2022/10/18 (091) Technical Analysis – NYSE-DOW & CBOT

Don`t Lose Your Nerves In These Historically Volatile Times…
If At All, Always Trade With Concrete Entry And/Or Exit Prices, In These Days
– And Stick To It – So That Our Upcoming Wins/Losses Are Only A Matter Of Time!

Continued Recovery On The US WallStreet Today, Thanks To Good Company Figures

The US stock exchanges continued their recovery on Tuesday thanks to more good corporate data. Economic worries faded into the background after mixed economic data. After an early price increase of more than two percent, the leading index Dow Jones Industrial claimed a gain of 1.12 percent to 30,523.80 points. The market-wide S&P 500 ultimately rose by 1.14 percent to 3719.98 points and the technology-heavy selection index Nasdaq 100 claimed a price increase of 0.77 percent to 11,147.74 points.

Market analyst Craig Erlam from broker Oanda, meanwhile, is still questioning the sustainability of the current price gains. “The sense of a bear market rally is still strong,” the expert wrote. He is not convinced that there is much substance behind it, “because the economic environment looks treacherous and we do not even know if we have already reached the peak of inflation and the priced-in interest rate expectations”. Industry increased its production noticeably in September and surprisingly significantly compared to the previous month. In contrast, sentiment on the housing market deteriorated more than expected in October, as shown by the decline in the NAHB housing market index. It is now the tenth decline in a row. The figures from the investment bank Goldman Sachs were mentioned as a positive company report that supports the good mood in the market. The industry giant’s net earnings collapsed, but not as much as experts expected. According to RBC analyst Gerard Cassidy, earnings per share were even well above forecasts. The papers of the Wall Street icon were driven by 2.3 percent. A series of mostly well-received results from the banking sector continued.

The biggest Dow winner, however, were the titles of the software company Salesforce, which rose by 4.3 percent. They benefited from the fact that the founder of the activist investor Starboard, Jeff Smith, spoke of a significant stake in an interview with the US business broadcaster “CNBC”. The investor therefore sees plenty of potential in the papers, which are the third weakest value in the Dow in the current year with a minus of almost 40 percent. Meanwhile, biotech company Akouos’ shares shot up 88 percent as drug giant Eli Lilly reached out to him. Investors who only bought the share at an interim low at the beginning of August can look forward to a fivefold increase. The shareholders of Eli Lilly reacted relaxed, the title increased by 0.7 percent. At Johnson & Johnson, however, the reaction to the figures presented was negative: the shares were one of the few losers in the leading index with a discount of almost 0.4 percent. The consumer goods and pharmaceutical group slowed down currency effects on sales – the adjusted net profit fell.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

29669 09/23/2022 last price @ friday closed

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

29639 09/23/2022 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!Dollar Regains Some Traction And/Or US 10-Year Treasury Yield Consolidates Above 4%

The dollar index bounced back above the 112 mark, recovering from a nearly two-week low of 111.8, as prospects of higher interest rates and a worsening global growth outlook continued to lend optimism to bulls. The most pronounced buying activity was against the British pound as investors awaited further clarity on UK’s fiscal plan while confusing headlines about the Bank of England’s plan to delay quantitative tightening added to uncertainty. The greenback also enjoyed sharp gains against the yen, scaling 32-year highs as Japanese authorities declined to comment on whether they are conducting stealth intervention. On the flip side, the dollar is struggling to gain traction against the New Zealand dollar, as higher-than-expected Q3 inflation numbers fuelled bets on a further tightening

The United States 10-year Treasury yield, the benchmark for borrowing costs worldwide, consolidated above the 4% mark, the highest since October 2008 as investors were monitoring corporate earnings in the US for clues on the impact of high inflation rates and Fed tightening on the company profits. Meanwhile, a series of hot inflation prints and a downbeat survey of inflation expectations from the University of Michigan added to concerns that the Federal Reserve will continue to raise rates more aggressively despite a slowing economy. Also, volatility is expected to remain elevated, with sharp moves in gilts sending shockwaves through other bond markets as investors awaited further clarity on the UK’s fiscal plan. Confusing headlines about the Bank of England’s plan to delay quantitative tightening added to uncertainty.

The Fight For 30,000 Points In Rhe Dow Jones Stock Market, The Holding Of The 110 Points In The USD Index,
And Or The Meanwhile 4% In The 10year US Yields – That’s Seems What Determines The Price Action At The Moment! Or?

It goes back and forth in the US stock market. The numbers are not great – and in the historical context, there are no reasons to enter the stock market in the medium term, let alone in the long term! However, as short-term speculative trader, as like in our 4XSetUps Trading Capability very much so, it`s a great trading market! Because in the last few weeks and months, apart from during the lockdown, due to the corona virus outbreak, has the mood regarding US Wall Street been worse? I don’t think so – but it’s not about the mood in New York, but rather about the emotional bullish/bearish reaction of the market participants, i.e. all of us who deal (in)directly with WallStreet. And our future expectations. And that all in an economic environment of the highest stagflation since the end of the Cold War, they are as bad as they have been for 40 years (the 1980s, to be precise). That´s why stay cautious about the US stock market! And only get in and out with a concrete competente long tactic, concrete competente short tactic, and/or concrete competente short/long tactic – in these historically very volatile price action times…

US Equities March Upward, Give Up Morning Gains

US equities continued their rebound Tuesday, with the Dow gaining over 300 points, while the S&P 500 and the Nasdaq added 1.1% and 0.9%, respectively. Much of the initial enthusiasm over upbeat earnings in the morning session faded, with the threats of soaring inflation, rising interest rates, and flagging growth curbing risk appetite. Goldman Sachs, up roughly 2%, joined other big US banks in reporting quarterly results that surprised markets on the upside, helping eclipse the current economic gloom. Johnson & Johnson also beat Wall Street’s quarterly revenue and profit estimates. On the economic front, industrial production figures came in better than expected, signaling the resilience of the world’s largest economy against growing macro headwinds.