$SMH: Is 235 Ready?The semiconductor sector is seeing incredible strength today and it looks poised to continue. Tech and Nasdaq may still be preferred even if we see TVC:DXY rise off the lows. Best of luck traders!Longby Fox_Technicals0
$XLC: 82.5 Might Be A GoThe communications sector is seeing incredible strength with NFLX making strong moves on the day. We see this and the broader tech, Nasdaq areas of the market moving higher as well. Good luck tradersLongby Fox_Technicals0
$COPXNot financial advice. AMEX:COPX Setting up for a possible cup and handle will have to wait for confirmation if it gets rejected at yellow line resistance. Like and subscribe for more ideas.by alex6666660
Small CapsA lot of speculation regarding small caps being a 'catchup trade'. Perhaps it will play out that way. Perhaps it wont. A few observations: Weekly chart has held long term trend, well, over the past 20 years. Small caps are sensitive to Fed Funds Rates. The circumstances of the rate change is important. My expectation: Small caps upward move will precede the FFR cut. Small Caps should fade from long term trend, given 'higher for longer'. Stock pickers would be better suited to hand select small caps with strong balance sheets, as opposed to a shelf item small cap ETF. by WillNixTrading3
Closed (IRA): SMH July 19th 189/199/275/285 Iron Condor... for a 1.17 debit. Comments: Mixing and matching profitable put wing with profitable call wing from iron condors put on at different times (See Posts Below) to de-risk running into NVDA earnings on 5/22. (NVDA is around 21% of SMH holdings). The resulting setup is a July 19th 205/215/255/265 on which I've collected a net 3.23 in credits; delta/theta -.28/3.45. I'll look at doing a delta adjustment post-earnings if necessary.by NaughtyPinesUpdated 0
SLV Skyrockets: Why This Silver ETF Could Be Your Next Big Win!The chart shows a strong bullish trend with a significant breakout above previous resistance levels. The recent price action has formed a robust ascending pattern, supported by higher lows and higher highs, indicating continued upward momentum. Candlestick Patterns: The recent bullish engulfing pattern suggests strong buying pressure, signaling potential further gains. Ichimoku Cloud: The price is well above the Ichimoku cloud, indicating a strong uptrend. The cloud itself is widening, which further supports the bullish sentiment. Current News and Market Sentiment Silver has recently seen increased demand due to its industrial applications and its role as a hedge against economic uncertainties. Current macroeconomic factors, including inflation concerns and geopolitical tensions, have contributed to the bullish momentum in precious metals. Long Position: Entry Point: $28.79 Price Target: $31.00 (near-term), $33.50 (medium-term) Stop Loss: $27.00 (to limit downside risk) Given the strong bullish indicators, entering a long position at the current price can capitalize on the momentum. The target price of $31.00 is based on the next significant resistance level, with a medium-term target of $33.50 reflecting potential continuation of the trend. Short Position: Entry Point: $33.50 (if the price reaches this level, indicating potential overbought conditions) Price Target: $30.00 Stop Loss: $35.00 A short position could be considered if SLV reaches $33.50, as it may indicate overextension and potential for a pullback. This approach requires careful monitoring and timely execution. Conclusion SLV is currently exhibiting strong bullish momentum driven by favorable market conditions and technical indicators. A long position is advisable at the current price with a target of $31.00 and a stop loss at $27.00. Conversely, a short position could be considered at $33.50, targeting a pullback to $30.00. The overall sentiment remains bullish, but traders should remain vigilant for any changes in market dynamics.Longby AxiomEx0
SPY to 519SPY is currently in an uptrend, and failure to break and stay above 531 will lead to a double top, which will likely see the stock come back to the 519 level.Shortby Abubakar40222
QQQ Scalping Levels 5/20Outlook - 452 is the key level to watch as it was last weeks POC and the previous days high. --If that level breaks and holds with volume then I will wait for a pullback to go long. ---If not then obviously will be targeting my downside levels. Upside Targets: * 452.73/453.26/454.09 Downside Targets: *4451.3450.7/450 Daily Trend Tracker - *QQQ+ *DXY+ *VIX- *US10Y+by QuantumEdgeAnalytics0
OIH: One Last Climb 🧗The OIH is currently working on green wave 2, which should extend to our same-colored Target Zone (between $335.63 and $353.32). Within this range, the price should complete a reversal and then gradually trend downwards. This Zone can therefore be used to open any short trades. Stops could be placed 1% above the zone. The end of the orange wave III should only be reached below the support at $250.69.Shortby MarketIntel0
Does SPY bottom this week?SPY 5/24 Levels As AMEX:SPY continues to climb and climb the bull rally has no sign of ending. We are expected to have slight weakness this week although seasonals are indicating this week is the bottom. The weekly levels are : Market Makers Hedged - Upside $536.50 Downside $521.50 Markets Expectation - Upside $535.13 Downside $524.40 Liquidity Levels - Lay at the market expectations Pivot - Yellow Box by OakFDom1
$SPY May 20, 2024AMEX:SPY May 20, 2024 15 Minutes AMEX:SPY managed to hold 527.5 as marked in char with a rectangle box. AMEX:SPY making a series of LH, LL pattern. So considering the rise 527.33 to 529.5 must hold 527.5 528 levels for uptrend. And if we take that fall from 531.52 to 527.33 AMEX:SPY need to cross 530 for any longs as it it represents 61.8% of retracement. AMEX:SPY manage to close at day high of Friday and also close near top of bar. I expect a retracement to 527 527.5 levels before trying to cross 530. On downside if 527.25 is broken, must hold 525.15 levels as it was gap up number. If gap is closed, then we need to wait till 200 averages which is around 524 levels. by RiderTrader0
$BITO LongAMEX:BITO is ready to continue to work towards the VWAP at 29.04. The MACD has crossed and the time frame continuity is strong. If it can breakthrough the VWAP of 29.04, it can make it's way into 31. The stop loss that is in place is at the 25.78 area. Bitcoin has been strong along with gold and silver making new highs. So, this one should continue to track alongside them. Longby GlennTrading0
QQQ vs a formal FED liquidity model .... QQQ vs a formal FED liquidity model .... Adds : Overnight Reverse Repurchase Agreements: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations, Assets: Other: Coin: Wednesday Level , Liabilities and Capital: Liabilities: Deposits with F.R. Banks, Other Than Reserve Balancesby JoaoPauloPires110
TNA short since march 8 red arrows short green took some profitStarting shorting march 8th see stoch rolling over. See candle stayed short following the daily stoch took some off re-shorted on and on following stoch and vol. Today I added back some shares why daily starting roll over look candle look vol. Been doing good with it. I believe we go lowerby john12Updated 4
ARK - UP then DOWN then UPARK will break out from the resistance line at $55. It'll reach maybe $90 or $100 before crashing hard (like the rest of the stock market). Rebuy in 2026 IMO.Longby brian76830
Macro Monday 47 – Major Trading Opportunities In IndiaMacro Monday 47 – Major Trading Opportunities In India 10 Reasons why you need to pay special attention to India’s economy Before I start there will be major market opportunities in India that will present over the coming 12 - 36 months in India. As an investor or trader, you cannot ignore this market. 1. India is on track to become the world's 3rd largest economy by 2027, surpassing Japan and Germany (currently India is 5th). This provides a major 3 - 5 year potential investment opportunity in Indian index funds and specific stocks in India. 2. India overtook China as the most populous nation in world in April 2024 (1.435b vs 1.425b). 3. Approximately 65% of India’s population is below the age of 35, and half are below the age of 25. In years to come this will represent a larger innovative workforce with the potential for higher productivity and increased consumer demand from this younger demographic. 4. India has the fastest GDP growth in the world. A minimum of 6% in GDP growth is expected over the next five years, separating it from both the broader emerging market cohort and from slower-growing developed markets. We noted on last weeks Macro Monday that Brazil’s GDP growth was expected to range between 2 – 2.9%, India’s GDP is expected grow at twice this rate. 5. In the shorter term India has a major domestic election concluding in June 2024. Between 1999 – 2019 India's Nifty 50 Stock Index historically tended to exhibit a positive trend six months preceding and following federal elections. A 20.5%+ increase prior to Election conclusion, 3%+ one month after election and 14.4% in the 6 months post-election. Election Season is great for the Indian Stock Market and we are right in the middle of it. 6. India has emerged as a global economic player striking deals with the US, Russian and China, having exceptional relations with all three. India actively participates in international forums and in shaping economic policies. Its presidency of the G20 in 2023 showcased its economic prowess and diplomatic finesse. This all translates into India showcasing that it is in growth mode, but more importantly, that it is economically stable, diverse and reliable. 7. According to Blackrock their emerging market ETF inflows into Indian indexes exceeded $4.4b in 2023 whilst total flows into all other EM countries ETF's combined to only $1.1b, clearly demonstrating a major influx of capital into India ahead of other EM's. 8. Indian equities earnings estimates are predicting a market with potentially prolonged and stable earnings growth. Analysts are expecting general Indian equities to post 13.8% earnings growth in the next 12 months and 14.4% in the next 18 months. Longer-term estimates call for 14.5% year-over-year earnings growth by year-end 2026. There is an incredible opportunity for TA chartist’s and investors to move into individual stock selection with the wind at their backs as the Indian Economy moves into what maybe its golden economic era. 9. Over the past two decades, India’s main stock benchmark, the Nifty 50, has offered 15.0% annualized returns in USD terms, more than double the 6.8% offered by the majority of other global Indexes and this is expected to continue. 10. India has made remarkable progress in reducing extreme poverty. Between 2011 and 2019, the share of the population living in extreme poverty was halved. This trend emulates what China achieved between 1990 and 2011 when they halved the amount of people living in extreme poverty in China. In the decade that followed China became the world’s second-largest economy, surpassing Japan. As mentioned in No.1 above, India is expected to become the 3rd largest economy in the word, overtaking Japan by 2027. Now that we have a good understanding of this major positive macro-economic trend in India, let’s have a look at some general indices where some great opportunities are present. Please note that India is firmly on my Radar now and more specific equities charts will be posted as I discover them. Ishares MSCI India ETF - AMEX:INDA The iShares India ETF is an exchange-traded fund that aims to track the performance of the MSCI India Index. This index includes large and mid-sized companies in India's equity market. Here are the top 5 holdings of the iShares MSCI India ETF (INDA) along with percentage allocations and brief descriptions: 1. Reliance Industries Ltd (8%): Reliance Industries is a conglomerate with interests in various sectors including petrochemicals, refining, oil and gas exploration, telecommunications, and retail. It is one of India's largest companies by market capitalization. 2. ICICI Bank Ltd (5.36%): ICICI Bank is one of the largest private sector banks in India offering a comprehensive range of banking products and financial services to individuals as well as corporate clients. 3. Infosys Ltd (4.41%): Infosys is a global IT consulting and services company that provides software development, maintenance, systems integration, outsourcing, and other technology-related services to clients across industries worldwide. 4. Housing Development Finance Corporation Ltd (3.76%): HDFC is a leading provider of housing finance in India. The company offers various loan products and services to individual homebuyers as well as corporate clients engaged in real estate development. 5. Tata Consultancy Services Ltd (3.23%): TCS is another major IT consulting and services company from India that offers a wide range of digital transformation solutions to global businesses across industries such as banking & financial services, manufacturing, healthcare, retail, and more. Please note that these holdings are subject to change over time based on market conditions or fund manager decisions, however this is on the 2024 prospectus. These could be good starting stocks for investors seeking to pick individual stocks in India as they have the backing of analysts in one of the largest funds in the world. The Ishares India ETF Chart SUBJECT CHART ABOVE ▫️ Price has broken to new highs and now bounced off the 21 week SMA. ▫️ A potential parallel channel break out with a target at c. $68.00. ▫️ Good risk reward on a potential trade at 4:1. Entry here at $52.97. ▫️ You could raise the stop to of approx. $50 and make it an RR 7:1. ▫️ The DSS Bressert appears to be crossing and about to move upwards but this is not a guarantee yet. This outcome would be ideal. ▫️ Price could revisit the breakout point at c. $50 - $51 which would be a more ideal entry but given the positivity in the Indian market, election season, the fact we are making new highs and are above the 21 SMA, coupled with a DSS Bressert cross looking likely, this is a very reasonable long term set up.A potential parallel channel break out with a target at c. $68.00. ▫️ Good risk reward on a potential trade at 4:1. Entry here at $52.97. ▫️ You could raise the stop to of approx. $50 and make it an RR 7:1. ▫️ The DSS Bressert appears to be crossing and about to move upwards but this is not a guarantee yet. This outcome would be ideal. Price could revisit the breakout point at c. $50 - $51 which would be a more ideal entry but given the positivity in the Indian market, election season, the fact we are making new highs and are above the 21 SMA, coupled with a DSS Bressert cross looking likely, this is a very reasonable long term set up. India NIFTY Mid Cap Select Index - $NIFTY_MI The India NIFTY Midcap Select Index is a stock market index that represents the performance of 25 mid-sized companies listed on the National Stock Exchange (NSE) in India. Stocks are selected from the Nifty Midcap 150 index based on availability for trading in the Futures & Options segment, market cap and average daily turnover. Stock weights are based on free-float market capitalization. Here are the top 5 holdings of the NIFTY Midcap Select Index along with percentage allocations and brief descriptions: 1. Indian Hotels Co. Ltd (7.1%): IHCL and its subsidiaries bring together a group of brands that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the iconic brand for discerning travelers, SeleQtions, Vivanta, Ginger, and amã Stays & Trails. 2. Persistent Systems Ltd (5.69%): Persistent Systems is a global company specializing in digital engineering and enterprise modernization services. They offer solutions in banking, financial services, healthcare, life sciences, and technology sectors. 3. Cummins India Ltd (5.65%): Cummins designs, manufactures, sells, and services diesel and alternative fuel engines, generators, and related components. They are known for their innovation in power solutions and corporate responsibility. 4. Lupin Ltd (5.40%): Lupin is an Indian multinational pharmaceutical company and one of the largest generic pharmaceutical companies by revenue globally. Their key focus areas include pediatrics, cardiovascular, anti-infectives, diabetology, asthma, and anti-tuberculosis. 5. Housing Development Finance Corporation Asset Management Company Ltd (5.21%): HDFC AMC operates as an investment management firm, offering portfolio management and advisory services to individuals, institutions, trusts, private funds, charitable organizations, and investment companies in India. Please note that these holdings are subject to change over time based on market conditions or fund manager decisions, however this is on the 2024 prospectus. The Chart ▫️ The India NIFTY Mid Cap Select Index chart is more promising than the Ishares MSCI India ETF. ▫️ There is a defined upward channel under which the 21 week SMA is providing support. ▫️We have broken recent highs, local resistance and a have a DSS Bressert Cross turning up. All three are bullish signals. ▫️A great risk reward set up is available here at 11:1. You can alter this to suit your risk tolerance or how long you want to remain in the trade. I would be inclined to lower the stop because the RR is weighted heavily to the upside. ▫️It is possible that we get a retest of the breakout area also, but given the DSS Bressert Cross and upwards momentum, I lean more directly bullish. Indian Rupee (INR) Currency Risk There is a currency risk with the second trade in the NIFTY Mid Cap Select Index as it is denominated in the Indian Rupee (INR) which has been on a long term decline against the USD since Aug 2011. If we were to move to the bottom of the current long term pennant we could lose c.5% in currency devaluation in this trade. This could happen over a couple of months, so its something to keep an eye on. Here is the INR/USD Chart for reference: Summary: There is a unique opportunity to make significant returns from one of the largest and fastest growing countries in the world. I listed 10 reasons why India's economy has major promise: 1. Projected to 3rd largest Economy by 2027 2. Largest Population in the world (since Apr 2024) 3. 50% of population are <25 years of age, 65%<35 4. Fastest GDP growth in the world at 6% 5. Election Season = 14 - 17% return historically (within 8 months of current juncture in May 2024) 6. India's presidency of the G20 in 2023 showcased its economic prowess and diplomatic finesse. 7. Three times more capital flowing into India ETF's vs other emerging market ETF's 8. Analysts predict 14.5% YoY growth in Indian Equities. 9. Over the past two decades India's Nifty 50 has offered 15.0% annualized returns in USD terms 10. In India the share of the population living in extreme poverty was halved between 2011-2019 We then looked at two India Indexes that are looking very positive and have a great risk:reward trade set ups in the $NIFTY_MI and the $INDA. We also covered off some of the indexes individual holdings as these might be worth looking at. Finally we created awareness of the currency risk that exists on the $NIFTY_MI chart. If we want to take advantage of this blooming economy in more specific and targeted ways, we will likely need to trade in the Indian Rupee XETR:INR at some stage. So we need to be familiar with the chart and the currency. We projected that it could decline by 5% against the dollar over a 6 - 12 month period so this should be factored in. This is not a prediction. It could show strenght against the dollar and break out of its downward pennant. Time will tell. All these charts are available on my Tradingview Page and you can go to them at any stage over the next few years press play and you'll get the chart updated with the easy visual guide to see how the South America market has performed. I hope its helpful. PUKA Longby PukaCharts0
INTC losing in a winning sectorSemiconductors have been strong performers and this period of the year has become increasingly strong for them from a seasonality perspective. AI is being described as one of the fastest adopted technologies of all time. So it's fascinating to see INTC continue to underperform all of its major cohorts in in the space. by Ben_1148x20
SPY and indices could be at a location for shortI have been waiting for a few things to play out before even dreaming of posting the idea of a short. But we are at a spot I will be seeing how it plays out and it may not fully trigger till next week, but figured give you heads up.Shortby alleytraderUpdated 0
QQQ: Short Trading Opportunity QQQ - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell QQQ Entry - 451.77 Stop - 460.12 Take - 437.86 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals223
SPY What Next? SELL! My dear subscribers, SPY looks like it will make a good move, and here are the details: The market is trading on 529.43 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 519.19 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals338
Asset Managers are looking at IBIT - Bitcoin thoughts - May 2024Sentiment seems to be that the cycle top is in. I disagree. The bitcoin ETFs are now opening up Bitcoin exposure to hedge funds and asset managers managing trillions of dollars, You have to ask yourself at this point, what is the likely hood that bitcoin has topped before the halving and now ETFs have opened the flood gates. I think very unlikely the bull market ends here. NASDAQ:IBIT Longby DarkHorseShelby_1
SPY - Correction?Disclaimer: This is not financial advice. Please trade responsibly and at your own risk. Optimal Entry Point: Aim to initiate a position around the price level of 515. This level is identified based on current market analysis and recent price behaviors that suggest potential profitability. Critical Resistance Zone: Watch for a clear breakdown in the price range of 507 to 510. A decisive break below this zone could signal continued downward momentum, making it a pivotal area for action. Support Levels to Monitor: 500 and 490: These levels are key to sustaining the upward movement. Breaking these levels decisively can lead to further gains. Consider taking partial profits at these points to secure gains as the price ascends. Stop-Loss (SL) Strategy: Set your stop loss slightly above 526 to mitigate risk and protect your investment from significant adverse movements. Take Profit (TP) Point: The target profit level is set at approximately 480. Adjust this level based on real-time market analysis and chart indicators to maximize outcomes. Chart Analysis: For a comprehensive understanding, please refer to the detailed annotations and technical setups provided on the attached chart. This includes analysis of historical data, trend lines, and potential indicators that justify the trading strategy. Trading Tips: Monitor the market conditions closely for any changes that could affect the proposed strategy. Adjust your SL and TP based on market volatility and new information. Ensure your trading decisions are aligned with your overall investment goals and risk tolerance. Trade carefully and monitor market conditions regularly to adjust your strategy as needed.Shortby meitshelUpdated 3
VXF Technical AnalysisVXF - The price is currently at a weekly supply zone. It might surpass $176, but then I anticipate a pullback of at least 5% to 7%. The initial support is at $160. If $160 fails to hold, there's a possibility of a sharp decline to the $140 price zone.by Wormhole0070