If I take a look at the chart of ADP, along with the development of the broader markets (those charts not captured), I'd be on the hook to look at the Unemployment Rate being at the consensus of 3.7%; however, it it comes in at 3.5% as it did in August (where it referenced July), then you could see some buying pressure -- nevertheless, I'd be looking at shorting...
This small range can provide opportunity up/down if you trade the levels within the intraday charts. You can use them as triggers to enter / triggers to exit. Such as a bounce and continuation off the level and/or a failed bounce and resistance into a short position. The recent daily range was 41% larger than it's 14-day Average True Range. 146.30 points from...
NVDA is 65% from its All Time Highs of 346.10. Granted that doesn't mean because it is so far down from the highs that it warrants a 'buy signal'; nevertheless, it is not a lager stock in my opinion. It's just being beaten down with the rest of the market in a unified order. After-all, it is the Futures Markets and Major Indexes that carry the stocks with it. The...
META is down 64.50% from it's All Time Highs and reaching an area where we like the potential for some basing price action. We could get a spike well into our Target areas of 142.32 with some profit taking and another chance of potentially retracing to our 139.11 for developing into the counter trend Day 1 reversal and confirmation. At our Firm, we've adopted the...
Las Vegas Sands is experimenting distribution. The target for LVS is 38.15 - 37.49. The upside levels area 39.98, 40.66, and 41.33. The downside is 38.81, 38.15, and 37.49. We can speculate why the stock ran up today, but at the end of the day I don't care. I care about the price action of 'how the market is reacting' in order to take advantage of what...
I would like to see the major indexes close higher 1% or more than the previous session with some increasing volume. SPY is down 23.34% from it's all time high and I am expecting to see some upward pressure within the markets this week. Therefore, feel free to mark the horizontal lines that I have on my charts to yours.
With China opening up and realizing a zero Covid policy doesn't work we should begin to see the country get itself back on track. In addition, China will be buying millions of barrels from Russia, soon. I've attached my levels on the Hang Seng Index. Keep an eye on those ADRs BABA, JD, NIIO, etc.
SPX remains bearish, like the rest of the market; however, we are starting to see the signals of exhaustion with the sellers and accumulation under the surface. I really want to see the volume to remain at high levels and for the major indexes to get a higher close of 1% - 1.25% higher than the previous day, so we can begin to look for confirmation and...
As much as I want to be bullish on CHWY, I think it requires more and time price. Resistance is obviously at 31.95 and another upside level at 32.89 / 34.30. Downside remains the near support level at 31.34 and lower levels of 30.72, 30, and 29.20. I'd be looking to see if the stock can begin to build on a base with large volume and continued higher closes from...
It is time to put Oil on your radar for two reasons. One thing that is really striking is how the stores are already selling completely out of water this weekend, after visiting 8 stores and coming up empty handed. BUT, how will the country be faced with gasoline shortages as mass panic begins to strike into the human mindsets, fear, and much more. Especially...
It is time to put Oil on your radar for two reasons. One thing that is really striking is how the stores are already selling completely out of water this weekend, after visiting 8 stores and coming up empty handed. BUT, how will the country be faced with gasoline shortages as mass panic begins to strike into the human mindsets, fear, and much more. Especially...
It is time to put LOW and HD on your radar for two reasons. One I like how the technical complex looks and the other is the fact a major hurricane is going to rip into Tampa, FL (where I'm at), or somewhere into the U.S. In that same breadth it is imperative that we keep an eye on the Oil Stocks such as OXY and XOM, of which, I will be looking at and posting...
It is time to put HD and LOW on your radar for two reasons. One I like how the technical complex looks and the other is the fact a major hurricane is going to rip into Tampa, FL (where I'm at), or somewhere into the U.S. In that same breadth it is imperative that we keep an eye on the Oil Stocks such as OXY and XOM, of which, I will be looking at and posting...
The chip sector has been riding high on assumed strong demand for chips around EV and common goods. I'm not a firm believer this sector will be as bullish and as 'in demand' going into the winter months as countries are starting to experience expansions of higher inflation, company layoffs, and tighter budgets by both companies and consumers. Eventually there will...
Look for SPY to close the Gap around 369 =370 and to potentially reach downward to the Target 1 displayed. And if we get the drop that I expect could happen than those Target 1 and Target 2 areas could be coming down the pipeline before the end of the year and into Q1 FY2023. SPY is at 384.90 When thinking of my thesis a lot goes into this topic such as the...
I believe the semiconductor will drop significantly when earnings are released or shortly therefore after. The market complexions remain in danger and the charts are nothing to sneeze at when it comes to market sentiment and various unknown characteristics to global risks. You can find more on the related idea that I've linked below, which also plays into this...
TSLA valuation remains too high and IS going to be subject to some additional repricing and technical chart restricting. Target 1 is 647 and you can see the other targets on the chart. Current price is 741.32. This is also going to playout based on the related idea below that I have linked.
This chart is a reflection off the related idea that is linked below. There are too many assumptions by the pundits claiming the worst is over when it is just getting started. AAPL targets are described and annotated on the charts - these were mocked up yesterday and discussed. Thank you for time and consideration in this post and any others that I've published.