Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
12/2-4 weekend market wrapup
Sp500: Neutral
DJI: Bullish
NDX: Bull(however testing new method, and if to believe new method then bearish.
COMP: Bearish.
Russell 2000: Bull
Nikkei 225:Bull
Europe remains stagnant while China looks ready for a move lower.
US markets are at very key resistance levels. If you look at long term targets, the NQ has been reacting strong to it pre-election and is showing barely any signs of strength.
Dollar is hard to read. It has reacted to resistance, but remains relatively strong. The buildup before hitting its most recent level makes me suspect. I expect the trend to continue of oil bear, dollar strength.
If somehow we reach 19300 on YM I'm a seller.
Leaning NQ short
A short I like going into next week is CVX. Although that is dependent on if Crude Oil can remain within resistance....If blast off from resistance levels, then will not consider the trade.
BONDS on the long term 30+years out has hit resistance on a wedge and has reacted strongly from summer. Question is when will the bottom be and will it get a lower high before the huge move down aka spike in yields....who knows
Nothings changed from yesterday. Everything is pointed Bond bear, index bullish. Europe remains bid. China was up today, however I am still leaning bearish on China.
Probably won't update this as much as I expect the intermarket trend to continue. When something changes(such as target levels get hit) I will start updating again.
Over my 8 years trading the markets, it paid to trust the intermarket analysis trend > my fears that the market is high relative to where it was at the time.
On a side note NKD is currently testing key resistance, so will be interesting to see how price plays around there.
Naked Indexes: CHINA is continuing with the bearish forecast from weeks ago as Europe remains bid like a rocketship. Amsterdam, France, Dax, etc....
FANGS are all at key resistance level before FED meeting interesting....
I cant predict the future but if I could guess, I am hoping we get a major selloff, which becomes one huge buying opportunity