To The Moon

Oversold market and seasonal tailwinds The markets are deeply and way oversold. No other ways of saying that. Can it go lower? Yes it could. But the probabilities of it rallying upwards in the near term are higher than not based on technicals and sentiment. Sentiments are pretty bearish at the moment and the contrarian trade is up. Technically, both the broad market index and the Nasdaq are pretty much extended in their fifth wave of the fifth wave of what looks like an ending diagonal. And ending diagonals tend to have sharp snapbacks. Indicators also look at stretched oversold levels and pretty ready for a rebound. Inagine a loaded spring. That is what the markets are looking like to me. The Nasdaq has also made a divergence and a higher low compared to the SPX on the micro charts.

Nasdaq, S&P, Dow fall more than 2% each for the week, primarily on big tech weakness$Nasdaq100 Bull 3X ETF(TQQQ)$ U.S. stocks on Friday ended largely lower, as an initial positive start to the day on the back of stellar earnings reports from Amazon (AMZN) and Intel (INTC) was wiped out by geopolitical concerns over the ongoing conflict between Israel and Islamist group Hamas. The tech-heavy Nasdaq Composite (COMP.IND) closed 0.38% higher at 12,643.01 points, boosted by a ~7% surge in Amazon (AMZN). The retail and tech giant smashed quarterly profit expectations and reassured investors of a strong future in cloud computing and generative artificial intelligence. The "Magnificent 7" member's report comes after dis

Good morning 🐯, In my analysis of Intel's performance in the third quarter of 2023, I find that while the company's revenue decreased by 8% year-over-year, it exceeded market expectations. This article delves into the financial and operational aspects of Intel's performance, discusses its core business segments, and addresses potential threats from competitors, particularly in the CPU market. Financial Analysis: 1. Revenue and Profit Surpass Expectations: Intel's revenue for the third quarter stood at $14.2 billion, surpassing market expectations of $13.5 billion. This exceeded expectations despite an 8% YoY revenue decrease. Notably, the QoQ revenue decline is much smaller, signaling a positive trend driven by the recovery in the personal computer market. 2. Earnings Decline: Intel report

Hey tiger 🐯 👋, here we go again another analysis on this weekend. Point of View: In my analysis, I will delve into ExxonMobil's Q3 2023 performance, examining both the financial and operational aspects. While this global energy giant has faced challenges in the current economic and energy landscape, its strategies for clean energy and resilience in the face of market fluctuations are noteworthy. This article aims to provide a comprehensive view of ExxonMobil's performance, considering its impact on investors. Financial Analysis: Energy Prices Impact Earnings ExxonMobil reported Q3 2023 revenues of $88.57 billion, a 17% decrease year-over-year, falling short of market expectations. This revenue decline is not surprising, given the ongoing slump in crude oil prices throughout the year, which

Hey tiger 🐯 👋, here we go again another analysis on this weekend. Point of View: In my analysis, I will delve into ExxonMobil's Q3 2023 performance, examining both the financial and operational aspects. While this global energy giant has faced challenges in the current economic and energy landscape, its strategies for clean energy and resilience in the face of market fluctuations are noteworthy. This article aims to provide a comprehensive view of ExxonMobil's performance, considering its impact on investors. Financial Analysis: Energy Prices Impact Earnings ExxonMobil reported Q3 2023 revenues of $88.57 billion, a 17% decrease year-over-year, falling short of market expectations. This revenue decline is not surprising, given the ongoing slump in crude oil prices throughout the year, which

Good morning 🐯, In my analysis of Intel's performance in the third quarter of 2023, I find that while the company's revenue decreased by 8% year-over-year, it exceeded market expectations. This article delves into the financial and operational aspects of Intel's performance, discusses its core business segments, and addresses potential threats from competitors, particularly in the CPU market. Financial Analysis: 1. Revenue and Profit Surpass Expectations: Intel's revenue for the third quarter stood at $14.2 billion, surpassing market expectations of $13.5 billion. This exceeded expectations despite an 8% YoY revenue decrease. Notably, the QoQ revenue decline is much smaller, signaling a positive trend driven by the recovery in the personal computer market. 2. Earnings Decline: Intel report

Source: Tiger Trade appThe Rising Wedge is a technical pattern composed of two trendlines: an ascending support line and an ascending resistance line. These two lines gradually converge to form a wedge shape.This pattern typically appears on price charts of stocks or other assets, indicating a potential bearish reversal signal.The characteristics of the Rising Wedge are as follows:Support Line: The support line is an ascending trendline connecting consecutive higher lows, suggesting a strengthening uptrend.Resistance Line: The resistance line is an ascending trendline connecting consecutive higher highs, indicating a gradual reduction in buying pressure.Gradual Convergence: The support and resistance lines gradually converge, forming a wedge shape, which indicates that the price may break

Source: Tiger Trade appThe Rising Wedge is a technical pattern composed of two trendlines: an ascending support line and an ascending resistance line. These two lines gradually converge to form a wedge shape.This pattern typically appears on price charts of stocks or other assets, indicating a potential bearish reversal signal.The characteristics of the Rising Wedge are as follows:Support Line: The support line is an ascending trendline connecting consecutive higher lows, suggesting a strengthening uptrend.Resistance Line: The resistance line is an ascending trendline connecting consecutive higher highs, indicating a gradual reduction in buying pressure.Gradual Convergence: The support and resistance lines gradually converge, forming a wedge shape, which indicates that the price may break