The tech heavy NASDAQ100 index reached a major resistance level , the 1.618 fib golden level . I wouldn't buy now if you ask me , but that doesn't mean that you could open short position , especially with the trillions printed by the FED . I'm Neutral now .
Tech is leading but the leadership in tech has been narrowing even further in the last month Apple and Facebook shares are outperforming - while the rest of the FAANG - Amazon, Netflix and Google are under performing. One possible trade is a to assume a return to the mean - ie the laggards pickup and/or the winners pullback The other takeaway is that the market...
Much has been said about Big tech five's dominance on Nasdaq and S&P500 and how grossly valued NDX is. People often don't realize that big fives generate a good portion of their revenues oversea so technically their TAM is the entire world. Furthermore, internet, IT service and e-commerce industries are less impacted by Covid-19. Also, over the last 12 months,...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
On its earnings report today, Microsoft reported better-than-expected earnings and guidance, but issued first-quarter revenue guidance slightly below the Wall Street consensus. The poor revenue guidance was partly, but not completely, offset by slightly better-than expected guidance for first-quarter operating costs. Overall, the magnitude of the earnings beat was...
Anyone with a good explanation, comment below.. Keep in mind of the scale of the sales. the (A) is in $millions of $ and the (B) axis are in $billions (000's) The (Z) Axis represents a % gain of the FAANG index.
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
This is the FNGU ETF at the 4 hour. It's a 3x leveraged ETF for mainly big tech. Well, FATMANG stocks make up over 40% of the NQ - possibly more by now. This is one of my favorite ETFs to swing trade and scalp. The channels are aligned with the NQ channel that I published. FNGU found support at the middle of its channel... just like NQ. I am not sure how far...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil Code used for marketcaps : // This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org // ©...
NASDAQ:FB one may use this pullback for going long.
The technology-heavy Nasdaq index has been greatly outperforming the S&P 500, as investors flee to the relative safe haven of technology stocks. However, tech stocks have gotten fairly expensive, and it's hard to see more investors piling into companies like Apple or Microsoft as these companies close their retail locations. I think tech will continue to...
Hello Everyone! Amazon stock is among the ones have benefited more during the pandemic, price is up 50% since the bottom in March and divergences started to appears in many timeframes from 1H to W. I expect the divergence will be effective perhaps sooner than later, despite the strong uptrend, and price to retrace below its 50 sma, likely to hit the previous...
Hello Everyone! we have left FB after a double top at 241 area and a RSI divergence on the daily chart, what has happened this week ? The divergence is still in place and the price seems has built energy for a new attempt to area 241 as the lower price of the retracement of 11th June has not been overcome. Let's see if the price will break new highs or will be...
Hello Everyone! We have left GOOGL ready to break resistance at 1440 and fill the gap at 1478 but see what happened : price has bounced on 20 sma and break resistance, but in the end the high of the candle of 10th June was 1472....than it came back and didn't fill the gap....in my opinion this is a short term bearish signal. Yesterday Nasdaq was down 5,01% and...
Hello Everyone!. NDX first close above 10000 points, Facebook is now at its high, but...what do we see looking at the chart? Is this a double top? High of the day at 241.20, previous high at 240.90, the question coming up to my mind is it might be an area where the price has been already rejected two times and might retrace towards 20 sma to breath in before...