The market closed red for the second week in a row as traders took profits on persistant inflation and fears that the Fed may not cut as soon as expected. Mag 7 stock weakened and ADBE dropped 13% on Friday. The Russel fell by 2% and OIL stengthened. This week the market look ahead to the FOMC rate decision on Wed. SUMMARY ES had a weekly loss of 0.25% after...
The market closed red for the second week in a row as traders took profits on persistant inflation and fears that the Fed may not cut as soon as expected. Mag 7 stock weakened and ADBE dropped 13% on Friday. The Russel fell by 2% and OIL stengthened. This week the market look ahead to the FOMC rate decision on Wed. SUMMARY NQ closed down 1.31% last week...
Markets closed the week with a dip as record highs gave way to profit-taking. Chip stocks, including Nvidia, faced reversals, impacting the S&P 500 and Nasdaq. Despite a strong job growth report, rising unemployment and slowed wage growth tempered the market's enthusiasm. NVDA closed 10.14% off it's ATH and Costco's 7.6% drop signaled cautious consumer spending....
Markets closed the week with a dip as record highs gave way to profit-taking. Chip stocks, including Nvidia, faced reversals, impacting the S&P 500 and Nasdaq. Despite a strong job growth report, rising unemployment and slowed wage growth tempered the market's enthusiasm. NVDA closed 10.14% off it's ATH and Costco's 7.6% drop signaled cautious consumer spending....
On Friday, U.S. stocks surged to record highs, driven by a technology stock rally focused on AI. The Nasdaq achieved its second consecutive closing record, led by AI-related firms like NVDA and META. February marked the fourth consecutive month of overall gains, primarily attributed to AI and positive effects on semiconductor stocks. NVDA reached a $2 trillion...
On Friday, U.S. stocks surged to record highs, driven by a technology stock rally focused on AI. The Nasdaq achieved its second consecutive closing record, led by AI-related firms like NVDA and META. February marked the fourth consecutive month of overall gains, primarily attributed to AI and positive effects on semiconductor stocks. NVDA reached a $2 trillion...
NQ and ES concluded the week in the green once again after testing the low of the recent range early in the shortened trading week for US markets. The NQ closed 1% off its (ATH), while the ES finished 0.56% off its ATH. The late-week recovery was fueled by another strong earnings report from NVDA, although big tech showed signs of weakness, closing out the week...
NQ & ES finished the week green yet again after testing the low of the recent range early in the the shortened trading week for US markets. The NQ closed 1% off its ATH high while the ES finished 0.56% off its ATH. The late week recovery was fueled by another strong earning report from NVDA although big tech showed signs of weakness to closed out the week with...
Here's a late post of my weekly levels for NQ. Price already flushed the Feb 13th low but recovered back above it today. If price cannot hold the Feb 13th low look for a retest of today's low. Market clealy nervous going onto FOMC minutes and NVDA earnings tomorrow.
Measurement on the breakout makes the upside target 5000 ish. This would be a gain of 60% from here.
Another strong week for the market as both NQ and ES hit new all-time highs, with ES closing above the psychological 5000 level. Mega-cap tech, along with small caps (Russell 2000 gained 2.6%), led the way. BTC also rallied, affirming the market's risk-on bias. The market, now highly extended, awaits this week's CPI report, small cap earnings & PPI data for...
NVDA now at 1.618 Fib extension. Expecting a pull back here. Wait for lower time frame topping pattern to emerge before entry. May need to test the 700 zone before reversal. Daily RSI plus 80. Stoch 5,1,1 plus 80 Targets on reversal confirmation would be: 9 ema 21 ema Green box.
Another strong week for the market as both NQ and ES hit new all-time highs, with ES closing above the psychological 5000 level. Mega-cap tech, along with small caps (Russell 2000 gained 2.6%), led the way. BTC also rallied, affirming the market's risk-on bias. The market, now highly extended, awaits this week's CPI report, small cap earnings & PPI data for...
Like the way price retested the downward trendline. Move up into the red resistance box is likely on of break of 2025. If price breaks above the red box look small caps to play serious catch up.
The market wrapped up a volatile week. The NQ and ES both traded down to there respective 21 ema where they found support then surged higher after the FOMC held rates at 5.5%, payroll data exceeded expectations & META/AMZN delivered. The market continues to bet on the goldilocks scenario of flat to lower rates, a strengthening economy during a US election...
Like the 175 area for a short term bounce. Coming into lower trendline support and the Mar 5th pivot low.
The market just wrapped up a volatile week. The NQ and ES both traded down to there respective 21 ema where they found support then surged higher after the FOMC held rates at 5.5%, payroll data exceeded expectations & META/AMZN delivered. The market continues to bet on the goldilocks scenario of flat to lower rates, a strengthening economy during a US election...
Market pushed higher again last week. The NQ made a new ATH daily close on Wed & the ES pushed through the Mar 29th high. Momentum stalled at the end of the week as traders trimmed longs on weak guidance from INTC and positioned for a big week of data & earnings ahead. This week Megacaps (GOOGL, META, MSFT, AMZN)are schuduled to report, the FOMC will make its...