Stockmarketanalysis
Key Levels and US Market Review for the Asian session open 17/04Major Indexes were mixed heading into the weekend with Asian and European markets ending with gains while the US moved lower. US bond yields spiked higher and the USD found buyers to pressure up off support as the focus remains in 'sticky inflation' and more rate rises to come in the US. US earnings is under way with big banks finding buyers as they benefit from rising interest rates and easing fears of stress in the banking sector...potentially showing they benefitted from the Banking crisis.
I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed as they potentially come to the end of a rate rise cycle. The Fed will be conscious of a run higher in risk assets as that will continue to fuel higher inflation.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
🥂CAC40: Croisière sur la Seine, avec une bouteille de ChampagneLuxury shares boost Europe's STOXX 600, French stock index TVC:CAC40 hit new record high.
European shares climbed on Thursday on a boost from luxury stocks after XETR:MOH posted upbeat first-quarter sales, while hopes of a pause in the Federal Reserve's rate hikes after signs of cooling U.S. inflation also aided sentiment.
👉 The pan-European STOXX 600 rose 0.4%, while the blue-chip index (STOXX50) gained 0.5%, inching closer to its highest level in 22 years hit on Wednesday.
👉 LVMH climbed 5.7%, closing at a record high after the world's largest luxury company reported a 17% jump in first-quarter sales that breezed past estimates as business in China rebounded sharply.
👉 European stocks have more than recouped last month's declines with gains of 1.4% so far, outperforming the benchmark SP:SPX index on Wall Street, amid ebbing fears of a steep recession in the euro zone.
👉 European stocks are seen as undervalued compared to their U.S. peers. With the economic outlook for the U.S. deteriorating, investors appear happier now to take advantage of this pricing skew and buy relatively cheaper European shares. The risk factor that had been associated with holding European shares is diminishing and this is allowing investment decisions to be made based more on fair value plays.
Technical pictures in France Stock Index TVC:CAC40 indicates the breakout of massive 20-year old Reversed Head & Shoulder structure, so it seems a lot of gain here is yet to come.🥂
Google -> Ready For The RallyHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock just recently broke above a quite obvious bearish trendline, breaking out of a multi-month downtrend.
You can also see that weekly market structure is bullish again, we already broke above the $100 resistance area and retested and rejected the area so everything seems very bullish on the weekly timeframe.
On the daily timeframe you can see that Google stock is retesting previous daily resistance at the FWB:108 area so I am now just waiting for a simple break and retest before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Tesla -> Ready For The PumpHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla stock is about to once again retest a previous weekly support zone exactly at the HKEX:175 area.
You can also see that weekly market structure is bullish again so I am now just waiting for a deeper retest of the area before I then do expect a pump away from the support zone to retest the next resistance at $195.
On the daily timeframe you can see that Tesla stock already had a first initial rejection away from the zone, showing that there is definitely some buying pressure at the support area, so I am just waiting for a daily retest and then a rejection towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Apple -> Short Term ReversalHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently retesting a quite obvious previous weekly downtrend resistance line exactly at the $165 area.
Also just recently Apple stock created a weekly inverted head and shoulders so I definitely do expect the market to reject this downtrendline to retest the neckline of the inverted head and shoulders at the $155 area and then from there create more continuation towards the upside.
On the daily timeframe you can see that market structure is still massively bullish so I am now just waiting for Apple to show me some more bearish rejection at the current levels and then there is a high chance that we will see a short term rejection away from the downtrend resistance trendline.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Key Levels and US Market Review for the Asian session open 6/04Major Indexes were either range bound or weakened in Europe and the US. The DAX drifted lower from the open and the FTSE gave up most of the earlier gains into the close while the DOW ended slightly higher and the Nasdaq added to the previous sessions losses to end lower. Traders will be risk adverse coming into Easter and add to that the US employment data which could easily trigger increased volatility in a relatively thin market. I expect the Asian session to be range bound or a grind lower today.
I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed as they potentially come to the end of a rate rise cycle. With the OPEC Production cuts and resultant spike in Oil ( and clear potential for higher levels), bulls will have something to think about regarding inflation.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Trade what you see not what you think!
RELATED IDEAS
TradeTheStructure
$SPY Supply and Demand Zones as well as Support and Resistance Based on the 15 min intraday chart of SPY as of April 5, 2023, here is a possible analysis:
Supply Zone: $407.91 - $408.67 Demand Zone: $405.88 - $406.50
Support: $405.88 Resistance: $408.67
The analysis is based on the following factors:
Technical Analysis: The supply zone is formed by the high of the day and the open price of the last candle, while the demand zone is formed by the low of the day and the close price of the previous candle. The support and resistance levels are also derived from these zones. The chart shows a sideways trend within these zones, with no clear breakout or breakdown signals. The volume is relatively low, indicating a lack of momentum.
Fundamental Analysis: The SPY tracks the performance of the S&P 500 index, which reflects the overall health of the US economy and stock market. The index has been trading near its all-time highs, supported by strong earnings growth, fiscal stimulus, and vaccine rollouts. However, some headwinds such as inflation fears, rising bond yields, and geopolitical tensions may limit further upside potential.
News and Events: The SPY may react to any major news or events that affect the market sentiment and expectations. For example, on April 5, 2023, the US released its ISM Services PMI data, which came in better than expected at 63.7, indicating a robust expansion in the service sector. This may have boosted the SPY slightly in the afternoon session.
Sentiment Analysis: The SPY may also reflect the prevailing mood and emotions of the traders and investors. One way to measure this is by using indicators such as the VIX (volatility index), which measures the implied volatility of S&P 500 options. A high VIX indicates fear and uncertainty, while a low VIX indicates complacency and confidence. As of April 5, 2023, the VIX was at 25.51, which is above its historical average of 20, suggesting some caution and nervousness in the market.
Machine Learning and Artificial Intelligence: The SPY may also be influenced by algorithms and bots that use advanced techniques such as machine learning and artificial intelligence to analyze data and execute trades. These methods may be able to identify patterns and trends that are not visible to human eyes or conventional tools. However, they may also introduce noise and unpredictability into the market, especially during periods of high volatility or low liquidity.
Price Action: The SPY may also follow its own logic and behavior based on supply and demand forces. Price action is the study of how price moves and reacts to various factors without relying on any indicators or external information. Price action traders use tools such as candlestick patterns, trend lines, chart patterns, and Fibonacci retracements to identify entry and exit points based on price movements alone.
If price breaks out of the current supply and demand zones ($407.91 - $408.67 and $405.88 - $406.50), the next zones may depend on how far and how fast price moves and how it reacts to other support and resistance levels.
One possible way to estimate the next zones is to use the size of the current zones as a guide. For example:
If price breaks above the supply zone ($407.91 - $408.67), the size of the zone is $0.76 ($408.67 - $407.91). Adding this amount to the high of the zone gives a possible target of $409.43 ($408.67 + $0.76). This could be the end of a new supply zone, while the start of it could be around the next resistance level of $412.35, which is the high of March 3, 2023. Therefore, a possible new supply zone could be $409.43 - $412.35.
If price breaks below the demand zone ($405.88 - $406.50), the size of the zone is $0.62 ($406.50 - $405.88). Subtracting this amount from the low of the zone gives a possible target of $405.26 ($405.88 - $0.62). This could be the start of a new demand zone, while the end of it could be around the next support level of $402.35, which is the low of March 1, 2023. Therefore, a possible new demand zone could be $402.35 - $405.26.
These are just rough estimates and may not be accurate or reliable, as price may not move in a linear or predictable way and may be influenced by other factors such as volume, news, sentiment, or machine learning. Therefore, traders should always use other tools and methods to confirm their entries and exits and adjust their zones and levels accordingly.😊
Key Levels and US Market Review for the Asian session open 5/04Major Indexes moved lower as banking concerns weighed on the US along with fears of an economic slowdown. Employment data out in the US disappointed and pointed to a slowing jobs market which sets up for an interesting Payrolls release Friday. The USD took a hit, which supported Gold, as traders start thinking of a recession. Being the end of quarter, we may see a decent unwind of recent buyers but I expect this will be closer to the employment data release. Either way, I feel that major Indexes are looking heavy and may need a flush lower at the least, prior to any further upside.
The RBA statement was happy to leave interest rates on hold even with inflation around 6.8%. Homeowners (especially recent buyers) were relieved although many still expect further rises to tame the high inflation.
The ASX is expected to open relatively flat around the previous close while the Nikkei is set to open down 164 pts while the Hang Seng is closed for trading.
I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed as they potentially come to the end of a rate rise cycle. With the OPEC Production cuts and resultant spike in Oil ( and clear potential for higher levels), bulls will have something to think about regarding inflation.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch. Setups I expect to see play out on the major markets below :-
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
🥇 Gold Futures: The Recovery After Melt In Bear HugThis publication was partially created by ChatGPT AI, under request to Offer Twenty Practical Tips On Why People Should Buy Gold.
Good or bad, y'all be the judge. But here's what ChatGPT said...
1. Gold is a stable asset that is not subject to inflation and market changes.
2. Gold can serve as a good way to protect against economic crises and political turmoil.
3. Gold is highly liquid, which means it can be easily sold at any time.
4. Gold can be used to diversify a portfolio and reduce investment risks.
5. Gold is a universal asset that is recognized and valued throughout the world.
6. Gold can be used as collateral for a loan or loan.
7. Gold can be used as a gift or legacy.
8. Gold can be a store of value that will retain its value over time.
9. Gold can be used to create jewelry, which can also serve as an investment asset.
10. Gold can be used as an indicator of economic stability and inflation.
11. Gold can be used as a means of payment or exchange.
12. Gold can be used as an investment strategy on a long-term basis.
13. Gold can be used to craft collectibles that can increase in value significantly over time.
14. Gold can be used to create electronic payment systems that are based on the blockchain.
15. Gold can be used to create new types of investment products such as ETFs and futures.
16. Gold can be used to protect against currency fluctuations and devaluation of the national currency.
17. Gold can be used to hedge against inflation risks and government monetary policy.
18. Gold can be used to protect against the risks of geopolitical instability and war.
19. Gold can be used to protect against the risks of financial crises and bank failures.
20. Gold can be used to create an investment portfolio that provides stable income and risk protection.
Gold Futures technical picture indicates on recovery after melt in bear hug, as a result of Gold prices break its 52-Week High.
FDN - falling wedge patternWhat we can see on the chart is a falling wedge pattern.
The price is still moving inside the pattern, once it breaks above the trendline it can be a good momentum to enter long.
Do not forget to put the stop loss under the wedge .
Possible target area is shown on the chart.
ADT - rising wedge patternWhat we can see on the chart is a rising wedge pattern. The price did not break out of the pattern yet.
We are expecting that the price will break down and continue the previous downtrend.
The stochastic shows us that the price is overbought but it is not pointing downwards yet.
How to trade:
Enter the short position only if/when the price breaks down out of the wedge with the volume increase which would be the confirmation.
Do not forget about the stop loss to protect your capital.
Get ready for Stock Market Crash - April 24th of 2023 hello traders,
Get ready for Stock Market Crash - of 2023
#VIX is now on a major support and growing consistently,
on the week of April 24th 2023, it will break out of resistance and shoot up.
Therefore, Bulls only have Two more weeks, then Bears will take over, and it will be the Stock Market CRASH of the week of April 24 2023.
I will be liquidating all my Long Trades during the next two weeks, and opening more short positions.
Trade:
Safe - Carefully - Determined
Good Luck and Good Profit
Edward Trader
Moving Water
#SPX500 #SP100 #NASDAQ #CRASH
Tesla -> Preparing The BreakHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla just recently had a rally of about 100% towards the upside followed by a healthy short term correction.
As we are speaking, Tesla stock is starting the next impulse towards the upside, you can also see that we have the potential to create an inverted weekly head and shoulders so I just do expect more continuation towards the upside from here.
On the daily timeframe you can see that Tesla stock is over and over again retesting the daily resistance area at $200 so I am now just waiting for a break above the resistance and a retest before I then do expect the next rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Nifty Demand and Supply Zone for 31st March 2023#Nifty Demand and Supply Zone for 31st March 2023
Can long above green/ demand zone if price action shows bounce from that zone with SL below zone.
Can short below red/supplyzone if price action shows rejection from that zone with SL above zone.
More details on chart.
Good Luck.
#stockmarkets #niftytomorrow #premarket
View for education purpose only.
#BankNifty view link below.
BankNifty Demand and Supply Zone for 29th March 2023BankNifty Demand and Supply Zone for 29th March 2023
Can long above green/ demand zone if price action shows bounce from that zone with SL below zone.
Can short below red/supplyzone if price action shows rejection from that zone with SL above zone.
More details on chart.
Good Luck.
#stockmarkets #niftytomorrow #premarket
View for education purpose only.
#Nifty view under profile.
Why we should review price action to see if History will RepeatStudying price action and reviewing should be a key part to everyones trading and will improve overall results. Many Stocks, Currency pairs, Commodities or Indexes have differing nuances and characteristics with regards to Price Action so it is worth doing the homework before entering a trade. Even though they all trade around a similar Price Action Framework, quickly looking for small repeating patterns can greatly improve the probability and conviction and help your trades in the long run.
This short video looks EQR.asx which is a share listed on the ASX. By reviewing the previous price action, we can see that the current setup is so far following the same path as a previous big winner....I will be watching to see if history does repeat!!
Hope you enjoy
Key Levels and US Market Review for the Asian session open 29/03European markets gapped up and then saw a slow grind lower while the US could not take out the previous sessions highs and also moved lower into the close. The US was weighed down by big tech as inflation and rate rises are again the main focus. US Bond yields continued to press higher which weighed on tech stocks and the overall broader market. Elevated Consumer Confidence levels gave the market some confidence as the banking crisis starts to fade to the background for now.
Asian markets are expected to open mixed with the ASX200 set to open down 25 points, the Nikkei set to open flat and the Hang Seng to open up over 300 points after a strong overnight session.
I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed as they potentially come to the end of a rate rise cycle. The Fed will need to see hard evidence that inflation is coming under control first.
A review of the price action from the European session and the US session where I look at some key levels to watch and the price action setups I expect to see play out on the major markets below.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper