The $S&P 500(.SPX)$ has remained range bound with some good volatility between 5000-5150, trading near the upper range before markets open today. While it may not immediately look like it due to the recent volatility— the index has stalled after the initial bounce. If my speculation is right, price will fail to advance much further from here. My thought remains unchanged— this relief rally has effectively convinced participants the pullback has ended.Follow me to learn more about analysis!!https://twitter.com/tomthetrader1/status/1786374878494630210
Today, let's look into a few hot counters in market, through their recent market news and also technical chart review. COIN The recent downtrend can be attributed to increased profit-taking by investors who entered the market during the downturns of 2022 and 2023, as well as ETF investors who witnessed significant price appreciation on their shares after entering the market in the early weeks of 2024. On the macro front, the Federal Open Market Committee (FOMC) is not expected to make any changes to interest rates, but the view is taking root among investors that the central bank may not cut rates at all this year, delivering a blow to interest rate-sensitive assets such as cryptocurrencies, emerging market stocks and bonds or even commodities. COIN daily chart COIN share price retraced re
Hello everyone! Today i want to share some technical analysis with you! Hope it can help you!1. $Palantir Technologies Inc.(PLTR)$ She's a beaut, Clark.Image2. $S&P 500(.SPX)$ So close to a MACD upside cross. With $Apple(AAPL)$ earnings reaction, that could be the catalyst for liftoff.Image3. $Shopify(SHOP)$ Falling wedge at the S/R flip zone into earnings next week. This should be fun.Image4. $Carvana Co.(CVNA)$ This chart suggests $150s to $170s are very possible.Image5. $NIO Inc.(NIO)$ The upside target hit today which was the Dec
Hello eveyone! Today I want to share some technical analysis with you! Hope it can help you!The stocks are as follow: $S&P 500(.SPX)$ Once the trend changes, it's time to GTFO. GoNoGo highlighting + the 21 day EMA kept trend-following traders on the right side of the ball. Image $Coinbase Global, Inc.(COIN)$ earnings just dropped: ~EPS: $4.40 vs $1.07 est ~SALES: $1.64B vs $1.32B estImage $Apple(AAPL)$ posts a double beat for the first quarter, announces buybacks AND dividend raise! ~EPS: $1.53 vs $1.50 est ~SALES: $90.80B vs $90.01B est ~Board authorized $110B share repurchase ~Increases Dividend 4% to $0.25Image $iShare
Hello everyone! Today I want to share some technical analysis with you! Hope it can help you!The stocks are as follow: $Chipotle Mexican Grill(CMG)$ Insiders at Chipotle securing some profits after last week's earnings report, including a $20M sell from CEO Brian Niccol. This was more than 4x the size of any of his other sales in the last 12 months. 💰Image $Intel(INTC)$ Remember this INTC double top detected by the platform back in February? This thing got cooked. 🩸Image $Invesco QQQ(QQQ)$ Current regime is clear when looking at market breadth on the Nasdaq 100: 📉 Sell the rip when 80% of constituents are above their 50 SMA 📈 Buy the dip when 20% of constituents ar
Hello everyone! Today I want to share some macro analysis with you! Hope it can help you!1.Intraday will focus on the U.S. first-quarter labor cost index quarterly rate, the U.S. February FHFA house price index monthly rate, the U.S. February S&P/CS20 big city house price index annual rate, the U.S. April Chamber of Commerce Consumer Confidence Index and other data, the market is expected to be better than the previous value of the overall, and will cause a marked suppression of the price of gold, and vice versa, will also go to the pressure of the shock, and thus the gold price today lower probability of closing down. $Cboe Volatility Index(VIX)$$Gold - main 2406(GCmain)$ 2.
Hello everyone! Today i want to share some techncial analysis with you! Hope it can help u!1. $Palantir Technologies Inc.(PLTR)$ Breakout w/ a MACD upside cross today..Image2. $SoFi Technologies Inc.(SOFI)$ Just a brutal range this thing has been in for 7 weeks now.Image3. $Alibaba(BABA)$ Over/under that this thing just gets rocked again and doesn't fly through the volume gap?Image4. $HSI(HSI)$ Bear flag breakdown into resistance or monthly falling wedge breakout coming?Image5. $Tesla Motors(TSLA)$ Another "V" bottom in the works?Image6. $Adv
Hello everyone! Today i want to share some technical analysis with you! Hope it can help you!The stocks are as follow: $Tesla Motors(TSLA)$ These oversold bounces on TSLA have been rinse & repeat for over a year now: Enter when daily RSI closes below 30, exit +15% or -5% Simple, yet highly effective. 🎯ImageDay trading $SPDR S&P 500 ETF Trust(SPY)$ or $Invesco QQQ(QQQ)$ ? The per-session VbP indicator can help you cut through the noise & break down each day’s move with precision. Today, QQQ found perfect support off of the Volume Point of Control from Friday's session. ✅Image $PayPal(PYPL)$ heading for the equal
$JD.com(JD)$I think it'll get back to 60+. 18 mo. ago it was. Multi-billion company, new AI tech coming, new growth, sales are strong, pays a nice dividend, China recovering ✔️How could you be bearish? This is about to occur.What’s more, as for the technical analysis,What is a Golden Cross? A Golden Cross is a basic technical indicator that occurs in the market when a short-term moving average (50-day) of an asset rises above a long-term moving average (200-day). When traders see a Golden Cross occur, they view this chart pattern as indicative of a strong bull market.
$JD.com(JD)$Broke out of the resistance and also trading above the 200d. I am now expecting this to target $32-$35. Keep adding to any dip as long as the 200d hold.Buy it in the dip and hope for the rising in the future!
$JD.com(JD)$Harmonic Dragon Formation in the Chinese Year of the Dragon - I like the idea. Monthly chart.The iSHS formation on the daily chart seems to be playing out well.When I see the MACD and Stochastic indicator on the monthly chart, I expect something along these lines. I'm sure I'll move the right channel some more, but I'm very confident that history will repeat itself and we'll reach point D soon.[Smart]So maybe we should think bigger.
$JD.com(JD)$The $HSI(HSI)$ breached its 200 Day Moving Average (orange) last week but it still faces some resistance from a 3 year downtrend line (aqua).I am anticipating a breakout for Chinese equities and my favorite chart so far is JD.com (JD) which has breached its 200 Day Moving Average with decent volume and a bullish engulfing weekly close.First target would be the 3 year downtrend line (aqua) at $37. After hitting the first target we will implement a trailing stop loss strategy at $34. The goal is to keep all profits but also play the larger breakout above the downtrend line (aqua).Second Target would be a gap fill around $51 see chart here.Stop Loss: $28Profit Target 1: $3
Hello everyone! Today i want to share some technical analysis with you! Hope it can help you!1. $Palantir Technologies Inc.(PLTR)$ A pretty clean setup on the weekly candle chart.Image2. $Baidu(BIDU)$ One of the prettier falling wedge setups I have seen in a while.Image3. $Invesco QQQ(QQQ)$ A nice bounce at the confluence area of the trend zone & October '23 pivot VWAP last week.Image4. $Advanced Micro Devices(AMD)$ Diagonal trend zone breakout on Friday as the MACD nears an upside cross.ImageFollow me to learn more about analysis!!https://twitter.com/Jake__Wujastyk
Hello everyone! Today I want to share some trading strategies with you! Hope it can help you!1.Michael Mauboussin's checklist for a business' competitive advantage:Image2. $Lululemon Athletica(LULU)$ 's ability to grow its "Direct to consumer" segment by +39% annually since 2020 is impressive:Image3.8 "Boom and Bust" stocks from the pandemic 📉 1. $Asana, Inc.(ASAN)$ The stock is down -89.6% from its 2021 highs:ImageFollow me to learn more about analysis!!https://twitter.com/InvestInAssets
Hello everyone! Today I want to share some technical analysis with you! Hope it can help you!The stocks are as follow: $Wingstop(WING)$ Fundamental Trader: "153x earnings for a chicken wing restaurant is INSANE! No way I'm buying that."Technical Trader: "Ascending triangle breakout in a strong uptrend, looks solid for a long trade."Image $Bitcoin(BTC.USD.CC)$ having some trouble with the 50 day SMA BTC Meanwhile, we have quite the TTM Squeeze building behind the scenes. 🍋Image $Abercrombie & Fitch(ANF)$ CEO of Abercrombie & Fitch, Fran Horowitz, sold $44.2M in shares this month after the stock ran over +400% in less than a year.This was her largest s
$S&P 500(.SPX)$ thoughts: A déjà vu scenario. I don't mind considering the scenario that repeats a similar path as the decline from last July through October. That corrective move was made difficult precisely because of a multi week period of uncertainty that created confusion for both bull and bear participants. Here is how I am thinking about it. In the decline from July - October 2023 the 2-3 week period of chop showed the market's positive bread as short lived (middle panel) and momentum stalling, barely going above positive (PPO lower panel). Considering these as markers, the analysis becomes simplified in that breadth should remain stressed and momentum fail to gain any meaningful traction if a similar decline path is in development. The
$Intel(INTC)$We have reached a hidden bottom characterized by the 1.27 retracement of the rise from the October 2022 low. It marked a support level from June to October 2023 and had served as a resistance from November 2022 to June 2023. This long term relevance makes it interesting today again.If this possible valid support level will result in a bottom building we may see a reversal of the downtrend.[Lovely][Lovely][Lovely]
$Meta Platforms, Inc.(META)$1. She bounced back above the 100ma.2. $400 is where the uptrend line is & gap fills below. That HAS to hold.3. If that fails, the last major support is $385 as you can see on the weekly.4. If markets rally, It will look to fill the gap to $482 above.
$Alphabet(GOOG)$ successfully bounce from 127 support with Monring Star reversal.It's now completed and breaks Rounding Bottom chart pattern.150-153 zone will be new support to look for BoD (Buy on Dip) opportunity.Based on Rounding Bottom target calculation, next long term target will be at 217Expect some turbulance around 176-192 zone.
Today, let's look into a few hot counters in market, through their recent market news and also technical chart review. COIN The recent downtrend can be attributed to increased profit-taking by investors who entered the market during the downturns of 2022 and 2023, as well as ETF investors who witnessed significant price appreciation on their shares after entering the market in the early weeks of 2024. On the macro front, the Federal Open Market Committee (FOMC) is not expected to make any changes to interest rates, but the view is taking root among investors that the central bank may not cut rates at all this year, delivering a blow to interest rate-sensitive assets such as cryptocurrencies, emerging market stocks and bonds or even commodities. COIN daily chart COIN share price retraced re
Hello eveyone! Today I want to share some technical analysis with you! Hope it can help you!The stocks are as follow: $S&P 500(.SPX)$ Once the trend changes, it's time to GTFO. GoNoGo highlighting + the 21 day EMA kept trend-following traders on the right side of the ball. Image $Coinbase Global, Inc.(COIN)$ earnings just dropped: ~EPS: $4.40 vs $1.07 est ~SALES: $1.64B vs $1.32B estImage $Apple(AAPL)$ posts a double beat for the first quarter, announces buybacks AND dividend raise! ~EPS: $1.53 vs $1.50 est ~SALES: $90.80B vs $90.01B est ~Board authorized $110B share repurchase ~Increases Dividend 4% to $0.25Image $iShare
Hello everyone! Today i want to share some technical analysis with you! Hope it can help you!1. $Palantir Technologies Inc.(PLTR)$ She's a beaut, Clark.Image2. $S&P 500(.SPX)$ So close to a MACD upside cross. With $Apple(AAPL)$ earnings reaction, that could be the catalyst for liftoff.Image3. $Shopify(SHOP)$ Falling wedge at the S/R flip zone into earnings next week. This should be fun.Image4. $Carvana Co.(CVNA)$ This chart suggests $150s to $170s are very possible.Image5. $NIO Inc.(NIO)$ The upside target hit today which was the Dec
The $S&P 500(.SPX)$ has remained range bound with some good volatility between 5000-5150, trading near the upper range before markets open today. While it may not immediately look like it due to the recent volatility— the index has stalled after the initial bounce. If my speculation is right, price will fail to advance much further from here. My thought remains unchanged— this relief rally has effectively convinced participants the pullback has ended.Follow me to learn more about analysis!!https://twitter.com/tomthetrader1/status/1786374878494630210
Hello everyone! Today I want to share some technical analysis with you! Hope it can help you!The stocks are as follow: $Chipotle Mexican Grill(CMG)$ Insiders at Chipotle securing some profits after last week's earnings report, including a $20M sell from CEO Brian Niccol. This was more than 4x the size of any of his other sales in the last 12 months. 💰Image $Intel(INTC)$ Remember this INTC double top detected by the platform back in February? This thing got cooked. 🩸Image $Invesco QQQ(QQQ)$ Current regime is clear when looking at market breadth on the Nasdaq 100: 📉 Sell the rip when 80% of constituents are above their 50 SMA 📈 Buy the dip when 20% of constituents ar
Hello everyone! Today i want to share some technical analysis with you! Hope it can help you!The stocks are as follow: $Tesla Motors(TSLA)$ These oversold bounces on TSLA have been rinse & repeat for over a year now: Enter when daily RSI closes below 30, exit +15% or -5% Simple, yet highly effective. 🎯ImageDay trading $SPDR S&P 500 ETF Trust(SPY)$ or $Invesco QQQ(QQQ)$ ? The per-session VbP indicator can help you cut through the noise & break down each day’s move with precision. Today, QQQ found perfect support off of the Volume Point of Control from Friday's session. ✅Image $PayPal(PYPL)$ heading for the equal
Hello everyone! Today I want to share some macro analysis with you! Hope it can help you!1.Intraday will focus on the U.S. first-quarter labor cost index quarterly rate, the U.S. February FHFA house price index monthly rate, the U.S. February S&P/CS20 big city house price index annual rate, the U.S. April Chamber of Commerce Consumer Confidence Index and other data, the market is expected to be better than the previous value of the overall, and will cause a marked suppression of the price of gold, and vice versa, will also go to the pressure of the shock, and thus the gold price today lower probability of closing down. $Cboe Volatility Index(VIX)$$Gold - main 2406(GCmain)$ 2.
Hello everyone! Today i want to share some techncial analysis with you! Hope it can help u!1. $Palantir Technologies Inc.(PLTR)$ Breakout w/ a MACD upside cross today..Image2. $SoFi Technologies Inc.(SOFI)$ Just a brutal range this thing has been in for 7 weeks now.Image3. $Alibaba(BABA)$ Over/under that this thing just gets rocked again and doesn't fly through the volume gap?Image4. $HSI(HSI)$ Bear flag breakdown into resistance or monthly falling wedge breakout coming?Image5. $Tesla Motors(TSLA)$ Another "V" bottom in the works?Image6. $Adv
Hello everyone! Today I want to share some technical analysis with you! Hope it can help you!The stocks are as follow: $Wingstop(WING)$ Fundamental Trader: "153x earnings for a chicken wing restaurant is INSANE! No way I'm buying that."Technical Trader: "Ascending triangle breakout in a strong uptrend, looks solid for a long trade."Image $Bitcoin(BTC.USD.CC)$ having some trouble with the 50 day SMA BTC Meanwhile, we have quite the TTM Squeeze building behind the scenes. 🍋Image $Abercrombie & Fitch(ANF)$ CEO of Abercrombie & Fitch, Fran Horowitz, sold $44.2M in shares this month after the stock ran over +400% in less than a year.This was her largest s
$S&P 500(.SPX)$ thoughts: A déjà vu scenario. I don't mind considering the scenario that repeats a similar path as the decline from last July through October. That corrective move was made difficult precisely because of a multi week period of uncertainty that created confusion for both bull and bear participants. Here is how I am thinking about it. In the decline from July - October 2023 the 2-3 week period of chop showed the market's positive bread as short lived (middle panel) and momentum stalling, barely going above positive (PPO lower panel). Considering these as markers, the analysis becomes simplified in that breadth should remain stressed and momentum fail to gain any meaningful traction if a similar decline path is in development. The
Hello everyone! Today i want to share some technical analysis with you! Hope it can help you!1. $Palantir Technologies Inc.(PLTR)$ A pretty clean setup on the weekly candle chart.Image2. $Baidu(BIDU)$ One of the prettier falling wedge setups I have seen in a while.Image3. $Invesco QQQ(QQQ)$ A nice bounce at the confluence area of the trend zone & October '23 pivot VWAP last week.Image4. $Advanced Micro Devices(AMD)$ Diagonal trend zone breakout on Friday as the MACD nears an upside cross.ImageFollow me to learn more about analysis!!https://twitter.com/Jake__Wujastyk
$JD.com(JD)$The $HSI(HSI)$ breached its 200 Day Moving Average (orange) last week but it still faces some resistance from a 3 year downtrend line (aqua).I am anticipating a breakout for Chinese equities and my favorite chart so far is JD.com (JD) which has breached its 200 Day Moving Average with decent volume and a bullish engulfing weekly close.First target would be the 3 year downtrend line (aqua) at $37. After hitting the first target we will implement a trailing stop loss strategy at $34. The goal is to keep all profits but also play the larger breakout above the downtrend line (aqua).Second Target would be a gap fill around $51 see chart here.Stop Loss: $28Profit Target 1: $3
Hello everyone! Today I want to share some trading strategies with you! Hope it can help you!1.Michael Mauboussin's checklist for a business' competitive advantage:Image2. $Lululemon Athletica(LULU)$ 's ability to grow its "Direct to consumer" segment by +39% annually since 2020 is impressive:Image3.8 "Boom and Bust" stocks from the pandemic 📉 1. $Asana, Inc.(ASAN)$ The stock is down -89.6% from its 2021 highs:ImageFollow me to learn more about analysis!!https://twitter.com/InvestInAssets
$JD.com(JD)$I think it'll get back to 60+. 18 mo. ago it was. Multi-billion company, new AI tech coming, new growth, sales are strong, pays a nice dividend, China recovering ✔️How could you be bearish? This is about to occur.What’s more, as for the technical analysis,What is a Golden Cross? A Golden Cross is a basic technical indicator that occurs in the market when a short-term moving average (50-day) of an asset rises above a long-term moving average (200-day). When traders see a Golden Cross occur, they view this chart pattern as indicative of a strong bull market.
$Alphabet(GOOG)$As you can see in my related ideas section, I opened a position in GOOGL on April 1, 2024 and decided to sell my entire position around April 15-18. Therefore I missed the upside on breaking out after earnings.Here are the main reasons why I decided to sell.The overall market was very weak during that time. The main indices NDX, SPX just started to break down their own MA-50There are many earnings coming out this week.My position was opened on April 1 therefore I did not have any significant profit in it to hold through earningsSo now what is the plan?Breaking into new high out of a large base is an opportunity to buy for trend-following traders. Therefore I will open a new position here with GO
$JD.com(JD)$Harmonic Dragon Formation in the Chinese Year of the Dragon - I like the idea. Monthly chart.The iSHS formation on the daily chart seems to be playing out well.When I see the MACD and Stochastic indicator on the monthly chart, I expect something along these lines. I'm sure I'll move the right channel some more, but I'm very confident that history will repeat itself and we'll reach point D soon.[Smart]So maybe we should think bigger.
$JD.com(JD)$Broke out of the resistance and also trading above the 200d. I am now expecting this to target $32-$35. Keep adding to any dip as long as the 200d hold.Buy it in the dip and hope for the rising in the future!
$Intel(INTC)$We have reached a hidden bottom characterized by the 1.27 retracement of the rise from the October 2022 low. It marked a support level from June to October 2023 and had served as a resistance from November 2022 to June 2023. This long term relevance makes it interesting today again.If this possible valid support level will result in a bottom building we may see a reversal of the downtrend.[Lovely][Lovely][Lovely]
$Alphabet(GOOG)$ successfully bounce from 127 support with Monring Star reversal.It's now completed and breaks Rounding Bottom chart pattern.150-153 zone will be new support to look for BoD (Buy on Dip) opportunity.Based on Rounding Bottom target calculation, next long term target will be at 217Expect some turbulance around 176-192 zone.