2022/11/17 (113) Technical Analysis – XETR-DTE & CBOT_MINI-YM1!

Little Price Action Changed Today
– However, Our Long 4XSetUp Is Still In The Money


New Stop Price Of Our CBOT_MINI-YM1! Long 4XSetUp Trading Capability, On Intraday High Trading Day Of US Inflation Data Last Month Before

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 points
All dow jones stocknarket bulls now have to defend this loss-making trading day in the CBOT_MINI-YM1! in the short term in order to be able to continue to rise in the medium term. 34246 points are the first target and/or also 35413 points – until the first quarter of 2023. In this context, I am positive that we just broke out of this battle zone to the top last Thursday. And that on the trading day when the US inflation figures were published. That`s why I have just decided to raise the price target a bit – and or above all (and then also first) to tighten our stop price. Because I get cold feet when I think about the past – because we’ve already climbed so high and so fast. But my heart also warms when I imagine that the US inflation numbers for November 2022, which will be released in December 2022, will be lower again. And then shortly before the next scheduled FED meeting. On that day interest rates will hopefully only be raised by 50 basis points. This is the aim of this 4XSetUp. And or to put it in the words of my literary doyen George Soros: „Making an investment decision is like formulating a scientifichypothesis and submitting it to a practical test. The main difference is that the hypothesis that underlies an investment decision is intended to make money and not to establish a universally valid generalization.

Dollar Rally Gains Steam

The dollar index strengthened towards 107 on Thursday as investors’ expectations for a pause in interest-rate hikes started to fade in the light of several somewhat hawkish Fed speeches. Louis Fed President James Bullard emphasized that the central bank still has much work to do before reaching its goals, warning that tightening conditions had a modest effect on inflation. San Francisco Fed President Mary Daly echoed a similar view, saying that she sees the central bank raising at least another percentage point. Markets are now pricing a 50 basis point rate hike in December, and a series of 25 basis point increases next year. The most pronounced buying activity was against risk-sensitive currencies such as the Australian and New Zealand dollars. The dollar also gained sharply against the British pound after the UK unveiled tax increases and spending cuts to help tackle inflation.

In order to curb inflation, the US Federal Reserve has to raise interest rates even further. That’s what the head of the St. Louis branch of the Fed, James Bullard, also said on Thursday. „The Fed’s monetary policy is not yet restrictive enough to counteract record inflation in the US“, he said. He estimates that key interest rates will have to rise by at least another percentage point to 5 percent. “In order to reach a sufficiently restrictive level, the policy rate must be increased further,” he said. According to Bullard, 5 percent is the lower limit for the required policy rate, while the upper limit could be closer to 7 percent. The market is currently expecting the Fed rate to peak in March at 4.75 to 5.00 percent this cycle. The us yield curve rose during the course of the day, although what was just quoted was and is nothing new. Rather, it currently seems that us inflation has peaked – and/or producer prices as well. So that if the FED actually raises its interest rate by 50 basis points in December, for 2023, for better or for worse, more or less, only 25 basis points will be enough. And that’s the key point – our current calculation as far as this long 4XSetUp Technical Analysis is concerned. Unlike summer! What we – cross our hearts, my dear, dear, loyal readers – hadn’t even dared to think about. Or? But let’s first wait for the upcoming volatile trading days until mid-December 2022 – when US inflation will be published first, and shortly afterwards the regular meeting of the FED will take place. Therefore, in any case, follow the stop price, aif 32789. So that we have at least 2204 points on the plus side. And that’s something! Or?

US Equities Pare Losses After Mixed Earnings

The Dow Jones recovered from a 300-point drop and closed just south of the flatline Thursday, as a slew of upbeat corporate reports helped offset some concerns about a Fed-induced economic downturn. Bath & Body Works skyrocketed over 25% after the retailer beat Wall Street forecasts for revenue, while Macy’s jumped more than 7% after beating estimates and raising its full-year earnings guidance. Cisco added almost 5% after topping earnings and revenue expectations. The S&P 500 and Nasdaq also pared losses but underperformed, falling roughly 0.3% and 0.2% respectively, as soaring Treasury yield spooked investors from high-growth and tech shares. St Louis Fed President James Bullard was among the latest policymakers who emphasized that the central bank still has much work to do before reaching its goals, warning that tightening conditions had only a modest effect on inflation.