[Belgrade Bobby]

Tesla TSLA

TSLA: Tesla Stock Skids After Q3 Deliveries Narrowly Beat Mid-Range Expectations

Tesla shares drop 3.5%.

Company delivers 462,890 cars.

Growth is 515,000 units sold in Q4.

EV maker shipped 462,890 vehicles in the September quarter but failed to top the high-end of Wall Street’s expectations. Shares fell 3.5%.

Tesla stock  TSLA skittered 3.5% Wednesday after a lackluster delivery number. The EV maker reported third-quarter deliveries of 462,890. It managed to hit above the mid-range consensus views of 462,000 but fell short of meeting the high-end calls for 469,828 vehicles. The Elon Musk-led company had issued its own guidance of 461,978 units shipped globally.

[Belgrade Bobby]

Nasdaq 100 – NDX

Wall St set for lower open; jobs data, Middle East conflict in focus

Weekly jobless claims at 225,000

September ISM non-manufacturing data due at 10 a.m. ET

Levi Strauss tumbles after saying it is exploring unit sale

East, Gulf coast workers’ strike enters third day

Futures off: Dow 0.28%, S&P 500 0.38%, Nasdaq 0.29%

Wall Street was poised to open slightly lower on Thursday after a moderate rise in jobless claims sparked worries about the health of the labor market, while cautious investors kept an eye on the Middle East for any escalation in hostilities.

[Belgrade Bobby]

S&P 500 – SPX

S&P 500 Falls 21.85 Points (0.38%)

Indexes ease with U.S. jobs report ahead, Middle East in focus
Weekly jobless claims at 225,000

US service sector activity accelerates to 1-1/2-year high

East, Gulf coast workers’ strike enters third day

Indexes: Dow down 0.6%, S&P 500 off 0.38%, Nasdaq down 0.2%

Major U.S. stock indexes were lower on Thursday afternoon ahead of Friday’s monthly U.S. payrolls report and as investors kept a watchful eye on the growing conflict in Middle East.

[Mtl JP]

A lesson …

according to Reuters
“Toronto stocks hit record high as Middle East conflict aids oil prices”

(Reuters) -Canada’s main stock index touched a record high on Wednesday, aided by a rise in energy and mining stocks as escalation of the conflict in the Middle East stoked fears of oil supply disruption.

The conflict has made investors averse to risk due to lack of clarity on how the scenario might evolve, with the escalation of crisis putting pressure on markets globally.

nb / but it does not always work as described above, so beware

[Belgrade Bobby]

Brent Crude Oil

Aside all geo political reasons, supply – demand and speculations, this seems to me as a Perfect Bear Trap.

If it surmounts $80.50, sky is the limit – everything between 90 and 100 should be seen.

[Belgrade Bobby]

GBPUSD 4h

Supports : 1.30900, 1.30000 & 1.29250

Resistances : 1.31350 , 1.31550 & 1.32350

Be aware that Cable is still within the Bullish Channel and being a Demon , do not be surprised if it hits Up even sharper then it fell down.

[SF Monedge]

Buy side volume picking up in Dow this is about where USD should begin to weaken if it sticks on the first flow.

[Belgrade Bobby]

USDJPY Daily

Supports : 146.250 , 145.050 & 144.100

Resistances : 147.250 , 148.300 & 150.250

Important – 148.300 – if taken out it will target above 150

Establishing a range within 140-150 under channel

[michael Calif]

Law of Time will continue the current USD rally to at least Oct 23.    :gtwo3

[Mtl JP]

DLRx 101.79
is current REsistance

good time for a bet on the Res

[SF Monedge]

At least for now the neural conditions and other metrics such as forwards have weathered the initial storm and are remaining sturdy on the buy side.  The metrics often do not take root until enough participation volume clears through the market.  Time will tell.

[Belgrade Bobby]

XAUUSD – Gold Daily

Supports : 2630.00 , 2620.00 & 2600.00

Resistances : 2675.00 , 2685.00 & 2710.00

As long as 2630.00 support holds, we can see aggressive move Up towards 2800.00 area.

If 2620.00 lost, we’ll be watching deeper correction.

Above mentioned Resistances are projections based on previous Upticks and Bullish angle.

[SF Monedge]

Volume ratios in stocks bolted uphill on the buy side into ticks dropping out of the gate and advance/decline ratio dropped sternly.  So the volume shows buying into shares selling initially.  Euro tends to move with the mood in stocks.

[SF Monedge]

US Data was only slightly disappointing.

Among the holidays today which include National No Sugar Day, National Poetry Day, Bring Your Bible To School Day, and National Wide Awake Day, it is officially National Buy British Day.  That certainly must support my earlier observation about some metrics and neural conditions being strong on the buy side of GbpUsd.

So that pair simply must go up.

[Belgrade Bobby]

EURUSD 4h

Supports : 1.10250, 1.10000 & 1.09500

Resistances : 1.10500 , 1.10750 & 1.11050

Close of this bar below 1.10350 would indicate more pressure to the Downside

Need to go over 1.10450 for any chance of Up move.

[SF Monedge]

Some neural conditions show strength on the buy side in GbpUsd headed into the data.  Not to say it won’t see selling along the way post-data but that is the condition.

[Mtl JP]

Good to know

“EM currencies set to hold steady or pare gains for the rest of 2024” – Reuters poll

[Mtl JP]

Riiight …

Pound falls as Bank of England governor says it could become ‘more activist’ on rate cuts

[Mtl JP]

Taking bets
how long … before harold gets slammed ?

The Profane 78-Year-Old Leading the Dockworkers Strike

‘They won’t be able to do anything in this country without my people,’ port union chief Harold Daggett says in setting audacious targets in a coastwide strike

[Mtl JP]

here is a misconception (or is it a typo?)
–
Saudi Arabia threatens to cut oil prices to $50 per barrel – WSJ

hahahahaha … threatens. threatens !! rofl
lets go … do it!

and while at it, why not $25 or better still: $5

[GVI Forex 2]

This is worth your attention

AT Alerts Real-Time Trades

[GVI Forex 2]

BTC 4 HOUR CHART _ STILL DISAPPOINTING

BTC remains aa disappointment, not only its failure to stay above 65K but also its failure to act as a safe haven.

It is now dependent on staying above 60K or  rik aa run to 57-59K.

[GVI Forex 2]

US500 4 HOUR CHART – Consolidation or retracement?

Retreat from the record high so far holding off a serious retracement by staying above the 5772 line.

With a Geopolitical cloud hanging over markets and Friday’s US jobs report looming, keep an eye on 5700 as that will likely set the tone.

No matter what, the Middle East risk should keep stocks cautious into the weekend.

[GVI Forex 2]

XAUUSD 4 HOUR CHART – Consolidating

With geopolitical tensions/safe haven flows cutting short thoughts of a retracement so let’s keep it simple.

Record high is 2685 but if you assume range is 2600-2700m then look for 2650 to have a magnetic quality and set the trading bias.

[GVI Forex 2]

YSDJPY DAILY CHART – AIMING HIGHER?

USDJPY trying to build momentum to the upside and while 146.49 is the near term focus, the key level is 147.20.

Should 136.20 be taken out then 139-150 comes into play.

On the downside, 144.50-00 is the key support zone.

[SF Monedge]

If GbpUsd 3250 survives the pair is likely going up fairly well looking out a bit.

[SF Monedge]

10yr 114’21 is a price magnet.  I see risk off sentiment creeping in since the start of the hour.

[GVI Forex 2]

No sign of ridk off in US bonds today (yields higher)

[SF Monedge]

Bobby – at 2:32 pm.  Apparently we both won the Gold Medal of Olympic level trading lol.

[Belgrade Bobby]

USDJPY Daily

3 hurdles above :

146.200 , 147.150 & open space till 150.250

Supports : 144.550 , 143.700 & 141.500

[Author]

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