- NASDAQ:NVDA still lead bull in the NASDAQ:SMH sector you can see AMD already has been dropping - NVDA clear resistance 280 rejected multiple times - SMH holding above its weekly support, 13 cents away from breaking on Friday. - NASDAQ:MSFT and NASDAQ:GOOGL ER Tuesday AH will drag SMH which everyway the earnings come in.
- Fed minutes Wed 2pm EST - CPI Wed 530 EST - PPI Thursday 530 EST - added initial positions for AMEX:SOXS looking to add more if we get flat or lower CPI data then 5.1%. shorting the NASDAQ:SMH / NASDAQ:SOXX sector. - we have been tightening up in an equilibrium since last Wednesday will very likely break tomorrow. - NASDAQ:QQQ / AMEX:SPY will be...
- AAPL downtrend resistance key level 166.84 zone - GOOGL closed right at resistance 108.63 zone - AMZN close at resistance 102.12 zone - QQQ closed right at resistance zone 317.89 -318.23 - Earnings coming up soon for XLF financial sector - Sold my SOXS today and took profit this morning back to all cash
- Does QQQ hourly oversold mark the bottom of the daily consolidation low or bear take it lower tomorrow? - March 28 hourly oversold on QQQ marked the bottom of that consolidation and we had a large bounce. - SPY closed around yesterdays lows which is in the resistance zone - took profit on my SOXS this morning re-added on the hourly bounce. SMH/SOXX still...
- Yesterday's video i talked about SPY very likely having a pull back into this resistance zone - now daily consolidation is on its way for SPY, will QQQ join - looking to see if bulls will be buying up that hourly time frame oversold RSI, and market the low of the daily consolidation. - Still holding my SOXX short - SOXS 3x leverage ETF
- $SPY and QQQ has been rotating around and currently not a lot of signs of bears. - if money is rotating around sectors that means there's no fear and money isn't all leaving the market. - But the market has ran up quite a bit so I am watching for a pull back and daily consolidation. - taking a short on the SOXX/ SMH sector, added SOXS
- SPY QQQ gapped up again but ended up closing within todays trading range, unlike yesterday bulls have a strong follow through after open. - PCE Data tomorrow morning 5:30am PST - QQQ closed around key daily resistance. - End of the quarter and month rebalancing tomorrow will bring lots of volatility - Will XLF / KRE join team bull or QQQ / SMH join team...
The SMH is triggering a intra day topping formation. This is likely to play out as money roates out of the overbouhgt tech/ semi space. NVDA, AMD are some of the leaders already showing weakness today. If Semis fall they will take this market lower.
- Looking for a hourly Bear flag on SPY and QQQ after this huge move down. - XLF and KRE top watch to see if we break fear lows/52 week low. Fear would likely come back in if we do break the lows - looking for SOXX/SMH to go from lead bull turning into lead bear - Rate hikes is a head wind more for QQQ then SPY, so after Powell saying no rate cuts this year, we...
Nvidia has outperformed every mega cap stock there is. Clearly leading the way to the upside i think once NVDA tops it will lead the marekt lower. NVDA is now trading at a 148PE, making it more expensive than the previous 2021 high.
- QQQ double topped with Tuesday top, had a 15m bull flag during consolidation with no red flags until mid morning. - XLF increasing bear volume with zero bounce and very notable big money exiting. Fear creeped into the market - VIX up 20% - QQQ went from lead bull to bear when all sectors starting to drop at the same time after XLFs huge drop. dragging SPY...
John was an avid investor in the stock market, and he had been closely following the semiconductor industry for some time. Lately, there had been a lot of hype around artificial intelligence, and this had caused stock prices in the industry to soar. The technical formation of the chart looked good, and John had seen his investment in the semiconductor industry go...
Bearish penant formed on the 1HR for AMEX:SOXL . Looks like a break out after hours and should confirm when Open. RSI divergence is also present in recent hours. Measured flag pole downwards tags the macro trend/flag that's formed on the daily.
Nvidia just put in a reversal signal on the Daily chart as it hit major resistance. This semiconductor has been a powerhouse mover and has single handily been lifting the Semis sector higher. Now that this stock may show some near term sell pressure we could see the sector as a whole pullback. The only thing that Im being mindful of when it comes to NVDA is...
On the 15M chart, SOXL and price are approaching the resistance zone at 13- 14.5 While it is possible that resistance could break, the pattern of the past two months is that it will not. Accordingly, instead, I will watch for a reversal bounce off resistance for a swing trade short to the downside targeting the point of control line ( dark green ) inside...
Look at this respect!! SMH tagging long term trend line and pulling back. Also a perfect double bottom on SOXS.
its really plain that this chart is not bullish. the last time we retraced over half a bounce we fell to the lows and made new lows. that means new lows for the broader market. i see an upside of 4% and a downside of 11%. i like selling any rip on large cap semiconductors by buying soxs.
0.382 fib level and resistance, if it wants to go to 0.6 ill keep adding shorts again