Recently one of my followers posed a question for us so I wanted to share my analysis into Netflix and where I see it could move. It goes without saying but please don't use this as financial advice, DYOR and this is only shared for educational purposes.
For months I have been saying on here that the bottom is in for Bitcoin we will not see lower than 17.5k, the whole year I had been on point with every macro move until this week. I still believe that the bottom would have still been in if it wasn't for FTX black swan ,below you can have a look at that TA , which is now invalided . Everything was going...
Stocks have benefited immensely from the CPI print on Thursday which showed that inflation is cooling slightly and therefore may signal a dovish pivot soon in Fed rhetoric. Stock indexes have all rallied accordingly. The S&P 500 is currently at the door of the 4000's. We are testing one level below 4009 at 3978. A red triangle on the KRI does seem to suggest...
The S&P 500 has rocketed after October's data suggests that inflation is weakening. CPI came in at 7.7% against an expected 7.9%. The markets are looking for any excuse to anticipate a weaker Fed policy, and a tapering in rate hike trajectory. Yields have fallen dramatically and risk on assets are flying. The S&P 500 blasted off from 3749, through our relative...
Stocks have edged higher, but appear to be leveling off. Election uncertainty will be lifted as results of the 2022 midterms keeps pouring in. The markets are not as concerned in election results as most think, but we may see a small rally now that they're over. The Kovach OBV has flatlined, which could suggest that stocks will hold their course. We have seen...
Stocks are incrementally ticking up, with the S&P 500 gradually testing higher levels. We are currently testing 3825 or so. Multiple red triangles on the KRI suggest that we are heading into resistance. The Kovach OBV is gradually trending up still, but we will need to see more momentum come through if we want to test relative highs at 3925 or so. If we...
Stocks are edging higher, currently testing 3782, a level we have mentioned several times before. This follows a precipitous selloff, as the reality quashed hopes (as it so often does) of a dovish pivot in Fed policy. We collapsed from the 3900's almost 200 points, and found support at 3694 or so. We are currently seeing a tepid rally that is running into a lot...
Stocks have edged lower. We have broken through 3758 which we anticipated as a strong support level. We are getting intermediary support from 3714, confirmed by green triangles on the KRI. The Kovach OBV has slumped, but does appear to be rounding off as the S&P 500 finds supprt. If we dig deeper, 3627 will provide further support. If we are able to pivot,...
Reality crashed the party with stocks yesterday, as we have been predicting here. The FOMC event was still quite hawkish despite the market's anticipation that we would see some softening in rhetoric. This caused stocks to tank yesterday, with the S&P 500 falling through multiple levels to find support at 3758. European equities have softened which could...
Stock indexes have pulled back from highs with stronger than expected construction and PMI data putting a damper on the markets' hopes that the Fed will taper their hawkish stance. These hopes were never really justified in the first place, so it was only a matter of time before reality set in. The S&P 500 inched above our level at 3909 and then fell back to...
Stocks have crept up, after rejecting highs at 3909. We had a brief retracement yesterday, which quickly found support and the S&P 500 was able to tick up past 3909, making a new relative high albeit barely. Several red triangles on the KRI suggest that we are running into stiff resistance at these levels. The Kovach OBV has slumped, so we will see if we have...
Can Meta recover as NFLX is already done? After 75% correction NFLX recover nicely. Aprox.170 days downfall and another 170 days to recover. META is lagged and this fractal can show us the future of META. Remember that every big correction can be a great opportunity. Learn to analyze everything you are buying and investing. !Not financial advice.
The S&P 500 has edged higher, after a brief retracement from 3887. We seemed to reject this level but found support just above our level at 3758. Dedicated readers will remember that we anticipated support here in previous reports. From there we pivoted nicely and broke through the previous high of 3887 to reach our target of 3909. The Kovach OBV is climbing...
This is a potential scenario unfolding for the NAS100 in the next 6 to 10 months. I think it would be too easy just to short the white resistance line . What is more likely to happen is price breaking that area and triggering a fomo rally to 0.5 or 0.618 before starting its next leg down. If this does happen then we could see a 44% drop from all time high down...
The S&P 500 has shrugged off Amazon losses, pivoting just above our level at 3758. Amazon has given up $trillion status as weak holiday spending as forecasts project the weakest holiday sales growth quarter ever. We will see if stocks can continue to rally, as a red triangle on the KRI is confirming resistance at current levels. The price action is rounding...
Stocks have rounded off, but still edge higher despite disappointing Microsoft guidance , Meta malaise, and general tech sector weakness. Goldman Sachs is bullish on a recovery for Microsoft, and it is one of the only AAA rated companies on the planet. These facts have weighed on the indexes, but have not contributed to much of a sell off yet. If earnings...
The S&P 500 has rallied off increased expecatations of a Fed tapering after housing price data came in negative. Additionally, Coca-Cola and GM posted earnings results yesterday suggesting that there is hope for some companies feared to be hit by inflation. Be careful trading this, as the markets have been fooled before, and we will need to wait for forward...
Stocks have continued to edge higher, though they are looking quite weak. We were able to break past 3792, but the very next level at 3810 is providing significant resistance. The price action rounding off, and red triangles on the KRI are confirming resistance. Additionally, the news sentiment remains bearish, so at some point we are likely to face a swift...