Indexes
LUFTHANSA AG (LHA): BAIL or FAIL
Being the honorable member of DAX index and gigantic employer,
Lufthansa is too big to fail.
Though its stock prices dropped significantly, the enterprise will receive as many bailouts as needed.
It's not a mom & pop shop that went bankrupt during the lockdown, that one is much more important (hope you feel that irony).
For us, however, its cheap price gives a perfect chance to make a great investment decision.
"Buy low, sell high" remember?
DOLLAR INDEX (DXY) Trend Reversal & Strength
hey traders,
it looks like we finally see a confirmed bearish trend violation and reversal on DXY.
from 6th of January, we see the zigzag movement with 89.1 initial low, equal high retesting the December's lower high,
higher low and finally a new higher high higher close on a daily yesterday.
it is a classic price action reversal formation.
now in the mid-term, I expect more strength to the dollar.
The closest resistances to look at:
91.75
92.15
Don't trade dow without this analysis.Look what happened in february 2020 to learn a few things similar to what is about to happen. it started climbing from 2019 until it fell off the cliff. It is climbing and is now close to the top of the cliff. What do you expect?
VERIZON COMMUNITACTIONS (VZ): Bullish Continuation
hey traders,
nice channel breakout on VZ yesterday.
with a high momentum bullish candle, the stock is now trading beyond the boundaries of the flag.
now the broken trendline serves as a local strong demand zone.
I would recommend you buying from that expecting a bullish continuation.
Goals:
58.4
60.0
DXY (Dollar Index): Signs of Weakness
hey traders,
it looks like dxy returns to a bearish trend again.
after a quite impressive growth from 6th January, yesterday the price broke below a support line of a bearish flag pattern on 4H.
that breakout may be a perfect trigger for the initiation of a new bearish wave.
for now, I expect a continuation to 90.0/89.25 levels, but we must remember that the global trend is bearish and indexes may continue falling in value.
please, support this idea with like and comment! thank you!
DXY Analysis ahead of the announcement of the stimulus. President-elect Joe Biden will make a speech later today to outline plans for a huge fiscal stimulus bill to help the US economy recover from the pandemic.
Reports suggest the new fiscal stimulus could be worth anywhere between $1.3 trillion to $2 trillion and include direct payments of up to $2000 to hard-hit citizens. A $900 billion package was recently agreed by Democrats and Republicans, but Biden has described this as a down payment ahead of his inauguration. That included direct payments of $600 to citizens after Democrats were unsuccessful in their attempts to raise the figure.
Having now won control of Congress following the Georgia run-off races, Biden is expected to push ahead with a sweep of Democrat policies, but he is keen to win the backing of Republicans to build on the bipartisan mood that has struck both parties during Donald Trump’s final days in office. That may dissuade Biden from trying to ram through too much straight away and approach it in phases to garner the support of both Democrats and Republicans. He is expected to focus solely on coronavirus-relief measures at first and not to mix it with other policies to do with matters like healthcare or infrastructure spending, which he is expected to pursue later.
On top of larger cheques, reports suggest Biden could look to increase support for minority groups and billions of new funds to accelerate the country’s vaccination programme. State and local governments, which also fund the likes of schools and hospitals, are also set to receive more money.
Impact On The Economy
Biden’s push for a big new stimulus package comes amid a rapid deterioration of the economy under the strain of a third wave of the coronavirus. The economy shed 140,000 jobs in December, a steep decline just as U.S. covid-19 deaths hit an all-time high.
Biden is also likely to push for a larger legislative effort later in 2021 after the initial stimulus package. That effort is expected to focus on spending trillions of dollars on infrastructure and clean-energy jobs. The former vice president additionally has pushed for significant overhauls to America’s health-care system, something that could also be wrapped into legislation later in the year.
Biden is attempting to bring back hope in the economy, hence winning investors confidence.
In the markets, the bigger the proposal’s price tag, the better for equities and the U.S. dollar. There has been a paradigm shift lately in dollar dynamics, where promises of astronomical spending now boost the reserve currency as the rosier outlook for growth overshadows deficit concerns. If all the spending supercharges the economy, the Fed could reign in its generosity.
Nifty Update - Expect a pull back before reaching 15000.Hi Traders,
Nifty can pull back to key zone at 14000 - 13775 levels after testing the upper channel. Since nifty is near the upper channel we can expect a pullback very soon, this can be used for positioning yourself for the rally towards 15000.
If nifty breaks the upper channel, Then price can rally towards 15000. But this move can be seen as an exhaustion which is an indication of bearishness in the long term.
Note:-
1. This analysis can be used only for long term positions.
2. This analysis is done based on technical analysis without considering any fundamentals.
Pls comment below for queries...
Happy trading....
Nikkei: After Hitting 30-year High, What is next?Hello community, after a 5 wave (12345) impulsive structure we expect at least a corrective structure which contains lower degree impulses. Now the 5 wave impulse is getting completed and we expect bears to take over. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.
Will The Current Situation in America Cause The S&P 500 To Drop?Technically speaking we are in the wave 5 of this current structure which is the last wave, after which we expect a reversal or a bearish higher degree corrective structure for a trend continuation. Both are good for the shorts.
Now Fundamentally we are In the midst of one of the most polarizing elections of America’s history, we have seen more fluctuation in the market than in recent years. While fluctuation is normal, it can cause investors to make decisions that may not be the best for them. Panic selling is a moment where an investor or a group of investors decides that they want to go completely to cash and they sell everything they have in the market—regardless of the quality, efficiency or effectiveness of their holdings. Basically, they just throw up their hands and sell everything. As prices are driven down, more panic sets in and we get stuck in a vicious cycle.
Panic selling will drive the s&p 500 down in a way that is artificial—the price reduces but the quality does not. That means if 1,000 people are all panic selling and trying to sell off everything at once, someone out there (usually an institution, a hedge fund or a wealthy individual) is going to be able to buy s&p 500 at a much lower price.
NIFTY: Accurate Wave AnalysisHello community, after a 5 wave (12345) impulsive structure we expect at least a corrective structure which contains lower degree impulses. Now the 5 wave impulse is getting completed and we expect bears to take over. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.
DOLLAR INDEX (DXY) Fall Continues!!! Where is the Next STOP:
DXY keeps falling.
All major usd pairs and commodities are benefiting from dollar weakness.
The next strong weekly structure from where we can expect a pullback is 88.5 - 89.5 level.
It is a major key level based on 2009'th/2010'th/2018'th price action.
I won't expect a reversal. Rather a pullback from that.
And until we are above that level, bearish bias remains.
DOLLAR INDEX (DXY) Time To Recover?!
Dollar index leaves reversal clues:
the price has broken above a falling trend line on 4H
and has set a higher low before the breakout.
We haven't seen a strong pullback on dxy for a while,
so it looks like it's finally the moment to recover.
Intraday goals:
91.5
91.4
SPY Crash in January 2021. SPY PEAK 380More lockdowns, contested elections, eviction, and real estate crisis, closure of necessary institutions. Markets overvalued based on pe ration, current pe ratio, q factor, ev to ebidta, ev to sales. There is also an Indirect correlation of fed balance sheet to M2 over the last 15 years.
S&P500 Index (SPY): More FED Printing
S&P500 is trading within a strong confluence area based on a daily/4h structure.
on hourly chart, the price has formed an ascending triangle formation and has just closed above its minor resistance.
let's follow the trend and try to catch a bullish continuation.
goals:
3608
3655