Today we look back at another ugly US session yesterday as a comeback attempt was erase, although sentiment has improved in Asia slightly, in part on somewhat confusing Evergrande news. We also cover the latest developments in energy and industrial metals, whether the FOMC even really matters for this market...
Market Quick Take – September 22, 2021
The rally in equity markets yesterday was cut short as US stocks closed slightly lower after the meltdown Monday. But overnight we are seeing another rally attempt as China is back from a long holiday weekend and has stabilized slightly with a new injection of liquidity from the PBOC and...
Implementing Risk Parity in Your Portfolio
But to make this easy, you need… A “Position Size Calculator” We have one in our TradeSmith system.
Debunking 5 “Reasons” Stocks Sold off on Monday
CNBC came up with five: Investors fear a contagion sweeping financial markets from the troubled China property market.
Is the Bitcoin-Ethereum flipping inevitable?
For several years it has been an ongoing discussion whether Ethereum will overtake Bitcoin in terms of market capitalization. The discussion has recently been amplified as users are settling more value and paying more fees on Ethereum than Bitcoin. On the other hand, the intense competition and technological challenges for...
XAUUSD is at pivot, potential for drop!
Price is at pivot level around 1,764.00 which is in line with 23.6% Fibonacci retracement level, 61.8% Fibonacci extension level and 20EMA. The price could potentially drop to support at 1,720.30, in-line with 100% Fibonacci retracement level, 161.8% Fibonacci extension level and swing low support. RSI is also at descending...
Breakout Identified in USDCHF
Signal ID: 77638 Time Issued: Monday, 20 September 2021 14:37:15 GMT Status: open Entry: 0.92714 - 0.92951 Limit: 0.92366 Stop Loss: 0.93285 The Breakout Opportunities system has just sold USDCHF at 0.9283. The system recommends entering this trade at any price between 0.92714 and 0.92951. The signal was issued because...
Extreme trader sentiment points to possible GBPUSD downtrend
Signal ID: 77639 Time Issued: Monday, 20 September 2021 16:00:15 GMT Status: open Entry: 1.36388 - 1.36708 Limit: N/A Stop Loss: 1.37188 The Trend Follower Strategy has just sold GBPUSD at 1.36548. The system recommends entering this trade at any price between 1.36388 and 1.36708. The signal was issued because...
AUDUSD is on a bearish momentum | 21 Sept 2021
AUDUSD is on a bearish momentum and is consolidating within a downward channel . We see a potential entry at 0.72860 in line with 61.8% Fibonacci retracement and our take profit level will be placed at 0.71994 which is a graphical swing low. Our bearish bias is further supported by...
UKOILSPOT in on a bearish momentum | 21 Sept 2021
UKOILSPOT is on a bearish momentum and is approaching our pivot and entry at 74.21 in line with 50% Fibonacci retracement and bearish trendline . Price could potentially bounce off and dip to our area of take profit at 72.73 in line between 161.8% extension and 61.8% retracement . MacD...