SHCOMP - Bias remains negative Trump continues to escalate the Trade War, now hitting China Mobile.
Chinese bourses are being watched in order to gauge the seriousness
of Trump's moves.
Remember that Tariffs come into place Friday July 6th.
Tradewar
Gold Standstill as Market Sentiment Turns to Risk-offGold has a very strong support near $1.246 today. I will be looking to stay bullish above $1,246 to target $1,252, while selling entry will be preferred below $1,252. Good luck and stay tuned for more updates!
Bulls moving in on Crypto with the help of Trump #tradewar.It was quite an intense week in terms of headlines related to the trade war. The dollar is easing and this inevitably affects the price of BTC.
We can see a strong correlation here between the EURUSD and BTCUSD. The gross majority of Crypto-investors are poised to buy on an upward break and this was maybe just the hint we needed to get back in there and buy. I see the 6400 and then 7800 as major areas of consolidation.
Brace! Avoid being flushed out in the 'Economic Colonic'. In this screencast I show how I attack the US30. It's very different to what you see 'out there'. This is about a robust and real trend-following methodology. And not - I'm not selling anything! WYSIWYG. Totally for free! Everybody deserves a chance.
Reality has come home to the markets - globally. There is a mega trade war on at the moment and it has been for several weeks. The impatient and greedy will lose their money to those who are patient and strategic.
Dow Looking DownAs we come to the EOM, a pretty well defined Monthly bear flag can be seen in the Dow Jones Industrial Average. Alongside this bearish setup, the current trade war is posing a big threat to global economies. Rising interest rates, tax cuts in a growing US economy, trade war threatening growth across the globe, this is not a time to be complacent in my opinion.
Furthermore, take a look at China's primary index (Hang Seng -- HSI) on the Monthly chart. A very similar pattern occurred there before the heavy selloff that we are seeing now in China. Could definitely see some turbulence ahead. But as always, no guarantees.
US Dollar Breaks Out Against Yuan. Yuan to Drop Further. $USDCNH #Yuan #China #TradeWar #CurrencyWar $FXI $EEM
These custom support resistance indicator lines show decent places to enter or exit.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.
If your instrument closes below the Red line, we think about Shorting.
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts).
Find out more. Send Private Mail (PM) to @MasterCharts
STI - Not time to buy yet, but selling isn't a good idea too!As the trade war between US and China intensifies, general markets in Asia get the ripple effect too.
STI has dropped around 5.40% and is now trading around 3300 region.
If you're feeling worried because of this drop, you better be.
If you're feeling happy because now you think you can buy at a cheaper price, you better don't.
Now, why do we say so?
If you're feeling worried and uneasy because of the drop, it just shows that (1) you do not have a proper investment/trading plan to start with, and (2) you do not have the right risk management plan in place. And that's the exact reason why you should be worried.
If you're feeling excited to hop onto a trade or invest now, hold your horses. The time isn't right yet. Be patient. Wait for at least a sign of price bouncing before entering :)
Our bias remains to the upside for the general equities market at the moment. Our macro analysis is still showing room for the markets to rally. Perhaps for the last wave up between 2018 to 2019.
After that, we might eventually see the long-waited "clearance sales" in the equities market. When that happen, it will be a shopping spree for many well-prepared traders and investors.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
S&P going downHello,
I think we have a bear goingon for S&P and these trade wars are going to make matters worse... I think it is going down on the daily.
Appreciate all the likes and comments!
Best of luck!
AUDUSD - Bearish Bias in playJust like AudJpy, even AudUsd is a victim of Trump's trade war games.
Bias remains short below 7420. Key targets highlighted.
Bombardier_(TSX:BBD.B)_July_17_2018For those of you considering shorting Bombardier, I think there is still some upside left or atleast the time is not yet ripe to short the stock just yet. Granted, that based on historical performance (atleast the past 5 years) the stock has reached close to all time highs (since about 2012). Furthermore, the $5.00 mark seems to act as a key resistance level which the stock is having trouble breaching through.
However, as traders we should focus more on logic and less on intuition for better overall portfolio performance. An analysis of the Moving Averages(MA) indicate the the stock is in a uptrend. The price is above the MA, the short MA has crossed the long MA and both MA have an upward trend. In addition, the Accumulation-Distribution (AD) also has an upward trend.
With news that the partnership with Airbus has been formalised, their new line of business jets about to enter service and the train division doing well it would be unwise to short the stock until and unless the trends indicate otherwise. The greatest risk to the company is its large debt that will act as a huge burden in a rising interest rate environment.
With relations souring between USA, Canada and Europe, BBD.B is going to receive additional support from the Canadian government. Also Canadian and European Airlines are going to be prodded by the government to buy more CSeries Aircraft rather than the competing Boeing 737's. With Airbus coming into the fold and marketing the CSeries as one of their aircraft (as it has been rumoured), Bombardier seems to be well positioned to sell more planes. How much of that profit is going to go to BBD.B is a question for another day.
My prediction is that the stock is going through a period of consolidation. If you hold the stock then do not sell just yet but depending upon your risk profile you may want to determine a good exit point in case the stock price indeed goes south. If you are yet to buy the stock, this consolidation might be a good time to buy but you want to set your stop loss at a appropriate level so that you do not lose a huge portion of your capital.
Weibo - $WB - Nice Dip, seeking newsWeibo ($WB) looks to be in a nice dip at the moment. I'm awaiting news regarding the trade situation with the US / China and that will determine the future of my decisions. It is trading below the 255 day linear regression 2x standard deviation line currently, and looks to have possibly formed a double-bottom.
Bullish Pitchfork on the Commodities MarketI assume this isn't news to most of traders while I write this, but macro-economically Commodities are a buy. Having been beaten down over the last 5-years the broad basket is on the rise. Anchored by rising oil prices, increased flight to fear (gold, silver), and the presence of an emerging inflationary pressure. In this chart, there is an evident bullish trending pitchfork pattern and as of 05/22/2018 the price is approaching a significant resistance that hasn't been breached since 2015. This resistance aligns itself conveniently with the $10 mark, possibly a psychological barrier. Based on the current trend and the practically undeniable bullish fundamentals, there are two directions to expect on this chart.
1) Cross the $10 threshold and the median line of the pitchfork, continue on a bullish trend above the median for 2-3 months
2) Bounce on the $10 resistance correct to about $9.5 on the lower trend of the pitchfork and continue a bullish trend below the median for 2-3 months
*These predictions are all contingent on the bullish fundamentals holding ground.
Risk: Interest rate, recessionary, trade war
Catalysts: Inflation, natural disaster, productivity increases
#miniSP500 Resistances levels to watch in a cold war risk?ALL TALK? NO ACTION? SPX SP:SPX
1) American indices SP:SPX YM NQ broke out thru the falling triangle today but still waiting to see the close.
2) Volatility is low now but you know what happenned with bad news #Trump #Tariffs #TradeWar #ColdWar
3) Above the downtrend line (yellow), still remains 3 interesting resistances: 50 EMA , 100 EMA & 38.2% fibonacci (2663), this next sessions will not be easy
Careful to be too optimistic there are strong resistance levels, sentiment is not total consolidated and many doubts about NEW issues: Trump, geopolitical risk, Syria, Russia, Cold War.
Big picture:
Thanks Wall Street, I have come back #HODL #BTCUSD BTCUSD BITFINEX:BTCUSD COINBASE:BTCUSD CEXIO:BTCUSD
MAKE IT SIMPLE. In spite of the infinity of tools and so many analyzes that seem spectacular, in the end are useless.
BTC
Wall street still waiting for SPX ES1! consolidation, not the best moment to take position, sentiment is not good and many doubts about NEW issues: Trump, geopolitical risk, Syria, Russia, Cold War.
Good moment to consider alternative markets or another options although difficult to decide because these matters affects entire economy, even cryptocurrencies #BITCOIN BTCUSD are on the list of alternatives, who'd say it.
Positive points: Volume have come back, downtrend cartel's line is not resisting anymore and looking to overcross some importance resistances (EMA50, EMA100, SMA200) and important daily stochastic intersection.
Dear establishment, welcome:
www.bloomberg.com
www.businessinsider.com
www.coindesk.com
www.reuters.com
www.reuters.com
Resistances levels to watch in a new trade war day #miniSP500SP:SPX ES1! SP1!
ALL TALK? NO ACTION?
Supports levels had worked and futures ended in positive territory yesterday, after all many experts believe that these announcements of #TradeWar are a door to open negotiations or the real effects of these anouncements will take some time, but will see.. take a look of these points:
1) $spx SP:SPX Could broke out thru the falling triangle today.
2) All support becomes resistance, actual 20 EMA (2666) is the closest resistance level to observe.
3) Yesterday at the session end, futures indices closed in positive territory ES1! and still continue, careful to be too optimistic there are strongest resistance levels.
4) Volatility is 20 now but you know what happenned with bad news #Trump #Tariffs #TradeWar
5) Above the 20 EMA (2666 PINK), still remains 3 interesting resistances: 50 EMA, 100 EMA and the falling triangle which is strong (yellow).
It seems that everything is still announcement of actions, governments don't want a #TradeWar, there is a expectation for negotitions.
This is still a political situation, many of these announces are a pressure strategy to OPEN a negotiation or it can get worse or even stop, is a dynamic issue to review continuously.
Big picture=
The support levels to watch in a new trade war day #miniSP500SP:SPX SP1! ES1!
ALL TALK? NO ACTION?
Complex battle continues and still is not a clear direction, economies collapsing?... not yet, take a look of these points:
1) Actual 200 DMA of ES1! is 2590 (PINK).
2) All support becomes resistance, but actual 200 DMA (2590) had been crossed over many times.
3) Yesterday at the session end, futures indices closed in positive territory and after China & Usa announced new tariffs, futures indices have going down.
4) Below the actual 200 DMA (2590 PINK), still remains 2 interesting supports: April 1 low (2552) and February lows (2530) {PURPLE}.
5) Negative session, negative day maybe a negative week for almost all markets with all this goverment announces.
6) European indices down but does not fall with the strength of the American indices, futures remain negative and expecting to Bearish sentiment in American open.
7) High volatility and many bad news is not a good combination for a long terms trading, a day for intraday small trades, with many stop loss and limited orders.
8) At the end, everything is still ANNOUNCEMENT of actions, likewise all this is reversed if one of the 2 governments announces that they have opened negotiations ... so I would not be so confident to open short positions either.
[9) The real effects of these actions announced we will see in a month at least, especially because it can get worse or even stop, is a dynamic issue, review continuously.
10) This is still a political situation, many of these announces are a pressure strategy to OPEN a negotiation, at the end, goverments want the best for his own benefits.
War zone analisys: All is still not lost! 200 DMA ES1!SP:SPX ES1! SP1!
BE CAREFUL, IT'S NOT ALL BEARISH , STILL REMAINS BULLISH SENTIMENT, MIXED OPEN
Complex battle is coming and still is not a clear direction, take a look of these points:
1) Actual 200 DMA of ES1! is 2589 (PINK)
2) All support becomes resistance, in the last 12 hours ES1! had touched at least 2 times the 2589 support
3) Yesterday obviously all indexes with RED indicators, but at the close we had a interesting return and away of minimum of the session
4) Below the actual 200 DMA (2589 PINK) ES1! , still remains 2 interesting supports: yesterday low (2552) and february lows (2530) {PURPLE}
5) It was expected that yesterday at the time of breaking the 200 DMA ES1! , the indexes won't had a dramatic greater drop reaching levels of 2000 points in the SPX SP:SPX , this did not happen, on the contrary we closed with a return.
6) European indices down but does not fall with the strength of the American indices, futures remain positive for today's opening, so we expect a slightly flat day, given the uncertainty.
7)Today is expected a tough battle that will leave many losers, it is best to stay out of the American markets and opt for markets like the European that has found good support and not being a contender is not directly affected by the trade war between China and USA.
www.cnbc.com
BAD NEWS for 200 DMA of ES1!ES1!
After resisting several touches during the last month has been maintained and hold, but every time there are more doubts and uncertainty for the accumulation of negatives issues like Facebook, Trump, Amazon, Steel Tariff, China Tariff, Trade War, etc ... too many things in 3 months.
If what remains of 2018 continues like this will not take long to break.
All day once again the eyes of an entire economy put in that support 2589 , this is not the best way to invest ... European Markets open tomorrow an option to invest in the short term... GOOD TRADE
www.bloomberg.com
Trade War Affecting TeslaEvery day I drive by a car shipping port in Richmond, California. When I look by I see whole lots of Tesla's getting ready to be shipped to Asia. Tesla has a big market selling products to Asia and owning a Tesla in Asia is a big status symbol. Yes, the trade war is mostly FUD, but if trump does follow through with the tariffs, Tesla could get hit hard. With the selloff, the market is obviously worried, and they have a right to be. But i don't think the tariff will be enough to put Tesla under. we will really just have to wait and see. If this is FUD, I think we will get a rebound on previous price levels.
HSI at stiff resistance... forming double top?The HSI seems to be forming a double top on a long term chart. RSI has broke its trend, suggesting weakness ahead. Also facing headline risk with trade war noise. Shorting in to strength for a longer-term bearish play.
Big Flag on GOLD - LONG Clear flag pattern on the 1h chart.
! Trade canceled if price breaks below the low flag-limitation !
SHORT NZD/CAD NAFTA MS TRADECAD should outperform NZD over the coming weeks. Constructive NAFTA news suggests that the US may be getting closer to an acceptable agreement with its trading partners, which should lead to a continued re-pricing of the trade risk premium. Risks to a more dovish RBNZ continue, with the new Policy Targets Agreement likely to add a second employment mandate and potentially offer specific language on the currency. Data in NZ also remain uncompelling, including the business PMI and GDP. Positioning also favors the trade, with the market remaining long NZD while CAD sentiment is net bearish. A risk to the trade is a dovish shift from the BoC, leading to CAD weakness. - Morgan Stanley
