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Palo Alto Networks: Pullback Follows New All-Time HighPalo Alto initially climbed to a new all-time high, but the upward momentum soon faded, leading to a notable pullback. However, we expect the stock to recover soon and, as part of the magenta wave (3), break through resistance at $232.29. The following waves (4) and (5) are also projected to develop above this level, further fueling the ongoing upward trend. That said, we still see a 37% chance that PANW will instead complete (or has recently completed) turquoise wave alt.B below the $232.29 mark. In that scenario, wave alt.C could trigger sell-offs to a new low for magenta wave alt.(2) , though support at $139.18 should remain intact.
NASDAQ:PANW
by MarketIntel
eBay: Confirming Wave [ii] Top Right on ScheduleeBay rallied once again to test resistance at $101.15, but quickly reversed with sharp sell-offs, confirming the top of magenta wave in a timely manner. Since then, the stock has moved as anticipated below the $86.36 level and now appears poised for further declines as part of wave . The subsequent wave- corrective move higher should remain capped below $86.36, allowing wave to complete turquoise wave 1 at a lower level—though still above $55.96.
NASDAQ:EBAY
by MarketIntel
Texas Instruments: Extending DeclinesDespite some interim countermoves, Texas Instruments continued to see further sell-offs, advancing our primary scenario. Currently, we still see additional downside potential in magenta wave (3) before expecting a temporary rebound in wave (4). With wave (5), TXN is likely to dip into our beige Target Zone between $130.04 and $107.75, completing the broader correction of beige wave IV. There remains a 30% chance that a new (corrective) high in green wave alt. could still materialize, delaying the end of the correction. In this scenario, price would first move above resistance at $221.79 before reversing at the higher $240.67 level.
NASDAQ:TXN
by MarketIntel
Take-Two: Momentum Fades, but Recovery ExpectedTake-Two’s upward momentum has faded recently, leading to a noticeable pullback. However, we expect the stock to rebound soon and resume the corrective advance of beige wave b, moving closer to resistance at $292.66. At that point, the stock is likely to reverse course and begin a green downward impulse, which should ultimately finalize the correction of blue wave (II). We have identified a blue Target Zone between $107.47 and $46 for this significant bottom.
NASDAQ:TTWO
by MarketIntel
Texas Instruments: Rebound Underway, But Downside Still in PlayTexas Instruments initially continued its decline but has recently shown early signs of a rebound. Nonetheless, we still see greater downside potential in magenta wave (3), and expect the broader bearish magenta impulse to ultimately extend into the beige zone between $130.04 and $107.75. Should a new (corrective) high occur in green wave alt. above $221.79, it could temporarily postpone the anticipated sell-off. However, even in this 30% likely scenario, price would likely reverse no later than at the higher resistance level at $240.67.
NASDAQ:TXN
by MarketIntel
Vimeo | VMEO | Long at $3.87Vimeo NASDAQ:VMEO provides a cloud-based platform for video creation, hosting, and sharing - primarily serving businesses, creators, and enterprises for professional video content management. While NASDAQ:VMEO has a **lot** of competition, it is a rather "healthy" company: Debt-free (a rarity out there...) Maintained profitability over the last twelve months, with a healthy gross profit margin of 78% Earnings are forecast to grow 34.76% per year [*}Revenue growth rate through 2027 is projected at 5.36% (modest) Adjusted EBITDA guidance raised to $35 million, up from $25-30 million Upcoming product developments, including AI-powered features and new SKUs, are expected to drive further growth Insider bought over $868,000 in shares in the last year at an average price of $5.04 Subscriber growth is a concern... From a technical analysis perspective, the stock price is currently near the bottom of my historical simple moving average bands. This region is typically an area of consolidation. The two open price gaps below the current price on the daily chart (down to $3.38) will likely get closed in the near-term before a move up. I do believe this is a risky investment, though, given the competition and economic headwinds. I would not be surprised if the market flipped and took this down near or below $1... But, if one is going purely by what the company reports concerning fundamentals and general growth, this is an undervalued stock in the $3 range. Thus, if the insider/company hype is true, NASDAQ:VMEO is in a personal buy zone at $3.87 - with near-term risk of the stock dropping to close the price gaps on the daily chart down to $3.38... or below. Targets into 2028: $5.00 (+29.2%) $6.40 (+65.4%)
NASDAQ:VMEOLong
by WorthlessViews
Texas Instruments: Second Leg Down CompleteTexas Instruments has experienced sharp sell-offs, leading us to confirm the top of magenta wave (2). This suggests that the stock has completed the second stage of the ongoing magenta downward impulse. The current wave (3) still presents significant downside potential in the near term. After a brief recovery in wave (4), wave (5) is expected to reach our beige Target Zone between $130.04 and $107.75. A new corrective high in green wave alt. above $221.79 could delay this process. However, in this 30% likely scenario, TXN should reverse course at the latest by the $240.67 level.
NASDAQ:TXN
by MarketIntel
Zscaler: BalancedZS has seen buyers and sellers largely balancing each other recently, preventing any significant moves in either direction. As a result, we continue to place the stock in a corrective rally as part of the magenta wave , with its high anticipated above the $259.61 resistance. However, if the price falls below the $153.70 support, the ongoing corrective structure will extend further, with the turquoise wave alt.X establishing a new low. This alternative scenario carries a 35% probability.
NASDAQ:ZS
by MarketIntel
Take-Two: Continued Sideways MovementSince the beginning of February, Take-Two Interactive has been moving mostly sideways with a slight downward bias. Currently, the ongoing beige wave b should continue upward, driving the stock into the beige Target Zone between $241.59 and $257.87. There, this corrective rally should conclude, setting the stage for a sharp downward move. However, if the stock breaks below the support at $135.62, this will signal a premature correction low of the blue wave alt.(II) in the blue Target Zone between $107.47 and $46. We assign this scenario a 33% probability.
NASDAQ:TTWO
by MarketIntel
1
Adobe: In Our Target Zone!The ADBE stock has continued its downward movement, heading directly toward the center of our beige Target Zone (coordinates: $449.61 – $331.93). With this range now reached, the minimum requirement for the ongoing correction has been met. However, our primary expectation remains that the price will engage more extensively within our Zone, as we anticipate the bottom of the beige wave x to form deeper within it. Once the low is established, we expect the subsequent wave y to resume the upward trend and surpass the resistance at $640. There, the larger blue wave (b) should be completed as well.
NASDAQ:ADBE
by MarketIntel
1
Cloudflare: ResistanceBy expanding the green wave 3, NET recently stretched above the resistance at $117.70. However, the stock only briefly surpassed this level before encountering selling pressure, which pushed it back to its early December levels. Primarily, we expect the price to overcome this resistance to complete the green five-wave structure and, thus, the orange wave iii. A still ongoing wave alt.ii correction remains a possibility in the context of our 30% likely alternative scenario.
NYSE:NET
by MarketIntel
Red Flag in Tech: SMH vs. QQQ Breakdown Signals Potential Introduction: Despite the bullish seasonality currently supporting the market, a concerning signal is emerging from a key driver of this stock market rally: the ratio between semiconductors NASDAQ:SMH and the Nasdaq 100 NASDAQ:QQQ . This ratio serves as a critical gauge of tech sector health, as the major tech and AI players fueling this bull market rely heavily on semiconductor innovation. Analysis: Tech Sector Health: The SMH-to-QQQ ratio has historically been a strong indicator of tech sector momentum. When semiconductors outperform, it signals strength and optimism in the broader tech sector. Conversely, underperformance by chip stocks raises concerns about the sustainability of tech-driven rallies. Emerging Concern: Currently, this ratio appears to be breaking down from a rounding top formation—a bearish signal. If this trend persists, it could lead to increased market volatility, potentially as early as year-end or into early 2025. Market Implications: For the bull market to maintain its momentum, this ratio needs to reverse course soon. Semiconductors are not just another tech subsector—they are foundational to the AI and big tech themes driving this rally. A continued breakdown could dampen market sentiment, impacting broader indices. Conclusion: The SMH-to-QQQ ratio is flashing a warning signal, with a potential breakdown that could lead to increased volatility in the near term. However, chip stocks still have time to recover and restore market confidence. This ratio will be a crucial indicator to watch as we approach the end of the year. Will chip stocks regain their footing, or are we headed for a turbulent 2025? Share your insights below! Charts: (Include relevant charts showing the SMH-to-QQQ ratio, the rounding top formation, and support and resistance levels) Tags: #Semiconductors #Nasdaq #TechSector #SMH #QQQ #MarketTrends #TechnicalAnalysis
NASDAQ:SMH
by Richtv_official
Tech on the Edge: SMH vs. QQQ Signals Caution Amid Bull MarketIntroduction: While we remain enthusiastic about the strength of the current bull market, emerging signs of stress in capital flows warrant a closer look, particularly in the tech sector. One key metric to monitor is the ratio between semiconductors (SMH) and the Nasdaq 100 (QQQ). This ratio acts as a barometer for tech sector health: when SMH outperforms QQQ, it indicates a risk-on environment; conversely, QQQ outperforming SMH raises caution flags. Analysis: Tech Sector Barometer: The SMH-to-QQQ ratio has historically been a reliable indicator of momentum in the tech sector. Outperformance by SMH reflects strong demand for semiconductors and broader tech health, while underperformance signals potential concerns. Emerging Concern: Currently, we’re observing the potential development of a rounding top formation in the SMH-to-QQQ ratio. While this formation isn’t confirmed, a breakdown below key support would validate it, signaling broader weakness in the tech sector. Critical Inflection Point: For now, chip bulls must take control and push this ratio higher to maintain sector strength and prevent a broader pullback in the market. Failure to do so could signal a shift in sentiment and increased vulnerability in tech stocks. Conclusion: The SMH-to-QQQ ratio is at a critical juncture, with the potential to dictate near-term momentum in the tech sector. While the bull market remains intact, any confirmed weakness in this ratio could signal broader vulnerability in tech stocks. Will chip bulls step up to defend the sector, or are we on the cusp of a pullback? Share your thoughts below! Charts: (Include relevant charts showing the SMH-to-QQQ ratio, the potential rounding top formation, and key support levels) Tags: #Semiconductors #Nasdaq #TechSector #SMH #QQQ #MarketTrends #TechnicalAnalysis
NASDAQ:SMH
by Richtv_official
Qualcomm: Target Zone Ahead!While many tech-sector stocks are aiming for new highs, QCOM remains locked in a narrow range around the $170 level. Last week, the stock initially reacted to the 23.60% retracement and now hovers near the edge of our blue Target Zone (coordinates: $159.57 to $121.52). Our primary expectation is for the blue wave (IV) to extend further below the support at $151.39, where we anticipate its low point. Technically, a direct breakout to the upside is also possible, as our Target Zone – and thus the minimum correction threshold – has already been reached. If the price decisively breaks above the resistance levels at $193.84, an overarching alternative wave count will come into play (probability: 33%).
NASDAQ:QCOM
by MarketIntel
Zscaler: Wave (2) Correction! After a rapid rise in early September, the ZS stock managed to reach the highs from August, but there was no significant acceptance at this level. Structurally, the upward movement isn't sufficient for us to consider wave (2) as completed. So far, the bullish signals lack a clear impulsive character, and we expect new lows during the magenta wave (2), which should primarily end above the support at $84.93. Once a trend reversal has been initiated, the subsequent wave (3) should push through the resistance at $251.45. According to our 33% likely alternative scenario, this could also happen directly.
NASDAQ:ZS
by MarketIntel
1
Semiconductors vs. Nasdaq: Key Indicator of Tech MomentumIntroduction: The ratio between semiconductors NASDAQ:SMH and the Nasdaq 100 NASDAQ:QQQ serves as a key indicator of tech sector momentum and near-term risk sentiment. When SMH outperforms QQQ, it signals a "risk-on" environment, reflecting strong demand for semiconductors and overall tech sector health. Conversely, if QQQ outperforms SMH, it suggests a "risk-off" environment, pointing to concerns over weakening chip demand. Analysis: Risk Sentiment: The SMH-to-QQQ ratio provides insights into tech momentum. A higher SMH performance often indicates robust chip demand, a positive signal for the broader tech sector. On the other hand, when QQQ outperforms, it signals caution, possibly reflecting waning demand for semiconductors. Bullish Outlook: Recently, the SMH-to-QQQ ratio has formed a higher low, reinforcing a bullish outlook for semiconductors. This higher low is a positive sign not just for the semiconductor industry but for the broader market as well, as semiconductors often lead market rallies. Conclusion: The recent bullish signal in the SMH-to-QQQ ratio suggests tech sector strength, with semiconductors likely leading the way. This is a critical metric for assessing near-term market momentum, so traders should keep a close eye on this ratio to gauge potential shifts in sentiment. What’s your take on this trend? Feel free to share your thoughts in the comments! Charts: (Include relevant charts showing the SMH-to-QQQ ratio and the higher low formation) #Semiconductors #Nasdaq #TechSector #SMH #QQQ #RiskOn
NASDAQ:SMH
by Richtv_official
QQQ in correction - How low will it go?QQQ lost the 20 day SMA yesterday. History shows that there is a very strong probability that it will go lower. Today say it hold at the support of the AI-based rally over the last year or so. It broke through that the other week, but then we say the strong rally. I noted back then that it felt like a dead cat bounce counter rally to me. Looks like it is proving to be true. It is going to be tricky knowing where this one will stop. I previous posts I noted that red trend line a critical level and that is where we saw the dramatic bounce start from. I am sure where this one will stop. QQQ is usually very bullish and the second of two corrections can often be less than that first. I am looking at that red trend line again, the 200 day SMA, as well as the center of the trading channel.
NASDAQ:QQQShort
by Dr_Roboto
What's going on with QQQ and Tech?Here is what I have been tracking with my technical analysis. What we saw since the end of July is the AI bubble losing its momentum. What happened? You can see on June 24th where price gaps up above the long-standing blue trading channel from 2009 that contained trading from 2009 until the 2020 bubble. You can see it gap down back into the blue channel on July 24th. It found some support on the mid-line of the longer running black channel from 2009 that includes the covid bubble peak. Then we got a test of the blue channel resistance on August 1st with a very strong rejection. Then the bottom dropped out to break below the AI rally purple channel. Where are we now? The morning open on Monday saw a test of the red trend line with a strong rally to back above the 200. We saw a test of the previous purple channel with a high wick on Tuesday. Today (Wednesday) saw a strong rejection of the channel, where it looks like support has now become resistance. We saw the high wick touch the orange price line around $449. The good news is that the 200-day SMA is showing support again. Where are we going (this is my guess)? It looks like the market is trapped between a rock and a hard place. I think the 200 day and the red trend line are going to give QQQ support as long as there are no other panics. It is unlikely that the AI momentum will be coming back either. I think it is going to drift sideways for a few days before picking a direction. This means it may bounce up and down between the purple channel and the 200-day into next week. You can see the red down channel that has now formed. If we do get a counter rally then I would expect it to stay inside the channel. That would leave us with a potential another leg down. The RSI is only a little into the oversold range. How far? My guess would be either the red trend line again, or maybe even farther to the center of the blue channel. We get down that low, then I have a bunch of cash to go long. I just can't see why QQQ would rally back to ATH now. There is way too much uncertainty now, but markets are irrational. I could see QQQ working back up the underside of the purple channel until the end of the year, with a lot of up and down action. I really do think that there is a bigger pullback sometime in the next several months. The market is just running close to the top of the decade plus trading channel and the AI bubble may finally become deflating some. I believe that we will see a touch of the center line of the blue channel in the next few months, which could be Nov or Dec time frame. That will give us a lot more room to rally and make some good money.
NASDAQ:QQQ
by Dr_Roboto
2
QQQ --- AI Tech Bubble Keeps GrowingRight now, not much seems to be stopping the bubble in Tech. You can see we broke above resistance on June 11th and have not looked back. I was expecting some form of test of support, like back in July 2020, but instead any pullback has been bought up. Volume is low and that means that everyone is long to go along for the ride. If we get a run up like back in August 2020, we could top out at the $550 range. We are in the region of extra hard to predict what will happen next. Without a clear reason to sell, this can keep going. I would expect to see some form of profit taking that could make for a bigger pullback, but so far nothing. I think the saying "The Market Can Remain Irrational Longer Than You Can Remain Solvent" comes to mind. I am curious if we are in for a case of "buy the rumor, sell the news" when it comes to interest rate cuts. Maybe this will keep going up until we actually get a rate cut. 1D
NASDAQ:QQQLong
by Dr_Roboto
3