The stock market could go through a massive correction over the next year
The stock market could go through a massive correction over the next year because the economic reality and market focus seem to be at odds.It's a reminder that price matters!The S&P 500 is trading for 25x earnings, which is on the high side of a non-recessionary period (when the E in P/E falls). But does the market deserve to trade at a premium? - Many retailers are reporting negative comps as customers cut back on higher priced goods.- Have you noticed more sale signs on everything from groceries to clothing? Demand < Supply???- Auto demand is falling relative to supply and margins are coming down.- American Airlines just said they have lower demand than expected. - Relatively high interest rates are making it harder to buy homes and cars. The value of both appear to be falling. Th
See the Story the Charts Tell: Candlestick Patterns Decoded with Real-World Examples
This Second Edition of Price Action Goes Beyond Books with Fresh Examples - $S&P 500(.SPX)$$iShares Russell 2000 ETF(IWM)$$VanEck Gold Miners ETF(GDX)$$Apple(AAPL)$$NVIDIA Corp(NVDA)$ and more.Candlesticks are a fundamental part of price action trading since they are the building blocks used to visualize price movements over time. Price action analysis focuses on understanding the raw price movements themselves, without relying on additional indicators. Here's how candlesticks play a crucial role in this analysis:Visualizing the Battle Between Buyers and Sellers:The body o
SPX Daily Chart - The bearish engulfing candle marked the top
The bearish engulfing candle marked the top, as I posted the day it appeared when compared the setup with previous occurrences.As mentioned over the weekend, the synchronicity of Fibonacci retracements in the $S&P 500(.SPX)$ , and $NASDAQ 100(NDX)$ + $DJIA(.DJI)$, reaching strong annual resistance levels was noteworthy.Can the weekly S/R level at $5260 hold as support? Perhaps. The oscillator suggests the move might not be complete. $SPDR S&P 500 ETF Trust(SPY)$$NASDAQ(.IXIC)$$Invesco QQQ(QQQ)$
PDD is the perfect example of how Chinese stocks can still deliver for investors
$PDD Holdings Inc(PDD)$ is the perfect example of how Chinese stocks can still deliver for investors. It found a way to keep growing both at home (Pinduoduo) and abroad (Temu). It's the $NVIDIA Corp(NVDA)$ of China equities right now, attracting most of the funds due to its superior growth and earnings quality. Up 8X more than $KraneShares CSI China Internet ETF(KWEB)$ over the past year. To think it doesn't even trade in Hong Kong but only has a US-listed ADR.Imagehttps://x.com/BrianTycangco/status/1795826596299051162
Optimistic Outlook: Lenovo, Tesla, and BYD Show Strong Bullish Trends
1. $LENOVO GROUP(00992)$$Lenovo Group Ltd.(LNVGY)$ Lenovo raised $2B at zero coupon and a conversion price higher than the 30day weighted average price. Yes, a little dilution to be expected. But gaining a strategic investor in Alat for MEA market. I cannot believe how wide the YTD performance disparity is between $Lenovo Group Ltd.(LNVGY)$ and $Dell Technologies Inc.(DELL)$ . Lenovo is also heavy into AI.Image2. $Tesla Motors(TSLA)$ There's something not right about a company basing their CEO's pay package solely on how well the company's stock does. It makes sense to inclu
Hello everyone! Today i want to share some option strategies with you!1.Earnings trade idea on: $Okta Inc.(OKTA)$ Earnings date: Wednesday May 29 after market closeExpected move: ~11%Pre-Earnings Trade Idea:- Sell-to-open May 31 expiration Iron Condor (or Strangle). Short strikes on both will be the 75 put and 120 call strikes. Targeting a 5-wide spread.Post-Earnings Trade Reaction:- Buy-to-close the entire position if OKTA stays above 75 and below 120, and IV crush positions both sides of the trade in profit.- If the underlying breaches the put strike, then close for a loss or roll to a lower strike and further out date to get either a worthless expiration or get a better entry price for assignment (depending on earnings results and forward guida
$S&P 500(.SPX)$ thoughts: Breath closed negative today— and small caps continue to distance themselves from breakout. Stand-alone this is insufficient, but it is a start. From here, this is not looking like a melt-up scenario. At this rate another risk-off scenario will transpire should breadth keep negative and the index close below 4245. In that scenario I will have no heartache returning with a bearish outlook and positioning.Follow me to learn more about analysis!!https://x.com/tomthetrader1
Hello eveyrone! Today i want to share some macro analysis with you! 1. $XAU/USD(XAUUSD.FOREX)$$Gold - main 2408(GCmain)$ Fed hawkish speech to help the dollar U.S. bonds, data is expected to support the gold still have reboundOn the trading day Tuesday (May 28); international gold / London gold bottomed out rebound to close the sun, maintain the recent stopping power, although the amplitude is not down when the strength of the big, but also enhanced the short-term bullish power, make the market is still expected to further rise touching the 10-day average of the target resistance.Specific trend, the gold price since the Asian market opened at 2352.09 U.S. dollars / ounce, the first to maintai
Hello everyone! Today i want to share some trading stratgies with you!1. $NVIDIA Corp(NVDA)$ about to move red to green on the day, price action more bullish here.. 1170 can come quickly if it holds above 1140.Then it watched the 1148 level.. If NVDA closes through 1148 we can see a gap and run to 1200 next ✅ $S&P 500(.SPX)$ held that 5264 support level.. setting up for 5300 test again if it holds 5264 today $First Solar(FSLR)$ can run to 300 in the next 2-3 weeks. Calls can work above 2802. $SPDR S&P 500 ETF Trust(SPY)$$Invesco QQQ(QQQ)$ Fed Beige Book Say National Econo
Optimisitc Outlook: SPY, AMD& IWM Welcome Great Surge!
Hello everyone! Today I want to share some technical analysis with you!1. $S&P 500(.SPX)$$SPDR S&P 500 ETF Trust(SPY)$ Still two days left in the month but if we don't have any crazy change in price by Friday, this will be a bullish engulfing candle on the monthly chart.2. $iShares Russell 2000 ETF(IWM)$ Hammer candle just formed on the last 1-hour candle. Potential intra-day reversal here.3. $Advanced Micro Devices(AMD)$ Volume shelf setup on the daily candle chart.Follow me to learn more about analysis!https://x.com/Jake__Wujastyk
Bullish Momentum: SPOT, UBER& HIMS Sees Great Potential
Hello everyone! Today i want to share some technical analysis with you! Hope it can help you!1. $Hims & Hers Health Inc.(HIMS)$ the next big weight loss play? 💉2. $Uber(UBER)$ Bullish RSI divergence spotted 🐂 3. $Spotify Technology S.A.(SPOT)$ Preparing for launch. Follow me to learn more about analysis!!https://x.com/TrendSpider
Downward Pressure Persists: DKNG& MARA Face Bearish Trends
Hello everyone! Today I want to share some technical analysis with you!1. $DraftKings Inc.(DKNG)$ If this were to continue to move down, the March '23 pivot VWAP would be a potential level of interest currently at $32.87.2. $Marathon Digital Holdings Inc(MARA)$ Continuing to hold at the volume shelf but this (and a lot of the market) has been a choppy mess over the last week.Follow me to learn more about analysis!!https://x.com/Jake__Wujastyk
Costco Wholesale (COST) More Upside If Sales Turns Out Better Than Last Quarter
$Costco(COST)$ is expected to show a rise in quarterly revenue when it reports results on 30 May for the period ending 31 Mar 2024. Costco is expected to report a 8.2% increase in revenue to $58.036 billion from $53.65 billion a year ago, (Majority is on Total Revenue basis which includes Membership Fees). Earnings per share is estimated to be around $3.70. Currently, we are seeing an uptrend in technicals on COST, but we saw similar upward trend prior to earnings in its last earnings on 07 Mar, where it suffer a Gap down after the earnings per share cames in at 3.71, higher than estimate, but their sales miss estimates. So this upcoming earnings, we would need to look at the sales numbers. Costco Wholesale (COST) COST last reported earnings on M
29 May Market Saw Negative Bias With Broad Selling (Part Of Consolidation)
Trading session on 29 May saw a negative bias with broad selling activity keeping major indices in the red throughout the day. Indices closed near their session lows as increased selling in heavily-weighted stocks limited index-level losses. Tech stocks like Amazon.com (AMZN) fell 0.1% to $182.02, Microsoft (MSFT) dropped 0.3% to $429.17, and Alphabet (GOOG) declined 0.4% to $177.40. Amazon was up as much as 1.1%, MSFT was up 0.11% at its high, and GOOG showed a 0.14% gain at its peak. S&P 500 Sectors Ended With Losses All 11 S&P 500 sectors ended the day with losses. The energy sector was among the top laggards, falling 1.76% due to declining commodity prices. The industrial sector also struggled, dropping 1.42%, largely due to weak airline stocks. American Airlines (AAL) fell 13
$T-REX 2X LONG TESLA DAILY TARGET ETF(TSLT)$ Tesla’s ETF Tango: Dancing Through Key Levels! Hey Tesla traders, Let’s take a look at some price targets for various ETFs if Tesla (TSLA) hits the key wave down level of $161.75: If TSLA reaches $161.75: TSLZ = $47.08 target high TSLQ = $38.18 target high TSLL = $6.78 target low TSLT = $9.28 target low If it goes down to $156.07, then: TSLZ = $53.09 target high TSLQ = $40.09 target high TSLL = $5.65 target low TSLT = $7.76 target low Why does this matter? There's strong support at this level. If things don’t go as planned, this might be the bottom instead of dropping further to $156.13 I’m still betting on it moving down to around $156.13 . By the way, keep an eye on TSLA around $172. I’m expecti
The $2 Billion Trader Rolls Position Again, Institutional Showdown Driving Nvidia's Surge
TL;DR: The $2 billion trader is likely not simply bullish, but rather engaged in an institutional options betting duel. However, their breakeven target prices have been surprisingly reasonable, worth considering as a reference.Although it's been just two trading days since last Friday, May 24th, Nvidia's stock (NVDA) has surged an impressive 7.55%.The $2 billion trader's first roll was executed at $1,047, while the second all-in roll occurred $100 higher at $1,147, just two days later.Due to Nvidia's short-term explosive rally, this roll was conducted in three steps, unlike previous ones:Tuesday, May 28th at $1,131 - Closed out 7,700 contracts, leaving 30,000 openWednesday, May 29th at $1,136 - Closed out 5,000 contracts, leaving 25,000 openWednesday, May 29th at $1,146 - Rolled the remain
Nvidia Fuels Divergence, Large-Caps Face Inflection Point
Investors turned defensive as worries over the Fed's rate path timing and magnitude pushed Treasury yields higher, pressuring large-cap stocks.Options flows showed SPY at an inflection point, with either a 9.4% rally priced in by July expiry or a 5.6% drop expected by August. QQQ had at least 0.7% further upside priced in by June 14. For small-caps, upside appeared capped with expectations for IWM's rally staying below 5.1% by mid-June.Details:The S&P 500 ETF (SPY) saw open call interest rise 1.4% over the past 5 days. Open put contracts increased 1.2% over the same period.For call options, investors bought the most $SPY 20240719 580.0 CALL$ with a 580 strike, adding 46,000 contracts. This implies around 9.4% further