Name: Dow Jones, DAX, Gold & More – Charts to Watch
Uploaded: 2020-03-11T16:50:04.000Z
Duration: 34 min 7 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Welcome to this week's Session of Indices in commodities.

We will now move on to the risk disclaimer.

Give yourself about 10 seconds, and then we shall move on.

Ah, We'll circle back around to cold goals.

Certainly interesting, but ah, looking at?

Well, look at the overnight, Uh, the future's We had some further flare up.

I don't know how which we've escalated yet just yet, but, um, with the tensions in the Middle East, Iran, what have you?

Um when I went to bed last night, the Dow futures were pretty much at their lows.

Uh, S and P's down 40 some handles, Obviously.

In fact, I think probably minutes after I went to bed, we had made an overnight low or right around there.

And it actually didn't really surprise me all that much.

Ah, you know, I said, uh, these air not the types of catalyst that I'd like to see for volatility for couple of reasons.

One we don't like to see any kind of Ah, yeah, geopolitical risk or not or not.

Ah, catalyst for markets moving, obviously.

They have a tendency to, ah, to be somewhat short lived.

And, uh so, you know, I wasn't really surprised when I saw that we were winter back it on changing the, uh, the futures and things like dollar yen had come back to the zero line.

What have you, Um, but anyways, we we ah, we had a nice rebound.

And so when I look at the cash and disease, which is what we look at a lot of times, um, it was actually highlighting that red I had that red bar in there.

Uh, the red box was actually highlighting an extreme from, ah, the 200 day that we had not seen since.

So it was kinda highlighting that the market was overbought and, uh, that we were due for a pullback or a digestion period And that's kind of what we've seen so far.

But, you know, looking at the cash in the index right now looking where the futures are, we're gonna open.

If you didn't, you were paying attention or a few.

Ah, a or the ah, it's gonna look like the market was, like unchanged.

The middle of the range and And all is all is well.

Ah, but ah, we did have that that reversal on And, uh, I think that in general we're looking at we're just in a very, uh we're in a very strong market.

So it's also gonna take a lot of things to, ah, sales going that, uh and Chandra, uh, I think that it's gonna take a lot to get.

Ah, you know, it's It's definitely It's kind of like, uh, it's like holding a beach ball underwater right now when it comes to stocks, if you ever try to do that with a beach ball, you know, it's all very easy to d'oh.

Ah, so holding a beach ball underwater is kind of the analogy.

I like to use one when stocks just are just pressing on, pressing on the offer the whole time on with that in mind, you know, I don't is there isn't any.

There's Ah, you know where I think that, you know, we're certainly extended.

Ah, but we've We've worked off some of that since the last couple of days of the year 2019.

Ah, we worked off some of that and, uh, you know, certainly.

Ah, where where the futures were getting hammered.

So, uh, I think that right now we're still looking at we're still looking at Ah ah, bullish environment.

Trying to find the top is, uh, not something that's in my wheelhouse.

And, uh, you know, I've said that before.

It could be very, very difficult to Ah, you're better off.

Just waiting for some good price action could break in the market That, uh, doesn't recover immediately.

But then immediately, we started recovering.

You know, that's that's something that ah, you know, indicates obviously strength.

So until we get something where you know, we have a break in the market doesn't want to come right back.

You know, I think it's it's gonna be a short sea to be, uh, isolated to the entered a time frame.

And and, uh, you know, longs R r right now, just continuing while the risk is rising just like anything, the higher it goes, the faster it goes, the risk rises that you're gonna have some kind of reaction.

Um, longs are still ah are still implying there's still a favorable, uh, direction now, looking at resistance, we do have one line.

Um, I had actually try had this drawn in, ah, pre holiday.

And the, uh, them sure enough, we and it pulling right off of it.

So it's It's a very firm, uh, lines of back to the dow.

What's nice about this one is, then you have, uh, three connecting lows as well on the exact parallel.

So you've got a really, really strong channel there, Uh, broadly speaking, and right now we're obviously up against the top of it.

But any time you're you're running with the, uh, with the trend and you've got some kind of topside trendline.

Ah, as you do here, it's viewed as a lesser form of resistance, and this is as a form of support.

You'll run into him going into the direction you know you could.

Well, ah, a lot of times could happen is you'll just see, maybe they're up horizontal move, sort of what we're seeing now, or even a grind, then eventually break on through.

So I think that Ah, right now, the kind of take off a couple of these things because the visuals could get a little distracting When you when you have other lines running around on your chart, your attention if you like, May ah, your attention gets a little well deterred.

Ah, but looking at this, we have trendline coming up from October.

This would be if we ran into this so little morgan consolidation or if we even just dipsy do down a little bit.

This could offer a good level of support to, ah, take advantage of Ah, in terms of, you know, maybe jump on board the trend and, uh, you know, having another pop to the upside again, uh, looking at the downside, you know, we're gonna have to have that strong break.

It's just generally, you know, there's there's just ah, you know, the tide's running with the bulls, you know?

So it's don't you don't need to be a rocket scientist to see which way the trend is.

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Dow Jones, DAX, Gold & More – Charts to Watch

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