Cnbc
GOLD Daily TA Cautiously BearishGOLD Daily cautiously bearish. Recommended ratio: 30% GOLD, 70% Cash. *H&S Formation Watch. In anticipation of a critical FOMC statement to be released tomorrow at 2pm (deciding on whether or not to raise FFR by 75-100bp to more aggressively combat inflation), the US dollar and treasuries are once again stealing the bullish spotlight as cryptos and equities remain relatively flat and Gold is taking a tumble.* Price is currently retesting the lower trendline of the ascending channel from April 2020 at ~$1810 after testing it back on 05/13/22 and failing to climb even halfway back up the channel; this is bearish. Additionally, Price has completed a second shoulder formation in the H&S and could see a short term bounce here before completing a potential H&S sell off. Volume remains Moderate (high) and is currently on track to favor sellers in a second consecutive session if it can close today's session in the red. Parabolic SAR flips bullish at ~$1880 (which coincides with the 50 MA); this margin is neutral at the moment. RSI is beginning to form a trough at 38 as it fast approaches a test of the uptrend line from April 2013 at ~37; if it breaks below this level, the next support is at 27.07 which hints that Price will have a bit of room to fall in a short amount of time. Stochastic remains bearish and is currently trending down at 33 as it approaches a test of 25.40 support. MACD is currently crossing over bearish at -9.60 which is just above -10.84 resistance (though it crossed above this level it still has not confirmed it as support). ADX is currently trending down slightly at 13 as Price is beginning to develop downward momentum; if ADX can begin trough formation here as Price continues to fall, this would be bearish. If Price is able to defend support at the lower trendline of the ascending channel from April 2020 at ~$1810, it will likely aim to retest the 50 MA at ~$1840 before either a) potentially moving higher or b) completing a H&S formation bull trap before plummeting lower. However, if Price breaks down here then it will likely formally retest $1783 support for the first time since 01/28/22. Mental Stop Loss: (two consecutive closes above) $1840.
SPX Daily TA Cautiously BearishSPX Daily cautiously bearish. Recommended ratio: 5% SPX, 95% Cash. *European and Japanese central banks don't seem to be in a hurry to raise interest rates, Russia is even lowering them, while the US is on track to raise the FFR by at least 50bp (high likelihood of 75bp) this coming Wednesday. "Transitory inflation" (supported by hawkish Fed) became stagflation, which led to a more dovish Fed hoping for a late soft landing, which led to a stronger dollar/simultaneous bear market/and still growing inflation, which led to now needing to consider a hard landing by going "beyond neutral" with regards to FFR in order to ring in inflation. It's tough to say at the moment but it seems as if 50bp is now seen as too little by markets and that 75bp may actually be a bullish catalyst (markets want inflation to come down so that the Fed can ease up on monetary policy).* Price has broken down out of the descending channel from August 2021 and is currently trending down at $3750 as it fast approaches a test of $3706 minor support for the first time since January 2021. Volume remains Moderate (high) and has favored sellers for four consecutive sessions now. Parabolic SAR flips bullish at $4175 resistance, this margin is mildly bullish. RSI is currently retesting both the uptrend line from August 2015 and the uptrend line from 01/26/22 at ~31 as support. Stochastic remains bearish and is currently testing 18.32 support. MACD crossed over bearish in today's session and is currently trending down at -51 while still technically testing uptrend line from March 2020 at -43.84 as support. ADX is currently trending up at 21 as Price continues to fall, this is mildly bearish; if ADX can maintain this correlation with Price above 25 it would be very bearish. If Price is able to bounce here (or formally at $3706 minor support) then it will likely test the lower trendline of the descending channel from August 2021 at ~3900 as resistance. However, if Price continues down past $3706 minor support, it will likely test $3508 minor support for the first time since November 2020. Mental Stop Loss: (two consecutive closes above) $3938.
SPX Daily TA BearishSPX/USD Daily bearish. *Inflation produced a higher high (.60% increase in CPI growth from April-May compared to March-April) at .83% FFR which essentially means that the Fed will probably consider ramping up rate increases by more than 50bp (75bp likely) in their meeting next week (06/14-06/15) to stay true to their "do whatever it takes to ring in inflation" promise. This is bearish for equities and cryptos as we will likely start to see more significant layoffs in corporations and less liquidity in capital markets.* Recommended ratio: 5% SPX, 95% Cash. Price is currently forming a Bearish Engulfing pattern as it trends down at 3900; it is still technically retesting $3938 minor support after breaking down below the lower trendline of the descending channel from August 2021 at $3981. Volume remains Moderate (high) and has favored sellers for three consecutive sessions (and seven of the last ten sessions). Parabolic SAR flips bullish at $4175 resistance, this margin is neutral at the moment. RSI is currently trending down and retesting 38.06 support; if it breaks below this level then it will likely retest both the uptrend line from August 2015 and the uptrend line from 01/26/22 at ~31. Stochastic remains bearish and is currently trending down at 40, the next support is at 18.32. MACD remains bullish and is currently on the verge of a bearish crossover as it trends down at -32; it would complete the crossover if it falls below -34. ADX formed a trough at 17 and is currently trending up at 19 as Price breaks down, this is mildly bearish. If Price is able to defend $3938 minor support then it will have to recapture the lower trendline of the descending channel from August 2020 at $3981 if it is to resist a steeper downfall. However, if Price continues to break down here, it will likely retest $3706.52 minor support for the first time since January 2021. Mental Stop Loss: (two consecutive closes above) $3981.
US30 ON A CORRECTIONUS30 Stock looks like this. first we looking at broken inner falling channel, whereas price shows the no return, after a strong impulsive move price is now consolidating, clearly signing a breakout/continuation, If you look closely you are looking at Bullish rectangle, and our Doji candlestick on daily Timeframe. My technical move is to the upside, wait for proper price confirmation, and apply a proper RR. PLEASE COMMENT BELOW YOUR VIEWS....
Twitter Reject Elon Musk’s $48BTwitter has chosen to embrace a "Death wish" way to deal with Elon Musk's $48 billion proposals to purchase the organization, CNBC wrote on 16 April 2022. The restricted span investor freedoms plan gives that "assuming any individual or gathering procures advantageous responsibility for least 15% of Twitter's remarkable normal stock without the board's endorsement, different investors will be permitted to buy extra offers at a markdown.
Overview some vendors getting historical priceI tried to connect some vendors: IEXCloud, TD Ameritrade, Yahoo Finance, Rapid API, Alpaca, CNBC, and Tiingo I have some notes:
IEXCloud has no historical prices on timeframes: 5m, 15m, 1h, 2h, 4h but realtime this one is a good performance
TD Ameritrade limit connection by minutes and no timeframes: 1h, 2h, 4h
Yahoo Finance has timeframes but it returns fake data when there are many connections
Rapid API is very slow maybe it coved many many third-party
Cnbc delayed 2 minutes
Alpaca limit connection
Tiingo maybe is good, it has timeframes minute and hour, ex: 5m, 15m, 1h, 2h, 4h (excepting day and week)
So if you want to get price by timeframe for your application, you can choose Tiingo (paid monthly) or connected IEXCloud to get realtime
Oil is climbing the stairway to Heaven. We are in an interesting world where price signals are all over the place due to the manipulation of markets by governments. With inflation driving the market it would seem realistic for oil to break out into a new high. The question is, do we have a massive market sell-off that drives many asset prices down as the acts like the 12-year-old threatening to run away from home? Do they actually do it? Is it all talk? Only time will tell but be watching for a pivot back to QE or fewer rate hikes in the future. We all know that there are elections coming up the FED is likely to be put in place in order to make things go as smoothly as possible. The purple box is a nearby resistance zone and the red line is heavy top resistance. We have been playing XLE for quite some time with incredible returns and a good dividend.
Fed: " But MOM! You said we can play outside until the street lights come on!"
TOP ALERT. Russell 2000Yeah, bruh. That's a top without funny money to help the pump. Watch for a 30% fall from the highs into buy zone #1. This would officially make this a crash but there is nothing saying it will stop there. This is just a technical zone. Follow me on Twitter for more. Or don't. I don't care.
Easy to get data from cnbc.com, it is freeIt is a note for developer
Sometime, we need stock data to write strategy checking logic by python. Data from cnbc.com is good and it is free. How to get it?
There are 2 steps to do:
Step 1: install library python
pip install cnbcfinance
Step 2: Get history or get quote realtime
# Get history data
from cnbcfinance import get_history_df
data = get_history_df('AAPL', '30m')
# Get quote
from cnbcfinance import get_history_df
data = get_quota('AAPL')
#bitcoin versus my FAV #altcoinmy dominant holding.
I have earned over a million dollars in Interest alone.
BITCOIN: Momentum slide DOWN; 30%+BTCUSD
The LO pivot points this year have set up the potential for those stops (under these levels) to get triggered in succession beginning with the April 29th pivot last week.
Each RED level will provide either very short-term support or will exacerbate the selling momentum, triggering SELL stop orders for the break-out trader and clearing out the long's remaining SELL stop orders, increasing the selling volume down to final price support at the Jan/Feb LO's (YELLOW line).
I will be selling through these RED levels building a position as it capitulates.
As with any thesis and preparation, what if these levels prove as support? Then we have HI resistance above in the RED zone upwards towards 75k. I'll trade accordingly.
EURCAD -- WKLY HOLDING; 500+ PIPS!EURCAD:
May have missed this entry and if it comes back lower, will accumulate longs to target back into the VALUE AREA we left last month.
The idea here is we've exhausted any leftover longs from several months ago and brought in new players (stop orders), to the short side, that we'll need to flush out on the way back up, while using the buyers coming in on the re-test of these LO's from last year.
Bigger picture in play.
GAMESTOP -- Keep this simple. Late to the party on this one? No worries, it's still game-ON for profits.
Now that there are key ranges in play for ALL to see, this becomes easier to read. Do not complicate it any more than it needs to. Zero moving averages, zero indicators. Read the charts and follow the potential moves from these highlighted areas. Use your own methods for entry, but these are higher probable turning areas I expect to watch...double tops, double bottoms, false breaks, value reversion trading at its best.
Shorts are in the RED and longs are in the GREEN. The current value range WHITE has been created for us to use as targets.
Very similar to my BMBL IPO trade last month.
*Ideas are my own and not as recommendations
BUMBLE IPO -- $10 MOVE; CHEAP DATE!
Time to watch another IPO NASDAQ:BMBL
Usually the initial daily price range of anything that has zero history, will give strong support and resistance levels the 1st time they are met, with profits zones back to the opening daily range.
That said, as the chart suggests, I'm looking at $88 as a topping out point AND OR $61 as a bottoming point, both giving the potential for a $10 (10%+) play.
*There is a temporary price level that could be used for support and or resistance going either direction. Certainly a point to watch, if its needed.
*This is my trade idea and not considered as advice*
$NOK Price TargetNOK is following the steps of tesla and our long behold GME Gamestop as you can see the chart on gamestop it all time highs it never reached before because elon tweeted or said something about it with nokia being top leader in the 5g Market this stock is well prepared to get pumped up and noticed for what its actually worth this once again.