Intraday Market Thoughts Archives

Displaying results for week of Nov 20, 2022

Break, Correct, Kiss, Rebound

Nov 23, 2022 13:29 | by Ashraf Laidi

Last week I reiterated to the WhatsApp Broadcast Group that indices will maintain their gains by repeating the July action of breaking above the 100 DMA for a few days, pull back to kiss it it before rallying anew and completing another +17%-18% run from the low to rest at the 200DMA. The chart was part of the slides of my presentation in Amman last week. Whether indices extend their gains for a Santa Rally, depends on next week's core PCE release as well as CPI (Dec 13th) and the Fed decision (Dec 14th). Next week's release of the Nov jobs report will be important but not as crucial as CPI and PCE. Putting "what if" scenarios aside, we stick with the tactical frameworks shared with the WBG as of early Nov. 

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Break, Correct, Kiss, Rebound - Spx Slides Nov 23 2022 (Chart 1)

Chat on EURGBP دردشة عن

Nov 23, 2022 12:50 | by Ashraf Laidi

Vudeo short on EURGBP in English        تعليق عن يورو إسترليني بالعربي

Chat on EURGBP دردشة عن - Youtube Cov Short Eurgbp (Chart 1)