Jump to content

NFP jitters in stocks?


Recommended Posts

I am short term bullish, long term bearish on stocks and in the run up to NFP tomorrow we have seen the usual whiplash jitters apparent on a market rally 100% reliant on central bank largess (some might say delusions of grandeur...) for sustainability.  Will a high number result in a rally because the economy is apparently strong or a drop because the Fed will have fewer excuses not to raise rates?  Will the reverse occur?  Who the **** knows?  FWIW (and that ain't much!) I think we will see a miss and a drop in USD on rate rises being once again put off).  This would finish off the retrace in GBP/EUR at least.

 

I have noticed some short term bearish signals and a possible market top (although I don't rate this as a high likelihood just yet, still it cannot be ignored).  Using the Dow, and you can see similar on other related markets, my Daily chart is showing a small possible head & shoulders formation with a neckline that has proved decent support so far.  The time period is not long enough for this to be a strong signal in my view but could represent a retrace signal (EWT 3-4 - see 4 Hourly chart).  For now I expect a retrace and/or rally up to the 19,000 area, which has been my target for the top for some time now with a confluence of 3 tramlines offering resistance.

 

On the 4 Hourly you can see a small scale H&S top (blue circles)around the Wave 3 (blue) top {note this is the possible wave 5 H&S top on the Daily, but I prefer this retrace set up} with a neckline that was broken yesterday and is now being retested at a down-sloping tramline point (pink line).  Should that retest fail I see a fall away to a possible retest of the Flag formation near the Fib 50% (drawn from the Wave 2 (Blue on the daily chart).  At this point the retrace would complete and a final rally to the Top would begin.  Within all this is NFP or course...

 



 

 

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
      21,256
    • Total Posts
      90,862
    • Total Members
      41,360
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Insathalahki
    Joined 04/02/23 14:25
  • Posts

    • The epidemic in recent years has produced profound changes in people's lifestyles, and many of their activities have started to be developed in the virtual world, which plays an important role in promoting the development of the universe of meta. Games, as an important part of the universe of meta, will be the first industry to gain the benefits , but the following conditions are still indispensable for blockchain games to achieve better development.   - Wallets and Exchanges. Through the use of wallets, game users can truly take control of the assets in the game, and exchanges provide a trading platform and liquidity for these game assets NFT, helping users trade and revitalize their game assets. Wallets are a key application for depositing blockchain assets. Currently, wallets such as Metamask are not enough to support the extensive adoption of block games, and wallets will further advance community drive the popularity of blockchain games.  - Game playability. The biggest difference between blockchain games and traditional games is that gamers are also investors. Many blockchain games have gone out of course, treating all users as investors only and forgetting that the essence of making games is to develop high-quality games that users are interested in paying for. If most people play a game just to make money, and no one is ready to pay for it, it becomes a side-scam. The revenue of the participants of the side scam comes from the money of the people who come later, and if there are not enough people who come later, they will not be able to cash in the revenue, leading to the breakdown.  - Speed and performance. A high level of concurrency is the characteristic of game applications, so Wax, Coinan Chain and Polygon, which are public chains with a high level of concurrency and low fees, have attracted a large number of game developers. In the future, with the maturity of technologies such as Ethernet Layer 2 and slice scaling, as well as the maturity of other gaming public chain technologies compatible with EVM, blockchain games will have a better development and operation environment.  - Cross-chain and interaction. Cross-chain and interaction of game assets will be a direction of future development of metaverse games, and blockchain should be connected and accessible like the Internet. The maturity of cross-chain technology in the future will promote the cross-chain transfer of game assets and NFT, and improve the interaction experience of the system                                                                                     The game should maintain the operation of the project by relying on the payment of some users or selling profitable products, just like the new blockchain game Fairy Cat in 2023, which developed diverse gameplay for players and increased the playability of the game, thus got the recognition of many players. Blockchain games need to work hard on game experience and playability. Token economics is essentially just a kind of interest structure , and even good token economics cannot replace the development, operation and profitability of the project itself. It is believed that with the maturity of the above conditions, more and more game developers and investors will enter this industry and together promote the production of some blockchain games with beautiful graphics, first-class experience and high playability.
    • Hello, Is any interest paid on "available" cash (not "margin") in a spread betting account? For example, if I held £10k in an account and had no open positions. The reason for asking is that I understand that proceeds from short sales in a CFD will receive interest (benchmark-2.5%), so was wondering if that applied to all cash, and couldn't find an answer on the web site.   Thanks.
    • Hi @Mark12 If you are trading shares, you will have the option to place a limit order to sell your existing position. When the market opens, please check if your order level is close to where the market is trading. All the best, OfentseIG
×
×
  • Create New...