Month: February 2020

S&P 500 falls 4% The S&P 500 was briefly down more than 4% as it touched 2855. That’s a level I’ve been highlighting today because it’s the October low. Technicals are critical in a market like this because the fear is overwhelming and the obvious spots are where everyone is managing risk. After hitting the
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Here is the playbook for the week ahead [embedded content] While we still have clear this weekend’s China PMI data, and the South Carolina primary, the central focus next week will remain on the spread of the Coronavirus above all else as it has gripped the financial markets. We do also navigate through Super Tuesday,
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200 day MA at 108.392 The USDJPY has tumbled lower and in the process has moved below the 200 day MA at 108.393 now.   Earlier in the day, the price tumbled below its 100 day moving average at 109.23 area and an upward sloping trend line at 108.90. In addition to breaking the 200 day moving average, the
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No flight to safety in gold The price of gold is tumbling and now down $67 (and moving) as I type. There is no safe haven bid into gold as investors may be using the recent upside gains to cover margin losses in overleveraged equities (perhaps?). Technically, the price has moved back below the swing hi from January at $1611.42.The 38.2% retracement of
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Futures finish 1.2% higher The rally that started in the final 15 minutes of trading continued into the after-hours and futures are up 1.2% on the day. That’s nearly +5% from the intraday low. There is some chatter about an emergency Fed rate cut after the statement from Powell but it’s tough to say if
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China’s economy was hit hard right from the Lunar New Year holiday and the weeks after from the coronavirus outbreak.  deaths now number >3,000 in China  Severe travel restrictions Severe actions on public health Business closures  Manufacturing 35.7, this is the lowest ever recorded for this indicator.  expected 45.0, prior 50.0 Non-manufacturing 29.6 … I
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This video shows 10 simple Forex trading systems for beginners, including simple trading methods. If applied with a proper money management, would offer 10 winning strategies for rookies. Link for indicators download: https://jasperhealer.com/forex/indicators-download/bank-of-indicators/ For supporting my channel check Trend Analyzer here: http://tiny.cc/Trend-Adviser For supporting my channel also check a free indicator builder: http://tiny.cc/EA-builder For a
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