Ming Jong Tey
Independent Analyst
Find out how to spot Wyckoff upthrust and the bearish volume pattern in S&P 500. Key support & resistance levels or Dow Jones, Nasdaq 100 and Russell 2000 are illustrated in the video.
Lots of great bullish setup in the commodity sector especially oil and gas industry group. The plan is to focus on the outperforming sectors and trade the leading stocks showing up with great entry to get decent reward to risk ratio. Refer to the screenshot of bullish and bearish stocks from the stock screener.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
EUR/USD holds steady below 1.0500 ahead of US data
EUR/USD rose toward 1.0500 in the European morning on Monday but struggled to gather bullish momentum. The cautious market stance makes it difficult for the pair to continue to stretch higher as investors await mid-tier data releases from the US.
GBP/USD loses traction, retreats toward 1.2050
Following a short-lasting recovery attempt to the 1.2100 area in the European morning on Tuesday, GBP/USD turned south and declined toward 1.2050. Rising US bond yields continue to support the USD as traders await the US JOLTS Job Openings data.
Gold consolidates losses, trades below $1,830
Gold price staged a correction and stabilized above $1,820 after falling to a multi-month low of $1,815 during the Asian trading hours on Tuesday. The benchmark 10-year US Treasury bond yield holds above 4.7% ahead of US data, not allowing XAU/USD to extend its rebound.
Chainlink price still trapped in range despite exhausted macro downtrend
Chainlink price eyes the upper boundary of a range at $8.148. It comes after the macro downtrend concluded, and could be the path to a new confirmed macro uptrend for LINK.
US JOLTS Preview: Job openings expected to remain broadly unchanged in August
JOLTS report will be watched closely by Federal Reserve officials ahead of September jobs data. Job openings are forecast to hold steady at around 8.8 million on the last business day of August.