Pt 1 QQQ SPY & 7 MEGA Cap Tech & Natgas Gold Analysis
NASDAQ:TSLA , I like trading this stock when it’s trending up. I am not good at short selling, so I simply do not do it. I’m looking at a couple of possible support areas on this chart. Of course, there is no guarantee that these areas will hold. Tesla is clearly in a down trend a well below the 20 Day EMA. I will be watching these areas closely for a reversal...
Without regard to market noise, newsand other rumblings on the 1H chart with two sets of anchored VWAP bands overlaid QQQ hit the upper bands about about July 19th. On the retracement of about 35%, price is now in the range of the mean VWAP line of the short-duration anchored VWAP and the first upper line of the longer duration anchored VWAP. IT is also...
First real pullback in progress flagged by bearish divergence with RSI in July/August. Where does this end? Even the “crash callers” are looking for a bounce so maybe a little more to go before a B wave starts 🌊 $NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX ...
I have to say that Palantir is a really difficult chart to read. On the one hand, looking at monthly bars, it's the kind of pattern which indicates new highs are in store. Weekly bars are about the same. Nothing about this says you can short. And its only that there's some divergences on the daily. But those divergences are really meaningful. However, at...
Apple has really been, perhaps arguably, the key reason the bear market rally has been as extreme as it has in 2023. Looking back to January, there really has not been even a single genuinely bearish day. But with Q2 earnings as a catalyst, we now have signs of a genuine and significant reversal pattern, and at an all time high. It's very evident on monthly...
HE has been slaughtered on the pending investigation that they may be at fault for the Hawaii fires. Unfortunately this is terrible for the state and families involved. Were here to make money: is there may be a large dead cat bounce or even a generational buying opportunity?
Disney has seen its largest divergence from the s&P500. What is this telling us? Is this a rare phenomenon buying opportunity or is the Disney stock dying?
PYPL has been a slow grinder lower. Each time it gains momentum it somehows manages to lose it. The only positive thing about this chart is the long divergence that is occurring between price & RSI. When will this divergence bear fruit? Anyone's guess but you do have it on the daily, Weekly & Monthly time frame.
The S&P500 is becoming oversold by a 2 standard daily deviation band. We can likely expect a small bounce, but the question is bearish or bullish consolidation.
part 2 of QQQ/SPY Commodities & 7 Mega Tech Stocks
part 1 of QQQ/SPY Commodities & 7 Mega Tech Stocks
Greed quickly became extreme at the end of July, and the beginning of August has severely punished bulls, who are still buying the dip and buying the dip. The July high on Nasdaq happened to occur along with the Dow and the SPX in that all three indexes swept out the January '22 pivot that amounted to a rejection that ended that unprecedented bull...
Last week's SPX call was pretty accurate in terms of levels. What was wrong was only the order of operations and timing. ES SPX Futures - Welcome to FOMCmageddon I had felt it made sense for the market maker to sweep out the lows before taking the highs, but the plan was the opposite, and this actually adds credence to the theory that the markets are...
Primary Chart: TSLA on Weekly Time Frame with a Downtrend Line from the All-Time High and Fibonacci and Measured-Move Levels Preliminary Comments TSLA is poised to stall soon, perhaps into July 21. By definition, a stall does not necessitate a crash or major trend reversal (at the primary degree of trend). A major reversal downward (crash) is always...
I have an open call on the Nasdaq NQ CME Futures that theorizes that the markets may have topped in terms of the perpetual bull run, but that we may also get a rip back towards/at new highs. Nasdaq NQ - Is It Time To Sell The Rip? The process has been quite slow to play out so far, but the most dangerous thing for bulls with NQ is that 15,000 has not yet...
The risk in #stocks is still not to the upside. Took a trade before this rally, but that's it, a trade, already done too. Lower low today, still expect to be positive for the day, but until we get some sort of reversal, the risk is still to downside. TVC:DJI AMEX:UDOW NASDAQ:NDX is trying to find a bottom but here's not best place. Very light support. ...
Analysis: As Macro PVVM and Micro PVVM decline, the close price of NASDAQ:PYPL also drops from 73.43 to 59.47. This decline corresponds to the bearish momentum shown by both metrics. The sharpest price drop occurs between 2023-08-02 and 2023-08-03, where the close price goes from 73.2 to 64.18, corresponding to a significant drop in both Macro and Micro PVVM...