2022/10/11 (086) Technical Analysis – NASDAQ-INTC & CBOT

Long/Short Switch 4XSetUp Trading Capability Costs Us Nerves,
Excuse Me If I`m Getting On Your Nerves With This, As A Reader Emailed Me!
But I Don`t know How Else To Help These Das And/Or Weeks On US WallStreet…

Dow Halts Losing Streak Toaday, While Tech Falls

The Dow rose 0.12 percent to 29,239.19 points. The market-wide S&P 500 fell 0.65 percent to 3588.84 points. This stock market barometer had meanwhile slipped to its lowest level since November 2020. The technology index Nasdaq 100 lost 1.24 percent to 10,791.35 points.

US stock exchanges remain cautious. On Tuesday, an interim, broad-based recovery attempt fizzled out and only the Dow Jones Industrial was able to save itself after four consecutive days of losses. Technology stocks, which are sensitive to the economy, continued to plummet given the ongoing fear of significantly rising interest rates. Concerns about growth remain. “The stressful subject areas are diverse,” said analyst Frank Wohlgemuth from the Essen National Bank. Solutions are very difficult, if at all, to come by. The expert considers an upward trend break to be unlikely for the time being as long as there are no signals that an end to the steep interest rate hike course is to be expected. Also, the latest US inflation figures are already casting their shadows, which are due on Thursday. The fight against high inflation is currently the main concern of the Fed. In return, it is willing to accept the high economic damage caused by rising costs for loans and financing. According to Cleveland Regional FED Reserve Chair Loretta Mester, the Fed must keep raising rates and not become complacent.

Uber and Lyft were among the biggest losers on the stock market, falling by more than ten and around twelve percent, respectively. The share certificates of the transportation companies suffered from a proposal by the US Department of Labor that they should classify their independent contractors as employees.

Shares in Chinese tech companies also came under pressure. The search engine Baidu lost 5.6 percent and the online retailer Alibaba 4.9 percent. Weak tourism data during the non-working Golden Week in early October, rising Covid cases and new US restrictions on chip technology exports weighed on sentiment.

Meanwhile, Amgen’s shares soared 5.7 percent at the top of the Dow. The experts around analyst Matthew Harrison from the US bank Morgan Stanley see the stocks of the biotech group as a defensive and, with new products, promising investment.

It`s An Hell Of Market For Us Bulls On WallStreet This Year 2002 – No Doubt About It!

That`s why, in any case, consistently consider the technical marks in the Dow Jones Future. And above all, implement it consistently. Even if it may only cost us only transaction costs, these days and/or weeks – before a new old bullish or new old bearish trend develops again. Don`t loose your nerve about price actions!Very Important Price Action Areas
For The Next Days, Weeks And/Or Months

34246 Target Price @ 4XSetUp

33031 01/24/2022 1st New Low this year 2022

32167 02/24/2022 2nd New Low this year 2022

31148 05/12/2022 3rd New Low this year 2022

30585 entry @ long 4XSetUp
if short 4XSetUp get stopped out

30585 05/20/2022 4th New Low this year 2022

30000 Stop Price @ 4XSetUp

29266 10/11/2022 last price @ tuesday closed

29639 06/21/2022 5th New Low this year 2022

29639 10/07/2022 Entry Price @ 4XSetUp

24675 Target Price @ 4XSetUp

Basically
i’m a constructive realistically optimistic wall street bull.
But, if i am not wrong, the us wallstreet sentiment is still far too positive in relative terms; because the economic data and/or much more worldwide political framework conditions are worse than they have been since the cold war.
So stay kosher – & trade only with entry/exits!US Inflation Expectations Lowest In A Year Could Be A SetUp For US WallStreet

US consumer inflation expectations for the year ahead extended the decline for a third consecutive month to 5.4% in September of 2022, the lowest in a year, from 5.7% in August. Median home price growth expectations declined by 0.1 percentage point to 2.0, its lowest reading since June 2020 and cost of medical care is also seen slowing (-0.1 percentage point to 9.2%). On the other hand, consumers expect prices to rise faster for gas (+0.4 percentage point to 0.5%), food (+1 percentage point to 6.9%), college education (+0.6 percentage point to 9.0%) and rent (+0.1 percentage point to 9.7%). Meanwhile, three-year-ahead inflation expectations rose slightly to 2.9% from 2.8% in August. On the labour front, expectations for earnings growth fell by 0.1 percentage point to 2.9% and unemployment expectations also fell by 0.9 percentage point to 39.1%. Also, household spending is seen rising 6%, well below 7.8% in August, and the biggest drop since the series’ inception in June 2013.

Dollar Still Holds Close To 20-Year Highs, While US 10-Year Treasury Yield Eases

The dollar index paused a four-day rally to traded around 113 on Tuesday, after touching 113.5 early in the session, which was the highest level so far this month. Bond yields also retreated as traders take a wait-and-see approach ahead of FOMC minutes release tomorrow, the highly-anticipated CPI report Thursday and the kick-off of the earnings season which will provide more clarity on the Fed’s hawkish stance. Still, the greenback remains close to levels not seen since mid-2002 as the Fed has been raising rates aggressively and is expected to deliver another 75bps rate hike next month. At the same time, the US economy remains more robust and resilient than others, despite high inflation and increasing borrowing costs.

The United States 10-year Treasury yield, the benchmark for borrowing costs worldwide, bottomed around 3.9% as investors reassessed the outlook for monetary policy ahead of crucial US inflation reports. Last week’s strong labor print and hawkish rhetoric from Fed officials reinforced the view that the US central bank will keep interest rates higher for longer to cool an overheated economy. This week, the PPI and CPI figures scheduled for Wednesday and Thursday will offer further clues about the Federal Reserve’s rate path. The market movement came as investors digested the Bank of England’s decision to expand its emergency bond purchase program to include inflation-linked British government bonds to avoid a meltdown in the UK pensions sector. Such a move offered some relief to markets, indicating that despite the ongoing tightening cycle, central banks will move fiercely to rescue their economies.Overall, Nothing Has Changed In My Expectations As Far As US WallStreet Is Concerned
– Wait Until 30000 Price Zone Is Conquered By The Bulls And/Or Bears And Enter Accordingly

The lowest us inflation expectations in a year could be a speculative driver for the us stock markets in new york – as an risky alternative to the us yield curve. But it sounds like children screaming for sweets! But who knows, maybe interest rates won’t need to be cut so high and so fast after all? But I don’t believe in it. That`s why stay neutral these days arpiund 30000 points in the Dow Jones – and consider our entry/long trading capability in the switch trade 4XSetUps…

The Dow finished near the flatline after paring losses earlier in the session Tuesday, while the S&P 500 fell 0.7% following a similar trading pattern, and the Nasdaq fell 1.1%. Overnight the US 10Y touched the 4% yield mark before retreating as the morning trading session began. Comments from the Bank of England rattled investors in the afternoon as the BoE chief stated he would be removing market support as scheduled. Volatility also remains elevated, with the VIX gaining over 3%, as fears mount that further monetary tightening would take a heavy toll on the economy and company earnings. Federal Reserve policymakers have been advocating the need to raise the target policy rate to around 4.5% by early next year, even at the risk of a recession.