DJI Potential for Bearish Momentum | 17th November 2022The overall bias for DJI on the H4 chart is bullish . However, we intend to utilize the pullback. So we're looking for a sell entry at 34281.36 , which is the previous swing high and the 78.6% Fibonacci line. The stop loss will be set at 35492.22, the previous swing high. The take profit will be set at 32135.41, which is the 61.8% Fibonacci line.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJI
What's real?All that glitters is not gold.
These are the main indices for the US economy. Don't trust them blindly.
I am just repeating something I posted quite some time ago. You have two pockets, one full of USD, one full of stocks. As a trader you fill each one and empty the other one, when you feel that it is worth it. If half the money is in USD and half invested in stocks, what is the damage to the US economy this last year? And more specifically, the damage of the liquid part of the economy.
Answer: Absolutely zero. Why? Because this "recession" we lived thorough doesn't look like what it looks like.
For decades we took energy, food, health and peace for granted. In a split second we had to start thinking differently.
The same goes for investing, the same goes for trading.
There is this saying, that if you invent a revolutionary trading method and it is successful, when everyone picks it up and applies it, the market absorbs the effect, thus breaking it. You can't fix a problem if you are INSIDE the problem. If you want to look at the US economy, you have to look it from outside.
This chart does something like that. You could measure DJI in Euro or Yen. You could just measure it in an average-of-all-other-currencies currency. I obsess with this transformation. If you measure USOIL in Yen, you will see an immense problem. If you just look at USOIL measured in dollars, everything is peaceful.
If we all believe that DJI is the measure of the strength of the economy, then it isn't. I am oversimplifying. I also won't say that just this multiplication will solve our problems. I just want to point out that the real picture is blurred with all these modern methods and the famous indices.
A handful of companies own most of the worldwide wealth. A handful of people in reality... This is not a conspiracy, it is the Pareto Distribution which is one of nature's fundamentals. They could, in theory and in practice, manipulate the economy at will.
Why am I saying that? Because the smaller companies of SPX were hurt compared to the blue-chips. These charts show just that. Throughout this year, the big ones didn't get hurt at all. And their price movement? Curiously similar to the normalized chart. Did anything happen to Apple, Amazon, Google, Tesla, McDonalds? Nada.
Blue: DXY*DJI/100
Orange: MCD
Blue: DXY*SPX/100
Orange: AAPL
I am not trying to say that these two companies manipulate the economy. But surely Apple, the biggest company in US, is so heavy that its steps feel like earthquake to us.
Tread lightly, for this is hallowed ground.
-Father Grigori
Apple iMarket 14Apple IS the market. The peak of the market has a name and a shape, and the name is eyephone and the shape is apple.
The recent crisis in stock market, didn't affect companies like Apple. They did not fall for the FED trap.
It is not surprising though, since it is the apple month of September. And after the great reset they will be one of the survivors.
PS. The orange chart is DXY*SPX. It is the normal appearance of SPX. Not everything you see is real. This similarity is hidden in plain sight. We don't move where apple moves, we are apple(s).
Make sure to read the previous idea.
If this chart looks coincidental, do realize that the recent "recession" is nothing more than a panic-buying-selling of stocks caused by an explosion of dollar value. The foundations of economy are alive for now. We are not in a recession, yet...
Tread lightly, for this is hallowed ground.
-Father Grigori
DOW JONES Will a Rate Cut do more harm than good to stocks?Bold question and should certainly raise some eyebrows but let's look at the complete picture. This chart displays Dow Jones (DJI) and the Federal Reserve Interest Rate (blue trend-line) on the 1M (monthly) time-frame.
I will make it quick to save us time and then each person can individually make their own conclusions from the chart. The combination of the Fed raising the rates since the start of the with Dow dropping, hasn't been seen often historically on this data set dating back to June 1954. In fact historically, Dow (stock markets in general) tend to rise along with rates. Some times (4 in history) when the Rate Cut happens, Dow drops as well. Most of the times the stock rally continued without a major drop even after the Rate Cuts.
Basically the only time on this data-set that resembles today (assuming the Fed pauses or cuts in 2023) is 1969/70, 1972-74 and 1983/84, with the latter largely associated with Fed Chair Volcker monetary practices. During those periods, Dow started falling as the Rate was rising and then dropped after the Rate cut.
Do you think we are repeating such a period? Will a Rate Cut in the near future do more harm than good to the stock market?
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Monthly $DJI is a must seeGood morning lovely ppl
Maintaining trailer $SDOW #DowJones short position
May add more if we pop enough
Initiated $VIX long position
There's various ways; options $VIXY $UVXY & more
3 warnings signs, see previous posts
Ignore RSI if it shows on post
Let's see how Nov ends $DJI $DIA #stocks
DJI Potential for Bearish Momentum | 16th November 2022The overall bias for DJI on the H4 chart is bullish . However, we intend to utilize the pullback. So we're looking for a sell entry at 34106. 01 , which is the previous swing high and the 100% Fibonacci line. The stop loss will be set at 35492.22, the previous swing high. The take profit will be set at 32135.41, which is the 61.8% Fibonacci line.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJI Potential For Bullish ContinuationOn H4 chart, we have a bullish bias with the price moving above the ichimoku cloud and breaking the descending trend line, we are looking for a pullback buy entry at 32818.16, where the 50% Fibonacci line is located. Take profit will be at 35411.35, where the previous swing high and 78.6% Fibonacci line is located. Stop loss will be set at 31711.78, slightly below where the 38.2% Fibonacci line is located.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
🚨🚨🚨 3rd WARNING/ALERT $DJI 🚨🚨🚨🚨🚨🚨🚨3rd WARNING/ALERT 🚨🚨🚨🚨
$DJI threw:
Hanging Man on Friday - Bearish
Shooting Star on Monday - Bearish
Tuesday = Outside Reversal - In this case it seems mostly Bearish
$VIX is also starting to wake up and beginning to make noise
#stocks #INDU #DowJones $DIA $SDOW $UDOW
DJI Potential for Bearish Momentum | 16th November 2022The overall bias for DJI on the H4 chart is bullish. However, we intend to utilize the pullback. So we're looking for a sell entry at 34106. 01, which is the previous swing high and the 100% Fibonacci line. The stop loss will be set at 35492.22, the previous swing high. The take profit will be set at 32135.41, which is the 61.8% Fibonacci line.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
The probability of returning to 33,000Hello
I hope you have used the previous analyzes correctly and have benefited.
The Dow Jones is in an ascending channel, which after hitting the bottom of the channel was directed towards the middle of the channel and broke its important trendline, but there is a possibility of fake break and returning to the level of 33,000.
2022-???? Bear Market to be labeled as: Bond Bust!Recession, Stagflation, Inflation, Dollar Strength, Russia/Ukraine War...how about labeling the current market turmoil what it really is; A Bond Bust!
As you can see from the monthly chart below, in Jan 2022 the US10YR Yield bullishly broke the neckline of an inverse H&S that formed between June 2019-Jan 2022; then in March of 2022 it broke up again from major downtrend line. (I wrote a post about this in March 2022 saying we were in "Unchartered Territory" and the US10YR must be watched).
If the Inverse H&S plays out it means we will see interest rates in the 7.5-8% range at a minimum in the near term. (Two things worth noting: 1. Nothing about this chart is bearish nor can you say it is showing any signs of reversing anytime soon when looking at it from a long term perspective. 2. Based upon charting theory-H&S patterns usually play out IF they are formed at tops or bottoms)
Most people think of bonds as a "relatively safe" investment vs. other types of investments so when you have the below loss on a "relatively safe" investment it should send out shock waves:
2022 YTD TLT LOSS: -34.12%
TLT High to Low during current bear market (Years 2000-2022): -48.89%
A 20 year US Bond ETF losing almost 50% within 31 months should be shocking AND, as stated above, yields are not showing any signs of reversing!
Here are the YTD Losses, as of Friday, in the US Indexes.
NDX: -30.08%
RUT: -19.29%
SPX: -19.04%
DJI: -10.99%
Would you have ever thought that TLT would outperform NDX in YTD losses during a bear market? Before 2022, I think 99.9% of traders would state this would be impossible. And yet...here we are with only two months left in 2022.
Now to the monthly charts of the DOW/DJI. I wanted to have a look at this chart since it has held up relatively well to see how the current monthly chart compares to other bear markets (Defined as a greater than 20% decline close to close). The green line on the charts is the 15 SMA...I also added some horizontal highs/lows based upon the high/lows of the last time price made an ATH and then closed below the 15 SMA and then back above it BEFORE a bear market formed. No two bear markets are the same so it's really about the relationship of the 15 SMA and the horizontal pink & red lines...what this analysis tells me is we will most likely test the March 2020 low at some point in time...we might come back up and re-test the ATH or go a little above it but statistically speaking if you look at the bear markets of the last 100 years in the DOW a new bull market is not us! Oct 2022 could however provide a temporary low! (Exceptions: 1917 & 1987 bear markets)
Key take aways:
1. The US10YR Yield; followed by the other common known Treasury Yields, should be the most discussed topic and how those charts affect money flows into different types of investments instead of all the other FUD out there! Remember: Money chases yields.
2. The chances of us re-visiting the Covid lows in the DOW are high given the above analysis.
3. NDX doesn't like high Treasury Yields as it's currently the weakest of the US Indexes and very weak compared to the DOW. Its history isn't as vast as the DOW so its anyone's guess as to how low it could go or how long it could take to make another ATH. It's not an Index I'm looking at buying anytime soon as Yields have made a clear signal that the 40 year downtrend has ended so we need to change our thinking in this new environment!
4. January seems to be a topping month while October seems to be a bottoming month however that is probably just a coincidence as this was not the case in the early 1900's.
There is a lot to take in above so I hope it makes sense after you think through it...I know it's not a quick read!
DOW JONES broke above all Bear Market barriers!The Dow Jones index (DJI) broke last week, following the impressive drop on monthly inflation, above both the Lower Highs trend-line dating back to the January 05 market high and the 1D MA300 (yellow trend-line), which was the level that rejected the previous Lower High on August 16.
We've been discussing the importance of this level as a Rejection Zone for over a month and didn't hesitate to claim that a break above the 1D MA300 would restore the long-term bullish trend:
We are not backing down from this claim. The continuous monthly drop on the CPI is lifting market hopes again for a looser monetary policy but technically, there are still some key levels to consider. The price is approaching the 34300 Resistance (1), which is essentially the August 16 High. Right now it appears that we are inside a no-trade zone (blue triangle) where any direction is possible.
A closing above the 34300 Resistance (1) would be a bullish break-out signal targeting the 35540 Resistance (2), which is practically the April 21 Lower High. On the other hand, a break below the 1D MA300 and below the former Lower Highs, should seek the 1D MA200 (orange trend-line) but more importantly the 1D MA50 (blue trend-line) as Supports, a usual buyers accumulation level during Bull Runs.
P.S. Watch the huge bullish divergence on the RSI 1W time-frame.
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DJI Potential for Bearish Momentum | 15th November 2022On the H4 chart, the overall bias for DJI is bullish . However, we are looking to play the pullback. So we are looking for a sell entry at 34106. 01 , where the previous swing high and 100% Fibonacci line are located. Stop loss will be set at 35492.22, where the previous swing high is located. Take profit will be set at 32135.41, where the 61.8% Fibonacci line is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJI Potential For Bullish ContinuationOn H4, with the price moving above the ichimoku cloud and breaking the descending trend line, we are looking for a pullback buy entry at 32818.16, where the 50% Fibonacci line is located. Take profit will be at 35411.35, where the previous swing high and 78.6% Fibonacci line is located. Stop loss will be set at 31711.78, slightly below where the 38.2% Fibonacci line is located.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJI Potential for Bearish Momentum | 15th November 2022On the H4 chart, the overall bias for DJI is bullish . However, we are looking to play the pullback. So we are looking for a sell entry at 34106.01, where the previous swing high and 100% Fibonacci line are located. Stop loss will be set at 35492.22, where the previous swing high is located. Take profit will be set at 32135.41, where the 61.8% Fibonacci line is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Waiting for confirm $DJI, plus other positions, 50% cash nowNO GAP $DJI UP so what now?
Looks like there's still momentum, it's early in day
Yesterdays HANGING MAN is warning sign, NOT a reason to go short, let's see how day fares
Waiting for CONFIRMATION
$ATVI is our largest position, rolled 1/2 $TWTR $ there
$BHP
#GOLD #SILVER
Bought $VZ last week
Own $INTC @ 28
$AMC last week
Still have trailer $LEU
Still hodl $CLX $MPLX $KHC
Cash in major account is 50%
In others it's bit less
No "day trading/aggressive" $ used
DJI Potential for Bullish Continuation | 14th November 2022On the H4 chart, the overall bias for DJI is bullish. Furthermore, the price is above the Ichimoku cloud, indicating that the market is bullish. With price tapping into my buy entry at 32135.41, where the 61.8% Fibonacci line is located, I am looking to take profit at 35492.22, where the previous swing high is located. Stop loss will be at 30775.37, where the 38.2% Fibonacci line is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
VIX very close to target, SPX rally coming to close soon?🚨🚨🚨$INDU🚨🚨🚨
We gap open & sell off with volume, party OVER for $DJI
(shorting if we gap up)
Serious RSI negative divergence
This happens $VIX fills gap & reverses
This means $SPX gets close enough to down trend
#stocks time for lil cool down, till December?
VIX closing on target. DJI in trouble? SPX lil more steam?🚨🚨🚨$INDU🚨🚨🚨
We gap open & sell off with volume, party OVER for $DJI
(shorting if we gap up)
Serious RSI negative divergence
This happens $VIX fills gap & reverses
This means $SPX gets close enough to down trend
#stocks time for lil cool down, till December?