Volume Weighted Average Price (VWAP)
Moderately Bullish Intraday on NIFTYRationale:
1) VWAP above ATP yesterday
2) CPR pivots above yesterday's CPR
3) Market opened flat and slightly positive
Tracking on multiple timeframes Intra day
Entry points - There are 2 possible entry today
Go Long
1) Above H4 Camarilla at 14734 , SL at H3
If market corrects mid day
2) Buy at yesterday's ATP for target at H3.
Keep tight SL. I dont expect a broad ranging day.
VWAP MODIFIED TO SHOW BUY AND SHORTVWAP indicator is a price and volume indicator which has been modified t suit every time chart and give Long and short signals very fast
BREAKDOWN OUT OF BEARISH RISING WEDGEi believe we may have had our blow off top and a correction has been due after all time new highs daily, acording to my new (10xbitcandles fantastic 4 strategy) * u can find my new strategy on my you tube,with full detailed tutorial and screenshots of using it on real trade, its under same name, sorry i cant leave no links, .... all signals have crossed on the 4h time frame, the (MACD) (RSI) (VWAP) AND (PSAR) those are the fantastic 4 indicators used and all you need to buy/sell, take a long/short entery and exit, as well as i have 5 golden rules when using my strategy, looking at my chart you can see all indicators have crossed and signaled bearish, we have broken downward out of the rising wedge pattern, my VWAP the most important signal in this strategy has fallen into bearish territory as i drew out trend lines for the hh-ll and it has breached the( LL) lower low, so i have put in a short position at 51,400 and stop at 52,300 just outside the upper part of wedge, and take profit using the (ATR) i use a 1 ATR on the (DAILY) pip and most times i do use the ATR for my stop losses as well and use 1.5 ATR on the (4H) , anyway one of my golden rules is to never use high leverage unless you are very experienced trader, never if a newbie as it is the single #1 that gets you REKT. anyway looks like a correction and maybe seen a blow off top but with the wild west of bitcoin and its bipolar swings u never know if it will just turn on a dime and move higher today since we left off on a (HH) higher high and most times i do not take a position until bitcoin has broken trend so would look for in this case a (LH) lower high, i use the (HH-HL-LL-LH) in my trading decisions and strategy, as you may see the ZIG ZAG on chart, another indicator that is used with my fantastic 4 is also (VMA) VOLUME MOVING AVERAGE, always make sure you keep a eye on any high volume spikes in the opposite direction of your trade, there are scam wicks and pushed up volume from whale manipulation aswell as the exchanges bots/algos have been known to trade against its users, so look out for quick spikes of volume in opposite direction and when taking trade always make sure the volume is in tandum with your position so when long make sure bullish volume and vise versa.
USD/CHF - Intraday TradingNot a wide trading range. most likely will see some consolidation between the to Buying and Selling Imbalances.
POI - Strong buy-side interest at 0.88837
POI - Strong Sell-side interest at 0.89034
Currency Strength Comparison -
Strong: USD & CHF
Weak: N/A
delta: +8.54
#CHF #USD #USDCHF #FOREX
Anchored VWAP from the previous $BTC highThe best thing I ever got for Christmas was a free point-and-click anchored volume weighted average price tool in the TradingView toolbar last year.
I use blue vwaps anchored to the previous high to show the magic moments(s) when buyers collectively from that point go underwater.
Sometimes you feed the ducks.
Sometimes you be the duck.
Go Ducks!!
November 1 Market Update | Technical, Fundamental, NewsDescription:
An analysis for the week ahead.
Points of Interest:
Two-Day Balance, 100% Retracement Level And LVN Below $3,200.
Technical:
Broad-market equity indices ended the week lower with S&P 500 retracing nearly 100% of the rally that began after the September sell-off.
During Last Week’s Action: Alongside a materialization of the Federal Reserve's growth risk factors -- a lack of fiscal support, resurgence of the COVID-19 coronavirus, as well as a tightening of financial conditions -- U.S. index products showed increased confidence in their exploration lower.
Going back, last week started off with a clear break from balance and acceptance below the October 22 excess low, which suggested a change in directional conviction. The selling intensified, after a failed response at the $3,370 high-volume concentration, and continued into Friday’s close, through the $3,330 level, which marked the upper boundary of a low-volume concentration, initially formed by upside directional conviction.
Given Friday’s end-of-day rotation, away from value, the week ended within a two-day balance area, providing a clear trading framework for the week that follows. Therefore, if participants were to initiate and spend time outside of the balance area, then it's likely the market will continue in that particular direction. Otherwise, prices will remain range-bound, favoring short-term, responsive trade.
Fundamental:
Alongside a resurgence of the COVID-19 coronavirus, in a commentary, Bloomberg discussed the notion that the fear of COVID-19 is more impactful on the economy. In support is the following statement by Variant Perception, an independent economic research provider. bloom.bg
“As long as policymakers and the media present a more alarmist view of the virus’s impact than can be justified by a dispassionate analysis of the data, recoveries will continue to stutter. On the other hand, an easing of the fear portrayed would likely allow recoveries to accelerate at a much faster rate.”
Continuing, Moody’s Capital Markets Research finds that medical professionals claim a second COVID-19 wave will not exact the same toll on hospitalizations and deaths. bit.ly
With that, Bloomberg adds that the focus on mandatory lockdowns is overdone since the mere idea of catching the deadly virus invokes voluntary social distancing, which has a greater impact on mobility than the lockdowns. This is validated by IMF data which found that the lifting of the lockdowns generally had a more limited impact than imposing one.
As a result, Variant Perception suggests that negative coverage of COVID-19 be lightened.
Key Events:
Monday: Markit Manufacturing PMI, ISM Manufacturing, Construction Spending, Presidential Election.
Tuesday: Factory Orders.
Wednesday: MBA Mortgage Applications, ADP Employment Change, Balance of Trade, ISM Non-Manufacturing Business Activity, ISM Non-Manufacturing Employment, ISM Non-Manufacturing New Orders, ISM Non-Manufacturing PMI, ISM Non-Manufacturing Prices, EIA Cushing Crude Oil Stocks Change, EIA Distillate Stocks Change.
Thursday: Continuing Jobless Claims, Initial Jobless Claims, Fed Interest Rate Decision, Fed Press Conference.
Friday: Non-Farm Payrolls, Unemployment Change, Average Hourly Earnings, Average Weekly Hours, Nonfarm Payrolls Private, Participation Rate, Wholesale Inventories, Consumer Credit Change.
Recent News:
The U.S. faces the biggest week of 2020 with the election, Fed, and jobs report. bloom.bg
High-yield spreads are showing a muted response to ultra-high equity volatility. bit.ly
Independent traders doubt new lockdowns in Europe will lead to a further oil rout. bloom.bg
BlackRock Inc (NYSE: BLK) will benefit from its 2021 ETF expansion in Brazil. bit.ly
Chevron Corp (NYSE: CVX) and Exxon Mobil Corp (NYSE: XOM) cut spending. reut.rs
Honeywell International Inc (NYSE: HON) profit beats as cost cuts soften sales hit. reut.rs
The October equity market sell-off anticipates a meaningful drop in business sales. bit.ly
Tech companies will have to explain how algorithms work under a new EU ruling. reut.rs
Johnson & Johnson (NYSE: JNJ) plans to test its COVID-19 vaccine in ages 12-18. reut.rs
Cboe Global Markets Inc (BATS: CBOE) tops profit views as retail activity supports. reut.rs
Under Armour Inc (NYSE: UA) sees demand for sneakers, masks driving revenue. reut.rs
Walmart Inc (NYSE: WMT) unit Sam’s Club and DoorDash team on medicine delivery. reut.rs
Joe Biden’s clean-energy ‘revolution’ faces challenge to match fossil-fuel jobs, pay. reut.rs
U.S consumer spending beats forecasts; worries over decreasing government money. reut.rs
Federal Reserve cut loan minimums, easing terms for Main Street Lending Program. reut.rs
Key Metrics:
Sentiment: 35.3% Bullish, 29.4% Neutral, 35.3% Bearish as of 10/28/2020. bit.ly
Gamma Exposure: (Trending Lower) -78,315,991 as of 10/30/2020. bit.ly
Dark Pool Index: (Trending Neutral) 43.6% as of 10/30/2020. bit.ly
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me.
In no way should this post be construed as investment advice.
USDJPY Local S/R| VWAP Support| Swing Low| Rang Mid| PA Evening Traders,
Today’s Analysis – USDJPY- Trading above Local S/R, back test will confirm the level as support.
Points to consider,
- Price Action Impulse
- Local S/R Support (.382 Fibonacci & VWAP Confluence)
- 200 MA Resistance
- Oscillators Neutral
- Increasing Volume
USDJPY’s immediate price action is impulsive above Local S/R, this allows us to have an immediate bullish bias.
The Local S/R is in confluence with the .382 Fibonacci and VWAP, a bounce here is probable.
The current 200 MA Resistance is holding price down, breaking this will make the immediate target range mid.
Both Oscillators are currently neutral, remaining in their bullish control zones shows immediate strength in the market.
The volume profile is increasing, this needs to sustain for continued follow through in price action.
Overall, in my opinion, USDJPY is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
In trading, everything works sometimes and nothing works always.”
September 27 Market Update | Technical, Fundamental, NewsDescription:
An analysis for the week ahead.
Points of Interest:
$3,200 High Volume Area; Friday’s Divergence From Value; Balance Area.
Technical:
Broad-market equity indices ended lower with the S&P 500 correcting as low as $3,200.
Recapping last week’s action, Monday's test of the $3,200 high-volume area offered responsive buyers an opportunity to get in at favorable prices. Buying continued through Tuesday, before resisting an area of resting liquidity at $3,300.
After disappointments in business activity data and stimulus talks, on heavy-volume and supportive delta, Wednesday's liquidation erased the entire week’s gains. Alongside improvements in home sale data, mega-caps and technology led the market higher, through Friday's close, away from value.
Overall, in the bigger picture, the market is churning above $3,200, the site of a large high-volume area which denotes the market’s recent perception of value. When prices trade to a high-volume area, on a swing up auction, then trade should slow allowing responsive longs a good place to enter. Should prices trade and spend time below this area, then perceptions have changed and longs are no longer favorable, at least in the near term.
Scroll to bottom of document for non-profile charts.
Fundamental:
John Authers, a Bloomberg columnist, suggested gold is falling due to rise in real yields.
“When real yields rise then gold, which pays no income, can be expected to fall. This is true even if real yields are rising from deeply negative territory. To explain the intuition behind this, gold is widely regarded as a hedge against central banking irresponsibility. Recent speculation is that the Fed may not print money and cut rates with quite the gay abandon that had been assumed. This may or may not be good news for the U.S. economy, but it raises real yields and for investors in gold and in risk assets, who might benefit from currency debasement, it is definitely bad news.” bloom.bg
Simply put, the theory that the Federal Reserve exhausted itself has buoyed real yields, which have an inverse relationship to metals.
Key Events:
Monday: Fed Mester Speech.
Tuesday: Goods Trade Balance, Fed Williams Speech, Fed Harker Speech, CB Consumer Confidence, Fed Williams Speech, Presidential Debate.
Wednesday: MBA Mortgage Applications, ADP Employment Change, GDP Growth Rate, Core PCE Prices QoQ Final, Corporate Profits, GDP Price Index, PCE Prices QoQ Final, Pending Home Sales, EIA Cushing Crude Oil Stocks Change, EIA Distillate Stocks Change, Fed Kashkari Speech, Fed Kaplan Speech.
Thursday: Core PCE Price Index YoY, PCE Price Index YoY, Continuing Jobless Claims, Core PCE Price Index MoM, Initial Jobless Claims, Jobless Claims 4-Week Average, PCE Price Index MoM, Personal Income MoM, Personal Spending MoM, Markit Manufacturing PMI Final, ISM Manufacturing PMI, Construction Spending MoM, ISM Manufacturing Prices, Fed Williams Speech.
Friday: Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings MoM, Average Hourly Earnings YoY, Average Weekly Hours, Non-Farm Payrolls Private, Participation Rate, Fed Harker Speech, Michigan Consumer Sentiment Final, Factory Orders MoM, Michigan 5 Year Inflation Expectations Final, Michigan Inflation Expectations Final.
Recent News:
Fed publishes scenarios for the second round of 2020 stress tests, a credit positive. bit.ly
Sea level rise increases credit risk for U.S. coastal states and local governments. bit.ly
Airlines are calling for COVID-19 coronavirus tests before all international flights. reut.rs
Intel Corporation (NASDAQ: INTC) gets U.S. licenses to supply to Huawei. reut.rs
China air force video appears to show a simulated attack on U.S. base on Guam. reut.rs
How secular shifts will force the U.S. commercial real estate market to adapt. bit.ly
Government aid and stock gains pushed U.S. wealth to pre-pandemic levels. reut.rs
As U.S. business activity loses momentum, home price inflation accelerates. reut.rs
JPMorgan Chase & Co (NYSE: JPM) to pay nearly $1 billion in spoofing penalty. reut.rs
Higher inflation regime in medium term after decade of persistent undershooting. bit.ly
A jump in U.S. coal railroad volumes, 2021 forecasts are driving up sentiment. bit.ly
Global banks seek to contain damage over $2 trillion of suspicious transfers. reut.rs
Amazon Inc (NASDAQ: AMZN) pushes security with indoor drones, car alarms. reut.rs
Crude, product prices diverge as market looks to U.S. stimulus, COVID situation. bit.ly
IEA analysis of innovation in batteries and electricity storage, based on patent data. bit.ly
U.S. upgrades accounted for three-fourths of affected debt in the latest period. bit.ly
Hedge funds see opportunity in the New York, San Francisco apartment markets. reut.rs
Low interest rates create pension and investment challenges but lower debt costs. bit.ly
China is on course for record LNG imports as industries recover and expand. reut.rs
General Electric Co (NYSE: GE) plans to stop making coal-fired power plants. reut.rs
COVID ‘firepower’: Britain imposed six month curbs against a second virus wave. reut.rs
Microsoft Corporation’s (NASDAQ: MSFT) acquisition of ZeniMax credit positive. bit.ly
Bombardier Inc’s (OTC: BDRBF) agreement to sell transport unit credit negative. bit.ly
Coronavirus resets Latin American economies at lower base, driving asset risks. bit.ly
California banning sale of new gasoline-powered passenger vehicles in 2035. reut.rs
Data is suggesting that splits fundamentally change how stocks perform. bit.ly
The corporate bond issuance boom may steady credit quality, on balance. bit.ly
Per earnings and interest rate forecasts, valuations not supported fundamentally. bit.ly
Data expected to confirm sentiment eased across most European countries. bit.ly
Wary buyers and softer foreign demand, likely raised Japan’s unemployment rate. bit.ly
On balance, 2020’s bond issuance boom enhanced overall financial flexibility. bit.ly
Demographics and the rising cost of funding retirement may affect valuations. bloom.bg
Key Metrics:
Sentiment: 24.9% Bullish, 29.1% Neutral, 46.0% Bearish as of 9/23/2020. bit.ly
Gamma Exposure: (Trending Lower) 1,152,474,010 as of 9/25/2020. bit.ly
Dark Pool Index: (Trending Higher) 42.2% as of 9/25/2020. bit.ly
Product Snapshot:
S&P 500 (ES): TVC:SPX AMEX:SPY TVC:NDX NASDAQ:QQQ TVC:RUT AMEX:IWM
Gold (GC): AMEX:GLD AMEX:GDX TVC:GOLD
Crude Oil (CL): TVC:USOIL AMEX:USL AMEX:DBO AMEX:USO
Treasury Bonds (ZB): NASDAQ:TLT
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me.
In no way should this post be construed as investment advice.
APPLE 3 Possible Scenarios$AAPL I see following possible scenarios:
1. (GREEN) Today was a perfect bounce off 15 EMA ~$105 on Weekly chart. Price could move higher to ~$135 using this strong historical support as a "trampoline"
2. (ORANGE) Today was a dead cat bounce witnessed on support weekly ~$105 support only for possible lower moves to $80-$90 support range in near future
3. (RED) Today was fake out and we continue downward slide to $80-90 support area.
I think scenario 1 is the most likely to play out and I have bought the recent dips. Of course anything can happen and that's why its important to manage risk and set stop losses.
Let me know what you guys think! Discussion and hearing other view point is great. NASDAQ:AAPL
exponential VWAP - Volume Weighted Exponential Moving Average Sometimes appears that price and therefore traders are reacting to the daily exponential VWAP (yellow and black banded line) as opposed to the regular daily VWAP (green line). Actually it is Volume Weighted Exponential Moving Average so perhaps it should be VWEAP. jayy
August 1 Market Update | Technical, Fundamental, NewsDescription:
An analysis for the week ahead.
Points of Interest:
February Gap Zone; Uninspiring Upside Participation; Divergence Between Value And Price; ATH.
Technical:
Broad-market equity indices held onto recent gains, evidenced by the absence of directional surprise.
Recapping last week’s action, on Monday, after the prior week’s action brought the S&P 500 back to its monthly VWAP and $3,190, an area tested multiple times, participants sold the market further to Friday’s most traded price, as is usual, before impulsing higher, through the resting liquidity at $3,230, on upbeat economic news and stimulus hopes.
On Tuesday, the S&P 500 attempted to eat into the poor structure left from the July 23 sell-off, prior to allocating to safety on underwhelming quarterly earnings in the European session. For the remainder of the American session, the S&P traded responsively and lower, with delta, into the close as U.S. fundamental data weakened. Intermediate-term buyer’s remained in control on Wednesday as the S&P walked it’s way higher, albeit on poor structure and participation, as the Federal Reserve reiterated a pledge to support the economy and positive earnings updates.
On Thursday, after a gap down on more dismal earnings data from Europe, the S&P took a shot at some resting liquidity in the $3,200 area, prior to putting in an excess low and trading higher, behind the Nasdaq, to and through a prior low-volume area. On better than expected economic and fundamental releases out of the United States, the S&P continued its trek higher Friday, squeezing into the close, ahead of value.
Despite blow-out earnings, equity indices are showing signs of exhaustion, evidenced by the uninspiring upside participation. Overall, the market appears to be digesting upside moves through time, sending mixed signals to directional traders. Moving forward, attention should be paid to upside follow-through by small-caps, energy, and financials, among other parts of the broader market.
Scroll to the bottom of this document for non-profile charts.
Key Events:
ADP Employment, Challenger Layoffs; Weekly Unemployment Claims; ISM Indices; ISM New York Business Conditions; Construction Spending; Home Prices; Vehicle Sales And Prices. tmsnrt.rs
Fundamental:
S&P 500 companies have beaten earnings estimates at a higher pace. bit.ly
Blow-out earnings show tech dominates as 10% of jobs may never return. on.mktw.net
ECB extends dividend ban despite banks’ resistance to COVID-19 effects. bit.ly
Rates will remain near the zero bound for many years to come. bloom.bg
As GDP tanked, personal income grew thanks to government support. bit.ly
U.S. specialty stores have been hit hard with downgrades. bit.ly
Fiat Chrysler Automobiles NV (NYSE: FCAU) limits losses, sees better second half. reut.rs
Ford Motor Company (NYSE: F) to defer quarterly payments on retooling loan. reut.rs
Outlook for U.S. value stocks looks uncertain in light of cloudy economic picture. reut.rs
Poll shows global funds favoring bonds over stocks on surging coronavirus infections. reut.rs
U.S. consumer spending presses ahead; declining income poses challenges. reut.rs
Trump to sign an executive ban on TikTok amid pressure on Chinese owner to sell. reut.rs
China accounts for nearly one-quarter of Tesla Inc’s (NASDAQ: TSLA) revenue. tcrn.ch
Microsoft Corporation (NASDAQ: MSFT) in talks to buy TikTok’s U.S. business. tcrn.ch
Tech stocks may be growing at the expense of others, or the economy itself. bloom.bg
Congressional Testimony: Lawmakers question big tech about competition, startups. bit.ly
Benchmark yield dips; convexity-hedging would accelerate a decline in yields. bloom.bg
The public’s view of almost every industry improved since the beginning of the virus. bit.ly
Exxon Mobile Corporation (NYSE: XOM) struggles to reverse failed bets. reut.rs
Renters owe $21.5B in back rent; Republicans and Democrats fight over relief. reut.rs
Moderna Inc (NASDAQ: MRNA), Pfizer Inc (NYSE: PFE) start COVID-19 trials. reut.rs
Big tech must take relative market cap from other sectors to keep growing. bit.ly
Fed chief says coronavirus surge is slowing U.S. economic recovery. reut.rs
General Motors Company (NYSE: GM) to pay off loan if recovery continues. reut.rs
Fed buying spree could move to long end of yield curve, analysts say. reut.rs
eBay Inc (NASDAQ: EBAY) classifieds sale not a big hit to revenue. bit.ly
Intel Corporation (NASDAQ: INTC) guidance and delays are credit negative. bit.ly
Goldman Sachs Group Inc (NYSE: GS) DOJ investigation remains open. bit.ly
Hurricane Douglas heads toward Hawaii, threatening losses for insurers. bit.ly
Virus surge and the expiration of relief measures imperil economic recovery. bit.ly
August the best month for the dollar and volatility, worst for bonds. bloom.bg
Second COVID-19 wave forces new travel curbs around the globe. reut.rs
Reported cases and fatalities fell in states hard hit by the coronavirus. bloom.bg
Rural small businesses may not survive another coronavirus shutdown. bit.ly
The housing market defies expectations amid economic turmoil. politi.co
Far more investors are opting to take physical delivery when gold contracts end. bloom.bg
Good performance in one period does not predict outperformance in another. bloom.bg
The U.S-China cold war would redirect energy flows, alter global supply chains. reut.rs
China is buying American but not enough to hit the trade deal targets. bloom.bg
Managing the dynamic reduction in the Fed’s balance sheet over time. bit.ly
Plentiful evidence that the resurgence of COVID-19 has choked the recovery. bloom.bg
Boeing Co (NYSE: BA) slashed production of its biggest twin-engined jets. reut.rs
Sentiment: 20.2% Bullish, 31.3% Neutral, 48.5% Bearish as of 7/29/2020. bit.ly
Gamma Exposure: (Trending Lower) 2,520,246,115 as of 7/31/2020. bit.ly
Dark Pool Index: (Trending Higher) 45.4% as of 7/31/2020. bit.ly
Product Snapshot:
S&P 500 (ES): AMEX:SPY TVC:SPX
Nasdaq 100 (NQ): NASDAQ:QQQ TVC:NDX
Russell 2000 (RTY): AMEX:IWM TVC:RUT
Gold (GC): AMEX:GLD AMEX:GDX
Crude Oil (CL): AMEX:USO AMEX:USL AMEX:DBO
Treasury Bonds (ZB): NASDAQ:TLT
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me.
In no way should this post be construed as investment advice.
NZDCAD | DAILY SESSION | SHORTLooking for a continuation down based on the weakness of the CAD. Will also need to monitor the AUD to ensure it is strong for the session.
Big Picture View
Strong: NZD
Weak: CAD
This trade is valid until 29/06/2020 @ 9 pm BST.
Follow me on Tradingview or DM in the chat.
Don't forget to hit the like button
🐉 HAPPY TRADING 🐉
June 28 Market Update | Technical, Fundamental, NewsDescription:
An analysis for the week ahead.
Points of Interest:
Gap Above 78.6% Retracement; 100% Projection And VWAP Anchored From 3/23 At $2,850; Balance Below $2,975.
Technical:
Broad-market equity indices resolved a week-long balance area to the downside, albeit under weak selling. The S&P 500 managed to one time frame lower, as evidenced by the lower highs and lows, and closed the week off below its month-to-date and week-to-date volume weighted average price benchmarks.
Recapping last week’s action, Monday’s session closed higher without any involvement from stronger buyers. During the overnight session, before Tuesday’s regular trading, news regarding U.S. and China trade relations roiled markets. Later, statements regarding the relations were retracted, and markets retraced more than 100% of their move down. After the overnight news-driven shakeout, the market failed to get any real traction during regular trading.
On Wednesday, markets liquidated on news regarding a contraction in global economic growth, later accepting prices and closing near the lows. The rotations lower were mechanical, indicative of short-term trading money.
Thursday’s activity, on the other hand, was mostly responsive, with end-of-day economic news helping fuel a spike that erased some of Wednesday’s selling. In the evening session, alongside Federal Reserve balance sheet news, markets returned to prior day value, rejecting the end-of-day spike. After the noisy overnight, markets opened Friday, liquidated, and closed near the lows.
Overall, despite the market losing ground, the selling was not all too intense as evidenced by the mechanical rotations and weak migration of value. Every time the market attempted to go higher, or lower, it lacked conviction, and would often lose steam into the close.
Adding, the presence of an overwhelming number of traders on social media salivating at the notion the market may experience another crash is a huge red flag and may point to the incompletion of a longer-term uptrend. Important to note is the relative strength of growth versus the weakness of the energy and financial sectors. That said, though the immediate near-term trend is lower, higher prices could come just as easily on some good news. For a healthy continuation, sellers need to step up and transact in higher volumes at lower prices.
Scroll to bottom of document for non-profile charts.
Key Events:
Home Sales; Consumer Confidence; ADP Employment; Construction Spending; Nonfarm Payrolls; Initial Claims; Trade Deficit.
Fundamental:
IMF lowers global growth projections for 2020. bit.ly
Bayer AG (OTC: BAYRY) to pay over $10B to settle weedkiller claims. bit.ly OTC:BAYRY
Users are fed up with Facebook, Inc (NASDAQ: FB). bit.ly NASDAQ:FB
Russia to ramp up oil production after pandemic recovery. reut.rs
Russian rate cut to ease pressure on bank margins. bit.ly
B3’s pact with CME Group, Inc (NASDAQ: CME) is credit positive. bit.ly NASDAQ:CME
Credit implications of one-off debt increases mitigated by debt affordability, low rates. bit.ly
One opinion suggests the Fed is not the cause of the recent broad market rally. bit.ly
Twitter, Inc (NYSE: TWTR) user surge may be permanent. bit.ly NYSE:TWTR
Top 100 companies prosering amidst the pandemic. on.ft.com
Four factors that could weigh on recovery, spark a depression. bit.ly
Bond market looks to a tech-centric future for increased efficiency. reut.rs
43% of firms that received PPP could be out of cash in a month or less. bit.ly
65% of the general population over the age of 18 wouldn’t mind returning to lockdown. bit.ly
73% of economists expect economic drop to be followed by a quick recovery. bit.ly
T-Mobile U.S., Inc (NASDAQ: TMUS) shares priced at $103 amid SoftBank sale. NASDAQ:TMUS
U.S. targets $3.1B of EU and U.K. imports for new tariffs. bloom.bg
Chinese imports of U.S. goods rise, while investment into China continues. reut.rs
Tesla, Inc (NASDAQ: TSLA) signs long-term supply deal over cobalt. reut.rs NASDAQ:TSLA
Royal Dutch Shell plc (NYSE: RDS.A) plans climate-driven restructuring. reut.rs NYSE:RDS.A NYSE:RDS.B
9 companies in Phase 1 of COVID-19 clinical trials, while two are in Phase 2. bit.ly
Realtor.com data shows views per property in suburban zip codes grew by 13%. bit.ly AMEX:IYR
Ackman seeks $3B raise for largest-ever blank-check company. reut.rs
Industrial power demand in China rises above 2019 levels for the first time. bloom.bg
1-in-6 young people have stopped working since the onset of the COVID-19 crisis. bit.ly
Carnival Corp (NYSE: CCL) CEO remains invested despite the uncertainty. bit.ly NYSE:CCL
Americans increase deposits as banks cut back on lending. bit.ly
Restructuring supportive of Deutsche Bank AG’s (NYSE: DB) asset performance. bit.ly NYSE:DB
Greek banks increase problem-loan outsourcing to credit servicers, a credit positive. bit.ly
Startup ecosystems rated by performance, funding, connectivity, talent, and knowledge. bit.ly
Should you be inclined to sell the rally? bit.ly
Amazon.com, Inc (NASDAQ: AMZN) to acquire self-driving car startup Zoox. bit.ly NASDAQ:AMZN
German court orders Facebook, Inc (NASDAQ: FB) to stop data sharing. bit.ly NASDAQ:FB
Amazon.com, Inc (NASDAQ: AMZN) to take 16% stake in U.K. food delivery firm. cnb.cx NASDAQ:AMZN
Companies get caught up in the reparations debate. bit.ly
BlackRock, Inc (NYSE: BLK) slashes fees for its largest ETF. on.wsj.com NYSE:BLK AMEX:SPY
American Airlines Group, Inc (NASDAQ: AAL) warns flights may be crowded in July. reut.rs NASDAQ:AAL
Verizon Communications, Inc (NYSE: VZ) pulls ads from Facebook and Instagram. bit.ly NYSE:VZ
Unprecedented aging of U.S. population to rein in growth, inflation, and interest rates. bit.ly
Credit card industry reins in balance-transfer offers as banks fear defaults. cnb.cx
ETF trading affects underlying stocks a lot less than expected. bit.ly
Sentiment: 24.1% Bullish, 27.0% Neutral, 49.9% Bearish as of 6/27/2020. bit.ly
Gamma Exposure: (Trending Lower) 626,711,354 as of 6/27/2020. bit.ly
Dark Pool Index: (Trending Lower) 45.8% as of 6/27/2020. bit.ly
Product Analysis:
S&P 500 (ES): AMEX:SPY TVC:SPX
Nasdaq 100 (NQ): NASDAQ:QQQ TVC:NDX
Russell 2000 (RTY): AMEX:IWM TVC:RUT
Gold (GC): AMEX:GLD
Crude Oil (CL): AMEX:USO AMEX:USL AMEX:DBO
Treasury Bonds (ZB): NASDAQ:TLT
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me.
In no way should this post be construed as investment advice.
Start of the end of the 11-year bull run... 02.25.2020In way's I hope this is the start of the end of the 11-year bull run that we have seen...
But time will tell all...
The Redline is the VWAP-Anch it did start at the bottom back in 2008, The white line is the VWAP-Anch that did start at the beginning of 2020 and the dark green line is VWAP-Anch down to the hour of the top of the market...
Also if you don't have it on your own chart look at the MACD look how fast it is falling...
I'm kind of looking to see the price at least get down to the $180 zone before the next bull run... Of course over the next year or so...
Tokyo is not doing well at this time... At 22:45PM Toronto time on 02.25.2020