melson
melson
Profile:FIRE
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avatarmelson
11:13

donald j trump

$Trump Media & Technology(DJT)$ meteoric rise fits the owner trump. this year we will have a presidential rematch between biden and trump. this is one of the intangible assets of djt. another one is trump's fame even if he doesn't win the election.  short sellers for djt have to pay very high fees to borrow shares to short. the other way to short is to buy puts.  djt behaves like meme stocks. the recent $Reddit(RDDT)$ and $VinFast Auto(VFS)$ listings were very volatile. vfs ended in a meteor shower... djt may have more upside above 95 as intangible assets are hard to measure and depends on subjectivity do apply automatic investment system
donald j trump
avatarmelson
03-27 10:41

tsla

$Tesla Motors(TSLA)$  has been on a bear trend. recently the rocket launch was hailed a success but the rocket went missing. cathie wood doubled down on tsla as tsla share price trends down.  looking at tsla's pnf, it is heading towards 158 to form a double bottom before rebounding to 243.  tsla is the leader of the ev industry. ev industry growth is declining. tsla is trying very hard to maintain market share by cutting prices. a price war in the ev industry is raging. this eats into profits and even causes huge losses in small ev stocks. some ev stocks went bankrupt.  the ev industry is heavily affected by the fed interest rate. borrowing cost went from easy money to sky high. the recent fomc meeting
tsla
avatarmelson
03-26 11:29

agm

$Apple(AAPL)$  $Alphabet(GOOGL)$  meta were hit by eu probe digital market act. this may lead to huge fines. previously, the rumor has it that aapl might adopt googl's generative ai. soon after the probe was announced.  aapl has potential to run up to 220 according to Fibonacci retracement applied to pnf chart. however, it might pullback to 166 before rebounding up. googl has potential to go up to 190 according to Fibonacci retracement applied to pnf chart. however, it has probably recently jumped up just to clear the gap down from 151.19. the recent jump up also resulted in a gap up from 143.18. looking at the lost in mome
agm
avatarmelson
03-25

spy

$SPDR S&P 500 ETF Trust(SPY)$  is the etf for $S&P 500(.SPX)$  . according to the pnf for spy, it has potential to hit 550. that translates to about 5500 for spx. it should be able to hit this level by end of this year. in the midst, it will most likely be punctuated with consolidation, pullbacks, corrections, etc.  the bull trend normally lasts for 4 to 10 years. the bear trend can last 1 to 2 years. if you examine the pnf chart, you can see that spy is mostly on an uptrend.  another important indicator to track is $FTSE 100(.UKX.UK)$ , it is the leading indicator o
spy
avatarmelson
03-24

Guess the winner,Earn Tiger Coins

Find out more here:Guess the winner,Earn Tiger Coins Come and participate in the“ Guess the winner,Earn Tiger Coins” event, find the trade master and invite friends to get up to 250 tiger coins. merci @koolgal pour l'invitation. come join mes amis @Aqa  @Asphen  @BenjiFuji  @DiAngel  @Fenger1188  @GoodLife99  
Guess the winner,Earn Tiger Coins
avatarmelson
03-22

clearing gap up

$FTSE China Bull 3X Shares(YINN)$ fell after china kept its 1 year loan prime rate at 3.45%. economists have expected a cut as this will help lower corporate borrowing costs. previously, the 5 year loan prime rate was cut to 3.95% from 4.2%, a larger than expected cut to stimulate the ailing property market. Hong Kong even scraped its property curbs to revive its property market.  yinn jumped after fed's dovish stance even though inflation showed resilience. however, this jump was short lived. yesterday, the jump was almost erased and overnight trading today suggests it is heading lower to close the gap up from 18.104.  analysis of yinn's pnf shows that the uptrend is still intact and it has legs until 28.  yinn is the leading
clearing gap up
avatarmelson
03-21

fed led rally

here's a summary of last night's fomc meeting Fed Chairman Jerome Powell's press conference suggested that the Fed is on track for a rate cut in June and 3 rate cuts this year. ☀️ Powell's remarks indicate that the Fed wants to cut rates as soon as it is responsible to do so. The Fed is waiting for greater confidence in inflation reaching the 2% target before cutting rates. There is some uncertainty about whether the rate cut will happen in June or July, The Fed signaled a more gradual path of rate cuts overall, starting in June. ☀️The Fed may slow down the pace of balance-sheet runoff as soon as May. this is the equivalent to a rate cut off 25 to 50 bps depending the size of tapering. $SPDR S&P 500 ETF Trust(SPY)$ 
fed led rally
avatarmelson
03-19

sell the news

after the much awaited gtc, $NVIDIA Corp(NVDA)$  sold off during overnight trading. inflation data came in hotter than consensus. this is making the fed push back plans to cut rates in the second half of the year. looking at the pnf chart of nvda, it is a long pole up. this signals that there will be a period of consolidation. the price will fluctuate in a trading range for a long period of time before making new high. this will occur when the majority laggards join the generative ai craze or when the fed signaled interest to cut interest rate.  nvda has potential to run up to 966, but it would take about a year. the consolidation phase will take about 6 months or more. 
sell the news
avatarmelson
03-15

inflation resilience

recent ppi data released yesterday came in at 0.6% twice the consensus of 0.3%. in jan, ppi came in hotter at 0.9% versus 0.6% estimate. cpi came in hotter at 3.2% vs 3.1% estimate. feb pce came in at 2.8% as expected.  ppi - producer price index cpi - consumer price index pce - personal consumption expenditure the inflation data so far suggests inflation resilience. this is making the fed hesitant to cut rates. cutting the rates too early will result in the rebounding of inflation. cutting too late will result in recession as borrowing costs are too high to sustain economic activity.  $SPDR S&P 500 ETF Trust(SPY)$  and $HSI(HSI)$  both pulled
inflation resilience
avatarmelson
03-14

ppi rebounding?

feb ppi out tonight. this is missing from economic calendar of tiger? in jan, ppi came in hotter at 0.9% versus 0.6% estimate. cpi came in hotter at 3.2% vs 3.1% estimate. feb pce came in at 2.8% as expected.  ppi - producer price index cpi - consumer price index pce - personal consumption expenditure the inflation data so far suggests inflation resilience. this is making the fed hesitant to cut rates. cutting the rates too early will result in the rebounding of inflation. cutting too late will result in recession as borrowing costs are too high to sustain economic activity.  $SPDR S&P 500 ETF Trust(SPY)$  is jittery in the short term as the fed rate decision will be coming soon 21 mar. in the long run,
ppi rebounding?
avatarmelson
03-13

sneaky business

cpi rosed more than expected to 3.2% in feb as opposed to expected 3.1%. the mainstream news brushed off the 0.1% difference and emphasized more on the rally that followed. in contrast, when china gdpmissed forecast of 5.3% by 0.1%, the mainstream media focused on the 0.1% difference and gave a gloomy outlook. even though the china economy beat the chinese government target of 5% for 2023.  hsi rebounded from the recent low and made a new high, despite the gloomy outlook. hence, we better beware of sudden pullbacks given the rosy outlook of the us market brushing of the bigger than expected cpi. $SPDR S&P 500 ETF Trust(SPY)$  should be bearish in the short term after a huge run up. The fed's preferred inflati
sneaky business
avatarmelson
03-12

breakout rally

$HSTECH(HSTECH)$  candlestick chart showed a breakout of the previous high. tallying with the pnf chart, it appears to be on its way to 3950. $LION OCBC HSTECH ETF S$(HST.SI)$ is following close behind though it has not shown a breakout. this is most probably due to etf price factoring the etf fees.  the rally is spurred by china's consumer prices rise for first time in six months hst will be bound for 0.65. previously, $FTSE China Bull 3X Shares(YINN)$ made 6 consecutive monthly red candlesticks. this is a rare occurrence. when this happens, the rebound rally will be huge.  the us market is on the other hand re
breakout rally
avatarmelson
03-08
merci beaucoup @koolgal for tagging. happy international women's day. here's my ai generated smiley. come join mes amis @Aqa @Asphen @BenjiFuji @DiAngel @Fenger1188 @GoodLife99 @LMSunshine @Mrzorro @SPOT_ON
avatarmelson
03-08

buy the pivot rumor

wish all the women in the world happy international women's day. $SPDR S&P 500 ETF Trust(SPY)$  blazes ahead upon powell's testimony that the fed is considering cutting interest rates this year. powell says that inflation is coming down to the fed's target of 2% but it still must be cautious. $FTSE China Bull 3X Shares(YINN)$ is given a boost by powell's testimony. it rebounded from intraday low. it has been retracing after china's disappointing 'two sessions' where there are a lot of promises but no tangible measures announced. spy rally is led by ai craze. the ai craze has just begun. this ai is different from the ai in the past. the latest ai is generative a
buy the pivot rumor
avatarmelson
03-06

nvdia is apple's envy?

$Apple(AAPL)$  missed the ai boat and got fined billions by eu. is nvda becoming apple's envy? the generative ai craze has just begun. with a simple description, you can have generative ai draw you a picture. you can summarize huge chunks of information into bite size and even have it in layman's terms for you. you can create a video from a bunch of text. you are only limited by your imagination.  $NVIDIA Corp(NVDA)$  will surpass apple's market cap in just 365 days. for nvda to surpass apple's market cap, it requires 22.3% increase of nvda's previous day's closing price. that translates to a price of 1051. this is assuming
nvdia is apple's envy?
avatarmelson
03-05

shake it up shake the sea

$Sea Ltd(SE)$  has the potential to return to 88 if the management can shake things up. earnings beat is one small step to reviving the company. fed interest rate cut is near and you can see Chinese rival leader $Pinduoduo Inc.(PDD)$  and us leader $Amazon.com(AMZN)$  blazing ahead. you can check out the comparison of amzn to se, pdd to se and baba to se in the images below. pdd had overtaken baba as the most valuable e-commerce company in china though baba still maintains the largest market share.  pdd and amzn making new highs is a sign that e-commerce
shake it up shake the sea
avatarmelson
03-01

sector rotation into small caps?

the stock market rally is led by ai craze. $Invesco QQQ Trust-ETF(QQQ)$  is blazing ahead of $SPDR S&P 500 ETF Trust(SPY)$  . qqq tracks tech stocks and most of them are involved in the ai craze. spy tracks the 500 largest market cap companies of us. dji tracks the large caps. $iShares Russell 2000 ETF(IWM)$ tracks the small caps. as you can observe from the pnf charts, the small caps are lagging behind the dji, spy and qqq.  in order for a healthy market rally, the leaders will go into consolidation mode while the laggards catch up. the cycle repeats until market overheats and th
sector rotation into small caps?
avatarmelson
02-29

ai for intelligent apple

$Apple(AAPL)$  is in a wedge pattern consolidation for weeks . it is being held back by high interest rate environment. the fed has ended its rate hike and is now contemplating the cutting of rates at the end of this year. once the fed starts to cut rates, the bull market will be explosive.  according to pnf analysis of aapl, aapl can go up to 220. consolidation is good for aapl. giving up ev is a great decision for aapl. the ev market is too crowded. focusing on ai is a wise move. there is still much room for improvement in generative pre-train ai. google made a fool of itself again by focusing too much on ethnic diversity for its image generation ai. when bard was just launched, it provided a wrong answer
ai for intelligent apple
avatarmelson
02-28

all eyes on inflation data tomorrow

$SPDR S&P 500 ETF Trust(SPY)$  is retreating from its all time high as pce (personal consumption expenditure price index) will be out tomorrow before us market opens.  pce is a measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The PCE price index is known for capturing inflation (or deflation) across a wide range of consumer expenses and reflecting changes in consumer behavior. it is one of the important data the fed looks at to adjust interest rates.  investopedia says "The PCE measure of inflation is especially significant because officials at the Fed prefer its reading on the trajectory of inflation over the widely rep
all eyes on inflation data tomorrow
avatarmelson
02-27

china rebound rally confirmed

$HSTECH(HSTECH)$  $CSI300(000300.SH)$  $FTSE China Bull 3X Shares(YINN)$  $HSI(HSI)$  pnf charts all confirmed that the rebound is legitimate. you can observe from the pnf charts that 3 green crosses are formed. hstech is the index that hst etf tracks. previously i have mentioned that when a monthly candlestick chart showed more than 5 consecutive red candlesticks, the rebound will be massive. yinn is the leading indicator of hst, it made 6 consecutive months of red candlestick.  hst target 0.61 to 0.65. hst has yet to show rebou
china rebound rally confirmed

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