DJI : DJI made a recent low of 15364 which was very much bellow 15459 our Quarterly safe exit level. The acheivable upper target for DJI by end of March is 18351. On a lesser time frame that is End of February 2016 DJI may reach any where between 17635 to 17860. For our weekly traders we sujest a SELL bellow 16055 with a SL @ 16107 target 01 @ 15924 Target 02 @...
It is clearly that all stock markets are still in a down trend and heading to new lows after a small correction to the upside.
Apparently the reason behind this upward correction might be caused by the upward correction in oil too.
We recommend shorting stocks instead of buying dips for now.
I am Slightly Bullish.
We are set for the rebound at least, but it may be short lived as the broad base is still bearish.
We have FOMC meeting and rate decision on Middle of Week.. It will sure the impact on the Dow Jones movemment.
I will rather look for Long but be close my position if there are sign of bears coming up.
Level to watch: Support 15880, 15200...
Hi Traders,
The DOW is at a MASSIVE level because: On monthly/weekly it looks like it is re-testing broken channel. On the Daily he is touching some trend lines and on 4HR chart; it looks like 5 waves up.
I will be looking this chart very close to see if we can get a bearish candlestick formation and rejections to confirm that a top might be in place. However,...
How do you trade this? A market neutral strategy?
It's the only fib that makes sense to me on this time frame. and being stuck on 0.618 isn't particularly bullish.
DIA is a little bearish, some kind of range in the top. From the weekly chart, now it is in a support. It is possible that there will be a renounce in the early next week. But I think that the downsize has not done yet. 50% retreat is 170.56. I expect that at least DIA will drop there. Another route is first dropping to 50% point, then rebounce. If that, the...
DOWI may have seen its highest high of the Year. On the macro economic level, more there are sign of economic recovery, better is the chance of FED to increase its interest rate by September 2015. ALthough the increase will be slow, at the minimum level i.e 0.25 base point on the upside, the market is still rather tence on the timing of this raise.
Therefore, One...
- Heavy volatility
- Shorts seem to have won short term
- Bulls need some (very) good news to keep on and this may happen when Mr. Draghi and the ECB makes the official QE announcement this month?
- The reaction from the markets could from my point of view actually be the opposite - that the market tumbles down despite the above mentioned QE
- Earnings season in...
Trading near the channel and the neckline resistance, Short term trend is down and any recovery may face sell offs again. Yes there is short covering or fresh buying seen from lower levels but I feel with smaller stops this trade is worth taking a chance.
Regards,
SP
CapitalTA
For those of who who follow closely my analysis, te shape of DOWI should not be a suprise. I was suprised by 172XX as an all time high because I was expecting 16706 to be the all time high.
Anyway, DOWI is in a consolidation phase towards 14400-14800 which is normal. Bare in mind that the market was fuelled by FED's QE and cheap money, i.e artificially. No FED...
Wolfe Wave - the Elliott Wave for lazy people. Sometimes an extremely effective tool. Around 16400 - we have strong support zone. If the defense will be successful - we go back to the north.
Distribution in progress.
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With the end of FED's QE3, market are gaining more and more volatility. This does not mean that market will crash, but there will be more heavy movement, and the swing frequency will be bigger.
FED's QE was inhibiting the market, that is why at the highest level of QE3, VIX was as low as 10... There is also more uncertainties in the market, baring in mind the...
The next three days are very important for DOWI. In deed we are on the eve of the TENKAN-KIJUN twist far outside the Kumo cloud, which may very much mean that if the reversal is confirmed, this will be preety strong.
On the Kumo Cloud side of the story, although the next 23 periods appears to be on the upside of the story, if the Candle are crossing the cloud, it...
At the the present time, we do have cheap money on the market but no more QE. Therefore market will have to fuel itself by its own. To do that, there must be a correction before ECB Launches its European QE which is not similar to FED's QE and no one know if US market will benefit from that.
Therefore a correction is normal before market has the ability to fuel...
