HanG Seng came under fire and could see new lows in coming days. The price action recently flushed through resistance at 22416 and is now unwinding longs positions on a move down. A break below 21068 could see a move into 20165.
Gold remains under pressure...it's possible we see a secondary move lower into 1794...would mean the USD is getting ramped and share markets potentially pounded.
Spot Gold not looking too healthy...could easily rollover below 1860...Daily chart struggling. Notice the wicks on the daily which correspond to a failed to break above 1880 on the lower timeframe 30 min chart....see what the next few days brings
The ASX200 is bias up ahead of the CPI release today....into previous resistance and highs so may react lower again but for now is looking nicely supported.
HMX on the ASX is shaping up really nicely as price action holds a higher low and drags in more buyers. It may be only a matter of when not if bulls will charge up through 12 cents. With great prospects and news flow, I expect a solid move up.
Spot gold has held a good base and worked its way higher recently to break the downtrend from around 2067. With price action showing some good signs for a new leg up, i think it is a good idea to keep an eye on your favourite Gold Stocks. Check out the video for my Gold Price Action Analysis and where I think the precious metal is going along with the key levels to watch.
The Morning Jumpstart Weekly Review 20/06/22...key levels to watch on major markets for the coming week!! Cryptocurrencies remain under pressure and I expect that things will get worse before they potentially get better as we see cracks appearing in the underlying fundamentals of the asset class. Solana is taking an unprecedented step of freezing a large account...
Share markets bounced back as the European and US markets brush aside higher inflation and rate rises. Markets are only in correction mode and have not built a longer term base so I expect a grind up prior to another bout of selling pressure to come in to the action. The Fed does nit seem as intent on containing inflation as first thought as we see the USD...
Share markets managed to find some buyers to hold up off the lows as the US was largely range bound for the session. Buyers were happy to soak up the selling pressure from a weak open and fend off another selloff. The USD ran lower as safe havens moved down which lifted Gold. Major US indexes look set to bounce again into the weekend on more bargain hunting. The...
Review of the key levels in the major markets as the US flounders and is mixed ahead of Powells speech in the coming US session. Traders will be eagerly awaiting to see what Powell has to say about inflation and the Feds interest rate plan. USD edged lower as safe haven dollar buyers closed long positions. The general trend for major Indexes remains down with the...
Review of the key levels in the major markets as the US continues to edge lower. US share market staged a late rally to fend off the bears which has led to a strong Asian market open as traders go bargain hunting. The general trend remains down with the USD, Inflation and Interest Rate Rises in focus. BITCOIN and ETHEREUM took a beating as BTC spiked below $30k...
Review of the key levels in the major markets as the US continues to edge lower. Major market indexes remain bias down for now. USD remains high while Oil , Gold and Cryptos take a beating. I still expect that there may be a major unwind of margin as traders get themselves in trouble and are forced to reduce risk. Key theme is around the USD and whether it...
Review of the key levels in the major markets ahead of the new week. Key theme is around the USD and whether it continues higher above 104 (USD Index) or we seems some dollar weakness. Markets covered US - DOW, Nasdaq and SP500 Europe - DAX and FTSE100 Asia - Hang Seng, ASX200 and Nikkei FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY Commodities -...
US markets meltdown Friday and pressure Asian and European Indexes lower. I talk through the major US indexes and others in Europe and Asian, highlighting the key levels to watch and the overall trend and bias of the action. Focus on : - US - DOW, SP500 and Nasdaq Europe - DAX and FTSE Asia - ASX200, Hang Seng and Nikkei FX - USD, EURUSD, AUDUSD, GBPUSD and...
Like a lot of major Indexes in Europe and the US, the ASX has extended higher into the end of the month and quarter. Expecting that there has been a lot of window dressing pumping the share markets higher so watching now for an opportunity to fade the strength for a move down. The setup will be key as shorts have been squeezed out numerous times and I will have...
Morning Jumpstart Macro View and US market recap 1-02-22 The US had a late session burst higher that dragged the major Indexes into green territory ahead of key US employment data Friday. The USD continues to grind lower while Gold was range bound. Copper had a strong session while Oil continues to hold recent gains setting for another push higher. For a deeper...
Morning Jumpstart Macro View and US market recap 1-02-22 The US ended the session well into the green again as end of month window dressing triggers another buying frenzy into tech. Prices on the Nasdaq, SP500 and DOW are all at key levels that could see another selloff in coming sessions. For a deeper look at the price action, key levels and what I see playing...
Morning Jumpstart Macro View and US market recap 31-01-22 US ended the week with a bang as bargain hunters went shopping to support the broader US market. Tech was again the favoured stocks which lifted the SP500 while the DOW lagged the enthusiasm. There may be some end of month window dressing on the cards also which may have provided some support. For a...