Currency market – Results and new trades: Nasdaq, S&P 500, WMT, AMC

Brian Twomey Brian's Investment

The difference between a day trade to an individual stock or indice and a currency price is zero. Simple math yet what simple math reveals daily is both the currency, index and stock price both contain an equal chance to trade higher or lower. Simply, the currency, stock price and index begins at neutral. An Index or indice is defined as SPX, DAX, NASDAQ, Nikkei.

The concept to neutral is universal to any currency, stock index and individual stock on any world exchange. The currency price however is in control of central banks and interest rates while the stock and index is in control of interest rates and by the market's daily numbers. The focus is the price and the price only. Because the index number such as SPX 500 is larger than a stock price, the speculation is the index is the driver to the stock price.

More numbers are involved in a currency day trade because its the smaller number to a stock or index price. The similarity to trading is multiple longs and shorts are offered for every stock, index and currency within the specified time to day trade. To know each trade in advance also affords the concept to never watch a chart, graph or use stops.

Multiple longs and shorts applies universally as a top or bottom break offers free money and extra pips and points to longs and shorts.

Results

The trade. NASDAQ 14049.52. to 13532.78. Actual 13926.39 to 13667.15. +259 points.

The trade. SPX 500 4481.88 to 4356.43. Levels: 4480.85, 4464.22, 4401.11, 4396.54, 4391.52, 4386.51, 4376.48, 4366.45 and 4356.43. Actual 4427.45 to 4366.89 or 60 points.

Price path 4423.26 to 4386.38 and +36 Points then 4386.38 to 4426.43.

The trade. WMT. 136.83 to 133.82. Actual 135.99 to 132.72.

Price path. 135.99 to 132.83. + 3 points. 132.83 to 134.48 or + 1.65. Break 133.82 and bonus points. 134.48 to 132.73. And 132.73 to 134.20 and +1.47.

The trade. AMC 19.48 to 18.14. Actual 19.28 to 17.75.

Price path 19.28 to 18.29 +0.99 points. Then 17.75 to 18.13 + 0.38.

AMC failed to perform for the past 2 days nor will AMC trade well today.

DAY trades: Nasdaq, S&P 500, WMT and AMC

SPX 4364.46 to 4432.79. Levels above: 4432.79, 4425.01, 4417.23, 4409.45. Below 4364.46, 4370.55, 4379.66,4387.62 4395.58,

WMT. Levels above 135.79, 135.59, 134.77, 134.36, 134.16. Below 132.11, 132.31, 132.79, 133.28, 133.61.

AMC Levels above: 18.57, 18.15, 17.94, 17.66. Below 17.54, 17.33, 16.92, 16.70, 16.51.

Today's SPX, NASDAQ, WMT and AMC will trade 1/2 yesterday's ranges which means not much going on today.

Author

Brian Twomey

Brian's Investment

Brian Twomey is an independent trader and a prolific writer on trading, having authored over sixty articles in Technical Analysis of Stocks & Commodities and Investopedia.

AUD/USD eyes 100-SMA hurdle near 0.7035 as hawkish RBA counters firmer USD

AUD/USD regains positive traction on Tuesday and climbs to 0.7030 during the Asian session, reversing the previous day's corrective slide from a one-month high as hawkish RBA rate expectations continue to support the Aussie. Spot prices, however, remain below the 100-day SMA pivotal resistance amid a firmer US Dollar as traders brace for Australia’s September CPI report on Wednesday ahead of the Fed rate decision.

USD/JPY sticks to modest gains above 157.50 as traders await Fed, BoJ meetings

USD/JPY attracts buyers for the third straight day, recovering further from a one-month low ahead of Wednesday’s FOMC decision and the BoJ policy update on Friday. Meanwhile, expectations that the BoJ may hold off on aggressive rate hikes weigh on the Japanese Yen, and the US Dollar advances to a nearly two-week high, supporting the currency pair.

Gold holds above $4,000 as traders brace for Fed interest rate decision

Gold edges higher during American trading hours on Tuesday after trading in negative territory earlier in the day. A slight decline in Oil prices offers some relief, although a firmer USD limits the upside as traders await the Fed’s monetary policy announcement on Wednesday.

Crypto Today: Bitcoin, Ethereum and XRP on edge as sell-side pressure intensifies

Cryptocurrency prices are broadly correcting on Tuesday, led by Bitcoin (BTC) edging lower below the pivotal $80,000 level. Ethereum (ETH) mirrors Bitcoin’s neutral-to-bearish outlook, while Ripple (XRP) hovers around $1.30.

Experts agree: Fed policy outlook and geopolitical tensions keep US Dollar bid

The US Dollar Index rallies 0.6% in three days and hits fresh two-week highs above 102.00. Investors return to the US Dollar as markets brace for a hawkish hold by the Fed on Wednesday. Waning hopes of any immediate US-Iran peace deal have provided additional support to the safe-haven USD.

Anthropic pledged $270 billion to Amazon, Google, and Microsoft. Here's who actually gets paid

Anthropic owes Amazon, Google, and Microsoft at least $269.4 billion for computing power, even if it uses less. All three sell its models and handle its billing, and Amazon and Google own stakes and lend it money, so they get paid regardless of how the IPO goes. The Dario Amodei-led Anthropic filed its initial public offering (IPO) on Monday, seeking a listing on the Nasdaq under the ticker ANT.