NQ Downside Potential - Watch the High BetasThe index is sitting in an equilibrium area with some overhead supply sentiment above.
There is a good chance of the price action breaking back below the 50 day moving average with a potential of breaking down to that 11,400 area and into the Yellow Box range.
Keep your head on a swivel with the Yields and any market rotation.
Highbeta
High Beta Indexes & Futures Short Side: A longer term Short PlayI'm expecting the high beta stocks to experience greater risk exposure with an index drop down to 15,100 to 15,000. Remember these are not only (1) interest rate sensitive, but they're (2) impacted by increases / decreases in Federal Reserve printing of the M2 Money Supply, and (3) where institutions "park money" when they need a very liquid place to protect it -- as well as dump it!
THO BreakoutEDIT: Sorry I didn't notice the KEY is unlabeled .
-The top red box in the key indicates stop losses
-The bottom green box in the key indicates buy zones
Followed this one for a while and have predicted the moves since the break over $100 pretty well, just haven't pulled the trigger on any trades yet.
Mostly due to the extreme swings it has. (Beta is just under 2.4 so this thing is pretty volatile)
This isn't one of my most confident trade ideas but I like following this stock and its a pretty fun stock to follow and predict.
Obviously with the high Beta, if we see a move into a bear market this stock could test the lower demand zones above $100 very quickly.
($110 range for higher demand, and $101-$103 for the lower demand range)
NASDAQ topping pattern -- danger 2nd WAVE COVID & electionTVC:NDX
All three confirmations for price to correct below neckline of "incined" Head and Shoulders --
Growing concern over fresh lockdowns hit travel sector hard while banks and oil price also suffer
RSI nearing overbought 65 to 70 -- also on Right Shoulder
The riots and unprecedented uncertainty concerning many national elections from NZ to USA coming in OCT and NOV into year end 2020
Look for first 4H red candle below the high close of the right shoulder to Scale into a Short position in NDX and other high Beta risk assets like FX:AUDUSD and NZDCHF and GBPCHF
ORBEX: Trump Signs HK Bills, Denting Trade Optimism AGAIN!In today’s market insights I talk about Trump’s latest move to support HK protesters by signing two bills, denting optimism around the recent trade war optimism!
The shift in sentiment was expected but how risk vs havens performed may seem confusing to some when looking at CADJPY and AUDCHF.
Here I explain how the yen and franc are likely to perform against high beta commodity currencies Canadian dollar and Swiss Franc!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.