DevilTrader168

DevilTrader168

Stocks rose on Friday as investors cheered strong quarterly earnings from Intel along with apparent progress on the U.S.-China trade front. The S&P 500 climbed 0.4% to 3,022.53 and briefly traded above its record closing high. The broad index also came within inches of its intraday all-time high. The tech sector closed at a record high, rising more than 1% on...

DevilTrader168

HK stock markets rallied on Friday after Trump said China and the US reached the first phase of a substantial trade deal that delays tariff hikes that were set to kick in next week. We saw strong support for HSI futures near 25600 level as market was optimistic on a partial US-China trade deal and the new QE of the Fed. When price broke major resistance at 26200,...

DevilTrader168

HSI is likely to gap higher today amid delay of extra tariffs on Chinese goods. President Donald Trump said he was postponing the imposition of 5% extra tariffs on Chinese goods by two weeks, a move that delays the next escalation of the trade war and brightens the backdrop for upcoming trade negotiations. “At the request of the Vice Premier of China, Liu He, and...

DevilTrader168

Short term Hong Kong - Hang Seng has broken the ceiling of the falling trend in the short term, which indicates a slower initial falling rate. The index has support at points 26300 and resistance at points 26800-27000. The RSI curve shows a rising trend, which could be an early signal for the start of a rising trend for the price as well. The index is overall...

DevilTrader168

I concluded 8 crucial factors to determine the direction of the HK stock markets: 1. Tension of US-China Trade War: Negative 2. Inverted Yield Curve: Negative (Recession Worry) 3. Political Environment and Sentiment: Negative 4. Fed’s Dovish Tone: Positive 5. Leading Economic Data: Negative 6. Companys’ Earnings: Neutral to Negative 7. Liquidity and Fund Flows:...

DevilTrader168

NEW YORK (Reuters) - Wall Street tumbled on Friday after the U.S.-China trade war escalated in dramatic fashion, with President Donald Trump demanding that American companies seek alternatives to doing business with China after Beijing announced its own slate of retaliatory measures. The latest exchanges in the long-running tariff row triggered a broad-based...

DevilTrader168

Gold futures succeeded to touch our s-t target at 1540 and shows more bullish bias that supports the expectations of continuing the bullish trend in the upcoming period, and we believe that the way is open to achieve our next target at 1560-1580, to continue suggesting the bullish trend that moves inside the bullish channel that appears on the chart, reminding you...

DevilTrader168

Strong technical pullback for the third day. Will add short near 26500...

DevilTrader168

HSI broke the triangle consolidation zone. Next downside target 26000 - 26600...

DevilTrader168

There is a high probability that the recent strong V-shape rebound might end near 2800-2820 level. I think the markets need a healthy pull-back before challenging a much higher level. Let's see...

DevilTrader168

Quoted From CNBC: "Bank of America-Merrill Lynch believes it's premature to call an end to the market correction. Although stocks on Friday closed out 5 straight weeks of gains, Stephen Suttmeier, the firm's chief equity technical strategist, is telling investors that stocks are still in the throes of a cyclical bear market. According to Suttmeier, the S&P 500...

DevilTrader168

US Stocks have recovered more than half their losses, rising much more gently and deliberately, when compared to the wild selloff that took the market down as much as 20 percent in December. On January we observed that the market could have hit a bottom in late December, though some strategists still expect a retest of the lows on the worry of weak global economic...

DevilTrader168

Stock markets need a healthy pull back and might reverse near crucial resistance level in coming days. Personally, I think S&P 500 will lose momentum at above 2625 and will mean reverse near its neckline resistance as markets already pricing in the good results on US-China Trade Talk and Fed's dovish moves.

DevilTrader168

Expect a short-term pull back near 26100 level after a strong bounce from below 25000 to 26600, and probably challenge a higher level again. Market is still optimistic on US-China trade talk and expecting a pause in QT by Fed this year. Let's see...

DevilTrader168

Global stock markets sold off on Thursday after a warning from tech giant Apple Inc about slowing China sales, while data this week showed manufacturing activity shrank in December for the first time in more than two years. But HK markets failed to follow suit on Friday morning as A shares quickly bounced back from the low bottom amid smart money came in to...

DevilTrader168

HSI fell on the first trading day of 2019 as evidence of slowing Chinese growth weighed on investors already reeling from the worst year for global equities since the financial crisis. HSI futures touched 25000 support after releasing of the weaker than expected China Manufacturing data; the Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) for December...

DevilTrader168

Name S3 S2 S1 Pivot...

DevilTrader168

Apple (NASDAQ: AAPL) was very conservative in its projection for the holiday quarter, so it is likely to make the guidance and has the possibility of exceeding quarterly guidance of higher-end models has partially offset the lower volume. This performance should lead to a recovery in the depressed stock price. Can the trend reverse in 2019 and bounce back to $185...