$Tesla Motors(TSLA)$ TSLA share price has only one way ro go - up! Having fallen to this low below 240, the stock has to be a buy for the following five reasons: 1. earnings report on 23rd July - as long as it is not a "bad" one, TSLA woulld trend upwards; 2. the coming of the robotaxis next month which is a gamechanged event in itself; 3 the AI effect that Tesla as a company enjoys; 4. the huge momentum as seen in TSLA price in most of the revent trading sessions; 5. the name Elon Musk - one that creates fears and joys for investors. Hence no matter which way the repoet goes TSLA share price would continue to fluctuate with higher highs and lower lows for which day trafees can vapitalose on m
Kamala Harris replacing Biden has been news that has long been brewing. Over the past weeks, daily calls for Biden to step out of the race has increased, fueled particularly by the poor Trump-Biden debate perfomance, and precipitated by the increased approval ratings post Trump's "shot to fame". What would this do to the stock market? Personal insights below: 1. Overall positive outlook of the stock market. Biden is out, no matter whether Harris or Trump wins, the outlook looks bright. Market performed well during Trump's tenure as president, and Americans are likely to remember that. In addition, the fact that he represents the republican party, and that he runs a successful business empire, also lends weight to the argument that the markets are likely to outperform should he win. O
Hello everyone! Today i want to share some macro analysis with you!1. $Gold - main 2408(GCmain)$$XAU/USD(XAUUSD.FOREX)$ "Black Friday" is really different! Gold continues to fall! There is no chance of rebound at all! However, the integer of 2400 is a strong support level! Following the trend, gold is expected to continue to fall! There is a chance to reach around 2390! If it rebounds around 2415, you can choose to continue to enter the sell order! The target is 2395! 2.In the news, the market's expectation of a Fed rate cut in September is as high as 98%, which has supported the price of gold to some extent. Recent statements by Fed Chairman Powell have also boosted market confidence that in
Jim Covello, $Goldman Sachs(GS)$ ' "Best Analyst," recently declared that he's convinced the AI bubble will burst, and the reckoning is inevitable. He said it might not be this year or even next, but it's coming. In his view, corporations splashing billions on AI won't spark the next economic revolution – not even close to what smartphones and the internet did. When that reality sinks in, all those AI-fueled stock rallies will tank. "Most tech transformations, especially game-changers, replace expensive solutions with cheap ones," said Covello, renowned for his tech sector insights at Goldman Sachs. "Replacing jobs with super expensive tech is the opposite."Covello's leading a small but growing chorus of skeptics who reject the notion that big langu
$Invesco QQQ(QQQ)$ - Daily Chart:$471 is the key level to watch next week, there is confluence between a monthly S/R level and the 50 moving average.It was a long wait for this pullback, the daily chart is back in the game, and also the weekly, which was screaming that technicals needed a reset.Will this be a crash?No. the reason was published last Wednesday (link in bio).Imagehttps://x.com/SmartReversals/status/1814401873799197145
DJI: Weekly Shooting Star Points to Potential Decline
$DJIA(.DJI)$ - Weekly Chart:Usually bearish.This weekly shooting star is a significant event, and as highlighted in yellow for previous cases it has been followed by a decline, which is something anticipated in the previous Weekly Compass: a touch to the higher Bollinger band before a decline to the lower one.The annual level highlighted will be tested; that line is a good reference to stay bullish above it or bearish below it considering that oscillators are in reversal setup.You know that the market had not declined, one of the reasons was that Dow Jones had not reached overbought levels.https://substack.com/home/post/p-146802459
The bearish reversal signals highlighted in the latest Weekly Compass edition proved accurate, with the market experiencing a decline consistent with an overextension and breaching the central S/R levels published previously.The good news for bulls is that a rare bullish signal was triggered on Tuesday. In the 70 years prior, there have been 25 similar occurrences, and in 92% of those cases, the S&P 500 was in the green zone with a single-digit percentage gain above the bullish breadth thrust after two and three months. Additionally, the S&P 500 was two percentage digits above the signal after six and twelve months in 96% of those cases.However, the upward path is not a straight line. These bullish signals often occur alongside overbought conditions, followed by a pullback, as disc
$Costco(COST)$ - Weekly Chart:Technicals don't matter in overextensions until they do.This chart was posted when the latest shooting star candle appeared, highlighting similarities with past instances when RSI was at the same time in overbought conditions.Price continued to rise until the downward momentum intensified (elevator down).A bearish MACD crossover is imminent.All eyes are now on the 10-week moving average. $Cboe Volatility Index(VIX)$$S&P 500(.SPX)$$SPDR S&P 500 ETF Trust(SPY)$$Invesco QQQ(QQQ)$$iShares Russell 2000 ETF(I
Tech stocks led the decline due to a significant market rotation
The $Cboe Volatility Index(VIX)$ closing above 13.8 confirmed an impending pullback for $S&P 500(.SPX)$ , which started on Wednesday. Tech stocks led the decline due to a significant market rotation.All seven tech mega-cap stocks including $Tesla Motors(TSLA)$ , performed as expected, following their weekly setups and moving $NASDAQ 100(NDX)$ . ImageDespite this, Bitcoin surged also as anticipated, following previous patterns mentioned in this publication.This is the analysis for Bitcoin included in the Weekly Compass two weeks ago.Precision at the bottom 🎯, BTC has rallied since then. This is an example of how relevan
$S&P 500(.SPX)$ - McClellan Oscillator🟢The rapid improvement in breadth compares with recent occurrences, including the beginning of November where another bredth trust was triggered. As it happened last Tuesday.🔴An immediate reversal in breadth is completely normal, May 2024 is a fresh example; and there are more in the chart.ℹ️The indicator is overheated above 70 and the opposite happens at -70, April 2024 is another recent example. Worth noting that the zero zone sometimes brings some consolidation, sometimes.From the McClellan Oscillator perspective, there is room to reach a major bottom. Any possible bounce would come from support levels or other technicals published yesterday (click in bio).🔵Another take from this chart is the bullish di
The next few weeks will tell us a lot about the future of AI investment. But I wanted to note a few startup “exits” that should be cause for concern because it’s startups that provide the asymmetric upside for investors and employees. $Microsoft(MSFT)$ has invested over $10 billion in OpenAI and is now diversifying to run other models, $Meta Platforms, Inc.(META)$ ’s Llama model, and is investing in other AI startups.Inflection AI was “acquired” by $Microsoft(MSFT)$ in a convoluted deal that involved hiring the company’s staff and licensing the technology developed at the startup. The price paid was enough to make investors whole, but not provide a return on the
Last Friday, the three major U.S. stock indexes closed down collectively, with most large technology stocks falling, Tesla falling more than 4%, and Intel falling more than 5%. There is really not much to say about the U.S. stock market. There is no bad news in the news, and the expectation of interest rate cuts is also full. The decline may be because the previous rise was too much, and the bulls began to take profits. This morning I saw the news that Biden withdrew from the campaign and supported the nomination of Harris. I believe everyone is not surprised by this, because I have already talked about it in the circle on Friday. It may also be expected that the news has not reacted much to the news. Buffett reduced his holdings of Bank of America by $1.476 billion again after four years.
$CapLand IntCom T(C38U.SI)$ interest will be reducing. Loan rate will be improved for big company that rely on interest payment. Still not too late for upcoming dividend Watch fireworks here!! https://youtu.be/NmjWAPGuPq4?si=U8rAHGhErj3_9rLJ
Weekly: A big rotation continued with tech stocks sell-off
Last Week's RecapThe US Market - A big rotation continued with mega-cap tech stocks sell-offA big rotation with the $S&P 500(.SPX)$ after hitting fresh record highs early in the week. The Dow and Russell 2000 had strong gains, but came off mid-week peaks.The $NASDAQ(.IXIC)$ fell 2.77% on Wednesday, suffering its worst one-day loss since 2022. The S&P 500 and Nasdaq weekly slipped 1.97% and 3.65%, respectively, marking their biggest weekly losses since April.Half of the $DJIA(.DJI)$ ’s 30 constituents ended the week with a gain. UnitedHealth Group (UNH) led the way with a 10.5% gain. However, mega-cap technology stocks dragged the Dow.Gold
Hello everyone! Today i want to share some option strategies with u!1.Our trading recap for the week: ✅ Solid performance on the weekly optionselling trades with a net profit of $12,404.72 📈❌ Got killed on our long-term tech stock holdings and longer-expiration sold puts, so this portfolio is down quite a bit from where it was a week ago 📉◻️ No assignments and rolled just one position to this upcoming week's expiration◻️ Gonna be a big earnings week coming up ... be prepared for more volatility◻️ Follow and stay tuned ... will post optionsTrading ideas in a separate post2.Our optionselling game plan for this week with July 26 expiration.Current trades in play:- $ASML Holding NV(ASML)$ 855 put. Rolled this from 900 strike that was expiring last wee
As a trader who closely monitors $Boeing(BA)$, I'm increasingly concerned about the recent developments with their largest union. Here's why this could be a major headwind for the company. Boeing's union, representing over 32,000 machinists in the Seattle area, overwhelmingly voted to authorize a strike if contract negotiations fail. Their demands are significant: a 40% pay raise and reinstatement of the company pension program eliminated in 2014. While compensation is a key issue, the union also wants guarantees that Boeing's next new airplane will be built in Washington state. This highlights job security concerns among workers, which could further strain the relationship with management. BA Daily Chart From a technical analysis standpoint, the s