Nvidia (NVDA) continues to defy gravity, hitting $140 in pre-market trading today. This translates to: A 23% increase in June alone A 55% increase in Q2 A staggering 184% increase since the beginning of the year A 225% year-to-date (YTD) surge These are the kinds of figures we've come to expect from Nvidia, making even impressive YTD gains of 27% by companies...
Macro Monday 38 The Euro Area ZEW Economic Sentiment Index & The German ZEW Economic Sentiment Index (Released this Tuesday 19th Mar 2024) ZEW is the German acronym for the Zentrum für Europäische Wirtschaftsforschung, which translates to the Centre for European Economic Research. There are two releases from the Centre for European Economic research we...
Looking back, commodities had a high conviction in february based on a longterm trend. Combining macd and BB break out. Markets have either risk-on sentiment or defensive. During risk-on phase people want to put money to work, there is too much money. During risk-off or defensive, people want money and safety. Assets become too expensive. Bitcoin rallies...
MACRO MONDAY 33 ~ NFIB National Federation of Independent Business Index (NFIB) Released Tuesday 13th Feb 2024 Think of the NFIB small business index as a sentiment index, a sort of mood meter for small businesses. The higher the index, the more optimistic small businesses will be about spending more, expanding and increasing or maintaining employees. The...
Macro Monday 40 Euro Area Composite PMI (Released this Thurs 4thApril 2024) The Euro Area Composite PMI (Purchasing Managers’ Index) is a significant coincident economic indicator that provides insights into the current overall health of the eurozone economy. The Euro Area Composite PMI data is collected from a representative panel of around 5,000...
Macro Monday 39 (Part B) This chart is a summary of the past two weeks of work in Macro Mondays on the EU Sentiment The Chart illustrates the forward looking Euro Area ZEW Sentiment Index (red line) and the current sentiment outlook via the Euro Area Economic Sentiment Index (the "ESI", the blue line). In the chart I have used thick orange lines to illustrate...
The last couple months have been challenging if you were bearish on the markets. However, recently it seems one by one, all the bearish analysts and money managers are now issuing their mea culpas, and are quickly embracing the bullish market perspective. I am no different. I made the mistake of allowing my analytical bias to remain front and center for too...
losers/gainers looks like it has peaked weekly, but will show an opportunity for more longs after consolidation in the second half of the year
put/call ratio cboe has hit the top of the band, entered short amd then trended toward the bottom band hit the top and then averaged out indicating there may be a peak of call activity followed by a return to heavy puts
After a significant downtrend from 1.20 down to below 1.00, the EURCHF pair is now consolidating on the daily timeframe. Similarly, the Sentiment Index at the bottom is consolidating. Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation). The...
The CADJPY pair might offer soon an interesting sell opportunity assuming a trend continuation scenario. After a recent uptrend, the pair is currently moving between a major resistance (downward pressure) and a major support (upward pressure) with the latest move being a significant downtrend. A SELL opportunity might form if: The Breakout Pivotal Bars turn...
META is down almost 60% in the last year and it looks like there are two possible outcomes from here. Bullish scenario: The current pattern is generally bullish and typically anticipates a significant trend reversal. The Sentiment Index indicator shows a weakening in the Bearish Sentiment which could indicate that a more bullish sentiment could come next. ...
We are already now in, yet another recession, similar to 2008. Consumer sentiment doesn't move the market (SPX), but it does accurately reflect what the working class is experiencing. Prepare yourself & your family, if you have not done so already. It may be years until we push through past, all the pain. Yet again, or for the first time for younger investors.
After the big selloff from the all-time highs, BTCUSD is now consolidating in the 30k – 40k area. In particular, the pair is trading within a channel (blue lines) that typically signals and trend continuation. The bearish outlook is backed by the major resistance displayed by the Levels and Zones indicator, and which sits at around 40k. Should the price drop,...
Although it seems irrational, the market sentiment is that, with the Fed's large injection of liquidity, several vaccines in the third test phase and the uncertainty of the American elections approaching, the dollar no longer seems like a safe haven. Although the fundamentals point to a faster recovery in the United States and due to the injection of money by the...
A breakout opportunity is forming on the WTICOUSD. The pair has seen a rather significant upmove earlier this year from around 40 to about 65. Since the spring it has been consolidating between mid 60s and the low 50s. The price is now squeezing and the indicators we use, all confirm that a new opportunity is forming. Remember to be patient and always check...
A breakout opportunity is forming on the BTCUSD. The pair has seen a big upmove since earlier this year. More recently it has been consolidating between the high 13000s and the low 9000s. Currently, the price is squeezing and the indicators we use, all confirm that a new great opportunity is coming. Remember to be patient and always check confirmation from the indicators!
Hi all! We are adding to our BITSTAMP:BTCUSD long position. The resistance breakout seems to be inevitable according to fundamental Social Index ( scalpexindex.com)