GROWTH STOCK CONTINUE TO OUTPERFORM VALUE STOCK SO FAR
2020-08-31
GROWTH VS VALUE
GROWTH STOCK CONTINUE TO OUTPERFORM VALUE STOCK SO FAR
APPLE‘S PERFORMANCE AFTER SPLIT(TECHNICAL AND FUNDAMENATALS ANALYSIS)
APPLE SHARES AFTER SPLIT 4 FOR 1 HAS TAKEN EFFECTA AS MONDY, AUG 31, THE STOCK CONTINUE HEADING UP TO HIT $131 SO FAR
TECHNICALLY,IF PRICES MOVE ABOVE APROJECTED RISING CHANNEL LINE BY A SIGNIFICANT AMOUNT IT UGUALLY INDICATES A STERNGTHENING TREND, SO WE HAVE REDRAWED THE UP CHANNEL BECAUSE THE UPTREND IS ACCELERATING, I DO THINK APPLE SHOULD HIT $135 IN NEAR TERM BEFORE CONTINUE SURGING UP TOWARDS $150 BUT KEEP UR EYE ON, THE STOCK ON MEGA-OVERBOUGHT TERRITORIES
FUNDAMENTALLY:- THE AVERAGE 10.4% INCREASE AAPLE SHARES HAVE SEEN ACROSS ALL OF THE COMPANY‘S STOCK SPLIT,BUT MEGA BAINDS LIKE AAPLE THAT HAVE CARRIED OUT STOCK SPLIT HAVE SEEN THIER SHARES EXPLODE BY 33% WITHIN THE YEAR, LIKE 2014 WHEN IT INCREASED 36.4% ONE YEAR AFTER
ALSO LIKE THE 2014 SPLIT CONCURRED WITH THE I PHONE 6, THIS SPLIT COMES AS APPLE IS LAUNCHING THE I PHONE 12 LINEUP THIS FALL, THEY‘LL BE THE COMPANY‘S FIRST 5G SMART PHONES
ANOTHER FACTOR THAT COULD ENCOURAGE STRONG AAPLE POST SPLIT IS RETAIL TRADERS‘ACTIVITY BEING HEIGHTENED THIS YEAR AMID THE PANDEMIC
FOLLOING APP;E‘S 4 FOR 1 STOCK SPLIT WE‘D EXPECT NEAR TERM RETAIL DEMAND FOR APPLE SHARE TO INCREASE(RETAIL TRADERS HAVE ACCOUNTED FOR UP TO 25% OF STOCK MARKET ACTIVITY DURING THE PANDEMIC VS 10% IN 2019)
FINALLY, APPLE DELIVERED IMRRESSIVE RESULTS ON JULY 30 AS IT ANNOUNCED IN ITS THIRD QUARTER EARININGS
SO ALL THE FACTORS THAT HAVE BEEN MENTIONED BOOST MORE INVESTMENT LEADING TO POST SPLIT GAINS
2020-08-29
92% GO ALL IN ON EURO
SPECULATORS GO "ALL IN" ON EURO. NET LONG POSITION JUMP BY ANOTHER 14.809 CONTRACTS OR $1.9BN TO HIT FRESH ATH OF 211.752 NET EURO LONGS NOW ACCOUNT FOR 92% OF ALL THE OPEN (NET) SPECULATTIVE FX POSITIONS
SCOTIABANK HAS CALCULATED
DO U THINK SMART MONEY SEE WAT WILL HAPPEN NEXT? OR 92% GO ALL IN REPRESENTS EXTREME GREED AND THAT MEANS EURO WILL SOON COLLAPSE?
THE NEGATIVE RATES CLUB
WILL THE US EVER JOIN THE NEGATIVE RATES CLUB?
I THINK RATE 0.1% AT THE FRONT DOOR LIKE UK👌
2020-08-28
DOLLAR INDEX
AS SHOWN ABOVE IN GRAPH 2, OUR ANALYSIS WAS DEPEND ON: HOW THE FED CAN CONTROL IN YIELD CURVE, AND ONE OF THE MAIN PILLARS OF TECHNICAL ANA;LYSIS "HISTORY REPEATS ITSELF" NOTICE, STEEP DECLINE FOLLOWS BY DISTRIBUATION AND SO ON..... HOW MANY TIMES HAS THIS HAPPEND??
DISTRIBUATION PHASE WAS A REVERSAL PATTERNS LIKE TRIPLE TOP OR D.TOP BUT HERE THIS REVERSAL PATTERNS DOES WORK AS A CONTINUATION PATTERNS, IT IS ALSO CONSIDERED A PART OF FLAG OR PENNANT
IN FACT, WHEN WE LOOK AT THE US DOLLAR WE SHOULD TAKE CARE ABOUT 3 THINGS THAT AFFECT THE GREENBACK, GOLD, EURO, US10Y YIELDS(FED‘S MONETARY POLICY INDIRECTLY) TO SEE THE FULL PICTURE, AS I MENTIONED YESTERDAY IN GOLD ANALYSIS(https://stockcharts-home.blogspot.com/2020/08/gold-update_27.html) , EURO ON 19/8/2020(https://stockcharts-home.blogspot.com/2020/08/blog-post_19.html), THEY ARE IN A CONSOLIDATION PHASE AND ANOTHER PUSH HIGHER TO COMPLETE MOST LIKELY 3 WAVES UP OF IMPULSIVE SEQUENCE
ON THE CONTRARY, US10Y YEILDS IN A DISTRIBUATION PHASE AND ONE MORE PUSH DOWN TO COMPLETE CYCLE OF FIVE WAVE DOWN AS C WAVE OR A OF WAVE Y LOOK AT (https://stockcharts-home.blogspot.com/2020/07/us-10yt.html) ON 14/7/2020, ANALYSIS OF THESE 3 FACTORS FAVOR OUR PERSPECTIVE IN GRAPH 1 , THAT US DOLLAR IS FORMING A TRIANGLE AS WAVE 4,AND THEN FURTHER DECLINE INTO WAVE 5
OKAY LET‘S TRY AND SHOOT FOR 88.5-90
EVENTUALLY, THE FED‘S NEW POLICY SUGGESTES THE CURRENT ULTRA LOW RATES WILL STAY LOWER FOR LONGER, THEREBY PRESSURING THE DOLLAR IN SHORT TERM ONLY, THIS IS WHAT I THINK, ACCORDING TO OUR ANALYSIS IN GRAPH 1
AFTER THE WAVE 2 IS COMPLETE , EXPECTED SHARP RALLY TAKES PLACE TO HIT A HIGH ABOVE 103.96, SO US DOLLAR IN LONGER TERM GONNA GO UP
2020-08-27
GOLD UPDATE
GOLD VERY LIKELY TAKES SIDEWAYS, TO COMPLETES THE TRIANGLE, I DO THINK MINOR WAVE 4 STILL ONGOING(NOT FINSHED AS SHOWN IN GRAPH 2), ONE MORE PUSH UP TO COMPLETE FIVE WAVE UP SEQUENCE THAT, COULD MAKE A NEW ALL TIME HIGH
ALTERNATIVELY, TRIANGLE HAS COMPLETED AT $1932 THEN THE LAST PUSH UP HAS COMMENCED IMMEDIATELY, AND A NEW RECORD HIGH AHEAD
US 10Y REAL YIELDS vs S&P 500
LOW REAL YIELDS HAVE PUSHED UP EQUITY PRICES
US 10Y REAL YIELDS HIT FRESH LOWS WHILE S&P 500 HIT FRESH HIGHS
2020-08-25
THE DOLLAR AND STOCKS IN INVERSE CORRELATION SINCE MARCH
THE DOLLAR AND STOCKS HVE MOVED LIKE A MIRROR IMAGE SINCE MARCH,THEIR CORRELATION HAS COLLAPSED TO NEAR THE MOST NEGATIVE IN THE HISTORY
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COPPER
COPPER , BUMP AND RUN PATTERN ON WEEKLY CHART, PRICE IS HEADING UP AND BREAKOUT THE DOWNTREND BUT IT DID NOT HOLD UP MUCH, SO THROWBACK OCCURED LATER
I THINK THE THROWBACK WAS GREAT OPPORTUNITY TO RE-NTER AGGRESSIVE TRADER TO AT LEAST $3400
WHEN PRICES CLOSING ABOVE 3400, ITS ANOTHER CHANCE TO CONSERVTIVE TRADER TO POTENTIAL UPSIDE TARGET ROUND $4900
2020-08-24
HISTORY WILL REPEAT ITSELF IN THE DOW JONES
ONE OF THE THREE PREMISES ON WHICH THE TECHNICAL APPROACHE IS BASED, HISTORY REPEATS ITSELF, THIS ANCHORE DEPENDS ON THE STUDY OF HUMAN PSYCHOLOGY HICH TENDS NOT TO CHANGE, AND THE CHART PATTERNS WHICH WORKED WELL OVER THE PAST YEARS, IT IS ASSUMED THT THEY CONTINUE TO WORK WELL IN THE FUTURE
ACCORDING TO THIS PREMISE, THE DOW JONES WILL MAKE A NEW ALL TIME HIGH AS SHOWN IN GRAPH 1, THAT THE V BOTTOM WHICH REVEAL THE BULLISH PSYCHOLOGY OF THE MARKET HAS BEEN REPEATED MANY TIMES, AND EVRY TIME RECORD HIGH WAS IN PLACE
BUT U SHOULD ANTICIPATE THAT THE SELLERS AT KEY RESISTNCE ARE LURKING UNDER BED😅😉
2020-08-22
DEBT CLIMBS & RATES FALL
DEBT CLIMBS, RATES FALL
DO U THINK RATES ARE BEING SUPPRESSED
IS GOLD OVERVALUED ??
IS GOLD OVERVALUED AT CURRENT LEVELS!?
NET 31% OF FMS INVESTORS THINK GOLD IS OVERVALUED
2020-08-21
DOW LAGGING THE S&P 500
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
THE DOW JONES IS LAGGING THE S&P500 AS IT IS UNDERWEIGHT IN TECHNOLOGY AND OVERWEIGHT IN FINANCIALS &INDUSTRIALS
GERMAN 30Y YIELDS vs JPAN 30Y YIELDS
GERMAN YIELDS HAVE FALLEN BELOW THOSE OF THE JPAN 30Y
GEMAN BUND YIELDS TRADE AT -0.78% WILE JAPANESE 30Y BOND YIELD 0.62%
TESLA & OVERSTOCK.COM P/S RATIO
TESLA& OVERSTOCK MULTIPLE EXPANSION
P/S RATIO CHANGE
TESLA 832.4%
OVERSTOCK 574%
THIS METRIC IS CONSIDERED A VALUATION METRIC THAT CONFIRMS WERHER THE SALES OF A COMPANY JUSTIFIES THE STOCK PRICE,P/S RATIO MIGH ALSO BE AHANDY METRIC FOR COMPANIES THAT ARE NOT PROFITABLE YET
SINCE THEY MIGHT BE VALUED MORE SO BY THIER OVERALL SALES AND POTENTIAL OF BECOMING PROFITABLE IN THE FUTURE
2020-08-20
SILVER UPDATE
SILVER AS I STATED BEFORE HAS BEEN COMPLETED MINOR WAVE FOUR AT 23.59 MIGHT THE SBAPBACK FROM THAT LOW IS MINUTE WAVE ONE OF MINOR WAVE FIVE OF INTERMEDIATE WAVE ONE OR C , WE HAVE KEY LEVEL 27.75 A MOVE BELOW THAT LEVEL IS REQUIRED TO HINT SILVER IS HEADING LOWER
FINALLY , CLOSING BELOW 23.59 MAKE ALTERNATIVE SCENARIO ADMISSIBLE,AS C WAVE COMPLETED AT NEARLY 30, AND PRIMARY B WAVE(ORANGE) IN PLACE AND THE BEARISH RUN IS COUNTED 1,2...1,2
كل عام وكل المسلمين بخير بمناسبه العام الهجرى الجديد
كل عام وكل المسلمين فى جميع انحاء العالم بخير وسعاده
عام هجرى جديد سعيد علينا وعلى امه الاسلام ان شاء الله
اللهم حقق لنا فيه كل الخير والتقدم والسعاده وارزقنا فيه طاعتك وانصر فيه الاسلام واعز المسلمين
اللهم امين
2020-08-19
APPLE REACHES $2 TRILLION MARKET VALUE
SINCE 20 YEARS AGO APPLE‘S STOCK WAS LESS THAN $4, NOW SHARE PRICE MORE THAN $450,AND THE MARKET CAPITALIZATION ABOVE $2 TRILLION AS STOCK SURGES TO NEW RECORD HIGH AT $467.77
EURvs USD
IM STILL BEARISH ON EURO ON THE LONG RUN, ACCORDING TO THE ABOVE DIAGRAM2 , IN DIAGRAM1 THE FIVE WAVE UP ADVANCE WHICH HAS BEEN BEGUN FROM MARCH LOW PRESENT AN UPSIDE CORRECTION OF MINOR WAVE C OF INTERMEDIATE WAVE B OR WAVE TWO,BUT MY PRIMARY SCENARIO IS A,B,C TO COMPLETES DOWN PRIMARY WAVE Y OF CYCLE WAVE 2, OR ALT WAVE 4
I DO THINK MINUTE WAVE 3 FINSHED AT 1.1967 AND FOURTH MINUT WAVE CORRECTION UNDERWAY MAY BE HEADING DOWN TOWARDS 1.1716-1.181 RANGE BEFORE RESUMING FURTHER UPSIDE TO COMPLETE MINUTE WAVE FIVE,THAT COULD HIT 1.2219
2020-08-18
S&P500 BOOKED A NEW ALL TIME HIGH
AFTER HISTORIC COMEBACK,ALL TIME HIGH FOR SP500 PAIRED WITH VIX CLOSING>=20
UNBELIEVABLE....THIS WAS OFFICIALLY THE FASTEST BEAR MARKET EVER AT ONLY ONE MONTH , 5 MONTHS TO RECOVER FROM THE BEAR IS ONE OF THE FASTEST EVER
2020-08-17
TESLA NOTCHED NEW RECORD HIGH
TESLA SHARES NOTCHED A NEW TIME HIGH TODAY,ACCORDING TO GRAPH 1 , I DO THINK IT WAS EXPECTABLE, WE ANTICIPATED THAT CORRECTION WOULD ESTABLISH IN 1300-1400 RANGE , IT WAS THE FOURTH WAVE OF THE THIRD WHICH VERY OFTEN FINSHED ,MOST COMMONLY NEAR THE END OF THE PRIVIOUS FOURTH WAVE OF ONE LESSER DEGREE
THE POTENTIAL NEXT UPSIDE TARGET IS 2100$ OR 2250$ , BUT YO SHOULD TO KNOW TESLA IN MEGA OVERBOUGHT TERRITORIES
HOWEVER IT SEEMS THAT THE TECHNOLOGY SECTOR HAS REGAINED ITS LUSTER AGAIN , YET THIS DOS NOT PREVENT US BEING MOINTOR CLOSELY MARKETS, AS WE ARE IN A CRITICAL JUNCTURE
2020-08-14
WILSHIRE 5000 INDEX
WILSHIRE5000 TOTAL MARKET INDEX, IT IS OFTEN USED AS A BENCHMARK FOR THE ENTIRELY OF THE US STOCK MARKET, AND IS WIDELY REGARDED AS THE BEST SIGNAL MEARURE OF THE OVERALL US EQUITY MARKET, UNFORTUNATELY IT IS LESS POPULAR THAN OTHER WELL KNOWN US INDECIES SUCH AS DOW JONES , S&P500
HOWEVER , WILSHIRE 5000 HAS MADE A NEW TIME HIGH TODAY AT 34628 AFTER RECORD HIGH WAS 34616 ON 19/2/2020, IT IS THE SECOND INDEX MADE A NEW ALL TIME HIGH AFTER NASDAQ100
2020-08-13
GBP vs USD
GBP/USD DAILY RANGE, HAS BEEN FORMING BEARISH CRAB PATTERN, THE COMPLETION POINT AT 1.4815(1.618XA IDEAL COMPLETION POINT) BUT IN CRAB AND DEEP CRAB PATTERNS, THERE IS ADDITIONALMEASUREMENT 1.902XA AS ADDITIONAL TOLERANCE LIMIT BEYOND THE 1.618XA, ITS POSSIBLE IF PRICE ACTION IS STRONG AT COMPLETION POINT THAT PEICE EXCEED1.618XA AND REACH 1.902XA AT 1.5410
IF U R LONG PLACE STOP LOSS BELOW 1.4510
2020-08-12
GOLD UPDATE
IM STILL BULLISH ON GOLD , DESPITE I STRONGLY BELIEVE GOLD NEEDS A CORRECTION, MY BULLISHNESS OUTLOOK WILL REMAIN AS FAR AS GOLD HIGHER 1766$, AND I CONSIDER THE BEARISH RUN FROM ALL TIME HIGH AS MINOR WAVE FOUR, AS SHOWN ON CHART 2
BUT IN FACT IM LEANING TO CONSIDER THE MASSIVE DECLINE WHICH HAS BEEN TAKING PLACE IS FIVE WAVES DOWN SEQUENCE, THERE ARE SOME CHARACTERISTICS OF IMPLUSIVE WAVE FAVOR THIS POSSIBILITY LIKE ACCELERATED FREE FALL PRICES AND I DO THINK THE COLLAPSE FROM 2049$ TO 1864$ IS A THIRD WAVE NOT C WAVE , BECAUSE THE THIRD WAVE‘S CHARACTERISTICS ARE VERY CLEAR LIKE HEAVY VOLUME , MOMENTUM, SHARP MOVE , LONG BARS, FINALLY TO CONFIRM THIS VIEW, I WANNA TO SEE A NEW LOW BELOW 1864 TO COUNT FIVE WAVES
ON CHART 1, REGARDLESS OF THE UPSIDE WAVE WHICH TAKEN GOLD TO THE NEW ALL TIME HIGH AND WHAT IS ITS NAME, THE EXTENDED FIFTH WAVE COUPLED WITH DECLINE IN FIVE WAVES SUGGEST, CORRECTION WILL REACH MAXIMUM RETRACEMENT, I MENTIONED IN YESTERDAY‘S ANALYSIS ABOUT THE EXPECTED LEVELS THAT GOLD COULD REACH IT ACCORDING TO EACH POSSIBILITY
A SIDE NOTE:- THE WAVE FROM 1450 LOW TO ALL TIME HIGH , I DO THINK THE COUNT ON GRAPH 1 IS THE MOST CORRECT ,BECAUSE WAVE 2 IN GRAPH 2(GRAY) RELATIVELY SHORT , ONLY RETRACED 23.6%, THIS RETRACEMENT ADEQUATE TO WAVE FOUR CORRECTION, PRECISELY TRIANGLES
2020-08-11
GOLD
WE HAVE 3 INTERPRETATIONS OF GOLD, FIRST OF THEM THAT GOLD HAS A ROOM TO MORE UPSIDE, ACCORDING TO GRAPH1, GOLD MIGHT ENDED INTERMEDIATE THIRD WAVE OR THIS IS MINOR WAVE ONE OF INTERMEDIATE WAVE (3), ALTERNATIVELY THE PRIMARY WAVE THREE HAS FINSHED AT 2075$,NOTICE HERE THAT FIFTH WAVE IS EXTENSION,SO CORRECTION FOLLOWING IT WILL BE SHARP MIGHT FIND SUPPORT ABOVE 1700$(CANT OVERLAP WITH WAVE 1) ESPECIALLY WAVE 2 WAS SOMEWHAT SHORT , DIAGRAMS 2 AND 3 ON THE OPPOSITE, THEY‘RE ASSUMING GOLD IN UPSIDE CORRECTION,YET THE SECOND POSSIBILITY AGREE WITH THE FIRST ONE WHERE THE RALLY IS STILL HAS UPSIDE TARGETS, BUT THE THIRD POSSIBILTY IS MORE LIKELY THAT, THE UPSIDE CORRECTION HAS BEEN COMPLETED AT 2075$,AND WE HAVE EXTENDED FIFTH WAVE, SO WE CAN ANTICIPATE RAPIDLY DOWNHILL CORRECTION TO THE DOWNSIDE IS A PRIMARY C WAVE , IT IS VERY POSSIBLE IN THAT CASE TO SEE NEW LOW BELOW 1046$
SOME MAY TAKE TODAY‘S MASSIVE DECLINE AS PREPONDRANCE OF THIS LAST POSSIBILITY, BUT LET ME SAY THAT ALL OF THESE INTERPRETATIONS ARE ACCEPTABLE 😁😉
2020-08-10
FROM GERMANY DAX vs GDP
FROM GERMANY WHERE STOCKS HAVE DECOUPPLED FROM THE ECONOMIC ACTIVITY, GERMANY‘BENCHMARK INDEX DAX#30 IS JUST 8% OFF ALL TIME HIGH, EVEN THOUGH THE ECONOMY IS TRADING AT 210 LEVELS
👍FINANCIAL MARKETS LEADING THE WAY👀
DOW JONES
THE DOW JONES ON 1H CHART
WE HAVE TWO INTERPRETATIONS OF THE STRONG SNAPBACK OF MARCH LOWS
THE FIRST ONE WHICH I CONSIDER OUR MAIN COUNT ASSUMES THAT THE DOW JONES ‘S RALLY IS FIVE WAVE UP STILL ADVANCING, ,IT IS LIKELY THAT TWO MINUTE WAVES HAVE BEEN COMPLETED AND THAT THE DOW IN THE PROCESS OF TRACING OUT THE THIRD MINUTE WAVE WHICH IS THE EXTENDED WAVE A, ACCORDING TO THIS POSSIBILITY, DOW IS IN THE THIRD SUBMIUETTE WAVE OF THE FIFTH MINUETTE WAVE OF THE THIRD MINUTE WAVE WHICH MIGHT HIT AROUND 28350
THE OTHER INTERPRETATION, SUGGEST THAT, THE RECOVERY FROM BEARISH MARKET LOW IS WORKING ON AN IMPLUSIVE ADVANCE,AND IS IN THE LATTER STAGES, SPECIFICALLY IN THE THIRD MINUETTE WAVE OF FIFTH MINUTE WAVE OF MINOR WAVE ONE , THE MINUTE FIFTH WAVE COULD REACH 29575 IF WAVE5=0.618×WAVE 1(24764-18212)AS IS OFTEN THE CASE BETWEEN TWO NON EXTENDED WAVES, I THINK THIS RELATIONSHIP ADEQUATE TO THIS CASE BECAUSE THE THIRD WAVE IN THIS COUNT IS SHORTER THAN THE WAVE ONE , AND WAVE 3 IS NEVER THE SHOREST ACTIONARY WAVE
2020-08-08
SILVER
WE‘RE TRACKING A SCENARIO FOR SILVER SINCE NIXON SHOCK LIKE GOLD, THIS SCENARIO SUGGEST THAT THE NEW ALL TIME HIGH ON APRIL 28,2011 WAS THE CYCL WAVE ONE AS SHOWN IN GRAPH 1,THEN CYCLE WAVE TWO UNFOLDED AS DOUBLE ZIGZAG AND HAS COMPLETED AT 11.64$
SO IF THIS COUNT IS CORRECT, WE SHOULD SEE THE UPRISE WITH SHARP MOVE , HIGHLY POSITIVE MOMENTUM. AND NEW ALL TIME HIGH ABOVE 50$ AS CYCLE WAVE THREE, REALTIVELY WE SAW THAT, BUT WE CAN‘T AFFIRM THE SECOND WAVE IS REALLY ESTABLISEHED AT 11.64, AND THE THE THIRD WAVE HAS COMMENCED, MIGHT THE FIVE WAVE UP ADVANCE SUGGEST THE WAVE IS INTERMEDIATE C OF PRIMARY B WAVE ,IN FACT BOTH COUNTS ARE ADMISSIBLE
LET‘S DOWN TO THE 4H CHART TO VIEW MORE DETAILS(GRAPH 2) AS I STATED ABOVE THE 5 WAVE UP HAS BEEN IN PROGRESS SINCE MARCH LOWS AND IS STILL UNFOLDING
BUT I CAN SAY SILVER‘S RALLY IN THE LATTER STAGES
IF U WANNA TO BE IN TRADE U SHOULD WAIT PULLBACK OF FOURTH WAVE (RED COLOR) AT AROUND 24.20$ TO UPSIDE TARGET HAS A ROUGH ESTIMATE OF 30-31.5 RANGE
2020-08-07
SUCCESSFUL COVID19 VACCINE AND ITS IMPCAT ON SAFE HAVENS
GOLDMAN WARNS A SUCCESSFUL COVID19 VACCINE COULD SPARK A SELL OFF IN BONDS AND ROTATION OUT OF TECH STOCK INTO CYCLICALS
PERSONALLY, I THINK EFFECT WILL NOT BE ON BONDS OR TECH STOCKS ONLY BUT MOST LIKELY GOLD BEFORE THEM
EUR vs USD
EVERY TRADER IN EUR VS USD SHOULD KEEP EYE ON 1.1696
IF PRICE ACTION CLOSES BELOW THIS LEVEL ON CHART 1H OR 4H
YO SHOULD EXIT IF YO ‘RE LONG
THE TARGET TO THE DOWNSIDE MAY BE 1.1475
2020-08-06
HOW THE S&P 500 PERFORMED DURING MAJOR MARKET CRASHES
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
IN 2020, HISTORIC FISCAL STIMULUS MEASURES ALONG WITH TRILLIONS IN FED FINANCING HAVE FACTORED HEAVILY IN ITS SWIFT REVERSAL
THE RESULT HAS BEEN ONE OF THE STEEPEST RALLIES IN S&P500 HISTORY,DESIPTE SOME ECONOMIC DOWNTERNS HAVE BEEN OCCURING, LIKE THE ECONOMY IS MIRRORING GRAT DEPRESSION LEVEL UNEMPLOYMENT NUMBERS REACHING 14.7% IN APRIL 2020,WHICH REVEALS THE SHARP DISCONNECT BETWEEN THE MARKETS AND BROADER ECONOMY
I DO THINK ,THE INVESTORS ARE REALIZING THAT THE RSCESSION THAT TOOK PLACE EARLY THIS YEAR WAS NOT DUE TO ECONOMIC PROBLEMS, IN ADDITION THEIR CONFIDENCE IN THE ACTIONS TAKEN BY THE US FED AND THE FISCAL STIMULUS
FINALLY THEY HAVE THE CONFIDENCE TO OVERCOME THIS CRISIS
THIS IS THE PSYCHOLGICAL ASPECT OF FINANCIAL MARKET INVESTORS
GOLD AND STOCKS BACK IN SYNC
IF ENOUGH PORTFOLIOS ARE ATTEMTING THE FINANCIAL ALCHEMY IN PLACE OF GOVERMENT BONDS WITH GOLD FOR RISK PARITY ,GOLD AND STOCKS BECOME INCREASINGLLY CORRELATED
NOTE:- GOLD‘S RISE ALONGSIDE STOCK MAKES IT AN IMERFECT SUBSTITUTE
2020-08-05
DOLLAR INDEX
USD DOLLAR DAILY RANGE
I HAVE ELLIOTT ANALYSIS SINCE LONG TIME, I DO THINK 2 YEARS AGO. ITS STILL VALID AND ADEQUATE TO INTERPRETATION THE RECENT PRICE ACTION OF US DOLLAR
US DOLLAR IS PROGGRESSING IN INTERMEDIATE WAVE (2) OF PRIMARY WAVE FIVE THAT MIGHT BE COMPLETED AT 91.35-89.50 RANG
NIO SHARE IS A BUY !!
IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
NIO IS A CHINESE AUTOMBILE COMPANY THAT DESGINED AND MANUFACTURES PREMIUM ELECTRIC VEHICALES, IT HAS BILLED ITSELF AS AN UP AND COMING RIVAL TO TESLA😁
TECHNICAL SPEAKING:- NIO WAS FOUNDED IN 2014 BUT IT WENT PUPLIC IN THE U.S ON SEPT,12,2018,SO WE CAN CONSIDER THE FOUNDING IN 2014 TO THE TOP OF 2018 IS THE FIRST WAVE ,AND CORRECTION HAS TAKEN PLACE AS WAVE TWO UNTIL OCT LOW, 2019
OR WE CAN START COUNTING FROM THE OCT LOW,2019 AT 1.22 AS FIVE WAVE UP SEQUENCE STILL DEVLOPING , I THINK NIO COMPLETED FOUR WAVES AND THE ADVANCE IS NEAR TO END, WE NOTICED FROM MARCH LOW NIO SHARES RUNNING UP MORE THAN EIGHT TIMES, ITS OBVIOUSLY THE MASSIVE RUN UP WAS THIRD WAVE THAT ENDED AT 16.42$ BEFORE THE PULLBACK TO 11.74$ OCCURED AS
WAVE FOUR , SO THE SHARE LOOKED LIKE IT WAS ON THE EDGE OF A MAJOR UPWARD PUSH(FIFTH WAVE)
NEEDLESS TO SAY, RE ENTRY POINT WAS AT 11.74 TO UPWARD TARGET AROUND 17.75$ OR EVEN MORE AND STOP LOSS PENNY BELOW 11.74 OR PENNY BELOW 10.9
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