Traders, If you have been following the news items on mainstream media or social media, people all over the world seem to be discussing recent fall in indices indicating another market crash and a possible recession. In this study lets look at S&P500 index from almost purely technical point of view. Hit the like button and subscribe if you enjoyed this study....
There are a lot of superlatives about the stock market this week. It's the fastest correction ever, with just six sessions between the S&P 500 hitting a new record high and a 10 percent drawdown. The VIX illustrates this trend clearly. Its overall level around 47 isn't all that high in the big scheme of things. Volatility hit 50 two years ago and in August of...
This is a very long-term chart that goes from 2001-Present. Every red arrow is a sell, every green arrow is a green. Trading with this method has proved to be very useful. The 12EMA (purple line) represents a 1 year exponential moving average. Follow the $SPX below. (black line)
What happens when the price reacts during the open? Today during the Asian session open - Nasdaq had a gap down, this is due to "Apple Inc. doesn’t expect to meet its revenue guidance for the March quarter because of work slowdowns and lower smartphone demand, showing that the virus outbreak in China is taking a bigger-than-predicted toll on one of the world’s...
The picture of the 2019-nCOV is rapidly evolving. Globally there have been >14,000 cases and >305 deaths. The trajectory of spread of this virus has exceeded SARS (2003). In under 20 days there are 14,544 cases. There were less than 20 cases in the same period for SARS. SARS plateaued off at 8,500 cases after 100 days then fell off. What we're seeing in hard...
In this screencast I look at the S&P500 on the 4H time frame only. I show how I estimate the probable direction (this does not mean prediction). I give some information on why the markets are reacting to a low grade coronavirus called 2019-nCOV (same family as MERS and SARS). Disclaimer: This is not trading advice. If you make decisions based on this...
This is a very short presentation on how previous virus attacks have affected Wall Street (daily time frame). I go back to 2013, plotting what was seen. This is relevant in relation to the recent Wuhan coronavirus (WCV). Mainstream media have referred to WCV as a "deadly virus". This is frankly nonsense based on current data. The case fatality ratio (CFR) is...
I show how trends can be assessed. Word on the coronavirus is also explored..