In a normal less volatile market (ie; a full on bull market) double bottoms are a nice spot to re enter or scale bigger long.
In this market after yesterday's big down day (flag pole) and today's sideways chop with real indecision you lean into the larger pattern on cash only session charts (bear flag).
Fully expecting SQQQ to attempt to hit the last remaining...
long term buyers love this area where they keep to DCA (dollar cost average) as we can see this huge influx in vol i will look to long to take it back to top of range with profit taking levels at 104 and 113.99
I multiplied the less risky Dow and Spy while dividing it with a multiple of bio, the Russel and Ark. This shows a clear shooting star candle in development this month which should signal much greater future gains in higher risk stocks and an end to this pullback in the market.
You can see that we had nice rallies the last two times that this has happened on...
Quick note... a good friend asked me about Tencent. Given the developments recently, as well as over the past year.
There was some regret in not buying during the dip, but it was about risk management in catching a falling knife IMHO.
Missing the boat is also another feeling, and it is perhaps something dangerous to feel when looking at charts.
So, this is...
One of the most important, yet consistently underappreciated, aspects of technical analysis is the concept of relative strength.
As a portfolio manager, one must be held accountable to some type of benchmark. And thus, if we want to outperform said benchmark, we most own things that are outperforming the benchmark! Participating in trends and capturing...
The dead cat bounce only lasted a couple of days, and it gave way soon and very quickly yesterday (pre-market). This breakdown was with decent downside momentum, and was also off the 50% Fibonacci retracement level, as observed in the 4H intraday chart above.
By projecting forward using simple geometric extensions combined with Fibs, 10,800 is the next downside...
Another down week in the NASDAQ, as expected. PReviousl expectations were generall in line, although how things panned out were more volatile... bearish for NASDAQ IMHO.
The weekly chart looks even worse now than previously, and it is not about breaking below 13K conclusively. It did a swooping technical rebound, only to be a dead cat bounce, where the next...
the gann fan and log view with broadening wedge indicates stock is trending toward long term support. if we cant close over the 4/1 monthly its probably headed for that lower trendline. were at horizontal support so a bounce starting here would probably head for the 2424 area. closing above the mid 2400s and we could head for 2988 where TRAMA is currently hanging...
NVIDIA
Short Term - We look to Sell at 179.80 (stop at 197.51)
The primary trend remains bearish. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Further downside is expected.
Our profit targets will be 141.02 and 130.00
Resistance: 180.00 / 190.00 / 200.00
Support: 170.00 / 160.00...
Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations.
Trading at 66.2% below our estimate of its fair value
Revenue is forecast to grow 26.26% per year
The NASDAQ (and other equities indexes) closed the week on a strong rebound, having reached a lower support (11700). The resulting weekly candlestick is one with a long lower tail, suggesting a possible test to regain the 13K level.
The daily chart closed the highest for the week, and similarly projects a somewhat cautious bullish outlook for the incoming week. I...
Get ready for support to be found over the next week or two as the fear of risks seems to be subsiding.
Yes, the Fed is threatening more rate hikes, but the markets have already revalued substantially over the past few weeks given the broad global market collapse and the -25% collapse in the NASDAQ.
Traders need to start thinking about "what comes next"? My...
Microsoft is under a lot of pressure right now and it looks like the bears are more likely to take control. Next possible downside could be 10% down from here. Buckle up! - HH
A deep correction from here could allow us to reset before making a true generational market top. I will elaborate more in attached posts, but just a possible idea for price path from a 3-5 year perspective.
aapl at inflection point of support/resistance on the chart after creating a weekly higher low will it confirm old resistance as support and bounce or breakdown and make new lows so i am looking for it to hold the 50 ema on the weekly for any possibility for upside if we break that and are trendline support drawn on the chart i will have downside pts at 145 and...
BAD NEWS here... for many, not all.
The NASDAQ followed through with the heavy downside momentum, and broke below 13,000! Worse, it closed the week below the 13,000 (and the 12,900 intraday buffer set out earlier).
The weekly chart show nice long candles that end the weeks very close to the low or at the low, showing the continued downside momentum that is not...
if critical support provides meaningful buy volume and we close the week near the highs then semiconductors, and the broader market could exhibit a bounce here towards lower 36s. if we see another wave of selling down at these levels were probably blowing through that support on the weekly trending toward upper 16s taking the market with it as semiconductors are a...
