Fundamentals, technicals and sentiment aligned for a massive top in the ratio of US Tech Stocks vs the Broad Market here. Positioning and expectations of traders, hedge funds and everyone were shocked recently, with a massive rotation towards value stocks and commodities that caught everyone off guard. All the alpha collected during the year for Jim Simmons funds...
Ok boyz, so you guys are strong believer in momentum, you've ran your backtests on US Sectors and fund out that with a roughly 55% probability the best performers of last year will be the best performers of the next year. So you are still long tech like crazy and believe the FAANG stocks will keep rising. However what does financial professionals like to do? They...
No promises on this one - I can't. This is one to watch. Tech stocks have been in a bit of a problem, not benefiting from hopes of a vaccine for COVID-19. After all, tech was feeding off the pandemic in various ways. Tech and the virus are basically friends. So if the vaccine would limit or kill the pandemic, that's not good for tech stocks in general. We're...
BABA has recently been beaten down by bad news losing almost 20% of it's entire value in just over two weeks. This puts us past a simple correction and may indicate participants are looking for a new price level and new technical structure. The bulls did a great job on the way up (since March) however they did not technically build out a lot of trend support....
At this point, MSFT isn't providing much clarity. We've formed a descending wedge that the bulls absolutely crushed through, unfortunately the bears came out and pushed priced back down into the pattern. This was a big loss for the bulls as they were looking to get control of some major trendlines. Now we're sitting at the bottom of our trendline support. I've...
What do you think? As long as previous high not taken out, changes of pull back downwards is likely... #shadowingthebigboys #trading #forex If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Tradingview...
Banks and oil companies up Tech (social media, e-commerce) down Sell the news? is more stimulus coming now after we have vaccine? what will Fed do?
In this video we have a bullish ABCD pattern. Remember this pattern.
Vaccine Update: PFE announced extremely positive results today. Sending ZM plummeting and disregarding the current technical trend. This isn't surprising as the value of the stock was highly speculative on the uncertainty of our future and covid. Now we are entering a phase called "price discovery" This is when price action searches for an agreed price between...
I hope you all are having a wonderful Saturday. This is an attempt to give context to recent price action, and a technical analysis chart to support the theory. My goal is to get thought provoking ideas that may help to give some context on what we are experiencing in the markets. NASDAQ:QQQ
Hi All! Spotted something I wanted to chart out for you all to see. Quick Update: Since we had our huge sell off in September, we really haven't traded much between 286 and 291. Sure, we did fill in the gap between between Oct 15th and Oct 19th but when we look at the larger time frame, we realize we've only traded in that area just 4 out of the last 65 trading...
To help understand the technical analysis. I've also added a volume profile to the right side to show how many contracts have traded in a certain area. When there is low liquidity at certain price levels, price can easily jump that price into a new range, in our cases we created a few gaps. What happens is usually price will retrace to those levels to fill them...