To The Moon

The Federal Reserve is set to meet this Tuesday and Wednesday to discuss its next move on interest rates. Tom Lee, the research head at Fundstrat, predicted that after a major rate decision on Wednesday, U.S. stocks could see a rebound over the following weeks. First Rate Cut in Four YearsThe market expects the Fed to cut rates by 25 or 50 basis points, marking its first rate cut in four years. Given the supportive inflation data and the need for labor market support, this could boost market confidence. Lee believed the stock market will perform well during and shortly after the meeting.For months, Wall Street has anticipated a rate cut, especially as signs of economic weakness have emerged due to tighter financial conditions. According to the U.S. Bureau of Labor Statistics, while economi

NexGen Energy Ltd. (NXE) is a uranium exploration and development company based in Vancouver, British Columbia. They focus on high-impact projects in the Athabasca Basin in Saskatchewan, Canada. This area is known for having the highest-grade uranium deposits in the world. Below is the latest long term update of the stock. $NXE Weekly Elliott Wave Chart as of September 17. 2024 $NXE Weekly Elliott Wave Chart as of September 17. 2024 Weekly chart of NXE above shows that the stock ended Super Cycle degree wave (II) at 0.53. From there, the stock then rallies in wave (III) with internal subdivision as a 5 waves impulse. Up from wave (II), wave I ended at 6.5 and pullback in wave II ended at 3.4. The stock has rallied higher in wave III. Up from wave II, wave ((1)) ended at 8.88 and dips

Selling covered call options (sell covered call) is a strategy adopted by many large funds. It can also be used by retail investors in the US stock market.You can get income while holding it. This strategy is very suitable for stocks that have long-term positions, but they have not moved but they are not in a bearish position recently or are in a bearish position recently. It can be a good strategy for mature investors to roll over when holding some targets for a long time. Income comparison Assume that investors hold 200 shares of Amazon from January 1 to December 17, 2021 If there is no operation during the holding period, the final total assets will be USD 675,484 If the covered call strategy is carried out, it will be operated once a week; if 100 shares are sold after the exercise, ano

It's been 687 days since $Alibaba(BABA)$ $BABA-W(09988)$ made a new low.Just saying.Chairman Joe Tsai buying 1.45m shares over the past few weeks/months.Stock Connect inclusion finalized last week.BUT... company's business facing headwinds from a slowdown in China's online retail industry.A lot hinges on stimulus for the consumer.ImageOne more big ➕ for BABA is its nonstop buyback. 👇👇👇Imagehttps://x.com/BrianTycangco/status/1835884683906957579

$iShares Russell 2000 ETF(IWM)$ - Daily Chart:That daily candle is bearish, price was rejected at $221, a weekly S/R level projected since Friday🎯.Different from previous occurrences the Stochastic is not overbought, and similar to previous occurrences there is a MACD crossover preceding the price jump. Both are positive factors.If the pattern repeats, we can expect a pullback followed by higher highs in price and lower highs in the oscillator.But c'mon, that sequence of daily candles suggest a local top, so risk management* is key for longs.(*) Setting stops according to your risk tolerance while providing oxygen to price action.Imagehttps://x.com/SmartReversals/status/1836189704460365911

$Invesco QQQ(QQQ)$ - Daily Chart:The downtrend has repelled price, while the Stochastic indicator and the price action of the past three days suggest exhaustion.Compared to the previous $S&P 500(.SPX)$ chart, the technology sector appears less healthy. This is not only due to the lack of new all-time highs but also because of its proximity to the 50- and 20-day moving averages.Price action should quickly move towards volume shelves A or C after #FOMC decision.Imagehttps://x.com/SmartReversals/status/1836140790268977460

$S&P 500(.SPX)$ - Daily Chart:A muted day is not surprising ahead of the most important FED decision of the year.Price closed exactly at the Point of Control of the current volume shelf ("A"), and the Stochastic is at overbought levels 👀.In case of a negative reaction tomorrow, the closest defense area is between $5473 and $5513, considering the next volume shelf ("B") and the 50DMA.ImageThe market is pricing a faster pace of rate cuts than Bank of America does. Who is right?The expectation is that Powell sounds dovish, pointing out downside risks to the labor market and be data driven for further cuts. $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$

FED - Rate Cuts ExpectationsThere’s an unusual level of uncertainty in the market about the Federal Reserve’s upcoming September meeting. As of Friday's close, investors were anticipating rate cuts totaling 34 basis points. This includes a 36% chance of a more aggressive 50-basis-point cut, assuming the Fed cuts rates by at least 25 basis points. Looking ahead, the market is pricing in a total of 113 basis points in rate cuts over the next three Fed meetings. $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$

$Apple(AAPL)$ - Testing the 20 Weekly AverageIn confluence with $213.7 and the lower Bollinger band in the daily chart, this zone acted as a temporary support.$218 has to be recovered quickly, or the decline could extend to $205. $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2412(NQmain)$ $E-mini S&P 500 - main 2412(ESmain)$ Imagehttps://x.com/SmartReversals/status/1835981673281847310

**Trading Recap: Strategic Moves on SPYG, PLTR, and SOFI Options** In my latest trading session on September 17, 2024, I made several calculated moves across multiple positions. Here’s a breakdown of the strategy behind these trades and why I chose them: ### Fractional Share Purchases of SPYG and PLTR I bought fractional shares of **SPDR Portfolio S&P 500 Growth ETF (SPYG)** and **Palantir Technologies (PLTR)**. SPYG has been a core part of my portfolio due to its exposure to growth-oriented U.S. companies, giving me solid long-term growth potential. Meanwhile, I also purchased fractional shares of Palantir, a stock I regularly trade due to its strong presence in AI and data analytics, which aligns with my belief in the future of AI technology. ### Selling Put Options on SOFI and PLTR