Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
US and UK Coronavirus Trend Trajectories vs Bear Market and AI Stocks Sector - 30th Mar 20
Are Gold and Silver Mirroring 1999 to 2011 Again? - 30th Mar 20
Stock Market Next Cycle Low 7th April - 30th Mar 20
United States Coronavirus Infections and Deaths Trend Forecasts Into End April 2020 - 29th Mar 20
Some Positives in a Virus Wracked World - 29th Mar 20
Expert Tips to Save on Your Business’s Office Supply Purchases - 29th Mar 20
An Investment in Life - 29th Mar 20
Sheffield Coronavirus Pandemic Infections and Deaths Forecast - 29th Mar 20
UK Coronavirus Infections and Deaths Projections Trend Forecast - Video - 28th Mar 20
The Great Coronavirus Depression - Things Are Going to Change. Here’s What We Should Do - 28th Mar 20
One of the Biggest Stock Market Short Covering Rallies in History May Be Imminent - 28th Mar 20
The Fed, the Coronavirus and Investing - 28th Mar 20
Women’s Fashion Trends in the UK this 2020 - 28th Mar 20
The Last Minsky Financial Snowflake Has Fallen – What Now? - 28th Mar 20
UK Coronavirus Infections and Deaths Projections Trend Forecast Into End April 2020 - 28th Mar 20
DJIA Coronavirus Stock Market Technical Trend Analysis - 27th Mar 20
US and UK Case Fatality Rate Forecast for End April 2020 - 27th Mar 20
US Stock Market Upswing Meets Employment Data - 27th Mar 20
Will the Fed Going Nuclear Help the Economy and Gold? - 27th Mar 20
What you need to know about the impact of inflation - 27th Mar 20
CoronaVirus Herd Immunity, Flattening the Curve and Case Fatality Rate Analysis - 27th Mar 20
NHS Hospitals Before Coronavirus Tsunami Hits (Sheffield), STAY INDOORS FINAL WARNING! - 27th Mar 20
CoronaVirus Curve, Stock Market Crash, and Mortgage Massacre - 27th Mar 20
Finding an Expert Car Accident Lawyer - 27th Mar 20
We Are Facing a Depression, Not a Recession - 26th Mar 20
US Housing Real Estate Market Concern - 26th Mar 20
Covid-19 Pandemic Affecting Bitcoin - 26th Mar 20
Italy Coronavirus Case Fataility Rate and Infections Trend Analysis - 26th Mar 20
Why Is Online Gambling Becoming More Popular? - 26th Mar 20
Dark Pools of Capital Profiting from Coronavirus Stock Markets CRASH! - 26th Mar 20
CoronaVirus Herd Immunity and Flattening the Curve - 25th Mar 20
Coronavirus Lesson #1 for Investors: Beware Predictions of Stock Market Bottoms - 25th Mar 20
CoronaVirus Stock Market Trend Implications - 25th Mar 20
Pandemonium in Precious Metals Market as Fear Gives Way to Command Economy - 25th Mar 20
Pandemics and Gold - 25th Mar 20
UK Coronavirus Hotspots - Cities with Highest Risks of Getting Infected - 25th Mar 20
WARNING US Coronavirus Infections and Deaths Going Ballistic! - 24th Mar 20
Coronavirus Crisis - Weeks Where Decades Happen - 24th Mar 20
Industry Trends: Online Casinos & Online Slots Game Market Analysis - 24th Mar 20
Five Amazingly High-Tech Products Just on the Market that You Should Check Out - 24th Mar 20
UK Coronavirus WARNING - Infections Trend Trajectory Worse than Italy - 24th Mar 20
Rick Rule: 'A Different Phrase for Stocks Bear Market Is Sale' - 24th Mar 20
Stock Market Minor Cycle Bounce - 24th Mar 20
Gold’s century - While stocks dominated headlines, gold quietly performed - 24th Mar 20
Big Tech Is Now On The Offensive Against The Coronavirus - 24th Mar 20
Socialism at Its Finest after Fed’s Bazooka Fails - 24th Mar 20
Dark Pools of Capital Profiting from Coronavirus Stock and Financial Markets CRASH! - 23rd Mar 20
Will Trump’s Free Cash Help the Economy and Gold Market? - 23rd Mar 20
Coronavirus Clarifies Priorities - 23rd Mar 20
Could the Coronavirus Cause the Next ‘Arab Spring’? - 23rd Mar 20
Concerned About The US Real Estate Market? Us Too! - 23rd Mar 20
Gold Stocks Peak Bleak? - 22nd Mar 20
UK Supermarkets Coronavirus Panic Buying, Empty Tesco Shelves, Stock Piling, Hoarding Preppers - 22nd Mar 20
US Coronavirus Infections and Deaths Going Ballistic as Government Start to Ramp Up Testing - 21st Mar 20
Your Investment Portfolio for the Next Decade—Fix It with the “Anti-Stock” - 21st Mar 20
CORONA HOAX: This Is Almost Completely Contrived and Here’s Proof - 21st Mar 20
Gold-Silver Ratio Tops 100; Silver Headed For Sub-$10 - 21st Mar 20
Coronavirus - Don’t Ask, Don’t Test - 21st Mar 20
Napag and Napag Trading Best Petroleum & Crude Oil Company - 21st Mar 20
UK Coronavirus Infections Trend Trajectory Worse than Italy - Government PANICs! Sterling Crashes! - 20th Mar 20
UK Critical Care Nurse Cries at Empty SuperMarket Shelves, Coronavirus Panic Buying Stockpiling - 20th Mar 20
Coronavirus Is Not an Emergency. It’s a War - 20th Mar 20
Why You Should Invest in the $5 Gold Coin - 20th Mar 20
Four Key Stock Market Questions To This Coronavirus Crisis Everyone is Asking - 20th Mar 20
Gold to Silver Ratio’s Breakout – Like a Hot Knife Through Butter - 20th Mar 20
The Coronavirus Contraction - Only Cooperation Can Defeat Impending Global Crisis - 20th Mar 20
Is This What Peak Market Fear Looks Like? - 20th Mar 20
Alessandro De Dorides - Business Consultant - 20th Mar 20
Why a Second Depression is Possible but Not Likely - 20th Mar 20

Market Oracle FREE Newsletter

Coronavirus-bear-market-2020-analysis

Stock Market SPX to Rise back to 3350

Stock-Markets / Stock Markets 2020 Feb 28, 2020 - 02:20 PM GMT

By: MEHABE

Stock-Markets

Global stocks tumbled to four-month lows, government debt yields sunk to unprecedented levels and crude oil extended declines as anxiety over the spread of the coronavirus surged. While climbing from the lows of the day, the six-day slide has still pushed the S&P 500 and Dow Jones Industrial Average indexes down by more than 10% from all-time highs set this month, a so-called correction. The drop of as much as 10% since Friday puts the S&P on pace for its worst week since the 2008 global financial crisis. The MSCI All-Country World Index fell to the lowest since October, while the Stoxx Europe 600 also entered a correction.


SPX: At support

This is solid support at 200 DMA and S3 Pivots. There may be some spikes down but look for stability and relaunch back to new highs possibly later this year. Below 2900, we can safely say the bull run is over and look for sell the rally,

US 10 Year yield: All time lows

The US 10 Year yield has dropped to all time lows under 1.3%. There is nothing below and hence we see a drop to 1% before rise back to 1.3%. The safety haven flows as well FED rate expectations are driving the yields down.

EURUSD call volumes

The eurdollar call volumes have pushed EURUSD higher to 1.10 levels. It is to be seen if the massive volumes on the upmove is simply short covering move or a reversal signal.

SPX volumes 

The 3 Day average volumes in SPX has now reached the peaks of 2018 levels. However we are still not very concerned as it seems much of the volume is already done and stocks could rebound back from here.

Oil

Oil has crashed below 50. There is no stability anywhere and we could see it fall into low 40s. Our expected target for Oil is under $20.

US ECONOMY

Durable growth is slowing dramatically. This in the past has often been the precursor to FED rate cuts. We see even more downside in durable as the virus effect has not yet been fully manifested.

 

FX Markets trading

EURUSD Distribution

 

EURUSD has very little depth between 1.08 and 1.1 and it finds good trading opportunities above 1.1.

DAX Charts

The price currently is trading at 12329.11. This is below the hourly 100 MA. The 100 MA is at 13408.07 This suggests bearish pressure in the pair. The last hourly close was inside bollinger bands of 21 MA indicating that there may be balance of power between buyers and sellers in the short term. Unless a new move happens, clients are advised to be on the sideliness of this pair.

USDCAD Charts

The pair opened at 1.336 and closed at 1.3361 with a overall range of 26 pips. The high of the hourly timeframe was at 1.3375 while the low was at 1.3349. The price currently is trading at 1.3361. This is above the hourly 100 MA. The 100 MA is at 1.3257. The last hourly close was above the upper bollinger bands of 21 MA indicating that buyers remain in control on the hourly timeframe. Unless price closes below the 1.3354 , buy on dips will a better strategy. Stops are advised at 1.3257 The hourly trend score suggests that there is bullish pressure and hence clients can look to buy on the dips. Exercise good risk management. Cut your losses and let winners run. Make sure stops are in place and no trade should lose more than 2% of capital.

GOLD Charts

The price currently is trading at 1653.44. This is below the hourly 100 MA. The 100 MA is at 1653.54 This suggests bearish pressure in the pair. The last hourly close was inside bollinger bands of 21 MA indicating that there may be balance of power between buyers and sellers in the short term. Unless a new move happens, clients are advised to be on the sideliness of this pair.

MEHABE ARTIFICIAL INTELLIGENCE MANAGED ACCOUNT

Mehabe is a high performance trading system operation on global clients forex accounts.

Trades are taken based on a powerful ECHO STATE NETWORK A.I. Program. The system has never had a negative month of returns. FEB returns have crossed +30%.

The system is trading on LIVE MASTER ACCOUNT.

If you want to get started email us at fundsupport@mehabe.com and we will help you get started and you will get same returns as above.

Mehabe is a Artificial Intelligence driven quantitative investing firm offering managed account, tradecopier and custom tailored investing solutions for global clients. We have a history of industry leading performance.
Website: https://mehabe.com
Email : fundsupport@mehabe.com

Copyright 2020 © Mehabe.com - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules