Largest weekly inflow into $SPDR S&P 500 ETF Trust(SPY)$ everďźImageâI donât care what the price, just get me in. The Golden Bull is about to trigger, and Mike Wilson has also turned bullish, even if way late â. MS Mike Wilson Fed caught Me and Mr. Market by surprise, evidenced by repricing of front-end curve. More bullish setup is taking place, and likely to persist if economic growth persists. $S&P 500(.SPX)$ $Invesco QQQ Trust-ETF(QQQ)$ $SPDR DJIA ETF(DIA)$ $E-mini Russell 2000 - main 2403(RTYmain)$ "It's just the Magnificent 7 driving this rally! What a load of clic
RTYmain (E-mini Russell 2000 - main 2406)
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Technical Charts: AMD, PYPL, NVDA, TSLA, CLSK, PANW, PLTR, IWM& .SPX
Hello everyone! Today I want to share some technical analysis with you! Hope it can help you!1. $E-mini S&P 500 - main 2406(ESmain)$ $S&P 500(.SPX)$ The December 12th breakout VWAP has been an important support level over the last week.Image2. $iShares Russell 2000 ETF(IWM)$ $E-mini Russell 2000 - main 2406(RTYmain)$ A daily break and close above this confluence area of the 3/31 pivot anchored VWAP and the S/R flip zone would definitely be a bullish move into May into the coming days.Image3. $Palantir Technologies Inc.(PLTR)$ A perfect bounce at the diagonal tren
Technical Charts: AMD, PYPL, NVDA, TSLA, CLSK, PANW, PLTR, IWM& .SPX
SPX extend to 4975-5000 over the next 3-4 weeks before the sharp decline
With the additional upside, SPX $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ is expected to continue to extend to 4975-5000 over the next 3-4 weeks before the sharp decline.However, we should see a buyable pullback to 4858-4846 before another leg up w/ 80-100 point potential for the 3rd of A of [W3].ImageWe shorted today's highs expecting a reversal to the white box area to then bounce đđES $E-mini S&P 500 - main 2403(ESmain)$ declined 25 points then rallied right off the white box â
We also expected further downside for RTY $E-mini Russell 2000 - main 2403(RTYmain)$ but to bounce at the orange box, &
SPX extend to 4975-5000 over the next 3-4 weeks before the sharp decline
SPX needs to trade sub:4790, otherwise, bulls can continue to extend to 4975-5000
$Eversource(ES)$ produced a new high post-market, which may unfortunately invalidate the fractal b-wave rally termination pattern. Therefore, odds may shift to $S&P 500(.SPX)$ trading to the 4975-5000 area over the next 3-4 weeks before the sharp decline.In order to reverse immediately, SPX needs to trade sub:4790, otherwise, bulls can continue to extend to 4975-5000.Watch for a pullback to the 4830s' range as if thats bought, the extended rally would be strongly favored.ImageImageWe recognized $E-mini Russell 2000 - main 2403(RTYmain)$ terminating its rally at the 2017 high đŻAlerts were sent suggesting a downturn as long as that high was not crossed âRTY
SPX needs to trade sub:4790, otherwise, bulls can continue to extend to 4975-5000
Small Caps have historically outperformed during US election years
Small Caps have historically outperformed during US election years. In fact, the $iShares Russell 2000 ETF(IWM)$ $E-mini Russell 2000 - main 2403(RTYmain)$ has outperformed the $S&P 500(.SPX)$ in 8 out of the last 10 election years. đImageHistorically, valuations have risen during Fed easing cycles, with the $SPX P/E Ratio expanding by 2.1 points. The last 3 easing cycles were different, however, with the $SPX P/E falling by an avg of 3.2 pts. The key difference in the past 3 cycles was the starting point - the start-of-period P/Es in the last 3 cycles were the highest of all 10 cases. For this cycle, 2024 is likely to have the 2nd highest P/E (1st â03) a
Small Caps have historically outperformed during US election years
Hedge Funds are still very underweight Small Caps despite the groupâs recent outperformance
Hedge Funds are still very underweight Small Caps despite the groupâs recent outperformance. According to MS Quant Desk, the L/S Ratio for Russell 2000 Names is in the 17th percentile since 2020 (near 3 year lows). $iShares Russell 2000 ETF(IWM)$ $Direxion Daily Small Cap Bull 3x Shares(TNA)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ Trust-ETF(QQQ)$ $E-mini Russell 2000 - main 2403(RTYmain)$ ImageThe Nasdaq's domination over Small Caps has never been greater.ImageOver the last 3 months, Hedge Funds have been selling stocks at a rapid pace. According to GS Prime, the comb
Hedge Funds are still very underweight Small Caps despite the groupâs recent outperformance
âMore bullish setup is taking place, and likely to persistâ
âMore bullish setup is taking place, and likely to persistâ
Russell 2000 (RTY) Soon Will Open Bearish Sequence
Russell 2000 (RTY) is close to breaking below 6.16.2022 low at 1640.70. A break below that level will open a bearish sequence from 11.8.2021 peak favoring further downside. Short term Elliott Wave View suggests that cycle from 8.1.2023 high is in progress as an impulse Elliott Wave structure. Down from 8.1.2023 high, wave 1 ended at 1832.8 and rally in wave 2 ended at 1934. The Index extended lower in wave 3 towards 1720.7 and rally in wave 4 ended at 1802.70. Wave 5 lower is currently in progress which should complete wave (1) in higher degree. Down from wave 4, wave ((i)) ended at 1724.30 and wave ((ii)) ended at 1792.90. The 45 minutes chart below shows the starting point of wave ((ii)) of 5. The Index then extended lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 1772.9
Russell 2000 (RTY) Soon Will Open Bearish Sequence
Quick Overview of SPX, IXIC, Russell 2000, Short & Mid-term Trend
My Points: In the short term,The Major indexes' DMA are getting cohesive, especially the 2H-MA shows the Long power is greater than the short party. According to the technical analysis, after CPI and FED results, the market may face a strong breakthrough (80% an upward direction).$E-mini S&P 500 - main 2303(ESmain)$ ,$NASDAQ(.IXIC)$ ,$S&P 500(.SPX)$ ,$DJIA(.DJI)$ ,$E-mini Russell 2000 - main 2303(RTYmain)$ .The point is my personal views, not as direct investment transactions,&
Quick Overview of SPX, IXIC, Russell 2000, Short & Mid-term Trend
2 hot stocks and 4 major futures indices volatility
1.Was just checking Toronto DT prices for Condos. They are still insanely expensive. If you are lucky enough to find a 2B condo for 700k then your monthly payment will be north of $4k (30yr am.) with maint. fees and property taxes included. How people are gonna afford this?We are just getting started. House prices dropped by ~27.5% from July/2006 high to Feb 2012 low. As of now, we are only down ~1.5% from June's high.2.TD on PSK$Prairiesky Royalty Ltd.(PREKF)$ 3.TD on RRC$Range Resources(RRC)$ 4.$E-mini Nasdaq 100 - main 2212(NQmain)$ NQ is down ~1.8%$E-mini S&P 500 - main 2212(ESmain)$ ES is down
2 hot stocks and 4 major futures indices volatility
SPX-Two Economy...
The end of last week could be considered crazy... In the markets, Friday was an almost full retracement of Thursday's gains... "Almost", because the markets still managed to hold the line. And that could open up the potential for a double bottom from the June lows... Remember that the fundamentals would not point in this perspective...Inflation with the latest US CPI above consensus expectations... The speech pointing to a US recession...Europe...see world, why not... The hawkish bias of the US Federal Reserve...to fight inflation...which has taken hold... However, However, have we seen a sell-off in the markets...in stock funds...in individuals...? That doesn't mean it won't happen... Source FactSet But, the feeling of "crash" of the previous weeks would be replaced more and more by an e
SPX-Two Economy...
Play the Long Game and Win
US Markets sold off last Friday June 10, due to hotter than expected inflation at 8.6% in May, stateside. All four major US indices have now clocked almost consecutive losing weeks, the likes not seen since the Great Depression in the 1930s (see Weekly charts from Tiger Desktop App below): Bellwether $S&P 500(.SPX)$ and tech-heavy $NASDAQ 100(NDX)$ clocked 9 losing weeks in the last 11 weeks Dow $DJIA(.DJI)$ fared the worst with 10 losing weeks in 11. Small cap $E-mini Russell 2000 - main 2203(RTYmain)$ performed better, but just, with 8 losi
Play the Long Game and Win
Quadruple Witching Day is Coming! Why Do We Care?
On the Quadruple Witching Day, four kinds of futures and options expire on the same day. They are: Stock options Index options Index futures Stock futures It occurs four times a year: the third Friday of March, June, September, December, at market close (4:00 pm ET). The Quadruple Witching Day in 2022: March 18 June 17 September 16 December 16 There is another term called the Quadruple Witching hour: the last hour of the trading session on Quadruple Witching Day. The term âwitchingâ suggests something wicked could happen, which indicates the chaos in the stock market on this day. Heavy volume Quadruple witching days witness heavy trading volume as options and futures contracts that are profitable settle a
Quadruple Witching Day is Coming! Why Do We Care?