End of month and end of quarter performance by Straits Times Index and its 30 index constituent stocks. For the quarter, STI is up slightly but only 13 stocks posted gains while 17 losses. Gain leaders are Venture Corp and DBS, loss leaders are Starhub and Hutchison Port Holdings.
A look at NZDUSD transformation from Head and Shoulders pattern into a Descending Triangle. Importantly the pair is still on track to a high probability reversal.
Same old same old. Nasdaq 100 chart with false break preceding current drop could have been lifted out of China A50’s collapse back in June 2015.
4-charts. Dot Plot shows FOMC meeting participants’ assessment of monetary policy. Rate hike odds implied from Fed Fund Futures trading.
Monthly chart going back to 2007 and a H4 chart showing price breakdown shows these features: 1) Pre-Subprime Crisis top could be back as resistance 2) false breaks at high 3) series of tests and 4) 1-2-3-4 setup for sell potential.
Straight forward analysis on daily chart appears to offer a clearly low-risk-high-reward proposition to short the DXY. Further analysis offers a different observation altogether. 4 charts that might confound you or paint you a DXY direction that will jump out convincingly.
Screencaps of rate hike probabilities as well as FOMC Dot Plot taken off CME FedWatch Tool. In addition, a list of 3 meeting outcomes that could qualify as a shock to the market i.e. high impact news.