Guppy Trading, Essential Methods For Modern Trading : Daryl Guppy A compilation of the very best of Daryl Guppy Daryl Guppy has been one of Australia's foremost experts on share trading and charting...
Why The Fed Should Not Taper Alone (based on Forbes article)
The Fed’s decision to taper its large-scale asset purchases is causing turmoil in emerging markets. But neither the Fed nor the US Treasury seem remotely concerned. The FOMC’s latest decision to continue the taper at $10bn per month makes no mention of anything other than US domestic conditions. And Jack Lew, the Treasury Secretary, suggests that problems in emerging market are more down to bad policy on their part than anything the Fed is doing.
Getting That Reversal (based on dailyforex article) Trading a trend reversal can be the source of the most profitable trades but it is often the most difficult area to enter for two reasons: firstly,...
Is February a Risk-On or Risk-Off Trade: Equities or Gold & Bonds (based on thetechnicaltraders article)
Recent price action in the stock market has many traders on edge. With the market closing below our key support trend line last week, the market has now technically starting a down trend.
What I am looking for in the next week or two:
1. Stocks to trade sideways or drift higher for 3-6 days, then I will be looking to get short. Again, cycle, sentiment, and momentum analysis must remain down for me to short the market. If they turn back up I will remain in cash until a setup for another short or long entry forms.
2. Gold remains in a down trend but is starting to breakout to the upside. I do have concerns with the daily chart patterns for both gold and silver, so next week will be critical for them.
3. Bond prices (not yields) look to be forming a bottom “W” pattern. They have had a big run in the last few weeks and are now testing resistance. I think a long bond position is slowly starting to unfold but if we look at the futures price charts for both bonds and gold, they have not yet broken to the upside and have more work to do.
India to Expand Manufacturing Sector, Create New Jobs with Sustainable Planning (based on forexminute article)
Whereas the Chinese manufacturing sector is slowing down, India is looking to create as many as 100 million skilled jobs in the manufacturing sector. The country is also trying to raise the share of manufacturing sector in gross domestic product (GDP) to 25 percent from 16 percent. In his statement Commerce and Industry Minister Anand Sharma hoped that this would be possible by 2022. Mr. Sharma is of view that India aims to raise manufacturing (sector's) share of GDP from 16 per cent to 25 per cent and create 100 million skilled jobs. According to the minister this is a must do for the government of India as there is no other option with it to give employment to millions of youths who form a majority now in India.
D1 price is on primary bearish and breakdown is going on. Price is trying to break 0.8125 support level on close bar for downtrend to be continuing on D1 timeframe.H4 : Ranging market condition within primary bearish. If the price will break 0.8061...
D1 price is on correctional movement, and Chinkou Span line is near to be crossed with historical price from above to below for good breakdown on D1 timeframe. The price on H4 timeframe is on primary bearish condition trying to break 1.6427 support...
EURUSD breaks trendline support (based on dailyfx article) EURUSD remains capped by the trendline that connects the 2008 and 2011 highs. The break below the trendline that extends off of the September...
We wish we were in ... (based on theartnewspaper article) On the image -Thomas Hirschhorn's Mürrischer Schnee, 2014, in Gstaad/Switzerland Gstaad, where the outdoor art extravaganza, “Elevation 1049:...
Elliott Wave Analysis: EURUSD Bearish (based on forexminute artile)
EURUSD will be on our radar screen in coming days and sessions as we want to get involved on the short side of the pair after recent nice and strong fall from 1.3680 which suggests that new big leg against the euro has began. We are tracking an impulsive price action after recent break out of the base channel so shorts should be attractive after a three wave rally. Waiting; patience!
Elliott Wave Analysis: OIL Bullish (based on forexminute artile)
On Crude oil we turned bullish this week after reversal up from 95.18 where we labeled end of a corrective three wave decline. From there prices turned to a new high as expected but slow and also overlapping price action from 96.00 suggests that market could be forming the shape of an ending diagonal placed in wave v) of (iii). If that is the case then upside potential is limited; we see resistance at $99 per barrel so be aware of a reversal tot eh downside.
Newell Convers Wyeth (October 22, 1882 – October 19, 1945), known as N.C. Wyeth, was an American artist and illustrator. He was the pupil of artist Howard Pyle and became one of America's greatest illustrators. During his lifetime, Wyeth created over 3,000 paintings and illustrated 112 books, 25 of them for Scribner's, the Scribner Classics, which is the work for which he is best known. The first of these, Treasure Island, was one of his masterpieces and the proceeds paid for his studio. Wyeth was a realist painter just as the camera and photography began to compete with his craft. Sometimes seen as melodramatic, his illustrations were designed to be understood quickly. Wyeth, who was both a painter and an illustrator, understood the difference, and said in 1908, "Painting and illustration cannot be mixed—one cannot merge from one into the other."