2022/10/12 (087) Technical Analysis – NYSE-IBM & 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…

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!

Losses According To Fed Minutes

The Wall Street index Dow Jones Industrial, which was the only index to have remained in the plus for almost the entire trading time, ultimately closed 0.10 percent weaker at 29,210.85 points. The S&P 500 ended the day down 0.33 percent at 3577.03 points, its lowest level since November 2020. After some back and forth, the Nasdaq 100 technology stock index fell 0.05 percent to 10785.62 points .

The latest Federal Reserve minutes spooked investors on Wall Street on Wednesday. At times, the most important indices in the USA had increased according to the statements. But by the end of trading, the newly gained confidence had already given way to worries. Ultimately, it became clear that the Fed is showing no greater inclination to relax in the fight against high inflation. According to the Fed minutes from mid-September, many are of the opinion that the costs of fighting inflation too timidly are probably higher than those of fighting them too harshly. During this session, the key interest rate was raised by 0.75 percentage points for the third time in a row. The fact that the minutes also said that from a certain point in time a slower tightening would be appropriate was hardly noticed towards the end of trading. Investors are now still concerned that the economy could slide into recession as a result of the Fed’s heavy intervention.

However, bank stocks rose after the central bank minutes because they can benefit from rising interest rates. JPMorgan shares at the top of the Dow rose 1.6 percent. In the S&P 100, shares in Bank of America, Goldman Sachs, Wells Fargo, US Bancorp and Citigroup gained between 0.3 and 1.0 percent. In the Dow, the shares of Coca-Cola were also among the best with a plus of 1.2 percent. They benefited from unexpectedly strong quarterly figures from competitor Pepsico, whose shares jumped 4.2 percent. After a strong third quarter, the management of the drinks and snacks manufacturer again raised its targets for the year.

The shares of the Covid 19 vaccine manufacturer Moderna took the lead in the Nasdaq selection index with a plus of 8.3 percent. At more than 17 percent, they had at times even increased as strongly as they did at the beginning of August. Stimulated that the pharmaceutical company Merck & Co wants to exercise its 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 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!option to partner with the biotech company on a messenger RNA cancer vaccine. Moderna will receive $250 million from Merck in exchange for co-development and future commercialization of the vaccine. This is currently in the mid-stage of clinical testing, according to a statement from the two companies.

Fed Remains Comitted To Restrictive Rates, While DXY Falls And/Or US Yields Edge Slightly Lower After FOMC

Fed policymakers judged that the Fed needed to move to, and then maintain, a more restrictive policy stance in order to promote maximum employment and price stability, minutes from the September FOMC meeting showed. Also, officials agreed that hiking rates faster now would “prevent the far greater economic pain associated with entrenched high inflation, including the even tighter policy and more severe restraint on economic activity that would then be needed to restore price stability”. At the same time, it was noted that it would be important to calibrate the pace of further tightening to mitigate the risks and once the policy rate reaches a sufficiently restrictive level, it would be appropriate to maintain that level for some time. The Fed raised the federal funds rate by 75 bps to the 3%-3.25% range during its September meeting, the third straight three-quarter point increase, pushing borrowing costs to the highest since 2008.

The dollar index erased gains but held above 113 on Wednesday, after several Fed officials said it would be important to calibrate the pace of further policy tightening to mitigate the risk of significant adverse effects on the economic outlook, the minutes of the Sept. 20-21 meeting showed. Still, many participants emphasized the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action. Investors now focus on Thursday’s CPI print, which could add to market bets for a fourth 75 bps rate hike by the central bank in November. The latest data showed that producer price growth rose by a more-than-expected 0.4% in September, rebounding from the decline in August and adding to the urgency for the Fed to tame inflation. Moreover, the dollar continued to benefit from strong demand for haven currencies due to a highly uncertain outlook amid geopolitical tension, with the IMF slashing its 2023 growth forecast for the global economy.

The yield on the benchmark 10-year Treasury note edged slightly lower to 3.9% on Wednesday after FOMC minutes showed no surprises by reiterating Fed’s commitment to bring inflation down and to raise interest rates further, offering no changes on the Fed’s tightening plans. Attention now turns to the US CPI report due Thursday. Fresh data showed producer prices increased more than expected in September, reinforcing the narrative that the US central bank will keep interest rates higher for longer to cool an overheated economy.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

Trading was flat across the indices Wednesday, with the Dow falling just 30 points, while the S&P 500 and Nasdaq added less than 0.1% each as investors weighed the minutes from the last Federal Reserve meeting. Policymakers pushed back on the idea of a pivot soon, given their commitment to tame inflation, while stating that at some point, slowing the pace of tightening would be appropriate while assessing the effects of cumulative policy adjustments on growth and inflation. Another hotter-than-expected US inflation reading reinforced this narrative, with producer prices increasing more than expected in September. Focus now turns to the US CPI release tomorrow, which will provide more clues on the size of a federal funds rate hike next month. On the corporate side, shares of PepsiCo rose over 4% after the beverage and snack giant announced quarterly results that surprised investors on the upside.