Jump to content

Asian Stocks Down, as New Coronavirus Strain Makes a “Scary Headline”


MongiIG

Recommended Posts

Markets often do this type of tactic. Some big sellers take advantage and sell big.

Late, hours to days, the market heads back up.

This has been the usual thing..... until ..... the merry go round stops. Then the market will crash.

Question is how far a drop now and far far back up, in time rof Santa's rally?

COULD WE EXPECT A MAJOR CRASH IN 2022?

 

 

Link to comment
19 minutes ago, skyreach said:

Markets often do this type of tactic. Some big sellers take advantage and sell big.

Late, hours to days, the market heads back up.

This has been the usual thing..... until ..... the merry go round stops. Then the market will crash.

Question is how far a drop now and far far back up, in time rof Santa's rally?

COULD WE EXPECT A MAJOR CRASH IN 2022?

 

 

Hi @skyreach

image.png

Chris Harvey’s reign as the year’s biggest bull won’t extend into next year.

The Wells Fargo Securities head of equity strategy, whose 2021 S&P 500 target is 4,825, predicts Wall Street will stage a vibrant year-end rally and then see a losing 2022.

Full article by CNBC

Link to comment

Change of volume and momentum moves on the monthly to daily prices give a general indication of  likely longer term future.

Some think most markets have peaked viewing the existing total amount of borrowed money for investing because they think it is a no brainer and prudent rules go out of the window. The professionals have borrowed levels is at highest ever. This has been the precursor to bear markets.

When it starts, who can say? Anyone knows?

Also new public and other investors go into the market in its last stages. That is when some big professionals start to sell off, hence the big volatility moves in the markets. Some plausible public event / political event or an immediate negative drama unfolds is used to justify in the media why the sell off. The pattern is the same  every time.

Volatility increases , down huge amount, then up again, as the market makers have an agreed average sell price for their big clients. You cannot sell a huge quantity without the rest of the market sitting still, they sell into it too. So the price will go back up and more sell offs at the higher levels.  What happens after that depends on the general market's mood.

Lot of people, in the frenzy, think "the markets will ALWAYS GO UP AFTER A FALL / CORRECTION. But there comes a point it will  not. Still the players HOPE that it will go back up. Always investors usually experience sometime in their trading life.

 

Link to comment
4 hours ago, Marcraffard said:

Nikkei falls again today… are we going to experience a bearish week?

Hi @Marcraffard

Asian Markets Fall in Early Monday Trading on Covid-19 Concerns

Investors look for clues after Friday drops, heavy volumes. Investors around the globe are looking to Monday’s early trading for clues to the scale of the threat posed by the emergence of a new Covid-19 variant.

 

Why the New Coronavirus Variant Triggered Selloffs in Bitcoin and Stocks
After scientists identified a new variant of the virus causing Covid-19, countries restricted travel to and from southern Africa. WSJ’s Anna Hirtenstein explains that investors have turned to bonds and gold as they prepare for more potential disruption. Photo: Sumaya Hisham/Reuters
  • Like 1
Link to comment
8 minutes ago, Marcraffard said:

When I see the closing price of the Nikkei, I think we’re going to have another bearish day.

1- The shorter ones wake up!!!
2- The longer ones tighten the buttocks a little 😁

Hi @Marcraffard

Japan shares lower at close of trade; Nikkei 225 down 1.63%

image.png

Japan equities were lower at the close on Tuesday, as losses in the Paper & PulpRailway & Bus and Real Estate sectors propelled shares lower.

At the close in Tokyo, the Nikkei 225 fell 1.63% to hit a new 1-month low.

Investing.com, Stock Market News 2021-11-30

  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,617
    • Total Posts
      91,854
    • Total Members
      41,888
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Mhada
    Joined 23/03/23 08:10
  • Posts

    • #GBPCAD: Pullback From Key LevelGBPCAD reached a major horizontal resistance.The price has nicely reacted to that, forming a bearish engulfing candle on 4H time frame.I expect a retracement from the underlined structure.Goals: 1.68 / 1.677
    • #EURUSD: Important Breakout 🇪🇺🇺🇸   Bulls push 🟢EURUSD heavily after yesterday's Interest Rate Decision and FOMC. The price has successfully broken and closed above a solid horizontal supply cluster.   The next solid resistance that I see is 1.099 - 1.103 area. Probabilities will be high that it is the next goal for buyers.   For those, who missed entries, I strictly recommend waiting for a pullback first. I will post an update later on. For Additional confirmation use: Xmaster Formula MT4 Indicator
    • The Nasdaq’s gains are starkly contrasted with relatively weak performances this year from US index peers the S&P 500 and Dow Jones Industrial Average (Wall Street 30), suggesting some sector rotation has occurred. Source: Bloomberg   Indices Nasdaq-100 S&P 500 Dow Jones Industrial Average Nasdaq Technical analysis  Shaun Murison | Senior Market Analyst, Johannesburg | Publication date: Monday 20 March 2023  The Nasdaq 100 index, after being out of favour in 2022, has managed to produce double digit price gains within the first quarter of 2023. These gains are starkly contrasted with relatively weak performances this year from US index peers the S&P 500 and Dow Jones Industrial Average (Wall Street 30). The failure of smaller financial counters Silvergate, First Republic and Silicon Valley Banks, has sparked fears around a mini banking crisis prompting weakness in larger banking peers which make up some of the S&P 500 and Dow Jones Industrial index constituents. In turn there is a suggestion that we are now seeing some sector rotation by investors back into technology stocks found within the Nasdaq 100 index. Relative strength comparison: Nasdaq 100 vs S&P 500   Source: IG The chart above shows a ratio comparison of the Nasdaq 100 (numerator) and the S&P500 (denominator) from the beginning of 2022 up until now (20 March 2023). The red trend line (arrow) highlights the downtrend in this ratio which reflects a significant underperformance of the Nasdaq against the S&P500 in 2022. The blue arrow highlights the upward trend of this ratio which began in early 2023. The upward trend now prevalent, highlights the Nasdaq 100’s outperformance of the S&P 500. Relative strength comparison: Nasdaq 100 vs Dow Jones Industrial Average   Source: IG Similarly, to our previous chart (Nasdaq100 / SP500) the above chart of the Nasdaq 100 (numerator) and Dow Jones Industrial Average (denominator) ratio highlights these same trends, i.e. in 2022 Nasdaq 100 consistently underperformed the Dow, while in 2023 that trend appears to have reversed. Year to date index moves compared   Source: IG Albeit from a lower base, the Nasdaq 100 has outperformed its benchmark peers the S&P500 and Dow Jones Industrial Average significantly in 2023. Nasdaq 100 – Technical analysis Source: IG As highlighted in a previous article, the 50-day simple moving average (50MA) (green line) has recently crossed above the 200-day simple moving average (200MA) (blue line). This moving average crossover is commonly referred to as the ‘golden cross’ in technical analysis terms. The suggestion is that it marks the beginning of a new longer-term uptrend in a market, in this case the Nasdaq 100. While we have seen some short-term gains to follow in the index, the Nasdaq 100 does now also trade in overbought territory. The overbought signal suggests that trend followers looking for long entry might be afforded an opportunity to do so through either a near term price pullback or sideways consolidation.   Source: IG The price break above resistance at 12350, now sees this level as possible support, should a pullback ensue. Traders supporting the long-term uptrend might look for long entry on a pullback to either this level or trend line (solid black line) support. Preferably a pullback would need to end with a bullish reversal (candle) pattern. In this scenario, 12900 and 13190 provide initial resistance targets, while a close below the reversal low might be used as a stop loss indication for the trade.
×
×
  • Create New...