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SPY bounced off of 50EMA however it did put a lower low. Clear signal of weakness. Market i think is getting ready for two major uncertainities. Fall Covid-19 situation and presidential election in November. Both have major impact. I think there is more downside but i could be wrong. there is a higher probability of market retracing to 38% or near 200 EMA atleast...

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I have been watching paypal. Nice long term buy for me. Not a swing trade. Chart is showing some downside since Friday 09/11 created a fresh low. Let's see if 50 EMA holds. If 50 EMA does not hold next stop is way far at 200 SMA. Looking at SPY and everything else Monday and Tuesday seems very important. If SPY breaks to the downside then Paypal is sure to move...

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Beautiful breakout - It's a nice long set up. As all the indexes are likely to head higher most stocks will benefit especially tech stocks. There is a high reward ahead it seems on this one. This is just an opinion. Please do your own homework before investing.

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This is pure technical set up. I have not read through or done fundamental analysis on this ticker however the set up is strong should it break to the upside. Very strong potential for a nice reward. This is an opinion.

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Nike has been in a strong trend. Just broke out of previous highs of Feb and may run higher. Nice set up. There is a trend line resistance coming up on higher time frames but if market breaks to new high. Nike which has been trending strong will go with it.Just an opinion. Please do your homework before trading or investing in any financial asset.

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DKNG broke out of inverse head and shoulder pattern on 4hr. Recently even in bad quarter corona impacted quarter company generated more than estimated profit. I agree fundamentally it is not apple but entry is based on technical analysis. If works then it offers a great risk to reward ratio. I am not an expert on Elliot wave but I try to incorporate it in a very...

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Intel is making a bearish wedge once broken it will be heading for its longtime support/buy zone. I will be waiting right there to go long. Technical analysis are a wonderful thing. It tells you where and when. This is just an opinion. Do your own homework before buying or selling any financial asset.

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LB has broken the downtrend also bouncing from double bottom. I see some strength in this breakout. This is just an opinion. Always do your homework before you buy or sell any financial asset.

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Beautiful Medium term downtrend which was a correction when you see a larger picture is now broken after the consolidation. this new trend before the breakout started with completion of a Fib retracement. My only worry is I see market coming down for next few days which may impact on the strength of this stock. No matter what 3M is a good name. Would love to own...

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Here is the monthly chart showing US Dollar index. Looks very bearish if it breaks the trend line support. That for sure will not be good for USD. I still think there might be bounce for the short-term. Inflation is a worry but I think it is too early for it. Not until the US economy is out of the woods. Let's see what happens.. This is just an opinion..

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This chart has been in a trend for a long time. Recently the downtrend is broken to the upside. In the longer time frames trend has been strong and to the upside. Price is strongly consolidating for past few days.after breaking the downtrend . If price breaks resistance, horizontal line drawn in blue then it's heading north without fail. Fundamental view on...

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Bitcoin is coming down giving those who want to get in a chance to buy. I am not a bitcoin enthusiast. But the chart looks very tempting. Just an opinion. Dollar bearish talks all over TV channels and social media is driving lots of people to Bitcoin. Some think it is even a better asset than gold. Do I agree with it? I don't think so. But it is still an asset, it...

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Vix went as low as 20. I have been watching it giving a clear indication for a bounce. Divergence was there. Yield too was rising. Market isn't turning down for long. It seems like a retracement to gain strength before breaking out. While all of us keep scratching our heads why market is still going up when 30 Ml people are unemployed and economy is on borrowed...

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Is Euro heading for a previous high of 1.57 vs USD? Monthly chart is telling us just that. Nothing is for sure but Lots of thing on fundamental side agree to that. For once Euro union worked together in a very long time. They are in a better shape to contain Covid-19 which in turn will give them a quicker recovery than USA. Weekly downtrend is broken. Not an...

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Walmart Technical pattern along with fundamental makes perfect sense to go long in this uncertain economic times.