US
Pre-London Open Tuesday 06:21:14 (UTC) Tue Jan 11, 2022 Under a Biden administration plan, private insurers will have to pay for Covid-19 tests that can be bought over the counter starting Saturday. This is to make it easier for people to screen for infections and stop the spread of the Omicron variant of the virus. As of Monday, millions of people who have private health insurance can expect their insurers will pay for up to eight tests a month for each covered person. They will also be able to buy the tests at no cost through their insurance.
According to the new policy, people with private insurance will not have to pay for the tests like deductibles or coinsurance, and they won't have to pay for them either. Insurance would pay for 32 tests a month for a family of four who all had the same health plan. There are a lot of people in the Biden administration who want insurance and group health plans to work with specific stores and pharmacies so people can get free over-the-counter tests without having to pay up front or submit a claim for reimbursement.
NASDAQ 100 BIG MOVEI think that nasdaq 100 is going to jump back up
Firstly wait for stop hunt and then trade channel breakout to the upside.
(XAU) Gold Long ideaSince Gold was able to restest the 1834 level the shiny yellow metal has failed to surpass this area. There was a second rally to this level however the price was only able to reach the 1830 area before correcting. This near 2% correction could lead to lower levels, however due to the volitlyy that Gold has shown in the past, a retest of the $1810 area seems likely. The RSI levels on the 15m, 1hr, and 4hr time frame are all oversold which shows that there is room for XAU to rise from here. The stop-loss area for this trade is located just below the 1787 level, if this break then a short positon is advised.
SPX S&P500 Long IdeaAfter the release from the Federal Reserve last night US stocks and indcies fell after the news that the Fed plan to intrudcude rate hikes sooner than expected. This has caused the SPX to fall by 2.57% towards the low 4700 levels. This level has acted as support beforehand, this coupled with oversold RSI levels on the 4hr the time frame and the S&P500'S tenacity of late indicates to me that a rise back up to all time highs are likely. The stop-loss area for this trade is at 0.5%, to mitagte lossess incase the fundamental data that releases later on today push US stocks down.
Will the USD rally continue?At the moment the USD is significantly overbought and could roll over at any moment. For now however what is more likely is a simple pullback and then continuation higher. As the Fed is determined to raise rates and inflation seems to be pretty high, the USD could appreciate even more and the US is very dominant. Maybe a stock market correction or a change in direction by major central banks do have an impact on the DXY, but the current trend is still up, although the USD could fall to as low as 93.9 before continuing higher.
Maybe we get a pullback as rates have gone up significantly without the Fed having even started to raise rates yet. Maybe the rally we've gotten up until now is already overdone as the market has priced in the rate hikes. Maybe the market hasn't priced in some of the rate hikes, but the reality is that it is already ahead.
The US 10Y yield had lost all its gains relative to other countries since mid 2013, from end of Nov 2018 until the huge oil crash in Apr 2020. Then rebounded all the way up to the point where its collapse hard started in Feb 2020 and then pulled back again. Now consolidating but with no clear direction yet. A lot will be determined on rates in my opinion, however that isn't the only reason the USD could go up or down. At the same time we have a lot of people chasing safe US liquid assets while USD denominated debt is sky high, and higher inflation that isn't caused money printing is doing a lot of damaged to those that hold a lot of USD debt.
NZD/USD Outlook (05 January 2022)Overall, NZD/USD is ranging across. Recently, NZD/USD broke above the key level of 0.68.
Currently, NZD/USD is trading toward the resistance zone of 0.68400 and the next support zone is at 0.67100.
Look for short-term buying opportunities of NZD/USD if it breaks the resistance zone of 0.68400.
US 100 AnalysisMy TA analysis for next week.
Daily Timeframes : BULLISH.
Current Direction of market is BEARISH. (short term)
Chart Pattern : QMP Setup (Sell) + QMP Setup (BUY)
On this BIG Ranging. At Current setup is still bearish movement because price have break 2 H1 SUPPORT.
For next week, watch what pattern form on lower timeframe (M15,M30,H1) at H1 Support. Continuation or Reversal.
If the price Succesfully Break the H1 Support it will retest and Target TP 2 Zone.
Always watch on lower timeframe when the price reach SNR / Fresh previous BASE.
Hope this would help. May this 2022 give you a lot of blessing, new adventures and good fortunes . HAPPY NEW YEAR Boisss .. :D
Tesla, more bullish than everElon Musk said he's done selling Tesla stock for now and look at the market reaction. It seems the perfect entry for Tesla and all indices. Once again if you trust Elon, you will be right in the market. From the technical analysis perspective, we can clearly see that the uptrend is resuming and ready to make new highs once again. Tesla is one of the best examples of buy and hold strategy. We bought it back in 2020 and we've been adding positions ever since.
PALANTIR - Wait For The Trigger!PALANTIR is approaching a strong support zone in green we will be looking for buy setups on lower timeframes.
on M30: PLTR formed a valid trendline in red but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
Trigger => Waiting for a momentum candle close above the last major high and 20.0 to buy.
Meanwhile, until the buy is activated, PALANTIR would be overall bearish and can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DAILY CHART (Nasdaq) US 100its an uptrend continuation and i see a buy opportunity on our support line making a way to the all time high. TVC:NDQ
The 3 CHARTS to make me Bullish These 3 charts are bullish for Bitcoin and extremely Bullish for Alts.
1. The US INDEX hit Resistance and stochastic RSI pressure is down, good for Bitcoin. The weekly and Daily has the Dollar going down. With the extra money being printed now, holding Crypto is a good bet.
2. This one is the Bitcoin Dominance, The daily time frame shows resistance hit and stochastic RSI momentum pressure is down. The weekly looks worse. Extremely good for Alts.
3. The Last chart here is theTotal Crypto Marketcap without Bitcoin. It is sitting on the bottom on the Linear Regression channel and Stochastic RSI and Support formed shows that a beautiful run is about to take place.
The TOP of the S&P500 (SPY)!Hey friends,
Just calling the TOP of the SPY. It made four attempts to break through the ~470 range with no luck.
With high inflation, EVERGRANDE and Omicron being potential straws that break the camels (economy's) back, I seriously believe the market is completely overvalued which will result in the next recession.
Time to be patient. Hold your cash ready.
Love, peace, Seb.
Bearish on Bank Of America (BAC)This is my first time publishing any analysis and I have also not been analyzing charts for to long. This post is more so looking for feedback on my analysis, but if it helps others, then great.
That being said, I am confident in shorting BAC as a result of the bearish indicators shown in my chart. For one, it is hovering above a support level that I think needs to be hit before BAC rebounds. My other reasoning is the the 50 day and 100 day moving averages are crossing. The third reasoning shown in my analysis is the "Bearish Cup and Handle Pattern." Also not drawn in what I believe to be a bearish pennant pattern. These reasons are why I have a bearish bias on BAC.
As I said before, I am new to this, so any feedback would be MUCH appreciated.
(Not Financial Advice)