$Alibaba(BABA)$ $JD.com(JD)$ have experienced a four consecutive weeks down moves, which have exceeded its one standard deviations price runs. In oder to break the sequence, it is possible that the price will move higher. $Bilibili Inc.(BILI)$ has experienced a six consecutive weeks alternating up and down moves, which have exceeded its two standard deviations price runs. In oder to break the sequence, it is possible that the price will continue the last up move. Standard deviation (SD) is a statistical measure that indicates how m
$Broadcom(AVGO)$I was actually looking at AVGO on last Friday afternoon for some calls but decided not to trigger because I didn't like the massive gap at ~1500; I thought 'ok this needs to be filled first before any upside' Then I found out the big boys absolutely slammed the stock at close on Friday for rebalancing so yes I'm glad I didn't enter any long I honestly have no idea how this news would affect the price action here - a gap down 'sell the news' to 1500 before reversing would be massively bullish A gap up that cannot clear 1877 will be quickly sold off Volume will be a big tell
AI's Promise vs. US Deficit Dilemma: Will Tech Save the Day for Stocks?
As 2024 is halfway through, the expected Fed rate cut is not only nowhere in sight, but it's also being pushed back again and again. Under these high-interest rates, the heavily indebted US government is struggling to keep afloat.At the current interest rate, the federal government will pay a whopping $870 billion in interest on its national debt in 2024, surpassing military spending for the first time, and that number is expected to break the trillion-dollar mark by 2025.High prices, high interest rates, high debt, and soaring US stocks — this combination is turning all basic economic theories upside down.So, which one will change first? And what domino effects will it bring? Where will the US stock market ultimately head?Can the AI revolution solve the deficit crisis?Initially, there wer
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Summary America's Car-Mart, Inc. shares dropped 8% after disappointing financial results for the final quarter of the 2024 fiscal year. Revenue exceeded forecasts, but earnings per share fell short due to rising interest expense and high provisions. America's Car-Mart saw a decline in vehicle sales, an increase in debt, and a rise in interest expense, impacting profitability and investor confidence. travelif/iStock via Getty Images June 18th was a rather painful day for shareholders of America's Car-Mart, Inc. (NASDAQ:CRMT). Shares of the company collapsed, dropping at one point around 8%. This came in response to management
BSX Should Pullback Soon Providing A Buying Opportunity
Boston Scientific Corporation (BSX) develops, manufactures & markets medical devices for use in various interventional medical specialties worldwide. It operates through MedSurg & Cardiovascular segments. It offers devices to diagnose & treat different medical conditions and offer remote patient management systems. It is based in Marlborough, US, comes under Healthcare sector & trades as “BSX” ticker at NYSE. BSX resumes higher in ((3)) of III showing from previous article from 1.29.2024. It favors upside in ((3)) & should finish between $68.86 – $81.53 area before correcting in ((4)). BSX – Elliott Wave Latest Daily View: In weekly sequence, it placed (II) at $24.10 low in March-2020 & II of (III) at $34.98 low in June-2022. Above there, it favors upside in (
Astec Industries: Expect Underperformance To Continue For As Long As Backlog Is Declining
Summary Astec Industries has been underperforming the broader market by quite a bit in recent months due to weak financial results. Despite improved 2023 fiscal year results, 2024 is showing signs of trouble with falling backlog and declining revenue and profits. The company's valuation looks fairly valued compared to similar firms, but with ongoing issues, keeping the 'sell' rating for now seems prudent. Jasonfang/E+ via Getty Images Back around the middle of November of last year, I ended up revisiting a company by the name of Astec Industries (NASDAQ:ASTE). Odds are, even if you haven't heard of the company before, you have had exposure to its industry. That is because the company is focused on producing and selling equipment and compon
Chart of the Week - Frontier Market equities are cheap
Frontier Markets is one of those obscure corners of Global Equities that often gets overlooked. There’s not much data and research on them, perceptions often see them as risky —not worth bothering with when you can just get emerging markets, and performance post-2008 has been fairly uninspiring.Firstly, what is it? I am referencing the MSCI Frontier Markets Index — basically it’s the next tier down from emerging markets (while developed markets is the next tier up). They tend to be smaller, less liquid, less developed stockmarkets vs those in Emerging Markets, but are still otherwise investable. See: MSCI country classifications.The country membership in this index is a bit of a revolving door — the best ones tend to get promoted to emerging markets, and then the worst emerging markets are
Hi everyone. Today I’ll be covering one of the few Cathie Wood stocks with great long-term prospects: Palantir Technologies Inc. (NYSE: PLTR) PLTR’s setup is long-term bullish - notice how we’re forming a rounding bottom setup with 29.19 as a key pivot. Last week, we closed with a nasty looking inverted hammer candle on the weekly chart, albeit on low volume. Not all of such candles result in a reversal, and it does help that last week had relatively low volume given the Juneteenth holiday. On the daily chart, I’m watching the 23.52 level very closely. A rejection and close below this level back in Nov’21 was what sparked a move down to historic lows, after serving as support on multiple occasions in the past. If PLTR is able to hold this level, it could invalidate the bearish hammer candl
$Apple(AAPL)$ what an amazing night? Running profit day and day! Continue holding it with $NVIDIA Corp(NVDA)$ sure fly back to the price level before splitting!
The "Seven Sisters" of the U.S. Stock Market | Nvidia's market value evaporated by more than $220 billion in two days, ending its eight-week rise, while Microsoft and Google hit record closing highs
On Friday (June 21), Nvidia (NVDA) closed down 3.22% at $126.57, with a closing market value of $3.113622 trillion. In the last two trading days, it has fallen back 6.7%, with a market value of $222 billion evaporated; this week, it has fallen 4.03% - ending the previous eight-week upward trend. Apple (AAPL) closed down 1.04% at $207.49, with a closing market value of $3.18165166 trillion, and the decline widened rapidly near the close. Microsoft (MSFT) closed up 0.92% at $449.78, with a closing market value of $3.34276496 trillion, and this week it rose 1.63%, rising for three consecutive weeks. Google's parent company Alphabet (GOOGL) closed up 1.89% at $179.63, setting a record closing high, and this week it rose 1.61%. Tesla closed up 0.79%, up 2.81% this week; Amazon rose 1.60%, appro
simple thinking : when u play darts. You can either consistently hit the board (high win rate), but maybe only in the low point zones. Or, you can aim for the bullseye (high profit) but miss more often. Therefore I am a strong believer that small, steady wins (high win rate) feel better. It keeps your confidence up and helps you avoid those stressful losing streaks. This is especially true if you're looking for a reliable income stream when you are older. You can achieve this with a good stratgy on options trading which I shared on tiger trading feed . follow Share and like ok:) High profit trades are awesome, like hitting the bullseye, but they can be trickier and harder to find. i would leave them for long-term investments in strong companies where you're com