INV HANDS ON NAS TO 7350 LEFT SHOULDER has max volume indicated the selling climax
Friday's NFP report highlighted lower wages and higher unemployment. This has given birth to a recovery in equities and we like playing the Nasdaq on this driver. Yesterday's correction was unable to hold prices under the week's opening print. We are now above yesterday's high and further gains look possible.
Friday's NFP report highlighted lower wages and higher unemployment. This has given birth to a recovery in equities and we like playing the Nasdaq on this driver.
We will have range tradinf for the next days, for NQ the rage will be 7000 to 7100. So easy trading strategy. Buy at 7000 and sell around 7100 #futuresalerts #usbinaryopsignals #waltervera #fxsignalsprovider
We where not able to stay in positve territory today, that is giving me the signal, to continue a little more down all the way to 6900. #futuresalerts #usbinaryopsignals #waltervera #fxsignalsprovider
I'm pulling a Harry Dent here...check out this Fib-forecasted mega top on the DOW
Our bullish call has yielded decent upside and we have reached new all-time highs. We suggest scaling out here/protecting profits but holding onto the rest of the position for further gains.
There was a bounce in risk overnight, and Nasdaq is the leader amongst global indices. If no negative vibes come into play today, we should break 7280 and progress towards recent highs.
Watch the correlation between Nasdaq Index and Philadelphia Semiconductor Index
The QQQ have been on a tear for about a week now. If you we're watching my analysis from 3-4 weeks ago you were aware of the inside bar setup that I was waiting for a bullish breakout of. Although we had a false break down on 5/23, price immediately recovered and the bullish breakout that I had been predicting did ensue. The price action on 5/23 produce a very...
Appears like price is coiling up for a burst up out of this wedge.
Ahead of the G7 meeting (which is shaping up to be confrontational) traders seem to have reduced longs on equities and there is a tad of risk aversion creeping into the market as Jpy crosses are lower as well. From a technical perspective, 7220s/previous key high have been rejected. Tomorrow we may see some counter-trend possibilities.
Financial markets are in risk-on mode with both US and Asian equity markets advancing. This positive sentiment might be dented into the weekend by the G7 meeting (where Trump's trade policies will likely be debated), but for now, all is well.
Price is being squeezed down into channel, will go short if breaks down.
The tech sector continues to outperform. While superficial reasons don't do this trend justice, we may speculate that it has to do with flows exiting Europe (where political issues and internal problems are causing havoc) to the USA (where companies are prone to benefit from Tax cuts and the political situation is more stable).
US stocks continue to shrug off trade fears for the time being. Nasdaq is the leader and is continuing it's ascent. Trail stops appropriately, and hold for further gains.
We were looking for a Long stance in Nasdaq last week and the market obliged. The main support zone has been trailed as we have reached our 7100 main target. Risk-on sentiment driven by Non-Farm Payrolls has been supportive of this trade.