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EURCAD H1 - Short SetupEURCAD H1 - I've adjusted resistance zones to show hourly resistance now rather than H4 resistance, sat around that 1.53 handle. EUR has ripped over recent trade, would be nice to see a correction. No confirmation here, I wouldn't suggest taking a trade until we see some... 1:11 with current projections, so can afford to lose some by waiting for some PA confirmation. H4 close is going to be intense, looks like it may break but H1 still technically intact.
Short
by Trade_Simple_FX
USDJPY bullish continuation After NY session closed we clearly stayed above daily lows going into Asian session and new daily candle. Risk off tone and lower equities didn't help risk on sentiment but dollar bounced back after FED's Powell speech on excluding negative interest rates which is sentiment positive for USD. Pair broke previous high and made higher low at London close. PATTERNS: Bullish engulfing pattern and trend change on 1h and lower timeframes by swing pivots (breakout of previous swing high, new swing low not broken yet) 4h swing lows remain the same after previous highs got ceased and back tested positively (50% pullback co-relation). Idea is to go long from his 50% retracement on solid r/r. ADR is 96 and by setting half ADR as sl I wont risk much of capital. Profits can be taken anywhere above 1/1 r/r. Maximum I would take is full ADR. Entires can be made above 107.1 resistance, which may be safer entry and might co-relate with 100ema brekout on 15min timeframe and 100/20 ema b/o on 1h and 4h respectively.
Long
by fxmonarchy
EURNZD Short - 1.6700 TargetEURNZD has broken some consolidation to the downside as both AUD and NZD pick up strength with great coronavirus handling and exports to Asia are picking up now that those parts of the world are re-opening. Even though Europe and the USA are struggling and consumer demand isn't as high, production countries such as Vietnam, Indonesia, China, Japan etc... will manufacture now while interest rates are cheap, labour is cheap, inputs are cheap and they will grow inventories for the future. So the raw materials that AUD and NZD economies send to these countries will be in high demand. I expect us to drop here!
Short
by Apex_Forex
1
Ahrvo Weekly Sector Rankings: 4/27/2020With another week of earnings in the books, investors are starting to get a better idea of the impact that coronavirus is having on S&P 500 companies. It’s not pretty. For Q1 2020, the S&P 500’s earnings decline accelerated from -14.5% last week to -15.8% (worst since Q3 2009). The fall in earnings can be attributed to cyclical sectors- materials (down 25%), industrials (down 31%), financials (down 42%), consumer discretionary (down 42%), and energy (down 67%) sectors. Defensive sectors- utilities (up 4%), consumer staples (up 4%), health care (up 3%), and technology (up 1%) have faired much better. Of the 122 companies that have reported results, 60% reported both positive earnings and revenue surprises. However, it’s worth mentioning that analyst expectations were down 10% on average in March, so companies beating expectations are jumping over a lower hurdle. Over the last week, the S&P 500 continued to climb higher, up ~4%. Media outlets have attributed the positive price movement to a possible coronavirus vaccine. The upward movement in price, coupled with decreasing earnings has caused the price-to-earnings ratio (valuation) of the S&P to become expensive relative to historical averages. Making buying stocks expensive at a time when economic uncertainty is at an all-time high. The forward P/E on the S&P 500 is 19.1x, higher than the 5 and 10 year average of 16.7x and 15x, and up from 14x in early March. As an example of the uncertainty facing company executives (and as a result, the investors/traders), only 50 of the 122 companies that have reported results mentioned EPS guidance for Q2 in their earnings presentations. Of the 50 companies, 30 mentioned they were no longer certain of their EPS guidance (forecast) for the year, with all 30 citing coronavirus as the primary reason. Out of the other 20 companies that provided guidance, 10 issued EPS guidance that was lower than previous expectations. Over the last week, all but one (utilities) sector experienced an increase in price. In typical “risk-on” fashion, all cyclical sectors outperformed. Energy (ticker: XLE) led the way, up 9.6%. While financials (ticker: XLF), materials (ticker: XLB), industrials (ticker: XLI), and consumer discretionary (ticker: XLY) returned 6.7%, 6.5%, 4.9%, and 5.1%, respectively. Technology (ticker: XLK) was the only “defensive” sector to outperform, up 5.2%. Utilities (ticker: XLU), healthcare (ticker: XLV), consumer staples (ticker: XLP) returned -.28%,.77%, and .52% respectively. It’s worth noting that sector performance (rotation) was a complete reversal from last week when defensive sectors outperformed cyclicals and the market. As the S&P 500 climbs toward the 3,000 price level, investors need to ask themselves whether the house being built is sitting on solid foundation. The market is trading on the positive news when the reality on the ground is much different- 30 million Americans unemployed over the last 6 weeks. The infusion of liquidity by the Federal Reserve and the U.S. government has helped to prop up asset prices. However, ask yourself this question. Why are investors buying into the market at a time when stocks are expensive, economic uncertainty is high, and company executives aren’t even able to articulate what they expect their companies to do over the next 3 to 6 months? It is a recipe for disaster. Although I remain net-long, I don’t plan on adding new capital to stocks until the market pulls back and valuations become reasonable (14x-16x earnings). As the high from stimulus begins to fade, that opportunity will present. -Appo Agbamu, CFA Ahrvo Score (Overall Score) 1)Technology (⬆️1 spot) 2)Utilities (⬇️1 spot) 3)Industrials (⬆️1 spot) 4)Consumer Staples (⬇️1 spot) 5)Consumer Discretionary (no change) 6)Financials (no change) 7)Basic Materials (no change) 8)Health Care (no change) 9)Energy (no change) Momentum Score 1)Healthcare (⬆️1 spot) 2)Technology (⬇️1 spot) 3)Basic Materials (⬆️2 spots) 4)Consumer Staples (no change) 5)Utilities (⬇️4 spots) 6)Industrials (no change) 7)Consumer Discretionary (no change) 8)Financials (no change) 9)Energy (no change) Growth Score 1)Financials (no change) 2)Industrials (no change) 3)Technology (no change) 4)Consumer Discretionary (no change) 5)Consumer Staples (no change) 6)Utilities (no change) 7)Health Care (no change) 8)Basic Materials (no change) 9)Energy (no change) Quality Score 1)Consumer Discretionary (no change) 2)Industrials (⬆️1 spot) 3)Consumer Staples (⬇️1 spot) 4)Technology (no change) 5)Utilities (no change) 6)Energy (⬆️1 spot) 7)Financials (⬇️1 spot) 8)Basic Materials (no change) 9)Health Care (no change) Value Score 1)Industrials (no change) 2)Consumer Discretionary (no change) 3)Financials (no change) 4)Utilities (no change) 5)Energy (no change) 6)Consumer Staples (no change) 7)Basic Materials (no change) 8)Technology (no change) 9)Health Care (no change) This material is for informational purposes only. Under no circumstances should any information or materials presented be used or construed as an offer to sell, or a solicitation of an offer to buy, any securities, financial instruments, investments, or other services. Any investment made is at your sole discretion. There are many factors that you must consider when making an investment decision, including, but not limited to, product features, risks, whether or not an investment meets your investment objectives, risk tolerance, and other personalized factors. Investing in securities involves risks, and there is always the potential of losing your entire investment.
AMEX:SPYShort
by AhrvoStockApp
AUDUSD: Wait for the Drop!Daily Time Frame: Starting on the daily we can see that price broke back below .64500 key psychological support in confluence with our uptrend. Now that price is back below and reading the last couple of daily candlesticks it is safe to say that AUDUSD is starting to look bearish. 4Hr Time Frame: Scaling down we can see price forming a potential head and shoulders formation if it manages to pullback to .64000 key psych and newfound resistance. If price pulls back and shows signs of rejection, then look to sell this back down to .62250 key psychological support. However, if price violates back above .64000, then we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.
Short
by ChartAddicts
2
USDCHF: Longs to .98000?Daily Time Frame: Starting on the higher time frames we can see that price is testing .96000 key psychological support for the second time, creating a double bottom formation. Now that price is testing this area we have to wait for a break or bounce situation in confluence with reversal signals. 4Hr Time Frame: Scaling down we can gain a more refined perspective of price. On the 4Hr it looks like price is ranging between .96000-.98000 key psychological zones. If price manages to hold above .96000 key support than we can look to buy this back up to .98000. However, if price violates this zone and closes below, look for potential shorts down to .95000 key zone. Due to the uncertainty of market fluidity, risk management is highly. recommended.
Long
by ChartAddicts
This Country’s Stock Market Is Ready To OutperformDiversification is one of the keys to growing and preserving wealth. Putting all of your eggs in one basket (pun intended) can be dangerous. Luckily, diversifying your investment portfolio has never been easier. There are more than 7,000 exchange-traded funds (ETFs) that provide investors with exposure to various markets and asset classes across the globe (international stocks, bonds, commodities, real estate, etc.). For investors that want to diversify their stock portfolios outside of the U.S., Japanese (ticker: EWJ) stocks represent an interesting buying opportunity. While stock buybacks have slowed significantly among U.S. corporations in 2020 (down 25%), they’ve surged in Japan, rising 48% this year. Nonfinancial firms have around 285 trillion yen ($2.6 trillion) in currency and deposits (highest level in two decades). Japanese companies have increased their cash stockpile by ~100 trillion yen (33%) over the last decade, suggesting that corporations have plenty of room to continue returning capital to shareholders over the next few years. In addition, the valuation of Japanese stocks is attractive relative to the U.S. The price to earnings ratio on Japanese stocks is ~15x vs. ~17x multiple on U.S. equities. Furthermore, investors are underinvested in Japanese equities. Over the last 5 years, investors have sold ~16 trillion yen worth of Japanese stock, after plowing ~25 trillion yen into Japenese stocks between 2012 and 2015. If (when) investors begin reinvesting funds to the region, Japenese stocks will receive a boost. Japanese companies have increased their profitability. Profits as a percentage of sales have doubled from 4% to 8% over the last five years. More importantly, the Bank of Japan (BOJ) is the only developed country central bank that is actively involved in purchasing stocks. The BOJ is a top ten shareholder of more than 50% of publicly traded companies and has no plans of slowing down. In fact, early this month BOJ extended and doubled its purchases of Japanese ETFs- lifting its annual target of 6 trillion yen ($57 billion) to 12 trillion ($114 billion) as part of their aggressive monetary policy. This will continue driving demand (buying) for Japanese equities going forward. Lastly, Prime Minister Shinzo Abe recently announced a ~$1 trillion (108 trillion yen) stimulus package. This is equal to 20% of Japan’s national GDP. Compared to the U.S. stimulus package of $2.2 trillion, which equates to only ~10% of GDP. This significant fiscal stimulus will support the Japanese economy as it deals with the coronavirus. Among other things, the government will provide more than $55 billion in cash payments to families and small and medium-sized businesses and $240 billion in interest-free loans. Japanese companies have strong balance sheets and our returning large amounts of capital to shareholders, in addition, Japanese fiscal and monetary is the most aggressive in the world. All of the necessary ingredients for Japanese stocks to move higher are in place. It’s time investors placed their (buy) order. -Appo Agbamu, CFA Nothing in this email is intended to serve as financial advice. Please do your own research.
AMEX:EWJLong
by AhrvoStockApp