To The Moon

Momentum is building across the major indexes, but several critical resistance and support levels are now coming into focus. Here are the three charts I'm watching. 📊 1. $NASDAQ 100(NDX)$ Price action is narrowing, anticipating a big move is coming. Don't fight the bullish move, but beware the gap below, -1.8% from the latest closing price. Bulls want a gap fill for good, the next hurdle is 30,180. 2. $S&P 500(.SPX)$ Bullish resolution: Breakout above the diagonal. With the price not yet overextended, more upside is likely. Last night, subscribers received a central level of 7,524, with bullish targets set at 7,566 and 7,589. 3. $VanEck Semiconductor ETF(SMH)$

The week was characterized by strong swings in indices and individual names; geopolitical tensions intensified following U.S. retaliatory military strikes against targets in Iran in response to attacks on commercial vessels in the Strait of Hormuz, this sent global oil benchmarks soaring, with Brent crude jumping over 5% and nearing the $80-per-barrel mark. This spike in energy prices immediately reignited fears regarding persistent inflation, and when combined with Federal Reserve meeting minutes suggesting potential further interest rate hikes, the 10 year U.S. Treasury yield climbed to 4.6%, reaching its highest level since May. Later in the week the U.S. president noted that while he has agreed to continue diplomatic talks, the tentative truce has officially been scrapped; then the mar

Every Friday, I model support and resistance levels for the week ahead, covering the $S&P 500(.SPX)$, key ETFs ( $Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ $iShares Russell 2000 ETF(IWM)$ $SPDR Gold ETF(GLD)$ $iShares Silver Trust(SLV)$…), all the Magnificent Seven ( $NVIDIA(NVDA)$ $Apple(AAPL)$ $Microsoft(MSFT)$ $Tesla Motors(TSLA)$…), and other mega-cap sto

The stock market closed with an interesting reversal today. The $S&P 500(.SPX)$ held its daily level of 7464 as support (modeled yesterday after the market closed), attempting to consolidate at 7,506 during the first hour of trading and filling the early gap. This established a clean, bullish move for the day without magnets below. In this case, the SPX is validating the bullish reversal candle studied last night, providing direction to the setup charted (which featured combined signals and for that reason we use levels). The fact that the central daily level held as support, while the price remains above the central weekly and monthly levels, indicates a bullish formation. As noted over the weekend, we have been closely monitoring technology

U.S. stocks closed mixed today following a re-escalation in geopolitical tensions. Main market indexes experienced a highly volatile session, initially tumbling before trimming some losses. The $Dow Jones(.DJI)$ fell-1.1%, probably an initial validation of the overheated signals studied for the previous week, the $S&P 500(.SPX)$ closed slightly negative -0.3%, and the $NASDAQ 100(NDX)$ closed +0.3% despite of the selloff in premarket this morning. SMH Bounced +2%, How is it Possible? Last night, I shared the $VanEck Semiconductor ETF(SMH)$ chart with subscribers, highlighting a bullish reversal candle at the lower band

Big Tech and semiconductor leaders are approaching key technical levels that could determine the market's next directional move. Here's what to watch for $NVDA, $MSFT, $SMH, and $QQQ as bulls and bears battle for control. $NVIDIA(NVDA)$ is at a make or break position finding support at the volume shelf for now. A breach of the recent lows could trigger a move inside the shelf toward 178. Recovering $200 (the high from Thursday) would suggest the gap at 207 is in process to be filled. $VanEck Semiconductor ETF(SMH)$ $Microsoft(MSFT)$ and the entire Magnificent 7 are part of my permanent watchlist. Last week, I anticipated a move to $386 for a projected +3.4% gain;

Navigating the Semiconductor Crack and Magnificent Seven Bounce The U.S. stock market closed a holiday-shortened week with gains across large-cap indices, sentiment was fueled by a cooler-than-expected June jobs report, which eased immediate fears of aggressive interest rate hikes and encouraged a rotation out of tech and into blue-chip companies. The $Dow Jones(.DJI)$ reached a new all-time high, gaining 2.0% for the week, the $S&P 500(.SPX)$ rose 1.7% to close at 7,483.24, while the $NASDAQ 100(NDX)$ added 0.7%; our well expected decline in semiconductors kept the tech-heavy index underperforming. The Federal Reserve, under new Chair Kevin Warsh, maintains a

$S&P 500(.SPX)$ July ranks as one of the most bullish months of the year, finishing positive 79% of the time. during the last 20 year. However, if you zoom out further and analyze a different historical period, such as 1990 to 2006, the statistics completely invert, making July one of the most bearish periods of the year. Always do your own charting and verify statistics Semiconductors are cracking and the Magnificent Seven are Bouncing as considered last Saturday in the Weekly Compass. SPX bounced to 7,491 🎯 (+2%) as expected, $Microsoft(MSFT)$ to 388 🎯 (+3.4%), $Palantir Technologies Inc.(PLTR)$ to 125 🎯 (+11%). Reversal now? High probability setups updated

Cracks were anticipated for semiconductors, as the oversold conditions for the Magnificent 7 Last week, the Weekly Compass highlighted a clear divergence within the technology sector: Semiconductors were signaling a bearish reversal, while the Magnificent Seven were showing deep oversold conditions in the daily backed by massive daily volume. The results this week confirm this rotation. The semiconductor ETF, $VanEck Semiconductor ETF(SMH)$ , fell -9.7%. $Micron Technology(MU)$ served as a stark reminder of gravity, dropping -14% as the stock moved to fill the 1,083.3 gap I anticipated in the Weekly Compass. Conversely, the Magnificent Seven presented signs of awakening, with the following weekly gains:

In the Weekly Compass posted on Saturday, I highlighted a distinct peculiarity: the exceptionally high volume observed on Friday for the Magnificent 7. This volume was so massive that, despite the lack of a solid, bullish setup at the time, it stood out as an odd anomaly. High volume was a key signal since most of the Magnificent 7 names were oversold on the daily timeframe. Consequently, the current spike was a distinct possibility and as usual I provided specific price levels that the price should recover to validate the bullish reversal and specific targets in the Setups Blueprint. For example: if $Tesla Motors(TSLA)$ recovered $387.9, a move to $407.1 was possible, the stock closed today at 425 for a +12% weekly rally so far; for