SPY/QQQ Market Bias & Top Stock Watches - 4/11/2023 - BullishBias: SPY slightly gapping into a void up to 412, should be bullish up to that point. QQQ not as bullish at the moment but a much better void over resistance at 321
Top Watches: Long - MARA, AMC, RIOT. Short - FRO, ADTN, SNOW.
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
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Preview
SPY/QQQ Market Bias & Top Stock Watches - 4/6/2023 - Bear GrindBias: SPY under 406 has room to 404. QQQ more bearish, gapping under yesterdays bar with room to about 305
Top Watches: Long - LW, GILD, XOM. Short - TSLA, AMZN, COST.
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
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SPY/QQQ Market Bias & Top Stock Watches - 4/5/2023 - Bear GrindBias: SPY has room to drop under 407 down to 402. QQQ are a bit less bearish with closer support near 315.
Top Watches: Long - PLTR, FDX, GOOGL. Short - SCHW, AMD, PTGX.
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SPY/QQQ Market Bias & Top Stock Watches - 4/3/2023 - Choppy BullBias: A bit extended up, a pull back would not be a surprise but lots of buying pressure so could be a bit choppy.
Top Watches: Long - ISEE, APLS, MPC, EDR. Short - FRO, TRMD.
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Market Bias & Top Stock Watches - 3/24/2023 - BearishBias: Bearish but support at 390, room to drop under that area
Top Watches: Long - ATVI, INTC, FB. Short - AAL, BAC, C.
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Market Bias & Top Stock Watches - 2/16/2023 - Bearish GrinderBias: Bear chop. Bit of support near 409, under that room to 406. Big gap down at support so expect an early bounce.
Top Watches: I will update this post with my top four long and short ideas between 9:25 - 9:30 EST.
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Market Bias & Top Stock Watches - 2/9/2023Bias: Bullish. Be mindful of resistance above, could make it choppy.
Top Watches: Tune in to my Live Stream @ 9:45 EST for my full list of top stock watches
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Market Bias & Top Stock Watches - 2/7/2023Bias: Neutral. Bullish Over Yesterday's High, Bearish Under the Low.
Top Watches: Tune in to my Live Stream @ 9:45 EST for my full list of top stock watches
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FX + ECONOMY | EVENT - WEEKLY PREVIEW | KW04 |In today's article, we will go into all the important events,
which are scheduled in the economic calendar, for the next week.
> Calendar week | 04 - - - 23. January 2023 – 28. January 2023
Let's briefly discuss what the listed events mean for your personal trading.
> When you want to trade a currency pair, you should always be careful that you do not accidentally get into an "event".
> These events can end in random volatility, which technical analysis does not respect, and therefore a possible loss.
> A strategy of "Market-Makers" is to liquidate both sides (short | long) to the event and then continue the participated direction.
MONDAY
> EUR | 12:45 p.m. | ECB = President Lagarde - Speak
TUESDAY
> EUR | 03:15 a.m. | PMI = France
> EUR | 03:30 a.m. | PMI = Germany
> EUR | 04:00 a.m. | PMI = Euro-Zone
> GBP | 04:30 a.m. | PMI
> USD | 09:45 a.m. | PMI
> AUZ | 07:30 p.m.| CPI
WEDNESDAY
> CAD | 10:00 a.m. | Bank of Canada
THURSDAY
> USD | 08:30 a.m. | Advance GDP
FRIDAY
> USD | 08:30 a.m. | Core PCE
Wednesday and Friday will certainly be the most volatile.
MARKET INFLUENCE
Each of these dates, leads in the respective currency pair, to high / moderate volatility.
> Events that make the overall market volatile are mostly related to the USD.
= This is due to the fact that the USD has a position as an indirect world currency through global acceptance and thus has significant influence on the other currency pairs / economy.
To use an example to explain the influence of the USD on other currency pairs, let's look at the DXY (USD index).
The DXY is composed of the pairs:
EUR (57.6%), JPY (13.6%), GBP (11.9%), CAD (9.1%), SEC (4.2%) + CHF (3.6%)
When a positive metric is published for the USD = its value rises.
= The pressure on the currencies in the DXY basket increases.
= Thus they are "negatively" valued by traders.
= Sell-off
In summary, the higher the country's opinion on the global economy, the greater impact it takes on the overall market.
> Feel free to share in the comments, about the impact of this week's appointments.
> Sharing your perspective allows each of us to improve.
If this explanation has added value to you, I would be very happy to receive a rating.
Thank you and happy trading!
ZIEL IST DIE AUTARKIE | THE GOAL IS SELF-SUFFICIENCY
Market Bias & Top Stock Watches - 1/20/2023Bias: Neutral (lean bullish but wait for market to show its hand)
Top Watches: Tune in to my Live Stream @9:50 EST for my list of top stock watches
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Market Bias - 1/4/2023Bias: Neutral (Leaning Bullish)
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Market Bias & Top Stock Watches - 1/1/2023Bias: Bullish
Top Watches: Long - SNAP, BA, CROX, VZ, META. Short - AR
Follow @JLaing for daily review/bias of the market and top stock watches for day trading every morning!
Tune in to my livestream every Monday & Friday from 10 - 10:45 ET to see real live trading and get a more thorough review of my top watches!
Market Bias & Top Stock Watches - 12/06/2022Bias: Bullish Grinder
Top Watches: Long - GTLB, SUMO, FREY, UAL. Short - NRG, SI, MRTX, GS
Follow @JLaing for daily review/bias of the market and top stock watches for day trading every morning!
Tune in to my livestream every morning from 9:15 - 10:30 ET to see real live trading and get a more thorough review of my top watches!