Neutral
SPX BUY & SELL Setup 10/24/22If we get back near the daily opening price I'll take a partial on the buy setup and just leave the rest of the Buy and Sell in. Up and down day, we've swung 700+ pips 3 times so far today.
Took Partials on both of the setups and leaving the rest in with the stops in profit.
$ABB with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $ABB after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
Silver & Gold. Long? Short?Remain neutral/bearish on gold & silver until the US10Y, DXY, & Fed Funds Rates tops.
This is the first time since the de-pegging of USD/Gold (in 1975) that interest rates & the USD have been rising.
This creates an extremely tough environment for gold & silver to significantly rally being under pressure from high dollar & rising interest rates.
Despite strong headwinds, there are many tailwinds as well that will lead many commodities prices higher such as, the clean transition, & the dollar (usd) devaluing.
Chart:
FED FUNDS Rate = Blue Line
$HZNP with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $HZNP after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 83.33%.
XAU/USD BREAK BELOW STRUCTURE AND RETESTWe are currently seeing XAU/USD break and retest a major support level on the weekly. If we see a break back above support we are most likely to see a bullish market till 1900.00 at least. A break below 1600.00 may result in a downward continuation till 1450.77.
STAY PATIENT, since we are in a downtrend you need STRONG REASON TO BUY, MORE CONFLUENCE, MORE CONFIDENCE.