Upside potential for Rusell 2000 Index from Past PerformanceRecovery in U.S. show up slower than expecting, seeing from Jobless Claim report increased to 276,000 against analysis forecast median of 263,250 jobs which is a greater numbers than Feb 2016 report. However the incremental is still below 300,000 which is an acceptable rate. Counting from Jackson Hole Fed's meeting last week statement was given clear of timeline of interest rate increase in year 2017 which will be monitored every quarter and rate holding in Apr to June 2016 sending U.S. dollar index down towards end of statement. This resulting of sending stock market upwards DJIA approaching last height where it went before collapsing last round of trading. NASDAQ index has been booming upwards slope as well leaving where Biotech index laggard.
The Russell 2000 Index follows the trend if you look at the graph presenting from year 2000 to year 2016 highest record, at the moment of trading today vs last height giving 16.38% upside for trading area but why Russell 2000 index would recovery better than DJIA or those big caps. It is because the small caps index has more volatility and potential of company growth better than big caps. The company are new to the market seeing high potential of expanding market share and it normally not reacting plunged from market sentiment.
Economics
USDNOK potential bearish cypher pattern Will be looking to enter a short position at 8.84658 if the cypher pattern holds up.
Stop loss is based on previous structure as indicated by the red line.
Take profit is based on Fibonacci levels.
Unfortunately the risk/reward isn't the best I've ever seen, but I will still be looking to take this trade.
Fundamentals
Aren't any particularly exciting fundamentals to support this cypher pattern, although based on the current consolidation of crude oil (Norway's economy depends strongly on oil exports) as well as uncertainty in the US economy, an up and down move is definitely not unreasonable.
Ah... China, and we've just begun - yellow line of despairWe won't be getting higher than the yellow line any time soon.
With recent events around China's "real" numbers coming in (who knows what's real anymore?) and the issues around oil production (which are NEVER going away b/c in 15 years we won't even need oil anymore), the market is in a major, structure re-evaluation phase. Why?
1. Global unease in the old model of forever growth, which is unsustainable
2. QE x 17 or whatever and people realizing that money isn't actually worth anything (currency)
3. All the old people (baby boomers) cashing in their retirement accounts so they can buy that giant bus conversion and finally go visit their grand kids.
4. Marijuana. If you want to decrease employee productivity... give it to them.
Short on US30 SELL SELL SELL !!!I personally have been short on this pair since December :)
Okay some may see this as a crazy setup but i believe US30 setup will fall to around 7000 in the next year or so
There are many reasons for this setup Fundamentals and technicals
FUNDAMENTALS
- jubilee year ?
- shemitah Year ?
- every 8 years a financial crisis
- FED raising rates to signify economy in a recession
- The possibility of QE4 ?
- A possible world disaster ?
i can keep going on in regards to such things but ill keep it short
TECHNICALS
- Price has hit a all time high and after the US30 booming for around 8 Years isit time for a change ?
- Price found strong KEY LEVEL (RES) at 18000
- Price is now down trending
- Price has put in lower high and lower lows
- Price has broken many key Trendlines
- Also price is on the verge of breaking a key level (SUP) at 16000
- If price breaks that key level we will possibly see a huge drop to the downside
I can go on abit more too but i am sure you all get the idea i am portraying
i do believe and confident of the drop too 8000/7000 :)
so here we come 8000 POINTS PROFIT ;)
Unemployment Prediction Model with Scary Accuracy!This RSI-MA Model Predicts Unemployment Rate With Scary Accuracy!
Although high unemployment usually occurs during economic recessions, it doesn't always mean that equity valuations would drop, nor does rising unemployment always mean recession.
On the monthly chart of the official national unemployment rate:
Unemployment Momentum Rising = MA6(RSI3) cross>50
Unemployment Momentum Dropping = MA6(RSI3) cross< 50