[GVI Forex 2]

XTIUSD 4 HOIUR CHART (WTI CFD)

Opening week gap filled

Rising red Amazing Trader line indicate a bottom but would need to take out 72.41-85 to suggest a reversal of trend.

[Belgrade Bobby]

Amazon – AMZN

Amazon.com beats estimates for quarterly revenue
Amazon.com  AMZN beat market estimates for quarterly revenue on Thursday, boosted by strong growth in its cloud services unit thanks to growing enterprise spend on AI.

Shares of the company were up 6% in extended trading.

Amazon Web Services, the company’s cloud business, reported a 19% increase in sales to $27.5 billion, in line with estimates, according to LSEG data.

[GVI Forex 2]

NAS100 DAILY – Retracing off the high

Keep this simple.

Needs to hold 19935 and then renew 20000 to cool the risk

 

[Belgrade Bobby]

USDCAD Daily

Loonie continues to push Up.

Today’s high fell short off a previous High …just a bit…well 1.3 pips to be exact.

So what’s gonna be – New High or Correction/Sell Off ?

As long as it stays above 1.39200 it can push Up.

If that underpin lost, space opens to at least 1.37500

[Belgrade Bobby]

Nio Inc.

Chinese stocks listed in the U.S., including  NIO Inc are trading lower.

There is some commotion going on around social media about it…

Looking at news nothing interesting pops up …So what’s the deal??

I think I know the answer to this one : investors that were late to catch up on Tesla run were looking around to jump on the next best wagon , and they picked up Nio – Electrical auto maker from China.

First hand info : they were buying it around 60$ and now it costs only around 5$ – so wishful thinking syndrome most probably .

Alas, it looks to me like a dead fish in a dirty water….that’s all…a bit lower and it will trade in negative territory – that is a situation when they give away their stocks and if you take it you get some money as well with it – those of you that are a bit less young might remember when they were selling Yugo ( so called a car) and if you bought it you got a big screen TV with it for free…

[GVI Forex 2]

US500 DAILY CHART – AS I POSTED…

I posted this earlier and see what happened after support gave way

I guess with hindsight one could say that a correction was overdue given the proximity of the US election and an uncertain outcome.

Using this CFD, .5763 is a key support, needs to hold to contain the downside. 5733/5700/5675 below it.

On the upside, back above 5800-05 would restore a bid..

Resistance now starts at 5760-65

[GVI Forex 2]

BTCUSD DAILY CHART – How do you spell failure?

BTCUSD was not immune to a liquidating market.

This follows a failure to set a new record high.

Now dependent on 70000 (tested) holding to contain the downside or bottom of the range fall to 65000.

[GVI Forex 2]

XAUUSD 4 HOUR CHART –Is the top ion for now?

I posted this earlier today and proved to be a good alert

Calling a top in XAUUSD has been like standing in front of a freight train.

With that said, the 2789 high and a pivotal 2800 level above it argue for the risk of a pause but only confirmed if it can move back below 2770.

To limit the fallout, XAUUSD needs to hold 2700-25 and move back above 2750. Only back above 2770 would put the record 2789 in play again.

[Belgrade Bobby]

Tesla – TSLA

Tesla Stock Closes Out Incredible Month — Lower.
Tesla stock has had a wild month. The stock has done, well, nothing.

Coming into the final day of the month, Tesla stock was down less than 2% for October.

[Belgrade Bobby]

Nvidia – NVDA

Nvidia Stock Drops as Market Uncertainty and Tech Sector Pressure Increase

Nvidia  NVDA is facing increased market uncertainty as shares dip following Super Micro Computer’s  SMCI recent auditor resignation. SMCI, a key Nvidia partner, announced the abrupt departure of its auditor, raising transparency concerns. Nvidia relies heavily on SMCI for critical hardware components powering its AI and data center products, creating investor wariness about potential supply chain risks.

[Belgrade Bobby]

Advanced Micro Devices Inc. – AMD

Terrible Sell Off

Earnings from AMD could be more of a worry. The results the company published late Tuesday were roughly in line with Wall Street’s expectations, but it forecast slightly less revenue than expected for the December quarter.

[Belgrade Bobby]

Microsoft Corp. – MSFT

Microsoft Corp.  MSFT plummeted over 5% by midday trading in New York, on track for its worst session in two years. Although the company surpassed earnings estimates, it forecasted slower growth in its Azure cloud business, dampening future revenue expectations.

[GVI Forex 2]

BOND MARKETR PANIC SEEMS TO BE OVER FOR NOW… SEE IF STOCKS CAN FIND A FOOTING AHEAD OF KEY EARNINGS REPORTS LATER.

[SF Monedge]

A lot of coffee today.  Barring something dramatic US 10yr yield should hold 42.40 on any jolt.

[SF Monedge]

Loonie Puts are green but it is because of the prices in Asia.  Lonnie is strong on the buy side and could set in for duration.  Expecting some retrace coming up beforehand.

[SF Monedge]

Aussie and Kiwi are moving well in tandem today.  Sell coming up.

[SF Monedge]

Euro is picking up and could play a small role in tempering the Sterling selling and drive it toward 2955 (price magnet in my system).  Unless some internal dynamics change it would be another good sell area in many cases.

[SF Monedge]

Also on the sell side of UsdJpy from higher and holding.

[SF Monedge]

I’m in sell side of UsdChf and UsdCad to hold, not intraday.

[GVI Forex 2]

SF, look at the (Amazing Trader) 5 minute chart I posted (in real-time) and how a sale at the former 1.2885 support line worked out (last at 1.2846)

1.2850 now sets the tone (above indicates a pause, below sets sights on lower)

London 4 PM London month end fix coming up… now we see how much of the selling was month end related.

[Mtl JP]

EURO 1.0850

SO the shackles around this puppy are tighetening
1.0845 and 1.0875

puppy goes thru 75 would open up low 1.09

[SF Monedge]

You would have to physically force me to buy Sterling right now.  Better to wait for buy side flows to exhaust a bit higher.  A matter of patience with this one.

[GVI Forex 2]

GBPUSD 5 MINUTE CHART – POWER OF 50

in the absence of nearby support, 1.2950 is checking the freefall. Res at the former 1.2995 support.

Time to revisit this popular blog article

My Favorite Trading Secret: The Power of the “50” Level

[SF Monedge]

Puts are in charge in Loonie.  If flows remain consistent it won’t last very long.  Significant levels just below market in futures and options.  If it holds then UsdCad is going down again.  The problem is this is a very strong risk off environment so a bit dicey.  No one in their right mind is happy with the economic data coming out or trust the figures are truthful/accurate and there is significant GEO and political risk which began pricing in last week in general.

[GVI Forex 2]

GBPUSD 1.2865

While EURGBP ha been helping to drive GBPUSD down, the biggest move has been in GBPJPY.’
‘
Charts show little below the market so use 1.2850 and 1.2800 a potential supports.

[GVI Forex 2]

EURGBP DAILY CHART – BONDS SLIDE, GBP FOLLOWS

 

I said keep an eye on EURGBP for month end but did not expect the bond vigilante to attack and see that pPIll over to the GBP.

Either that or it is month end flows but whatever the case, the Oct high at .8434 and Sept high at 8463 are at risk  should .8505 become support.

[SF Monedge]

Yen futures and options could well dip a little again from here but overall they are going up and Usd/Jpy should remain under pressure overall, you just have to pick a good spot if not already in.

[SF Monedge]

Euro and a few other pairs are moving contrary to US stocks and data, much of that is almost surely due to month end adjustments as pointed out by Jay of Global View in here yesterday.

[SF Monedge]

Intel reported the worst results on record.  Administration sunk a ton of money into it.  Not good.

[SF Monedge]

Aussie futures are looking a smidge stronger.

[Author]

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