The US elections next week bring the market to a point where all we have to do is wait and of course, prepare our trading account for the crucial hours when it will be revealed who will lead the country in the next 4 years which are expected to be very difficult and challenging especially in the economic and social aspects.
Technical analysis aspect
NYSE:IBM The American technology giant publishes its quarterly earnings report with a very optimistic forecast.
The report will be published after the market closes.
Earlier this month the company announced that it is splitting itself into two separate public companies, a move that could attract new investors due to the result expected - a cut in the share...
Yep - it's beaten me. This is a very weird market where hope and greed rule. America is basically burning down with COVID, supply demand chains disrupted everywhere, no sign of a vaccine "momentarily" as we've been told - yet this market struggles north.
Every drop of good news moves it further north. In the last few days we were told that the cure was found for...
Stocks strategy file now released! below youll see our list of stocks we have found optimal settings for!
DAX - DE30EUR
BA - Boeing
SELL triggered on facebook at 287.12, we then closed in profit down at 257.05!
net account gain of 3.3%! risking just...
The China 50 took off like a rocket, leaving behind the DJI and other country indices. This is the CN50's biggest rally in a year. State media agencies talked up the index promising a post-coronavirus boom. Then the China Securities Journal made similar promises.
This caused an almost 6% charge north in one day! However, there did not appear to be significant...
There were mad moves on the DJI (Wall Street) north on Friday 5th May 2020. The bulls gored the bears big time.
But there's 'fundamental' stuff that's not right. The Bureau of Labour Statistics (easily findable via a search engine), said that their figures were not correct. They even said in their report that if unemployment was counted more correctly the...
The stock market has been pumping and with things coming back to normal, we are going to likely be climbing back up to pre-covid19 levels, but nobody knows this for sure, so I find marking key levels of support and resistance helps me keep track of my bias so can take trades accordingly.
Once the levels are nailed down the execution becomes the next...
This is not a prediction. I don't do predictions. The setup is only a probabilistic estimate based on a reckless disconnect between market sentiment and fundamental reality. It's probably the most reckless in history.
For every probability estimate in one direction - NOTE CAREFULLY - that there is a residual probability in the opposite direction. So if for...
A 'black swan' event is something out of the blue - that creates systemic risk. The 2019-nCOV (virus) is potentially one such thing.
The markets have not been prepared for this - at all. Could it be the pinprick that pops the 'tech bubble' that influences markets globally?
The shock waves of this itty bitty virus are totally unexpected. I go into some price...
The DJI was dented significantly over night by three main events:
1. Trouble in Iran.
2. China - withdrawing some companies from the LSE
3. North Korea - powering up to cause America a headache.
There was panic selling in the middle of the night which started with the news on Iran.
Important trend lines up to 2 hourly were penetrated.
Could this be the...
The Indian Markets are hardly every the topic of discussion on Tradingview. Most people look mainly for the DJI - cuz 'America is great'. For me, it don't matter; wherever there is an opportunity I'll pay attention. The Indian Market is in a precarious position right now.
I see some sort of expanding upward wedge. This can create probabilities for the north or...
DOW JONES HAS BEEN OVERBOUGHT IN ALL TIME FRAMES SO THIS DIP WAS COMING AND ITS NO SURPRISE. THE FUNDAMENTALS ARE STILL VERY BAD WITH DOW TRANSPORTS LOSING 11 TRADING DAYS IN A ROW IS A SIGN OF THINGS TO COME
Mario Draghi made an honest assessment of the Eurozone today, which wasn't rosey. The big money wasn't happy with this. Stock markets and Forex around the world were thrown into some degree of chaos. All stock indices were affected - proving once and for all - that we are all part of a global economic system. What happens in the Eurozone or in America, simply does...
I'm sorry folks, to be bearer of bad news. Doomsday has struck stockmarkets worldwide twice in the month of March and May historically. Here we are right now starring at a possible third anniversary event - right on our doorstep. The US Stockmarkets that influence the world, is in a nervous state in the last 7 days or so. They're holding the tiger by the tail! Am...
In this screencast I say that the recent weekly price action in Wall Street is a correction in a bear market. Price has moved into a critical zone and is struggling to stay afloat. This does not mean that it is bound to collapse. It means that price can probably move south.
The BOVESPA on IBOV index is not popular on Tradingview - just once posted before now in 2017. This is probably the last of the indices to make a serious move south, as the expected global economic meltdown sets in.
The BOVESPA is a wild one and requires a load of equity to trade on a live account. This does not mean that we cannot learn from its moves. It's...