2022/10/19 (092) Technical Analysis – NYSE-DIS & CBOT_MINI-YM1!

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!


Rising Bond Yields Weigh Above US WallStreet

The rising bond yields only pushed the US stock exchanges moderately into the red on Wednesday. They also paid tribute to the significant price gains since the beginning of the week. In view of predominantly strong company figures again, the leading index Dow Jones Industrial closed 0.33 percent lower at 30,423.81 points after more significant losses in the meantime. The market-wide S&P 500 ended down 0.67 percent to 3695.16 points, while the tech-heavy Nasdaq 100 fell 0.40 percent to 11,103.38 points. The yield on US government bonds with a term of ten years climbed well over the four percent mark in the middle of the week and is thus as high as at the time of the financial crisis in 2008. Yields have also increased again in European trade after consumer price data from the euro zone and from the UK had indicated that inflationary pressures would remain high. The central banks will probably continue to fight the high inflation with significant interest rate hikes. Meanwhile, the US Federal Reserve’s economic report did not give the market any significant impetus.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!

“So far, October has shown its golden side,” wrote market expert Christian Henke from IG Markets with a view to the quarterly reports. He described the surprisingly strong company figures as “balm for investors’ nerves”. On the economic side, however, everything remains the same, which is why Henke questions whether the recent upswing on the stock market is more than a bear market rally. Current US data from the construction industry was mixed: an unexpected increase in permits in September was offset by a surprisingly sharp drop in housing starts. Capital market strategist Jürgen Molnar also doubts that the stock market has already bottomed out. The clear majority of US fund managers are still holding back their money because they expect the price to fall further, the Robomarkets expert quoted from a Bank of America survey. “Should the fund managers continue to run away from the courses, they would have to jump on the bandwagon, which should accelerate the upward movement even more.”

Meanwhile, other company figures came to the fore – above all from the streaming giant Netflix, whose shares took the top spot in the Nasdaq 100 with a price jump of 13 percent. Netflix returned to user growth in the third quarter thanks to hit series like “Stranger Things” and “Dahmer: Monster.” In the quarter ended September, the company booked a net 2.4 million new paid subscriptions after previously suffering from increasing competitive pressure. The US non-life insurer Travelers led the list of winners in the Dow with a price increase of 4.4 percent. Despite a slump in profits, he got through the third quarter, which was marked by hurricanes, better than expected. Confidence is also spreading in the American aviation industry. The US airline United Airlines expects a higher operating margin for the final quarter than in 2019 for the first time since the outbreak of the corona pandemic thanks to continued good business. The airline’s papers rose by five percent. The hair care manufacturer Olaplex, on the other hand, showed that not all companies are getting through the crisis well. The group slashed its forecast rigorously, after which analysts lowered their price targets in rows. The shares then lost more than half of their value. The US consumer goods manufacturer Procter & Gamble is becoming more cautious about expected earnings per share in the current fiscal year, mainly due to headwinds in exchange rates, but also due to higher costs. In the past first quarter, however, the company had done better than analysts had expected – the papers gained 0.9 percent. After the US stock market closed, IBM and Tesla gave an insight into their books. While the titles of the computer dinosaur increased significantly after the trading session, the electric car manufacturer’s papers clearly went downhill.

US 10Y Bond Yield Hits 14-year High, While Dollar Rises As Hawkish Fed Supports

US 10 Year Government Bond Yeld increased to a 14-year high of 4.0814%. Whil the dollar index edged above 112 on Wednesday, underpinned by expectations that the Federal Reserve will push ahead with its aggressive tightening plans to bring down inflation. In the latest Fed commentary, Minneapolis Fed President Neel Kashkari said the central bank might need to lift its policy rate above 4.75% if “underlying” inflation continues to accelerate. At the same time, the dollar continues to prevail as the safe-haven currency of choice amid a worsening global growth outlook. This dollar’s strength was seen across the board, with some of the most pronounced buying activity against the British pound and the euro amid growing economic and energy worries.

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 Stocks Decline As Yields Rise

US stocks fell on Wednesday, after two consecutive sessions of gains, as strong earnings results were not enough to offset fears the Federal Reserve will have to follow its hawkish path to curb inflation and send the economy into recession. The Dow declined about 100 points, and the Nasdaq and S&P 500 shed 0.9% and 0.8%, respectively, as yields rose over 10bps across the curve with the 2-year yield climbing to over 4.5%. Minneapolis Fed President Kashkari was the latest policymaker to warn that the Fed might need to lift its policy rate above 4.75% if underlying inflation continues to accelerate.