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US equities continued to rally on Wednesday, regurgitating the news about Moderna’s COVID-19 vaccine. Goldman Sachs’ upbeat reporting also gave the stock markets a boost. The S&P 500 (+0.91%) has performed better than tech-oriented Nasdaq (+0...
Market News
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Jiming Huang, 16 July 2020, 09:34
Pivot (invalidation): 40.40 Our preference Long positions above 40.40 with targets at 41.25 & 41.60 in extension. Alternative scenario Below 40.40 look for further downside with 40.10 & 39.80 as targets...
Analytics & Forecasts
  • 84
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Jiming Huang, 16 July 2020, 09:29
Pivot (invalidation): 19.4700 Our preference Short positions below 19.4700 with targets at 19.1100 & 18.9800 in extension. Alternative scenario Above 19.4700 look for further upside with 19.5700 & 19.6700 as targets...
Analytics & Forecasts
  • 87
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Jiming Huang, 16 July 2020, 09:28
Pivot (invalidation): 1803.00 Our preference Long positions above 1803.00 with targets at 1818.00 & 1824.00 in extension. Alternative scenario Below 1803.00 look for further downside with 1798.00 & 1794.00 as targets...
Analytics & Forecasts
  • 96
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Jiming Huang, 16 July 2020, 09:27
Pivot (invalidation): 3200.00 Our preference Long positions above 3200.00 with targets at 3237.00 & 3270.00 in extension. Alternative scenario Below 3200.00 look for further downside with 3175.00 & 3127.00 as targets...
Analytics & Forecasts
  • 87
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Jiming Huang, 16 July 2020, 09:24 #S&P 500
Pivot (invalidation): 12773.00 Our preference Long positions above 12773.00 with targets at 13090.00 & 13230.00 in extension. Alternative scenario Below 12773.00 look for further downside with 12690.00 & 12530.00 as targets...
Analytics & Forecasts
  • 82
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Jiming Huang, 16 July 2020, 09:23 #dax
Pivot (invalidation): 6.8610 Our preference Short positions below 6.8610 with targets at 6.8500 & 6.8440 in extension. Alternative scenario Above 6.8610 look for further upside with 6.8660 & 6.8700 as targets...
Analytics & Forecasts
  • 78
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Jiming Huang, 16 July 2020, 09:22
Pivot (invalidation): 0.7010 Our preference Short positions below 0.7010 with targets at 0.6980 & 0.6960 in extension. Alternative scenario Above 0.7010 look for further upside with 0.7035 & 0.7055 as targets...
Analytics & Forecasts
  • 81
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Jiming Huang, 16 July 2020, 09:21
Pivot (invalidation): 1.3535 Our preference Short positions below 1.3535 with targets at 1.3490 & 1.3470 in extension. Alternative scenario Above 1.3535 look for further upside with 1.3555 & 1.3575 as targets...
Analytics & Forecasts
  • 82
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Jiming Huang, 16 July 2020, 09:20 #usd/cad
Pivot (invalidation): 0.9440 Our preference Long positions above 0.9440 with targets at 0.9460 & 0.9475 in extension. Alternative scenario Below 0.9440 look for further downside with 0.9425 & 0.9405 as targets...
Analytics & Forecasts
  • 78
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Jiming Huang, 16 July 2020, 09:18
Pivot (invalidation): 106.80 Our preference Long positions above 106.80 with targets at 107.10 & 107.20 in extension. Alternative scenario Below 106.80 look for further downside with 106.65 & 106.50 as targets...
Analytics & Forecasts
  • 77
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Jiming Huang, 16 July 2020, 09:17 #usd/jpy
Pivot (invalidation): 1.2580 Our preference Short positions below 1.2580 with targets at 1.2545 & 1.2525 in extension. Alternative scenario Above 1.2580 look for further upside with 1.2600 & 1.2625 as targets...
Analytics & Forecasts
  • 86
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Jiming Huang, 16 July 2020, 09:16 #GBP/USD
Pivot (invalidation): 1.1425 Our preference Short positions below 1.1425 with targets at 1.1390 & 1.1360 in extension. Alternative scenario Above 1.1425 look for further upside with 1.1450 & 1.1470 as targets...
Analytics & Forecasts
  • 107
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Jiming Huang, 16 July 2020, 09:15 #EUR/USD
In the commodity market, gold has retreated in early trading on Wednesday but has consolidated well above $1,800 after temporarily breaking below that level on Tuesday. The metal is currently down 0.20% to $1,810...
Market News
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Jiming Huang, 15 July 2020, 09:21
Wall Street reversed higher after a depressive start of the week. On Tuesday, all three indices secured gains after a volatile session. Investors’ risk appetite increased after Moderna published encouraging data on the most probable candidate for a COVID-19 vaccine...
Market News
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Jiming Huang, 15 July 2020, 09:20
Pivot (invalidation): 39.90 Our preference Long positions above 39.90 with targets at 40.85 & 41.40 in extension. Alternative scenario Below 39.90 look for further downside with 39.50 & 39.10 as targets...
Analytics & Forecasts
  • 101
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Jiming Huang, 15 July 2020, 09:17
Pivot (invalidation): 19.1000 Our preference Long positions above 19.1000 with targets at 19.3700 & 19.5100 in extension. Alternative scenario Below 19.1000 look for further downside with 18.9700 & 18.8500 as targets...
Analytics & Forecasts
  • 79
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Jiming Huang, 15 July 2020, 09:16
Pivot (invalidation): 1803.00 Our preference Long positions above 1803.00 with targets at 1813.00 & 1818.00 in extension. Alternative scenario Below 1803.00 look for further downside with 1796.00 & 1790.00 as targets...
Analytics & Forecasts
  • 86
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Jiming Huang, 15 July 2020, 09:15
Pivot (invalidation): 3165.00 Our preference Long positions above 3165.00 with targets at 3214.00 & 3234.00 in extension. Alternative scenario Below 3165.00 look for further downside with 3140.00 & 3115.00 as targets...
Analytics & Forecasts
  • 72
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Jiming Huang, 15 July 2020, 09:14 #S&P 500
Pivot (invalidation): 12530.00 Our preference Long positions above 12530.00 with targets at 12840.00 & 13000.00 in extension. Alternative scenario Below 12530.00 look for further downside with 12420.00 & 12260.00 as targets...
Analytics & Forecasts
  • 75
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Jiming Huang, 15 July 2020, 09:13 #dax