tag:blogger.com,1999:blog-28742894711614657772024-03-06T12:02:56.658-08:00MegaTrade101.com MEGATRADE101.com - The Business of Making the Right Trading Decisions Beyond Charting & Price Action AnalysisUnknownnoreply@blogger.comBlogger1247125tag:blogger.com,1999:blog-2874289471161465777.post-16532735496996501802018-10-07T08:10:00.000-07:002018-10-07T08:17:38.532-07:00USD as a 'Buffer Strategy' Post Interest Rate Hikes
Tech Stocks Significant Correction Move & Yields on the Rise
With the USD softness at this time. The way we approach its weakness for now is quite independent as it would likewise be used as a buffer strategy that once the FED raises rates the USD would be coming from its low pre-adjusted for inflation levels the 4th quarter 2018.
Besides with the USD - DXY Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-2874289471161465777.post-69593509011266805192018-09-28T07:03:00.000-07:002018-10-02T09:02:25.850-07:00EURO Suffers - Italy Defy EU Zone Rules, Supports Higher USD (DXY) After FED Rate Hike
Euro drop to 1.1582 ( tech pattern in the making) as the USD remain buoyant from its three month moving average set at 93.75; is now above our 95.05/10 core basis level currently at 95.30 which is a 1% gain for the week.
Support for the USD is coming from both directions with the recent Fed rate hike. Not to mention, a greater portion of the total amount of funds repatriated back toUnknownnoreply@blogger.com3tag:blogger.com,1999:blog-2874289471161465777.post-3605522641933491082018-09-23T23:16:00.002-07:002018-10-01T04:56:09.598-07:00Focus on US EQUITY Market SUSTAINABILITY Keeping a DEFENSIVE Stance
It's a busy week ahead with US economic data from Consumer Confidence, Durable Goods, FOMC Funds Rate Decision among others in European side and particularly GDP figures! As China declined the US proposed tariff meeting, highly relevant news to watch would be a couple of speeches coming from Fed Chair J Powell after rate decision, ECB President Mario Draghi in Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-2874289471161465777.post-15036614299357841722018-09-19T22:40:00.000-07:002018-10-04T00:49:08.344-07:00PHP Exchange Rate & PH Stock Market Outlook 2
In response to requests
As of Sept 19-20, 2018PHP Exchange Rate & PH Stock Market Case Scenario based on Facts & DataA Decision where Investors should make a stand!
The PSEI previous market recovery can now be called a 'dead cat bounce' as we have made mention that diagonal uphill climb towards the 7880/81 levels twice would not be a full recovery. The re-emerging US - China Unknownnoreply@blogger.com5tag:blogger.com,1999:blog-2874289471161465777.post-2159687665752463252018-09-19T01:16:00.001-07:002018-10-03T21:14:49.516-07:00AUDUSD Gains Ground with EURO & CABLE 2
Finally, AUDUSD have started to regain its ground after most investors have swayed much stress over the retaliatory action s of China against the additional US trade tariff imposed by President Trump. The same manner that US equities have continued its pace to record levels after a minor corrective move led by the triple digit climb of the DOW above 26200. Meanwhile, this is also against a Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-2874289471161465777.post-59343313707085442832018-09-13T09:25:00.000-07:002018-09-13T09:25:36.999-07:00EURO CABLE & AUSSIE Advances from a SOFT USD
Equities benefits from Renewed US CHINA Trade Talks
The next round of talks have provided US equities a boost with the DOW at 26,130.26 up by +131.34 (+0.51%) and the NASDAQ back again at 8,009.03 up by +54.80 (+0.69%) and the S&P 500 gets a lift at 2,901.74 up by +12.82 (+0.44%) as of this writing.
While the US Dollar Index - DXY has been relativelyUnknownnoreply@blogger.com7tag:blogger.com,1999:blog-2874289471161465777.post-23424933886243019082018-09-11T10:20:00.001-07:002018-09-26T11:03:55.930-07:00On the Flip-Side: Let's Credit Elon Musk for his PASSION to INITIATE
For a change: A Balance Perspective! A lot of investors including ourselves have made a fair share of TESLA / Elon Musk run and have lost some on the downturn. There are also quite a number of naysayers now that does not meet their expectations. And remember that on the other side of the coin there are those who still believeOur take on this matter is simple: Everything is NOT business Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-2874289471161465777.post-83578545737425336802018-09-09T10:37:00.001-07:002018-09-12T00:04:54.486-07:00On the USDPHP Exchange Rate & PH Stock Market
Friday's closing as of Sept 7, 2018 have continued the selling pressure for the PSEI with the Philippine Peso -PHP value losing more ground as the USDPHP exchange rate accelerates to the 53.98 high to close at 53.71; on top of the regional performance among its Emerging Markets - EM CCY peers in Asia FX trading.
As of Sept 7, 2018
Philippine Peso
PSEI marked a low at 7526 & close with Unknownnoreply@blogger.com8tag:blogger.com,1999:blog-2874289471161465777.post-17845095813235476402018-09-07T22:16:00.001-07:002018-09-08T01:03:48.514-07:00USD Remains RESILIENT, 10 Year Bond at 2.942% RECOVERY
Post analysis dated Aug 22 through Sept 7, 2018 - USD Index - DXY resiliency have held well from August retest at 94.16 low. In fact, its gradual ascend in prices are quite orderly with HIGHER LOWS from the past 3 months; well above its average at 93.75.
While closing at 95.33 basis pt. for the week as a result of favorable sentiments surrounding the markets including the Jobs data. TheUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-2874289471161465777.post-36978878205808807542018-09-06T07:35:00.000-07:002018-09-11T23:53:07.497-07:00Initial Mix Market 1st signal Confirmed by Inflation Data Drives PSEI Sell off The markets ability to sustain above 7880 twice for the PSEI have failed & dragged lower by a higher inflation report at 6.4% has kept market participants on edge. Especially so when the report came in late from its schedule release.
Foreign investors outflow have kept market selling pressure high. Likewise the continuing PHP depreciation is not helping local retail investors at Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-2874289471161465777.post-51081508418182617272018-09-02T04:40:00.000-07:002018-10-08T01:30:02.228-07:00Comparative Analysis: NASDAQ TECH Stocks on AMZN & AMD
NASDAQ record high at 8133 levels would have to be watched carefully for profit taking activities that can be considered to be a probable 'Melt Up' when considerable volumes based on their respect average from the major stock components would be accompanied by the end of the week's trading.
In relation with AMD's price action, the relative cluster formation may well turn out to be Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-2874289471161465777.post-3555636675062895842018-09-01T10:31:00.000-07:002018-09-01T10:32:03.298-07:00AUSSIE Retraces 0.7180 Finally - USD takes a Breather
With the USD Index back above 95.05/10 Basis Point
From the AUDUSD consolidation period, it took a month / half for the AUSSIE to slide back towards 7180, as described on the chart below & based on the market & price level last July 19th. Obviously the exchange rates are misaligned at this time and the forex market takes a much longer period of time to make a decent market move on our Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-2874289471161465777.post-2189816128491823052018-08-29T21:33:00.000-07:002018-08-31T05:27:52.048-07:00Comparative Analysis Validated: PSEI & GTCAP Divergent Trend Action
Sequence Trade: PSEI Readings Mix with Distinct Trade Setup Part 2
With the PSEI topping at the 7880 level on the 2nd week of August; identifying that the 'divergent trend' between the three major companies AC, SM & GTCAP, Particularly focused on GTCAP stock prices was identified to have the distinct divergence that defines a higher probability of a decline since our first market call Unknownnoreply@blogger.com9tag:blogger.com,1999:blog-2874289471161465777.post-35819098072034429552018-08-28T07:48:00.000-07:002018-08-28T07:49:10.740-07:00Across Futures & US Equities Indices Price Action & the FX Markets
From our Aug 21 posting of the market's endurance, it didn't take long for the market to jump into new record highs for the SP500 & NASDAQ when the DOW broke through the 2nd price objective above 26000 after hurdling the 1st at 25550 levels. And the 2nd much awaited index element that came through was the NASDAQ Futures breaking the 7500 price level on the way higher.
COMPARATIVE Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-2874289471161465777.post-16319965818879850372018-08-27T11:02:00.000-07:002018-08-27T11:02:04.626-07:00iShares MSCI EPHE Philippine ETF Edges Ahead
In the absence of the PH stock market as of Aug 27, 2018 due to the National Heroes day celebration, the US Philippine ETF - EPHE equivalent to the PSEI has edged higher; way ahead of the closing price at 7766.47 as of Aug 24th. This has given US PH investors a leg up which the local PH stock market would try to play catch up. But we all know how institutional players, along with their Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-2874289471161465777.post-62172451870961401942018-08-27T07:11:00.000-07:002018-08-27T07:58:27.050-07:00Saudi Arabia's Tadawul Rally Takes Center StageAfter the EID Mubarak Holiday, celebration continues in the kingdom as Saudi Arabia's Stock market ' Tadawul' have outperformed the other Gulf markets with a 1.42% rally, compared with Dubai Index gaining 0.4% only because of the effects brought about from Turkey's crisis.
Although, the Bank Emirates NDB had relative exposure from a company acquisition led to a slide only to see a 2% price Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-2874289471161465777.post-90727308916975729312018-08-26T20:16:00.000-07:002018-08-26T21:35:03.648-07:00Exceptional times for NASDAQ Bull Run Jan 25, 2017 to Aug 24, 2018
Keeping Track from MegaTrade101 Trading Journal
In case you missed it: Revisiting our market call last January 25-28, 2017 with NASDAQ at 5660 levels then is up to 7913; which have been an exceptional run until today August 24, 2018 exactly 1 year and 7 months. NASDAQ tech stocks are the dominant drivers from where they came from and where they are priced at as of today.
NASDAQ from Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-2874289471161465777.post-6196497239684293452018-08-22T08:04:00.001-07:002018-08-22T08:44:38.937-07:00USD Index (DXY) Marks a Retest Psychological Price Level at 95.05/10
Watch STANDARD DEVIATION on Price Action
On the tech angle, the USD index correction to the US session low of 94.49 is a retest of the psychological price support after coming from a high at 96.98 last week. Pressure from another news report on Pres. Trump's legal issues has been in the newswire again.
The market's ability to search for a reason to move lower have been coming from Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-2874289471161465777.post-69296682378997606792018-08-21T06:37:00.000-07:002018-08-21T06:37:53.016-07:00Continuing 'DIVERGENCE': EURO & USD ValidatedThe market highlight reflects that the significant price divergence between the EURO & the US Dollar continues with both major currency pairs have moved in contrast with the DXY declining to 95.50; while the EURUSD is at 1.1500 price recovery for now.
Likewise, the EURUSD opening price gap have justified our call dated Aug 12, which served to be an 'Exhaustion Gap' but was able to Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-2874289471161465777.post-37375927283474643132018-08-18T03:13:00.003-07:002018-08-18T04:01:24.126-07:00Transitioning US Dollar After 50% Fibonacci Marks USD Objective
A Technical Perspective approach where we have defined and described in the video that the USD Index - DXY dated Aug 10th, that it is nearing the 50% range objective; from its high last January 03, 2017 at 103.82 and a February 16th, 2018 low at 88.25 basis point.
The reaction for a corrective decline have indeed been anticipated with the DXY extending its price level to high at 96.98 shown on Unknownnoreply@blogger.com5tag:blogger.com,1999:blog-2874289471161465777.post-45868988019403058162018-08-15T09:27:00.002-07:002018-08-15T10:00:01.572-07:00Staying the course on USD Contrary to a 'Broader TRADE Perspective'
Staying on course the USD DXY has been the right decision up until now. Where the registered high marked in the US session at 96.98 have been supported by strong retail numbers. However, the case maybe is the fact that the YEN have generated quite an attention with the USDJPY marking a 111.43 high and is currently trading at 110.63 levels. Risk aversion just one of the real reasons for market Unknownnoreply@blogger.com7tag:blogger.com,1999:blog-2874289471161465777.post-81320232916890514012018-08-15T00:26:00.000-07:002018-08-28T23:50:49.396-07:00PSEI Readings Mix with Distinct Trade Setup
MegaTrade101 take on the recent PH Stock market price action
Setting aside the Turkish crisis for now, the PH stock market price action on the decline was attributed by some market analysts from the recent surprise report from a 6% reading on the Philippine economy slower growth, plus the recent BSP interest rate hike of 50 basis point on top of the previous 5.7% inflation rate data that Unknownnoreply@blogger.com6tag:blogger.com,1999:blog-2874289471161465777.post-56725902928948312672018-08-14T07:05:00.000-07:002018-08-14T07:23:46.793-07:00CORRELATED Declines Across Cryptos Initially led by ETHUSD
Unfortunately, for now there are strong bearish market sentiments for Bitcoin that marked a low at 5858 in Asian session, which is indirectly from the contagion and for some a much delayed US SEC approval for ETFs. As CME Bitcoin Futures are much too expensive for retail speculative investors & traders to get into.
The correlated declines across Cryptos, for now is led by ETHUSD Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-2874289471161465777.post-20449606972000565672018-08-12T23:12:00.000-07:002018-08-12T23:17:07.430-07:00OPENING Price GAP on the EURUSD - A Clear Divergent Target
EURO hits its target levels at 1.1379 (Validated) as of this writing, we have indicated in this market outlook as of the Asian opening trading session Aug 13, 2018. Although, we considered this as a 'delayed price reaction' just waiting to occur.
As the divergent trend regression between the USD Index and EURO was 'identified ahead, since last Aug 03, 2018' compared with the current Unknownnoreply@blogger.com5tag:blogger.com,1999:blog-2874289471161465777.post-28005163174133066132018-08-12T10:15:00.001-07:002018-08-12T10:15:55.030-07:00A Newer Platform from InterContinental Exchange - ICE - BAKKT Will have a level playing field . . .
With a 1 Day Physically Settled Bitcoin Futures compared with what has been started. Growth, Real Transparency to a more 'Stable, Secure & Mature Crypto and Blockchain Driven industry is now on the right path, especially coming from another established institution such as the InterContinental Exchange! Other than the CME and the CBOE respectively.
ItUnknownnoreply@blogger.com1