To The Moon

Market Outlook of S&P500 - 16Sep24 Observations: The MACD indicator is about to complete a top crossover which implies a coming uptrend. However, there is a forming of a “double top” which suggests that a reverse is not far away. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. Both MA50 and MA200 lines are below the last candle. Thus, it could be read as bullish for both the mid and the long-term. The 3 Exponential Moving Averages (EMA) lines have completed their crossover. This implies an uptrend. Chaikin’s Monetary flow (CMF) shows an uptrend but there seems to be more selling volume than buying. Thus, the line may have started to trend downward. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar

Market Outlook of S&P500 - 09Sep24 Observations: The MACD indicator shows a downtrend. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The MA 50 line has cut the last candle and remains above the MA 200 line. Thus, it could be read as bullish for the long term. The mid-term may turn bearish soon. At the same time, the MA 50 may turn downwards soon. This is something that we should monitor. The 3 Exponential Moving Averages (EMA) lines are converging and the crossover should happen in the coming days, thus, a downtrend is on the cards. Chaikin’s Monetary flow (CMF) shows an uptrend but there seems to be more selling volume than buying. Thus, the line may have started to trend downward. I have replaced Stochastic with CMF to incorporate consideration of vol

Market Outlook of S&P500 - 05Aug24 Observations: The MACD indicator is showing a downtrend. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is below the MA 50 line and above the MA 200 line. Thus, it could be read as bullish for the long term and bearish in the mid-term. The 3 Exponential Moving Averages (EMA) are on a downtrend. For Chaikin’s Monetary flow (CMF), it is showing a downtrend. There is a chance for some reversal in the coming days. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar with Stochastic being “more active” and more capable for “false” signals. From investing dot com, the S&P500 is on a downtrend. Technically, it looks to be a “Strong sell”. Using 20

$NVIDIA Corp(NVDA)$ $Alphabet(GOOGL)$ $Apple(AAPL)$ $Tesla Motors(TSLA)$ $Advanced Micro Devices(AMD)$  🚀 Barclays' Bold Move: S&P 500 Target Raised to 5,600! 🚀 Kia ora Tiger traders, Barclays has just turned up the heat, lifting its 2024 target for the S&P 500 to a sizzling 5,600 from 5,300! Why the optimism? It's all about strong profit growth from our favourite mega-cap tech titans. Here are the top 10 most traded stocks by volume that could ride this wave: 1. NVIDIA (NVDA): Poised to benefit from the AI boom, Nvidia’s strong position in the tech sector makes it

Market Outlook of S&P500 - 15Jul24 Observations: The MACD indicator has completed a bullish top crossover that implies a current “bull” run. Chaikin Money Flow (CMF) is above the zero line in the middle which implies an uptrend. This remains in the bullish region. Note the selling strength is gaining ground. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA 50 line and the MA 200 line. Thus, it could be read as bullish for the long term and the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines are on an uptrend. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar with Stochastic being “more active” and more capable for “false” signals. S&P500 continue

Market Outlook of S&P500 - 01Jul24 S&P500 1 year chart as of 29Jun24 Observations: The MACD indicator has completed a top crossover and we should expect a downtrend. Chaikin Money Flow (CMF) is above the zero line in the middle which implies an uptrend. Yet, there is a stronger selling momentum than a buying one. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA 50 line and the MA 200 line. Thus, it could be read as bullish for the long term and the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines are on an uptrend. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar with Stochastic being “more active” and more capable for “false” signals. S&P500

Market Outlook of S&P500 - 24Jun24 Observations: The MACD indicator is on an uptrend. A double top is forming and we should expect a reversal in the coming days. Chaikin Money Flow (CMF) has crossed the zero line in the middle which implies an uptrend. Yet, there is a stronger buying momentum than a selling one. Let us monitor the development in the coming days. The CMF could have peaked recently. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA 50 line and the MA 200 line. Thus, it could be read as bullish for the long term and the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines are on an uptrend. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar wi

Market Outlook of S&P500 - 17Jun24 Observations: The MACD indicator is on an uptrend. A double top is forming and we should expect a reversal in the coming days. Chaikin Money Flow (CMF) has crossed the zero line in the middle which implies an uptrend. Yet, there is a stronger buying momentum than a selling one. Let us monitor the development in the coming days. This should peak in the coming days. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA 50 line and the MA 200 line. Thus, it could be read as bullish for the long term and the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines are on an uptrend. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar w

$S&P 500(.SPX)$ The market paused for breath today, with $5,331 acting as support despite a slight decline in $NVDA.It's worth noting that the oscillator is currently overbought. Back in November 2023, similar price action after a rally signaled bullish continuation. However, since March 2024, this pattern has preceded at least a consolidation phase, if not a healthy pullback. Notably, during those instances, the daily price action revisited the 20-day moving average (DMA) after the overbought reading on the weekly oscillators.If $NVIDIA Corp(NVDA)$ continues its decline and Friday closes red, the indexes could end the week in an indecisive mode. $SPDR S&P 500

U.S. economic data has turned weaker recently, driving up market expectations for a rate cut, $ Dow Jones (.DJI)$ $ S&P 500 (.SPX)$ and $ NASDAQ (.IXIC)$ are at new highs. Long-end rates are down 40bp to 4.3%, and the 30-year is also down to around 4.5%, and gold and commodities are also up.All of this stems from the easing of financial conditions, reflecting their reflexive impact on the economy.Financial conditions are composed of short- and long-term interest rates, credit spreads, equity prices and exchange rates, with long-term interest rates, credit spreads and equity prices having the greatest impact.bus

Market Outlook of S&P500 - 13May24 1D chart for S&P500 dated 11 May 2024 (SGT) Observations: The MACD indicator is on an uptrend. Chaikin Money Flow (CMF) has crossed the zero line in the middle which implies an uptrend. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA 50 line and the MA 200 line. Thus, it could be read as bullish for the long term and bearish for the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines have converged and started an uptrend. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar with Stochastic being “more active” and more capable for “false” signals. Using a daily interval chart, Investing is recommending a “Strong Buy” r

I agree with my American friend. He mentioned that there is a forming of a double top. Would we see some corrections in the coming days? Will the run continue with minor bumps?  $S&P 500(.SPX)$

Market Outlook of S&P500 - 06May24 The MACD indicator is on a downtrend and there is a setup for a potential reversal in the common days. Chaikin Money Flow (CMF) has hit below the zero line. This can be seen as a bearish signal with more selling volume. Note that there may be a reversal in this coming up as the line moves toward the “0” line. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above the MA 200 line and below the MA 50 line. Thus, it could be read as bullish for the long term and bearish for the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines have converged and started a downtrend. The 3 EMA lines are turning sideways and there could be ranging or reversal. For the reversal to be confirmed, the 3 EMA lines need

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Tdlr; I'm leaning towards Bullish > Bearish Bullish: Likely to range bound between 500 - 504, with intermediate pivot zone at 502.  -> 500 -> 502 -> 504 Bearish: Will target 497, if price breaks below 500.  -> 497 GEX levels for SPY - 5/2 expiration VEX levels for SPY - 5/2 These levels tend to change as the day progresses, so the best approach is to track the 0DTE GEX changes throughout the day to scalp. Will talk about this in a later article.  Trade safe, friends![Cool]  

With FOMC coming up, we are not seeing a lot of conviction in either directions! Here's a rough cheatsheet, and what u typically monitor for. In general, we are watching out for: - Positive GEX: "Price retardants"  - Negative GEX: "Price accelerants" - Positive VANNA: "Price magnets" - Negative VANNA: "Price repellants" So price levels with highly positive GEX and negative VANNA form zones of resistance/dupport.  GEX levels for SPY - exporation 1/5 Vanna levels for SPY - today's expiration Tdlr 505 - Massive resistance. I don't hold much hope that price will break above this level. But if it does, 505 -> 508 491 - If price trends down, there is a massive "ghost zone" all the way down to 491. So will watch for massive price drop down there.  495 - this will likely be the a

Market Outlook of S&P500 - 29Apr24 Technical observations of the S&P500 1D chart: The MACD indicator is on a downtrend and there is a setup for a potential reversal in the common days. Chaikin Money Flow (CMF) has hit below the zero line. This can be seen as a bearish signal with more selling volume. Note that there may be a reversal in this coming up as the line moves toward the “0” line. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above the MA 200 line and below the MA 50 line. Thus, it could be read as bullish for the long term and bearish for the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines have converged and started a downtrend. I have replaced Stochastic with CMF to incorporate consideration of volume. Stoc

The market experienced a tech-driven bounce, but the $DJIA(.DJI)$ remains weak. The $S&P 500(.SPX)$ closed the week with a rejection at $5,110 and the 20-day moving average.The previous SPX post shows those lines, if these resistance levels for the #SP500 hold true, it might indicate the beginning of a second leg down.This chart highlights in blue arrows the initial bounce. The green arrows point to the actual market bottom.The Question: December 2022 Redux or August 2023 Repeat?The key question is whether this situation will unfold similarly to August 2023, where a bounce preceded a deeper decline, or if it will resemble December 2022, where the bounce marked a more sustained recovery.Both cases befo

WARNING! $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ has now reached the 5110 target with a corrective ABC up structure to validate completion of the B-Wave.If price trades below 5050, that would confirm completion of B-Wave rally.If so, that should lead to 5015 in the short term, but ultimately 4820-4800 for [W4]ImageHere are my previous predictions:Further rally for the B-Wave is expected as SPX likely terminated its short-term correction at today's 4990 low.Therefore, price should begin the final corrective leg up targeting 5110-5130-5150.Loss of 4953 would favor the C-Wave already beginning, however, targeting that 4820 [W4] termination range.ImageImagehttps://twitter.com/TriggerTrades/status

Market Outlook of S&P500 - 16Sep24 Observations: The MACD indicator is about to complete a top crossover which implies a coming uptrend. However, there is a forming of a “double top” which suggests that a reverse is not far away. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. Both MA50 and MA200 lines are below the last candle. Thus, it could be read as bullish for both the mid and the long-term. The 3 Exponential Moving Averages (EMA) lines have completed their crossover. This implies an uptrend. Chaikin’s Monetary flow (CMF) shows an uptrend but there seems to be more selling volume than buying. Thus, the line may have started to trend downward. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar

Market Outlook of S&P500 - 09Sep24 Observations: The MACD indicator shows a downtrend. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The MA 50 line has cut the last candle and remains above the MA 200 line. Thus, it could be read as bullish for the long term. The mid-term may turn bearish soon. At the same time, the MA 50 may turn downwards soon. This is something that we should monitor. The 3 Exponential Moving Averages (EMA) lines are converging and the crossover should happen in the coming days, thus, a downtrend is on the cards. Chaikin’s Monetary flow (CMF) shows an uptrend but there seems to be more selling volume than buying. Thus, the line may have started to trend downward. I have replaced Stochastic with CMF to incorporate consideration of vol

$NVIDIA Corp(NVDA)$ $Alphabet(GOOGL)$ $Apple(AAPL)$ $Tesla Motors(TSLA)$ $Advanced Micro Devices(AMD)$  🚀 Barclays' Bold Move: S&P 500 Target Raised to 5,600! 🚀 Kia ora Tiger traders, Barclays has just turned up the heat, lifting its 2024 target for the S&P 500 to a sizzling 5,600 from 5,300! Why the optimism? It's all about strong profit growth from our favourite mega-cap tech titans. Here are the top 10 most traded stocks by volume that could ride this wave: 1. NVIDIA (NVDA): Poised to benefit from the AI boom, Nvidia’s strong position in the tech sector makes it

Market Outlook of S&P500 - 05Aug24 Observations: The MACD indicator is showing a downtrend. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is below the MA 50 line and above the MA 200 line. Thus, it could be read as bullish for the long term and bearish in the mid-term. The 3 Exponential Moving Averages (EMA) are on a downtrend. For Chaikin’s Monetary flow (CMF), it is showing a downtrend. There is a chance for some reversal in the coming days. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar with Stochastic being “more active” and more capable for “false” signals. From investing dot com, the S&P500 is on a downtrend. Technically, it looks to be a “Strong sell”. Using 20

Market Outlook of S&P500 - 15Jul24 Observations: The MACD indicator has completed a bullish top crossover that implies a current “bull” run. Chaikin Money Flow (CMF) is above the zero line in the middle which implies an uptrend. This remains in the bullish region. Note the selling strength is gaining ground. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA 50 line and the MA 200 line. Thus, it could be read as bullish for the long term and the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines are on an uptrend. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar with Stochastic being “more active” and more capable for “false” signals. S&P500 continue

Market Outlook of S&P500 - 01Jul24 S&P500 1 year chart as of 29Jun24 Observations: The MACD indicator has completed a top crossover and we should expect a downtrend. Chaikin Money Flow (CMF) is above the zero line in the middle which implies an uptrend. Yet, there is a stronger selling momentum than a buying one. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA 50 line and the MA 200 line. Thus, it could be read as bullish for the long term and the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines are on an uptrend. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar with Stochastic being “more active” and more capable for “false” signals. S&P500

Market Outlook of S&P500 - 17Jun24 Observations: The MACD indicator is on an uptrend. A double top is forming and we should expect a reversal in the coming days. Chaikin Money Flow (CMF) has crossed the zero line in the middle which implies an uptrend. Yet, there is a stronger buying momentum than a selling one. Let us monitor the development in the coming days. This should peak in the coming days. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA 50 line and the MA 200 line. Thus, it could be read as bullish for the long term and the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines are on an uptrend. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar w

Market Outlook of S&P500 - 24Jun24 Observations: The MACD indicator is on an uptrend. A double top is forming and we should expect a reversal in the coming days. Chaikin Money Flow (CMF) has crossed the zero line in the middle which implies an uptrend. Yet, there is a stronger buying momentum than a selling one. Let us monitor the development in the coming days. The CMF could have peaked recently. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA 50 line and the MA 200 line. Thus, it could be read as bullish for the long term and the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines are on an uptrend. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar wi

Market Outlook of S&P500 - 13May24 1D chart for S&P500 dated 11 May 2024 (SGT) Observations: The MACD indicator is on an uptrend. Chaikin Money Flow (CMF) has crossed the zero line in the middle which implies an uptrend. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA 50 line and the MA 200 line. Thus, it could be read as bullish for the long term and bearish for the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines have converged and started an uptrend. I have replaced Stochastic with CMF to incorporate consideration of volume. Stochastic and MACD are similar with Stochastic being “more active” and more capable for “false” signals. Using a daily interval chart, Investing is recommending a “Strong Buy” r

U.S. economic data has turned weaker recently, driving up market expectations for a rate cut, $ Dow Jones (.DJI)$ $ S&P 500 (.SPX)$ and $ NASDAQ (.IXIC)$ are at new highs. Long-end rates are down 40bp to 4.3%, and the 30-year is also down to around 4.5%, and gold and commodities are also up.All of this stems from the easing of financial conditions, reflecting their reflexive impact on the economy.Financial conditions are composed of short- and long-term interest rates, credit spreads, equity prices and exchange rates, with long-term interest rates, credit spreads and equity prices having the greatest impact.bus

Six Too-Big-To-Fail US banks have all released Q1 2024 financial reports.With the macro still tight, but economic activity strong, all of them beat without surprise, business department in divergence.Interest margin keeps narrowing but improved, the interest income has noticeably dropped, but the overall market expectation is not high. JPMorgan and Wells Fargo's partial interest income did not meet expectations, and the market had already priced this in.CPI strong, short-term interest rate cut expectations fell, and it is still difficult to see growth in the interest margin.Investment banking business as a whole is recovering, among which the growth of fixed-income underwriting business is the most noticeable. Wealth management business is growing steadily overall, and active market tradin

Iran and Israel conflict It started with the “arrest” of MSC Aries at the Straits of Hormuz. BREAKING: IRAN BANS ALL SHIPS LINKED TO ISRAEL “Starting today, all vessels linked to the Zionist regime are banned from operating in the Oman Sea and the Persian Gulf.Any such vessels found in these waters will be confiscated.” This thread means that all Israeli-linked vessels would not be able to travel past the Oman Sea and the Persian Gulf. This would be taken seriously by the shipping industry, causing further disruptions to the regional supply chain. Vessels will be forced to divert, leading to an increase in supply chain lead time and cost. Missiles and Drones were launched The screenshot was taken from the NBC news report. Iran launched its retaliation after Israel bombed its embassy in D

$S&P 500(.SPX)$ The market paused for breath today, with $5,331 acting as support despite a slight decline in $NVDA.It's worth noting that the oscillator is currently overbought. Back in November 2023, similar price action after a rally signaled bullish continuation. However, since March 2024, this pattern has preceded at least a consolidation phase, if not a healthy pullback. Notably, during those instances, the daily price action revisited the 20-day moving average (DMA) after the overbought reading on the weekly oscillators.If $NVIDIA Corp(NVDA)$ continues its decline and Friday closes red, the indexes could end the week in an indecisive mode. $SPDR S&P 500

Buckle up folks, the $S&P 500(.SPX)$ is finally experiencing a pullback! After a stellar run so far in 2024, the index is seeing some long-awaited correction. For some investors, this pullback might be a chance to jump in and buy at a discount. Historically, pullbacks are often seen as opportunities to snag stocks at reduced prices. For others, it might be a wake-up call to rebalance their portfolios. If your holdings have become too heavily weighted in stocks, a pullback can be a good time to trim positions or diversify further. Let's not sugarcoat it - a pullback can also signal a shift in the market sentiment. Investors should stay informed about any underlying factors causing the dip. The market is reacting to Iran’s attack on Israel by se

2."Is US Inflation Making a Comeback?"Certainly, the biggest variable regarding interest rate cuts is inflation. This year's inflation data has put the Federal Reserve in a somewhat awkward position. Firstly, energy prices have been steadily rising. Crude oil prices have reached $86, noticeably impacting Americans at the gas station.Gold prices have recently surged, breaking the $2300 mark and hitting historic highs, signaling market expectations of further inflation. While the Fed may attribute the rise in oil prices to Middle East tensions, financial markets find this hard to accept. Looking at the real estate market, the overall US housing market price index has risen by about 4% this year, and rents have increased. Consequently, the equivalent rent weight within the CPI is bound to con

Yesterday saw a continuation of the reevaluation of interest-rate expectations for 2024, driven by comments from Federal Reserve officials and market reactions to economic data. Here's a breakdown of the key events and market movements: DJIA: +0.17% to 37,798.97 ; $S&P 500(.SPX)$ : -0.21% to 5,051.41 ; $NASDAQ(.IXIC)$ : -0.12% to 15,865.25 $Tesla Motors(TSLA)$ $Apple(AAPL)$ $NVIDIA Corp(NVDA)$ Stocks Interest Rate Expectations Fed Remarks: Fed Chairman Jerome Powell emphasized the need for greater confidence in sustained inflation decline

Market Outlook of S&P500 - 06May24 The MACD indicator is on a downtrend and there is a setup for a potential reversal in the common days. Chaikin Money Flow (CMF) has hit below the zero line. This can be seen as a bearish signal with more selling volume. Note that there may be a reversal in this coming up as the line moves toward the “0” line. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above the MA 200 line and below the MA 50 line. Thus, it could be read as bullish for the long term and bearish for the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines have converged and started a downtrend. The 3 EMA lines are turning sideways and there could be ranging or reversal. For the reversal to be confirmed, the 3 EMA lines need

$S&P 500(.SPX)$ decreased 3.1% last week, $NASDAQ 100(NDX)$ plummeted 5.5%, causing market attention. TMaybe it’s not a bad thing to fall at this position. It can not only digest its overly strong expectations, but also help to restart the interest rate cut trade.Liquidity IssuesThe turning point of financial liquidity in the second quarter will put pressure on U.S. stocks.The difference between the Federal Reserve's balance sheet rule - TGA account - reverse repos is used to measure liquidity within the financial system, which is approximately equal to the scale of reserves in the commercial banking system. Recent changes are that the Fed's monthly balance sheet reduction is still ongoing, but the tax

Market Outlook of S&P500 - 22Apr24 Technical observations of the S&P500 1D chart: The MACD indicator is on a downtrend from the past week and this should continue into the coming week. Chaikin Money Flow (CMF) has hit below the zero line. This can be seen as a bearish signal with more selling volume. Note that there may be a reversal in this coming up as the volume trend seems to be changing direction. Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above the MA 200 line and below the MA 50 line. Thus, it could be read as bullish for the long term and bearish for the mid-term. Exponential Moving Averages (EMA). The 3 EMA lines have converged and started a downtrend. I have replaced Stochastic with CMF to incorporate consideration of