Pullback Coming! Will You Shop on Sale?

Semi plunge led the market decline. --------------------------- Is this a healthy pullback or just the beginning of correction? Have you taken profit yet? When will you buy tech stocks again?

avatarTBITrades
07-28

My Watchlist [127]: LULU... Lemonade or a "Lemon"?

Hi everyone. Today I’ll be looking at an athletic apparel retailer: Lululemon Athletica Inc. (NASDAQ: LULU) LULU is trading in an ascending channel that has been making higher highs and higher lows. It has spent the entirety of the year, so far, correcting from the top of the channel to the bottom of the channel. The monthly Stochastic reading now sits at 0, 1 - this is considered an extreme oversold reading. The past few times LULU got this oversold on the monthly, it minimally gave a retaliatory bounce, if not a local bottom. For the weekly chart, the Stochastic is trying to put in a higher low. I’m just using the weekly chart to illustrate one of the major levels that I’m watching - 252.03. This level marked the bottom in May’22 and resulted in LULU making new ATHs. Should this level
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My Watchlist [127]: LULU... Lemonade or a "Lemon"?
avatarTrendSpider
07-25

No Pressure, Bulls.

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No Pressure, Bulls.
avatarTechnicalHunter
07-25

Important Level for $SPX & $VIX, Not that Pessimistic?!

$S&P 500(.SPX)$ Heisenberg's Chart Update: What a day today huh?! First 2% drop close in god knows how long. Anyhow, we look forward bretherns! I can see a small mini reprieve bounce near term here. And then we trek further lower to fill that 5,375 gap fill, causing the Daily RSI to hit oversold conditions similarly to April's 5% correction. Heisenberg on XSeth Golden: VIX has signaled a RISK-OFF event when 10-Day ROC crosses 40. Historically, this has proven a $S&P 500(.SPX)$ BUY signal with forward 3 and 6-month positivity rates 84% and 91% respectively. If you have 3-6 months and cash...Seth Golden on X @TRIGGER TRADES : Watch for the 5467-
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Important Level for $SPX & $VIX, Not that Pessimistic?!
avatarnomadic_m
07-23
Key takeaway from this market pullback: diversification is crucial. Overallocation to semiconductors caught me off guard. To rebalance my portfolio, I'm diversifying into $Eli Lilly(LLY)$ at a 10% discount from its all-time high. Here's to a more balanced and profitable week ahead! 🎉
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avatarTBITrades
07-21

My Watchlist [125]: SMCI... The Situation.

Hi everyone. In this newsletter, I’ll be looking at another semiconductor name: Super Micro Computer, Inc. (NASDAQ: SMCI) Among all the semiconductor stocks, SMCI has a very interesting chart. It has been consolidating in a bullish pennant formation since Mar’24 with higher lows and lower highs. RSI is putting in a hidden bullish divergence, while the Stochastic RSI has started to move out of the oversold region. Given that bulls are right 80% of the time, this is the more likely scenario. However, an alternative interpretation is that SMCI is trading in a descending channel instead, and we might see a larger correction over the next few months. The uptrend we have seen since April might instead be a bearish channel before a larger move down. In that case, how do we know which interpretat
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My Watchlist [125]: SMCI... The Situation.
avatarTBITrades
07-21

My Watchlist [124]: CRWD... Crowded Trade?

Hi everyone. Today I’ll be covering one of Palo Alto Network’s main competitors in the cybersecurity space: CrowdStrike Holdings, Inc. (NASDAQ: CRWD) CRWD is currently trading in an ascending channel (in green) with higher highs and lows. In recent times, we saw a markup in trend (in blue) with a tighter ascending channel forming as we headed back to retest the top of the channel. CRWD is retesting channel support for the first time since Oct’23, on the back of the 2024 CrowdStrike Incident where worldwide systems crashed due to a faulty security update issued by the company. CRWD also retested an area that was previously resistance in late-2021 (prior ATHs at 298.48) and held that level. Stochastics have effectively been reset with a reading at the extreme oversold end (0, 3), while RSI
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My Watchlist [124]: CRWD... Crowded Trade?
avatar1PC
07-21
$SGX(S68.SI)$ $SGX(S68.SI)$  SGX showed strong resilient against STI last week. STI drop from High of 3509 to close at 3447. (3 banks also follow accordingly) While SGX buckle the dropping movement and Bounce back up. From MA Line Bullish Set up$SGX(S68.SI)$  , it seems they are poised for upwards 👆 actions this coming week from 22-26Jul. I'm excited and anticipating SGX to create a New Higher High this week [Bless]  [Bless]  
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avatarNzl
07-20
I agree with this, fantastic results 
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avatar大吉大利 发大财
07-19
Alligator is waiting 
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avatarFelixZpp
07-19
Waiting for a big drop?
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avatarFelixZpp
07-19
Waiting for a big drop
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avatarSamlunch
07-19
$SPDR S&P 500 ETF Trust(SPY)$   We just witnessed history: It has now been 352 trading days without a 2% down day in the S&P 500, the longest stretch in 14 years. This is also the 10th longest streak in the history of the stock market. With the election and Fed in the spotlight, we have seen multiple daily drops of 1%+ over the last couple of weeks. Periods of low volatility are almost always followed by periods of high volatility. The current period of low volatility is coming to an end.
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avatarMAH18
07-19
What pullback. Have been down USD 77k since 2022.
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avatarRyan_Z0528
07-19

Why LLY and NVO's Weekly Decline Wipes Out a Month's Gains?

Due to the formidable rival— $Roche Holding Ltd(RHHBY)$ 's oral weight loss drug is coming!On Thursday's closing, $Eli Lilly(LLY)$ declined by 6.26%. By the time of Friday's opening, Eli Lilly had declined by 10.49% for the week, erasing all the gains since June 7th. In the meantime, $Novo-Nordisk A/S(NVO)$ fell over 4% on Thursday, with a weekly drop exceeding 8%, falling back to the price before May 10th.I have been keeping an eye on weight loss drugs before, and my friend was bullishly believes that $Eli Lilly(LLY)$ can rise above $1,000.1. Let me took a closer look at what happened?It turned out that their competitor i
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Why LLY and NVO's Weekly Decline Wipes Out a Month's Gains?
avatarPinkspider
07-19

Microsoft outage gonna impact the market tonight ?

OUTAGES - Biggest IT outage ever according to experts - Major banks, media, airports and airlines affected by major IT outage - Rail services disrupted in parts of US and UK - Payment systems impacted in different parts of the world, including Australia and the UK. - Australia's government calls for emergency meeting - Significant disruption to some Microsoft services - 911 services disrupted in several US states including Alaska, Arizona, Indiana, Minnesota, New Hampshire and Ohio. - Services at London Stock Exchange disrupted - Sky News went off air, other media facing disruptions - CrowdStrike CEO says not due to cyberattack and that 'the issue has been identified, isolated and a fix has been deployed'
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Microsoft outage gonna impact the market tonight ?
avatarTigerHulk
07-19
A pull back is good and healthy, it’s good for both the investors and the market, it allows consolidation and position to be ready for the next new height.
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avatarIykyk
07-19
Time to buy cheap. Shopping spree
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avatarmertiger
07-19
Last night, the three major U.S. stock indexes fell. With the expectation of interest rate cuts, U.S. stocks once soared, and it is normal to fall. The Russell 2000 index fell 1.9%, retreating from the rebound earlier this week. Due to the impact of TSMC's performance exceeding expectations, U.S. chip stocks rebounded slightly last night, and Nvidia rose more than 2%. The United States announced the number of first-time unemployment claims on Thursday, the largest increase since early May, showing signs of a cooling job market and supporting expectations of a rate cut by the Federal Reserve. According to people familiar with the matter, a group of heavyweight U.S. corporate executives will travel to Beijing next week, hoping to meet with Chinese officials to gain a deeper understanding of
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avatarTigerHulk
07-19
Technology stocks continue to adjust, with sector rotation accelerating due to: - Increasing investor caution - Rising bond yields - Growing concerns over inflation - Regulatory scrutiny - Global economic uncertainty Notably, value stocks are experiencing a broad rebound, driven by: - Attractive valuations - Improving economic fundamentals - Increased investor appetite for risk The market remains influenced by three key factors: 1. The US presidential election, with its potential impact on economic policies and regulations 2. The Federal Reserve's interest rate decisions, which affect borrowing costs and market sentiment 3. Earnings season fundamentals, as tech companies release their financial reports and guide future expectations These factors will likely drive market trends in the next
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avatarSamlunch
07-19
$SPDR S&P 500 ETF Trust(SPY)$ $S&P 500(.SPX)$   $SPX Chart Update: Well what a couple days it has been eh? But to be honest, a -2.5% peak to trough drawdown is nothing given that the markets are up almost 40% since the Oct 2023 lows. Literally should be considered run of the mill daily noise. We shouldn't kid ourselves here. I do think we get a little reprieve bounce here and then a further 2% drop down afterwards to the purple support area where the 50dma and the lower channel of the wedge conveniently is located. So around 5,450 ish on the SPX. Then maybe we get a last fake breakdown towards that gap fill area of 5,375 where it m
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