Lets Play US Stock Market Charades – Part 4

Three days ago, I introduced a new game called, US Stock Market Charades. In this game, there are no non-verbal (no talking) motion clues, just charts and I put a bunch of charts in order to give you clues so you could guess what direction the US Stock Market Equities were heading next.

Lets Play US Stock Market Charades

Lets Play US Stock Market Charades – Part 2

Lets Play US Stock Market Charades – Part 3

Alright, are you ready for some additional clues?

Clue 1

The ISM index is a good leading indicator of the economy and is useful in gauging turning points in the business cycle because the difference between new orders and inventories equates to future production or lack of future production.

The ISM is released monthly by the Institute for Supply Management, but based on surveys of 300 purchasing managers throughout the United States in 20 industries in the manufacturing area.

On Monday the numbers for September were released and came in at 47.8%, the lowest since June of 2009.  50% is the line in the sand, so any above 50% means expansion and anything below 50% means contraction.


Clue 2

The ISM Non-Manufacturing Index is an index created by the Institute for Supply Management Non-Manufacturing, using information collected from surveys from over 400 non-manufacturing companies.  Essentially, it’s an index measuring the service sector.  The numbers for September were released on Weds.

Service-oriented companies that employ the vast majority of Americans registered the weakest growth in September in three years, adding to a cacaphony of reports showing a broad slowdown in the U.S. economy.

The Institute for Supply Management’s said its non-manufacturing index fell to 52.6% last month from 56.4% in August. Economists polled by Marketwatch had forecast a 55.3% reading.

Numbers over 50% indicates businesses are growing, but the index has fallen 8 points below its post 2008 recession peak of 60.8% achieved last fall.


OK, you have 60 seconds to earn one point, where is the US Equity Markets headed???

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Bitcoin: Support Becomes Resistance

When bitcoin cracked 9,400 the next support level was around 8,400. Price closed there with a doji type candle (indecision) but failed to put up any fight and continued to fall lower.

Support becomes Resistance

With price getting down to 7700 and bouncing it was smart to keep an eye on 8,400 for the upside. Sure enough price got to that area and struggle and after closing lower yesterday did so again with today’s candle.

Now we wait to see if bitcoin will push lower and test that 7700 area low or if it can make another run at 8,400.

A move lower would be interesting as the 7,600 to 7,500 area is where everyone originally was looking for support on that prior move lower. There are a lot of buy order stacked in there, myself included. If that doesn’t hold than 6k is on the table.

For the upside it is 8,400 and then 9,400. Pretty simple. Let’s wait and see.

MANA technical analysis

MANA seen from the temporality of 1W we can observe as in the previous LL, the price consolidated support to then make a pullback that we are currently seeing through a series of bull candles, sign of a greater bullish movement ahead, the RSI indicator shows us how the strength of the current momentum is increasing after reaching the weekly oversold zone, a strong signal for the bulls, the price has to recover the key support located at 0.00000346 and confirm it as support to continue looking for our first target which is located within the price range of 0.00000400 – 0.00000443, which should have no problem getting there if it maintains the current momentum.

MANA seen from the temporality of 1D we can observe more closely the current movement of candles, we see as before, the price confirmed support through a retest in the horizontal located at 0.00000297, followed by a bullish momentum that through a pair of HL the price is giving a sign of continuing to rise, currently the candle in 1D is finding resistance after making the break of the small upward triangle that I have indicated within the chart above in blue, the price should make a brief retreat to test the key support it needs to recover, and it is very possible that it will fall to the diagonal support indicated by the chart through the dark blue diagonal, if you make this move and find demand in that area, then it is very possible that we will see a next upward momentum towards our first target mentioned above, otherwise, if the price falls below the diagonal support and confirms, we should wait for a major setback to the area of demand located at 0.00000297, which the bulls should defend to prevent the price from falling into the next zone of demand located at 0.00000208.

In conclusion, MANA maintains a series of bull candles within the weekly temporality, which is presented as a strong buy signal, the volume should not take long to arrive, the first step has to be to regain the key support and then confirm a next upward movement towards our first target, if it manages to make that level and take it as support, our second target is located within the price range of 0.00000660 – 0.00000714, I recommend to be very attentive to the action of the price in 1D to avoid invalidations in the movement, wait for confirmation in support to secure long position.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

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Yesterday was not my lucky day

Yesterday I place a nice bet that I almost won the bet but one team just one team spoiled the bet for me. In the begining when I was staking the bet I was not sure that it might go through to that point and also when I saw that the team that I know will spoil it will spoil it I tried to do a fast withdrawal of which I wont get the full money. But unlucky for me when the money came that was 65gh when I tried to with the team has already been scored so they took away the money again. It really hurt me that I didnt remove that team from my best and fix in Arsenal or PSV or Celtic so that I could have won the bet. It really pain me that I could won that bet because it was a serious bet that anybody wont go for that kind of bet but I did. But better Luck next time.

United playing Draw With Az

Hello everyone, Yesterday was more fun in the Europa league as Manchester United played Draw with AZ and took home with a 1 points and now they are leading the table with 4 points. Manchester United has to win their next match to secure their position to qualify to the next stage. The group that was given to Manchester United was an easy go team but look at what they are doing. Truely this shows that the team is really not in a good form. Lazio did well to do their comeback thing to win the match again Rennes. It was really sad when I saw Rennes leading by 1 goal in the first half before they went on the half time break. But I think the peep talk that was given to them worked nice so when they came back from the half time break they did what they can to make sure that they take home the 3 points. Nice game to Lazio. Manchester United on the Other had has alot of work to do else if we qualify to the next stage of the Europa League we might get off from the Europa League. Because with this kind of performance is not really showing that the team can win something this season.