The dollar strengthened amidst strong US retail sales data, but cryptocurrencies managed to recover significantly. Bitcoin jumped over 9% to $24,300, the highest level since June 2022. Ethereum also surged over $140 to $1,688.18. US retail sales recorded a 3.0% growth in January. This outperformed Mitrade's estimates of 1.8%. This allowed USD/CAD to climb 58 pips...
Looking at the H4 chart, my overall bias for AAPL is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for an immediate buy entry at 155.47, to ride the bullish momentum. Stop loss will be at 149.23, where the recent low is. Take profit will be at 176.14, where the previous swing high is. Any opinions, news,...
Home Depot Inc - 30d expiry - We look to Buy at 312.12 (stop at 298.22) The stock is currently outperforming in its sector. This stock has seen good sales growth. Bespoke support is located at 312. 307 has been pivotal. The primary trend remains bullish. We look to buy dips. Our profit targets will be 346.86 and 349.86 Resistance: 324 / 330 /...
TSLA is looking not good and can be a short downward trend and I have taken a short from the resistance level.
PYPL PRICE RECAP: On Feb 2nd, 2022 PYPL sold off to create a massive GAP ranging between $140.57 to $170.76. Ever since this GAP down, PYPL has been in a longterm down trend that has been consolidating into a larger falling wedge formation. PYPL has recently broken out of this longterm down trend / falling wedge. After the breakout, PYPL attempted to make a move...
Short rates flying (up to 1Yr #yield) Already broke previous highs Compare to 2 (slightly lower than previous highs) & 10 $TNX (chart tells story) #Market trading = #inflation higher vs #Fed expectation of 2% Markets not expecting recession or lower inflation NO soft landing - party on But that'll mean eventual HAWKISH FED Dilemma #stocks or #economy, only 1
Bias: Inside Chop. Wait for a break of HOD/LOD for direction. Leaning Bearish. Top Watches: I will update this post with my top four long and short ideas between 9:25 - 9:30 EST. Tune in to my stream at 9:45 EST for my full list of top stock watches and to watch me trade them Live! Follow @JLaing for a timely morning bias of the market like this, top stock...
Almost every year in the stock market has a "theme" for what sector or idea becomes to latest craze. In late 2020 it was Electric Vehicles, in 2018 it was blockchain, in 2017 it was pot stocks. Something going on in the culture primes traders' minds for this "thing" to be the hot item to invest in. Much Kool-Aid is drank as the trend progresses and any stock...
After 75 Days of dull market, Nifty is breaking out and trying to sustain above 21 Day Moving Average Expecting a Good Rally Across #Stocks
Siemsns Broke out today. Trading at all time high. Company declared solid results
The latest inflation data from the US mostly met market estimates, with an annual rate of 6.4% slightly higher than expected. The readings were still well above the Federal Reserve's inflation targets, so investors expected more rate hikes in 2023. Meanwhile, USD/CAD moved up 4 pips to 1.3334, and USD/JPY rose 71 pips to 133.11. GBP/USD climbed 32 pips to...
The Nasdaq Index Chart (NDX) produced several bullish signals... Let's have a look... Bullish cross of EMA100 and EMA50. Major downtrend coming off December 2021 broken. Dragonfly Doji at support two days ago. Reconquered EMA300... Never mind that, pretty boring. Something more interesting, how far up will it go? It is so good that it looks...
Looking at the H4 chart, my overall bias for NVDA is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 187.67, where the overlap support and 50% Fibonacci line is. Stop loss will be at 138.85, where the previous swing low is. Take profit will be at 289.34, where the previous swing...
Foot Locker - 30d expiry - We look to Buy at 40.22 (stop at 37.96) Daily signals are bullish. Previous resistance, now becomes support at 40. 50 4hour EMA is at 40.43. Preferred trade is to buy on dips. A later spike higher was met with further selling interest and prices settled lower to post a negative day. A lower correction is expected. Our profit...
USD INR - Extreme crab pattern Activation - Weekly close above 82.9800 Target - 87Rs Horizon - 4-6 months.
Bias: Inside Chop. Wait and see for direction. Leaning bullish. Top Watches: I will update this post with my top four long and short ideas between 9:25 - 9:30 EST. Tune in to my stream at 9:45 EST for my full list of top stock watches and to watch me trade them Live! Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live...
It has been over two years since the COVID crash and despite people sharing 2008 fractal patterns, traders' expectations of a stock market crash have yet to be realized. In fact, recent chart patterns for the Dow Jones and NAS100 suggest that bottoming patterns are emerging. For further technical analysis of the NAS100, please refer to: Notably, the Dow Jones...
Trade with risk management or don’t trade at all. Hit me up for any advice I’m always here!