To The Moon

Overview:  The ongoing strike at Boeing $Boeing(BA)$   has created significant market implications, with more than 30,000 union workers walking off the job, demanding higher wages and an improved pension. As Boeing's stock fell 3.7% on Friday, the broader market remains concerned about the potential long-term effects on Boeing’s financial stability, which has already been weakened by a $60 billion debt burden. While the strike poses risks for Boeing, it also presents opportunities for strategic investors to capitalize on market volatility. Aerospace Industry Under Pressure:  Boeing's stock has plunged nearly 40% year-to-date, reducing its market value by approximately $58 billion. The strike adds fu

Overview:  The release of Apple’s $Apple(AAPL)$  iPhone 16 series has sparked a significant pre-order wave in China, outperforming initial market expectations. Despite competition from Huawei's foldable phones, Apple’s loyal customer base remains robust. With platforms like Tmall, JD.com$JD.com(JD)$  , and Pinduoduo $PDD Holdings Inc(PDD)$   reporting high pre-sales, this product launch is expected to drive notable revenue growth for both Apple and key Chinese e-commerce companies. Investors can benefit by focusing on companies poised to capitalize o

Overview of the Market:  Ford’s $Ford(F)$  CEO, Jim Farley, recently acknowledged the rapid advancement of Chinese electric vehicle (EV) manufacturers, highlighting them as a critical threat to traditional automakers. The swift progress of Chinese companies like BYD$BYD Co., Ltd.(BYDDY)$  , leveraging low-cost supply chains and AI-powered technologies, has disrupted the global EV market. Ford has responded by shifting its EV strategy, focusing on smaller, more affordable electric vehicles while leveraging insights from China. This move presents both risks and opportunities for investors in the auto industry, as Ford navigates this

Overview of the Market:  TSMC's $Taiwan Semiconductor Manufacturing(TSM)$  announcement that its 2nm chip production will commence in 2025 is a game-changer in the semiconductor industry. Experts believe this milestone will solidify TSMC's position as the leader in advanced manufacturing technology, with significant implications for its ecosystem. Apple $Apple(AAPL)$  and AMD $Advanced Micro Devices(AMD)$  are expected to be the first adopters, which highlights the dominance TSMC has established over rivals Intel $I

Four days until the #FOMC meeting, where Powell will likely cut by .25 (odds are currently 50% for .25 and 50% for .50). The similarities between 2007 and 2024 are wild! Charts in comments: Fed's First Rate Cut: Sept 18, 2007 Sept 18, 2024 (high probability) Unemployment Rate Sept 2007: 4.7 Sept 2024: 4.2 US Inflation Rate YoY Sept 2007: 2.5 Sept 2024: 2.5 US Housing Starts: Sept 2007: 1.238 Sept 2024: 1.235 US Leading Economic Activity Sept 2007: 100.4 Sept 2024: 100.4 US Existing Home Sales Sept 2007: 4.5 Million Sept 2024: 3.95 Million (This post is not calling for a 2007 crash. I am simply pointing out the intriguing similarities in timing and economic indicators.$S&P 500(.SPX)$  

$S&P 500(.SPX)$ dips should keep getting bought up quickly until we cross at least 5651. Watch the 5601-5560 zone for support, with 5601-5584 being the sweet spot for a strong bounce on the next dip.Once 5651 is taken out, expect a 2nd wave pullback, but it’ll likely be another buy-the-dip opportunity, pushing price to 5880-5935, or even 6080 for the final leg up $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$

The weekly candle's formation closely resembles the patterns that have historically preceded bullish rallies, as illustrated in the chart. While I anticipated further declines on Monday before a rebound, the market actually bounced due to oversold breadth as indicated by the McClellan Oscillator. Price remained in consolidation on Tuesday, and the anticipated additional dip occurred on Wednesday, followed by the expected bounce.Beyond the weekly levels, the 20-week moving average provided robust support, reinforced by its confluence with the lower edge of volume shelf “A”. This expanding shelf is likely to offer support during any short-term volatility related to interest rate cuts. Additionally, the annual support level indicated in the chart proved effective in bolstering prices.The Fede