spiritualhealer117

spiritualhealer117 Updated 

With the S&P 500 near all time highs, it has now run into resistance around the level of the prior swing high on July 31st and has begun coiling in a fairly tight range. At a glance, today's trading day is incredibly similar to the setup in July 31st, coming around nine days into a melt-up after a gap. On July 30th, the market opened higher for a breakout which...

spiritualhealer117 Updated 

The recent white swan rally returned nearly 7% in the span of 7 trading days. The rally was incredibly fast, having 5 gap ups between the closing and opening prices. However, the volume for the rally was fairly low, with no day in the rally having statistically abnormal volume despite the statistically abnormal returns. This is shown in the NDO indicator, which...

spiritualhealer117

The semiconductor ETF NASDAQ:SMH is currently trading at an all time high because of the belief that there will be increased demand for semiconductors arising from the applications of generative AI. However, on a fundamental level, semiconductor revenue has been dropping for the past five consecutive quarters ( Omdia ). In fact, in the first quarter of 2023...

spiritualhealer117 Updated 

Mcdonalds (MCD) stock is currently trading around at a price of $251.52. With respects to technicals, historically, trading below the 300 period MA has been a pretty good buying signal for this stock, and it is currently around 7% below its 300 day moving average. With respects to fundamentals, fast food is typically regarded as an inferior good, which means that...

spiritualhealer117

Technicals: GFS is in an ascending channel Has just had a reversal off the channel support line Reversal confirmed by crossover above lower line of regression channel There's around 30% upside to the resistance line of the channel. I will play this situation with a short-term, long swing trade. My profit target is ~25%, at 71.39, with a risk/reward of...

spiritualhealer117 Updated 

On today's CPI report, inflation rose 0.5% in January, which was higher than expected (according to CNBC ), yet the market rallied. With this rally, the market is hitting a supply zone, which was the swing high for two of the most recent swings. In the shorter term, it has also been seen that the recent rally has been rejected twice at the bottom of this supply...

spiritualhealer117

Weed Giant Tilray Pharmaceuticals is certainly an interesting stock to pay attention to as it hits a key long-term support level of around $2.48 a share. In the past, the stock has shown its ability to have absolutely ridiculous spikes in price. By dividing the chart's history into time cycles, one can see that there are clear similarities between the movements...

spiritualhealer117 Updated 

This investment thesis is very simple. The recent market declines have pushed many stocks to attractive price levels. The three mega-cap companies AT&T, Visa, and Meta (previously known as Facebook) were hit especially hard by the declines, and are now trading in areas with strong support. Since all these stocks have strong moats, and significant margins of safety...

spiritualhealer117 Updated 

SPX has been in an descending broadening triangle, which is generally seen as a bullish pattern. Now that the S&P has pivoted off a double bottom, and had a gap up, which generally confirms a trend, there is enormous upside on the S&P 500. This is in addition to CPI dropping yesterday, which shows that the FED can finally pivot, giving stocks a massive upside....

spiritualhealer117

Disclaimer: I have never worked in investment banking in any capacity, and the following ideas are merely my speculations Current Macroeconomic and Technical Context Inflation and interest rate hikes cooling down are common knowledge. As such, the market has become more bullish over the past weeks, creating rounded support and strong support on the NASDAQ...

spiritualhealer117

Since Archegos got margin called, Paramount shares have declined over 80% from ATH. PARA is now trading at a P/E below 4 and at roughly half its book value. Paramount has been transitioning to streaming, and Paramount + has been rapidly gaining subscribers and revenue, but the main causes for concern have been its high debt, and the decline of its cable TV...

spiritualhealer117

After $META's earnings were released today, META dropped around 25% in the premarket. This brings META's current valuation to the valuation it had in 2015 (despite the fact that META's latest quarter produced a net income over 6 times what it had earned in 2015). Evidently, META is currently trading at a large discount, at roughly 2 times its book value, with a...

spiritualhealer117

today, the market and QQQ rallied strongly, briefly breaking above the descending trend channel. Now, QQQ's price is over the 2nd upper band of the VWAP, showing that it is overbought for the day, but volume is statistically low relative to the past days, producing an NDO score of less than 1 during this rally. Therefore, I believe that this rally is superficial...

spiritualhealer117 Updated 

The key point of this analysis is the strong pivot level on $SPX around the price range of 4100-4150. This area has acted as support and resistance several times this year, which is confirmed by being the area with highest volume on a volume histogram for 50 days, and a volume histogram for 200 days. Bearish Signals : Since prices are coming from beneath,...

spiritualhealer117 Updated 

Anyone watching the markets recently has seen how hard it has been crashing. With any crash, there's associated margin calls which spur further selling. In the past four days, my NDO indicator has found volume to be statistically abnormal, which shows that either panic selling or margin calls are beginning to take place. , but the volume still hasn't reached high...

spiritualhealer117

Recently GLD has followed a set of movements which have an uncanny resemblance to what happened in 2021. The last time this set of movements happened, it was bullish and returned around 13% in a month. This is combined with a strong support level at ~$158, a bullish inverted hammer on the previous bar, and two recent doji stars, which indicate that the downtrend...

spiritualhealer117 Updated 

EBS is currently hitting a critical support level around the 25 levels, which has been tested multiple times as key support and resistance level since 2009. I am planning on buying at this current level, with a very high-profit target and a tight 5% stop loss below the support level. The ATH is over 400% above the current price, so there's a lot of upside...

spiritualhealer117 Updated 

Unity has broken out above its recent trading range, and now has large potential upside. I'm targeting roughly a 40% profit to the nearest pivot level.