a great tool to price gain further context on longer time frames.
I started this chart by inputting my own support and resistance trend lines. It follows that as you map out a line acting as resistance and one as support, you are going to find alot of the stocks price action in between. This price action acts as data to be inputted into a Linear Regression model. Utilizing 3 regression lines set from Standard Deviations -3 to +3, we capture 99.7% of data-price, for Quis.
Quis over the past week has again started tightening up. Trading well below its daily average today into last weeks session. I have to admit I was off on the last tighten up around earnings. stock slipped up and went the other way for a week. these weeks candles and volume will be very telling to me on Quis being ready to go.
Catalysts on the near term horizon include Visa end point certification for LedgerPay. LedgerPay is the first payment processing solution that is built on cloud technology, Microsofts Azure Cloud to be specific. You may have seen news out that Amazon is looking to build its own payment platform for retail business. Its to be able to take in all the data on AWS network and make AWS more valuable. Microsoft in a battle forever now on cloud with Amazon got here first by working with Quisitive, a premier partner of microsoft. Microsoft expects to punch back here with Quis as its boxer, this is due to the product offering and funcationality of Ledgerpay and its data intelligence arm and those capabilities.
Further to certification, I think a contract being landed (guidance given on last earnings call Q&A that customers for Ledgerpay would likely be signing contracts before or shortly after LP is fully commercialized with Visa end point cert. It is on news of these contracts I feel the stock can push up to an area in the +2-+3 SD Channel. CEO Mike Reinhart represented Quis on an gateway investor webinar last week and guided that an uplist in Canada to the TSX was foundationally in place, and that US uplist was near as well. $QUISF currently trade on the pinks OTC. Quis also just filed an updated and amended SBP, as i note in my DD pieces, dilution is part of the game here and a risk to upside movement. Given the last two raises made by quis came after moves up, I think it follows that this will will too, but that may not align with acquisition opportunity forcing it to come earlier.
In any case please always do your DD, feel free to check out my substack lebellechart for my own DD, and follow your own trading & investing rules.
Cheers,
Luke
JICPT| Stock market fell on weak Chinese dataHello everyone. US Stocks market fell on Monday amid weak Chinese data and geopolitical concern from Afghanistan.
First, Let's look at the Chinese data. Fixed Asset Investment, Industrial Production and retail sales all missed projection. The key indicator is retail sales, and the year-over-year growth is only 8.5% with expectation of 10.9%. Recently, there are some corona virus breakout in approximately 20 domestic cities. The slowdown is a kind of reflection of impact of delta variant as Government adopt zero-tolerance policy toward it. Country-wide business travel and student summer holiday travel are all affected. Domestic travel is not encouraged now. Even, Some restaurants around my apartment have been closed permanently. So, I can feel it with many real cases around.
However, today's pullback created a nice buying opportunity. You can load up stuff that you missed or fear to chase when the momentum was strong.
Secondly, let's look at the chart of S&P. The potential reverse zone is just a bit marked in grey color. My previous bullish setup worked very well .
Thirdly, I marked two defense zones for Nasdaq. The first defense is a bit weak compared to the second one with the support of mid-term Moving average line.
The taper has not started yet . So, I don't worried too much about the stock market.
What do you think? Give a like if you're with me.
🆓Streamr (DATA) Aug-14 #DATA $DATADATA is poised to surge towards the end of August to the $0.19 and $0.26 zones or even higher in September. But if it loses the $0.13 zone, the $0.11 zone is still very reliable to buy in
📈BUY
🔴Buy : 0.127-0.133$. SL if B
📉SELL
🔴Sell : 0.186-0.194$. SL if A
🔴Sell : 0.254-0.266$. SL if A
♻️BACK-UP
🔵Buy : 0.107-0.113$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
15200-15210 is my post NFP target todayUS100 = 15,210
NQ = 15,200
Lots of liquidity building above current price, we just need a good NFP, unemployment and wages number today.
Going to sit it all out until after the Initial Balance and then see how much room to the upside is left.
Obviously a lot changes after Tier 1, so we cold possibly test yesterdays balance area that built before the US open, in which case I will probably sit out the remainder of the day
DXY H1 - Range SetupDXY H1
Failed to break the previous breakout high, hopefully you guys can see the familiarity and logic behind why and where we mark and place our trading zones now, and why we use 'breakout highs/lows' as an element of confluence.
We may see something similar to the previous range, until we have something to justify a bullish USD continuation or otherwise.
DATA - Trade SetupThere are sell volumes on the market for DATA, so be careful.
Those 2 support areas can hold the price up. if you're into opening long positions, here is a setup for you.
Wait for the price to cross that resistance area and right after the closure of the first 4H candle above that line, open your long positions and aim for that TP.
I'll keep this chart updated.
Current Market Price: $0.09696
Good Luck
Tell me your ideas. Like and Share
Didi Suspended from App Stores in China Over Data ProtectionOn July 4, the Cyberspace Administration of China (CAC) ordered app stores to stop offering the Didi app.
China's cyberspace regulator banned Didi from app stores on July 4, owing to the illegal collection of users' personal data. The CAC had requested Didi to rectify the existing problems in strict accordance with the legal requirements, protecting users' information security.
Didi responded that it had implemented the relevant requirements of the national departments, stopped registering new users and removed its app from app stores on July 3, with no effect on the current users, including both passengers and drivers. Meanwhile, the company said it would "improve risk prevention awareness and technical capability, protect users' rights and data security, and provide safe and convenient services."
On June 30, Didi listed its shares on the New York Stock Exchange at an offering price of USD 14 apiece. The price rose by more than 28%, with a market value of about USD 67.8 billion. The volatility continued on July 1 when the company's share price grew nearly 16% to USD 16.4 per share, increasing its market cap to USD 78.6 billion.
On July 2, the firm's share price plummeted over 10% owing to the news, with its market cap losing in excess of USD 3 billion within one trading day.