I've stuck with looking at M1 as a general proxy for economic stimulus more broadly for the sake of simplicity as this an overview. The primary implicit question here is whether or not more economic stimulus will be effective or not and to what extent under the present circumstances. The need for liquidity in the markets has certainly been evident recently, as...
Do we continue the bear market this week? Or do we rebound? I can see us dropping to new lows however in this current market anything is possible. My short is currently in a nice profit.. Using a trailing stop loss strategy with this one. We will have to see what the Australian Government can deliver on a stimulus front, money printing is only delaying the...
NYSE:NCLH Norwegian Cruise Lines (NCLH) recently ran into resistance as sellers prevented the stock from going past the .236 fibonacci retracement level earlier this week. Furthermore, recent options activity shows bearish sentiment with NCLH put/call volume ratios of 2.07 This means for every 1 call that trades, there are 2 puts are being traded. The...
Whats up Traders Im setting up a gold trade, using NUGT . . Buy Stops Using the Bulkhead Method to catch the wave (more buys as price goes higher) 25% position purchases across 4 buy stops above the bull flag....is my method here Set a tight Trailing Stop for the entered positions, up to 5-6% Target Box Shown as Pink Rectangle. I like Gold Sentiment, I like...
The aircraft manufacturer has really gone through ups and downs coming into 2020. Contributing to the recent declines have been the ongoing issues with the 737 Max crashes in 2019 which led to the FAA suspending the aircraft from flying hurting many airlines such as Southwest, United Airlines, and American Airlines. Also adding to the pain is the Coronavirus...
Please click like and follow me if enjoy my posts! :) Due to the whole market meltdown, NIO has retraced back to Fib 0.786 lvl early this week. However, it has since then rebounded strongly and is currently fighting the resistance lvl. Barring the continuing worsened market condition, I believe NIO's distribution cycle is nearly over. The current bargain...
Just a small chart I made for fun. After this big pop from the stimulus package, I think AAPL will lose some steam and retest support levels around $230. If S2 does not hold, a sharp drop to $200 could be possible. GLTA :)
Going out on a limb, and this is admittedly a tricky play . . . j Tight Stop Losses and Quick Take Profits are going to be key. Im targeting a price spike as shown by the red box, resultant of a successful vote in senate at noon. Im setting Stop Losses towards the bottom of the trend channel . . I have a 'BulkHead' buy method in place, with more purchases...
Now that VIX is in backwardation, it is a good time to bet on it. VIX reached one of its all time peaks a week ago and has been on a cliff dive since. EXIV tracks EURO STOXX 50® Volatility (VSTOXX®) at a -1 multiple. (www.stoxx.com) Although it is not directly the VIX, VSTOXX closely mirrors the VIX. As it is turbulent times, I think EXIV can reach at least the...
Governing Council stands ready to adjust policy further and to deploy other market tools if required: BOC . 25 bps cut probabilities at the April meeting or sooner.
Today Trump and Pence seemed to finally get serious about preventing a coronavirus recession, offering a payroll tax cut, a bailout of the cruise line industry, and a promise that coronavirus patients won't have to pay for testing. Admittedly these things are small potatoes compared to the scale of business disruptions that may be coming, but it was meaningful...
Trump is meeting with bank CEOs today to discuss how to support small-cap companies with large debt burdens. The high-yield junk bond market has been bleeding lately because many of these bonds are expected to go into default later this year. However, if Trump's meeting produces some kind of stimulus or bailout, we might see this market rally. Cheap March 13 or...
Most of the wise traders knew that the 25bp rate cut probabilities were higher and then finally when the actual day came up it ended up being a cut actually. I don't wanna explain all those stuff which had already been past but for now, we can see good demand in Aussie just to know that fed might have some future rate stimulus probabilities (but that part on next...
BOE's Gov Carney hinted to stimulus yesterday, indicating that the pound could come under severe pressure if incoming data show no improvement. Coincidently, the same day there were suggestions that the EU-UK talks could be dragged past the tight deadline BoJo has set. The passenger plane crash in Tehran didn’t reflect into the markets as uncertainty about the...
Gold broke out of its pennant pattern a couple of days ago. Either we have a breakdown or a shake out (caught me out at break even) occurring right now just below the 50ma. A similar shake out occurred during the last pennant just before it exploded north. I have bullish leanings for gold, given all the stimulus and extra stimulus coming out of the US. I'll be...
In today's #marketinsights video recording I analyse EURUSD and USDJPY! Euro, dragged lower by the reinstation of the QE programme, was able to reverse post-ECB losses on the back of: - Limited rate cut compared to markets expectations (only 10 basis points) - Draghi's call on governments for fiscal stimulus (supporting EA economies?) - Widening yield...
Kinda cluttered, these are areas I'm paying attention to, depending how the market enters those zones I might think about taking a long/short position. Some fun facts: - Fiat currencies get stronger in market corrections, since people are selling whatever they can for dollars/fiat. - Approximately HALF the volume on the US equity markets is generated from...
Following the additional stimulus of over 20 trillion yen announced early today by Shinzo Abe, I think that investor sentiment in the Japanese economy will be largely boosted, causing increased long positions in this pair, pushing up the price. Why now and why 110 yen? There has been a lot of choppy behaviour based mostly on structural moves recently, and I...