jasperlawler

jasperlawler

Break of 36 is bearish

jasperlawler

If SPX breaks the neckline - all bets are off

jasperlawler

could be a powerful sell signal if 0.70 breaks and holds

jasperlawler

With the benefit of hindsight... Any beginner trader could have ridden most of the move up in the S&P 500 over the last 6 months using a simple 50-day moving average strategy for entry and exit

jasperlawler

GBP/USD has dropped on latest Brexit news - falling from 3rd test of falling trendline - in part of bigger triangle pattern.

jasperlawler Updated 

Of course yesterday's big drop could be the start of a top in the Nasdaq - but now that is not confirmed Price is still above its rising trendline and 50 DMA, which means the pullback is a correction - and iif the uptrend is to continue, a dip to be bought

jasperlawler

After the big drop Thursday, this is a quick 3-month performance review of some of the classic names that fit into each of these 3 groups We can see that COVID tech (Tesla, Zoom, Plug Power) sold off, reopening trades (cruise lines, banks) rebounded and in the middle were some tech favourites that fared a little better (Alphabet, Twitter etc)

jasperlawler

It pays to observe and learn from common price behaviour before and after big events to better handle the next events

jasperlawler

German stocks are making what looks like a decisive move to the topside It follows a triangle consolidation that's been in place since July

jasperlawler

The volatility in oil markets has been falling for months as price contracted into a narrow range. That 'wedge'-like trading range appears to have just broken to the downside

jasperlawler

The flavour of the day in these unusual times appears to be pushing up stocks like Apple and Tesla after they announced a stock split. Is Amazon next in line? Shares of Amazon currently trade at $3,500 and are arguably in much greater need of a split. Tesla has rallied 70+% since its stock split announcement Apple has gained circa 35% since its own plans were made public

jasperlawler

The last three attempts to breakout above the 6300 level in the FTSE 100 index have ended in the break below a rising trendline.

jasperlawler Updated 

The trend in the USD is down - and normally its a good idea to follow the tend BUT.... Europe second wave - euro negative US cases coming down (possibly because of less testing) US election US Treasury auction supply - 20 year bonds next week New Zealand example of other central banks easing first Haven flows without stimulus deal, US China relations (talks...

jasperlawler

Tech is leading but the leadership in tech has been narrowing even further in the last month Apple and Facebook shares are outperforming - while the rest of the FAANG - Amazon, Netflix and Google are under performing. One possible trade is a to assume a return to the mean - ie the laggards pickup and/or the winners pullback The other takeaway is that the market...

jasperlawler

If we assume gold drops 15% like it did in March - then the downside target would be 1765

jasperlawler

Powerful out performance in China tech unlikely to be undone by new Trump executive order

jasperlawler

A review of the price action on July 2, the last NFP day Drop me a comment if you have a question or think I'm missing something!!

jasperlawler

A look back at the price action around the June 5 NFP release