2022/12/14 (126) Technical Analysis – XETR-FRE & 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 !


Rollercoaster Ride On Wall Street, This Wednesday
– Dow Jones And/Or Nasdaq Curb Losses, While Moderna Gains Again And/Or Tesla Meanwhile Worth Less Than $500 billion

At its December meeting, the Fed only raised the key interest rate by half a percentage point, as was largely expected, thereby slowing down the pace of interest rate hikes. Previously, it had raised the key interest rate four times in a row by 0.75 percentage points. However, the monetary watchdogs apparently do not intend to end their fight against inflation any time soon. For 2023, they signal even more interest rate hikes than before. Monetary policy is likely to be eased in the years that follow. According to the forecasts, however, there are signs of a higher interest rate level than the central bankers had previously promised.

Portfolio manager Thomas Altmann from QC Partners drew a mixed conclusion from the Fed’s statements: “The Fed is slowing down. The days of jumbo increases are over. The new pace is 50 basis points. That’s the good news,” he said. “But: everyone who counted on a quick end to the current increase cycle will be bitterly disappointed today.” Among stocks on Wednesday, Moderna stood out as the Nasdaq 100 leader, up 5.8 percent to $208.95. The day before, the shares of the biotech company had broken the 200 dollar mark for the first time since mid-January thanks to positive study results on a combination therapy of a Moderna cancer vaccine and the tumor drug pembrolizumab from Merck & Co. And similar to the day before, the titles of the Mainz competitor Biontech rose by 4.4 percent in the wake of Moderna.

Meanwhile, yesterday’s Nasdaq taillight Tesla was again not in demand with a minus of over two and a half percent. The shares of the electric car manufacturer are still at their lowest level in two years – in 2022 they have lost more than half their value so far. Bernstein analyst Toni Sacconaghi argued in a study at the end of November that the stock is still highly valued compared to traditional car manufacturers. The market value, which was around $1.3 trillion at its peak, has now fallen below $500 billion. At the same time, the three major German car manufacturers Volkswagen, Mercedes-Benz and BMW together only make the equivalent of 215 billion dollars.

The red lantern in the technology-heavy selection index was taken over by Charter Communications in the middle of the week with a price slide of more than 16 percent. The telecom group is investing more than expected in its networks and thus probably has less money left over for share buybacks. JPMorgan analystsCBOT_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!then scaled back their expectations for the company.

The euro quickly recovered from a bout of weakness in response to the Fed’s comments. In New York trading, the common currency was last seen at $1.0682, roughly the same as its previous level and remaining at its highest level in over half a year. The European Central Bank (ECB) had set the reference rate at $1.0649.

Fed Delivers Smaller 50bps Rate Hike Today,
Maybe That`s Why US Crude Oil Stocks Rise The Most Since March 2021

The Federal Reserve raised the fed funds rate by 50bps to 4.25%-4.5% during its last monetary policy meeting of 2022, pushing borrowing costs to the highest level since 2007, and in line with market expectations. It was a seventh consecutive rate hike, following four straight three-quarter point increases. Policymakers reinforced that ongoing hikes in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2%. The Fed now expects interest rates to reach 5.1% next year, 4.1% in 2024, and 3.1% in 2025, a higher level than previously indicated. Meanwhile, GDP growth projections were revised higher for this year (0.5% vs 0.2%) but lowered for 2023 (0.5% vs 1.2%) and 2024 (1.6% vs 1.7%). Inflation forecasts were revised higher for 2022 (5.6% vs 5.4%), 2023 (3.1% vs 2.8%) and 2024 (2.5% vs 2.3%). Stocks of crude oil in the US unexpectedly surged by 10.23 million in the week ended December 9th, the first increase in five weeks and the biggest since March of 2021, compared to market forecasts of a 3.595 million drop, the latest US Energy Information Administration report showed. Meanwhile, crude stocks at the Cushing, Oklahoma, delivery hub rose by 426,000 barrels. Gasoline stocks rose by 4.5 million barrels, almost twice the market forecast of a 2.7 million barrel rise.

DXY Pares Gains To Hover At 6-Month Low Today, While 10-Year Treasury Yield Eases

The dollar index pared immediate gains and fell to below the 104 mark, hovering at the lowest level in six months as investors digested the Fed’s interest ratehike and fresh economic projections. The central bank raised its key rate by 50bps as largely expected, extending the four consecutive 75bps rate hikes since June and lifting borrowing costs to their highest since 2007. Policymakers signaled that its key interest rate will be at 5.1% by the end of 2023, well above September’s projections of 4.6%, and challenging expectations that interest rate cuts would start in the third quarter of next year. Consequently, median forecasts for GDP growth were revised downwards sharply to 0.5% in 2023 from 1.2% and the unemployment rate was revised to 4.6% from 4.4%, pressuring the greenback. Also, forecasts for core PCE inflation were lifted despite the cooler-than-expected CPI prints in recent months. On Tuesday, the index lost nearly 1% after November’s inflation rate slowed to 7.1%. The yield on the 10-year US Treasury note fell back to under the 3.5% mark, approaching the three-month low of 3.4% touched on December 7th as projections of a sharp slowdown in the US economy drove investors to challenge the Federal Reserve’s hawkish signals in its December meeting. The Fed delivered a 50bps interest rate hike to 4.25%-4.5% as widely expected, slowing from the four consecutive 75bps increases since June. Meantime, the Summary of Economic Projections pointed to sharp downward revisions to the US GDP growth and expectations of higher unemployment in the coming years, as policymakers increased projections for the Federal funds rate to reach and stay at 5.1% in 2023 from prior estimates of 4.6%. In the meantime, the inversion of the spread between the 2-year and the 10-year bond yields widened past 76bps, approaching the `81-high of 85bps touched on 12/07.

Wall Street Ends Volatile Session Lower Today

The Dow lost 150 points on Wednesday, while the S&P 500 and the Nasdaq dropped 0.6% and 0.7%, respectively, as investors digested the latest decision on monetary policy and subsequent remarks from Fed Chair Jerome Powell. The Federal Reserve raised its federal-funds rate by a half percentage point to a range between 4.25% and 4.5%, a 15-year high. At the same time, the peak for the federal funds rate is now projected at 5.1% next year.