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Tradewars

THE BIG EIGHT: Where is the world heading?In this screencast I review 8 important markets. There are some common levels and patterns of price movements. The India50 is the odd man (woman) out. The forecast of a global recession has been made (not by me). This is related largely to global debt now standing at around $233 TRILLION US-Dollars and debt in America currently around $22 Trillion US-Dollars. The picture is complicated by trade tensions, political and other macroeconomic events. Our inheritance is will be the result of a decade of ultra-low interest rates and quantitative easing (aka printing of money), now complicated by global geopolitical and macroeconomic issues. Stock markets (and related indices) have a complex but important relationship to the Forex markets.
FX:US30Education
by Captain_Walker
GNC TradeI posted my first trade on TradeView a couple of weeks ago. I wrote a short article somewhat explaining the fundamentals and technical analysis for owning the stock. The stock is up about 30% since the recommendation. Now that we are up 30% where do we go from here? The stock price has clearly hit a weekly 50 day moving average. This is usually a price target where the trading is triggered either up or down. Deciding whether this move is a trade higher to lower depends on more long term charts such as the Monthly chart where I will post in another post.The way to trade the stock would be to sell either half or all of the stock. The reason is because U.S and China trade war worries. I wouldn't make a solid long term position until trade wars ease. However, trading the stock could be beneficial. Selling on the 50 Day Moving average will lock in a 30% gain and could be on its way down because of trade war tensions. I will upload another post when I see a better entry point.
G
by bugzy300
WMT Bottom Facing All-Time High and Trade WarsWMT has been in a bottoming formation most of this year. The big gap up was HFTs taking advantage of those who trade on earnings news. Notice how quickly profit-taking follows. The all-time high is strong resistance. Walmart is one company that is stating it will face revenue and earnings problems due to the Trade Wars and new Tariffs on the Chinese goods it imports. Since this is a discount retail store, the tariffs will eventually force the company to either find another country to import goods from or raise the cost of its imported goods, which is a far more likely scenario. That means US consumers who buy products from Walmart will start to see an increase in the cost of any products or goods imported from China. This could take effect as early as this holiday season. WMT may try to delay some cost increases until next year, but the increase in import costs will be passed onto consumers at some point.
NYSE:WMT
by MarthaStokesCMT-TechniTrader
Planning for Friday Selling USDCADI have already posted my US Dollar bullish option for tomorrow which is based on good US data and an increase in trade war noise. I think that is the most likely outcome but as always in trading, we should look at the best alternative. If the US data is not better than expected and the trade wars do not get going then I like the idea of selling the USDCAD. The technical situation depends on a break of the orange trendline that would suggest the cycle of dollar strength is at an end, the BoC has sounded very bullish of late and I am interested in buying the CAD generally as a result. At the same time as the US releases the NFP data Canada will release its unemployment data giving the opportunity for good Cad news and bad US news, this would be a great time to sell USDCAD, Canada will also benefit if the trade war tension falls as that may well give oil a boost as the global economy is likely to benefit. So here is plan B, you can see plan A by following the link below. If the US wage data is less than 2.8%, Canadian unemployment data is below 5.8% and either the US or China back away from imposing tariffs I will sell the USDCAD risking 2% of equity looking for a significant swing trade.
by SteveTobin