More upside on Gold and Gold ETF While Gold fell yesterday due to interest hike fears and China's economy.
I believe the Gold still has more upside.
Currently, looking at gold miners ETF. Believe that it might fall to support level ($26 area) and bounce back higher.
Aiming for around the $ 30 area..
However, should it break $26, I will exit my trade.
ETF
SPY S&P 500 ETF Bearish FlagIf you haven`t noticed, our Midterm Elections price target was reached:
Now besides the technical bearish flag chart pattern, if i look at the SPY S&P 500 ETF options chain, i would buy the $376 strike price Puts with
2023-1-20 expiration date for about
$7.56 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
SPY Will Go Up! Buy!
Hello,Traders!
SPY bullish reaction
To the CPI news continues
And we saw that the price
Broke a local key level las week
Now SPY will likely retest the
Horizontal support briefly
And then go further up
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
Trend of MSCI Hong Kong Index ETFUnlike the more widely referenced HSI Hang Seng Index of Hong Kong which is dominated by Chinese stocks listing on Hong Kong market, MSCI Hong Kong Index only have ~6% stocks controlled by Mainland Chinese entities and another ~6% stocks that are significantly and directly exposed to behavior of Chinese consumers (For example companies which main business are casino in Macau and such). Hence it is more capable of reflecting the economy of Hong Kong.
However, EWH being an ETF that track the MSCI Hong Kong Index, does not appears to benefit from this distinction.
SPY S&P 500 ETF Price Target After The Midterm ElectionsThe Price Target for the Midterm Elections was perfectly reached, as you can see from the preview chart:
I think there is still some juice left for this week, full of enthusiasm and promises of a soft landing from politicians.
Then, by the end if the year, we will see Jamie Dimon`s "economic hurricane coming our way!"
My price target for SPY S&P 500 ETF is the pre-pandemic level of $338.
Looking forward to read your opinion about it.
SPY S&P 500 ETF Bullish Ahead of Midterm ElectionsWasn`t it strange to see META losing 25% and AMZN 20% in one week, yet the SPX S&P 500 still being bullish?! :)
I told you in the previews chart, because of the Midterm Elections:
In every country is the same, politicians in power try to keep the markets optimistic ahead of elections to get more votes, because the economy is doing great thanks to them.
I wouldn`t be surprised to see the SPY S&P 500 ETF touch the psychological price of $400 days before the vote, while televisions talk about a potential reversal.
So we still have 8 days of unexpected bullish market while the earnings of the companies reporting are lower.
And don`t get frustrated to see that this was another bear market rally and the SPY will touch the $338 Pre-Lockdown level before Christmas.
Looking forward to read your opinion about it!
SMH ETF (Global Semiconductor’s trend”..20/Oct/22VanEck ETF which “tracking /invest” on 25 global major semiconductors stocks. Probably found its “base” @ around 148.90 - P/s. Probably the “next recession” might be caused by “geopolitical tensions” cause by 2 big brothers..A kinds of “wars e.g chips war, trade war, or “actual war”....” Probably an “Imposed /sanctioned by” a “freedom democracy/free trade” country toward “a so called not a democracy country”..
$STXRES Satrix Resources. Testing channel support (again)This channel is holding up pretty well with the top and the bottom of the channel being tested multiple times.
Best case scenario is support holds up once again and and we test the top of the channel
Worst case is this ends up being a bear flag, support breaks to the downside and we test support levels lower down (blue lines)
If you go long, impliment a stop loss. This is a bear market after all.
Trading Idea - #BlackRockMy trading idea for BlackRock Inc. - SHORT / SELL
Target: 593.00 USD (approx. 14% profit potential)
Blackrock is under pressure. The US state of Missouri is withdrawing money from Blackrock from its pension funds. State Treasurer Scott Fitzpatrick accuses Blackrock of focusing too much on environmental, social and governance (ESG) criteria at the cost of the return. In fact, $500 million were at stake.
The world's largest asset manager is also affected by the stock market turbulence. The assets under management are sinking, profits are falling. Blackrock reacts promptly and declares a hiring freeze. Only particularly important positions will be occupied.
Chart: The great hope in the second quarter was in the support forming around the USD 580.00 mark. The July impulse was only of short duration and the price fell below the 580 line. There is currently no other support in sight, so further falling prices are to be expected. The 580 USD mark could become a resistance line in the short term.
GLD: Sandbox ⛱After the hard work of finishing wave iv in magenta, we expect GLD to play a bit in the yellow sandbox between $150.72 and $140.40, all the while completing wave (4) in yellow. Then, it should get down to business again – or rather get up to business, as we expect GLD to climb northwards, crossing the resistance at $171.23. There is a 35% chance, though, that GLD could rise above this mark directly and without amusing itself in the yellow sand.
SPY S&p 500 ETF and the Midterm ElectionsThe U.S. midterm elections will be held on Tuesday, Nov. 8, 2022.
All 435 U.S. House seats and 34 of the 100 Senate seats are on the ballot.
If you haven`t sold the high P/E ratio explained here:
Then you should know that the Current S&P 500 PE Ratio is 18.10. Sill high in my opinion.
Even though my Price Target for the end of the year is $338, i expect a short term rally before the Midterm Elections.
Looking forward to read your opinion about it.