🪙🌟 Trend will continue up for GOLD and SILVER 🌟🪙 There may be a slight pullback and pause but will gain after that. From various reports including CNBC AU and AG will continue to rise based on the below information. CNBC reports: Gold prices extended their record rally on Monday, supported by speculative buying and continued tensions in the Middle East, which overshadowed strong U.S. job growth in March. Gold prices hit a record high for a seventh straight session on Monday, fueled in part by Asian central bank purchases. U.S. gold futures gained 0.5% to $2,357.2. Spot gold was nearly 0.4% higher at $2,337.82 per ounce, after hitting a record high $2,353.79 earlier in the session. China’s central bank added 160,000 ounces of gold to its reserves in March, it said. Turkey, India, Kazakhstan
Mixed Performance + Cautious Trading Expected Ahead Of Economic Data?
We saw trading volumes on the NYSE falling below average yesterday as the stock market closed with a mixed performance. All 3 major indices ended the session with little change from last week(05 Apr) close. This suggest that there is a lack of strong conviction among traders and investors. As we are expecting key economic events later this week, the significant one would be the March Consumer Price Index (CPI) coming on Wednesday (10 April) and Producer Price Index (PPI) on Thursday (11 April), this might prompt for cautious trading. Stable Short-Term Inflation Expectations The Federal Reserve Bank of New York’s survey of consumer expectations revealed a stable short-term inflation expectations at 3.0% for the third month in a row. We can see that the median median one-year-ahead inflation
🌟🌟🌟Even though there was a solid 1% rebound on Friday, the Dow Jones Industrial Average fell nearly 2% across last week, marking its worst weekly performance since October last year. Nervousness has increased across the markets after several Feds officials including Jerome Powell, confirmed that patience is required before cutting interest rates given the strength of the US economy and the slight increase in inflation. Rising geopolitical tensions also affected risk sentiment. This week, volatility could rise after 5 straight monthly gains with the release of US inflation figures, the minutes of the March FOMC meeting and the start of US earnings season. Q1 24 earnings season kicks off on Friday with JP Morgan, Wells Fargo and Citibank reporting.
$Nvidia (NVDA)$ In fact, it's not just me following the big orders in the market. Other institutions are also watching and acting in line with their peers. When their peers sell, they sell too. Last week, I shared a large sell order for the $NVDA 20240426 950.0 CALL$ that was executed on April 1st. Today, upon checking the closing positions, I found that the 10,000 contract $NVDA 20240621 1200.0 CALL$ long position was also closed out later that day. Subsequently, on April 3rd, there was a large sell order for the $NVDA 20240621 1180.0 CALL$
$Tesla Motors(TSLA)$ recent price movements formed a bearish fair value gap in its weekly chart. Share price retraced back into the bearish fair value gap and formed a intermediary swing high, closing lower with increased volume in last trading week. This indicates weakness. $Li Auto(LI)$ share price has retraced into the bullish order block and formed an intermediary swing low in recent price movements. The order block is a price zone where a significant amount of buying activity previously took place. This support zone can act as a springboard for the stock to launch itself back into its upward trajectory.
$Micron Technology(MU)$ I really hate to say it, but “this time is different” and I expect MU to have a super cycle this time around. Why? As you know, I always look at memories as a commodity and even HBM is no different. As a commodity, the key driver for price, and hence gross margin and operating margin is supply/demand balance. Because of the 3-1 trade in HBM vs DDR, the industry abruptly transitioned from over supply to severe under supply in one year while HBM demand continues to ramp rapidly and DDR demand is recovering. You add to this supply demand imbalance by WFE capex discipline as the suppliers are forced to invest in packaging driven again by HBM requirements. So we are in the beginning of a perfect storm of severe supply demand imbal
$Sea Ltd(SE)$After a strong uptrend that led to a stage 1 base breakout, we are digesting that move in the last couple of weeks in a tight wedge structure to the 21dma. We attempted to breakout from that structure Wed/Thursday last week, but we failed and retested the area each time, making a higher low. We showed much strength on Friday with a 54.89$ pivot reclaim, confirming the reversal attempt. We had every opportunities to break lower from here, and I like that fact along the price action..I will look to buy on a 54.89$ retest or undercut & reclaim action.
$Candel Therapeutics, Inc.(CADL)$ Sorry cheerleaders, I've been in the BioPharma Analyst community for over 30 years here in NYC. this Company[Cool], like many others I've seen is 5 years away from coming out of the "FDA funnel" if all goes just right. At this juncture this Company is worth $2.25, maybe $3 at best. They'll be many up and down cycles over the next 5 years. Now that it's had its run, it will be ground back down as the Company goes quiet for a while as it gets Phase 2 trial feedback from FDA and attempts to enlarge it observation group by almost 30-fold (not easy and time consumming)[LOL][LOL][LOL]. Good luck all but buckle yourselves in for a long bumpy ride. Heck CADL fell 40% in the last trading since the after-hours on Thurs.
$Candel Therapeutics, Inc.(CADL)$ Stay greased and 2X your kneepads Ricky[Wow][Wow][Wow]. We hammered you/CADL for -43% in the final 4 hours on Friday! and we're coming after you again next week! CADL is going lower, much lower. Just chalk it up as a good lesson not to merely chase momentum of a highly, highly speculative enterprise that's bleeding $cash and isn't even to the mid-point of Phase 2. Hahahahha
$SoundHound AI Inc(SOUN)$SOUND is making a bounce on a major support level at $5. This is showing strength for the buyers and further upside to be made. Entering a swing position and targeting $15.Some more details on SOUNDHOUND AI:SoundHound AI's technologies have attracted the attention and investment of major players in the tech industry. For example, Nvidia disclosed that it held roughly $3.7 million in SoundHound AI stock at the end of last year's fourth quarter. This kind of investment and partnership with a leading AI company like Nvidia is a strong vote of confidence in SoundHound AI's future.Market Opportunity: The AI market is rapidly growing, with significant potential for companies like SoundHound AI that pro
$Reddit(RDDT)$$Intel(INTC)$$Paramount Global(PARA)$What a joke past Thursday and Friday were re unregulated manipulation or niave traders as well as option traders screwing up the market gambling on cheap options. Bring on this week. Regardless, excellent week at +25% roi active day trading, mostly timely shorts. I tried to short on full margin rddt and djt all for not as my broker had no shares to short unfortunately, in particular djt. I was able to short para and intc all good, but ridiculous para was as bulls tried desperately to pump. What a zombie TSLA was, no positions, as it whip sawed up and down, bizzare. I believe it will t
$Lululemon Athletica(LULU)$Lululemon Athletica's Q4 performance exceeded expectations, with revenues rising 16% and gross margins growing by 4.3%. However, increased competition and price-conscious consumers have led to a decreased market cap and short-term headwinds.While the retail environment in the United States has been recently challenging, I believe that the long-term fundamentals of the company outweigh any short-term headwinds, and the recent selloff provides an excellent opportunity for value.I encourage potential investors to remain unemotional in volatile price action, and trust the fundamentals and management of a prominent brand and a very cash-positive business.My one year price target remains at the techn
$Lululemon Athletica(LULU)$Lululemon stock has collapsed by 30% from the highs in a matter of several weeks. Perhaps Ozempic, Mounjaro, Wegovy are crushing this stock. Nobody needs athletic clothes. This line above was a joke...less rate hikes in theory should strain the consumer. Coming into the weekly 200 MA has been a massive zone of accumulation for many previous selloffs. will it hold this time? Likely yes, the same buyers should step in at least for a short term bounce. Risk to reward favours a bounce.
$SUPER MICRO COMPUTER INC(SMCI)$The technical chart analysis points to a new all time high in the range of 1518(±10%) the previous 692 low rocketed to a 1229 high, then fell back, to an 855 low, and given the fundamentals of this company, and macroeconomic conditions, this tock will push onto a new all time high for years to come. expectations: new all time high within 2 weeks touches 1500 within 1 month consolidates around 1500 range in summer touches and surpasses 2000 by year end
$SUPER MICRO COMPUTER INC(SMCI)$If smci was not worth much more than its price there would have been no manipulation to keep it low priced for index managers and there quite obviously was. A stock that 10x in a year and 3x in the first 2 months of this New Year does not just stop coincidentally upon news of s n p induction magically. They will buy soon because pre earnings will be announced soon. And this is the best they can do. Once announced theres no stopping this! Another 10x is highly possible in the same time span! Hold on to your hats!! This will be a 500 billion dollar company in a couple years. Do the math.
$Aehr Test(AEHR)$ Enough of EV news, whaaar out Tu Meke altight AEHR, Forgotten which way up aye algoods. [Happy] Yup Hold fast, [Facepalm] hmm wonder if Auto-investment plan would have been cancelled since this fell out of manual fractional buying. [Doubt]
$Marathon Digital Holdings Inc(MARA)$ my thoughts are Mara is one of those stocks with some large whales pumping and dumping it on a regular basis. If u are swimming with the whales, u go on a nice ride. If u swim against them, u get crushed. Tonight, the whales have decided to dump. Will need to hang on till the shakedown is over and they are ready to pump it back up.
I opened $SOFI 20240503 7.0 PUT$ ,SOFI: sold cash secured put on SOFI with strike price at $7 and expiring on 3rd May which is 25 days away. The delta is more aggressive at 0.3 delta so the premium collection is 5.1% for this duration. The support level at $7 is still intact and will continue to use this level for trading until it breaks or moved further away. Earnings on 29th April so will have to make adjustment when it’s getting nearer.