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Is 27,000 going to be your number? There were mad moves on the DJI (Wall Street) north on Friday 5th May 2020. The bulls gored the bears big time. But there's 'fundamental' stuff that's not right. The Bureau of Labour Statistics (easily findable via a search engine), said that their figures were not correct. They even said in their report that if unemployment was counted more correctly the percentage would have been 3% higher. However, the bulls were in a frenzy. Greed and hope dominated. Reality meant nothing. Then there are other problems coming up. If you don't believe that COVID-19 has died and you think that human beings are the main vehicle of transmission, then mass protests breaching social distancing and public gatherings are likely to bring a second wave of virus infections. Hello - what caused the bubble to pop in the first instance? If you don't believe that there is cure or vaccine in sight for the next 6 months to fight this virus, then it means the virus is gonna exploit human interactions from mass protests across America and other parts of the world - without restraint. If you believe that money printing is the economic fix for the myriad effects of COVID-19 on GDP (and that GDP is important), then for you the markets will charge north forever! The choice is yours about what you believe. But what you believe could be the result of manipulation of minds by fake news. Some say there is no such thing as fake news. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
2
S&P 500 Elliot Wave Correction Hello all, I do not typically do any analytical content out side of cryptocurrency, but with the state of the markets and everything happening I thought I would take a look. This analysis is just a simple thought process so do not trade based off this. S&P 500 in Elliot Wave Correction. This seems to be a possibility. After the unfortunate spike in the confirmed cased of Covid19, the market took a hard hit, again. This new wave of cases is possibly linked to the increased crowds, parties, and gatherings for memorial day a couple weeks ago. If this is the case, I have reason to believe that it is just the beginning of the confirmed case increase. I say this because very recently there has been a large amount of protesting in the states, millions of people gathering together. I will not comment on that of course, but I will say that it is the perfect storm. It may have just helped spread the virus even more than ever before. It is unfortunate as these predictions on markets are not just about the value of something, but it is a reflection of how bad things are. So keep that in mind. I hope this was helpful. Stay safe all, trade safe, and stay healthy. Thanks for reading. - Max K.
SP:SPX
by MaxKoke
5
DAX30 Key Levels D1, H4 and H1 + General thoughts for trading itThe stock market has been pumping and with things coming back to normal, we are going to likely be climbing back up to pre-covid19 levels, but nobody knows this for sure, so I find marking key levels of support and resistance helps me keep track of my bias so can take trades accordingly. Once the levels are nailed down the execution becomes the next task.... Next Monday If we break daily resistance @ 12870 and find support to test weekly levels @ 12940 then then it will be safer to stick to buys to mid-13000s. However, you can scalp sells with prices first reaction at these levels, for this i would recommend using the smaller time frames. If you have traded DAX30 you will know it can move harshly compared to the smaller indexes. If anyone has any advice on how they like to trade DAX30 let me know. Push like or leave a comment if you agree with my key levels. Thanks for viewing. Daniel UCFX
OANDA:DE30EURLong
by d_brennan_UCFX
WARNING! Kill zone ahead - S&P 500This is not a prediction. I don't do predictions. The setup is only a probabilistic estimate based on a reckless disconnect between market sentiment and fundamental reality. It's probably the most reckless in history. For every probability estimate in one direction - NOTE CAREFULLY - that there is a residual probability in the opposite direction. So if for example one thinks there is a 60% chance for the south, then there is a 40% chance for the north. I am not saying the S&P500 has a 60% chance of falling south from the kill zone shown. The best I could do is 51% - which means 49% chance (in my mind only) that it'll bust north. I always make potential losses very prominent in my posts. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
TVC:SPXShort
by Captain_Walker
6
Upwork Finances.Upwork is a company that mainly makes money as their hired consultants make money. So the more employers hire people through the service the more revenue they generate. This could be problematic long term as after they hire a "temporary employee" because thats whats assumed through the program if they decided to hire them long term after their term is over then Upwork gets nothing. AND they just lost future revenue. PLUS Over the past few years they have been in the hole. We have a history of net losses, anticipate increasing our operating expenses in the future, and may not achieve or sustain profitability. Quote from their SEC filing 10-K I will be looking for a SHORT when it seems they have peaked. RED LINES=DAILY support/resistance PURPLE LINES= Weekly support/resistance A lot more pricing information at those higher price points. What could've dropped the price is that they've had an offering so that they can manage extending the life of the company. More offerings means a lower price.
NASDAQ:UPWKShort
by JakeBrandonCastro
TESLA INC. - Timeframe: 1H Technical analysisTRENDS Court terme: STRONGLY BULLISH TECHNICAL INDICATORS: 50% BULLISH / 0% BEARISH / 50% NEUTRAL MY OPINION: BULLISH ABOVE 800.51 USD MY TARGETS 862.95 USD (+6.37%) 869.82 USD (+7.21%) MY ANALYSIS The bullish trend is currently very strong on TESLA INC.. As long as the price remains above the support at 800.51 USD, you could try to benefit from the boom. The first bullish objective is located at 862.95 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 869.82 USD as an objective. Crossing it would then enable buyers to target 917.42 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend. FORCE : 7.7/10 Quotes: The TESLA INC. rating is 811.29 USD. On the day, this instrument gained -0.99% and was traded between 785.00 USD and 824.00 USD over the period. The price is currently at +3.35% from its lowest and -1.54% from its highest. Technical: A technical analysis in 1H of this TESLA INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Indicators scanner detects a bullish signal on moving averages that could impact this trend. Numerical data: The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis: Technical indicators: RSI (14): 58.02 MACD (12,26,9): 9.7500 Directional Movement: 2.62 AROON (14): 21.43 DEMA (21): 818.06 Parabolic SAR (0,02-0,02-0,2): 819.55 Elder Ray (13): 3.00 Super Trend (3,10): 781.02 Zig ZAG (10): 817.90 VORTEX (21): 1.0900 Stochastique (14,3,5): 81.60 TEMA (21): 821.64 Williams %R (14): -6.76 Chande Momentum Oscillator (20): 10.03 Repulse (5,40,3): 1.7600 ROCnROLL: 1 TRIX (15,9): 0.2100 Courbe Coppock: 5.70 Moving averages: MA7: 775.62 MA20: 755.58 MA50: 633.22 MA100: 620.35 MAexp7: 812.49 MAexp20: 804.12 MAexp50: 787.18 MAexp100: 760.04 Price / MA7: +4.60% Price / MA20: +7.37% Price / MA50: +28.12% Price / MA100: +30.78% Price / MAexp7: -0.15% Price / MAexp20: +0.89% Price / MAexp50: +3.06% Price / MAexp100: +6.74%
NASDAQ:TSLALong
by REDAEL
1
NASDAQ Doesn't Make Any Sense Anymore! But let's earn some moneyWe know it's wrong. We know it's unsustainable. There's a Corona Crisis. There's unsustainable growth. There are huge unemployement issues. Crazy deathrates. Stockmarkets are surging. No, it doesn't make any sense. But to make a decision on this trade when the price hit this support zone so beautifully we have to look at the data. Purely based on technical analysis I expect the price to break out. Okay, we could look at fundamental information like how the technology sector might not be negatively impacted by corona as much as the other sectors. Not just because their products are all online, and people have to arrange their whole life online right now. Also because the people who work for those companies are much more comfortable and capable working from home. But hey, look at other markets that are not technology based. All green. All going up. This doesn't make any sense to me. Let's earn some money. It already tried this level one time before, and only bounced back a little bit. With this second attempt on the resistance the bulls will be stronger and have left many bears behind them. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
TVC:NDQLong
by Trading-Guru
6