SoundsgoodTFtalks

SoundsgoodTFtalks

The SPX on Friday ended the week 2.1% lower amid renewed fears of the economy sinking into a recession next year as major central banks may not ease up on rate hikes just yet. The benchmark index posted losses in three out of five sessions, with hopes of a Santa rally this year quickly fading. The major indexes posted a second consecutive week of losses with the...

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Yesterday's trade started on a more upbeat note. A range-bound trade had the main indices modestly higher with the SPX pushing past its 200-day moving average (4,032). Things deteriorated quickly, however, in the wake of the decision to raise the target range for the fed funds rate by 50 basis points to 4.25% - 4.50%. Fed officials penciled in 5.25% as the top...

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The cooler-than-expected Consumer Price Index (CPI) for November; set the stock market up for another upbeat session. The main indices all registered sizable gains shortly after the open. Total CPI was up 0.1% month-over-month (consensus +0.3%) and core-CPI, which excludes food and energy, was up 0.2% (consensus +0.3%). Those monthly changes left total CPI up...

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Wall Street started a Federal Reserve-focused week with an updraft on Monday, pushing higher following the weakness seen last week. Stocks received a boost from data showing a decline in inflation expectations. The CPI report will likely confirm the slowdown in core inflation that was observed last month. As I mentioned before market open, " if the market opens...

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Chart: QQQ daily Chart: DJI daily As I mentioned at the weekend, technology is not dying ! All these companies in QQQ will become even stronger than before. And from the daily chart it tells the same story. Therefore, I will be looking at some buying opportunities for QQQ players, but it might be a little tracky. Chart: QQQ 15 mins From the 15...

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Chart: QQQ daily vs SPY daily The Invesco QQQ ETF has underperformed the S&P 500 ETF (SPY) since bottoming process in early October. And I also noted that investors have remained tentative over the more richly-valued tech sector, preferring the more defensively-configured SPY. With the market expecting the Fed to remain hawkish through at least H1'23, QQQ's...

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Chart: TSLA daily with trading plan This was my trading plan on Friday for TSLA. As we can see on TSLA daily chart, on Thursday, TSLA closed up and gave a kinda hummar Doji on daily but extended on 8&21 EMAs. Thursday low was $169.06, higher than prior piovt low which was $166.19 (Nov 22rd). Therefore, my plan was "assuming" TSLA might do price correction...

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Chart: BTC daily From BTC daily chart, its clear that its a little extension from 8&21 EMAs, with sellers taking the upper hand. 17400 level is first challege that we gonna meet. Chart: BTC 15mins From the 15 mins chart, as I draw, BTC is moving with a small angle up consisting of 17200 level as trend resistance and 16700 level as trend support. 17160 can...

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Chart: SPX daily with forecast There was a positive bias in Thursday's trade coming off a weak start to December for the stock market. The S&P 500 closed in the red eight out of the last nine sessions and has logged five straight losses to begin December. According to Bloomberg, that is the worst start to a month for the S&P 500 since 2011.As I mentioned...

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Chart: AMZN daily forecast with ghost feed Done talked about how great AMZN is, and this might be your last chance to catch a bottom like this. Chart: AMZN 15 mins From the AMZN 15 mins chart, you can see more details, $91ish is 15 mins resistance, but the market fail to break up yesterday. However, somewhere around $89 creates a 15 minute platform....

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Fundamental: Chinese video streaming player iQIYI ( NASDAQ:IQ ) has shifted its attention from growth to profits and has been implementing cost cuts and price hikes to meet this new focus. Provided such cost cuts do not cut into long term competitiveness, rising consumer purchasing power in China, along with international expansion efforts are growth drivers that...

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Investors remained leery on Wednesday, sending the SPX lower for the fifth consecutive session. Stocks have been weighed down lately by a guarded approach to trading ahead of next week's Federal Reserve meeting. And from daily chart, it also gave a "insideday" doji, which means " it's time for choose a direction ". Chart 1.1 (SPX 5mins) As I draw on the...

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Chart 1.1 U.S. stocks on Tuesday slumped amid broad risk off sentiment, with traders dumping megacap technology companies and stocks in heavyweight sectors like communication services. The stock market retreat continued this session, carrying over Monday's downside momentum.Tuesday's sell-off saw the S&P 500 get rejected at the 4,000 level and give back all...

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Chart 1.1 Chart 1.1 is daily chart for SPX, as chart shows clearly that the market already did "price correction" back to its 8&21 Emas, and something interesting is 8 EMA kind of overlapped with prior short term resistance (as showed in light purple dashed line.) Chart 1.2 Chart 1.2 is 15 mins chart for SPX, market opened trading to the downside on Monday...

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It shaped up to be a pretty good day for the bulls, all things considered. Last Friday session started on a decidedly downbeat note, though, after market participants digested a generally positive November employment report. The employment report featured stronger-than-expected nonfarm payrolls growth (263,000), higher-than-expected average hourly earnings growth...

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chart 1.1 As showed in chart 1.1, 15mins for SPX, SPX is still extended from 8&21 daily EMAs. Following Wednesday's huge rally, there wasn't much up or down price action for the stock market after some mild turbulence coming out of the gate. Nonetheless, it was a pretty good day for the bulls since sellers were reluctant to undo Wednesday's gains. There might...

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Chart 1.1 As Chart 1.1 shows, I specially mentioned in Nov 18th posted as " Correction is complete and potential for the rally ", as I said, holiday-shortened trading week normally sees lighter trading volume, and because of markets has trended mostly sideways with declining volume at elevated prices, then time correction have been completed, 8&21 Emas has...

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Chart 1.1 As what I expected on chart 1.1, this week the market might do some price-correction. And yesterday's trade was distinctly negative after a big run so far this month. Coming off the sizable rally, market participants took some money off the table today ahead of Fed Chair Powell's speech on Wednesday and worries that a slew of economic data releases...