JoseDN

JoseDN

Testing monthly support line. Technicals: Potential bear move incoming - If not, fake breakout and stronger rebound Fundamentals: strong economic recovery - Positive FED Meeting that gives confidence to the markets

JoseDN

Before Christmas, there is a series of events to bear in mind. 1. Brexit Outcome Boris no longer has Trump support – weaker position 2. Black Friday, Cyber Monday, ECB Meeting Nothing is strong enough to turn things to the worst. A Brexit deal is expected to be reached this week which will strengthen the Pound Sterling.

JoseDN

Close to the elections (3rd November) 1. American Election - Tension 2. Stimulus Package – Only positive impact 3. GDPs – 3rd Quarter (slightly better than give some confidence) 4. 3rd Quarter Companies’ earnings – so far, they´ve been good (mostly in tech) The logic thing would be for investors to keep taking profits ahead of elections and...

JoseDN

Will have a week similar to the last one, irregular. We had a decent run in the last couple weeks, and now the market is starting to feel a bit clueless, why? - American elections are approaching - Disappointing news about vaccines development - Bad Brexit negotiations - Worse control of the virus than expected However, the underlying sentiment of the market is...

JoseDN

Current situation in the markets is being better than I expected. - It may lose some momentum with the time. Markets are starting to price in a stimulus agreement in the US. - Which, honestly, is still far away to happen Relationship virus – markets is starting to stabilise In the short term, what really matters now is the stimulus agreement followed by the...

JoseDN

Let´s order the weekly ideas: 1. Executive committee of the ECB will speak on Monday, maybe give some new updates about negative interest rates 2. Tuesday is about confidence indicators which I expect them to fall 3. Rest of the week is mostly about US employment and first debate on Wednesday between Biden and Trump Regarding the markets, new outbreaks have put...

JoseDN

I believe this recent correction in the markets is more of an eventual profit taking event rather than a structural adjustment. The technology sector still offers growth potential in the medium term. It is logic and healthy for the market to correct after such a strong bull run. Looking forward into the new week: 1.Central bank meetings No change in interest...

JoseDN

Bullish sentiment remains in the markets, despite some noise in the background. Where to look at: - Vaccine (expected to be released earlier than expected) o Can surprise positively - China – USA o Actual situation is not that tense, which may change - Technology (it has changed more into safe heaven rather a rick sector) o Salesforce provided good...

JoseDN

The last hours of trading sessions have served to clear two subjects. 1. On the macro side, the third quarter GDPs indicators from USA and the EU were better than expected. 2. On the micro side, the biggest technology companies’ earnings beat expectations However, the geopolitics bring some noise to the market as Democrats and Republicans cannot reach an...

JoseDN

This week should be more flat for the markets, consolidating and moving laterally. American technology companies are already in positive territory and they could bring with them the rest of the industries. What could help the indexes to push the overall stock market are: - Technology companies - Central Banks What could not help them: - Manufacturing PMIs -...

JoseDN

The market is coming back to its previous bullish trend, two proves of that: - Nasdaq is already in neutral territory YTD - Volatility is around 48%, well below its peaks - Some companies, specially American technology are regaining ground effectively sooner than expected which is also good news. The two pillars within this environment that are working are...

JoseDN

Weekly Review - Markets keep going up - Keep correcting the downside from 2018 that did not make sense - Markets are bullish but the volume is lower so the vulnerability is bigger - Negotiations between China and USA - Some memorandums will be confirmed and they will keep extending the deadlines that probably will take until summer - We should receive some...

JoseDN

We had another good week and the S&P500 is now 10,7% up YTD. Regarding the week ahead, it does not have a bad outlook. - In the worst scenario it will be a period of consolidation - Trade talks between US & China and Brexit remain a concern for traders Both have deadlines in March and outcomes are expected to be positive which will boost the equity markets -...

JoseDN

The huge increase of concerns about inflation has mainly been due to Trump's proteccionism and high oil prices. As tarde wars lower so has to do oil prices in order to lower concerns about inflation. From the technical side it remaind as clear breakout formation after the retest of the monthly bull trend.

JoseDN

After breaking a key monthly bearish down trend USDJPY and then retesting it, it has formed a clear breakout pattern which is taking time to take off. For now, we remain patient and wait for the continuation of the bull trend.

JoseDN

GBPUSD drops and we hold the short. Continuies its clear downtrend without any relevant support in the horizon which confirms the long path of this short. For now we keep holding and waiting for the perfect moment to cash out.

JoseDN

EURUSD continues its clears downtrend and just broke small weeklt support which even confirms strongly the strength of this bearish trend. So that, we remain bearish anbd still hold the short the position.

JoseDN

US Dollar Index continues bouncing back and forth. Hence, for now we remain bullish after retesting the monthly bearish trend.