2022/11/29 (120) Technical Analysis

There Are 34000 Points To Defend In The DJI
– And Not Only This Week, But Rather Throughout December

Dollar Eases As Fed Outlook Mulled

The dollar index slipped below 106.5 on Tuesday, giving back some gains from the previous session as traders continued to assess the trajectory of Federal Reserve interest rate hikes, while haven demand triggered by widespread Covid protests in China started to ease. The greenback gained sharply on Monday after St. Louis Fed President James Bullard said the central bank still “got a ways to go to get restrictive,” reiterating that the policy rate needs to rise to at least 5% to bring down inflation. New York Fed President John Williams also said that rates need to rise further and stay high through next year, while being open to a rate cut in 2024. Still, the Fed is widely expected to slow the pace of tightening to 50 basis points in December after delivering four straight 75 basis point increases. Investors also look ahead to a slew of US economic reports this week, as well as Fed Chair Jerome Powell’s speech on Wednesday.

Technology Stocks Weaker Today – Dow Stays Stable

After a weak start to the week, stock prices on Wall Street mostly fell on Tuesday. Heavyweights such as Apple, Amazon and Tesla were under pressure, especially on the technology-heavy Nasdaq stock exchange. The Nasdaq 100 index lost 0.73 percent to 11,503.45 points. The leading index Dow Jones Industrial, on the other hand, was virtually stationary at 33,852.53 points. On Monday, the wave of protests in China weighed heavily on prices. She fueled concerns about another economic setback and production disruptions. At the end of last week, the Dow had risen to its highest level since April. The market-wide S&P 500 fell 0.16 percent on Tuesday to 3957.63 points.

The market has speculated that the recent protests in China against the strict corona restrictions could prompt the Chinese authorities to ease their zero-Covid policy more quickly. China probably wants to push vaccinations of older people more strongly. Meanwhile, the speech by US Federal Reserve Chairman Jerome Powell, which is scheduled for Wednesday, is becoming more and more important. Investors are awaiting signs that the Fed may be less aggressive in future monetary policy. Before the weekend, the economic highlight of the week is also due with the labor market report for November. At the end of the Dow, Apple shares lost a good two percent. TF International Securities analyst Ming-Chi Kuo warned that the protests in China could weigh on iPhone 14 Pro and iPhone 14Pro Max shipments. Depository receipts (ADR) from Chinese stocks listed in New York, such as those from the online retailer Alibaba Group and JD.com, reacted to speculation about China with premiums of up to almost seven percent. Chinese internet stocks Baidu and Pinduoduo also made strong gains. The titles of the logistics company UPS benefited from a new buy recommendation by Deutsche Bank with a plus of 2.7 percent. The shares of the US health insurer UnitedHealth lost almost one percent. The company’s forecast for earnings per share in the coming year fell slightly short of market expectations.

Don`t Forget The Old New Stop Price
Of Our CBOT_MINI-YM1! Long 4XSetUp Trading Capability Of Last Week,
– And That On The Intraday High Trading Day As US Inflation Data Of September 2022 Came Out In October 2022

Because while in October 2022 the us inflation data for September 2022 were higher than expected, the data for October 2022, in November 2022, were lower than expected. So that we can also raise the target price a bit. Because we can now calculate that the Fed will not hike your interest rate by another 75 basis points in December 2022. And that US inflation is falling more towards 7 percent – instead of back over 8 percent. However, I keep my distance from the NASDAQ because it is simply too technology-heavy. Because I would prefer the DOW JONES without APPL and/or MSFT! Who would have thought, I certainly wouldn’t, that I’d write this one day? But then only in relation to the current share valuation of both companies – whose products I still like to consume. But tech stocks are simply too expensive in the historical context, relative to other sectors, in this current economic and political environment! Or? That`s why i am focussing us on 4XSetUps in the CBOT_MINI-YM1! since the 2nd half of this year 2002 – after we made an huge profits with our short 4XSetUps trading capability in the NDX…

H on 2022/10/13 was 32789 points
O on 2022/10/13 was 32540 points
C on 2022/10/13 was 31212 points
L on 2022/10/13 was 31129 pointsWall Street Struggles For Traction

The Dow Jones closed virtually flat on Tuesday, and the S&P 500 and Nasdaq lost roughly 0.2% and 0.8%, respectively, amid persistent concerns that further interest rate hikes will drag the US economy into a recession and lead to sharp downward earnings revisions. Louis President James Bullard and his New York counterpart John Williams were among the latest policymakers to warn that the terminal rate of Fed Funds could be higher than expected next year as inflation remains stubbornly high. The market movement came along with an uptick in Treasury yields, enough to spook investors away from tech and other high-growth stocks. Now all eyes are on Fed Chair Jerome Powell’s speech at the Brookings Institution for further clues on the central bank’s rate-hike path. Meanwhile, China’s national health authority said it would bolster vaccination among its senior citizens and avoid severe restrictions, fueling speculation that Beijing is bending to pressure for a swifter reopening.