AAPL is the last big tech to break, pulling down QQQ & SPY with it. In this weekly chart, it just broke the green WMA50 line & also the upchannel. It seems to be making a M-pattern already with a lower high & a lower low thus confirming the downtrend. Despite a big relief rally bouncing from 140 zone last Friday, I think AAPL may still go down to my green...
The rush to bonds by the big funds will be breathtaking. As you may or not know I have been extremely bearish on big tech for a few months, now we are seeing that come to fruition. This chart is qqq divided by bonds (bnd etf). As this comes down, it indicates that bonds will retain or gain value vs tech. This may be the most important financial rotation in our lifetime.
This chart shows how the extreme selling over the past few weeks has deleveraged/revalued the US/Global stock markets to near extreme lows. Historically, once this indicator falls below 25, the markets appear to be near extreme capitulation of any selling event. Obviously, extreme market trends could push this level below 25 for longer periods of time, but...
Did AAPL just made a higher low? It is the only major tech stock that is preventing the index from falling. Will it hold the blue upchannel or be the last one to break down after this FED BULLTRAP? AAPL is now trading between WMA 20 & the green WMA 50 in this weekly chart. Monitor carefully these 3 impt zones: 1) Yellow Alert Zone: If AAPL holds 155 the WMA 50 &...
FAANG stocks have reverted more than 15% recently - attempting to find support. My predictive modeling systems are suggesting the markets are still holding a long-term bullish price trend (for now). Even though the short-term price trend is bearish, pay attention to how this "revaluation" process is playout out and how the strength of the US Dollar results in a...
FAANG reached its H&S target move exactly at the 0.786 Fib Retracement level around12.50. This is also The bottom of my slanted pink FIB CHANNEL. Most of the stocks in FAANG are still profit machines despite rising rates & inflation, maybe except FB & Netflix which recently pulled FAANG down a lot. If earnings come out A LOT BETTER than analysts’ projections, this...
Hello Enthusiast Stock Traders! Here's Long-Term Outlook for GOOGL, Support the Channel by Smashing Follow & Like Button, also Share your opinion on the comment section below! GOOGL has rejected the bullish trendline and kept moving above the ema90, the price action indicated a continuation of bullish trend. Furthermore, GOOGL formed the falling wedge pattern, We...
Asian markets remain looking heavy as the HSI and Nikkei Daily timeframes press lower. The US has been more resilient to negative news and remains focused on inflation and interest rates. The question is how much of the good news ie/ strong economy and bounce from pandemic lows has been factored in to price action in the US. If the US start to take a hit, then...
The above chart show's the daily time frame of FXCM's FAANG Basket. We are using a triple EMA system to assess trend. The short-term green EMA > intermediate orange EMA and the intermediate orange EMA> the slow red EMA (blue rectangle). We note that NFLX reported last week and that the rest of the FAANGs (FB, AAPL, AMZN, GOOG) will report this week. Following...
The price in FAANGs stock didn't break up EMA 20 but confirmation is needed for supports breaking down of EMA 60, 23 fibonacci level and blue angle line. RSI is weak at 37.3 points likely a down trend continuity.
NFLX, similarly to AMZN, likes to consolidate for long periods of time prior to large explosive moves. If you're still risk on, keep Netflix on your radar. It's nearing a breakout on the weekly timeframe from a consolidation period just over a year in duration. Similar weekly breakouts of clean patterns would be ADBE and HD with their 1W Bull Flags leading to...
Traders, FAANG (Facebook, Apple, Amazon, Netflix and Google) share basket is forming a hidden pattern which can push these stocks down. However there are certain conditions that we must have. In this top down analysis we see how Fibonacci Confluence Pattern (FCP Pattern) is forming a zone which can create a massive trade opportunity. If you are invested in any of...
Very large double top here. The second peak occurred during the record breaking earnings, and still the stock rejected new highs and swung lower. If we see a trend line break, this can tank hard. Inflation, Interest rates, supply chain problems, Fed tapering, are all risks to come. Upside seems very limited with the downside simply a lot steeper.
Resistance last year on the same trend line many times on weekly then rejected in July hard, followed by a giant green candle to break through. Look like it’s support now. This week will be important.
Big data firms are the new social media platforms that see massive revenue growth. The market needs to come to terms with the possibility that Palantir’s revenues can quintuple until FY 2025. As the market understands Palantir’s long-term revenue and growth opportunity, the stock will appreciate. I think this is the next company that needs to be...
Whats up guys Well we saw these pennants break out with google, facebook, microsoft. Apple is next. Targeting a return to 140s by September with a test of upper trend line by July. Good for swings. Great for a long hold. I would recommend getting in this. The bottom trend line has held multiple times now, this company only shows future potential for growth with...
Since the COVID march 23rd sell-off, we have not closed below the 100ema for over 2 days. There has been 7 successful pullbacks. Tomorrow we could witness failed breakdown to shake weak hands placing tight stops, so I recommend entering with smaller positions that you usually do.
I tried to compare the 2020 Telsa bull run vs apple during the dot com crisis what if we are in an EV bubble that is comparable to the dot bubble? could we predict how it will go this time? as we saw in 2000, the internet was intended to become a great thing, but not yet. what if the EV is intended to become a great thing, but not today? maybe in 20 years from...