2014 technical strategy: Will the DJ30 Continue Rising?

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Information about 2014 technical strategy: Will the DJ30 Continue Rising?

Published on February 28, 2014

Author: Matti_Williamson

Source: slideshare.net


Moderate gains were noted in global indices. Based on my technical analysis, monthly patterns are providing a case for short trades across the board.

2014 Technical Strategy: Will the DJ30 Continue Rising? By Matti Williamson

The Fed Since the 2008 financial crisis a moderate recovery has been seen in global markets. Many analysts predicted the bullish wave is due to end in any moment but the bullish tidal swept the bearish hogs off their feet. The natural question that is begged to be asked, can I still enter the stock market? It is important to know the current QE (launched by the Fed) is pumping liquidity into the market including equities. Based on my analysis, it appears the Fed is ensuring the uptrend of the market is sustained at all costs. The QE is used to manipulate the markets and eradicate any bearish thoughts, which paved a glamorous path for the market bulls. To back up my case, note that the Australian Dollar is not benefiting from the risk appetite in the leading indices. Take 28th February, 2014 as an example. Many traders spotted the opportunity and generated a decent ROI over the Fed's actions. Risk aversion will only surface if the Fed is caught off-guard. Based on my research, it definitely will. Technical Strategy After reviewing the technical end of the market I have a short entry in SP500, DJ30, DAX30 and a long entry in crude oil (WTI and Brent). In the Foreign Exchange market, the JPY is expected to strengthen against a basket of currencies, a classic case for risk aversion. However, crude oil is due for further gains, which could very well suggest tension in the Middle East is the likeliest scenario for the bearish fallout. Unlike the indices, for crude oil I must wait for a clean breakout in order to establish a bullish trade for the medium-term. The duration of the trades is between 2 – 4 months with a decent RR. An entry will be given at the monthly close (beginning of March). For further details regarding the protective stops and targets or to benefit from my intraday/swing/medium-term strategies please contact me via LinkedIn.

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