Swing Trades DAX/DOW/NQ/GOLD

NQ heading for the 500

ES heading for 5250>>5260

CNBC:

Dow jumps more than 200 points, Nasdaq gains 1% as Nvidia, tech shares resume rally

″[i]t’s proving difficult to see what may stop the market’s momentum, as earnings, inflation, and interest rates are moving in the right direction,”

The consumer price index climbed 0.4% in February and 3.2% year over year, the Bureau of Labor Statistics said on Tuesday.

Economist polled by Dow Jones expected a 0.4% increase last month and 3.1% year-over-year, respectively. Core inflation, which strips out food and energy from the headline reading, climbed 0.4% in February, compared to a forecast gain of 0.3%.

Investors weren’t overly concerned the report would change expectations of the Federal Reserve cutting rates in June

ES/SnP Mini Long again 5241.50 1 lot

Closed +3.75p

U.S. Budget Deficit Widens To $296.3 Billion In February

The statement said the budget deficit widened to $296.3 billion in February from $21.9 billion in January. Economists had expected the deficit to widen to $298.0 billion.

The substantial wider budget deficit largely reflected a steep drop by receipts, which plummeted by 43.2 percent to $271.1 billion in February from $477.4 billion in January.

Good morning

MNQ Micro long 18.463 last lot
T1 +12p 2 lot
T2 +23/25p 2 lot
1 left/Closed at 500 +36/37p last lot
Needs to break the 500 first now.
Target 18.650 MR1 and 18.700 ATH zone


ES Mini Long 52412.50 1 lot
Closed +4.00 points
15p to go to its ATH again
5250 likely a RS level
5260 ATH

This Is My Anticipation for the NQ for this week, sent out this chart on Monday and I'm new here so I wanted to share it here too.

MNQ Short re entry 18.320
T1 +30/32p 8 lot
2 left
1 closed +25p
1 left
Closed +27p last lot

Investors are watching out for February’s producer price index, due Thursday morning before the bell. The metric is a measurement of wholesale inflation. The PPI report is the last major piece of economic data to be released prior to the Federal Reserve’s upcoming policy meeting, set for March 19-20.

The bigger market theme right now is the sell-off in the technology sector. The market has been able to withstand the lack of technology leadership and has broadened out. The Magnificent Seven story is over.

ES Mini Long 5242 1 lot
To ATH?

Closed +2.75p 1 lot

MNQ Long 396
Poss Swing last 2 lot

MES still long last lot

T2 +7p 2 lot
1 left/SL BE
ATH at 5260/5p to go.

5250 RS zone

Hot PPI number US

DR1/-0.5% hit.

Closed +110p last lot MNQ

MNQ Sh 18.273 last lot
T1 +15/16p 3 lot
T2 +22p 1 lot
1 left
Closed +49/50p

Target 200<>175 DS2 (maybe)

MNQ Short reverse last Long lot at 18.174

Closed +34p last lot

ES/SnP Mini Long 5193 1 lot

Closed +7.5p 1 lot

MNQ Micro counter Long 265 last lot
T1 +11/12p 2 lot
1 left
Closed +18p last lot
(+/-40p = $80)

ES Mini L 5219 1 lot

Closed +2p ($100)