semiconductors, tech, and the market could make a technical bull case for itself. im not ruling out the shot at a big comeback in 2023. if we turn a sellsided equillibrium to a breakout this is what a weekly reverse head and sgoulders could look like.
its really plain that this chart is not bullish. the last time we retraced over half a bounce we fell to the lows and made new lows. that means new lows for the broader market. i see an upside of 4% and a downside of 11%. i like selling any rip on large cap semiconductors by buying soxs.
I don´t like what I see on monthly basis and so am I still bearish for 2023. We have seen a turbulent 2022 and big tech companies have lost more than 50% ytd. Following the trend line from 2009 on, I would say it is not a surreal idea of the NASDAQ going back to 7000 pts. the chart, history, indicators and current economic global situation is providing good...
we are at the low end of top anchored vwap. if we get over this pivot and support meaningfully we could see a test of sss moving average or signal around upper horizontal and gap close. if we remain beneath and resist with sss signal and qqe staying red id look for that lower horizontal.
After last year's massive heat damage to Canada's fruit crops , there were some cherries I bought at the farmer's market from British Columbia that looked totally fine by any reasonable inspection. Whether you squeezed it, touched it, looked at it, smelled it, or cut it open, everything appeared to be fine. But once you bit into it, it had this twisted, sour...
Slowly making it's way to 125 and then the green box. I had this drawn out when aapl was 170+ and has now been cut into a slice going towards the zone.
AAPL/USD Daily cautiously bearish. *AAPL has just experienced a Death Cross (50 MA below 200 MA). Equities and crypto are both down again, as fears of a recession are currently being amplified by low unemployment + low growth + inflation and a very hawkish (and fashionably late) Fed.* Recommended ratio: 25% AAPL, 75% Cash. Price is currently trending down...
As you can see, International Business Machines NYSE:IBM 💾 has been in a very long period of consolidation. Reasons why this big pennant is incredibly bullish beyond the chart. 1. IBM has everything to prove and the recent earnings beat gives support to this emerging idea of "there's no choice but to succeed". 2. It's been ugly in this bear market, but IBM...
AAPL/USD Daily neutral with a bullish bias. *With China loosening their Covid-19 restrictions/lockdowns and planning QE (via a digital Yuan airdrop ) in the coming weeks, fears regarding supply chain constraints' potential negative effect on Apple product demand for their next market cycle is starting to subside. Additionally, Apple announced a new $90b share...
PLTR/USD Daily cautiously bullish. *It's become rather apparent that even after an 85% drop from its ATH, investors still aren't done selling . Taking a closer look at their financials and it's clear that they are a tech growth company that intends to be here for a while but face the reality that they may be operating in a high interest rate environment for a...
TWLO/USD Daily neutral with a bullish bias. *Twilio has fallen 81% from its ATH ($457.65) and is approaching the end of a massive Falling Wedge from March 2021.* Recommended ratio: 55% TWILIO, 45% cash. Price is currently testing the lower trendline of the Falling Wedge from March 2021 at $100.65 support. Volume has been shrinking since early May as Price...
I think Apple has finished a 40 year bull move and is currently in the middle of a correction that will retrace 50% minimum. Target is 91$ and possibly to the $70's. Nobody will want to believe it, but it is happening. It will happen something like this. Fall to 116-118$. Bounce to $150. And then the C wave will take it below 100$ to my targets.
the gann fan and log view with broadening wedge indicates stock is trending toward long term support. if we cant close over the 4/1 monthly its probably headed for that lower trendline. were at horizontal support so a bounce starting here would probably head for the 2424 area. closing above the mid 2400s and we could head for 2988 where TRAMA is currently hanging...
Back at the end of 2018, I made an attempt to call a longer term bear market for big tech. Linked below are some of those posts. I was new to markets, and all I did was look at the chart. Even back then, the charts for Apple and Amazon looked ridiculous, but now it's undeniable that they've seen parabolic growth. This is the AMZN chart zoomed further in, where you...
Well, well, well, this is precisely what I was talking about in my post about big tech. This is just a short post, showing some levels. These overheated stocks are finally getting a taste of profit-taking. Netflix managed to actually break below its 200 week moving average. If Google does the same, another 50%+ drop is possible. On the conservative side, Google...
The market peaked in Nov and is in Bubble-Bust-Mode. DXY is breaking out upwards from a multi-year consolidation. Looking back to the DotCom Bubble and comparing NASDAQ to DXY, DXY broke out near the equity peak and reached its peak when NASDAQ was near bottom of the crash. It's not a perfect correlation in shorter time-frames, but close enough that it may be...
QQQ bear scenario .. QQQ would have to close below 319 which I don't think it will after finding support there now. LVLS near 280-295 would be a great long term bottoming area in the tech names if we get any further downside due to slim possibility, poor reaction to FED decision this upcoming, or from no more QE in markets. 334 to the upside will be our next...
people like amazon for a lot of reasons. i like it for its typical intraday technical strength. when markets and big tech take a hit this thing goes down hard, but it comes back juat as hard and uaually ends up higher. i like the idea of a bounce here.