📊 Market Sentiment: Neutral to Bearish U.S. Jobs Report (January 2024): Significant job additions indicating robust economic activity, potentially affecting Fed's interest rate decisions. Federal Reserve's Interest Rate Decision (January 2024): Rates held steady, with future cuts indicated, impacting investor sentiment and market strategies. Innovation...
Uber Technologies Inc. (UBER) has seen significant growth in the past year. The ride-hailing and delivery platform’s shares have skyrocketed 111% in the last 12 months1. This return not only far outpaced the broader Nasdaq Composite index, but it also means Uber is now hitting fresh all-time highs1. Here are some key points to consider for a long position in...
When we looked at the Volatility Index (VIX) on our November 07 2023 analysis (see chart below) we compared it with the S&P500 index (SPX) : The S&P500 has reached the top of its Channel Up, while the VIX bottomed and is consolidating on a price action that is very similar to the July 27 2023 Low, which was the former Higher High of the S&P500 Channel...
📊 Market Sentiment: Neutral to Bearish Economic Positivity vs. Recession Risks: Ongoing discussions about potential economic slowdown amidst optimistic indicators. U.S. National Debt: Concerns over $34 trillion debt and its sustainability. Gold Prices: Driven to all-time highs by geopolitical tensions, banking uncertainties, and Fed's interest rate...
Good evening and i hope you are well. Markets went sideways today, as was expected and laid out yesterday. We are forming many triangles, which means that prices are converging and we get a break out soon. Bears tried a bit but bulls bought it, which confirms my thesis of higher prices. I still expect a bit more sideways movement. If i had to guess, i’d say we...
S&P 500 starts sideways into initial balance. Levels I keep an eye on for today: Previous Day High: 4975,29 Previous Day Low: 4907,99 Upper BB (1): 4994 Lower BB (1): 4922
The S&P500 index (SPX) has reached the top of the long-term Channel Up pattern that started on the October 13 2022 market bottom. This development is a strong sell signal on its own but it gets even stronger as the 1D RSI has been within a Channel Down since December 19, while the price was rising within a Channel Up, which is a technical Bearish Divergence. The...
1. Liquidity and Investments: An increase in M2 typically means there is more liquidity in the economy, as consumers and businesses have more cash or cash-equivalents at their disposal. This excess liquidity can lead to increased investment in stocks, including those in the S&P 500, driving up stock prices. 2. Economic Expectations: A growing money supply can...
Disney, a global entertainment conglomerate, has been facing challenges in recent years. The company’s traditional revenue streams, such as theme parks and movie theaters, have been hit hard by the COVID-19 pandemic1. Furthermore, Disney’s streaming service, Disney+, while successful, is facing stiff competition from other platforms like Netflix, Amazon Prime, and...
Short Thesis: PayPal’s stock has been underperforming due to increased competition and growth concerns. Despite the company’s efforts to reinvent itself through AI-based products, it’s uncertain whether these initiatives will be enough to regain investor confidence and compete effectively in the rapidly evolving fintech landscape. Therefore, there could be a...
After looking over and fine-tuning my analysis for SPX over the past few months, I think I've calibrated things as good as they will get for now (barring any new, major developments which would force me to re-adjust my wave count). SPX has been on a tear from 1877 to 2022 for a very large Grand Supercycle (a 5 wave move lasting more than 100 years). Though...
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📊 Market Sentiment: Neutral Federal Reserve's Steady Rate: Maintaining rates signals a balanced approach towards inflation and economic growth. Tech Sector's Performance: Upcoming earnings from tech giants could sway market direction significantly. 📝 Today's Recap: Interest Rate Decision: The Federal Reserve's choice to keep rates unchanged points to a...
SPY ETF Approaching Critical Resistance Amid Bearish Signals The SPDR S&P 500 ETF Trust (SPY) has been a focal point for investors seeking exposure to the broader equity market. However, recent indicators suggest a potential shift in sentiment as the ETF nears significant resistance levels, hinting at a looming bearish turn. As of late, SPY has been on a...
S&P500 is only a few points away from hitting the HL trendline of the long term Channel Up (started on the October 13 2022 Low). That would be the second time to test the patterns absolute Top. The 1D technical outlook is on standard bullish levels (RSI = 67.767, MACD = 49.570, ADX = 38.770) but the 1D RSI in particular has formed the very same pattern it did...
If this breaks to the upside people aren't going to comprehend what's happening. Money Market Funds All Time High ☑ DXY strength start to revert (fall) ☑ Federal Reserve required to cut rates to save the treasury debt death spiral ☑ Inflation in the meantime (contained) ☑ Noticing FOMO from people in TradFi + Retail start to pick up ☑ Record number of ETF's...
Amazon stocks are going up this year with solid 52.29% year-to-date gain, that is currently the 9th largest YTD result over all components of Nasdaq-100 ( NASDAQ:NDX ) index. Work hard, Have fun, Make history - And You're Done! - This is the official tagline of Amazon in 2023. The slogan refers to Amazon’s dedication to innovation and service enhancement....
This trade is the start of a fall for SPX. There is a pattern on H4 and multiple signals for us to sell this trade as it is Non-Farm payroll tonight, and I believe it will be the start of an economic crash based on the data and the analysis of the technical side. Stop loss should be above 5020, and the target of 4840