Global market

The Global Market category provides insights, analysis, and updates on the economic and financial trends that impact international markets. From the latest news on emerging markets to trends in international trade and investments, this category covers it all. Stay up-to-date with the latest developments and get the information you need to make informed decisions in the global market.

Flag Trendline SP500 Update

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We’re hearing much talk about the potential Bear Flag pattern on the S&P 500 Daily Chart.

Let’s take a mid-week update on the pattern and note the current key price boundary levels to watch for clues.

First, here’s the S&P 500 Daily Chart trend-lines structure:

SP-500-Daily-Chart

Moving from right to left, we see the current “Bear Flag” consolidation pattern stretching from early June to present.

The lower rising trendline resides near 1,340 while the upper rising trendline continues near 1,390.  The 30-min chart below emphasizes these trendline levels.

Now, moving to the left of the chart, the last time we saw a similar Daily Chart ‘flag’ struture was from August to October 2011.

While price did break the downside trendline, the full downside target was NOT achieved due to a power-rally which developed off the 1,100 Index level.

From there, price structure continued to trade mostly in a “Creeper” uptrend, bound by the prior “flag” trendlines until the breakdown of May 2012.

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Shanghai Composite reached to Support

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Shanghai-Composite

The Chinese government reported imports rose just 6.3 percent last month from a year earlier, less than half the 12.7 percent expected increase. No doubt this reflects softening domestic demand in the world’s second largest economy and one reason why commodities have been selling off.

Don’t you think the government has to be cooking up something big?

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Weekly Market Structure in S&P 500

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S&P 500

Note the weekly bear flag on the S&P 500 index. You may call it by a number of different names (wedge, pullback, anti, flag, etc.), but the concept is the same: A period of contracting volatility with an upward bias following a sharp selloff. This pattern could be expected to resolve downward, providing a headwind for bearish trades over the next several weeks. Be aware that weekly patterns can take a long time to play out, and there is plenty of room for upswings on daily and intraday timeframes even if this weekly pattern resolves cleanly. Knowledge of higher-timeframe technical patterns often provides good context for trades on lower timeframes. This is an important part of understanding evolving market structure and potential technical risk factors.

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World Markets: Is the Stock Market Ready to Rally?

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All year anxious investors have faced a wall of worry including:

  • The endless European debt crisis,
  • Collapse of commodity prices (including crude oil),
  • Middle-East instability (Iranian nuclear threat, Syrian civil war, religious radicalization of Egypt)
  • Increased tax burden and job-killing effect of Obamacare
  • U.S. presidential election and  the impending “fiscal cliff” in 2013, promising automatic spending cuts and tax increases
  • Record-low U.S Treasury bond yields and an 18-week low in the Economic Cycle Research Institute’s Weekly Leading Index may signal a new U.S. recession
  • Chinese economic growth may be weak for “several years”
  • U.S. employment report for June was weak

Bottom line: I’m feeling more bullish.

Read More…

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MCX Gold, Silver, Crude oil, Cardamom and NCDEX Steel long

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mcx gold & silver tips

This Monday morning bring the biggest surprises. Let’s come to the point, MCX Gold and Silver both is running totally opposite to Global Market. Dow Jones will kiss 13224 in coming days as well as FTSE 100 also touch 5759 level… Silver maybe crash and close below 51460 then market will crash heavily. Intraday traders and Long-Short Term Traders please don’t work without any guidance otherwise you will lose all money, which you earned by trading.

Today, if gold make red light at opening bell then sell it. Targets: 29456 – 29429 – 29360. Stop to trade with Silver without guidance.
Choice is yours!

 

mcx crude oil tips

MCX Crude oil is looking bit weak. Once it open downside then Sell it with targets: 4742 – 4718 – 4704. If it’ll open upside then leave to trade with Crude Oil and keep patience.

 

cardamom mcx ncdex calls

Cardamom is mom of every commodity. Mom always ups in our heart that’s why I’m saying to everyone Buy it!
Targets: 1355 – 1361
Yep, don’t hold long otherwise mom will hit you…

 

steel long ncdex tips

Steel long already made good low and in bloodbath rightnow. I say, it’ll stop to crush in between 3 trading sessions but Intraday player go and sell it. Targets: 31674 – 31635 – 31590

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Dow Jones (Weekly Update 22-06-2012)

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Stocks ended a volatile week on a strong note, with all three major indexes finishing sharply higher in trading today. Stocks bounced back after Thursday’s huge sell-off.

The DJIA ended the day 0.53% higher at 12,640.78, the S&P 500 ended the day 0.72% higher at 1,335.02, and the Nasdaq ended the day 1.17% higher at 2,892.52.

The week began on a promising note as Greek voters opted for the pro-bailout parties in the election last Sunday. Although the Greek election results ended a great deal of uncertainty, Spanish borrowing costs rose to a euro-era high. Italian borrowing costs also surged raising renewed worries over the euro zone debt crisis.

Investors’ sentiment was also weighed down by lack of action from the Federal Reserve at the end of its two-day monetary policy meeting on Wednesday. The Fed extended its Operation Twist program on Wednesday, which was expected. However, the central bank did not hint at more aggressive monetary easing.

Worries over the euro zone, lack of action from the Fed, and some concerns over global economic growth sparked a huge sell-off on Thursday.

Although stocks made a recovery today, the Dow Jones and S&P 500 ended lower for the week. The Dow Jones fell 0.99%, while the S&P 500 fell 0.58% for the week. Nasdaq managed to post a 0.68% gain for the week.

Financials led the gains in trading today, gaining 1%. The gains in the sector were led by bank stocks, which rose despite a rating downgrade of five of the six biggest U.S. banks by Moody’s. The ratings agency also downgraded the credit rating of several European banks.

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