expanding flat in APPLEElliott Wave Analysis:-
View:-
A irregular flat has formed and currently the C wave is forming.
if it didn't break 123 level then this will be expanded flat
and if it breaks the level then it will be expanded running flat which may extend to 108.
we can accumulate little here and a bit more in level 2 and bit more in level 3.
3 crucial level's ;-
level 1:- 169
level 2:- 140-152
level 3:- 104
An alternative view will be published.
I'm not a SEBI registered advisor.
Kindly before taking a trade do your research/ consult your financial advisor.
Apple
Apple Moving Lower for LongerAPPL (1D) - Quick Analysis
Price Chart
Apple's price action has filled it's August gap (White Dotted) and turned lower pushing past the 12, 26, and 50-day EMA's in one swoop. Both RSI and OBV have created trend lines (Yellow Solid) that the indicators look to be respecting with failed retest; as RSI is on the verge of pushing below the 50 level.
What Seems Legit?
This bad boy finally cooling off. It's up 60% YTD. First retest it's 200-day EMA then retest it's major trend line and some good chaos in-between.
Check us out on Twitter for charts not posted here, memes, and news that that doesn't make the news
Chart Key
Yellow Solid = Trend Line
White Dotted = Gap Fill
Green Boxes = Supports / Target Areas
Docusign - In Theory, A Long-term Technical MultibaggerDocusign has its earnings call tomorrow and is another one of those stocks like Disney, Paypal, and Target that's been low for a long time (I have calls linked below), everyone wants to get long on, but they don't go up.
The difference between the other three and Docusign is that Docusign may be undervalued at its $10 billion market cap and has significant tells in its price action that show it may be a multi-bagger long term.
It shows the most clearly on the monthly, as the $180 level that the November of 2021 dump took out was never retested or even attempted to be retested on any time frame.
This generally indicates that the market makers will take price back to this level. This is a notable development in light of the fact that price has been in a grinding chop and long accumulation for almost two years.
However, the monthly and weekly candles show no signs that accumulation is complete.
Namely, we are missing the "manipulation" stage of price action where lows are raided.
Considering my thesis on the Nasdaq and the SPX being very bearish this month is legitimate:
Nasdaq Futures - Are You Prepared For Red September?
and
SPX ES Futures - A Great Deal of Caution Is Advised
On the basis that the JPM Collar where America and the world's most significant bank is long 15,800 SPX 4,225 puts that expire September 29 and have never been in the money is meaningful, Docusign earnings tomorrow morning may be a vanguard dumpster fire.
The significant part of the Docusign price action is that the weekly bars show that even a pump to $60 or $61 is still bearish, and would follow in the footsteps of Disney and Target in being a market maker clowndunk on bulls.
I think the trade on this is to long a higher lows pattern forming at either $42 or $38, since that would give the entire trading range since the IPO a higher lows pattern, or wait until a scheduled market rebound in 2025 after Joe Biden is given his second term as President because Donald Trump died in prison for Xeeeeeeting about election fraud.
Either way, I think early bulls are going to get merked, but whoever can stay patient on this stock will pick up a multi-bagger.
But that multi-bagger may not be scheduled for years, and years away from now may simply be too far away to matter whatsoever.
The key problem with any long-term bull thesis on anything is the impending collapse of Xi Jinping's Chinese Communist Party, which has become ever more obvious from so many pieces of economic data, including reports that places like Shanghai are abnormally empty at the moment.
The persecution of Falun Gong launched by Xi's predecessor Chairman Jiang Zemin on July 20, 1999, has gone on for 24 years and even included the unprecedented sin of live organ harvesting against 100 million spiritual cultivators.
Although Xi has been executing the Jiang faction in droves since he came to power in 2013 under the Anti-Corruption Campaign for the persecution, and although Jiang died a few years ago, the persecution continues to this day.
Because Xi is the head of the CCP, he's culpable and responsible for everything the Specter of Communism has done in all of human history.
And so what we may see one day shortly is that Xi throws away the CCP during Beijing evening, which conveniently corresponds to right before Manhattan stock market opening.
The gaps down will be relentless, and will never come back. The bump and run reversal plan to scam the entire world out of trillions more dollars by the Party West International Rules Based Order U.S. Empire will be all for nothing, and everyone will run for their lives.
And on that basis, perhaps Docusign will never amount to anything, for those gaps are obviously there to be retraded to during the next pseudopandemic where you're supposed to stay in your house with the heat off, live on the Metaverse, work on Zoom, digital sign documents, and stay in your open air "15 Minute City" prisons.
Because everyone has been going to Shanghai and Tsinghua to swear Marxist vows, sing Marxist songs, and train the CCP's Zero-COVID Social Credit System for export in exchange for benefits.
Figuring it out isn't very hard. Believing in it isn't very hard. But too many people have made themselves fools.
Humanity, I hope you can walk out of the catastrophe. But in reality, not many will.
SPX ES Futures - A Great Deal of Caution Is AdvisedIt can be said that it's no surprise whatsoever that Jackson Hole was used so that options sellers could make various positions expire worthless, since it occurs on a Friday and was widely expected to be a high volatility day.
Although indexes closed with sub-1% moves, the intraday range was actually very significant.
Perhaps with Wednesday's apparent bounce and Friday's recovery, and the VIX trading at a 15-handle again, traders have been told to become bullish again because "new bull market."
Yet when we look at the ES monthly, we see that price action has already taken out the July low.
And we see from the Weekly that the weekly bounce simply swept into the wicks by a half handle before retracing upwards of 3%.
The Nasdaq swept even higher, into the week of August 7's wicks:
And the Dow is actually just really, really bearish:
The biggest problem bulls face heading into the end of September and the end of Q3 is the situation in Mainland China with Xi Jinping and the Chinese Communist Party he has still yet to throw away.
While many people may still feel that a sub-10% move on ES futures for the month of August, that will take out the July low circa-4,100, is a dream too good to come true with four days remaining...
Consider that China's Hang Seng Tech Index, in an economy where every single company is a de facto state-run enterprise that must report to the CCP in every way, has an almost 17% range this month while dealing with a similar numerical value to the SPX:
What hangs over the head of all of humanity is the 24-year persecution of Falun Dafa's 100 million practitioners by the CCP under former Chairman Jiang Zemin (it died) starting July 20, 1999.
In order to go to places like Tsinghua and Shanghai and do business as a foreigner, one has had to "transfuse blood" and swear vows to the Red Regime and the Jiang Faction, and this has formed significant skeletons in the closet of many of the companies that support the indexes.
If you don't believe it. Just go look up the Neil Heywood saga, or look at Canadian establishment journalist Sam Cooper's book "Wilful Blindness: How A Network Of Narcos, Tycoons And Chinese Communist Party Agents Infiltrated The West" and take a calloused look at reality.
The start of August has marked a bearish shift in market structure. And although there are significant fractals that show a retrace to the highs is actually very realistic, the reality is that with how price action has played out, every bounce has occurred to rape bears and trap bulls.
And this means that if there is to be a bounce, it's likely in Q4, which means there's another month of megadoom ahead.
JP Morgan's big fund has been long puts from 4,225 since the end of June, and those puts have been significantly under water this entire time.
JPM doesn't lose money and is hedged, of course, but the reality is that because of time decay, price must now trade significantly below 4,225 for those puts to even break even, the 4,665 calls to finally expire worthless, and the 3,550 puts they sold to a client to even have a remote chance of mitigating their losses.
The truth is that the target, since indexes took the July low and have not truly bounced, is the June low.
For ES SPX futes, this means 4,178, and more likely, a raid on the 4,100 big figure to complete August.
There's only four trading days left, and this amount of volatility will be significant. But at the same time, it's only a -5.34% week from where we closed on Friday.
A quarter-handle raid on the low will result in a sub-10% loss this month for the SPX.
Compare that to the Hang Seng Tech and tell me how unrealistic reality is at a time that all of humanity is in great danger.
So, what are the news drivers? On Monday, there's nothing in the economic calendar, but Tuesday is JOLTS, Wednesday is ADP Non-farm and GDP, Thursday, the 31st is PCE and Unemployment, and Friday, September 1, is the most volatile day of the month, Non-farm Payroll.
Anyways, bulls, buying the dip is cool, but your calls better expire January of 2024. Anything less, and you're probably just donating money to some Hedgie's son's fraternity fund.
NASDAQ WITH 13000+ SWING BULLISH PIPSNasdaq has been on a steady rise in price and the most recent pull back that touched 50/618% Fib region is except and would likely in the coming month take the stock price to 16800 dollar bench mark
According to DANCOLNATION CAPITAL TRADING STRATEGY,
We shall on the SWING perceptive join the trend after a retest to this most recent break out level to take an advantage of this amazing 13000+ pips
APPL ready for a bounceHi traders
Let's have a look at APPL stock chart.
In my opinion APPL is ready for a bounce from the downsloping support which is being tested now.
There's a gap which may get filled .
Moreover, the target for longs would be at 190 $.
If the downslping support fails, probably we will see 171 $ and potential double bottom may be formed.
Good luck
Goldman Sachs - Are Banks The Next Dumpster?Goldman Sachs is another one of those stocks that's traded like a can of dog food for a very long period of time that the masses are really drawn to, much like Target, Disney, and Paypal, of which you can find calls for that I've made in the linked section below.
GS is relatively significant in that it's one of the 30 components of the Dow, which is one of the big three indexes.
The Dow had previously been the leader in strength, and for a long time, but in the last several weeks has become the leader in weakness.
Although it looks like a minor blip on the radar, I feel it's something of a harbinger of doom.
And the problem for Goldman Sachs can be seen clearly on the monthly:
Clearly insofar that the bounce from the 2018 high should have lead to new highs.
Instead, the distribution block from the market highs served as resistance. 14 months later, it took out July's low and we can now safely theorize that lower prices are in order.
Weekly bars show us that a failure swing has formed and July's price action was just a local stop raid.
So, what could a catalyst be? Arguably, there doesn't need to be a catalyst. It's just that JP Morgan is long 15,800 puts with a strike of SPX 4,225 expiring September 29 that have never been in the money since they were purchased at the end of Q2.
And so when one index falls, all indexes falls, and the arbitrage algorithms naturally take component stocks down with them.
There's also the economic disaster China under Xi Jinping and his Chinese Communist Party are facing. When you have a disaster hit the world's "Central Kingdom," nobody is an island and those macro equity flows will cause significant turmoil in other markets.
For the U.S. market makers, this simply represents an opportunity to kill longs, buy everyone's losses at the bottom, and rip it back to new highs while you short sell and chase the entire way because Reddit and Discord and Xeeeeeter told you to.
But "the best laid plans of mice and men often go awry."
What looms over the head of humanity is the CCP's 24-year persecution of Falun Dafa's 100 million practitioners in Mainland China, which was launched by former Chairman Jiang Zemin on July 20, 1999.
Although Jiang is dead now, the persecution still continues. Xi hasn't been a part of the persecution. Xi, to the contrary, has been killing the participants of the persecution in his "Anti-Corruption Campaign."
But much of the world has gone to Shanghai to do business with the Jiang Faction and that requires swearing vows to the Red Cult's Flag of Blood and leaving collateral.
This is going to be a roadblock to the future for the U.S. "systemically important banks" that cannot be passed, and the impact is going to be significant.
So, here's the trade on Goldman Sachs.
The target the algorithm is set up to pursue is definitely $275. Shorting from $320 actually really isn't that bad. Getting $45 on a put will do rather well for you even if you can only afford one.
Although optimal entry was definitely the $350s.
But the truth is that you aren't likely to be able to long $274 profitably. I'd say the first place you can look for a reversal or a meaningful bounce is $223.
Humans won't believe it until they see it. But once you see it, it's too late.
It only counts if you do something for yourself while the cards are still face down.
Just like poker, the river is coming, and there won't be any "running it twice."
Apple -> Now Getting Long!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪
Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance.
On the weekly timeframe you can see that Apple is already approching previous resistance which could be acting as support and considering that this level is the previous all time high I certianly do expect at least a short term bullish rejection.
However on the daily timeframe everything is still looking quite bearish - therefore I am waiting for a break and retest of the $183 daily structure level before the daily timeframe is also ready for more bullish upside.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Short Trade in AAPLApple has been a top performer all year. The uptrend has been a thing of beauty – steadily marching higher since January.
But that ride is over. The stock fell 10% in a week and still failed to attract buyers. It finally broke down last week before reversing higher.
But that rally failed. And AAPL is again breaking through short-term support.
Traders may consider selling short AAPL stock here in a bet that it will go lower still. This is a very low-risk trade since you could place a buy stop at $182 and risk less than 3% on the trade.
Given the high price of the stock, it may be easier to simply buy a put option, like the AAPL $175 put that expires on October 20.
APPL show a large triangular APPL show a large triangular
This chart shows the weekly candle chart of Apple's stock in the past 4 years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, the recent high click through of Apple's stock has broken through the 1.618 position of the bottom up golden section in the figure, and then fell down, showing a large triangular oscillation and consolidation pattern overall! So for a period of time in the future, the bottom of the graph should be used to determine the bullish and bearish divide of Apple's stock, with the 1.382 position of the golden section above it and the short range below it!
Snowflake - Is It Time To Stop Gambling On Chop?Snowflake, a Nasdaq company, has earnings looming post-market, which has IV on weekly calls and puts juiced to 150%.
Yet people are still gambooling on the next big instawin. The problem is you'll blow your account and won't need TradingView anymore and won't be able to have any fun in your community.
Really, a far better proposition if you want 5 and 8:1 odds on things that are like 10 or 20:1 against to hit is to deposit on a sportsbook and put the same risk into a 3-bet parlay on late season MLB.
If you're right you'll even get paid the same day and not have to mess around with charts and bars all day.
Snowflake is one of the tech sector dump casualties, but has never bounced.
The monthly shows very clearly we're simply sitting in $90 worth of range spanning almost a year and a half.
And while $90 in range is pretty good, the problem is that it doesn't pump. There will eventually be a change in market structure and the most likely target is under $110.
Weekly bars show us that the May low has been taken out before earnings, and this is a factor that is not consistent with bank/fund sponsorship to take out the highs.
Which hints to us that the largest players who can move the market of a company that is still valued at $49 billion while printing $650~ million in quarterly revenue are probably targeting the bottom of "the flag" and not the top.
While the failure swing at $190 forms a double top and becomes a target, the problem is that everything is set up, with Jackson Hole as the Federal Reserve and the world's most critical financial policy decision pending on Friday, to continue to correct and correct violently into the fourth quarter.
Nasdaq Futures - The Trend Is Your Friend, Until The End
Moreover, a lot of the worldwide economic situation is being heavily driven by what's going on Mainland China with Xi Jinping and the Chinese Communist Party he still hasn't thrown away.
Word in the Western media is that the regime's de facto state run corporations, for whatever reason, are sitting on something like $3 or $4 trillion in real estate debt that's about to explode in their hands.
There's still the problem of natural disasters like the Beijing floods, economic calamities like the International Rules Based Order jawing and chattering about "de-risking" from China, and the impact of the virus that has claimed many, many more people than the few hundred thousand the CCP has officially reported to John Hopkins for the official trackers.
Worst of all is the 24-year persecution and organ harvesting genocide against Falun Dafa's 100 million spiritual practitioners looms over the head of the Party. Even though Xi isn't responsible for the persecution and hasn't participated, it was done by former Chairman Jiang Zemin and the toad faction nested in Shanghai-Babylon, Xi is the one with his head in the prisoners' box because he's now the Chairman of the Party.
And on top of that is an epidemic of arsons masquerading as climate change that have burned to death tens of thousands of hectares of trees and forests and their associated plants and animals.
This world is out of control, but it's not allowed to stay out of control for long.
And while it's on the brink, you're being told to get long by furus, Discord, Telegram, Wechat, Stocktwits, and Reddit, and are happy to take the bait, because you don't see the danger.
So here's what's up for SNOW on earnings.
A really likely theory is that it doesn't do much at all because the option sellers will just hold the price where it is in advance of Jackson Hole, let IV decline, collect all the premium from you as everything expires worthless on Friday and laugh.
And somewhere along the way, Snowflake will have a $12 retrace to bring in breakup traders and take out short sellers to $165. But this $165 will be another form of optimal short entry to target the $100 mark before Q4 expires.
If there's to be upside on this stock, based on the length of time and range of the chop and the specific price action amid the overall market and macro conditions, it would be a lot more likely to come after the lows get taken.
Be careful.
Is AAPL Worth Considering for Dividend?Introduction:
As a trader, you constantly seek investment opportunities that offer promising returns. While Apple Inc. (AAPL) has long been known for its innovative products and market dominance, it's worth questioning whether it is equally attractive regarding dividend investing. In this article, we delve into the breakdown details of Apple's dividend and explore whether AAPL is worth considering for dividend-focused traders like yourself.
Call-to-Action: Worth Considering AAPL for Dividend
Considering the breakdown details of Apple's dividend, it becomes evident that AAPL is a stock worth considering for dividend-focused traders. Here's why:
1. Consistent Dividend Increases: Apple has a track record of consistently increasing its dividend payout, reflecting its commitment to rewarding shareholders.
2. Competitive Dividend Yield: With a dividend yield of , AAPL offers a competitive return compared to other dividend-paying stocks in the market.
3. Potential for Future Growth: Apple's commitment to dividend growth suggests that there is potential for further increases in the future, which could enhance your investment returns.
4. Strong Financial Position: Apple's relatively low payout ratio indicates its ability to sustain and potentially increase dividend payments in the long run, supported by its strong financial position.
In conclusion, while Apple's primary focus may be on its product innovation, the breakdown details of its dividend program make AAPL a compelling option for dividend-focused traders. By considering AAPL for dividend investing, you can benefit from consistent dividend increases, competitive dividend yield, and the company's strong financial position. So, why not explore the potential of AAPL as a dividend investment opportunity?
Disclaimer: It is essential to conduct thorough research and consult with a financial advisor before making any investment decisions.
AAPL | Informative | Aug 21 to Aug 25NASDAQ:AAPL
If the price of NASDAQ:AAPL breaks above the bullish trigger of 175.10, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target prices could be set at 177.20, 178.10, and 179.72.
Conversely, if the price of NASDAQ:AAPL breaks below the bearish trigger of 173.48, it may suggest a bearish signal, implying potential downward price movement. In this case, the target prices could be set at 171.96, 170.52, and 169.50+.
*Personally I expect a bullish price action during the week.
Tesla - What To Expect Until September?I heard something rather enlightening on Twitter recently, and it was someone who quoted some sort of analyst as pointing out "Tesla is its own market."
I think that's really correct, and really apt, especially in light of a recent analysis of the new JPM collar that dropped on Friday, where I anticipate a very violent and very major drop in the markets until Q3.
SPX/ES - An Analysis Of The 'JPM Collar'
The point is that Tesla can (and has; and will) go up or go down regardless of what the indexes are doing
This call is also a continuation of a very successful call I had on Tesla posted in February. Things took several months to pan out to the downside and then to the upside, but everything came to fruition:
Tesla - $250 Is Coming... Don't Lose Your Legs In the Bear Trap
The key thing with Tesla, especially for the long term holders who think this company has a $3 trillion valuation in it like Apple does, is the Q4 dump to almost exactly $100 was anything but bullish.
But fortunately, this "bearishness" has manifested in a significant bounce, and, in my opinion, the Party hasn't yet stopped here.
Speaking of "The Party," you have to be very careful with Tesla because Elon Musk decided to root a huge bulk of his company's production with a Gigafactory in Shanghai-Babylon.
This leaves this company open to exceptionally enormous geopolitical and fundamental risks as President Xi Jinping faces the possibility of having to dump the Chinese Communist Party overnight, any night, because of the battle against both the remnants of the Jiang Zemin faction inside China and the "International Rules Based Order" that's rooted itself in Taiwan.
To put it plainly, the IRBO wants to take over China using someone it has groomed from The Republic when the CCP falls, with the idea being to take down Xi with the Party.
The "Jiang Faction" is significant because it's the architect and conductor of the 24-year-long persecution and genocide of Falun Dafa's 100 million practitioners.
The sins are grave to the extreme and can (and will) be weaponized to put an end to the threats to Cathay.
With Tesla, I believe it's going to dump, and with some fury. And during the process, you'll hear a lot of FUD about blah blah fundamentals this, blah blah "can you believe how this ponzi is dumping people who bought $250 will be generational bagholders" that on social media.
You need to ignore all of that, because the day Tesla breaks $100 is the day Tesla is finished.
Moreover, Tesla is about to give you a buying opportunity in the $180 range. Remember that whole adage about "buy the dip"?
You're about to get the opportunity, again, but it won't feel very good because things will be scary and it will seem like everything is going to zero, and tomorrow.
Seriously, read the JPM collar post above.
Once the dust has settled, if the April lows remain intact, then the next target is the equal highs printed in July to September before the enormous sell off, amounting to nearly another two bagger.
But perhaps what Tesla really is aiming for is something Musk can get high on.
If by early September you see the price bouncing and try to short, it'll more or less turn out as bad as it did for NVDIA bears.
No matter how you complain about P/E ratios and market cap and comparisons to Ford and Toyota, the reality is, this is what a bearish market structure actually looks like in action.
The banks sell on red and buy on green.
You buy on green and sell on red.
It's a painful reality, isn't it?
APPLE Trading Opportunity! BUY!
My dear subscribers,
This is my opinion on the APPLE next move:
The instrument tests an important psychological level 174.49
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 180.67
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
TSLA — Bulls, This Is Your Chance to Punish The Club-Footed OnesTesla over the weekend said its first much anticipated Cybertruck came off the electric vehicle maker’s production line in Texas. The debut of the long-delayed, futuristic-looking pickup truck comes in the lead up to Tesla’s second quarter 2023 earnings call.
Tesla CEO Elon Musk first introduced the Cybertruck in 2019, but vehicle production has repeatedly been delayed. The truck was initially scheduled for production and delivery in 2021, but Tesla has pushed back the timing since then, citing shortages in sourcing components.
In July 2022, Musk set a new production schedule for summer 2023. During Tesla’s first quarter 2023 earnings call, the executive also promised to host a delivery event for the Cybertruck towards the end of Q3.
Musk said at Tesla’s 2023 annual shareholder’s meeting in May that the automaker could deliver between 250,000 to 500,000 units per year once production begins. Mass production is scheduled for the end of this year.
Analysts will be on the lookout Wednesday during the automaker’s Q2 earnings call for firmer details on production, delivery and specs.
While Tesla has attributed Cybertruck delays to standard supply chain issues, leaked documents have revealed other fundamental flaws in the vehicle’s basic design and engineering. In January 2022, a whistleblower leaked 100 GB of files to German outlet Handelsblatt that showed preproduction prototypes had serious braking, powertrain, suspension, sealing and structural issues. The report, which detailed unfulfilled promises from Tesla, reminded many of the first Cybertruck reveal event, when the vehicle’s designer cracked the supposedly unbreakable armor glass windows.
As of November 2022, the Cybertruck had over 1.5 million reservations, according to a report from Electrek. Tesla customers have been able to put down a $100 refundable deposit to pre-order since 2019.
Tesla originally estimated the truck would start at $39,900 for the single motor and rear-wheel drive model, which would have a towing capacity of 7,500 pounds and more than 250 miles of range. That model is now expected to start at about $50,000, according to Kelley Blue Book. The dual-motor, all-wheel drive version could start at around $60,000, and it should have a towing capacity of more than 10,000 pounds and over 300 miles of range. The priciest version, starting at around $70,000, will have three electric motors and all-wheel drive, a towing capacity of 14,000 pounds and battery range of over 500 miles.
Tesla usually changes prices in the middle of a model year, so these prices may shift again before the end of 2023. Cybertruck buyers may be eligible for the U.S.’s $7,500 federal EV tax incentives.
Tesla’s pickup truck launch will bring the automaker into another profitable EV segment in the U.S. The Cybertruck will have to compete with electric pickups like Ford’s F-150 Lightning, which is available now with a starting price of around $60,000. Other upcoming pickups include the Chevrolet Silverado EV and the Rivian R1T. The Silverado EV Work Truck starts at $77,905 and can go 450 miles on a charge. Delivery is expected in the fall of 2023. The Rivian starts at $74,000, with deliveries for certain trims starting this summer.
Technical picture in Tesla stocks NASDAQ:TSLA indicates that bearish trend is over, and this is the last chance to jump on the footboard of Tesla rocket.
Bulls, This Is Your Chance to Punish All The Club-Footed Ones
Palantir - Fear Worshippers of The All Seeing EyeI have to say that Palantir is a really difficult chart to read. On the one hand, looking at monthly bars, it's the kind of pattern which indicates new highs are in store.
Weekly bars are about the same. Nothing about this says you can short.
And its only that there's some divergences on the daily. But those divergences are really meaningful.
However, at the same time, although it's up some 220%+ from the bottom, the bottom did take out the IPO low, which is not bullish.
And these high prices are coming at a time when the Nasdaq and the SPX may very well have topped, which I address in my latest call:
SPX - The Sound of a Shattering Iceberg
Palantir is a company that is ostensibly a key component of the panopticon surveillance network that underlines the International Rules Based Order's version of the Chinese Communist Party's social credit system.
At least, this is what rightists would tell you. If you asked the people behind the West's implementation of social credit, they would say they just seek to advance an enlightened society while keeping stability and security under control, and big data collection is crucial to that.
Well, if you ask CCP members, they would tell you the same thing, just coated in Marxist jargon.
And therein lies the problem. Mankind needs to return to its 5,000 year old traditions, which were reared and established over China's long dynasties, instead of trying to go Big Atheism and reinvent The Wheel.
Regardless of if Palantir at its current $37 billion valuation is a part of the future or a part of the past and gone with the wind, the last three months of trading have been totally one directional.
Which makes wanting to get short very deadly.
However, conditions for a short setup that is at least a scalp were formed with the July high on the 19th.
The reason for this is that price swept a key level and was met with a stiff rejection, taking a pivot.
All on its own, in the stock market with the way it just likes to go uppy or grind sideways, this makes shorting or puts hard, still.
But what we saw is daily candles double bottom at precisely $16.00, with Friday's trading session being yet another big green gainer on the back of such a bottom.
And so, as Buffet said, one should be fearful when others are greedy, and greedy only when others are fearful.
So the trade is to short somewhere between where we closed on Friday and over $18.
When another dump occurs, where it dumps to will tell us everything about the future.
If Palantir is truly bullish to more upside, it will preserve the June low at $13.56.
If it's really bullish, it should even preserve the July low at $14.62
If it's bullish, but is going to take until 2024 to go higher, we can expect prices under $12.
If it's bearish, prices under $11 are the target, with an all time low on deck and about to hit everyone on the face.
Which do I think is the most likely? Frankly, probably a dump under $15 and a new high in August.
There's no other way to put it or look at it at the moment.
For things to be different, you'd need something like a banking crisis to intervene in the markets, a prospect I undertake here:
Charles Schwab - The Harbinger Of The Next Crisis?
I believe that, all things considered, the risk side of the trade right now is people who are longing this top, regarding it as a dip to buy, expecting more highs.
Because people have capitulated, become greedy, and have taken their eyes off the clock.
You should remember that you're just standing in an equities bear market rally while central banks have their key rates pinned over 5% and no intention to cut.
This is bad news for stocks, and yet people are being told indexes are set to make a new all time high.
Repricing to the downside can come violently, aggressively, be gappy, and will give those on the wrong side of the trade no chance to get out.
Be very careful.
Apple - So, You've Been Taught To Buy That Dip...Apple has really been, perhaps arguably, the key reason the bear market rally has been as extreme as it has in 2023.
Looking back to January, there really has not been even a single genuinely bearish day.
But with Q2 earnings as a catalyst, we now have signs of a genuine and significant reversal pattern, and at an all time high. It's very evident on monthly bars.
Weekly bars are even more obvious, showing that today, we took the July low, and there's no luft to the bounce.
Long is a bad trade and short is now a good trade, is what we're being told.
"The trend is your friend, until the end" is a saying with a lot of wisdom. If you can figure out you've ran into "the end" in the first few hours, then you really will be a lucky person.
A lot of people may be about to blow their accounts trying to buy that dip, which they've been conditioned to do so like Pavlov's dog and his bell.
Apple is a company that's maintained close ties, all these years, to the Chinese Communist Party. You should always remember there is a difference between "China" and "the CCP."
China is a 5,000 year old country with a culture of dynasties that were imparted since the Great Flood by the Divine.
The CCP is a 100-year-old Red Demon whose existence was arranged to destroy humanity, the Earth, and the Cosmos itself.
Xi Jinping has ruled both China and the CCP since 2012, and it's both a blessing and a curse for him. If Xi isn't intelligent enough to go Gorbachev-style and overthrow the Party in the middle of the US night, then Xi will go down in history as the leader of the rogue regime at the end, and will be responsible for everything it has done in history.
This includes the 24-year-long persecution of Falun Dafa's 100 million spiritual cultivators.
Although the persecution was started July 20, 1999 by former Chairman Jiang Zemin and conducted by the toad's faction all these years, and Xi has been killing and bankrupting the rogue faction's minions in the Anti-corruption Campaign, the problem with being tagged as the CCP's leader is that the head is always the first thing you cut off with the guillotine.
So, here's the thing for Apple.
I expect Apple to take the $176.93 July low, probably sometime next week, based on how the markets are reacting.
From there, we may see a retrace.
What this will indicate is that Apple's market, for the first time in 2023, has finally shifted bearish.
What this is the canary in the coalmine for is a significant correction. You can actually see this kind of pattern play out strongly in Amazon's monthly bars, which I comment on in their earnings pattern below:
Amazon - Greed, Just Like Speed, Kills
I anticipated that SPX was due for numbers as low as 4,420~ in the below call:
SPX - The Sound of a Shattering Iceberg
And so the setup with Apple is this:
Short any bounce, with a target of $174. Then, don't get greedy. Anticipate a bounce into the August 18 options expiry.
But that bounce may be no better than a flirt with $190.
From there, you can consider it a "Godshort" with a target below the 2022 $124 low.
And what I want to say is that if Apple has topped, everything is topped.
Everyone is greedy and blinded by greed, buying highs without fear. Buying highs without fear.
Buying highs without fear!
"We are fearful when others are greedy, and greedy only when others are fearful" is something Warren Buffett is notable for stating.
And although Buffett doesn't qualify as any kind of a good man, the Truth is the Truth, even if a toad states it.
Be careful. Things are about to change extremely quickly. Can you keep up? Can you enlighten to it?
Missing the chance, there may be no further opportunities.