Something Interesting in Financial Video March 2014 - page 4
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Press review
newdigital, 2014.03.29 20:35
Nikkei forecast for the week of March 31, 2014, Technical AnalysisThe Nikkei as you can see rose during the week, breaking above the top of the shooting star from the previous week. That being the case, we believe that this market will more than likely continue to at least go sideways, if not go higher. We have no interest in shorting this market until we get below the ¥14,000 level, something that probably isn’t going to happen in the short-term. That being the case, we are buyers on a break of the ¥15,000 level, but recognize the fact that the move to the ¥16,000 level will probably be relatively choppy
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newdigital, 2014.03.30 08:07
DAX forecast for the week of March 31, 2014, Technical AnalysisGerman index initially fell during the week, but found the €9200 level to be supportive enough to turn things back around and bounce high enough to clear the €9500 level. Because of this, we believe that the market will continue to go higher, but it might be a bit of a choppy affair. If we can clear the €9800 level, we believe that there isn’t much standing between that and the €10,000 level. Ultimately, it doesn’t matter, we are buyers of the DAX nonetheless. With that, there is no selling opportunity as far as we can tell and we believe that the €9000 level will continue to be the “floor” in this market.
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newdigital, 2014.03.30 11:00
NASDAQ forecast for the week of March 31, 2014, Technical AnalysisThe NASDAQ fell during the bulk of the week, breaking the 4250 level to the downside which of course triggered the cell position that traders could have had based upon the shooting star from last week. However, we had suggested previously that this market has plenty of support below, and as a result we are now looking at the market for support near the 4000 level, and perhaps even the 4100 level. Right now, we are on the sidelines but simply waiting for that supportive candle in order to start going long.
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newdigital, 2014.03.30 13:51
S&P 500 forecast for the week of March 31, 2014, Technical AnalysisThe S&P 500 as you can see fell during a large portion of the week, but found enough support at the 1840 level to turn things back around. Nonetheless, we are essentially consolidating at elevated levels, and a move above the 1880 level would more than likely signal that the market is ready to head to the 2000 handle. We think that it will eventually happen, but we could get a little bit of a pullback in the meantime. We see the 1780 level as a bit of a “floor” in this market, so as long as we stay above there we are “buy only.”
Forum on trading, automated trading systems and testing trading strategies
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newdigital, 2014.03.30 13:53
Silver forecast for the week of March 31, 2014, Technical AnalysisSilver markets fell during the bulk of the week over the last by sessions, but as you can see on the daily chart, there are signs of support coming into the marketplace. $19 is a very obvious support level as well, so we simply think that regardless, we don’t have enough room to start shorting the market now from a longer-term perspective. Quite frankly, we would love to see some type of supportive candle down here because we think we have more room to the upside than the downside.
Forum on trading, automated trading systems and testing trading strategies
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newdigital, 2014.03.30 13:54
Natural Gas forecast for the week of March 31, 2014, Technical AnalysisThe natural gas markets rose during the course of the last week, testing the $4.50 level. We even went as high as just under the $4.60 level, but as you can see could not hang onto the gains all the way up in that area. Although this candle is very positive, we have to wonder whether or not there’s any real strength of this move higher, simply because the Friday candle was in fact a shooting star. With that, we are only buyers above the $4.60 handle, and until then will remain skeptical.
Forum on trading, automated trading systems and testing trading strategies
Press review
newdigital, 2014.03.30 13:55
Gold forecast for the week of March 31, 2014, Technical AnalysisGold markets fell during the week, but have found a bit of support towards the end of the session on Friday. With that being the case, although this market looks bearish, it would not surprise us if the shorter-term charts lead the way here. After all, the $1280 level should be relatively supportive based upon daily charts, so we are bit hesitant to sell here. If we do break down below the $1280 level however, we can fully see how the market could find its way down to the $1200 level given enough time.