$Henry Hub Natural Gas Futures(DEC4) (NGmain.US)$ Natural Gas is Starting to Look More Bullish Nat gas has had a rough go since November this year. It has lost over 20% of its value since. The unseasonably warmer than usual weather in the norther hemisphere and the slow global economic growth has held down the commodity. More recently nat gas was consolidating near its lows with a bear flag type of wedge pattern. It seemed as if the commodity was forming a...
SpyderCall
OP
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@ThirtyOne Check it out. I know you were asking about $United States Gasoline Fund Lp (UGA.US)$ the other day. We might see a swing up soon. I'm still trying to decide wether to go long or not. I can't find any news or any type of catalyst for this pop so I am still skeptical.
SpyderCall
OP
TinkerB3ll
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That is exactly why I am skeptical. I feel like the manipulation could be at its highest ever since the Russian war/Nat gas supply issues.
$Crude Oil Futures(JAN5) (CLmain.US)$ In a previous post about crude prices, I mentioned the areas where we might see some selling. Currently, the price of crude is just below the first area of resistance that I discussed. Check out the post in the link directly below. Dovish Macro Picture Oil prices have been on a very sharp rally for the past few months. Policy from Opec has been the main driver of this price spike. The macroeconomic situation is still very dovish fo...
Dk kang
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Al Jazeera reported that missiles were exchanged between southern Lebanon and northern Israel this morning, and that the war zone is expanding to the border between Israel and Syria.
Sector Rotation Tech has been killing it in the market this year, thanks to the artificial intelligence boom. The tech sector has lifted the entire market while other sectors have greatly underperformed. Occasionally, an overheated sector will begin to cool off as investors rotate their capital into underperforming sectors in expectation of a broadening rally or a change in the economy. Even the NASDAQ announced a special rebalancing later this month, ...
SpyderCall
OP
Silverbat
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A soft landing is what I see playing out on the economic data. I think the market is already pricing in the soft landing possibly. But I'm not certain on that. One thing that could be a worry is if inflation falls too fast and for too long. this would be very bad for any economy.
SpyderCall
OP
Silverbat
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Who knows. Europe, UK, and Australia paused and then hiked again. They haven't signaled a pause yet. However, the Fed has signaled a decrease in interest rates going further, so it will take a big increase in inflation to change that narrative. But anything can happen in these crazy markets
Narrative vs. Sentiment The narrative in world markets changes regularly. These narratives control market sentiment and essentially direction of price action within the markets. Market narratives range from a global pandemic, war, skyrocketing inflation or interest rates, slowing economic data, recession fears, or even improving economic data. Instances like these occur on a regular basis, and they can change the direction in markets. Ge...
SpyderCall
OP
iamiam
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right. that is why home builders numbers are up. they are trying to catch up the the demand. this should effect housing prices. Actually this past economic data showed that housing prices fell more last month than they have fallen in over 30 years. Powell said there should be a housing correction but since the pandemic housing prices have only gone up. This is the first drop in a while and it is a big one. Maybe this is just the tip of the iceburg. I cant call this one but i will be ready for the ride which ever direction it goes.
iamiam
SpyderCall
OP
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I think that's misleading because my area is building houses like crazy and my home value keeps going up. there is no drop on prices here only increases. what that number is reflecting is an exodus from large population centers like California, new York, illinois to lower one's. the problem we have is no one wants to sell here.
There are several instances when a positive catalyst for one security can be a negative catalyst for another type of security. This can happen for many reasons, such as macroeconomic factors, competition, or intra market mechanics. Here are a few examples of inverse trade pairings. Competition Go Long: $$Advanced Micro Devices (AMD.US)$ Go Short: $$Intel (INTC.US)$ These two are in the semiconductor space. This sector is in full rally mode, so going short on either of t...
When Is a Good Time To Buy IMPP? IMPP had its IPO during the time when energy and commodity markets were in a massive rally due to the Russian war and supply chain challanges. This ticker symbol had one of the best spikes in price compared to the entire energy sector. It was trading like a meme stock on certain days. The hype and euphoria seem to be lingering with this stock even though the share price has been falling for quite a while, and the energy bull run seems...
102640653
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Can u check for me tencent technicals chart n Shanghai technical charts. Look like China markets may not totally follow us markets. May be a different game plan. Since January China markets have underperformed while us markets outperformed . There r many issues unknown yet. As I worked out looks to be a wonderful third n forth quarter for China n hongkong . All depends how the data come in place. I still see china government manipulating their data in order to dictate market direction. Need your help for technical reading bin Tencent n China markets shanghai
102640653
102640653
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Thanks . If Alibaba really gets settled with spin-off then it might kick start a rally here . It almost looks undervalued. Tencent too
SpyderCall
OP
102640653
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whatever it is, if the spinoff is a segment that is less profitable on average than the whole, then it should be moderately beneficial for BABA. Or they could just be trying to raise money. we will see what happens soon
$NVIDIA (NVDA.US)$ NVDA is currently one of the strongest equities in the stock market. Last week, after printing all-time highs, the ticker closed in the red. Will there be more selling this week for the semiconductor company? Or will NVDA climb to new all-time highs next week? It appears that NVDA is forming a consolidating ranging pattern. The pattern is not quite confirmed yet, but if this week starts off with strong selling, then the resistance of this ...
The start of the first half of this year started out rough. The reason is not because my investment account tanked. I was forced to liquidate a large majority of my investment account to pay for certain unexpected life expenses. This led my account to dip below margin requirement, so I couldn't trade every day like I normally would. My investment account was flat, and I had a lot less disposable income. I didn't know what to do with myself. In the first quarter of the year, the m...
Asphen
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I'm thankful that though price action and TA, I was able to see and chart the wave with the rally from mid Mar, though many crash callers were touting mother of all crashes.
SpyderCall
OP
Asphen
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Right. usually, the most bearish news is near bottoms in the market. With news, it is smart to only follow data and not opinions. Sometimes the news is only there to provide volatility. Some headlines are released simply to instigate buyers when insiders need to sell or vise versa. It can be difficult for insiders to buy or sell millions of shares without causing a reaction in the markets. So, they often use the media to bring in liquidity
MoneyComesMoneyStays
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While everyone was saying a recession is coming, even though most are saying it for political reasons for the last 3+ years, I kept buying and I'm now in the green. I'll continue to buy and buy extra if a dip comes.
Asphen
SpyderCall
OP
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Well said, sir. Market is manipulated and often any news we hear are already baked in. we need to see what's coming up 6 to 9months down the road as that will determine the market.
$Hang Seng Index (800000.HK)$ Hang Seng Technicals The recent rally in Chinese equities was caused by hopes of stimulus in China as well as bullish equity markets in other countries. Things were looking very promising for chinese equities. But the chinese government stimulus lacked luster, so the current rally has fizzled out. So what is next for chinese equities? Long-Term Trend The current long-term outlook for the Hand Seng index is barish. You can see the long-term trend in the ...
102640653
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I hope so that last Friday was a pullback. There has been large volume of accumulation in Alibaba, Tencent, jd, byd, nio. N some Chinese etf. In the past 2 weeks . I am looking at positive signs forming. U may be able to catch the Low . That’s what I see now. These levels r very interesting. Good luck.
SpyderCall OP : @ThirtyOne
Check it out. I know you were asking about $United States Gasoline Fund Lp (UGA.US)$ the other day. We might see a swing up soon. I'm still trying to decide wether to go long or not. I can't find any news or any type of catalyst for this pop so I am still skeptical.
ThirtyOne SpyderCall OP : I appreciate it! Yea I have been watching this with UNG
TinkerB3ll SpyderCall OP : Agree personally now look to go long but again NG is so highly manipulated
SpyderCall OP TinkerB3ll : That is exactly why I am skeptical. I feel like the manipulation could be at its highest ever since the Russian war/Nat gas supply issues.
Ultratech TinkerB3ll : ng is heavily shorted that's why kold when ung is high
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