prefer to stick to accumulation in opportune moments - when VIX is above 34 - when fear indicator is high - in wave 3 or wave 5 of downtrends - keep a close watch on US20Y and US30Y treasury seasonal trends so far past years have shown to be not too consistent given that every year, the negativity has been different
I opened $SoFi Technologies Inc.(SOFI)$ ,I opened $SoFi Technologies Inc.(SOFI)$ , Decided to take assignment of these few lots of SOFI after the share price dipped below my strike. Wanted to roll it down and out, but the odds don't looks good compared to simply take the shares and start selling covered call on them. Believe that SOFI will rebound well once market sentiment recovers. Shall hold for short term with these lots. 🤞 $SoFi Technologies Inc.(SOFI)$
Wall Street Reacts To The Dovish FOMC And The (Mini) "Powell Put"
As broadly expected, the Fed held rates steady for 2nd time in the 4.25%-4.50% range with the update dot-plot showing 2x cuts by year end but showing large forecast dispersion within the Committee and
But if u listen to Powell, he is hiding something. There is a good chance they will aggressively cut once they see bad job numbers.
The Fed Pencils in 2 Rate Cuts. Anything Could Happen
Federal Reserve officials didn’t alter interest rates this week, and investors shouldn’t get too comfortable with their projections for two rate cuts later this year. That is because the economic outl
Cathie Wood Shuffles Her Tech Deck: Continues Dumping Tesla And Palantir, Stocks Up On AMD And Meta
On Wednesday, Cathie Wood-led Ark Invest made some significant trades, with the most notable ones involving Tesla Inc (TSLA), Advanced Micro Devices Inc (AMD), and Palantir Technologies Inc (PLTR).The
MSFT Bullish - I look for consolidation between 424 and 440 and see if it holds above 424 Bearish - Break below 405 and we are probably seeing the wave C down to 360/366 Leaning towards Bearish for me. A holder of shares. MSFT Weekly Chart - 21 Sept 2024 UNH Note - Multi-year range of value 450 to 560; Recent break out of range resulted in the formation of wave 5 Bullish - Stay above breakout level 560 and form wave 5 up to 676 Bearish - Break back into range below 560, looking at 503 and then 450 Share holder since 450. Might liquidate if break back into range. (often called look above and fail) UNH Weekly Chart - 21 Sept 2024 VEEV Note - 2-year accumulation range between 165 to 232 Bullish - Finally break 232 and stay above? If so, target 267 and 300 Bearish - Rejected
Exciting earnings coming up this week for WMT. High chance a negative reaction as the expectation is very high from the market. So even if beat EPS and Rev well, might not be a big move upwards. The recent high comes also on the back of wave 5 of a bullish-5-wave. A correction a-b-c might be coming up. Where will (a) form? Plenty of opportunities. One of my key staple counter in my portfolio. Time to accumulate more! Personally I would love a chance to average up at 59 to 60. Average cost currently at 50. WMT Daily - 11 Aug 2024 $Wal-Mart(WMT)$ @macroB @Deposit
Trending - Monthly shows a key higher low possibility at 340 - Fib retracement extreme bearishnesss of 1.618 also points to 340 - Near term Fib 38.2 points to 370 and 61.8 points 310 and Fib 50 points to 340 - Love the accumulation possibility between 370 down to 340 and then 310 if it goes that low JCT impact - Above thesis coincides with a potential cool CPI coming week leading to even greater pressure for 18 Sept rate cuts leading to Japan Carry Trade unwinding. Being as patient as I can be. My golden opportunity to load up on MSFT. Been a long time wait. Good luck, all. MSFT Monthly - 11 Aug 2024 @macroB @Deposit