AI technology has been recognized as the new future since the end of 2022. The rapid advancements in AI and its stock prices sparked debates regarding the sustainability of its current valuations. Indeed, AI technology has a long runway ahead, but like all journeys, it will eventually encounter a bend. In today's tutorial, we are going to study its fundamental...
Today, we will discuss how to apply inter-market analysis effectively. While there are numerous analysis methods available, I find comparing the index, an influential stock, and a smaller yet actively traded stock to be effective in projecting what is coming ahead. Let's make some interesting observations in the tech market, focusing on the Nasdaq Index, the...
Tech stocks have been soaring, but can this outperformance be sustained or will this artificial intelligence (AI) driven boom mimic the internet explosion and subsequent bust of the 2000-2002 period? Today, gains in the sector are concentrated in large companies like Nvidia and Meta, with year-to-date (YTD) returns standing at 225% and 148% respectively,...
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of the Nasdaq 💪 Looking at the macro view on the monthly timframe you can see that at the moment the Nasdaq is retesting massive resistance of the 10+ years rising channel formation so I do expect a monthly push lower. With...
Description: In the chart above I have provided a semi-macro analysis of SPY that compares ongoing market rally and past rallies within the range of 420 & 360 Points. Points: 1. Price Action is fast approaching 420 Resistance that has been indicative of a turn around for past 4 rallies that failed to break the 420 LEVEL. 2. First 2 rallies under the 420...
Looks ugly but based on the economic headwind we look to be setting up for the next few years, this looks more and more likely.
Is anybody with me on this one? Just throwing out this idea of a 5 wave downwards structure bringing us exactly on top of pre corona highs. Valuations would be insane when we would actually go that low. MASSIVE buy imo. Keep that cash ready, if you as me atm. I'm in 70% cash atm, rest is in beaten down tech/growth and some big tech Stay safe
Just the current situation of Apple . Nobody can pick the bottom, so i post this as neutral, just as an overview of how the stocks looks at the moment. Stay safe!
Just the current situation of Apple. Nobody can pick the bottom, so i post this as neutral, just as an overview of how the stocks looks at the moment. Stay safe!
A triple measured move of the first wave down, would bring us exactly down to test the pre corona all time as support... This is nowhere near a prediction, just some autism TA :-D That wave rallye we would be close to see at the moment would be very juicy though.. almost 20% rallye before we get that last nasty selloff...
The market peaked in Nov and is in Bubble-Bust-Mode. DXY is breaking out upwards from a multi-year consolidation. Looking back to the DotCom Bubble and comparing NASDAQ to DXY, DXY broke out near the equity peak and reached its peak when NASDAQ was near bottom of the crash. It's not a perfect correlation in shorter time-frames, but close enough that it may be...
DraftKings is getting wrecked again and now tumbling towards that one major support at 13.30 Look left what happened when we broke that support once If we hold that for real though, maybe one could roll the dice on DNKG to the upside
Nasdaq broke the recent correction lows and closed right at session lows. If we just saw the first wave of a correction, and after that, the relieve rallye to the 50retrace, we now might be poised for the second leg down. Copy the first leg, measure it from the high of the relieve rallye and you end up retesting the old ATH at 12k, what clearly is a major...
Bubble burst mode engaged. It'll be back to reality for most equities. Speculative garbage and big tech has the most air to be let out of the balloon. MSFT is a great large growth company but a price/revenue ratio of 12+ is insane, it has to fall quite a bit to be a good buy.
This is a great example of how a Head and Shoulders pattern looks like! $12100 is my first target! If you are interested to test some amazing BUY and SELL INDICATORS which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
NVDA failed to hold above $600 and didnt breach the $610 target for entry. With the market mid-pull back and tech weaker than industrials and financials, Im on the sidelines waiting to see buyers step in it and hold above trend support.
A ratio chart divides the value of the Nasdaq 100 by the value of (S&P 500+Dow 30+Russell 2000). The large spike in the blue line to the left illustrates how the NQ became so overvalued in relation to the S&P, the Dow, and the Russell. If the ratio pulls back, I would say it may find its balance around the lower red line, after retracing the recent parabolic...
Nvidia and AMD have both enjoyed immense popularity by the stimulus packages, the runs in Bitcoin and derivative/competing crypto currencies, as well as a newly found gaming community brought on by the COVID-19 lockdowns. Looking at NVDA's history, and especially since they have talked about releasing the RTX3060, their "consumer" 3000-series card, as...