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Review of KEY DAILY LEVELS on major Indexes and CommoditiesMajor indexes continue to show resilience to inflation and rate rises as many have pushed up into new all time highs. Traders have been faced with many ups and downs making investing difficult and share positions constantly flow from gains to losses and back again. We always need to focus and review the bigger picture timeframes to build into our overall trading plan or simply to gain a clearer perspective. So, as we wait for more news on the US debt ceiling, it is a good time to review our Daily charts to build that picture. In the video below I will review my take on the key technical levels on major Indexes along with my major commodities. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
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by TradeTheStructure
Key Levels and US Market Review for the Asian session open 22/05Major indexes in the US were weaker as Debt ceiling concern weighs on bulls. European markets ended the week in the green while Asian markets were mixed. Traders will be closely watching news for some sort of agreement on the US debt ceiling once Congress finishes playing politics. For now, I expect a tentative Asian market open and for major risk to remain on the sidelines. Expecting tentative open on Asian markets with the ASX200 and Hang Seng expected to open flat while the Nikkei to open slightly lower. Debt ceiling talks and coming economic data will remain the major focus as traders look to anticipate the end to interest rate rises. I expect that the debt ceiling will be raised once again as if they do not, volatility will spike hard and investors will drive Indexes lower. 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
COMEX:HG1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 17/05Major indexes in the US and Europe come under fire on concerns for a global economic slowdown and the US debt ceiling fiasco. Traders went risk off as retail sales pointed to a slowdown in consumer spending while uncertainty over interest rates also weighed on sentiment. I expect that the same theme will weigh on the share markets today and into the coming European and US sessions. Expecting a weaker open on Asian markets with the ASX200 expected to open down 37 points while Hang Seng set to open down 30 points and the Nikkei to open slightly higher. Coming economic data will remain the major focus as traders look to anticipate the end to interest rate rises. I feel that any end will only mean major economies are slowing which I do not expect will be good for the share market. 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
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by TradeTheStructure
Key Levels and US Market Review for the Asian session open 16/05European and US markets edge higher to end with minor gains after a solid Asian session to start the week. US bulls are remaining on the sidelines for now as the Government once again argue over raising the debt ceiling. Economic data came out weaker than expected in the US again pointing to a slowing economy which I feel will be longer term negative for the share market but good for the end to the rate rising cycle. All in all, the market is not very enthusiastic as US earnings come to an end. Expecting a strong open for the Asian session with the ASX to open flat, Hang Seng to open up 250 points and the Nikkei to open up 200 points. Coming economic data will remain the major focus as traders look to anticipate the end to interest rate rises. I feel that any end will only mean major economies are slowing which I do not expect will be good for the share market...for now, expect more chop. 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
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by TradeTheStructure
Key Levels and US Market Review for the Asian session open 12/05Markets came under pressure again on concern of an economic slowdown. Europe was hit lower with the DAX and FTSE100 looking weak. US data out weighed on the US open to pressure key indexes lower although tech and the Nasdaq remain relatively strong. US data out was mixed with unemployment claims higher and PPI showing strength. The uncertainty sent USD higher and commodities lower with Copper taking a hit. Expecting a mixed open for Asia with the ASX200 to open slightly weaker while the Nikkei and Hang Seng set to open up. If inflation is truly remaining 'sticky', coming economic data will be the major focus and I expect this will translate to choppy markets or further pressure from sellers looking to lock in some gains. 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
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by TradeTheStructure
Key Levels and US Market Review for the Asian session open 11/05Markets came under pressure in European and US trade although there remains some bulls happy to provide support to big tech and the Nasdaq. US inflationary CPI data came out relatively inline with expectations which, to me, highlight the continued 'sticky inflation' concerns. The US futures initially reacted higher to trap some buyers into the US open but then the indexes moved lower and give back the opening gains. I expect that the market will remain tentative as the USD holds major support, and Copper and Oil show concern for global demand. Expecting a relatively flat open for the ASX200 and Hang Seng while the Nikkei is set to open slightly weaker off major resistance. If inflation is truly remaining 'sticky', coming economic data will be the major focus and I expect this will translate to choppy markets or further pressure from sellers looking to lock in some gains. 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
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 9/05European and US markets were relatively tame as traders focus now turns to the CPI data release ahead of the US open Wednesday. The USD found support to move up while Copper and Oil also moved higher on expectations for a lift in demand. Gold edged higher although is showing signs of selling pressure. Expecting a flat open for Asian markets as the Nikkei, ASX200 and Hang Seng were largely rangebound in overnight trading. With stronger economic data comes stickier/resilient inflation so bulls may be getting ahead of themselves as the US Fed will have to think about another rate rise if the CPI continues to show strength. 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
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 8/05Stronger than expected employment data in the US sent bulls into a frenzy and pushed share markets higher into the weekend as recession fears eased. On the flip side, a resilient economy will flow over into inflation and mean that inflation will stay higher for longer and put further upside pressure on interest rates. US Bond yields spiked as to did the USD while Gold nosedived off highs. Copper and Oil found some love from higher expected demand. Expecting a strong open for Asian markets with the ASX200 to open up 70 points, the Hang Seng to open up 130 pts while the Nikkei may open relatively flat thanks to Fridays US market rally. With stronger economic data comes stickier/resilient inflation so bulls may be getting ahead of themselves as the US Fed will have to think about another rate rise if economic data continues to show strength. 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
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 5/05US indexes again came under pressure after European Indexes went lower for the session. Concerns over US regional banks and contagion into the banking sector weighed heavily on the US open. The ECB raised rates by 25 basis points as expected to follow in the footsteps of the US Fed Reserve and the RBA. Traders may be more contained today ahead of the key US employment data just prior to the US open. Expecting a weaker open for Asian markets with the ASX200 to open down 25/30 points, the Hang Seng to open relatively flat while the Nikkei will still have to wait to play catchup as the underlying index is closed until Monday. With Global banks still raising interest rates and economies potentially slowing down, I expect bulls will have life more difficult in the near term. Focus will be on economic data to see how the US economy is fairing. 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
NYMEX:CL1!
by TradeTheStructure
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Key Levels and US Market Review for the Asian session open 4/05US indexes came under fire after the Federal Reserve raised interest rates 0.25%. Expect that Europe will play catchup and see weakness on the open. The Fed have now moved to a data dependant stance and could possibly pause in June if economic data comes in weaker...this is not so good for bulls as it would point to a weakening US economy. Gold punched up into new all time highs after the US close while Oil and US bond yields dumped. Expecting a weaker open for Asian markets with the ASX200 to open down 25/30 points, Nikkei will have to wait to play catchup as the underlying index is closed, and the Hang Seng to open up 25/30 points. With the FOMC statement changed slightly, traders will be focused on economic data and a slowing US economy...so expect to hear the word 'recession' a lot more. 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
NYMEX:CL1!
by TradeTheStructure
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Key Levels and US Market Review for the Asian session open 3/05Major Indexes in Europe and the US came under pressure as traders went risk off. New banking concerns for the US weighed on the action along with worse than expected economic data. Traders will be focused now on the FOMC rate statement to see what the Fed has to say about inflation. Expectations are that the Fed will raise rates 0.25% and potentially signal one more rise....as long as inflation data comes down further. US key employment data out Friday will also be a focus for the remainder of the week. Expecting a weaker open for Asian markets after the selloff into the overnight session. Expecting the ASX200 to open down 35/40 points while the Hang Seng to open down 180 points. With a resilient US economy, sticky inflation is the big issue and also a slowing economy. Traders will be eager to hear what the US Fed has to say in the FOMC statement. 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
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 2/05Major Indexes in Europe were closed while the US ended with minor losses after drifting lower from the open. Manufacturing data out in the US came in stronger than expected which triggered (again) inflation and rate rise talk and saw USD and Bond yields spike. Copper and Oil were higher after the number, on expectations for buoyant demand while Gold pressed back down into support. Expecting a tame open for the Asian session with little lead from overnight markets. The Hang Seng was closed for trading yesterday so expect a choppy open. With a resilient US economy, sticky inflation is the big issue and continues to be a balancing act for the Fed. Traders will now have to deal with rate rise talk which could trigger some profit taking in the near term. 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
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 27/04Major Indexes in the US and Europe moved lower as concerns about the banking sector and contagion (seeing more regional banks come under fire) reared its ugly head again. First Republic Bank dumped 30% after reporting a 40% drop in deposits which pushed the broader market lower while Tech found support after some good earnings beats brought in the bargain hunters. The USD found some buyers through the US session to reverse earlier losses which put pressure on Oil, Gold and Copper. I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed. Traders will now have to deal with recession talk and further banking concerns which will hamper bulls and stoke selloff fears. 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
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 26/04Major Indexes in the US moved lower led by the Nasdaq while Europe is expected to play catchup when they open for the coming session and open weaker. Sentiment turned sour after some key companies either missed the mark on earnings or guided down while economic data came in weaker than expected triggering recession concerns again. The action was 'risk off' which could continue in coming sessions as both Gold and USD rallied on a safe haven bid and Copper and Oil (focused on demand) fell. I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed. Traders will now have to deal with recession talk which will hamper bulls and stoke selloff fears. 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
NYMEX:CL1!
by TradeTheStructure
How to identify a TREND or RANGE market early in DaytradingTrading and Price Action can be broken down into tow simple terms...a 'range bound' market and a 'trend' market. Being able to identify the price action early is key to successful daytrading. In the video I discuss how I like to daytrade Indexes and especially how I look to identify a RANGE or a TREND market. As there really is only TWO WAYs to trade....ie/ reversion to the mean or continuation trading...it is important to identify the market conditions early to get on the right side of the market and take full advantage of a move up or down. I discuss my basic approach to trading and what I look for to identify the market conditions. I talk about my trading style and general entry criteria. Any comments or questions welcome below.
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by TradeTheStructure
Key Levels and US Market Review for the Asian session open 24/04Major Indexes edged higher Friday into the weekend with both Europe and the US posting minor gains. The US had economic data out that came in stronger than expected and sent US Bond Yields higher to add further fuel to the interest rate rise narrative. Share market traders have been in a holding pattern awaiting a big week of earnings this week in the US as some big tech names will release results and guidance. Expect that the tug of war between good and bad economic and earnings data will continue to see tough markets this week. Longer term, I still feel that share markets are looking heavy and expect to see some risk off moves or at least the market to cap bullish moves. I either expect sticky inflation or expectations for a recession to weigh on markets. I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed. Traders are continuing to anticipate the end to the rate rising cycle and may be wrong again. If the Fed stops too soon, then shares will rally and put pressure back on 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
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 20/04Major Indexes were generally flat to lower both in Europe and the US as traders digest the UK CPI print and what may be in store for US inflation. The UK saw core CPI out at 6.2% vs 6.0% expected which is unchanged from the previous release. The BOE will not be happy with the figure as inflation remains high and they will need to raise rates further. This sets up for an interesting US FOMC in a few weeks as US CPI shows sticky inflation. Longer term, I still feel that share markets are looking heavy and we may see some risk off moves which will pressure major indexes lower in the near term. I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed. Traders are continuing to anticipate the end to the rate rising cycle and may be wrong again. If the Fed stops too soon, then shares will rally and put pressure back on 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
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 19/04Major Indexes were again relatively flat with earnings weighing on US markets while Europe grinded higher. The USD moved lower from the start of the Asian market session which supported commodities, namely Gold, while US short term bonds continued lower as yields edged higher. I expect the Asian markets to have a muted open with the ASX200 to open flat and HSI slightly lower and potentially see more of the same chop as the previous session. Longer term, share markets seem to be getting a little heavy so we could see another good swing lower as traders take some risk off the table. I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed. Traders are continuing to anticipate the end to the rate rising cycle and may be wrong again. If the Fed stops too soon, then shares will rally and put pressure back on 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
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 18/04Major Indexes were relatively flat overnight as traders digest US earnings and the continued rally into Bond yields. Inflation remains the main focus along with Company Guidance over the coming weeks. The USD continued the move up which pressured commodities and USD denominated currencies. For now, traders are happy to remain risk on into shares although they are unwilling to add further risk into portfolios which to me suggests a swing lower....especially if yields continue higher. I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed. Traders are continuing to anticipate the end to the rate rising cycle and may be wrong again. If the Fed stops too soon, then shares will rally and put pressure back on 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
NYMEX:CL1!
by TradeTheStructure
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
NYMEX:CL1!
by TradeTheStructure
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
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by TradeTheStructure