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Stuart Allsopp
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06-07

The Macro Brief: Market Insights And Economic Outlook For May 2024

Summary Introducing a new recurring series to help you gauge the current state of the economy and the market: The Macro Brief. This monthly series will showcase what our analysts say about the latest economic and market news and what it could mean for investors. We'll highlight the popular themes each month and provide counterpoints if applicable. In addition, we will provide a market and economic snapshot to review the month's most important numbers. Editor's note: Seeking Alpha is proud to welcome SA Editor Kevin M. Sanford as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.
The Macro Brief: Market Insights And Economic Outlook For May 2024
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162
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MignonPitman
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06-07
$Taiwan Semiconductor Manufacturing(TSM)$ Probably will gravitate to the next logical target above at the 1.618 fib extension level, after finding solid support at the monthly Ichimoku cloud and breaking through previous all-time-highs convincingly my prediction is this will be worth around $250 by the end of the fiscal year
$Taiwan Semiconductor Manufacturing(TSM)$ Probably will gravitate to the next logical target above at the 1.618 fib extension level, after finding ...
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BrianTycangco鄭彥渊
·
06-07

NIO's abysmal stock performance!

$NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $NIO-SW(09866)$ This table explains all you need to know about NIO's abysmal stock performance. 10 straight quarters of earnings misses. Either these guys are really bad at what they do or they're bad at guiding the market to expect something more realistic out of the company. I think it's more of the latter.ImageNIO down 4% premarket due to large 1Q24 revenue miss despite adjusted EPS beat. Here’s the company’s outlook for 2Q24.Imagehttps://x.com/BrianTycangco/status/1798952894064173303
NIO's abysmal stock performance!
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233
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SmartReversals
·
06-08

S/R Levels for Next Week are Published

$S&P 500(.SPX)$ closed near all time highs, anyway its price action was weak during the last two days of the week, so immediate continuation is not guaranteed.The Fear and Greed index closed in Neutral zone, but from its seven components, Market Momentum is back to greed, this indicator used the SPX price distance from its 125 DMA as presented below:Price action was weak during the last two days of the week, and $NVIDIA Corp(NVDA)$ split will be effective this Monday.A buying opportunity may be on the horizon, the $Apple(AAPL)$ split case in 2020 is analyzed in the public section, so everyone can read it.Bitcoin and Ethereum levels have been included for the
S/R Levels for Next Week are Published
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SGX_Stars
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06-08

Weekly | Why Sri Trang Agro Lead the Market this Week?

As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,330.77 points, down 0.17% points last week.During the last 5 trading days, $Sri Trang Agro(NC2.SI)$, $Top Glove(BVA.SI)$, $TJ DaRenTang USD(T14.SI)$, $SATS LTD.(S58.SI)$ and $YZJ Shipbldg SGD(BS6.SI)$ are the top 5 weekly gainers, up 8.18%, 6.78%, 6.58%, 6.12% and 5.70% respectively.$Seatrium Ltd(5E2.SI)$, $Bumitama Agri(P8Z.SI)$
Weekly | Why Sri Trang Agro Lead the Market this Week?
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SmartReversals
·
06-09

Headwinds or Headfakes? Bullish Trend Faces Key Tests with CPI, FOMC, and NVDA Split

Did Monday and Tuesday Complete the pullback? Was that all the storm?4 out 5 days of the week that just ended presented very weak price action, Wednesday was the green day that defined this timeframe thanks to a big decline in interest rates, but those rates reversed to the upside on Friday, is this the calm before the second stage of this consolidation?The week concluded with a green candle, formed by intraday volatility moves. Monday and Tuesday's lows were quickly bought up, demonstrating bullish sentiment. Even Friday's economic news, featuring an interest rate hike and a substantial 3.67% jump in the 10-year note, resulted in a pre-market dip that was swiftly absorbed by buyers.No Crash YetSince January, my analysis has anticipated support levels above crowd or perma-bear targets. In
Headwinds or Headfakes? Bullish Trend Faces Key Tests with CPI, FOMC, and NVDA Split
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397
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SmartReversals
·
06-09

NDX Daily Chart - hold strong there to invalidate a pullback

$NASDAQ 100(NDX)$ Shooting star finding rejection at the higher Bollinger Band while oscillator is overbought.Usually enough for a reversal, the daily volume was low, so this one has to hold strong there to invalidate a pullback.Interesting chart ahead of Monday, when the $NVIDIA Corp(NVDA)$ split will be a fact. $NASDAQ(.IXIC)$ $Invesco QQQ(QQQ)$ $Technology Select Sector SPDR Fund(XLK)$ Imagehttps://x.com/SmartReversals/status/1799418370414051500
NDX Daily Chart - hold strong there to invalidate a pullback
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TRIGGER TRADES
·
06-09

SPX is nearing the 5385-5430 5th wave targets

$S&P 500(.SPX)$ is nearing the 5385-5430 5th wave targets, but there is risk this leg up is already complete.As long as SPX remains above 5325-5305, it can extend higher to 5385-5430.However, the loss of 5305 is a strong warning sign a higher degree correction is playing out leading to 5250, if not 5000 for [W4]. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2406(NQmain)$ ImageImageWe expected the dip to be bought leading to a new high above 5362 📈After finding support at the channel, we longed t
SPX is nearing the 5385-5430 5th wave targets
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TopdownCharts
·
06-09

Market Cycle Guidebook - The global growth pulse is turning up

Some of the key takeaways from the latest edition:-The global growth pulse is turning up --soft data is trending distinctly “less bad”--likewise the slowdown in hard data growth rates is turning around--and even the leading indicators are turning up from previous warning signs---hence the macro edge risk of reacceleration and inflation resurgence is credible--investors need to think more about the idea of reacceleration---(yet we continue to monitor for downside/recession risk signs)-Central banks move into pause mode, and even pivot in places--the Fed remains on pause, with a high hurdle for cuts or hikes---others pivot: Sweden, Europe, Canada all cutting rates---EM has collectively pivoted to rate cuts----(notably China — making steps towards larger stimulus)--the bulk of tightening is l
Market Cycle Guidebook - The global growth pulse is turning up
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268
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Travis Hoium
·
06-09

Optimistic Outlook: HOOD, TSLA, ONON, ASAN and PTLO Show Strong Bullish Trends

1. $Robinhood(HOOD)$ In 2021, the average Robinhood user had $4,789 in assets. Today, the average user has $9,460 in assets. Moving up the market is a really good sign for the business. Buy stocks with upside you don't have to pay for.Image2. $Tesla Motors(TSLA)$ There's a 10x opportunity in autonomous driving staring us in the face and it's not Tesla.3. $On Holding AG(ONON)$ A 54% revenue CAGR is really impressive.Image4. $Asana, Inc.(ASAN)$ If Asana gets to FCF positive is it an attractive investment?Image5. $Portillo’s Inc.(PTLO)$ I love a restaurant growing double digits.Ima
Optimistic Outlook: HOOD, TSLA, ONON, ASAN and PTLO Show Strong Bullish Trends
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SmartReversals
·
06-09

SPX McClellan Oscillator - A significant divergence with price

This technical analysis tool measures market breadth by focusing on the advancing and declining issues, in this case for $S&P 500(.SPX)$ .The oscillator tracks the difference between the number of advancing stocks and declining stocks on a daily basis.Market breadth is important in trading because it helps to understand the health and direction of the overall market.The yellow arrows present how this indicator has bounced with the index following local bottoms.The current level seen in the oscillator shows a significant divergence with price that speaks by itself about how weak is the market. The oscillator has bounced even less than Oct 2023 in the middle of a correction.A divergence is a warning, not a timed signal, so it's worth watching th
SPX McClellan Oscillator - A significant divergence with price
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115
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CS_Tradess
·
06-09

It was an epic flush on $IWM for over 200%!!!

Last trade of the week! It was an epic flush on $iShares Russell 2000 ETF(IWM)$ for over 200%!!! 🔥Heres the main bullet points so you can catch trades just like this one ⬇️• The Previous Day Low! Anytime price opens below the PDL that becomes the main resistance zone to watch. If price rejects it on the retest, keep your focus on puts.• When you see a support level getting this much respect. Keep that break on watch! It’s where the momentum will likely start to pour in!• Know your basic chart patterns! This “bear flag” looks straight out of a textbook. Adds confirmation on direction.• 2 minute strategy! We all know and love it. This trade checked all the boxes!Overall just great chart for us to study and learn from. Moves like this happen almost ev
It was an epic flush on $IWM for over 200%!!!
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JaminBall
·
06-10

Clouded Judgement - Budgets are Bifurcating

I have showed some data that highlighted the struggles of software companies. Companies are missing guidance at a historically bad rate, and there wasn’t a clear / obvious answer why. Did macro really get worse? Are AI native software companies starting to eat everyone’s lunch? Did a Q4 budget flush pull forward Q1 deals and create Q1 softness? I think the answer is actually something different - budgets are bifurcating.Every company from the smallest startup to largest enterprise is looking to transform their business with AI. If they don’t, they risk becoming irrelevant. It’s an existential urgency. And these transformations are not cheap! It used to be trendy to say AI budget was all additive and didn’t cannibalize other budgets (I may have even said this at one point…) but the reality
Clouded Judgement - Budgets are Bifurcating
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85
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Callum_Thomas
·
06-10

Weekly Stockmarket Survey - Bullish (Fundamentals)

Your equities view/positioning is (primary reason in brackets): $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2406(ESmain)$ [Bearish = rising yields] [Bullish = falling yields]Bullish (Fundamentals)29.7%Bullish (Technicals)26.5%Bearish (Fundamentals)29.2%Bearish (Technicals)14.6%Your *bonds* view/positioning is for practical purposes assume this is US ~10-yr Treasuries (primary reason in brackets): Bullish (Fundamentals)41%Bullish (Technicals)15.5%Bearish (Fundamentals)36%Bearish (Technicals)7.5%The Ten Biggest Stocks Through Time:Huge changes over the yearsMany came and wentFew stayed on topMakes you wonder what will 2030's
Weekly Stockmarket Survey - Bullish (Fundamentals)
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771
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TopdownCharts
·
06-10

Weekly S&P500 ChartStorm - Stock correlations are extremely low (a risk flag)

Learnings and conclusions from this week’s charts: $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ(.IXIC)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $DJIA(.DJI)$ $GLOBAL X DOW 30® COVERED CALL ETF(DJIA)$ $Cboe Volatility Index(VIX)$ Risk pricing is extremely calm (credit spreads, VIX).Stock correlations are extremely low (a risk flag).The market almost* never peaks in June (*only once before).Tech stocks are expensive vs history and vs the rest o
Weekly S&P500 ChartStorm - Stock correlations are extremely low (a risk flag)
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148
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SmartReversals
·
06-11

SP500 Daily Chart - The candle does not suggest any bearish reversal

$S&P 500(.SPX)$ The week kicked off in the red, but prices bounced back throughout the day, ultimately eking out a modest 0.26% gain. The key central S/R level for the week held firm.The candle does not suggest any bearish reversal, and unless the CPI is leaked tomorrow, a muted session ahead of big Wednesday is expected.Echoing last week, Wednesday may again dictate the week's direction.Worth noting: $Cboe Volatility Index(VIX)$ jumped and ended the day +4.26%TNX jumped almost 1% $S&P 500(.SPX)$ Stochastic is curling down $Apple(AAPL)$ fell 1.91%, but who cares, all the other big guys jumped.
SP500 Daily Chart - The candle does not suggest any bearish reversal
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463
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EdithHardy
·
06-11
$NVIDIA Corp(NVDA)$ If you bulls trust these analysts so much why not consider the $47 PT? Matter of fact these PTs are a one year price target and you're sitting at the top of most averages which should tell you there's bound to be a retracement below the average PT which puts you at a 20 to 30% pullback. Hope you realize institutions don't really keep adding here but more like start to distribute in to different channels. It's just a matter of time before you see some major sell-offs. The last one gave you a 10% haircut back on April 19th down to 750 pre split. You know the market makers aren't always gonna pick you back up at the top and eventually will leave you stranded to DCA your own way back. Just saying be humble
$NVIDIA Corp(NVDA)$ If you bulls trust these analysts so much why not consider the $47 PT? Matter of fact these PTs are a one year price target and...
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209
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CS_Tradess
·
06-11

Todays levels & zones on QQQ

$Invesco QQQ(QQQ)$ Keep it simple.Simple is good.Simple is repeatable.Simple is easy to execute.Today’s pre market game plan took less than a minute to read, played out to a tee, and paid really well 🤙ImageCheck out yesterday’s post showing one of our staple Team2 setups, then compare it with today’s QQQ chart!The similarities are mind blowing 🤯 Simple repeatable setups is the name of the game. Find a couple! Rinse & repeat those things to the bank!Imagehttps://x.com/cs_tradess/status/1800378580993716451
Todays levels & zones on QQQ
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