WTI, NZDJPY, Nasdaq Updates 2/20/19

TL;DR

Dale Pinkert discusses potential pullbacks in energy markets, Kiwi Yen, and Nasdaq, emphasizing cautious trading strategies.

Transcript

hello traders its Dale Pinkert at Forex top hunter on Twitter with a couple of views on significant markets here today we had this tremendous drop of the stock market and WTI crude and since January have recovered this market all the way back towards us 56 level we are not confirming up here at new highs I would not chase the energy market I believ... Read More

Key Insights

• 🎚️ Energy markets have recovered but may see pullbacks towards $50 levels.
• 🛀 Kiwi Yen shows potential for a corrective move around 76.50.
• ❓ Nasdaq displays daily divergences with the potential for a pullback.
• ❓ Dale Pinkert emphasizes the importance of cautious trading strategies.
• 🫰 Potential market corrections are expected in stock indexes by March-April.
• 💹 Daily chart analysis on Nasdaq suggests potential pullbacks.
• ✳️ Consideration of risk management with a three to one profit-risk ratio.

Questions & Answers

Q: What is Dale Pinkert's view on the energy market?

Dale believes that the energy market has recovered but advises caution, suggesting possible pullbacks towards $50 levels amidst potential for higher levels.

Q: Why does Dale Pinkert express caution regarding the Kiwi Yen?

Dale is cautious about the Kiwi Yen due to overextension, pointing out a potential 3dr formation around 76.50, especially considering related risks in S&P and Nasdaq.

Q: How does Dale Pinkert analyze the Nasdaq market?

Dale highlights divergences in the Nasdaq market, pointing towards potential pullbacks to 61.850-50%, although he does not predict a crash but expects a correction.

Summary & Key Takeaways

• Energy markets have seen a significant drop and recovery towards $56 level, with potential for higher levels but advisable to watch for pullbacks.

• Kiwi Yen shows a possibility for a corrective move around 76.50, linked to potential corrections in S&P and Nasdaq.

• Nasdaq market displays daily divergences, with the potential for pullback to 61.850-50%.