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Weekly US Market Update | Week Ending on 24th of April 2020Hello everybody! Welcome to another episode of Weekly Market Update. Let's get started with the performance of the major indexes of Wall Street for the week ending on 24th of April 2020. The Dow Jones Industrial Average closed on Friday with a gain of 1.11%, adding 260.01 points and closing at 23,775.27. On a weekly basis the Dow Jones had a loss of 1.93% while from the start of the year it has a loss of 16.69%. The S&P 500 closed on Friday with a gain of 1.39% adding 38.94 points and closing at 2836.74 points. For the week the S&P 500 had a loss of 1.32% while it's YTD performance is -12.2%. The NASDAQ Composite Index closed on Friday with a gain of 1.65% adding 139.77 points and closing at 8634.52. For the week it was down only 0.18% while from the first of the year it is only 3.77% down. As you can see the NASDAQ composite has better performance than the other two major indexes. The current market outlook right now is that we are on an UPTREND. An Uptrend that was confirmed on 2nd of April 2020, the date that we had our follow through day. A follow through day is a day of a new rally between 4th and 7th day with a gain of 1% at least and volume higher than the previous day. On 7th of April we had a distribution day which has been deleted after the huge gain of 4% on 14th of April. A distribution day is a day when a major Index falls 0.2% or more with volume higher than the previous day. We remain at 0 distributions days, which is a positive sign for the market. A lot of distributions days on a short term means weakness for the rally. Personally I wouldn't be afraid if we have a pullback at our Trendline Support (1) and then the markets continue up. As we told on our previous Weekly Market update we are on 61.8% Fibonacci Level, we crossed the 50 moving average and on Friday 17th of April we saw a pinbar . So there was a 65-70% probability for the markets to have a pull back to the Trendline support as it happened. But now we have also a test at Trendline Support (2). We remain on an UPTREND right now and we have to see if it will break the Trendline Support (2). If this happens then it may move until Trendline Support (1). See you next week for another Weekly Market Update!
TVC:IXICLong
by dionthas
1
COVID-19 ATTACK, Fake news and the DJI (Wall Street)I present Tradingview data on COVID-19 infection rates and death rates in the USA - and compare those with the DJI (Wall Street). Contrary to what we've been told by our leaders and mainstream media, there is no plateauing of infections or deaths in the USA. NOBODY can say that the virus has peaked. The virus is charging north on exponential curves. Most of it's attack was in April 2020. This bug is just getting started. The chart shows the FED's QE infinity approach and how it has been failing. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile, and you lose your money, kindly sue yourself.
CEducation
by Captain_Walker
1
Weekly US Market Update | Week Ending on 17th of April 2020Hello everybody! Welcome to another episode of Weekly Market Update. Let's get started with the performance of the major indexes of Wall Street for the week ending on 17th of April 2020. The Dow Jones Industrial Average closed on Friday with a gain of 2.99%, adding 704.8 points and closing at 24,242.5. On a weekly basis the Dow Jones had a gain of 2,21% while from the start of the year it has a loss of 15,05%. The S&P 500 closed on Friday with a gain of 2,68% adding 75 points and closing at 2874.57 points. For the week the S&P 500 had a gain of 3,04% while it's YTD performance is -11,03%. The NASDAQ Composite Index closed on Friday with a gain of 1.38% adding 117.8 points and closing at 8650.1. For the week it was up 6,09% while from the first of the year it is only 3,59% down. As you can see the NASDAQ composite has better performance than the other two major indexes. The current market outlook right now is that we are on an UPTREND. An Uptrend that was confirmed on 2nd of April 2020, the date that we had our follow through day. A follow through day is a day of a new rally between 4th and 7th day with a gain of 1% at least and volume higher than the previous day. On 7th of April we had a distribution day which has been deleted after the huge gain of 4% on 14th of April. A distribution day is a day when a major Index falls 0.2% or more with volume higher than the previous day. So we have 0 distributions days, which is a positive sign for the market. A lot of distributions days on a short term means weakness for the rally. Personally I wouldn't be afraid if we have a pullback at our Trendline Support and then the markets continue up. As you can see on the graph we are on 61.8% Fibonacci Level, we crossed the 50 moving average and on Friday we saw a pinbar. So there is a 65-70% probability for the markets to have a pull back to the Trendline support. We have to see also the earning season. If the results are not good, the pull back has more probability to happen. But whatever happens, we are on an UPTREND right now. See you next week for another Weekly Market Update!
TVC:IXICLong
by dionthas
WALL STREET INDEX BREAKING THE HEAD AND SHOULDER PATTERN for that i gave you the opportunity as soon as i saw it, cause it's an head and shoulder patter, who doesn't wait for it!!!!! for who trade with the stratgey of 70% 20% 10%, I gave you the rates you need to put the TP, for whom trade regular trading, you can put the Second TP to gain your profits from the movement, for all the traders don't forget to put your stoploss of 23,700$ rate, thats what the Fib res is showing, RSI confirming a start of bullish trend, Volume oscillator is low, these two indecators with these to signals, give us a sgood posibllity of strong bulish trend, lets watch and enjoy it, regards, wish us all the best and a lot of profits. #Stayhome
OANDA:US30USD
by Market_Ticker
GET READY: A big fortnight ahead!This is an educational post - compliant with the house rules on text-based contributions - showing some of the tension between monetary policy taken by the FED and real world fiscal issues at deeper levels. Click and drag chart if all text does not show. Thanks. The tension has caused whipsaws in the US Dollar, and price of Gold. The IMF has declared a global recession and several countries have gone into recession. Reputable opinion out there is that the world is heading for an economic depression based on a 50 to 75 year cycle, which is coinciding with a 10 year recessionary cycle. I have no doubt that central banks around the world will have limited success in propping up economies. I'm more concerned for the longer term view. Last week extreme volatility took a break compared to the previous week. The next 2 weeks could see a return of volatility to indices and forex markets. Stay safe, fellow traders.
FOREXCOM:US30Education
by Captain_Walker
3
Back to the past - 2008 - is this our future?In this educational post, I look back to 2008 to get a rough idea what may be in store for us in 2020. This is a cautious exploration because what happened in 2008 was very very different to what's happening today (though there are many similarities). This post does not exclude the possibility that the US and other stock markets may recover totally and head to the moon. Possibility is not the same as probability. How? It's possible that the sun may rise in the West tomorrow morning, but that is highly improbable. Technical analysis is a good thing, but relies totally on historical price movements. Ultimately technical analysis is not immune to the real-world issues that affect price. The world is moving into a 50-75 year cycle for depressions - which is very different to the 10 year cycle for recessions. Do NOT be influenced to make trading decisions based on this post. You have been told.
OANDA:US30USDEducation
by Captain_Walker
DJI (Wall Street): Potential limited move north. At this time the overall probability from higher time frames is for DJI to move south (6H to 1D). However, there is a trend move probably on a 3 min to 5 min coming up. This could move DJI up from 20800 to possibly as an estimate 21600. This is not a prediction. Have a look. Also see my other video that tracked a trend change on the DAX (link is below). Note: this is not advice - if you lose our money sue yourself. The position is labelled long only from a microtrend perspective.
FOREXCOM:US30Long
by Captain_Walker
Key signal to buying Wall Street for 400 points profitDuring the increased volatility you can observe a mild selling of Wall street once open, usually this consolidates withing the first 30 - 60 minutes and results in a bounce back - it certainly did yesterday when a very similar trend was there. The RSI was oversold and the CCI was at a similar level as it was previously when the market came back and then fell again, showing a perfect time to buy and hold for as long as its north of the 100MA line. WallStTraderandCoach - 5+ years of putting my OWN money to work. Turned 10k into 1M+ in first year. ALWAYS use a stop loss and ALWAYS put my own money behind a trade.
OANDA:US30USDLong
by WallStTraderandCoach
US30USD (US WALL STREET30) short/sell idea, almost 280 pips moveIn the name of ALLAH who is most merciful and the master... We strictly take trading as a business, not a gambling stuff. We have calculated approximate risk to reward ratio on every single trade with predefined profit/loss levels. Please note: -> Never go beyond 1.5% risk of your total trading capital on a single trade, -> Always move your stops to your entry levels after the price moves 100 pips towards target, -> Always close 75% of your trade position after market makes half movement towards target. Every one has a right to earn a lot of money, but it can only be done by following the rules and principles very strictly!!! REMEMBER: We practice patience in trading. NO EMOTIONS. NO GREED. NO FEAR at all... that's how we do this business... Whenever we loose a trade, no issue, we loose small capital... But when we win, we win really really big... Day after day... Weak after weak... WE GROW... --------------------- REQUEST: Please take out some proportion of money from your profits and donate to the poor people...
OANDA:US30USDShort
by WaqqasAsim
SP500 short - Elliot Wave Analysis Monthly - Investment/TradingHello Traders ! Today with SP500 on the monthly timeframe. We will have a close of the monthly candle stick this week. This is very important to keep an eye on it. We will see if we are able to break the Trend Line. If we will break the Trend Line I expect the price to drop a little bit more in order to complete Wave A. Afterwards we will see the correction Wave B. Which will look like a Retest of the Trend Line. Afterwards we will see the huge Drop - Wave C. Target for me is the Support Area marked on the Charts. If we will hit the Support Target this would be the best price to invest your money. This is a very cheap price for SP500. On the long run it will return you great investment profits. Also you could trade it but I prefer investing in that case because of the great conditions and less risk. Also you do not need to worry about holding your positions due to the less risk. The chance that 500 companies will go bankruptcy is extremely low. The market will always recover. That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions. Thank you and we will see next time - Darius.
OANDA:SPX500USDShort
by DariusFxTrading
Dow strong buy up to 21680?! Inverted hammer!One thing is true the market moves in waves. The dow has now bounced of major support at 18200 and put in an inverted hammer reversal candle formation. 21680 is the first major resistance and an obvious target. Stop just below support. RSI is now pointing upwards and daily MACDH has triggered a buy signal. All the talk of major stimulus deal combined with unlimited QE from the fed should provide the pump. As always take some profits off the table as we go up, watch your money management
ULong
by breakoutfakeout
DJI (WALL STREET) - IN FREE FALLIn this screencast I show that based on the technical picture and using some fundamental concepts, that heavy down side is likely in the next 3 to 6 months. The degree of momentum south is so heavy that I can expect it to move further south on this time frame. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
OANDA:US30USDShort
by Captain_Walker
Bitcoin still good to goOk it was friday.. market were messed up and bitcoin went under pressures of them.. But what is Noticable here is that it came together and got back fast and now is ready to embrace new era which only and only is the dominance of bitcoin over any currency in the world.. And let me tell u this... it is the world bank and other powerful central banks who r now the players of this game ,but the result will be win for bitcoin owners... So please just buy it and hold it and don't trade btc with leverage.. buy the asset itself...
BITSTAMP:BTCUSDLong
by AhmadEsfandiari
4
DJI (2H) - Wall Street potential move northThe DJI has reacted in panic mode for many days. It is at this stage relatively oversold on a 2H time frame (only). In this screencast, I show a 'theory of curves' situation which possibly shows a 55% probability north. Please NOTE carefully that this leaves a 45% probability for the south. Probability estimates base on technical indicators are not 'predictions'. I do not do predictions. What this means is that on this time frame only price could STILL MOVE SOUTH to an estimated 45% probability. My probability estimate is also influenced that the Fed is to extend a total of approximately $USD 14 Trillion to the markets. The FED also has the means to purchase stocks in the stock markets. Disclaimers: This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
FOREXCOM:US30Long
by Captain_Walker
1