2022/09/21 (074) Technical Analysis – NYSE-V & CBOT

Place Your Stops And/Or Buy Orders Before The FED Press Conference,
If You Want To Be On The Safe Side (Though You Might Benefit Less).
Next D2D Edition Tomorrow After The Closing Bell
– And/Or Before Thursday Future Opening!

Weak Dow Jones While Tuesday`s Trading Session – Dovishness Ahead Of Fed Rate Decision On Wednesday

One day before the US Federal Reserve’s eagerly awaited interest rate decision, the most important US indices recorded renewed losses on Tuesday.
After taking a breather at the start of the week, the leading index Dow Jones Industrial and the market-wide S&P 500 fell to new lows since mid-July, from which they were able to break away somewhat with the approaching end of trading. After its daily low of 30,465 points, the Dow Jones finally closed around 1 percent down at 30,706 points. The S&P 500 fell 1.13 percent to 3,855 points and the Nasdaq 100 technology selection index fell 0.85 percent to 11,851 points.

The Fed is expected to raise interest rates again sharply against high inflation this Wednesday.
Most experts assume that central bankers will raise interest rates by 0.75 percentage points for the third time in a row.
Must be increased – to get Sleepy Joe’s self-inflicted US inflation back in check. Only last week, US consumer prices for August surprised so negatively that some market participants even believe that a full percentage point is possible. But I don’t assume that – like the traders in Chicago, on the futures markets. 75 basis points are priced in – not an issue. So focus on whether Fed Boss Powell has anything new to tell us. I don’t expect anything positive for us stock market bulls; that`s why i formulated a long/short switch trading capability this week. Something extraordinary; admitted! But what should the Fed do other than raise interest rates. And that as a reaction to US fiscal policy and/or US economic policy, especially US energy policy, under the watch of Sleepy Joe and his US Democrats. Which US Americans can vote out at the midterms in November 2022 – if they want a change in the Usa; even about the US inflation. Because without a change in policy in the White House, nothing will change with regard to US inflation either. “The definition of insanity is doing the same thing over and over again and expecting different results.” If you want to disprove this hypothesis, you have to go head-to-head with a real authority – even with Albert Einstein. He did this quote and it has somethinmg in it! Isn`t it?

However, all I really really want to say is that in any case, the actors are worried that the Fed’s fight against inflation will lead the US economy into recession. Which is why among the individual stocks at the end of the Dow, Nike shares fell the most after being downgraded by Barclays by around 4.5 percent. Accordingto the experts at the British bank, the sporting goods manufacturer is threatened by a variety of headwinds, such as a drop in demand, rising inventories and market fluctuations in China. They lowered their vote from “Overweight” to “Equal Weight”. There were even higher price losses of more than 12 percent at Ford after worrying corporate news from the previous evening. The carmaker had forecast a massive drop in profits for the current quarter compared to the previous quarter. On the one hand, inflation is causing supplier costs to rise by a billion dollars more than expected. On the other hand, in addition, bottlenecks in important parts are likely to drive up the inventory of semi-finished vehicles, the group had warned. General Motors was also sucked into these statements – their papers fell by 5.6 percent. In addition, takeover plans in the healthcare sector caused a stir. For some time now, the insurer Unitedhealth has wanted to take over the company Change Healthcare, a payment processor for the healthcare industry. The day before, a judge cleared antitrust objections from the Justice Department, making the $7.8 billion takeover more likely. Change Healthcare shares climbed 6.4 percent, Unitedhealth held up relatively well in the Dow with a small loss. Meanwhile, Apple was back at the top of the Dow by almost 1.6 percent. To protect its profitability, the iPhone maker announced significant price increases for apps and in-app purchases – from Europe to Asia. What drives the Apple share on Tuesday on Top of all 30 listed shares in the Dow Jones.

By Thw Way, European Stocks Close Also Lower On Tuesday

European equity markets closed in the red on Tuesday, with both Germany’s DAX and the benchmark Stoxx 600 down more than 1% dragged by real estate, utilities and financials stocks. The prospect of a faster pace of interest hikes across the globe and potential economic downturn continued to worry investors. Sweden’s Riksbank raised interest rates by a full percentage point, the biggest hike since November 1992 and above market expectations. On the corporate frontGermany’s Henkel raised its 2022 outlook for organic sales based on strong sales growth in its adhesives unit, while bookbuilding continues for Volkswagen’s €70-75 billion IPO of Porsche. On the economic data front, Germany’s producer price inflation hit a new record high in August.