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Day: October 18, 2019

QLC technical analysis

October 18, 2019 Published by

QLC seen from the temporality of 1W we can see how the price has started to fall once reached the resistance located at 0.00000235, the current candle has found demand in the support located at 0.00000190, indicated in the graph by the first horizontal red color, however, the price should fall to the next zone of demand located at 0.00000114, if the price is able to close the above mentioned resistance forcefully, the price could have a larger bullish momentum that should reach our first target located within the price range of 0.00000374 – 0.00000461.

QLC seen from the temporality of 1D we can observe more closely the current movement of candles, we see that the price has formed two HL after the double floor formed on the diagonal support indicated on the chart by the diagonal dark blue, this is a good bullish signal, however, as long as the price does not manage to overcome the resistance located at 0.00000235 indicated in the chart above by the horizontal black color, the price should continue to fall towards the support diagonally forming a reversal pattern of SHS that would strengthen the strength of the bears inclining the price to the area of demand located at 0.00000114, even to the lower diagonal support that I have indicated in the chart above by a yellow circle, in the chart I have also drawn the possible trajectory that could still follow the price before breaking the resistance of this accumulation range.

In conclusion, QLC is in a moment of high uncertainty, because the follow up of the bullish momentum is respecting the 0.00000190 and this suggests that there could be a continuation bullish, however, the price must also make a next touch diagonally and this approach would increase the odds of a larger reversal, therefore, I recommend to follow closely the action of the price in 1D and always place stop loss in your trades to avoid possible invalidations during the move.

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.

You can follow me on Twitter: https://twitter.com/armijogarcia

The ETF, MSCI Is A Longer Term Sell

October 18, 2019 Published by

The U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund warned on Tuesday, adding that the outlook could darken considerably if trade tensions remain unresolved.

Earlier this week, the International Monetary Fund (IMF) said its latest projections for the world economy show 2019 GDP growth at 3.0%, down from 3.2% in a July forecast.  The main culprit was the US-China trade war which is expected to cut 2019 global growth to its slowest pace since the Great Recession. 

Although, the US and China reached a phase I trade deal last week, the IMF stated if deal isn’t reached in the near future, the slowdown in the world economy could worsen, case in point….China.

China’s growth outlook for the remainder of the year and into 2020 is expected to weaken further because of obstacles including drag from the ongoing trade war with the United States, analysts said.

The next mile marker in China’s economic slowdown will come on Friday, when the country reports third quarter growth. Analysts expect it to slow to 6.1 per cent from the 6.2 per cent rate seen in the second quarter, which was the lowest growth rate since the government started publishing quarterly gross domestic product (GDP) statistics in the first quarter of 1992.

But analysts are rapidly revising down their expectations for 2020 below the lower end of this year’s growth range. Most forecasts put next year’s growth between 5.5 per cent and 5.9 per cent, with the International Monetary Fund’s just-released projection at 5.8 per cent.

Source

The MSCI Emerging Markets Index stands for Morgan Stanley Capital International (MSCI) and is an index used to measure equity market performance in global emerging markets.   The MSCI ETF that tracks this index is heavily exposed to China.  So where is price of the MSCI ETF headed, lets go to the charts?

Monthly Chart (Curve Time Frame) – monthly demand is at $120.

Weekly Chart (Trend Time Frame) – the trend is still up, but momentum appears to be stalling.

Daily Chart (Entry Time Frame) – the chart suggests once the support breaks, to look for shorts to the down side with a first target at the weekly demand at $172.

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.

What Stock Sectors are the Smart (Big) Money Investing In?

October 18, 2019 Published by

There is a saying to follow the smart money. With the performance of hedge funds over the past decade relative to the S&P 500 some may think that isn’t the smart money.

I’m smart enough to know they are still worth paying attention to because the sheer size of the positions they put on impact individual stocks and sectors.

Bank of America Merrill Lynch Fund Manager Survey

This survey gives us insight into what hedge fund managers are investing in, the latest survey showed money moving toward utilities, consumer staples and healthcare and out of energy and materials.

In addition to the movement within stock sectors there was an increase in bond holdings and a reduction in stock holdings.

This is what I recall from my view of the report which is proprietary/subscriber based.

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