Buy opportunity on NASFed is supporting the stock market as much as possible, in this virus spreading a hard time.
I present my 2 possible entry to buy NAS100. Hope things will get better eventually.
Wallstreet
Making the most of LIMIT UP for ProfitLimit up acts as a guaranteed stop, this early in the trading day it is likely that it will pull back - especially as it follows DAX.
I traded a small amount (£100 per point) when it pulled back and bounced, perfect time to sell into the bounce, hold, and achieved 1000 points in around 90 minutes just before it turned negative.
The DOW was limit up throughout Asian session, so there is some positive sentiment - probably following the massive decline yesterday.
I have closed the position with 1000 points profit. I am expecting a slight bounce before possibly heading lower. I don't see it going back to limit up before the open.
WallStTraderandCoach - 5+ years of trading my OWN money in the DJI, Always use a stop loss, Always put my own money behind my trades. Turned 10k into 1M + in my first year. Strategy is one thing, you need to change your frame of mind if you want to be successful.
Short Term WALL ST (US30)RSI indicating overbought, CCI not there yet so still room to move higher, has rallied 1100 points from open so may have run out of steam short term, pull back good for 200 - 600 points then take profit.
WallStTraderandCoach - 10k to 1M + in first year - REAL MONEY - 5+ years of day trading just Wall st . Coaching and mentoring in high demand.
ALWAYS put my own money behind EVERY trade, NOT testing theory. 73% Win rate.
Stop loss ALWAYS twice the VIX .
GOLD, RECESSION AND DJIHave a look-listen. I explore what happened with Gold in relation to the DJI going back to 2008-2009. Then I'm back up to 2020.
BEAR Momentum | GBPAUDWeekly - We notice a major exhaustion which mean the market is ready for the downside
Daily - Major Support ans Resistance is set with the market testing the Major Resistance and also made its High after the huge exhaustion with a bearish candle
4HR - The market created a major Resistance which is a Double Top, but on 1Hr we see it test that resistance 3 times. This rejection is a confirmation that the market cant break the resistance after the major exhaustion.
How to ente r - We look for a retrace and enter with Price Action using candle stick analysis or retracements
BEAR Momentum | GBPNZDWeekly - We see a huge exhaustion which means an Impulse buyers were too weak so sellers push the momentum down
Daily - There was a major consolidation before breaking out with a bearish candle after a false breakout candle
4Hr - Market makes LH's with a breakout of the Major support
How to enter - We look for retracement on the Major support broken to catch a sell to the downside (Major move)
Dow to drop another 5000 points?!!With all the terrible news in Italy and the UK looking set to move phase 2 soon and start shutting down schools and all large public gatherings (clubs, gyms etc will be next same as Italy) within the next couple of weeks, the flag extension of 5000 points to the downside looks a really possibility. The 200 week MA is 3000 points lower that seems a likely target in the first instance.
I think we will see a run on the supermarkets, most people off work and serious economic problems.
SPY still isn't looking strong. SPY Fundamental AnalysisThis fundamental analysis is very speculative, please do your own research before shorting/going long.
So as we can see, nothing looks good right now, oil prices are scary, coronavirus still isn't over, and the political situation isn't too great right now with the Turkey conflict in Europe. NY declared a state of emergency, which is obviously where NYSE and Wall Street are based.
We'll see what happens, but this could be one of the worst days for the stock market. I think it is unlikely that we will see many buying the dip, as everything looks grim right now.
Thanks for reading, leave your opinions below.
BLACK MONDAY LOOMS (AGAIN) 😲👊I can't find a spot of good news over this weekend - or one that would make a sound difference to economies (on a longer term basis). I'm expecting (not predicting) panic on Monday/Tuesday. The markets are NOT economies. They represent confidence in economies - similar to bond markets.
Seriously - it's almost all bad news out there - and the algos will be expected to pick all this up and make 'decisions':
Wall Street collapsed ~700 pts on the weekend (unheard of before). Then a slight rebellion north by 125pts.
Cases surpass 105,000 worldwide; deaths exceed 3,500. The number of deaths from the coronavirus outside China edged toward 500, pushing governments and airlines to curtail travel to and from heavily affected areas.
China death toll rises to 3,097.
Italy curbs travel for northern region around Milan as death toll climbs by 33 overnight to 233. 16 million people locked down!
CPAC attendee was infected; Trump had no contact. Trump said he intends to continue holding large campaign
U.S. tests fewer than 6,000 samples.
London Heathrow Baggage Handlers Test Positive for Virus
The International Air Transport Association warned this week that carriers may lose $113 billion in sales this year, almost four times more than its estimate of the epidemic’s impact from just two weeks earlier.
Saudi Arabia plans to increase oil output next month to well above 10 million barrels a day, as the kingdom responds to the collapse of its OPEC+ alliance with Russia. Commodities traders see this as all out 'price-war' in the face of a simultaneous supply-and-demand shock.(The virus had caused reduced demand for oil and price to fall. There was some talk about limiting production/supply of oil in response. Now the opposite seems to be happening).
US walking into a recession at 'peak performance' - jobs report.
I also expect even higher volatility - which is what all sound traders lurve!! But gamblers also like volatility - so to gamblers I say, " Expect to lose more money than you make! "
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Estimates of probability in one direction leaves a residual probability in the opposite direction. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself .
DJI (Wall Street) - key position to watchIf this bull market collapses, those short-sellers who are in profit would need to be prepared for bull-rebellions.
The 200 EMA (or MA) is normally an area for rebellion. I'm looking ahead - as I'm short in this market.
I do not suggest that the 200EMA is a price target.
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.
FLASHING RED!! BRACE! 🚑😲This is serious picture emerging right now. Have a look. I'm watching what's happening with Gold in relation to the Down Jones Transportation Index, and Bitcoin. This is all coronavirus related.
In tight summary, the smart money is moving into things that store real value - the kind that's unlikely to be affected by central banks.
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.
Double top fakeout on dow? Gap fill?The dow has retraced back into support and with the hourly moving averages so far above the bottom of the double top breakout pattern I would expect this to be a fakeout and am going long.
Nice potential gap fill of 700 points as well. More upside potential to retest resistance at the top of the double top as well.
Join me at breakoutfakeout.com, follow and like me here.
DJI (Wall Street) - Stalking the algosThis is pretty unconventional. Have a look.
Big pump possibly coming on DJI as several central banks co-ordinate to flood economies with low interest rates and excesses of cheap printed money. Micro time frames give an idea of what could be coming.
Of course, this could be good news for Gold.
The trouble in Chinatown!There's not much interest in the Chinese stock index here on Tradingview but the ChinaA50 is absolutely important for what happens around the globe.
The A50 is in big trouble and more trouble is yet to come in weeks to months. This is just bad news for the rest of the world really.
I'll say no more here - follow some of the price action with me on the 4H.
POP!! POP! POP! 😂Oh well - only about 5000 points of a massive drop in just over 1 week. People are asking, " Has the bubble popped? ".
I go into this in some detail. I think we're at the start of the POP.
This thing is serious though.
I'd like to hear from others if they think this is going back up and to the moon.
DJI (WALL STREET) MELTDOWN - 30 MIN TRENDI previously told people to get ready! Some weren't ready.
The market seems to have selected a 30 min ATR trend line pattern to follow south. How far it will go - nobody knows. This is the essence of trend following i.e. NO TARGETS. This is hard work!
Technical fall - I predicted it on February 16thThe descent on the blue trend line of the long-term bullish fork is over. The beginning of the descent started on the resistance of the median of the long-term fork. The decline was 50% of last year's bullish movement. All the gaps of the last hike have been closed (Look at my analysis of February 16th where I called the 12% drop and the closing of the gaps). There is a good chance that we will go back to looking at the fundamentals. There will be a slowdown in the world economy in the first quarter. If the epidemic of the virus arrives in other countries then the economic slowdown will be more marked. Now, there are chances of a rebound.
US30 New Idea Hi, Guys i am goin long on US30, well bit risky trade, So do your analysis before getting in.
DJI (WALL STREET) - GET READY!! If you can't see a rising contracting wedge, and price struggling near the top - and if you don't know what that means, why are you trading a live account? Did I say there was a guarantee of anything? Did I predict anything? I did NOT!.
Disclaimer: This is not an encouragement to trade securities or alter anyone's open positions. If you lose your money, kindly sue yourself.
PURE ADDICTION! To be exploited. Yep - the algos play out the addicitons of their masters to cheap money: low interest rates, REPO pumping, and the implicit guarantee from the FED. But an itty bitty virus that disrespects world leaders, has everybody flummoxed and reaching for safe havens.
In this screencast I show a bit of algo action and some smaller time frame trends which can last for over a day - quite lucrative. I've adapted to the vacillations of the market as I can't see the sense in waiting ages for decent profits when there is loads of lovely volatility within trend envelopes to exploit in lower time frames. If I can exploit a move of 100 - 200 points in a day or two I think that's fair enough.
The greed and hope in these markets have created lovely opportunities - which can be exploited with the right level of discipline.
WALL Street - Locked In Some Profit / NicoleMy Short on Wall Street went really well and I have locked in Some Profit at these levels.
Still short and I believe that we can reach 28600 in the near future.
/ Nicole - ProValueTrader
Wall Street - /Nicole Wall Street is now trading in a Range, and supply/demand levels will be subject to entry and exit.
/ Nicole - ProValueTrader
US30 Index - Free Fall To 29000 Is RealAs you guys can see on my previous prediction, US30 index will fall free fall to 29000 and this is become true and real.
I have seen in my dream and it is like being a dejavu. Today China the major country with the supplies start to kick back their operation despite risk.
If China not settling their operation resume to normal, the price of AAPL apple and US30 wall street will going to bearish instantly. It is already one month that China had halt their production line. This chain supply like a domino effect and all hoping that China will recover soon on their productivity performance.
Nasdaq fell more than 100 point from holiday close as investor started to consider the impact of the virus on business operations.
The business impact appears to be of much greater concern to the market rather than the health emergency as the coronavirus infections still appears to be primarily a Wuhan phenomenon and cases ex-Hubai province and much more importantly ex-mainland China appears to be contained.
As I wrote the article, GOLD XAUUSD has bullish above the 1604.00 key level. Traders started to buy Gold as their safe heaven economic sentiment.
BITCOINS/USD has risen up to 2600 points.
The longer the crisis persists without any signs of global spread the less market fear the consequences.
The longer this crisis last, the uncertainty and losing the faith of investor to purchase the stock market.
To be in confident to purchase it, must have to get rid the insecurity of the investor.
If cant, all the stock investor will move towards on buying XAUUSD GOLD instead.
Hint: I am expecting this indices of US30 will going to bearish free fall down to 28250
By Zezu Zaza
