Indexfund
Nifty's negative breakdownNifty 50 today has Breakdown 50 DEMA.
And also closed than 50 DEMA. i.e., 31.49 points lower. (Point B)
On 16th September 2022 itself Nifty 50 has Breakdown from its previous trend (point A).
Today its breakdown from 50 DEMA shown that market is moving downwards.
Looking into previous strong supports two levels can be recognized
1. Around 16800. (200 DEMA)
2. 16000. psychological level.
Apart from those two. Another bearish level is 14800 (But for that too much negativity must prevail in overall environment).
Both the levels of NIFTY 50 are good to accumulate for index fund , till then stay with cash.
Dollar bulls inboundDXY D1
Things are getting interesting for the dollar now as we approach somewhat of an area of descending resistance. Our area of support has initially held, GBPUSD has sold off from the double top resistance/supply price.
Waiting patiently to see if this structure of lower highs can be broken to see if the bullish trend will prevail. Been held back a little bit during recent trade due to inflation and labour figures concerning the USD.
Dollar Index Bull ContinuationsDXY H4
As long as we are still trading north of this last area of H4 demand, we can look to catch dollar bid, GBPUSD shorts from 1.20 specifically is on the horizon.
Weekend volume causing that bit of chop we see, but hopefully this double bottom structure we see may see dollar reverse and continue it's bullish trend.
SPX Daily TA Cautiously BearishSPX Daily cautiously bearish. Recommended ratio: 28% SPY, 72% cash. Price is currently testing the 200 MA (which coincides with the uptrend line from March 2020) at $4487 as support after being rejected by $4549 minor resistance. Volume remains moderately high and has been fairly balanced between buying and selling recently (the largest supply zone is at $4400), indicating that there is some disagreement in where Price should go. Parabolic SAR flips bullish at $4633. RSI is currently bouncing at 50, the next support is the uptrend line from 01/27/22 at $45-$50. Stochastic remains bearish and is trending down at 2.59 as it fast approaches max bottom. MACD is currently crossing over bearish at 40 after being rejected by 55.35; the next support is at 33.08. ADX is trending down at 19 as Price is attempting to reclaim the Covid relief rally uptrend line, this is bearish. If Price is able to establish support here at the 200 MA + the uptrend line from March 2020 ($4487), then it will likely retest $4549 minor resistance before potentially retesting the ATH at $4815. However, if Price breaks down here then it will have the 50 MA at $4423 as support before potentially retesting $4343 minor support. Mental Stop Loss: (one close above) $4549.
Low Cost Index Funds and the "bubble"As the majority of the investment community is aware, low cost index funds such as the iShares CSPX are a great way of investing your money in such a way that it will beat inflation and any other factors that will reduce the overall value of your money. Warren Buffett (CEO of Berkshire Hathaway) is notorious for recommending low cost index funds to those who are inexperienced in the stock market and even long term investments. There have recently been many arguments that made me question the integrity of this seemingly flawless investment ideology. Even Buffett said the "only" downfall to index funds is that they are, and I quote, "boring". These arguments that have sparked up across the internet are by those who fear that the inherent price of these index funds are far beyond their actual value despite them holding the top performing stocks in the market. Thus removing the need for investors to investigate individual companies and rather stand at the sidelines and say "Just buy them all and see what wins". This attitude towards index funds and the ludicrous prices/growth (in comparison to any other listed entity and their own past) has sparked major concern. I have provided a link to a video below that discusses the 2 opposing ideas presented by Warren and Michael Burry (Famous for his prediction of the stock market crash of '08) and what each of them mean. From my view point (albeit mildly inexperienced) has led me to believe that in the long run despite the concerns, there will be crashes, like every other market ever, but these crashes will be shrunk by the overall growth in the following years and or decades, therefore making it worthwhile to invest in such index funds while dedicating at least 5% of your portfolio in individual stock.
TL;DR: It is inevitable that there will be a crash in all index funds at some point or another (that cannot be changed) but in the far longer term view, it will still be worth your time, money and effort to invest in such equities.
NAS100 AnalysisNAS100 Analysis. Projected level is 16000-16050. Monthly, weekly, and daily are long.
AMEX:SPY (Primary Trend)Caution Noticethe Vwap Since July 19 till now represent (-) negative money flow while the Price Action broke down and closed below vwap then stuck under the level 2-3 days(Green Circle). TCtrader Trend AlignmentBlue line 40 weeks period Benchmark forescast(Blue circles) that it will pass through the baseline(orange line) in the near term,The Momentum shifted to lower gear. Price Action enter the range soon will broke below
Go Long on Video Games!Sorry for the lack of ideas yesterday; there were some issues with my OmniBands indicator. But everything has been resolved, so it's time to get back to work! Here's a great index fund that you should definitely consider adding to your portfolio:
GAMR® provides pure-play and diversified exposure to a dynamic intersection of technology and entertainment.
The first ETF to target the video game tech industry.
The video game industry is enjoyed by over 1 billion loyal users and influences many other tech industries such as virtual reality software and cloud-based services.
Captures a $127B global industry est. to grow 49% by 2025.
The EEFund Video Game Tech™ Index provides a benchmark for investors interested in tracking companies actively involved in the electronic gaming industry including the entertainment, education and simulation segments. The Index uses a market capitalization weighted allocation across the pure play and non-pure play sectors and a set weight for the conglomerate sector as well as an equal weighted allocation methodology for all components within each sector allocation.
This is a fantastic ETF to long, as you're exposing yourself to an industry that will last forever (especially with the prevalence quarantining).
Happy trading!
SPY Weekly Consolidation TICKER: $SPY
Huge pull back last Thursday and Friday, breaking the weekly HL of every candlestick pattern. We dumped significantly and have bounce before labor day weekend.
I will be looking for a SHORT entry on a LH bounce if there's a low risk high reward setup. Keep in mind if the market is dumping like we've seen in March, things could get extreme.
Panic selling, buying, fear, FOMO, etc... will kick in and a lot technical guide/indicator that used to work will be slightly different, so be careful. The million dollar question this coming trading week is how strong is the bounce, what's the volume like, and are we going to drop down to lower low to spark fear in the markets?
Tomorrow BIST100 may bounce back from support Downtrend line started in July 30th (orange) is still working neatly. Second time value touched to orange resistance on August 8th, steep downfall has been started. Now 96069 is a very important support. I think that support will stand still against the fall and bounce the value upwards. Tomorrow we can see just a little bit more downmove and than a steep move to 97000’s. Even it may break the resistance and go to 97790 - 98990 channel.
For the timing of buying and playing long, we can watch the RSI to break the downtrend line and watch the moving average line will pass thorough bollinger middle band. That would be the right time to go in. Of course we have to put our stop loss on just below the 96069 support line.
Good luck!
TRADERSAI - A.I. Powered Model Trades for Today, THU 07/18No Bull, No Bear...Goldilocks Forever?
As we wrote as the theme for the Markets this week, stocks continue to be driven by earnings related headlines (Netflix, anyone?), but the market action's underpinnings point to technicals at a dominant role rather than fundamentals...for now.
To avoid subjective knee jerk stands about the markets driving your trading decisions, try to use objective/quantitative analyses to help you navigate these markets.
The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site.
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) The results of these indicated trades would vary widely depending on the timeframe you use (1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
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