2022/12/21 (131) Technical Analysis – XETR-LIN & CBOT

Our Old Long CBOT_MINI-YM1! Closed On Monday
– A New Long CBOT_MINI-YM1! 4XSetUp Opend On Tuesday

Why I Reluctantly Prefer A Long/Short 4X SetUp Trading Capability Again In The Dow Future – Even CBOT_MINI-YM1!

I have read the criticisms many of my readers have emailed to me (Devise2Day@fmail.com). Even if I didn’t answer all of them. But I read all, at least.
That`s why let me write again, sime basoc thoughts, from my side! Of course, I am also interested in you, yes you, my faithful reader, closing your current trading account and opening a new one with one of my nine affiliate online brokers! But that’s not the main goal of my DEVISE 2 DAY Affiliate Financial Market Online Newspaper. And I wouldn’t offer any DEVISE 2 DAY Affiliate Financial Market Online Newspaper Edition available to you free of charge. Because in addition to the always existing possibility of an upcoming profit on the financial market, the focus is rather on competent information from us, to you. Because I not only want to inform you to the best of my knowledge and belief, but also that you, after reading each DEVISE 2 DAY Affiliate Financial Market Online Newspaper Edition, can also say to yourself: “I learned something again today!” So that you will also remember me fondly as your educator, as your head coach when it comes to price actions about the financial markets! And that regardless of the result (profit and/or loss)! So that you can be sure to read, analyze, evaluate and get impeccable competent information from me, as well as from all my nine affiliate online brokers. Without getting the slightest fear that this is a deliberate deception on our part. I believe in what I am writing to you – regardless of the personal opinion of all employees of my nine affiliate online brokers. Nobody has ever forbidden me to formulate something, let alone put it in my mouth to write something specific. So you can continue to expect to be better informed after each DEVISE 2 DAY Affiliate Financial Market Online Newspaper than before – better than anyone who hasn’t read the current DEVISE 2 DAY Affiliate Financial Market Online Newspaper Edition! But of course I don’t want to and can’t promise you a guaranteed profits also…

Our New Old Short-Term 4XSetUp, Around Christmas Season 2022 And/Or The New Year 2023

Our entry price was and is the close of Tuesday trading, 2022/12/20 at 33053 points on the Dow Future – even CBOT_MINI-YM1!. I got cold feet because, on the one hand, our previous long 4Xsetup performed faster and better than expected. And on the other hand, the reaction of the market price action, even of the other financial market participants, in the last few days, I had wrongly expected. The sell-off on WallStreet after excepted FED, ECB and/or BOE monetary policies.That’s why our new old long entry, from Tuesday, 2022/12/20, at 33053 points. With a tight stop price at 32686 points. And our old target price at 35413 points – until the end of March 2023 (just the end of the 1st quarter of 2023). So, of the Dow Future should fall below 32686 points during the Christmas season 2022 and/or the beginning of the New Year 2023 – so that we then can realize our losses at the latest! In order to climb back over 33000 points later? I will formulate a new old long 4XSetUp! This is my basic short-term expectation regarding about the Dow Jones Future – eveb CNOT_MINI-YM1!. Of course, I don’t want to and/or can rule out the possibility that we will trade new old lows in the Dow Jones Future, below 29,000 points, possibly also in the 1st quarter of 2023. That’s why the relatively short stop price to limit our losses in advance. Even if many of my readers have criticized me for this long/short 4XSetUp trading capability. But still admitted to wanting to continue reading every further DEVISE 2 DAY Affiliate Financial Market Online Newspaper Editions. However, I somply don`t except that the bears should take over the preice action in the Dow Jones Future, even CBOT_MINI-YM1!, again. And admittedly, I Don`t have the courage either to formulate a short 4XSetUp trading capability, about the Dow Jones Future, like at the beginning of 2022, in the Nasdaq! To continue to be honest…

Existing Home Sales Down For 10th Month, Was One Main Driver For The Price Action On WallStreet Today – If I`m Not Wrong

Existing home sales in the US which include completed transactions of single-family homes, townhomes, condominiums and co-ops, plunged 7.7% to a seasonally adjusted annual rate of 4.09 million in November of 2022, much worse than market forecasts of 4.2 million. It marks then tenth straight month of falling sales and the lowest level since May of 2020 as high mortgage rates weigh on affordability. First-time buyers were responsible for 28% of sales in November, which was unchanged from October. The median existing-home sales price rose 3.5% year-on-year to $370,700. The inventory of unsold existing homes retreated for the fourth straight month to 1.14 million or the equivalent of 3.3 months’ supply at the current monthly sales pace.

US Dollar Hovers Close To 6-Month Low, While Wall Street Rallies Amid Upbeat Earnings On This Wednesday

The dollar index was at the 104 mark on Wednesday, remaining close to the six-month low of 103.75 touched on December 14th and holding losses from the weekafter BOJ unexpectedly widened raised the upper limit of its tolerance band on 10-year government bonds to 0.5% from 0.25% boosting the yen. The BOJ’s move came sooner than expected, reflecting ongoing pressure from major central banks to tighten monetary policy and support their local currencies. Major US stock indices closed sharply higher on Wednesday, as strong corporate results and consumer confidence ramped up hopes that the US economy is more resilient to tighter monetary policy than previously expected. The Dow Jones added 520 points and the S&P 500 jumped 1.5%. The Nasdaq also rose by 1.5% and rebounded from the last session’s underperformance, as Treasury yields stabilized from yesterday’s selloff and supported gains for the tech sector. Nike shares soared 13% after the sporting-goods company posted its best quarterly revenue growth in more than a decade. On the other hand, existing home sales sank more than anticipated in a sign high mortgage rates are weighing heavily on the housing market.

Use The 50SMA, The 100SMA And/Or The 200SMA In The Dow Jones Industrial Average, Also Today Once Again
– To Det Daily Technical Analysis Confirmation As To Whether Our Short-Term Bullish Expectations Are Also Confirmed In The Medium Term

Closing price from today’s Thursday are 33376.49 points. The 50SMA is currently trading at 32787.76 points. The 200 SMA is currently at 32449.01 points. And/Or the 100SMA at the same time at 32185.81 points. As long as the DJI (Dow Jones Industrial Average Index) is trading above all 3 SMAs in a full candlestick on each trading day closed data, I would still like to technically argue with a short-term technical recovery, which will hopefully turn into a confirmed medium-term technical recovery. And then just as long as the DJI is only traded above all 3 SMA`s (Simple Moving Averages)! Because that’s what our new old long 4XSetUp in the corresponding Dow Future is aiming for, just CBOT_MINI-YM1! And that regardless of the current monetary policy and/or economic data, which I, as usual, in the Central bank 4XSetUps, and/or also Economics 4XSetUps, will also continue to address and/or comment also in the future, in every D2D Edition – like today…