2023/01/26 (157) Column

Daily Technical Analysis 4 SetUps
Are A Sisyphean Task


Regardless of whether individual exchange rates are rising/falling, and/or their yield curve is becoming more expensive/cheaper, as well as the national stock markets, it is important to me that it is important to you that you adopt a daily routine. Train yourself to behave in a certain routine way. Like an athlete, certain behavioral patterns are trained for his sport on the sports field. You too should even train yourself to behave in a certain meaningful way if you want dealing with US WallStreet, with the financial market, especially with derivatives trading (CFD`s). And the best way to do this is by also integrating my DEVISE 2 DAY Info Service.

A Greek legend tells of Sisyphus, the king of Corinth.
Sisyphus angered the gods – and they came up with a very special punishment for him.
His job was to roll a huge boulder up a mountain. The stone was larger than Sisyphus and heavy. As Sisyphus rolled it up the mountain, the stone kept slipping out of his grasp and rolling all the way back down. So the king had to keep starting over to bring the boulder up the mountain from the bottom. Sisyphus never managed to get the stone to the top of the mountain – it kept slipping and rolling down it. The saying about the work of Sisyphus comes even from this old legend greek mythology. This means a job that is so extensive, complicated and difficult that it will never be finished – and where you always have to start from the beginning. Just like dealing with US WallStreet, with the financial market, especially with derivatives trading (CFD`s).

If you want quick money on the stock exchange, you usually fall flat on your face!
Okay, of course there might be a handful of fortune hunters; but then only if you add 1000 to it.
I’m assuming – still as a realistic optimistic market guy – that a maximum of a handful of my readers (i.e. 5 out of 1000 of my readers) have found rapid success on US WallStreet. Everyone else, like me, keeps busy, learns, trains, tries things out day in and day out; to get even better tomorrow. To make even better trading decisions (buy/sell or do nothing). And then hopefully with the help of my Central Bank 4XSetUps, Economic 4XSetUps, Financial Market 4XSetUps, Scenario 4XSetUps, and/or Technical Analysis XSetUps.

Technical Analysis 4XSetUps
All information in each DEVISE 2 DAY Edition is carefully formulated. And that also always with the intention of formulating a 4XSetUp Trading Cpabiliy for you; even a Technical Analysis 4XSetUp. To help you for self-help, if you will. First, a short column from me. Then some information from the last 48h regarding financial market price developments; including our currently running 4XSetUps. And off we go, to the point, with central bank information, economic information, financial market information, and or even a current scenario, so that you get a competent idea of what is happening on the us wallstreet, on the financial market. My goal is not to impress you with pretty words, but rather to inform you in such a way that you can put into words what you have just read, sooner or later, more or less. And then decide independently, independently of me, whether you want to implement the final Technical Analysis 4XSetUp. Or not. The Technical Analysis 4XSetup can serve as a valuable tool for short-term and medium- to long-term investment decisions. Every investor should know the basics and the most important formations. Technical analysis, or chart analysis, examines price trends and trend formations from charts, i.e. the historical price developments of securities. The aim is to make a concrete statement about the future price development of the underlying. When analyzing individual exchange rates, individual yields, the yield curve, individual commodities, individual stocks, even entire stock markets, the fundamental data are completely ignored. The chart analyst is interested in typical price formations, support and resistance in price development. The end goal is to find the optimal time to buy or sell. The theoretical relevance of technical analysis has not yet been clearly proven, but the majority of investors attach great importance to it. For this reason, I also think it makes sense for my readers, including you! Or not?
DEVISE 2 DAY 48h
– My Last Thoughts Abot Market Price Actions

It`s a busy week, this 4th week of 2023. In the US with releases including the Q4 GDP growth rate, durable goods orders, the PCE price index, personal income and spending, and earnings reports. Also, flash PMI data for January will be published for the US, UK, Japan, and Euro Area countries. Investors will also follow BoC Interest Rate Decision, Germany IFO business climate and GFK consumer confidence, GDP growth rates for South Korea and the Philippines, and the inflation rate for Australia.

US Durable Goods New Orders YoY 11.13% for Dec 2022
United States GDP Annual Growth Rate At 1% 4Q22

US Durable Goods New Orders YoY is at 11.13%, compared to 6.29% last month and 11.31% last year. This is higher than the long term average of 3.32%. The Gross Domestic Product (GDP) in the United States expanded 1 percent in the fourth quarter of 2022 over the same quarter of the previous year.

3.7% in 1Q22, 1.8% in 2Q22, 1.9% in 3Q22 and/or today published 1.0% in 4Q22 shows us no constant growth in the us economy, on a quarterly basis, compared to the previous year – yoy. Technically formulated, a recession is defined as 2 consecutive quarters of shrinking compared to the previous year. So there is no danger yet, because we haven’t even experienced 1 negative growth quarter so far. However, for the US Americans, as well as for us Europeans, including us Germans here, due to the high inflation and stagnation (higher inflation than growth), it should feel like a recession. Even if by definition it is currently not.

WallStreet reacted positively to the economic data news today and moved on. Rather, the numbers from TESLA and/or IBM should have encouraged the bulls to stay tuned. While some medium-term bears may have been out of breath since the start of the earnings season. Because the stock markets on US Wall Street are holding up relatively well. 34,000 in the Dow Future, 12,000 in the Nasdaq Future, and/or also 4,000 points in the S&P500 Future currently seem to be important psychological marks that bulls/bears seem to be rampaging about. And that`s why I dedicated the development of the Nasdaq over the last 2 trading days to the frint page. Because the NASDAQ has outperformed the price development of the DOW in the last few days. Nevertheless, I would rather stay long in the Dow Jones Future instead of entering the Nasdaq now. Because the NASDAQ is and remains simply too expensive for me; let alone too volatile. Which is why I leave it with the long 4XSetUp in the TESLA share. And it has not disappointed us in the last few days! Or?
DEVISE 2 DAY Another 48h
– Some Last News About Market Price Actions

Gold Hits Fresh 9-Month HighFTSE 100 Closes Above 7,750
Russian Stocks Drop for 3rd Session
Italian Shares Close at 11-Month High
French Stocks Rise to 11-Month Highs

Gold Hits Fresh 9-Month High
Gold rose toward $1,950 an ounce on Thursday, reaching its strongest levels in nine months amid a general dollar weakness, as softening US economic data, mixed corporate earnings, and recent comments from Federal Reserve officials signaled a less aggressive monetary tightening ahead. Fed Governor Christopher Waller said that upcoming rate moves and an expected continued decline in inflation left policy “pretty close” to being “sufficiently restrictive”. Markets are expecting the Fed to deliver a smaller 25 basis point rate hike at its Jan. 31-Feb. 1 policy meeting. Investors now look ahead to a raft of US data that could guide the rates outlook, including the Q4 GDP growth rate, durable goods orders, the PCE price index, and personal income and spending data. Gold is highly sensitive to the rates outlook as higher interest rates raise the opportunity cost of holding non-yielding bullion and vice versa.

FTSE 100 Closes Above 7,750
Equities in London regained some traction on Thursday, with the blue-chip FTSE 100 closing above the 7,750 mark, driven by the financials and industrials sectors.

Russian Stocks Drop for 3rd Session
The ruble-based MOEX Russia index erased early gains to close slightly lower at 2,167 on Thursday, notching its third straight session in the red as losses for energy and fertilizer producers outweighed gains for miners and metallurgists.

Italian Shares Close at 11-Month High
The FTSE MIB index closed 1.3% higher at 26,220 on Thursday, outperforming other European benchmarks to reach its highest level since February with support from tech and banks. Investors welcomed a batch of strong earnings results that pointed to some corporate resilience from aggressive interest rate hikes by the ECB, while better-than-expected GDP growth in the US added to positive sentiment.

French Stocks Rise to 11-Month Highs
The CAC 40 index rose about 0.7% to close at 7,096 on Thursday, back to high levels last seen in February of 2022, in line with its regional peers. Market sentiment was boosted by strong quarterly earnings from big companies and ongoing expectations that the Federal Reserve would soften the monetary policy path.DEVISE 2 DAY
Affiliate Financial Market Online Newspaper
– Where I Wrote Something Wrong And/Or Something Right

Johnson & Johnson, 3M and also GM on Tuesday before the opening – and Microsoft, Texas Instrument, after the closing bell. Boeing & AT&T on Wednesday before the closing bell – Tesla & IBM after the closing bell. Mastercard on Thursday, before the closing bell – Intel & Visa, after the closing bell. As is Chevron & American Express, on Friday before the closing bell, are the biggest names on US Wall Street for quarterly results, this 4th week of 2023. In the Technical Analysis 4 SetUps I will more or less address the results; EURUSD on Sunday, DAX Future on Monday, TESLA share on Tuesday, and/or the DOW Future on Wednesday & Thursday. These are the main zopics of this week.

I remain fundamentally optimistic about the DOW Future; but not without air pockets to use an image during a flight. The future level of the upcoming 1,2 and/or 2,3 rate hikes by the FED, as well as the quarterly figures on US WallStreet, may cause air pockets – on our bullish path towards 35,000 points, this year 2023.

I chose the DOW Future as our basic investment; as it is not as tech-heavy as NASDAQ. Because I think the party on NASDAQ might be over for the time being, maybe for years to come. Because the companies are simply historically too expensive! Therefore the DOW Future and/or also DAX Future. Just classic conservative blue chips from the USA and/or Germany – who run their operative business worldwide. I also have the TESLA as a long 4XSetUp, if you will, as a volatile high beta share. If I’m wrong about that the NASDAQ will not recovering. So that in terms of profitability, like in 2022, we are not lagging behind. Because I assume that the US dollar, in 2023, should be nominally cheaper, since the Fed has already done most of its homework in 2022. In contrast to the ECB, which is likely to face a rocky hard road in 2023. Therefore also in the EURUSD long, in addition to the DOW Future, the DAX Future, and or also the TESLA share.