🖼 Daily Technical Picture 📈
➤ Equities changed little on Monday trade. It is probably digesting the price reactions from last week. It is also probably awaiting to see the CPI numbers on Wednesday. The data is released pre-market 1hr before US open so we may see some positioning ahead of the inflation number during Tuesday trade.
➤ To be honest I'm not expecting too much action on Wednesday either. This is because prices are trading within a range and I don't think the ranging activity is done. Furthermore, there is a distinct lack of movement in TLT, the 20yr US bond ETF. This is either because no one knows what's going on with interest rates over the long-term i.e. buyers/sellers are equally opposing each other or they think interest rates will stay at current levels for the foreseeable future. The comfounding economic data certaintly points to the latter.
➤ I'm yet to get a trade signal. We are confined to the sidelines until then. I'm hoping the CPI numbers will provide us with a trade opportunity.
➤ Conclusion: 🐆 Trading is patience.
EQUITY TREND:
⦿ Short-term (weeks) - NEUTRAL
⦿ Medium-term (< 6 months) - UP
⦿ Long-term (>6 months) - DOWN
➤ Equities changed little on Monday trade. It is probably digesting the price reactions from last week. It is also probably awaiting to see the CPI numbers on Wednesday. The data is released pre-market 1hr before US open so we may see some positioning ahead of the inflation number during Tuesday trade.
➤ To be honest I'm not expecting too much action on Wednesday either. This is because prices are trading within a range and I don't think the ranging activity is done. Furthermore, there is a distinct lack of movement in TLT, the 20yr US bond ETF. This is either because no one knows what's going on with interest rates over the long-term i.e. buyers/sellers are equally opposing each other or they think interest rates will stay at current levels for the foreseeable future. The comfounding economic data certaintly points to the latter.
➤ I'm yet to get a trade signal. We are confined to the sidelines until then. I'm hoping the CPI numbers will provide us with a trade opportunity.
➤ Conclusion: 🐆 Trading is patience.
EQUITY TREND:
⦿ Short-term (weeks) - NEUTRAL
⦿ Medium-term (< 6 months) - UP
⦿ Long-term (>6 months) - DOWN
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.