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USDJPY-Weekly Market Analysis-Apr21,Wk3If you have been reading my analysis, you might be thinking USDJPY will be alike to EURUSD or GBPUSD. Well, not this time. USDJPY is in a unique situation where the daily chart is on a bullish trend, 4-hourly chart a weaker bull(which I will not take action) and 1-hourly a bearish trend. Knowing how to identify the trend helps a trader to determine if they are trading with the trend or against the trend. This information help traders to plan their stop and target better. I'm waiting to short USDJPY at 109.87 as long as the trade didn't break and close above 109.95.
Short
by RaynLim
$SPYStock market news live updates: S&P 500 reaches record high, traders eye Biden's infrastructure proposal Stocks jumped to record levels on Wednesday as technology stocks recovered losses from Tuesday's session. Traders digested the contours of President Joe Biden's infrastructure proposal, which would include trillions of dollars in government spending as well as new changes to tax policy. The S&P 500 rose by 0.4% to reach a fresh record intraday high. The index's month-to-date gain came out to more than 4%, marking its best monthly performance since November. The Nasdaq outperformed, gaining just over 2% at session highs as technology stocks outperformed. The Dow hovered near the flat line. A day earlier, the Dow dropped for the first time in four sessions, and each of the S&P 500 and Nasdaq also declined. Shares of big bank stocks recovered some declines from earlier this week, though shares of Nomura and Credit Suisse added to losses as the lenders assessed the losses they would incur after the hedge fund Archegos Capital defaulted on significant margin calls last week. Traders will be eyeing President Joe Biden's latest public address on Wednesday, which is expected to include details around his infrastructure plan for the country. The White House released a statement about the plan ahead of the address, noting that it would involve more than $2 trillion in total spending over eight years to help rehabilitate and build out the country's infrastructure, address the crisis around climate change and curb economic inequality. To pay for the proposal, Biden will propose raising the corporate tax rate to 28% from 21% for 15 years, and implementing other policies to disincentivize offshoring. Wednesday also marks the final session of both March and the first quarter. For the year-to-date, small cap stocks as well as the cyclical energy, financials and industrials sectors – or the biggest under-performers of 2020 – have outperformed strongly, while last year's leading technology companies have lagged. This rotation has coincided with a faster-than-anticipated vaccination program in the U.S., as well as an influx of estimates-topping economic data. Wednesday morning, ADP reported that private payrolls grew by 517,000 in the U.S. in March, marking the best gain since September. Still, however, investors have been nervously looking for signs that the stimulus-aided post-pandemic recovery is bringing with it an unwanted rapid rise in inflation. The latest march higher in Treasury yields, with the benchmark 10-year yield rising to more than 1.75% this week, has reinforced these apprehensions. But with these concerns now well-known, some of the next market catalysts will likely be around whether fears around fast-rising prices ultimately come to fruition, some analysts said. "We’ve been on this ride probably for two quarters now where interest rates are really driving everything … We’re likely to still see interest rates continue to rise, which is healthy and normal and you’d expect to see that in a recovery," Tim Courtney, Exencial Wealth Advisors chief investment officer, told Yahoo Finance. "But I think there’s going to be something else that’s going to start to take over here within the next month or so, and that is, the market is going to start to pivot from a recovery, say, interest rate story, to to see the proof," he added. "So I think that interest rates dictating the market behavior will still be a main factor, but earnings coming up for the first quarter and economic data are going to be top of the list items that investors are going to want to see." — 4:03 p.m. ET: S&P 500 jumps to a record closing high, gaining 4.3% in March for its best month since November Here were the main moves in markets as of 4:03 p.m. ET: S&P 500 (^GSPC): +14.55 (+0.37%) to 3,973.10 Dow (^DJI): -83.83 (-0.25%) to 32,983.13 Nasdaq (^IXIC): +201.48 (+1.54%) to 13,246.87 Crude (CL=F): -$1.24 (-2.05%) to $59.31 a barrel Gold (GC=F): +$22.00 (+1.30%) to $1,708.00 per ounce 10-year Treasury (^TNX): +2 bps to yield 1.7460% — 12:42 p.m. ET: Stocks extend gains, Nasdaq adds nearly 2% The three major indexes held higher in afternoon trading, with the S&P 500 trading at an all-time high. The information technology, consumer discretionary and communication services sectors outperformed, while materials, financials and energy stocks lagged. Here were the main moves in markets during the afternoon session: S&P 500 (^GSPC): +31.85 points (+0.8%) to 3,990.40 Dow (^DJI): +30.75 points (+0.09%) to 33,097.71 Nasdaq (^IXIC): +252.11 points (+1.94%) to 13,297.99 Crude (CL=F): +$0.36 (+0.59%) to $60.91 a barrel Gold (GC=F): +$24.50 (+1.45%) to $1,710.50 per ounce 10-year Treasury (^TNX): -1.2 bps to yield 1.714% — 10:10 a.m. ET: Nomura, Credit Suisse shares extend losses in wake of Archegos Capital implosion Shares of Nomura and Credit Suisse added to steep losses on Wednesday as the companies prepared to incur major losses after Archegos Capital defaulted on significant margin calls last week. Credit Suisse's about 4% share price drop on Wednesday brought the stock's decline for the week to about 20%, while Nomura fell another 3%. — 10:05 a.m. ET: Pending home sales plunged by the most since April 2020 in February Pending home sales slumped last month as inclement weather and tight inventory weighed further on the housing market at the start of the year. The National Association of Realtors reported Wednesday morning that pending home sales fell by 10.6% in February from a month earlier, marking a second straight monthly decline. Consensus economists were looking for pending home sales to fall by just 3%, according to Bloomberg data. Over last year, pending home sales fell 2.7%, not accounting for seasonal adjustments. — 9:30 a.m. ET: Stocks open higher Here's where markets were trading shortly after the opening bell Wednesday morning: S&P 500 (^GSPC): +13.34 points (+0.34%) to 3,971.89 Dow (^DJI): +88.09 points (+0.27%) to 33,155.05 Nasdaq (^IXIC): +89.25 points (+0.66%) to 13,131.18 Crude (CL=F): -$0.41 (-0.68%) to $60.14 a barrel Gold (GC=F): +$2.10 (+0.12%) to $1,688.10 per ounce 10-year Treasury (^TNX): -0.5 bps to yield 1.721% — 8:30 a.m. ET: Private payrolls rose by 517,000 in March: ADP U.S. private employers added back more than half a million jobs in March for the best gain since September, according to a report from ADP on Wednesday. However, job growth still slightly missed expectations, even as February's inclement weather abated and the domestic vaccination program picked up steam. Private payrolls grew by 517,000 in March, ADP said. This followed a revised gain of 176,000 in February, up from the 117,000 previously reported. Consensus economists were looking for domestic private employers to bring back 550,000 jobs during the month, according to Bloomberg data. The services sector again handily led the way in recovering jobs, with service-providing payrolls climbing by 437,000 in March. Leisure and hospitality industries made the largest advances, with payrolls rising by 169,000. Trade, transportation and utilities jobs also rose by 92,000, and professional and business services jobs rose by 83,000. The goods-producing sector also posted net private payroll gains in March, with these increasing by 80,000. Construction and manufacturing jobs rose by 32,000 and 49,000, respectively, though mining positions edged lower by 1,000. — 7:20 a.m. ET: Pfizer shares rise after company says its COVID-19 vaccine is safe and effective in children as young as 12 Pfizer (PFE) announced on Wednesday that data from its latest study showed that the COVID-19 vaccine it developed with BioNTech (BNTX) was safe and effective in preventing COVID-19 in children as young as 12. The late-stage trial comprised 2,260 U.S. volunteers between the ages of 12 and 15. There were no cases of COVID-19 among those who received full vaccination, versus those who were given placebos, Pfizer said. The study has yet to be peer reviewed for publication. — 7:15 a.m. ET Wednesday: Stock futures trade mixed, with technology shares outperforming Here's where markets were trading heading into the regular trading day on Wednesday: S&P 500 futures (ES=F): 3,951.75, +4 point, or 0.1% Dow futures (YM=F): 32,899.00, -26 points or 0.08% Nasdaq futures (NQ=F): 12,951.25, +73 points or 0.57% Crude (CL=F): -$0.06 (-0.1%) to $60.49 a barrel Gold (GC=F): +$1.50 (+0.09%) to $1,687.50 per ounce 10-year Treasury (^TNX): -0.7 bps to yield 1.719% — 6:00 p.m. ET Tuesday: Stock futures tick up as overnight session begins Here's where markets were trading Tuesday evening: S&P 500 futures (ES=F): 3,948.75, +1 point, or 0.03% Dow futures (YM=F): 33,939.00, +14 points or 0.04% Nasdaq futures (NQ=F): 12888.00, +9.75 points or 0.08%
AMEX:SPY
by UnknownUnicorn19246015
$SPY PT 405-408 then retraces...Wells Fargo Executes Four Block Trades Worth $2 Billion Stocks valued at $2.64 billion changed hands in a flurry of block trades Monday as tumult from the wind-down of Bill Hwang’s Archegos Capital Management extended into a new week. Five block trades valued at a combined $2.14 billion were executed by Wells Fargo & Co., according to a person familiar with the matter. US STOCKS-S&P 500 near flat; hedge fund default concerns hit banks The S&P 500 was nearly flat in Monday afternoon trading, with bank shares falling amid warnings of potential losses from a hedge fund's default on margin calls, while optimism over the economy limited the day's declines. Nomura and Credit Suisse are facing billions of dollars in losses after a U.S. hedge fund, named by sources as Archegos Capital, defaulted on margin calls, putting investors on edge about who else might have been caught out. Shares of Morgan Stanley were down 2.5% after the Financial Times reported it had also sold billions of shares, while the banks index shed about 1.9%. "There's still chatter as to whether or not, and which, American banks may be affected. Wall Street's fear gauge rose. Declining issues outnumbered advancing ones on the NYSE by a 1.94-to-1 ratio; on Nasdaq, a 3.11-to-1 ratio favored decliners. The S&P 500 posted 69 new 52-week highs and no new lows; the Nasdaq Composite recorded 81 new highs and 50 new lows. Everything has peaked...
AMEX:SPYShort
by BADQOMOCAWGOWLD
8
NIO: Is it now ready to fly?Hello traders and investors! Let’s see how NIO is behaving today. First, in the 1h chart, it is sitting right at a very important key point , which is the purple line at $ 38.33. This line is not here by chance, and when we talk about the daily chart I’ll explain why. For now, let’s just keep in mind that the purple line, along with the 21 ema made a resistance zone , and NIO has to defeat it in order to fly again. The trend is still bearish , as we have no higher highs/lows, but if NIO defeats this resistance zone, it could be a good start. But as long as we don’t have any clear reaction, there’s nothing to do, but wait for a safe buy. Now, let’s see the daily chart: The thing is, despite the drop, NIO reacted amazingly well last Friday, as it did a very powerful Hammer candlestick pattern , with a very long shadow under the candlestick’s body (with high volume , by the way). This is a good sign. Not enough to trigger a buy opportunity, but good, indeed. Now, remember the purple line? Here’s why it is so important: It was a support level twice, in Nov and Dec 2020. Now, it could work again, and if it does, we’ll have another challenging point at $ 42.10 (black line), and another sell zone near the green line and the 21 ema. But all of this will depend on how NIO will close today, and the way it’ll close. If we see a good sign around, it could give us a brilliant opportunity. If not, the bearish sentiment will prevail, and the stock will seek for lower levels. If you liked this analysis, remember to follow me to keep in touch with my daily analyses on stocks, and if this idea helped you, please, support it ! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
15