To The Moon

Hi everyone. Today I’ll be looking at an athletic apparel retailer: Lululemon Athletica Inc. (NASDAQ: LULU) LULU is trading in an ascending channel that has been making higher highs and higher lows. It has spent the entirety of the year, so far, correcting from the top of the channel to the bottom of the channel. The monthly Stochastic reading now sits at 0, 1 - this is considered an extreme oversold reading. The past few times LULU got this oversold on the monthly, it minimally gave a retaliatory bounce, if not a local bottom. For the weekly chart, the Stochastic is trying to put in a higher low. I’m just using the weekly chart to illustrate one of the major levels that I’m watching - 252.03. This level marked the bottom in May’22 and resulted in LULU making new ATHs. Should this level be

No pressure, bulls. $E-mini S&P 500 - main 2409(ESmain)$ , $SPDR S&P 500 ETF Trust(SPY)$ , $SPDR S&P 500 ETF Trust(SPY)$ Image $SPDR S&P 500 ETF Trust(SPY)$ 8+ months of support is on the line. Image

$S&P 500(.SPX)$ Heisenberg's Chart Update: What a day today huh?! First 2% drop close in god knows how long. Anyhow, we look forward bretherns! I can see a small mini reprieve bounce near term here. And then we trek further lower to fill that 5,375 gap fill, causing the Daily RSI to hit oversold conditions similarly to April's 5% correction. Heisenberg on XSeth Golden: VIX has signaled a RISK-OFF event when 10-Day ROC crosses 40. Historically, this has proven a $S&P 500(.SPX)$ BUY signal with forward 3 and 6-month positivity rates 84% and 91% respectively. If you have 3-6 months and cash...Seth Golden on X @TRIGGER TRADES : Watch for the 5467-

Key takeaway from this market pullback: diversification is crucial. Overallocation to semiconductors caught me off guard. To rebalance my portfolio, I'm diversifying into $Eli Lilly(LLY)$ at a 10% discount from its all-time high. Here's to a more balanced and profitable week ahead! 🎉

Hi everyone. In this newsletter, I’ll be looking at another semiconductor name: Super Micro Computer, Inc. (NASDAQ: SMCI) Among all the semiconductor stocks, SMCI has a very interesting chart. It has been consolidating in a bullish pennant formation since Mar’24 with higher lows and lower highs. RSI is putting in a hidden bullish divergence, while the Stochastic RSI has started to move out of the oversold region. Given that bulls are right 80% of the time, this is the more likely scenario. However, an alternative interpretation is that SMCI is trading in a descending channel instead, and we might see a larger correction over the next few months. The uptrend we have seen since April might instead be a bearish channel before a larger move down. In that case, how do we know which interpretati

Hi everyone. Today I’ll be covering one of Palo Alto Network’s main competitors in the cybersecurity space: CrowdStrike Holdings, Inc. (NASDAQ: CRWD) CRWD is currently trading in an ascending channel (in green) with higher highs and lows. In recent times, we saw a markup in trend (in blue) with a tighter ascending channel forming as we headed back to retest the top of the channel. CRWD is retesting channel support for the first time since Oct’23, on the back of the 2024 CrowdStrike Incident where worldwide systems crashed due to a faulty security update issued by the company. CRWD also retested an area that was previously resistance in late-2021 (prior ATHs at 298.48) and held that level. Stochastics have effectively been reset with a reading at the extreme oversold end (0, 3), while RSI i

$SGX(S68.SI)$ $SGX(S68.SI)$  SGX showed strong resilient against STI last week. STI drop from High of 3509 to close at 3447. (3 banks also follow accordingly) While SGX buckle the dropping movement and Bounce back up. From MA Line Bullish Set up$SGX(S68.SI)$  , it seems they are poised for upwards 👆 actions this coming week from 22-26Jul. I'm excited and anticipating SGX to create a New Higher High this week [Bless]  [Bless]  

I agree with this, fantastic results 

Alligator is waiting 

Waiting for a big drop?

Waiting for a big drop

$SPDR S&P 500 ETF Trust(SPY)$   We just witnessed history: It has now been 352 trading days without a 2% down day in the S&P 500, the longest stretch in 14 years. This is also the 10th longest streak in the history of the stock market. With the election and Fed in the spotlight, we have seen multiple daily drops of 1%+ over the last couple of weeks. Periods of low volatility are almost always followed by periods of high volatility. The current period of low volatility is coming to an end.

What pullback. Have been down USD 77k since 2022.

Due to the formidable rival— $Roche Holding Ltd(RHHBY)$ 's oral weight loss drug is coming!On Thursday's closing, $Eli Lilly(LLY)$ declined by 6.26%. By the time of Friday's opening, Eli Lilly had declined by 10.49% for the week, erasing all the gains since June 7th. In the meantime, $Novo-Nordisk A/S(NVO)$ fell over 4% on Thursday, with a weekly drop exceeding 8%, falling back to the price before May 10th.I have been keeping an eye on weight loss drugs before, and my friend was bullishly believes that $Eli Lilly(LLY)$ can rise above $1,000.1. Let me took a closer look at what happened?It turned out that their competitor i

OUTAGES - Biggest IT outage ever according to experts - Major banks, media, airports and airlines affected by major IT outage - Rail services disrupted in parts of US and UK - Payment systems impacted in different parts of the world, including Australia and the UK. - Australia's government calls for emergency meeting - Significant disruption to some Microsoft services - 911 services disrupted in several US states including Alaska, Arizona, Indiana, Minnesota, New Hampshire and Ohio. - Services at London Stock Exchange disrupted - Sky News went off air, other media facing disruptions - CrowdStrike CEO says not due to cyberattack and that 'the issue has been identified, isolated and a fix has been deployed'

A pull back is good and healthy, it’s good for both the investors and the market, it allows consolidation and position to be ready for the next new height.

Time to buy cheap. Shopping spree

Last night, the three major U.S. stock indexes fell. With the expectation of interest rate cuts, U.S. stocks once soared, and it is normal to fall. The Russell 2000 index fell 1.9%, retreating from the rebound earlier this week. Due to the impact of TSMC's performance exceeding expectations, U.S. chip stocks rebounded slightly last night, and Nvidia rose more than 2%. The United States announced the number of first-time unemployment claims on Thursday, the largest increase since early May, showing signs of a cooling job market and supporting expectations of a rate cut by the Federal Reserve. According to people familiar with the matter, a group of heavyweight U.S. corporate executives will travel to Beijing next week, hoping to meet with Chinese officials to gain a deeper understanding of

Technology stocks continue to adjust, with sector rotation accelerating due to: - Increasing investor caution - Rising bond yields - Growing concerns over inflation - Regulatory scrutiny - Global economic uncertainty Notably, value stocks are experiencing a broad rebound, driven by: - Attractive valuations - Improving economic fundamentals - Increased investor appetite for risk The market remains influenced by three key factors: 1. The US presidential election, with its potential impact on economic policies and regulations 2. The Federal Reserve's interest rate decisions, which affect borrowing costs and market sentiment 3. Earnings season fundamentals, as tech companies release their financial reports and guide future expectations These factors will likely drive market trends in the next

$SPDR S&P 500 ETF Trust(SPY)$ $S&P 500(.SPX)$   $SPX Chart Update: Well what a couple days it has been eh? But to be honest, a -2.5% peak to trough drawdown is nothing given that the markets are up almost 40% since the Oct 2023 lows. Literally should be considered run of the mill daily noise. We shouldn't kid ourselves here. I do think we get a little reprieve bounce here and then a further 2% drop down afterwards to the purple support area where the 50dma and the lower channel of the wedge conveniently is located. So around 5,450 ish on the SPX. Then maybe we get a last fake breakdown towards that gap fill area of 5,375 where it m

Due to the formidable rival— $Roche Holding Ltd(RHHBY)$ 's oral weight loss drug is coming!On Thursday's closing, $Eli Lilly(LLY)$ declined by 6.26%. By the time of Friday's opening, Eli Lilly had declined by 10.49% for the week, erasing all the gains since June 7th. In the meantime, $Novo-Nordisk A/S(NVO)$ fell over 4% on Thursday, with a weekly drop exceeding 8%, falling back to the price before May 10th.I have been keeping an eye on weight loss drugs before, and my friend was bullishly believes that $Eli Lilly(LLY)$ can rise above $1,000.1. Let me took a closer look at what happened?It turned out that their competitor i

Yesterday, led by the semiconductor sector, $NASDAQ(.IXIC)$ had its worst day since 2022. $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ plummeted by 21%, while $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ surged by 21%. $NVIDIA Corp(NVDA)$ shares fall 6.6%, market value evaporates $205.9 billion overnight.Chip stocks were hit by actions from both the Biden and Trump administrations. The Biden administration had previously informed allies that it would consider imposing strict restrictions on certain chip companies.Following the S&P 500's record-breaking 38 highs this year, the US stock market is now e

After the recent gains, on Wednesday (17 July), we saw S&P 500 losing -1.4%, Russell 2000 lost -1.1% and NASDAQ have the greatest loss at -2.8%, these has showed us that some consolidation happen. Influential winners for 2024 till now like mega cap stocks and chipmakers are instead giving significant declines on Wednesday and this has cause some impact on the broader market. Significant Declines From Nvidia, Meta, Apple and Broadcom Semiconductor stocks like Broadcom (AVGO) has the largest decline with -7.9% loss, followed by Nvidia (NVDA) with -6.6%. The next name to suffer is the social media platform, Meta Platforms (META) losing -5.7% and another favourite name Apple (AAPL) lost -2.5%. The Vanguard Mega Cap Growth ETF (MGK) declined 2.8% and the PHLX Semiconductor Index (SOX) slid

Hi everyone. Today I’ll be looking at an athletic apparel retailer: Lululemon Athletica Inc. (NASDAQ: LULU) LULU is trading in an ascending channel that has been making higher highs and higher lows. It has spent the entirety of the year, so far, correcting from the top of the channel to the bottom of the channel. The monthly Stochastic reading now sits at 0, 1 - this is considered an extreme oversold reading. The past few times LULU got this oversold on the monthly, it minimally gave a retaliatory bounce, if not a local bottom. For the weekly chart, the Stochastic is trying to put in a higher low. I’m just using the weekly chart to illustrate one of the major levels that I’m watching - 252.03. This level marked the bottom in May’22 and resulted in LULU making new ATHs. Should this level be

Big-Tech’s PerformanceOn July 11th, the Nasdaq gave back a week's worth of gains after hitting two straight new highs.In the past week, the technology giants took turns to hit new highs, but in the unexpected cold CPI index came out, the market pricing rate cuts are expected to be more, but the funds flow back to small-cap stocks, but also to a certain extent balanced the head of the individual equity weighting "over-concentration" of the problem.Will this be the second half of the overall trend? Or is it a blip? The key is still to see how the rate cut is expected and lands.The best performers over the past week through the July 11 close were $Apple(AAPL)$ +2.72%, $Meta Platforms, Inc.(META)$ +0.54%,

Yesterday, $NASDAQ(.IXIC)$ fell by 1.95%; and $S&P 500(.SPX)$ dropped by 0.88%; $DJIA(.DJI)$ rose by 0.08%. The market finally experienced the anticipated/worrisome pullback. Magnificent 7 hit hard. $Tesla Motors(TSLA)$ announced that the release of their Robotaxi will be delayed, plunging 8.44%.Jim Covello, Head of Equity Research at Goldman Sachs, pointed out that the current AI bubble might be more severe than the internet bubble. $NVIDIA Corp(NVDA)$’s decline led to a drop in the semiconductor sector, with $Direxion Daily Semicond

Hello Tigers[Heart]Why did U.S. stocks fall on Wednesday? What are the market expectations going forward? Assuming the correction continues, which sectors can we turn attention to?Below is some info may help.After Wednesday's trading, we saw that bear ETFs like lead the gains in the ETF sector.The top 10 ETF by % change are: $ProShares UltraPro Short QQQ(SQQQ)$ , $ProShares UltraShort Silver(ZSL)$, $ProShares UltraShort QQQ(QID)$ , $ProShares Ultra VIX Short-Term Futures ETF(UVXY)$, $Direxion Daily FTSE China Bear 3X Shares(YANG)$, $ProShares

$S&P 500(.SPX)$ Heisenberg's Chart Update: What a day today huh?! First 2% drop close in god knows how long. Anyhow, we look forward bretherns! I can see a small mini reprieve bounce near term here. And then we trek further lower to fill that 5,375 gap fill, causing the Daily RSI to hit oversold conditions similarly to April's 5% correction. Heisenberg on XSeth Golden: VIX has signaled a RISK-OFF event when 10-Day ROC crosses 40. Historically, this has proven a $S&P 500(.SPX)$ BUY signal with forward 3 and 6-month positivity rates 84% and 91% respectively. If you have 3-6 months and cash...Seth Golden on X @TRIGGER TRADES : Watch for the 5467-

Mag 7 Pullback: Is this the time to buy? Introduction In the world of finance and investments, the term "Mag 7" often refers to the seven largest tech companies by market capitalization, usually including giants like Apple, Microsoft, Alphabet (Google), Amazon, Meta (Facebook), Tesla, and Nvidia. These companies have been the driving force behind much of the market's gains in recent years, but recent pullbacks have investors wondering: Is this the start of a more significant correction, or just a minor dip before the next surge? Understanding the Pullback A pullback refers to a temporary drop in stock prices following a period of significant gains. It is a normal and expected part of market behavior, often providing a healthier market environment by allowing investors to assess valuations

One of the most recent controversies in U.S. equities is whether AI stocks are showing signs of a "bursting bubble".Of course, there are also whether the "bubble".First, market rotation has begun.Since last Thursday, there has been a "big rotation" in the market.The overall S&P 500 is down 0.88%;396 stocks in the S&P 500 gained, with the equal-weighted index up 1.17%;The Russell 2000 small-cap index jumped 3.57%, its best one-day performance since November 2023The "Magnificent 7" retreated en masse by a wide margin. $ Apple (AAPL) $ Microsoft (MSFT) $ Meta Platforms (META) $

### Pullback Coming! already ended maybe ? Will You Shop on Sale? The recent semi plunge has led to a broader market decline, raising questions about whether this is a healthy pullback or the beginning of a more significant correction. Here's my take on the situation and my recent actions. $Invesco NASDAQ 100 ETF(QQQM)$  Yesterday, I seized the opportunity to buy QQQM at $199 and $200. The dip in the tech-heavy Nasdaq 100 ETF provided a perfect chance to add to my position. QQQM includes many tech and chip stocks, which are integral to the ongoing digital transformation and innovation trends. I believe this pullback is a healthy one, not the start of a major correction. It allows long-term investors like myself to buy quality stocks at lower

Hi everyone. In this newsletter, I’ll be looking at another semiconductor name: Super Micro Computer, Inc. (NASDAQ: SMCI) Among all the semiconductor stocks, SMCI has a very interesting chart. It has been consolidating in a bullish pennant formation since Mar’24 with higher lows and lower highs. RSI is putting in a hidden bullish divergence, while the Stochastic RSI has started to move out of the oversold region. Given that bulls are right 80% of the time, this is the more likely scenario. However, an alternative interpretation is that SMCI is trading in a descending channel instead, and we might see a larger correction over the next few months. The uptrend we have seen since April might instead be a bearish channel before a larger move down. In that case, how do we know which interpretati

Hi everyone. Today I’ll be looking at another semiconductor stock for the first time: ASML Holding N.V. (NASDAQ: ASML) ASML has been trading in an ascending channel (in green) since 2020 and a marked up ascending channel (in blue) since 2023. The most notable sign of bearishness in ASML’s chart is that: It has hit the top of the green channel for the first time since the 2021 high; It has broken down from the secondary ascending channel for the first time with a bearish engulfing reversal candle (*requires weekly close for confirmation); Bearish divergences have shown up on the RSI and Stochastic RSI with a bearish crossover occurring on the latter, suggesting the start of a move lower In the short term, I am expecting continuation towards the 878-888.67 island gap. If there is any attempt

The American stock market has seen a massive shift lately, with small-cap stocks finally bursting into life after a long slumber. Amid expectations of an imminent Fed rate cut, the most speculative and risky US small-caps are soaring at a pace unseen since the pandemic.In the past five trading days, the Russell 2000 Index, a benchmark for small-caps, has surged 12%, marking the strongest rally since April 2020. During this period, the $S&P 500(.SPX)$ index inched up just 1.6%, while the tech-heavy $NASDAQ 100(NDX)$ even dipped 0.3%.Remarkably, the largest ETF tracking the Russell 2000 saw its weekly fund inflows rank second among equity ETFs last week.Cole Wilcox, CEO of Longboard Asset Management, not

No pressure, bulls. $E-mini S&P 500 - main 2409(ESmain)$ , $SPDR S&P 500 ETF Trust(SPY)$ , $SPDR S&P 500 ETF Trust(SPY)$ Image $SPDR S&P 500 ETF Trust(SPY)$ 8+ months of support is on the line. Image

Hi everyone. Today I’ll be covering one of Palo Alto Network’s main competitors in the cybersecurity space: CrowdStrike Holdings, Inc. (NASDAQ: CRWD) CRWD is currently trading in an ascending channel (in green) with higher highs and lows. In recent times, we saw a markup in trend (in blue) with a tighter ascending channel forming as we headed back to retest the top of the channel. CRWD is retesting channel support for the first time since Oct’23, on the back of the 2024 CrowdStrike Incident where worldwide systems crashed due to a faulty security update issued by the company. CRWD also retested an area that was previously resistance in late-2021 (prior ATHs at 298.48) and held that level. Stochastics have effectively been reset with a reading at the extreme oversold end (0, 3), while RSI i

Large Cap Companies Strength Trend Meter Bar Chart: $Alnylam Pharmaceuticals(ALNY)$ $Rivian Automotive, Inc.(RIVN)$ $Support.com(SPRT)$ $MongoDB Inc.(MDB)$ $Samsara, Inc.(IOT)$ $Carvana Co.(CVNA)$ $FedEx(FDX)$ $Anglogold Ashanti(AU)$ $Argenx SE(ARGX)$ $Cloudflare, Inc.(NET)$ Image $Rivian Automotive, Inc.(RIVN)$ : Morgan Stanley ra

$NVIDIA Corp(NVDA)$ $Amazon.com(AMZN)$  Hot US Stock Market News Wall Street Drops as Nvidia Leads Tech Stock Decline 📉🚀 Kia ora Tiger traders! Today's hot news from the US stock market is all about the recent declines driven by Nvidia leading the drop in tech stocks. Here's the scoop: 📊 Market Performance: - Dow Jones Industrial Average (DJI): -0.3%, closing at 39,000.87, with several major stocks in the red. - Nasdaq Composite:-1.5%, ending at 18,000.76, significantly impacted by tech stock declines. - S&P 500:l -1.2%, closing at 5,500.19. 🔍 Driving Factors: - Nvidia (NVDA) shares fell 10% today, leading a broader sell-off in tech stocks. This decline was influenced by profit-taking and concern

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of S&P 500 E Mini ES_F. We presented to members at the elliottwave-forecast. In which, the rally from the 31 May 2024 low unfolded as an impulse structure and showed a green right side tag. Suggested that the index should see more upside extension to complete the impulse sequence. Therefore, we advised members not to sell the index & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: S&P 500 E Mini ES_F 1-Hour Elliott Wave Chart From 7.01.2024 S&P 500 E Mini (ES_F) Perfect Reaction Higher From Blue Box Area Here’s the 1-hour Elliott wave chart from the 7.01.2024 New York update. In which, the short-term cycl

The $NASDAQ(.IXIC)$ $Invesco QQQ(QQQ)$ ($QQQ) had its biggest one day drop since 2022. Investors have been asking me why the sudden drop? What has changed in the last 24 hours? Two main reasons. Markets move in waves. After a wave up, there is always a wave down. After an extended wave up, the $QQQ was due for a wave down. Seasonality. Look at the second chart below. During Election years (since 1950), the market historically falls on the 3rd week of July. This was a textbook pattern The mainstream news will come up with all kinds of bullshit reasons to justify the drop ... comments from trump, geopolitical concerns blah blah blah The reality is that in the short-term, market prices are all manipulated by