Amazing how good pr and consistent guidance can help reignite bullishness in a company. A lot of Chinese firms can benefit from this kind of interaction with the investing community. 1. $Alibaba(BABA)$$BABA-W(09988)$ Something that BABA has that no other US ecommerce giant can hope to achieve: Stock Connect access giving tens of millions of mainland stock investors the first opportunity to own shares. Investors know they’re getting a good deal today.1st day HK volumes were off the charts. 2nd day was about 2x daily average. The longer term expectations are for 20% higher volumes for Alibaba in HK due to influx of mainland investors.2. $NIO Inc.(NIO)$
1.US is Expensive, Global cheap, why:-US earnings = exponential curve-global earnings = sigmoid curveLong-term Market Perspectives: Image2.Recession Risk is Rising3 different measures of the cycle3 different sources of informationall 3 saying recession risk is risingImage3.Low inflation has in recent decades been associated with higher stockmarket valuations... but it is a mixed bag.(also depends on rates, economy, etc)Imagehttps://x.com/Callum_Thomas/status/1833943840295673930
$S&P 500(.SPX)$ - Two Bullish Crossovers AlreadyThe resistance was the 5DMA on Monday; the 50DMA on Tuesday; and the 20DMA on Wednesday.The Stochastic crossover was proven true, as the one between 20 and 50DMA.For this week, I made public a key level that is updated every week: $5478. That level was consolidated today, and it has flipped from Resistance to Support.Daily price action moves between levels, there is no exception (The first weekly resistance level where it closed today was a number drawn since Friday for Subs).And what about the bottom today? See the lower Bollinger Band.Bullish chartImagehttps://x.com/SmartReversals/status/1833964740965503212
$NVIDIA Corp(NVDA)$ - Daily Chart:Is the chart bullish? Yes it is, considering the candle full of conviction and validated by high volume. The Stochastic is bullish, and a bounce from the lower Bollinger band has sent price to the higher one.Is the 50DMA a potential hurdle? Yes, given the confluence with 20DMA.Is that a cause of extreme concern?Firs of all, risk can be managed using the S/R levels, and secondly, when you know the financials and key business elements from the company you can have an extra-edge. That fundamental information is in the latest publication, with detailed evolution of key indicators.Imagehttps://x.com/SmartReversals/status/1834013693492769202
Market SnapshotSingapore stocks opened higher on Thursday. STI rose 0.7%; SIA rose 0.5%; DBS rose 1.8%; OCBC rose 0.6%; UOB rose 0.7%; Seatrium rose 1.9%; AEM 3.3%; Dyna-Mac rose 25.3%.Stocks to Watch$Sabana Reit(M1GU.SI)$: The Reit’s manager said on Wednesday that the former master tenant of the Reit’s premises at 33 and 35 Penjuru Lane has started the necessary process to enter into a creditors’ voluntary liquidation. The manager is taking legal advice and will take active steps to protect the interest of the Reit, including mitigating any losses arising from this development. Units of Sabana Reit closed flat at S$0.35 before the news.$Dyna-Mac(NO4.SI)$: South Korean company Hanwha has launched a v
Artificial intelligence (AI) software company $C3.ai, Inc.(AI)$ has just released its quarterly earnings. Overall, it beat on earnings and revenue expectations as it posted its fiscal first-quarter financial results on 04 Sep 2024. Q1 2025 Earnings. Company reported a loss before certain costs (eg. stock compensation etc…) of -$0.05 per share, vs Wall Street’s forecast of a wider loss of -$0.13. (see above) Revenue for the period spiked +21%, coming in at $87.2 million, vs Wall Street forecast of $86.9 million. What CEO Said. C3 AI, Chief Executive Thomas Siebel has remarked positively: The company is off to a “solid start” for FY 2025. Rising demand for enterprise AI helped to drive company’s “6th” consecutive quarter of accelerating revenue growth
11 Sep Market Turnaround In Late Session To Close At Highs
Wednesday’s stock market trade started on a downbeat note after the release of the August Consumer Price Index (CPI). The August CPI came in at 0.2% same as the consensus and previous, but we saw an increase of August Core CPI which came in at 0.3% higher than both consensus and previous of 0.2%. The CPI report started to trigger selling interest due to the understanding that core-CPI, which excludes food and energy, remained above the Fed's 2.0% target at 3.2% year-over-year. We also saw the Weekly MBA Mortgage Applications Index came in at 1.4% lower than the previous at 1.6%. The important note of the report has investors understanding that core inflation is sticking stubbornly above the Fed's inflation goal of 2.0%, which is oriented around the PCE Price Index. The elevated core readi
A lazy and well summarized pack for busy readers here! Harris vs. Trump Policy Debate: 11 Key Issues Overview Trump VS Harris 📈 Economy: Opportunity vs. Crisis Harris proposed an "opportunity economy" plan, emphasizing the ambition and dreams of the American people, while Trump criticized the current economic situation, calling inflation a "national destroyer." 🛂 Immigration: Out-of-Control Borders? Harris criticized Trump for making a big issue out of immigration, while Trump claimed the U.S. is failing due to illegal immigration. 👶 Abortion: Rights Showdown Harris promised to restore protections from the "Roe v. Wade" case, while Trump was accused of planning to sign a nationwide abortion ban if elected. 🔫 Security: Assassination Talk Trump mentioned assassination threats, suggest
AMD Poised For Better Upside After Messy GPU Roadmap Clear, Annual Chips Upgrades
When we looked at the world of AI, there is a desperate search for an alternative search for an alternative to $NVIDIA Corp(NVDA)$ CPUs, and $Advanced Micro Devices(AMD)$ is stepping up to the plate. AMD detailed its updated GPU roadmap, with new hardware coming in 2024, 2025 and 2026. AMD previously released GPUs on a roughly 1.5- to two-year cycle, but overwhelming demand for AI hardware is weighing on the company. For the first time, AMD announced the MI400 GPUs, which the company will release in 2026. It is positioned as the Nvidia GPU killer for 2026. AMD’s plans for 2024 include the MI325X GPU, followed by the 3-nanometer MI350 next year in 2025, with both based on HBM3E memory. AMD Roadmap Clearer
I View Feds Rate Cut As A Positive Sign For Singaporeans
🌟🌟🌟I view the forthcoming Feds Rate cut in September as a positive sign for Singaporeans. For starters, the home loan rates will start to come down and this could spur another real estate boom. Another position impact would be felt in the Singapore stock markets especially in the SReits sector. Just this week several of my stocks and SReits have hit 52 week highs. For example $STI ETF(ES3.SI)$ which tracks 30 of the best and strongest Singapore blue chips companies is up at its 52 week high. The Top 10 holdings include the 3 Singapore Big Banks DBS, OCBC and UOB as well as Singtel, Capitaland Integrated Commercial Trust, Capitaland Ascendas REIT, Singapore Exchange, Jardine
Tech Stocks Returning To Normalcy Ahead Of Next Week Fed Meeting
Stocks bounced back Wednesday afternoon, boosted by tech shares. Earlier, a core inflation reading came in slightly higher than expected and dashed hopes for a larger rate cut. While the overall consumer price index came in lower than expected last month, core inflation rose 0.3% in August on a monthly basis, slightly more than predicted. Inflation is still back to levels not seen since 2021, but that may not be enough for markets. The Federal Reserve has signaled it is ready to start cutting interest rates, but the new inflation data seems to favor a cut of 25 basis points, instead of the more aggressive half percentage point cut investors were increasingly counting on. Core CPI Came In Higher In August Price growth continued to soften in the US last month, falling to its lowest level sin
Today's market action can be described as a "bump-and-drop" decline, where any data point is seized upon as an excuse to sell regardless of the actual details.August core CPI rose 0.3% month-over-month versus 0.2% expected, implying inflation did not continue decelerating as hoped. Analysts suggested this could prompt Powell to skip a rate cut altogether, hence the bearish reaction.However, trader tools still show consensus expectations coalescing around a 25bps hike. And I noticed the past few days saw institutions struggling to hold back from aggressive call buying in tech names. So let's call a spade a spade - this is just garden variety pullback behavior, no need to grasp at straws for excuses.The core issue appears to be tech trailing the broader market selloff, which has traders lean
Overview of the Market: Palantir’s $Palantir Technologies Inc.(PLTR)$ recent performance has sparked significant interest, especially after its inclusion in the S&P 500$S&P 500(.SPX)$ . The stock surged by over 12% following the announcement and a key AI enterprise deal with BP. However, with price predictions varying and notable sales from major funds like Ark Invest, the question remains: is Palantir a long-term buy or is it time to exit? Ark Invest's Recent Sale: A Signal or a Rebalance? Ark Invest’s recent sale of 124,626 shares of Palantir, valued at approximately $4.3 million, has raised eyebrows. The sale, representing only 0.0812%
Overview of Markets: Palantir Technologies (PLTR) $Palantir Technologies Inc.(PLTR)$ has surged in the market following the announcement of its inclusion in the S&P 500, effective September 23. The broader market saw mixed performance as investors continue to navigate concerns over inflation, interest rates, and economic uncertainties. While tech stocks experienced gains, driven by positive sentiment around AI and big data, sectors like utilities and real estate showed more tepid results as higher borrowing costs weigh on growth prospects. Palantir's S&P 500 Inclusion Boosts Momentum: Palantir's stock has doubled year to date, with a notable 14% jump following the late Friday announcement of its inclusion in the S&am
Chevron Corporation (CVX) is a global leader in the energy sector. It engages in the exploration, production, and refining of crude oil and natural gas. They operate worldwide, with significant activities in North America, South America, Europe, Africa, the Middle East, and Asia-Pacific. Chevron also manufactures and markets petrochemicals through its affiliate, Chevron Phillips Chemical Company LLC. Below we update the long term technical Elliott Wave outlook for the company. Chevron Monthly Elliott Wave Chart Chevron Monthly Elliott Wave Chart Monthly Elliott Wave Chart of Chevron (CVX) above shows that the stock has ended wave ((II)) Grand Super Cycle degree at 51.5 on March 2020. From there, it has started a new impulsive wave ((III)). Up from wave ((II)), wave (I) ended at 189.68 and
Will Costco Wholesale (COST) Continue Bullish Rally?
Costco Wholesale Corporation., (COST) engages in the operation of membership warehouse in the United States & globally together with its subsidiaries. It offers branded & private-label products in the range of merchandise categories. It also operates e-commerce websites in the US, Canada, UK & many other countries. It is based in Issaquah, Washington, comes under Consumer Defensive sector & trades as “COST” ticker at Nasdaq. As shown in the last article, COST ended ((4)) at $793 low & favors upside in ((5)) to finish III sequence in daily. It already broke to new high above ((3)) & expect short term extension towards $921.44 or higher levels to finish III. COST – Elliott Wave Daily View From 7.29.2024: COST – Elliott Wave Daily View From 7.29.2024: In We
Gold Prices Steady Amid Uncertainty – Will Rate Cut Be 25 bps or 50 bps?
Overview: Gold Prices Hold Steady as Market Awaits Inflation Data Gold prices held steady on Tuesday as traders remain cautious ahead of key U.S. inflation data, which could provide further clarity on the Federal Reserve’s next interest rate cut decision. In the gold futures market, prices rose 0.4% to close at $2,543.1 per ounce, while spot gold reached an intraday high of $2,518.48 per ounce, up 0.48%. Traders are adopting a wait-and-see approach in anticipation of upcoming U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) data, expected on Wednesday and Thursday, respectively. Both reports are crucial indicators of inflationary trends and will be pivotal in shaping the Fed’s decision on whether to cut interest rates by 25 basis points (bps) or 50 bps in its upcoming meeting
$Constellation Energy Corp(CEG)$ $DJIA(.DJI)$ $NASDAQ(.IXIC)$ Constellation Energy Corp (CEG) is the largest nuclear plant owner in the US. CEG has 32GW in generation capacity, which includes 22GW in nuclear capacity (>85% of CEG’s generation) and 11GW in capacity across natural gas, oil, hydro, solar and wind. CEG’s key customers include Fortune 500 companies, with its service areas near major data centre (DC) and manufacturing hubs, such as (i) Midcontinent Independent System Operator (MISO) (i.e., largest regional transmission organisation in US including states such as Indiana, Mississippi, Missouri, M