SPX Daily neutral with a bullish bias. Recommended ratio: 55% SPX, 45% Cash. * BULL TRAP WATCH . META missed on both earnings and revenue estimates in addition to seeing their first drop in revenue growth; they predict that this trend will continue in Q3 and perhaps the rest of the year. Fed announced a 75bps hike today and Chairman JPow iterated that we aren't...
In my opinion, Amazon has completed (or is about to complete) a full market Supercycle: Impulse Wave (I) and Corrective Wave (II). What I would anticipate would be for Amazon to accumulate during the recession and then emerge out of it with Supercycle Impulse Wave (III).
SPX Daily bullish. Recommended ratio: 90% SPX, 10% Cash. *Equities, Cryptos, Metals, Oil, Treasuries and EURO are slightly up today as DXY and VIX continue their market correction. Equities continue to go up on fading concerns of a recession paired with more strong earnings ( Tesla beat on both earnings and revenue ) but face a week of anticipated volatility...
SPX Daily neutral with a bullish bias. Recommended ratio: 55% SPX, 45% Cash. * June Housing Starts came in lower than May (1.591M) at 1.559M and under the consensus estimate of 1.58M, implying that the housing market is starting to cool off as new home buyers appear to be increasingly fearful of a "technical" recession this year. June Building Permits came...
🤔On Friday Twitter will release it's earnings report so we can expect a lot of volatility that day. 🤔From technical point of view we have trendline that is acting like resistance and we have 32.00 level that is acting as support. 🤔Take a look at the volume at top. A lot of people entered into long positions when they heard that Musk is buying twitter . Now, that...
Event: On Wednesday we have earnings report from TSLA. Since it's one of the biggest companies on the stock market and it's market cap is 1/3 of all cryptocurrency market, it will be interesting to see what news will bring us Technical analysis From technical Point of View we are trading in a range, shown on the chart with bold lines. On top we have local...
SPX Daily neutral with a bearish bias. Recommended ratio: 45% SPX, 55% Cash. * US June Retail Sales was reported this morning and beat the consensus estimate (0.8%) by 0.2% coming in at 1%; compared to last month's retail sales number of -0.1%, it's reasonable to suggest that consumer demand is returning after six consecutive months of shrinkage (Jan 2.7%, Feb...
SPX Daily neutral with a bearish bias. Recommended ratio: 35% SPX, 65% Cash. *Money markets continue struggling to find a bottom amidst high and rising global inflation. CPI report comes out tomorrow (07/13) at 830am (EST) , market consensus is around 8.8% (8.6%-8.9% range); if it comes in on the high end or higher, a sell-off will likely ensue. The next FOMC...
SPX Daily neutral with a bullish bias. Recommended ratio: 52% SPX, 48% Cash. * June CPI report is scheduled for release at 830am on 07/13 and the consensus estimate is 8.8%, if the number comes in higher than that (which many pundits are predicting) then a market sell-off is to be expected. The Euro continues to bleed as it approaches parity with USD for the...
SPX Daily cautiously bullish. Recommended ratio: 69% SPX, 31% Cash. * The US Jobs Report came out this morning and 372,000 jobs were added in June which essentially recovers almost all of the jobs lost due to the pandemic (~23m) , the unemployment rate remained at 3.6% for the fourth month in a row. A technical recession is defined by the combination of...
SPX Daily neutral with a bullish bias. Recommended ratio: 63% SPX, 37% Cash. * FOMC minutes were released at 2pm (EST) today and the main takeaways were: the Fed is committed to price stability and maximum employment and will take on a even more restrictive stance if inflation isn't tamed; they are most likely going to raise 75bps unless CPI comes in lower...
We are looking at a move to the upside of this long term channel, I would expect to reverse back down within 12 days
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I was just going through the chart and market history and decided to share my thoughts on the current market situation. We can definitely see that the stock market is tumbling to the floor. But the big question is, where shall this end? Everyone is eager to know the answer so we buy the dip. The chart above is a weekly chart. NAS100 continues to break the lows...
Teva is running in Descending Channel at a daily timeframe, also Teva was able to make Rising Wedge at 4h timeframe, while we can see sell signals in MACD & RSI Indicators. Rising Wedge's 🎯 Target 🎯: around 8$ 🔴 Heavy Resistance zone : 11$ until 10.3$ Teva Pharmaceutical Industries Analyze, 4h Timeframe (Log Scale) Do not forget to put ...
Month MITSUBISHI UFJ FINANCIAL GROUP INC big volume green I think that pullbeack
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. Please consult your financial advisor before taking any trade.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. Please consult your financial advisor before taking any trade.