Bears eye a run to 1.2170, but watch out for the trap
GBP/USD bulls face the task of getting back over the line ahead of the NFP. Bears are taking on a key layer of support with eyes to 1.2170. GBP/USD is on the defensive following a recent break of daily structure that led to a colossal sell-off in the London and New York equities opening hours. […]
GNG TV: Big Moves as Bulls See Risk-On Environment | GoNoGo Charts
In this week’s edition of the GoNoGo Charts show, Alex and Tyler take a macro top-down approach to understanding what technical analysis is telling us about market moves. Starting with an Asset Map and moving through treasury rates, gold, the dollar, and the S&P 500, they use GoNoGo Charts to outline the picture in terms […]
Joe’s Best-Looking Sectors | Stock Talk with Joe Rabil
On this week’s edition of Stock Talk with Joe Rabil, Joe shows off a different pattern that was not included in his book. Using MACD and Price/MA together, we can identify a potential turning point. This pattern is a different form of momentum divergence and just took place on the AMD weekly chart. He then […]
XAG/USD dwindles after hitting a 9-month high, back below $23.50
After hitting a new nine-month high of $24.62, Silver price nosedives, failing to break the $23.00-$24.50 range for the fourth consecutive day in the week, and exchanges hands at around $23.40s at the time of writing. Wall Street continues to record gains bolstered by a big tech company projecting a positive outlook for 2023. The […]
You Gotta Love a Good Wedgie | Don’t Ignore This Chart!
In the second half of 2022, the price chart for XLY started to form a falling wedge pattern.This pattern or formation is characterized by two converging trendlines, BOTH moving lower. The falling wedge variant comes in two variations. It can be either a continuation within an established uptrend or a reversal pattern at the end […]
The Labor Market and the Stock Market | Mish’s Market Minute
By the time you read this, the buzz of what the Fed did and Powell’s presser will be over… at least for the day.We will not repeat the obvious.What we are way more focused on is the underlying reasons that the Fed, unless they are willing to goose rates to over 8%, will have little […]
The Fed’s Interest Rate Decision: How To Play Your Trades | ChartWatchers
Gain insight into the Fed’s interest rate decision and explore how you can strategize your trades in the future.CHARTWATCHERS KEY POINTSThe Fed raises interest rates by 25 basis points (0.25 percentage points).Stock markets closed higher after hearing Chairman Powell’s comments.Monitoring sector performance may be the way to go in 2023.Can the market move on and […]
The Ord Oracle January 31, 2023 | Top Advisors Corner
SPX Monitoring Purposes: Sold long SPX 1/27/23 at 4070.56 = Gain 6.51%; Long on 12/20/22 at 3821.62.The top window is the cumulative GDX Up Down Volume percent with a 200-day average, and the bottom window is the cumulative GDX Advance/Decline percent with a 200-day average. These types of indicators look at the bigger picture and can […]
How Markets Really Work | Dave Landry’s Trading Simplified
In this week’s edition of Trading Simplified, Dave jumps right into his “Mind The Trade” segment with a discussion on how markets really work. He then explains how embracing your own emotional nature can help you to wrap your head around the emotional nature of the market. He then continues his discussion on seeing “what is” […]
XAG/USD slumps below $23.50 ahead of the FOMC’s decision
Silver fails to hold to its earlier gains above the 20-day EMA, with traders eyeing $23.00. Silver Price Analysis: Consolidated, slightly skewed downwards, as oscillators turned bearish. Silver price struggles at the 20-day Exponential Moving Average (EMA) at $23.66 and is dropping toward the lows of the day, at around $23.40s, as investors prepare for […]