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โก๏ธ RAPID UPDATE ๐ฐ
BP plc (BP) ๐ฌ๐ง
SL ๐ @: 507.40
TP โ
@: 514.90
We are closing now our last position from March with a big profit. BP is up nearly 2.5% today pushing our position from last week deep in profit after a short-term mispricing. Oil remains bullish but also natural gas saw a strong rebound after a very long phase of weakness. China optimism increases oil & gas demand expectations.
I see BP still with significant upside potential in all time frames and strongly undervalued despite the strong gains now.
We set a tight SL and give BP further room to rise.
โโ-
The 26.03 now also has a 100% success rate โญ๏ธ
โ
26.3 - CAD/CHF - LONG โ๏ธ (TP - 0.66748)
โด๏ธโ
26.3 - BP - LONG โ๏ธ (SL in profit)
๐ SL ๐ @: 507.40 // TP โ
@: 514.90
โ
26.3 - TSLA - SHORT โ๏ธ (SL - 182.53)
โ
26.3 - XAU/USD - LONG โ๏ธ (TP - 2184.43)
โ
26.3 - BTC/USD - SHORT โ๏ธ (closed - 69013.22 / near b-even)
โ
26.3 - TSLA - SHORT โ๏ธ (SL - 179.81 / potentially slippage)
6/6 = 100% Success Rate (1 open position)
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SELL NOW ๐ฝ EUR/USD
โบ We took a wonderful EUR/USD SHORT trade yesterday (๐ธ) and are now re-entering the SHORT pair above our triggered TP. The rather dovish comments from Fed Chair Powell have limited further gains in the USD. The Fed continues to predict three rate cuts for 2024. Friday's US PCE data supported the Fed's current view as inflation was in line with expectations. Nevertheless, we see swap markets reducing their bets on rate cuts as the US economy remains very strong as last week's GDP growth data and yesterday's US Manufacturing PMIs, which reached the highest level since September 2022, showed.
โบ I think it is unlikely that the Fed will start cutting rates in the current market situation, where equities are also at ATH and the US economy is strong. Furthermore, we see little sign of inflation approaching the Fed's 2% target within the second quarter.
โบ The expectation of a slightly hot German inflation report (preliminary) supports the EUR. I expect German inflation data to be very close to expectations - either 2.2% or 2.3%, below February's 2.5%. We continue to see inflation close to the ECB target. We also continue to see weakness in the European manufacturing sector - even though German and French manufacturing data were very slightly better than expected.
โบ I expect the ECB to cut interest rates earlier and more sharply than the Fed in 2024. We remain SHORT and use the current slight rise (to the ~ 1.07415 - 1.07490 area) to position ourselves SHORT. We also expect US Treasury yields to rise further after yesterday's sharp rise, which will continue to support the USD.
โฑ Signal DELAYED by: 30+ (!) minutes! โ ๏ธ
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โก๏ธ RAPID UPDATE ๐ฐ
Gold (XAU/USD)๐ฅ
SL ๐ @: 2247.48
TP โ
@: 2253.67
One final update for our gold position. We now see gold trying to (re-)break the $2,250. We don't want to be too greedy here - but there is no doubt that gold remains bullish (we have traded the recent gold gains and swings likely better than anyone else and will continue doing so).
If gold breaks the $2,250, it will likely also move further towards the $2,253 - $2,255 range - we thus set our TP near the bottom of that range.
We want to secure our mega profits here.
We position us LONG Gold (XAU/USD)๐ฅ again now near / at ๐ผ $2,240 in case our SL is triggered (pending order).
โโ
๐ฅ๐2๏ธโฃ2๏ธโฃ5๏ธโฃ0๏ธโฃ
๐ฅ VT Markets (๐ฌ๐ง๐ณ๐ฟ๐ช๐บ๐)
๐ฅ PU Prime (๐จ๐ฆ๐ฆ๐บ๐ณ๐ฟ๐ฌ๐ง๐ช๐บ๐)
๐ฅ Admiral Markets (๐ช๐บ๐ฆ๐บ๐ณ๐ฟ๐)
๐ฅ Libertex (๐ช๐บ๐)
โด๏ธ 1.4 - NAS100 - LONG โ๏ธ (open - off-profit)
๐ SL ๐ @: 18192.30 // TP โ
@: 18394.70
โ
1.4 - EUR/USD - SHORT โ๏ธ (TP - 1.07361)
โด๏ธ 1.4 - MSFT - LONG โ๏ธ (open - in-profit / or closed in profit)
โด๏ธ 1.4 - AMZN - LONG โ๏ธ (open - in-profit)
โด๏ธโ
1.4 - XAU/USD - LONG โ๏ธ (open - SL in profit)
๐ SL ๐ @: 2239.33 // TP โ
@: 2249.48
โด๏ธโ
1.4 - NAS100 - LONG โ๏ธ (Re-Entry / open - SL in profit)
๐ SL ๐ @: 18263.30 // TP โ
@: 18394.70
3/6 = (5 open positions)
For the sake of completeness, we are updating our overview once again. At the end of the day, we saw another significant correction of the "overreaction" to the strong US manufacturing PMIs. Gold and the growth sector (including MSFT & AMZN) - which saw headwinds from the plummeting US Treasuries (higher yields) rebounded partially.
(โ
) 28.3 - XAU/USD - LONG โ๏ธ (SL - 2208.34; not clear signal)
โ
28.3 - GBP/USD - SHORT โ๏ธ (closed - 1.26186 / near b-even)
โ
28.3 - XAU/USD - LONG โ๏ธ (TP - 2211.13)
โ
28.3 - ADBE - SHORT โ๏ธ (TP - 501.36)
3/3 = 100% Success Rate
โด๏ธ 1.4 - NAS100 - LONG โ๏ธ (open - off-profit)
๐ SL ๐ @: 18188.30 // TP โ
@: 18398.70
โ
1.4 - EUR/USD - SHORT โ๏ธ (TP - 1.07361)
โด๏ธ 1.4 - MSFT - LONG โ๏ธ (open - b-even / or closed in profit)
โด๏ธ 1.4 - AMZN - LONG โ๏ธ (open - in-profit)
โด๏ธ 1.4 - XAU/USD - LONG โ๏ธ (open - in-profit)
๐ SL ๐ @: 2227.33 // TP โ
@: 2248.43
โด๏ธ 1.4 - NAS100 - LONG โ๏ธ (Re-Entry / open - in-profit)
๐ SL ๐ @: 18188.30 // TP โ
@: 18398.70
1/6 = (4/5 open positions) - corrected
Markets are in sideways movement with overall reduced trading activity as many traders (especially in Europe, but also in Australia (+NZ) and Hong-Kong remained in holidays. We are not making any major moves here anymore.
You can slightly tighten SLs ๐ for our gold position and our Nasdaq 100 position(s). We stay LONG in Microsoft, which many of you already closed shortly after NYSE opening (deep in profit) and Amazon. We found a very strong entry into the e-commerce giant.
01 - โ
05.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
02 - โ
05.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
03 - โ
05.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
04 - โ
05.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
05 - โ
06.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
06 - โ
06.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
07 - โ
07.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
08 - โ
07.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
09 - โ
07.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
10 - โ
08.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
11 - โ
08.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
12 - โ
12.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
13 - โ
12.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
14 - โ
14.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
15 - โ
15.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
16 - โ
19.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
17 - โ
20.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
18 - โ
20.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
19 - โ
21.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
20 - โ
22.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
21 - โ/โ
22.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ (pot. closed in SL)
22 - โ
22.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
23 - โ
25.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
24 - โ
26.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
25 - โ
27.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
26 - โ
27.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
27 - โ
28.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
26/27 = 96.3%
28 - โด๏ธ 01.04 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
WRITE US NOW & JOIN VIP ๐คโ
OR: Other contact possibilities
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BUY NOW ๐ผ Gold (XAU/USD)๐ฅ
๐ฐ FREE VIP SIGNAL ๐ฏ
STAY LONG / BUY NOW ๐ผ Nasdaq (NAS100 / US100) ๐บ๐ธ
SL ๐ @: (VIP ONLY)
TP โ
@: 18398.70
โบ US Treasuries fell sharply across the curve, pushing yields on the 10-year bond back near their 2024 highs or 13 basis points higher. We have already seen skepticism rise as to whether the Fed can follow through with its rate cuts (swap markets expect a first cut in June). A surprise rise in the Manufacturing PMIs to 50.3, the first growth since September 2022, further reduced rate cut expectations.
โบ Gold fell sharply after reaching an all-time high of just over $2,265. We expect gold to find support above $2,230 and remain bullish overall despite the higher / and overall very high yields. The stronger USD also weighed on the gold price.
โบ The strong purchasing managers' indices in the manufacturing sector and the reaction to the Treasury market also weighed on growth stocks / Wall Street - the Nasdaq 100 returned to neutral territory. Ultimately, however, the strong US economic data will benefit Wall Street. US markets do not need interest rate cuts. A stronger than expected US economy will allow Wall Street to reach new highs. The S&P 500 briefly reached a new ATH today and will recover from the current profit-taking.
โบ We remain LONG in the Nasdaq 100 - but you can also improve your entry (in case you are still LONG) / re-entry range 18230 - 18250. We set an SL for our Nasdaq 100.
๐ฃ๏ธ Tip: Multiply your usual trade size by ~ 0.6 - 0.8 (60% - 80%) when trading Gold (XAU/USD)
โฑ Signal / Update DELAYED by: 40+ (!) minutes! โ ๏ธ
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โโโ
๐บ๐ธ๐๐ฏ๐
๐ฅ๐๐ฏ๐
๐ฅ VT Markets (๐ฌ๐ง๐ณ๐ฟ๐ช๐บ๐)
๐ฅ PU Prime (๐จ๐ฆ๐ฆ๐บ๐ณ๐ฟ๐ฌ๐ง๐ช๐บ๐)
๐ฅ Admiral Markets (๐ช๐บ๐ฆ๐บ๐ณ๐ฟ๐)
๐ฅ Libertex (๐ช๐บ๐)
โก๏ธ RAPID UPDATE ๐ฐ
Nasdaq (NAS100 / US100) ๐บ๐ธ
TP โ
@: 18417.70
We saw strong dip buying at NYSE opening - which not only pushed Microsoft strongly up but also other stocks - in particular (big) tech stocks - that saw increased profit taking in the previous week. We also saw a rotation back to growth.
The Nasdaq is up ~0.70% jumping above last week's highs. We set a tight TP now.
We also see a positive improvement of US PMI data (at least as reported by ISM) coming in at 50.3 vs. 48.4 expected and
thus back in expansion territory.
โก๏ธ RAPID SIGNAL ๐ฏ
BUY NOW ๐ผ (VIP ONLY) ๐บ๐ธ
โบ (VIP ONLY) also had a solid opening and dip buying, but fell into negative territory after profit-taking. We are buying the current dip to almost $(VIP ONLY)and expect (VIP ONLY) to return to profit territory and not perform significantly worse than (VIP ONLY) or the Nasdaq 100 as a whole.
โบ In addition to the gains in the tech sector, (VIP ONLY) should also benefit from a positive (VIP ONLY)
๐ฃ๏ธ Tip: (VIP ONLY)
โฑ Signal / Update DELAYED by: 20+ (!) minutes! โ ๏ธ
โก๏ธ Receive non-delayed signals in the VIP Channel!
โโโ
๐บ๐ธ๐๐
๐ฅ VT Markets (๐ฌ๐ง๐ณ๐ฟ๐ช๐บ๐)
๐ฅ PU Prime (๐จ๐ฆ๐ฆ๐บ๐ณ๐ฟ๐ฌ๐ง๐ช๐บ๐)
๐ฅ Admiral Markets (๐ช๐บ๐ฆ๐บ๐ณ๐ฟ๐)
๐ฅ Libertex (๐ช๐บ๐)
๐ ROBโS DAILY UPDATE ๐
โผ๏ธ Wall Street with signs of optimism after PCE data; Holiday-related thin trading
US equities and gold in particular received a boost after US PCE data - the Fed's preferred measure of inflation - came in line with expectations on Friday, reinforcing hopes that the Fed will cut interest rates this year.
The S&P 500 traded slightly higher (+0.3%) but showed little movement overall in pre-market trading in the US - partly because markets in Europe, Australia and Hong Kong were closed for the Easter holiday. The gold price briefly exceeded the $2,265 mark and then moved back towards $2,250. I continue to see considerable medium-term upside potential for gold.
The USD fell slightly after the PCE data, but quickly found support again as the markets still see other central banks - especially the ECB and BoE - closer to rate cuts than the Fed.
The upward trend that has driven equity markets to record highs this year remains intact, also supported by continued strong consumer spending. The core Personal Consumption Expenditure (PCE) index, which excludes the volatile food and energy components, rose 0.3% month-on-month, weakening after a surprisingly strong January. Year-on-year, PCE rose by 2.8%, which is still above the Fed's inflation target of 2%.
Voices from within the Fed, including Fed Chair Jerome Powell, are reiterating (as we predicted) that the Fed is in no hurry to cut rates as policymakers await further evidence that inflation is moving back towards the 2% target.
Headwinds for Bitcoin - which fell below the $70K mark again - are offset by continued gains in China. An upturn in the manufacturing sector - in addition to recent positive Chinese data - fueled hopes that China's economic recovery could gain momentum. Although this is currently underappreciated as the last few months have been buoyed by a strong US economy, greater optimism about China's return to growth could help maintain optimism for a continuation of the global equity market rally.
I expect little movement today, but still see optimism prevailing in New York. Despite a stronger USD, oil prices also continue to rise - partly because geopolitical tensions continue to provide a tailwind, but also due to expectations that global oil demand will recover or continue to rise in the coming months - also due to greater demand from China or expectations that the Chinese economy will soon be able to "catch up" again.
๐ ROB'S MARKET OVERVIEW:
April 01, 2024
๐/๐บ๐ธ Global Markets โก๏ธ/โ๏ธ (positive momentum returns; new ATHs in sight)
Cyclical / Luxury Stocks โก๏ธ/โ๏ธ
Tech/Growth Stocks โ๏ธ/โก๏ธ/โ๏ธ
Financial Stocks โ๏ธ/โก๏ธ
Defensive Stocks โก๏ธ
Energy Stocks โ๏ธ/โก๏ธ (remains bullish)
Materials Stocks โ๏ธ (benefitting from general / China optimism)
๐ฑ Forex
USD โก๏ธ/โ๏ธ (remains supported by expectations that Fed less dovish than other central banks)
GBP, AUD โก๏ธ
EUR, CHF, JPY โก๏ธ/โ๏ธ
CAD โ๏ธ/โก๏ธ
โ Commodity Markets โ๏ธ/โ๏ธ
Oil prices โ๏ธ/โ๏ธ (remains bullish)
Natural Gas prices โ๏ธ/โ๏ธ
Metal prices โ๏ธ
Gold โ๏ธ/โ๏ธ (remains bullish; will hover for a while near $2,250)
โก๏ธCryptos โ๏ธ/โ๏ธ (saw some selling but seems to continue to hover near $70K)
(*โ๏ธ bullish, โ๏ธ bearish, โก๏ธ sideways / stable, โ๏ธ mixed / volatile)
Your Robert
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BUY NOW* ๐ผ Nasdaq (NAS100 / US100) ๐บ๐ธ
Welcome back.
โบ Global equities benefited from the PCE data (if you can call it that so far), which came in not a surprise as we had expected and was not the next hot inflation report as many investors had feared. The PCE data came in at +0.3%, in line with expectations and below the +0.5% for January. Year-on-year, the figure is 2.8% higher and still above the Fed's 2% target. Personal income (MoM) remained slightly below expectations at +0.2% (vs. 0.3% expected). However, personal consumption expenditures (MoM) were very high and again showed that the US consumer remains strong (+0.8% vs. 0.5% expected).
โบ Fed Chair Jerome Powell also stated that the Fed's preferred inflation indicator is "pretty much in line with our expectations". Powell added that it would not be appropriate to cut rates until officials are certain that inflation is under control - swap markets continue to expect the first rate cut in June.
โบ Pre-market trading in the US started the new quarter on a very subdued note as many markets, including Australia, Hong Kong and European markets, remained closed for the holidays.
โบ Overall, the picture remained largely the same, the Fed remains data dependent and will have to wait and see how inflation develops. I've said it before - the Fed doesn't know more than the markets at this point.
โบ Yields have fallen slightly compared to Friday and the USD has also given back some of its recent gains. Also slightly positive for Wall Street.
โบ As we predicted, we see the current rally as intact and believe that the Nasdaq can climb back to the ATH region (18450 - 18500 range) very soon. We find a good entry near the current bottom range of the low volatility movements (~ 18365 - 18380*)
๐ฃ๏ธ Tip: Multiply your usual trade size by ~ 6 - 8 (600% - 800%) when trading the Nasdaq (NAS100).
โฑ Signal DELAYED by: 30+ (!) minutes! โ ๏ธ
โก๏ธ Receive non-delayed signals in the VIP Channel!
โโโ
1 โ
27.2 - SPX500 - LONG โ๏ธ
2 โ
29.2 - NAS100 - LONG โ๏ธ
3 โ
1.3 - NAS100 - LONG โ๏ธ
4 โ
1.3 - GER_40 - LONG โ๏ธ
5 โ
6.3 - NAS100 - LONG โ๏ธ
6 โ
6.3 - NAS100 - LONG โ๏ธ
7 โ
6.3 - NAS100 - LONG โ๏ธ
8 โ
6.3 - NAS100 - LONG โ๏ธ
9 โ
7.3 - NAS100 - LONG โ๏ธ
10 โ 8.3 - NAS100 - LONG โ๏ธ
11 โ
13.3 - NAS100 - LONG โ๏ธ
12 โ
14.3 - NAS100 - LONG โ๏ธ
13 โ
14.3 - GBR_100 - LONG โ๏ธ
14 โ
19.3 - NAS100 - LONG โ๏ธ
15 โ
19.3 - NAS100 - SHORT โ๏ธ
16 โ
20.3 - NAS100 - LONG โ๏ธ
17 โ
21.3 - FRA_40 - LONG โ๏ธ
18 โ
21.3 - NAS100 - LONG โ๏ธ
19 โ
25.3 - US30 - LONG โ๏ธ
20 โ 27.3 - NAS100 - SHORT โ๏ธ
21 โ
27.3 - US30 - SHORT โ๏ธ
19/21
22 โด๏ธ 1.4 - NAS100 - LONG โ๏ธ
๐ฅ VT Markets (๐ฌ๐ง๐ณ๐ฟ๐ช๐บ๐)
๐ฅ PU Prime (๐จ๐ฆ๐ฆ๐บ๐ณ๐ฟ๐ฌ๐ง๐ช๐บ๐)
๐ฅ Admiral Markets (๐ช๐บ๐ฆ๐บ๐ณ๐ฟ๐)
๐ฅ Libertex (๐ช๐บ๐)
โ
27.3 - USD/JPY - LONG โ๏ธ (SL - 151.287)
โ
27.3 - TSLA - SHORT โ๏ธ (SL - 177.77)
โ
27.3 - ADBE - SHORT โ๏ธ (TP - 501.16)
โ 27.3 - NAS100 - SHORT โ๏ธ (SL - 18291.90)
โ
27.3 - XAU/USD - LONG โ๏ธ (SL - 2191.43)
โ
27.3 - XAU/USD - LONG โ๏ธ (SL - 2190.67)
โ
27.3 - US30 - SHORT โ๏ธ (TP - 39805.60)
6/7 = 85.7% Success Rate
(โ
) 28.3 - XAU/USD - LONG โ๏ธ (SL - 2208.34; not clear signal)
โ
28.3 - GBP/USD - SHORT โ๏ธ (closed - 1.26186 / near b-even)
โ
28.3 - XAU/USD - LONG โ๏ธ (TP - 2211.13)
โ
28.3 - ADBE - SHORT โ๏ธ (TP - 501.36)
3/3 = 100% Success Rate
We can't trade the PCE data with our normal success rate - we are not gambling for a potential profit. We will re-adjust on Monday.
Congratulations on a very strong performance this week in an incredibly difficult market to trade ๐ค
Happy Easter!
Team SmartTrader + Robert
โก๏ธ RAPID UPDATE ๐ฐ
GBP/USD
CLOSE NOW โ
@: 1.26170 (near)
We are now seeing very slight "hedging movements". The Nasdaq 100 briefly fell to its low for the day after the close. The USD has made further tiny gains. We close here and are therefore out of everything - except our BP position - but BP is getting a tailwind from the strong rise in oil prices today on Monday.
โก๏ธ RAPID UPDATE ๐ฐ
Nasdaq (NAS100 / US100) ๐บ๐ธ
SL ๐ @: 18291.90
TP โ
@: 18223.60
We are seeing pretty much what we expected and see further profit taking towards NYSE closing (and ahead of this week/month/quarter end and especially ahead of tomorrow's US PCE data).
It's important to understand that while we are positioned SHORT here and are indeed seeing signs of selling/profit taking, I don't expect the super-hot inflation report that many traders fear, nor do I expect the big correction.
At the same time, we have to recognize that some of the best analysts (from Goldman Sachs, JPMorgan and Morgan Stanley) see the market as stretched. While I agree with them in part, especially that parts of Wall Street are historically expensive, we have to recognize the strength of the US economy, the revenue growth expectations of AI innovation/implementation, which (so far) has been not at but above expectations, and the fact that many sectors remain cheap. I believe the momentum is still too positive to expect sharp selling - although a hot inflation report would of course lead to selling initially.
At the same time, a hot PCE report is also just another indicator of a strong US economy. I see no need for easing (beyond QT tapering) - the US economy - or rather the big US companies, are still doing very well.
We are tightening SL and TP here. Our Dow Jones SHORT already hit the TP โ
39805.60 (or was closed in profit).
โโโ
1 โ
27.2 - SPX500 - LONG โ๏ธ
2 โ
29.2 - NAS100 - LONG โ๏ธ
3 โ
1.3 - NAS100 - LONG โ๏ธ
4 โ
1.3 - GER_40 - LONG โ๏ธ
5 โ
6.3 - NAS100 - LONG โ๏ธ
6 โ
6.3 - NAS100 - LONG โ๏ธ
7 โ
6.3 - NAS100 - LONG โ๏ธ
8 โ
6.3 - NAS100 - LONG โ๏ธ
9 โ
7.3 - NAS100 - LONG โ๏ธ
10 โ 8.3 - NAS100 - LONG โ๏ธ
11 โ
13.3 - NAS100 - LONG โ๏ธ
12 โ
14.3 - NAS100 - LONG โ๏ธ
13 โ
14.3 - GBR_100 - LONG โ๏ธ
14 โ
19.3 - NAS100 - LONG โ๏ธ
15 โ
19.3 - NAS100 - SHORT โ๏ธ
16 โ
20.3 - NAS100 - LONG โ๏ธ
17 โ
21.3 - FRA_40 - LONG โ๏ธ
18 โ
21.3 - NAS100 - LONG โ๏ธ
19 โ
25.3 - US30 - LONG โ๏ธ
21 โ
27.3 - US30 - SHORT โ๏ธ
19/20
20 โด๏ธ 27.3 - NAS100 - SHORT โ๏ธ
โก๏ธ RAPID UPDATE ๐ฐ
Adobe (ADBE) ๐บ๐ธ
SL ๐ @: 503.61
TP โ
@: 501.36
Adobe has already hit our TP. Due to a rather high spread, it did not trigger my TP ๐ก. If your position is still open - tighten your SL.
We still see strong resilience on Wall Street - after the next round of impressive US economic data today. Nevertheless, we expect traders to get more nervous before the end of today's session. Bond markets in the US will close in as little as 30 minutes. Markets in Europe are closing now. Trading activity will be limited, but we still expect some more general profit taking - however, we will want to get out of our SHORT positioning soon.
Unlike most analysts, I don't expect a very hot inflation report tomorrow. I also expect the current stock market rally to continue and do not expect a significant correction to start next week.
โโโ
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โก๏ธ RAPID UPDATE ๐ฐ
Adobe (ADBE) ๐บ๐ธ
SL ๐ @: 506.11
TP โ
@: 501.86
Our Adobe trade is not as massive as yesterday but again secure nice profits with Adobe. Unfortunately I had a bad entry with Adobe opening at 508.12 today. We are setting an in-profit SL and the TP near yesterday's (triggered) TP.
We expect more cautious trading in the last two hours of regular US trading. Bond markets close 3 hours earlier today, which means we will see very little trading activity at NYSE after that.
Also our Tesla position is in profit. Tesla was able to dodge our TP (so far) we stay SHORT.
Congratulations - our stock picking remains excellent.
โโโ
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๐ SmartTrader Insights: Tuesday Markets Wrap ๐
๐ Tuesday, April 2
โ๏ธ European yields rise as traders push back Fed bets; Global stocks show resilience supported by China optimism
โบ European stocks showed resilience, capitalizing on the post-Easter momentum, with Stoxx 600 futures up close to 0.5%. European bond markets experienced a sell-off, following the downturn in US Treasuries yesterday, as expectations for Federal Reserve easing adjusted in light of recent strong US data. German 10-year yields saw an uptick, aligning with movements in Australian and New Zealand notes. In March, Europe's manufacturing activity contracted, with France and Germany experiencing declines in PMI to 46.2 and 41.9, respectively, signaling persistent sector challenges and a struggling Eurozone economy. The rising bond yields in view of the change in expectations regarding the Federal Reserve's monetary policy also creates some headwinds - for US but also global equities.
โบ In the US, S&P and Nasdaq futures remain nearly unchanged. Market participants are reevaluating the pace and extent of potential Fed interest rate cuts following unexpectedly robust manufacturing data. This sentiment adjustment comes as the market anticipates more definitive data on employment and wage growth, crucial for the Fed's inflation containment measures. Fed Chair Jerome Powell's upcoming speech (Apr 3) is highly anticipated for further clues on the monetary policy direction.
โบ Asian markets presented a mixed picture, with Hong Kong shares rebounding strongly, while Japanese equities lagged, affected by weaker manufacturer confidence. The JPY remains weak against the USD, maintaining Monday's losses. Japanese auto stocks, including Toyota, experienced declines amid softening industry confidence and the new fiscal year's profit-booking. The spotlight remains on China, where a rebound in manufacturing activity has sparked optimism for economic recovery, pushing CSI 300 Index upwards.
โบ Commodities experienced notable movements as oil prices hovered near a five-month peak. With WTI Crude oil prices hovering over $84.5/barrel. Meanwhile, gold maintained its position after recently hitting a record high, reflecting sustained investor interest in safe-haven assets amidst the ongoing reassessment of global monetary policy trajectories. The gold price is trading above $2,260/oz. On the crypto market, on the other hand, the latest rally was slowed by the US Federal Reserve's revised easing bets. BTC prices fell to around $66,500 and attempts to recover ended in profit-taking - something our chief analyst Robert Lindner has also warned against in the recent past - which has been repeatedly confirmed.
Key events in today's economic calendar:
(times in UTC+0)
๐ธ ๐ช๐ธ HCOB Manufacturing PMIs - 07:15 (released)
๐ธ ๐ฎ๐น HCOB Manufacturing PMIs - 07:45 (released)
๐ธ ๐ซ๐ท HCOB Manufacturing PMIs - 07:50 (released)
๐ธ ๐ฉ๐ช HCOB Manufacturing PMIs - 07:55 (released)
๐ธ ๐ช๐บ HCOB Manufacturing PMIs - 08:00 (released)
๐ธ ๐ฌ๐ง S&P Global Manufacturing PMIs - 08:30 (released)
๐ธ ๐ฉ๐ช Inflation Rate / CPI - 12:00
๐ธ ๐บ๐ธ JOLTs Job Openings - 14:00
๐ธ ๐บ๐ธ Factory Orders - 14:00
๐ธ ๐บ๐ธ API Crude Oil Stock Change - 20:30
๐ธ = Event of medium/high importance
โฆ๏ธ = Event of very high importance
Key Earnings Reports:
(ordered by market capitalization)
โ๏ธ Paychex (PAYX) ๐บ๐ธ
SmartTraderโข Analyst team & Robert Lindner
โก๏ธ RAPID UPDATE ๐ฐ
Gold (XAU/USD)๐ฅ
SL ๐ @: 2244.94
TP โ
@: 2252.23
We update our gold position once again. We widen our TP (optional) and pull our SL up significantly (after further gains in gold now).
What a mega gold trade again.
We now also re-enter the gold now earlier range ๐ผ $2,235 - $2,238.50 if our narrow SL is triggered.
โโ-
01 - โ
05.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
02 - โ
05.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
03 - โ
05.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
04 - โ
05.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
05 - โ
06.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
06 - โ
06.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
07 - โ
07.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
08 - โ
07.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
09 - โ
07.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
10 - โ
08.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
11 - โ
08.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
12 - โ
12.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
13 - โ
12.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
14 - โ
14.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
15 - โ
15.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
16 - โ
19.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
17 - โ
20.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
18 - โ
20.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
19 - โ
21.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
20 - โ
22.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
21 - โ/โ
22.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ (pot. closed in SL)
22 - โ
22.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
23 - โ
25.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
24 - โ
26.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
25 - โ
27.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
26 - โ
27.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
27 - โ
28.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
28 - โด๏ธโ
01.04 Gold (XAU/USD)๐ฅ - LONG โ๏ธ (SL deep in profit)
27/28 = 96.4%
โก๏ธ RAPID UPDATE ๐ฐ
Nasdaq (NAS100 / US100) ๐บ๐ธ
SL1 ๐ @: 18192.30
SL2 ๐ @: 18263.30
TP โ
@: 18394.70
Gold (XAU/USD)๐ฅ
SL ๐ @: 2239.33
TP โ
@: 2249.48
We are doing another update and secure our gold position with an in-profit SL. It is very possible that gold will move higher again at the start of Asian trading. We set our TP near $2.250. If our tight SL is triggered, we want to go LONG again in the ๐ผ $2.231 - $2.235 range.
We also reduce our positioning in the Nasdaq 100 (as we are anyways quite LONG positioned) - and set the SL for our re-entry (SL2) in-profit.
โโโ
1 โ
27.2 - SPX500 - LONG โ๏ธ
2 โ
29.2 - NAS100 - LONG โ๏ธ
3 โ
1.3 - NAS100 - LONG โ๏ธ
4 โ
1.3 - GER_40 - LONG โ๏ธ
5 โ
6.3 - NAS100 - LONG โ๏ธ
6 โ
6.3 - NAS100 - LONG โ๏ธ
7 โ
6.3 - NAS100 - LONG โ๏ธ
8 โ
6.3 - NAS100 - LONG โ๏ธ
9 โ
7.3 - NAS100 - LONG โ๏ธ
10 โ 8.3 - NAS100 - LONG โ๏ธ
11 โ
13.3 - NAS100 - LONG โ๏ธ
12 โ
14.3 - NAS100 - LONG โ๏ธ
13 โ
14.3 - GBR_100 - LONG โ๏ธ
14 โ
19.3 - NAS100 - LONG โ๏ธ
15 โ
19.3 - NAS100 - SHORT โ๏ธ
16 โ
20.3 - NAS100 - LONG โ๏ธ
17 โ
21.3 - FRA_40 - LONG โ๏ธ
18 โ
21.3 - NAS100 - LONG โ๏ธ
19 โ
25.3 - US30 - LONG โ๏ธ
20 โ 27.3 - NAS100 - SHORT โ๏ธ
21 โ
27.3 - US30 - SHORT โ๏ธ
23 โด๏ธโ
1.4 - NAS100 - LONG โ๏ธ (SL in profit)
20/22
22 โด๏ธ 1.4 - NAS100 - LONG โ๏ธ
Overview last 10 trading days:
โ
Performance: 15.3 - 22.3
37/42 = 88.1% Success Rate
โ
25.3 - USOIL - LONG โ๏ธ (TP - 81.679)
โ
25.3 - CVX - LONG โ๏ธ (SL - 156.23)
โ
25.3 - INTC - LONG โ๏ธ (SL - 41.93)
โ
25.3 - US30 - LONG โ๏ธ (SL - 39433.20)
โ
25.3 - XAU/USD - LONG โ๏ธ (TP - 2,184.49)
โ
25.3 - XOM - LONG โ๏ธ (TP - 114.89)
โ
25.3 - BA - LONG โ๏ธ (SL - 41.93)
7/7 = 100% Success Rate
โ
26.3 - CAD/CHF - LONG โ๏ธ (TP - 0.66748)
โด๏ธ 26.3 - BP - LONG โ๏ธ (open - slightly off-profit)
โ
26.3 - TSLA - SHORT โ๏ธ (SL - 182.53)
โ
26.3 - XAU/USD - LONG โ๏ธ (TP - 2184.43)
โ
26.3 - BTC/USD - SHORT โ๏ธ (closed - 69013.22 / near b-even)
โ
26.3 - TSLA - SHORT โ๏ธ (SL - 179.81 / potentially slippage)
5/6 (1 open position)
โ
27.3 - USD/JPY - LONG โ๏ธ (SL - 151.287)
โ
27.3 - TSLA - SHORT โ๏ธ (SL - 177.77)
โ
27.3 - ADBE - SHORT โ๏ธ (TP - 501.16)
โ 27.3 - NAS100 - SHORT โ๏ธ (SL - 18291.90)
โ
27.3 - XAU/USD - LONG โ๏ธ (SL - 2191.43)
โ
27.3 - XAU/USD - LONG โ๏ธ (SL - 2190.67)
โ
27.3 - US30 - SHORT โ๏ธ (TP - 39805.60)
6/7 = 85.7% Success Rate
-> no update here, as the LSE remained closed. However, great to be positioned LONG in energy here. BP at NYSE ๐บ๐ธ is currently up 0.9% for today.
โก๏ธ RAPID UPDATE ๐ฐ
Gold (XAU/USD)๐ฅ
SL ๐ @: 2226.83
TP โ
@: 2248.43
Following the strong US Purchasing Managers' Index, US Treasuries fell across the curve, sending yields soaring. Following the first expansionary manufacturing report since September 2022, swap markets have lowered Fed rate cut expectations for 2024 to 65 basis points - less than the three rate cuts Fed policymakers have forecast.
I think rate cuts of 50bps are most likely for the Fed in 2024, as there is little evidence that disinflation is accelerating or that inflation could reach the 2% target before the middle/end of the third quarter.
However, markets remain divided - so we see almost all assets moving sideways with signs of a correction from earlier stronger movement following the surprise PMI figures.
We have found a good entry in gold and continue to see gold bullish - even with only 2 Fed rate cuts for 2024. We set a TP that is not too tight and also a rather wide SL - we want to close in our TP here.
We see yields now stabilizing near the 2024 highs, reducing headwinds on gold.
โก๏ธ RAPID UPDATE ๐ฐ
EUR/USD
SL ๐ @: 1.07551
TP โ
@: 1.07361
We have found the perfect entry point in the EUR/USD and now see the USD continuing to rise (especially against the EUR) and the EUR/USD falling to its lowest level since February 16.
We expect some dip buying towards 1.07100 - 1.07300 and therefore set a tight SL & TP.
Most analysts are surprised by the continued USD strength as they had expected the USD to fall in case the PCE data was not good. They fail to recognize that despite the expected rate cuts, the Fed is (still) less dovish than all other major central banks.
โโ
๐ช๐ต
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๐ฐ FREE VIP SIGNAL ๐ฏ
BUY WHEN NYSE OPENS ๐ผ Microsoft (MSFT) ๐บ๐ธ
We see a slightly higher opening for Wall Street (compared to Thursday's close) and expect the markets to remain in a sideways movement overall and trading activity to remain subdued (for today).
โบ We assume that cautious trading will continue for the time being, but that optimism will remain intact / return. Microsoft fell by almost 2% in the previous week, after the share had performed strongly overall in the first quarter (almost +12% YTD). We expect Microsoft to recoup some or most of last week's losses this week.
โบMicrosoft's financial performance was/is very impressive, with strong and consistent revenue and earnings growth and increasing profitability. I expect Microsoft to maintain its strong growth and continue to be an or THE "AI winner" in the software space.
โบ The increasing integration of Gen AI technology from OpenAI into Azure as well as Microsoft's software package (suite), especially Co-Pilot, will likely lead to Microsoft further widening the gap with other software companies, including increasing revenues and market share.
โบ We see MSFT opening 0.5% - 0.6% higher at $423.00 - we expect Microsoft to try to push back towards ATH ($430) soon. There could be some profit taking after the NYSE open (possibly back to ~ $422.00), but we expect Microsoft to cut much of last week's losses quickly.
๐ฃ๏ธ Tip: Multiply your usual trade size by ~ 130 - 150 (13,000% - 15,000%) when trading Microsoft (MSFT)
โฑ Signal DELAYED by: 13+ (!) minutes! โ ๏ธ
โก๏ธ Receive non-delayed signals in the VIP Channel!
โโ
๐ค๐ค๐ค๐ค๐4๏ธโฃ3๏ธโฃ0๏ธโฃ
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๐ฐ FREE VIP SIGNAL ๐ฏ
SELL NOW ๐ฝ EUR/USD
โบ We are seeing very little volatility on all markets, including the FX markets. The USD experienced a slight headwind on Friday after the US Bureau of Economic Analysis (BEA) announced that the Fed's preferred indicator for inflation, the core personal consumption expenditures (PCE) price index, was in line with estimates in February (instead of being the next hot inflation report). The core PCE price index was 0.3% the previous month and 2.8% the same month last year, in line with market consensus. Disinflation has therefore continued since January - albeit at a very slow pace. The US consumer remains strong - which is reflected above all in personal spending.
โบ While the market took the data and Powell's comments positively and even slightly increased bets on rate cuts (Swap Marlets still expect a first rate cut in June), I see little evidence of (accelerated) disinflation in the US and more evidence of stubborn inflation.
โบ The picture is different in the Eurozone, as some economies have already reached the target level. In addition, many currency traders expect the ECB to also prepare a rate cut following the SNB's surprise rate cut - with the European economy as a whole also still showing signs of weakness.
โบ While the USD has already benefited from concerns about hot inflation ahead of the PCE data, I still see the expectation that the Fed is further away from rate cuts (and will cut more slowly) than the ECB.
โบ The EUR/USD was unable to rise above the 1.08000 level after the PCE data and is likely to remain bearish for the time being. We take advantage of the small rise to near 1.07900 and position us SHORT.
โฑ Signal DELAYED by: 50+ (!) minutes! โ ๏ธ
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โโ
๐ต๐๐ธ
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๐ SmartTrader Insights: Monday Markets Wrap ๐
๐ Monday, April 1
โ๏ธ Stock futures point to continuation of rally as US inflation data does nothing to change rate cut expectations
โบ In Europe, equity markets remain closed but are likely to extend their recent gains as markets have time to digest the US inflation data, which appears to confirm expectations of imminent rate cuts by the Federal Reserve this year. European markets will be influenced by the release of CPI and unemployment figures in the Eurozone later in the week.
โบ In the US, futures got off to a positive start after a mixed close in the previous session, focusing on upcoming economic data releases. Core PCE price index data released last Friday showed a 0.3% month-on-month increase for February, which was in line with expectations and a slowdown from the revised 0.5% increase in January. Year-on-year, the core PCE reading rose 2.8%, still above the Fed's 2% target. The data, which is in line with the Fed's efforts to fight inflation, fuels ongoing speculation about possible rate cuts, with Fed Chairman Jerome Powell emphasizing that more evidence of a sustained decline in inflation is needed before monetary easing can be considered.
โบ Asian markets presented a mixed picture: Japan's stock market fell due to a slight loss of confidence among major manufacturers. In contrast, Chinese and South Korean benchmarks posted gains, boosted by optimistic manufacturing data in China that pointed to an upturn in manufacturing activity. Overall trading activity was limited and some markets such as Hong Kong and Australia remained closed. The region continues to monitor currency movements, particularly the JPY against the USD, amid speculation of possible intervention by Japanese authorities to stabilize the currency.
โบ On the commodities market, gold prices rose to a record high due to geopolitical tensions and strong demand from China, underlining the metal's appeal as a safe haven. In particular, gold is also benefiting from the fact that interest rate cut hopes remain unchanged, as swap markets continue to expect interest rate cuts from European central banks and the Fed from June onwards. The gold price now stands at $2,255/oz. Oil prices also rose slightly to $82.8/barrel.
Key events in today's economic calendar:
(times in UTC+0)
๐ธ ๐ฏ๐ต Jibun Bank Manufacturing PMI - 00:30 (released)
๐ธ ๐จ๐ณ Caixin Manufacturing PMI - 01:45 (released)
๐ธ ๐บ๐ธ S&P Global Manufacturing PMI - 13:45
๐ธ ๐บ๐ธ ISM Manufacturing PMI - 14:00
๐ธ = Event of medium/high importance
โฆ๏ธ = Event of very high importance
Key Earnings Reports:
(ordered by market capitalization)
No significant earnings reports today
SmartTraderโข Analyst team & Robert Lindner
Overview last 9 trading days:
โ
Performance: 15.3 - 21.3
31/34 = 91.2% Success Rate
โ
22.3 - XAU/USD - LONG โ๏ธ (SL - 2174.43)
โ
22.3 - NZD/USD - LONG โ๏ธ (TP - 0.60111; slight profit)
โ
22.3 - APPL - LONG โ๏ธ (SL - 172.17 / potentially with slippage)
โ(โ
) 22.3 - XAU/USD - LONG โ๏ธ (SL - 2159.77 /or in TP 2174.13)
โ
22.3 - BA - LONG โ๏ธ (closed ~ 193.67 for me)
โ
22.3 - GOOGL - LONG โ๏ธ (TP - 150.97)
โ
22.3 - XAU/USD - LONG โ๏ธ (TP - 2174.13)
โ 22.3 - V - LONG โ๏ธ (SL - 280.79)
6/8 = 75% Success Rate
โ
25.3 - USOIL - LONG โ๏ธ (TP - 81.679)
โ
25.3 - CVX - LONG โ๏ธ (SL - 156.23)
โ
25.3 - INTC - LONG โ๏ธ (SL - 41.93)
โ
25.3 - US30 - LONG โ๏ธ (SL - 39433.20)
โ
25.3 - XAU/USD - LONG โ๏ธ (TP - 2,184.49)
โ
25.3 - XOM - LONG โ๏ธ (TP - 114.89)
โ
25.3 - BA - LONG โ๏ธ (SL - 41.93)
7/7 = 100% Success Rate
โ
26.3 - CAD/CHF - LONG โ๏ธ (TP - 0.66748)
โด๏ธ 26.3 - BP - LONG โ๏ธ (open - off-profit)
โ
26.3 - TSLA - SHORT โ๏ธ (SL - 182.53)
โ
26.3 - XAU/USD - LONG โ๏ธ (TP - 2184.43)
โ
26.3 - BTC/USD - SHORT โ๏ธ (closed - 69013.22 / near b-even)
โ
26.3 - TSLA - SHORT โ๏ธ (SL - 179.81 / potentially slippage)
5/6 (1 open position)
-> nothing new here // BP at LSE ๐ฌ๐ง and NYSE ๐บ๐ธ rose 0.6% today
โก๏ธ RAPID UPDATE ๐ฐ
GBP/USD
SL ๐ @: 1.26306
TP โ
@: 1.26152
We don't take any action before the market closes. We're not expecting a very hot US PCE report - but there's a lot of data coming out and we can't trade the market here with a success rate that I'd be happy with, especially because markets may overreact on Monday, as also traders are re-positioning at the start of a new quarter. There is also no analytical method to figure out what the actual market expectations are for Friday's US PCE data.
The Nasdaq 100 hit our tight SL. Much of the apprehension around tomorrow's PCE data was already priced in earlier in the week or is seen more in the USD and gold and less in equities, which I think are still in a solid position - especially given the improving economic data of late, including today's better than expected US GDP growth.
We see that the USD is still in demand, but it has seen solid gains in recent sessions. We are setting a tight SL & TP for our GBP/USD / you can alternatively close around break-even here as well.
Yields also remained unchanged today. The markets have already priced in the coming uncertainty - that's all the market knows.
โโโ
Congratulations on another great week ๐ต๐
๐ฅ VT Markets (๐ฌ๐ง๐ณ๐ฟ๐ช๐บ๐)
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โก๏ธ RAPID UPDATE ๐ฐ
Dow Jones (US30) ๐บ๐ธ
SL ๐ @: 39870.80
TP โ
@: 39805.60
OR
CLOSE โ
@: 39815 (area / slightly in profit)
We are now starting to further reduce our SHORT positioning. We are SHORT in the Nasdaq 100 and the Dow Jones.
We want to close our Dow Jones in our very tight TP here. If we see markets becoming more nervous ahead of NYSE closing - we will see most selling in growth stocks.
Most of you have a slightly better initial entry - you can also just close here (slightly in profit / near break-even).
โโโ
๐บ๐ธ๐๐ต๐
๐ฅ VT Markets (๐ฌ๐ง๐ณ๐ฟ๐ช๐บ๐)
๐ฅ PU Prime (๐จ๐ฆ๐ฆ๐บ๐ณ๐ฟ๐ฌ๐ง๐ช๐บ๐)
๐ฅ Admiral Markets (๐ช๐บ๐ฆ๐บ๐ณ๐ฟ๐)
๐ฅ Libertex (๐ช๐บ๐)
โก๏ธ RAPID UPDATE ๐ฐ
Tesla (TSLA) ๐บ๐ธ
SL ๐ @: 177.77
TP โ
@: 175.11
Adobe (ADBE) ๐บ๐ธ
SL ๐ @: 505.56
TP โ
@: 501.26
Tesla remains our crazy cash cow. For years.
We are now securing profits with a tight SL. We are maintaining our TP - but will extend it further in the course of the day.
We are also slightly updating our Adobe positions.
Congratulations; many of you have made more money than the price of a Tesla Model 3 trading Tesla in recent months / especially those of you who have been trading with us for years. If possible, share some of your profits with people in need - we always appreciate it. Extend my helping hand to others (in need).
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IMPORTANT โ ๏ธ Please continue to make sure that you never lose more than 2% - max. 5% of your account balance in a single trade (this includes possible re-entries = still the same trade!). As long as you follow this, you will be 100% (!) profitable if you copy our trades. Nobody trades (short-term / fundamentally) anywhere near our level.
If you feel you are making mistakes or not getting the support you need, please contact our support. You can also ask our support for another account manager if you are not completely satisfied with your account manager:
SmartTrader Support ๐ฌ๐ง
SmartTrader DE-Support ๐ฉ๐ช
SmartTrader ES-Support ๐ช๐ธ
โก๏ธ RAPID UPDATE ๐ฐ
Gold (XAU/USD)๐ฅ
TP โ
@: 2211.13
We are tightening our TP for our current open gold position. It almost hit our TP - we should have tightening the SL a bit earlier. A potentially strengthening USD will weigh on commodity prices.
If gold falls below $2,200 it may take 1-3 sessions for gold to reclaim this level (which is near ATH).
However, we continue to see gold bullish and benefiting from rising uncertainty about how much further stocks can rise later this year.
Our GBP/USD is currently slightly off-profit but we expect more USD strength towards the end of today's (shortened) session.
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๐ฅ2๏ธโฃ2๏ธโฃ0๏ธโฃ0๏ธโฃ
๐ฅ VT Markets (๐ฌ๐ง๐ณ๐ฟ๐ช๐บ๐)
๐ฅ PU Prime (๐จ๐ฆ๐ฆ๐บ๐ณ๐ฟ๐ฌ๐ง๐ช๐บ๐)
๐ฅ Admiral Markets (๐ช๐บ๐ฆ๐บ๐ณ๐ฟ๐)
๐ฅ Libertex (๐ช๐บ๐)