Horizon: 1-2 months Target: $350 Technical analysis The current correction reached more than 90% of the previous movement. Such values are standard within the uptrend and mark its continuation. Fundamental factor The Home Depot is an American retailer that is the world's largest retailer of repair tools and building materials. The U.S. Consumer Confidence...
Horizon: 1 month Target: $190 Potential of the idea: 20.41% Entry volume: 10% Stop order: $148 Technical analysis The upward trend continues, the entry on the correction is relevant. With the volume of the position of 10% and placing a stop order at $148, the risk on the portfolio will be 0.62%. The profit/risk ratio is 3.29. Fundamental factor The Boeing...
Top notch stock in the best group in the market right now (solar). Holding up well during the recent pullback in the broad market. It won't be able to buck the trend forever, but if the market as a whole begins to bounce or even just stabilize itself, it could allow this (and the other solar stocks) to really take off. The other two solar stocks on my focus...
I think I have found a pattern of growth and consolidation of the economy and thereby of the stock market, where growth happens for almost 16 years and then it cools down for another 16 years. Growth Phase 1 - 1948 - 1968 After World War 2 from 1948 there is huge growth in the world economy causing the SP500 to surge hugely from a low of 14.5 in 1949 to 108 in...
ZM broke its rising line of higher lows this past week as if it is selling in anticipation of earnings. A number of overhead resistance levels to contend with. But I think it will live below the 135ish area for quite some time.
Setup - simple base breakout after a solid 70% move off the lows followed by 5 weeks of consolidation. Earnings during consolidation were below expectation. However, after a slight selloff, shares were gobbled back up and volatility was squeezed out right below the breakout level. Half size because the broad market is running a bit hot and could be due for a...
Fundamentally we all know that RIVN was overvalued from day one and was in many ways a poster child for the growth at all costs movement of 2020/21. However, after shedding 80% of its value perhaps it is finding some interest. Like most growth names it has picked up in recent weeks but still faces overhead supply on any large bull run. All that said I have...
Watching the 3 mo and 2 year very closely. I think this is an indicator for a recession and not the 2 and 10's because it shows more that the short term risk is outweighing anything mid term. Everything is is wishy washy with definitions now a days lol but this is going to be the icing on the cake for confirmations. Looking at the dollar strength we had a little...
AMZN has been making an ABC correction since the 188 ATH. The decline was very fast once it failed to hold the 150 volume profile zone. It has retraced exactly to 101, the 0.854 FIB of the 82 pandemic low to ATH. There was a little bounce but AMZN basically is just hovering around the 2016 TL while consolidating inside my red box without breaking the downtrend...
The ARK Innovation ETF (ARKK) is the poster child for growth appetite in this market environment. It's been left for dead in a cascade of selling throughout 2022, but most recently, it's been showing some relative strength, bottoming price action, and is in the process of breaking out to 2-month highs. As long as ARKK is > 46.50, the growth (risk on) trade is on...
INVESTMENT CONTEXT In the wake of robust demand despite mounting recession fears, Saudi Aramco hiked its crude oil prices for Asia's market to near record on July 5. In August Arab Light crude price will sit at USD 9.30/boe above the regional benchmark For the first time since May 11, WTI crude oil fell below USD 100/boe. According to Citigroup, oil price...
Please refer chart for detailed explanation on technical analysis . Find buying opportunity at/near support zone. If you think my analysis is helpful than please do like my idea. For future reference do follow me so that you do not miss any of my analyses. You can also check my other analysis where we achieved 15 to 20% return in short term. Link is shared...
Please refer chart for detailed explanation on technical analysis . If its breaks 600 level than there are chances it will go down to support 1 and 2 If you think my analysis is helpful than please do like my idea. For future reference do follow me so that you do not miss any of my analyses. You can also check my other analysis where we achieved 15 to 20%...
INVESTMENT CONTEXT S&P 500 Energy Sector has registered 10-trading day decline dropping by 23.7% as fears of recession and lower demand pushed traders to liquidate longer-dated positions On June 23, all 33 of the U.S. biggest banks, some of which considered as systemically important, successfully passed the Fed's annual stress tests, confirming their...
INVESTMENT CONTEXT Fed Chair Jerome Powell confirmed the key priority of the Fed is bringing down inflation, even while acknowledging that monetary policy can't address critical components like food and energy. Powell also a stated a recession is “certainly possible,” but not in the near term as the U.S. economy remains “in good shape.” Turkey's central...
Don’t expect TSLA to break above 800 in the very short future. If we take the May 2021 yellow box fractal as a guide, the volatility range this 3Q will be between 540 & 800 or even until Oct or Nov of 2022. WHY LOOKING BEARISH: Even Elon himself is preparing for a downturn by reducing labor force. On the technical side, since breaking below 800 in early May2022,...
INVESTMENT CONTEXT Analysts sharply raised the probability of a recession, while the Fed announced its support to yet another 75bps rate hike in July A worldwide measure of people’s inflation expectations over the next year was more than 4% in May, up from 2.3% a year ago Russia cut 60% of natural gas supply to Europe via Nord Stream 1 pipeline; cuts...
US10Y TNX may be topping out. It is both a measure of economic activity & inflation expectation. So is the economy starting to slow down or is inflation slowing down shortterm? It will take years for inflation to come down. If the FED can pull inflation down to at least 4% in a soft landing, it will already be a big success. Stagflation (rising inflation in a...