DOWD trade ideas
DOW head and shouldersTypical head and shoulders pattern.
Bearish is set for a small amount of time, before we see the next rise.
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DEJA VU...REPEATED !!
Did you feel comfortable on Friday, less comfortable on Monday, and committed on Tuesday ?! Well, it reaches the brothers that no miracle lasts more than 3 days.
I hope I'm wrong, but after the wind direction today it seems that we will have bright red showers, which in some areas, can bring flooding in the Square.
Those who have left home with the SL umbrella that is open, or those who think of it as long-term, and if it can be worn look, do not have to be afraid. The others, however, would be better to take shelter because it can be an acid rain.
But Crypto's friends seem to be the most upset. In them, the showers turned into hail the size of an asteroid in Armageddon. Depending on the tolerance "to blows" or the spirit of "Handsome Boy", they can be put in the ground up to the knee, to the waist, or to the neck, depending on the strength of the Dragon.
What's more, it's time to stay at home and count ..... the popcorn beans. And let us be optimistic to think that after every storm the sun rises, and after every night comes day.
Even after the Polar Night 🙂
SCARY DAY ! IF IT'S WEDNESDAY IT'S MAD!
Or
THE BRIDGE OF SighS !!!
The Fed, OPEC, BIDEN, COVID and the outside rain hit the same day. With the slogan roast the pastures, poison the fountains, scare the investors, the Bau Bau group above seems to have brought a total eclipse of daily optimism on the financial markets. From Crypto to metals, they all seem set for declines at today's opening, on the principle "head in the ground, the sword does not cut it", learned from the Service Ostrich. Google alone, the new owner of dream reports, seems to be successfully withstanding this fiery day.
Of course, a lot can change during the day, and especially after each event. But it is important to decrypt Powell and Biden's messages today, faster and better than an SRI did with the Russian spy.
And no matter how hard Powell tries to convince us that the rate is going up, and inflation is transient, the olfactory organ that grows more than Pinocchio is empty. We expect uncertainties until 9.30pm, when Powell's diction can impact indices, metals and of course EUR / USD.
Then comes Biden somewhere late at night, who armed with Tony Robbins 'books, and Houdini's will, will try to fool Congress into cutting a healthy slice of the Americans' ready money cake. I don't think it will succeed, at least not at the level mentioned in the press, but Piata is already more cautious than the law stipulates, only according to rumors. After all, if you ask for a block of flats, to get at least a 10-room villa, it seems like a solid strategy. Let's see where the pot closes.
Until another one, do you remember that suspension bridge through China, where, in addition to the infernal balance, the glass was breaking under your feet !? So is the sensation of the markets today. But just like at that bridge, in the end everything was just imagination, and you were safely at the opposite end.
After today's storm, I predict a quiet morning tomorrow. Green because it's spring. And what could be more enjoyable on a spring morning if not a collectible coffee. And a cigar eventually ... And profit in portfolios. So I'm free today. I let others shake their heads ...
We'll be talking tomorrow when I think we'll have .....
EVERYTHING GREEN !!!
HOLY WEEK AND NUCLEAR WEDNESDAY !! HOLY WEEK AND NUCLEAR WEDNESDAY!
10:30 p.m. Warm morning sun, some nature chirping from the birds around, a great time to enjoy a coffee. Start HOLY WEEK!
Financially speaking, after a recovering Friday, it would be natural for the green to flood the Square today. And maybe it will be! But we can't help but glance over the cup of coffee at the situation of the week that seems hectic. First of all, thanks to reports, a number of world giants must be in the works. But this is not necessarily the problem, because they are expected to report well. The problem would be Wednesday, a really explosive day.
Let's see why:
1. Biden's speech.
Nothing can be more worrying than Biden's speech at Wednesday's joint congressional session, where he is expected to reveal the first details of his widely reported tax hike so far, planned for the wealthiest of Americans.
The president of all wants an unlikely 43.4% for the richest Americans, bringing combined state and federal taxes to places like New York and California to over 50% !! No matter how difficult it will be for him to impose in the congress, in the short term the Market will react to rumors.
2. OPEC meeting
Normally this meeting would sanctify the plans established a month ago if no other events happen in the last period. But ... didn't it happen ?! Well, India is the world's third largest consumer of oil, on infusions and fans literally, after a series of days with over 300k infections / 24 hours. Japan, the 4th largest consumer, also has problems with Covid ul. Iran lags behind with progress in talks with US, which may mean it will export oil again sometime in the not too distant future
3. EDF meeting
Originally categorized as a NON Event, it could be an influence in various directions. Of all, I would mention the Precious Metals Market. In a long-awaited recovery, they have already stumbled at the first resistance, diverted by various external factors.
One could be Powell, who enters an interview with Reuters on Tuesday, said the central bank will limit any exceeding of its inflation target.
In any case, metal prices are expected to consolidate, or even decline, until Powell's post-Fed press conference.
As a result, we have 3 events + quarterly reports, which can send almost any sector in almost any direction, affecting virtually the entire market. Normally, near such confluences, investors stand a little aside. Normally I said, but is it a period of normalcy !?
Of course not !!!
So we have 2 interesting days until Wednesday, when we hoped we would have:
EVERYTHING ABNORMALLY GREEN !!!
DOW ShortDOW Short
Wedge Breakout
Price Crossed SMA13 and 50 with big Volume
OBV<OBV SMA34
W%R Crossed -50
Entry 61
Stop 66
Target 50
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
DOW potential breakout of long term channel coming?Flag forming into ascending triangle here. Been watching this name for a while. Good swing over the months, but now looks like a solid long. If breakout confirmed, its going to 70s and forming new strong support in the 65 region.
DOW chemicals is a strong business in the materials sector in same way as DD (Dupont) is.
