Amazon stocks are going up this year with solid 52.29% year-to-date gain, that is currently the 9th largest YTD result over all components of Nasdaq-100 ( NASDAQ:NDX ) index.
Work hard, Have fun, Make history - And You're Done! - This is the official tagline of Amazon in 2023.
The slogan refers to Amazon’s dedication to innovation and service enhancement....
Overheated market trends showing a bull market is basically my findings. I have not held into positions, long or short, going into this last surge. I had a relatively promising month in January and decided I would just end it on that note.
Trends into today are;
Last Macro Trend Signal Spots (ES Contract)
30m - 4925 Downtrend (1/31/2024) Lower Low
1Hr - 4933...
This market just keeps making new ATH almost every day for last couple of weeks.
Also Russell 3000 finally made ATH earlier this week.
Level to watch: 4922 - 4924
Report to watch:
9:45AM: Chicago PMI
2:00PM: FOMC Announcement
Previously in the Series..
👉 Launch of BTC futures on December 18, 2017
Bitcoin is down more than 10 percent in a week and crashed 80+ percent in a year.
👉 Launch of trading on Coinbase IPO NASDAQ:COIN on April 14, 2021
Bitcoin is down more than 10 percent for the week and crashed 50+ percent for the quarter.
👉 Launch of AMEX:BITO - the first fund based on...
Sentiment is in hype
fractal point of view :
higher timeframe top
lower tf top
max price in my opinion 495
look how vix behave this days, spy close green vix also close green.
American company Alphabet Inc. two days before has published a quartrely statement and announced an increase in net profit and revenue in the second quarter ended in June.
In addition, the company said its chief financial officer, Ruth Porat, will take over as president and chief investment officer of Alphabet and Google from September 1, 2023.
At the same time,...
**Hello all, Im here to add some insights to the trading view community. I run options and stock programs out of trading view which give intraday bull and bear probabilities and support and resistance levels based on options chain data
Looking at SPY, I see a Support level at 485 and the open interest difference between calls and puts are the highest there ( over...
This morning market has been trading High, as earnings season is on its way.
Any test of ETH session HIGH could provide direction for the day.
Level to watch: 4922 --- 4924
Report to watch:
US:EIA Petroleum Status Report
10:30 AM ET
It's been a while since I updated followers on the SP/ES. I recently moved my daughter to Spain after graduating from college...so my wife and I are really just getting used to an empty house.
Nonetheless, let's get into it.
First and foremost, the primary circle B wave will be taken off the chart, and that clears things up for us. Why does it clear things up?...
So I chose to cash out my trade at 4760 for about $2250. Trends have a huge case to send us lower, especially if the 6hour keeps signaling lower. All the trends between 30m and 4hr are ALL in a lower low downtrend at the moment.
The trends are as follows;
Last Macro Trend Signal Spots (ES Contract)
30m - 4778 Downtrend (1/17/2024) Lower Low
1Hr - 4761 Downtrend...
The Australian dollar has been taking a bath. It’s gone from buying 71 US cents at the beginning of the year to netting you just 63.3 US cents against the benchmark greenback.
The dollar is down over the last year against most currencies, and down over the past few weeks against almost every currency.
The humble Aussie dollar is suffering in particular against...
The S&P500 (SPX) index has been trading within a Channel Up pattern since the December 07 low and is currently on the 3rd Bullish Leg towards the top (Higher Highs trend-line). The basic Support is the 4H MA200 (orange trend-line) which has (nearly) held twice this month, with the 1D MA50 (red trend-line) right below being the separator between a medium-term...
Called for buys last week, and it paid off!
This week, more of the same.
Wait for the pullback, an +FVG to form, and look for valid buys.
Leave me a comment, as I like to hear from my viewers! Thank you.
May profits be upon you.
So many bulls and bears are stating their cases on social media as to whether or not a bottom is in so I thought I'd take some time today to examine what a daily bottoming process looks like using SPX.
Standard & Poor's 500 was created in 1957 and since then it has gone through 9 bear markets (Defined as a GREATER THAN 20% decline on a CLOSING basis). 2022...
S&P500 may be overbought on the 4H timeframe (RSI = 72.835, MACD = 15.590, ADX = 49.520) but not yet on the 1D technical outlook as the price hasn't yet made a HH on the two month Channel Up. The 4H RSI does show us though that it is starting that HH peak sequence as it can start a LH trendline like December 14th. We are expecting this wave to peak on a +5.55%...
So far this year market has been trading in a range.
It could also be a sign of distribution, time will tell.
Level to watch: 4782 ---4784
Reports to watch:
US:EIA Natural Gas Report
10:30 AM ET
US:EIA Petroleum Status Report
11:00 AM ET
Overnight, multiple Chinese stock markets established new lows, setting the negative tone for the European trading session and futures markets in the United States, with all major U.S. indices diving into the negative territory ahead of the regular trading hours. So far, the SPX has failed to get through the psychological resistance of $4,800 and establish new...
