2022/12/15 (127) Technical Analysis – XETR-HEN3 & CBOT_MINI-YM1!

A Monster Volatile Week In The Dow Jones This Week Again – A Reflection Of 2022 ?
So Stay Alert & Don`t Stay Long In Our CBOT_MINI-YM1! Without A Stop Price !


Heavy Losses On Tuesday Because Of Frustration With The Fed

The announcement of a surprisingly restrictive future US monetary policy also weighed on the New York stock exchanges on Thursday. The leading index Dow Jones Industrial lost 2.25 percent to 33,202.22 points, which intensified the downward momentum. In the course of trading, it just barely missed the 33,000 point mark, below which it was last listed around five weeks ago. The other important stock indices also accelerated their weak development from the previous day: The market-wide S&P 500 said goodbye 2.49 percent lower at 3895.75 points. The Nasdaq 100 selection index, which contains many particularly interest-sensitive stocks from the technology sector, ultimately fell by 3.37 percent to 11,345.22 points. A series of rather weak US economic data had no discernible influence on the prices. According to market observer Andreas Lipkow, however, they point to a significant economic slowdown in the world’s largest economy.

On Tuesday, the Dow initially jumped to its highest level since April after a stronger-than-expected fall in inflation. The hope that the Fed would soon let go of the reins gave way to a certain disillusionment that same day – rightly so, as became apparent on Wednesday after the Fed’s interest rate decision. As expected, the US monetary authorities increased the key interest rate by only 0.5 points after four meetings, each time by 0.75 percentage points. However, the hoped-for signal that interest rates would soon peak did not materialize.

“The Fed has no intention of letting the hike in interest rates expire, despite declining inflation and risks of a recession,” said ActivTrades analyst Ricardo Evangelista, summing up the key message from Fed Chair Jerome Powell. “Interest rates will continue to rise in 2023 and will remain high longer than expected.” The European Central Bank (ECB) and the British central bank also announced further hikes on Thursday after interest rate hikes had been expected.
On the US stock market, Novavax’s shares lost more than a third of their value, closing at $11.32. They thus marked the lowest level since the outbreak of the corona pandemic in spring 2020. The vaccine manufacturer caused a bad mood with the announcement of a capital increase. In addition, the British government halved its order for the corona vaccine Nuvaxovid, which had already been adjusted several times. Novavax must refund part of the advance payments received. In the course of the pandemic, the shares had temporarily shot up to a good $330.CBOT_MINI-YM1!
Long/Short 4XSetUps Switch 

34246 Target Price @ 4XSetUp

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

30000 Stop Price @ 4XSetUp

29669 09/23/2022 last price @ friday closed

29639 09/23/2022 Entry Price @ 4XSetUp

24675 Target Price @ 4XSetUp

A long/short 4XSetUp switch I define as trade in a single financial market at near (long or short) exit and entry (short or long) price action areas. My art of switch trading price action is not the same as spread trading. Because in my art of switch trading price action the trader only owns one position at a time. Not like in a spread, where the trader is simultaneously both long one contract and short a different but related contract.

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!At the bottom of the Nasdaq 100 on Thursday was the video streaming service Netflix with a price slide of more than eight and a half percent. A report by the tech portal “Digiday” weighed in here, according to which a new subscription model with advertising has not yet achieved the audience figures promised to advertisers. The shares of the electric car manufacturer Tesla, which were around half a percent stronger at the end of trading, were able to stabilize somewhat after another low since November 2020. Since the beginning of the year, it has lost 55 percent in value, which means it is one of the bottom places in the tech selection index. Company boss Elon Musk, who probably lost his status as the richest person in the world as a result of the takeover of the Twitter course news service, sold more shares between December 12th and 14th. It was the fourth time this year that Musk had to part with billions in Tesla shares to finance the controversial Twitter purchase.

The euro was only given a brief boost by the prospect of further interest rate hikes in the currency area: After jumping to 1.0735 dollars, the common currency quickly fell back and cost 1.0622 dollars in New York trading. However, it is still at the highest level since June. The ECB had set the reference rate at $1.0621.
US government bonds were able to gain something. Ultimately, the futures contract for ten-year bonds (T-Note Future) gained 0.19 percent to 114.94 points. The yield on ten-year government bonds was 3.45 percent.

Nasdaq Hit 5-Week Low And/Or S&P500 Hit 4-Week Low,
While Dollar Bounces Off Six-Month Low On Thursdays Trading Session

Nasdaq decreased to a 5-week low of 11414 and/or US500 decreased to a 4-week low of 3918 on todays trading session.
The dollar strengthened sharply against a basket of major currencies on Thursday, bouncing back from its lowest level in six months to above 104 on prospects that the Federal Reserve will keep interest rates higher for longer. The Federal Reserve on Tuesday raised its federal-funds rate by a half percentage point to a range between 4.25% and 4.5%, a 15-year high, with policymakers expecting the terminal level at 5.1% in 2023. At the same time, Fed’s projections showed US economic growth slowing to a below-trend rate of 0.5%, and policymakers expect to cut interest rates only in 2024. This dollar’s strength was seen across the board, with some of the most pronounced buying activity against risk-sensitive currencies such as the Australian and New Zealand dollars.The Dow Jones Also Hit 5-Week Low, Maybe Because US Retail Sales Fall More Than Expected

Our Dow Jones Industrial Average decreased to a 5-week low of 33118. So don´t stay long in our CBOT_MINI-YM1! 4XSetUps without a stop price.
Retail sales in the US declined 0.6% month-over-month in November of 2022, much worse than market forecasts of a 0.1% decline. It is the biggest drop so far this year, with sales of furniture (-2.6%), building materials (-2.5%) and motor vehicles (-2.3%) falling the most during the holiday season. Other decreases were also seen at electronics stores (-1.5%), nonstore retailers (-0.9%), sporting goods, hobby, musical instruments and books (-0.6%), gasoline stations (-0.1%) and general merchandise stores (-0.1%). In contrast, increases were seen in sales at food services and drinking places (0.9%), food and beverage stores (0.8%), health and personal care stores (0.7%) and miscellaneous retailers (0.5%). Data for November which includes the Black Friday and the Cyber Monday during which big discounts are offered, point to a slowdown in consumer spending amid high inflation and interest rates.

The Dow Jones Industrial Average Index Extends It`s Sell-Off Today

Major US stock indices extended their sell-offs on Thursday as investors digested the concerning contraction in retail sales data amid an aggressively hawkish Federal Reserve, magnifying worries of a recession. The US central bank raised the target for its funds rate by 50bps yesterday, as expected, while the Summary of Economic Projections showed it expects to raise interest rates to a higher level for longer than markets expected. At the same time, unemployment was revised higher and the growth rate was nearly slashed in half for the next year. The Dow Jones plunged over 900 points, while the S&P 500 and the Nasdaq tanked nearly 3% and 3.5%, respectively. Policy-sensitive tech and high-growth stocks led the losses, with Alphabet and Nvidia both declining 5%. Also, Netflix plummeted nearly 10% amid rumors that it may return money to advertisers after missing viewing targets.