Trading platform

Menu
  • About Us
  • Contact Us
  • DCMA
  • insurance
  • insurance 2023
  • Privacy Policy
  • Sample Page
  • Terms and Conditions
Menu
 
 

August 1st Market Update: The Bulls Are Winning Again!

Posted on July 29, 2022 by admin

The bulls came to celebrate this week, and what a party! The recession has been redefined, the market has ignored it, and new highs have been recorded against last week’s highs across all major indices. Let’s dive into the individual names below.


Weekly Analysis

this week , dollar spy ETF closed in $411.99 (or equivalent in local currency) (+ 4.28%), He ended the month shyly putting up a bullish engulfing candlestick pattern. AVWAP from ATH plus 200-period SMA looms above. Traders and investors alike are sure to turn their eyes to both of these levels.

this week , QQQ dollars ETF closed in $315.46 (or equivalent in local currency) (+4.46%). Unlike the dollar spy indicator, this indicator has managed to set a bullish engulfing candlestick pattern on a monthly basis. Both ATH and SMA 200-period aVWAP could be of interest in the coming weeks.

This is a monthly and daily chart of $QQQ

this week , $ IWM ETF closed in 187.25 USD (or equivalent in local currency) (+34.31%). Just like QQQ in USD, this indicator has set a bullish engulfing candle on the monthly time frame. Also, like other indicators, the 200-period SMA and aVWAP from ATH could play out in the coming weeks.

This is a monthly and daily chart for $IWM


Top Twitter Posts This Week

This is a chart photo from @Jake__WujastykThis is a graphic image from EthanFinancialThis is a graphic image from FortuneOptions

  • 1st
  • August
  • bulls
  • market
  • Update
  • Winning
  • Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    Recent Posts

    • Stop relying solely on technical indicators, and save your account
    • How to start trading with $500 (approx) risk free
    • How long do I need to day trade (and work) each day?
    • The Crazy Benefits of Fundamental Analysis (Even for a Day Trader)
    • AI Stocks: How to Trade and Best List 2023

    Recent Comments

    No comments to show.

    Archives

    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022

    Categories

    • Forex Trading
    • Uncategorized
    ©2023 Trading platform | Design: Newspaperly WordPress Theme