I shorted the Silver price a short time ago at 34.44
This trade is doing well, volatile until sellers properly formed, but I won't be shorting it for long as this is only a small correction I feel.
Gold and Silver have been delivering Long trades so well lately, that their price has to adjust a bit downwards before the next session. IE. New York. You would've maybe noticed Gold and Silver sold off at the end of New York yesterday, but smart money moved in with buy orders with a fair 'hunch' that the precious metals prices would continue their ascent in the Asia Tuesday session.
Conviction
Palantir ($PLTR) | The AI Revolution's PowerhouseNYSE:PLTR
Palantir is no longer just a secretive "voodoo blackbox" company; its inclusion in the S&P 500 and its critical role in AI and data-driven government and commercial solutions have solidified its place as a dominant player in the AI software space. Known for its massive government contracts and deeply integrated AI systems like Gotham, Foundry, and Ontology, Palantir is a key asset in the ongoing AI revolution.
The AI Narrative: With AI continuing to reshape industries, Palantir sits at the intersection of AI and data integration, holding massive potential for the future. The company’s success will ride on government and commercial AI adoption, as well as the expansion of its key platforms.
The Setup: While we have scooped up initial entries between $7.50-$10 with multiple secondary entries on the way up, there will be more. This is a high conviction long-term play for the next decade. This is a top buy the dip stock.
Key Buy Zones: Any pullbacks to $30, $28, or $21.79 are optimal entry zones for long-term investors. If a government shutdown occurs, it could provide a rare buying opportunity as it would freeze spending temporarily, a catalyst that could help us get in lower before the inevitable resumption of contracts.
Long-Term Conviction: Palantir has proved that it's more than capable of scaling in the public sector and AI enterprise. This is a top-tier DCA (Dollar Cost Averaging) candidate, especially for those wanting exposure to the AI sector. We are confident that PLTR will never return to the teens again. Look to build positions on pullbacks for long-term holds.
The Targets:
$37 : Needs to break over this level to confirm continuation of strength, after which we would be looking for a retest of trend support from November 2022 ($28-$30).
$45+ : Long-term target by next year. With sustained strength in AI, the stock could exceed this.
$70 : Major long-term target.
Palantir is in a prime position to capitalize on AI’s growth trajectory. With strong AI software, deep government contracts, and powerful platforms in the commercial sector, PLTR is a multi-year hold with high upside. Investors should focus on accumulating during pullbacks, as this stock is one of the rare opportunities to ride the AI wave long-term.
Guru Drona (Market) Vs Smartest Disciple Arjun (Investors)The Market has the habit of Shrugging-off Weak Hands every once in a while by creating a "Panic Sell-Off" Scenario. The most popular arguments that we get to see are
1) Long Term Investors - Be Patient - ignore noise - avoid looking at markets daily
2) Traders - Every stock has to have a SL. Else short Term bets will turn long investments unnecessarily
While both statements have their credibility - only experienced people can understand the nuances between them - the Unspoken truth. Many Retail traders are very new and very naive - very much afraid and have very less capital to play around. Their main priority is to Save Principal - Decent Returns, but most of them end up in Loss.
Look at the 4 Indices shown - Nifty 50, Small Cap, Mid Cap, Nifty Energy - there are other indices as well - which CRASHED together on same day - Dec 20, Jan 23.
Should we Book Profits ? Exit in minimal Loss ? Hold indefinitely ? - These are the most debated topics and many "Smart" Investors think they are trying to Outsmart the Market, but Maha Guru Drona (Market) Teaches them a Very Serious Lesson
On Dec 20 - My Portfolio Crashed to -1.35 Lakhs by 10:00 am and within 2 Hours it recovered to -25000 by 12:00 pm. If we sold-off in Panic on the sudden fall - we would have become Crazy to see the recovery in 2 hours
On Jan 23 - My Portfolio Crashed to -1.51 Lakhs by Day Close. Jan 24 - It recovered +1.24 Lakhs and Jan 25 (Today) it gave me an additional +1.40 Lakhs. I recovered in just 2 days + I received 60% Additional Profit without doing anything
Really ??? Without doing anything ??? - Well the Answer is NO. I did NOT try to Outsmart by Guru because I realized the fact that even the Mighty - All Powerful - Smartest - Favourite Disciple Arjuna did NOT try to Outsmart / Kill his Guru. He used his skills to Defend himself and his Troops from the attack of Drona (Market).
You need the Support & Blessing of Krishna (God) + support of the Chosen one (Drishtadyumna) to Kill the Guru. Please realize we are neither God - nor the Chosen one. So Don't Try to Outsmart...But be a Loyal Disciple to the Market and Try to understand its Flow and Play alongside
So - What do we need to do ?
The Answer lies in the Charts - as you can see - Despite the Massive Crash each day (Dec 20, Jan 23) - the Market rested just above their Support line.
Why Fear When Krishna's Support is Here - So we need to Check the Support and Resistances of Indices and also each of our Stocks in the Portfolio if any major supports are Broken and if the Next support is Near / Far. Exit your Stocks ONLY if the next Support is Far Away. Else, the Market would Rebound in no time - making you Crazy and pushing you to death
So the answer is to do Proper Homework - Not Blind Patience / Neither Panic Selling. Learn Technicals, Earn Good Wealth
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
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-Team Stocks-n-Trends
Gold price posts modest gains, lacks bullish conviction as trade
Gold price posts modest gains, lacks bullish conviction as traders keenly await US NFP
5 January 2024
•Gold price attracts some haven flows on Friday amid geopolitical risks and China’s economic woes.
•Reduced bets for more aggressive policy easing by the Fed cap any further gains for the XAU/USD.
•Traders also seem reluctant to place aggressive bets ahead of the key US monthly jobs report (NFP).
Gold price (XAU/USD) ticks higher during the Asian session on Friday, albeit lacks follow-through as traders keenly await the release of the crucial monthly employment details from the United States (US). The popularly known Nonfarm Payrolls (NFP) report will influence the Federal Reserve's (Fed) future policy decisions amid the uncertainty about the timing of when the rate-cutting cycle might begin and provide a fresh impetus to the precious metal.
Heading into the key data risk, investors continue to pare their bets for more aggressive policy easing by the Fed in the wake of Thursday's upbeat US macro data. This remains supportive of elevated US Treasury bond yields, which assists the US Dollar (USD) to hold steady just below a near three-week low touched on Wednesday and caps gains for the non-yielding Gold price. That said, a softer risk tone is seen acting as a tailwind for the safe-haven XAU/USD.
Daily Digest Market Movers: Gold price remains supported by the prevalent risk-off mood
•Geopolitical risks, along with China's economic woes, continue to weigh on investors' sentiment and offer some support to the safe-haven Gold price on Friday.
•The benchmark 10-year US Treasury yield holds steady near 4.0% amid reduced bets for multiple rate cuts by the Federal Reserve and caps the XAU/USD.
•Traders trimmed expectations on the number of rate cuts by the Fed in 2024 to four from six on Wednesday following the release of the upbeat US macro data.
•The Automatic Data Processing (ADP) reported on Thursday that US private-sector employers added 164K jobs in December as against 115K expected.
•Adding to this, a report published by the US Department of Labor (DOL) showed that Weekly Jobless Claims fell more than expected, to 202K last week.
•The US Dollar bulls, meanwhile, seem reluctant to place aggressive bets and prefer to wait for the release of the closely-watched official US monthly jobs data.
•The popularly known Nonfarm Payrolls (NFP) report is expected to show that the economy added 170K new jobs in December vs 199K in the previous month.
•The unemployment rate is anticipated to edge higher to 3.8% from 3.7%, while Average Hourly Earnings growth is seen easing to 3.9% YoY rate from 4.0% in November.
•The crucial employment figures could guide the Fed's near-term policy outlook, which will influence the USD and provide a fresh impetus to the non-yielding metal.
Technical Analysis: Gold price needs to move beyond $2,050 barrier for bulls to seize control
From a technical perspective, any subsequent move up might continue to confront stiff resistance near the $2,050-$2,048 region. The said area should now act as a key pivotal point for intraday traders, which if cleared should lift the Gold price to the next relevant hurdle near the $2,064-2,065 zone. Given that oscillators on the daily chart are still holding in the positive territory, the upward trajectory could get extended further towards the $2,077 region en route to the $2,100 round figure.
On the flip side, the weekly swing low, around the $2,030 zone, seems to protect the immediate downside. This is followed by the 50-day Simple Moving Average (SMA), currently around the $2,011-2,010 region, and the $2,000 psychological mark. A convincing break below the latter will be seen as a fresh trigger for bearish traders and set the stage for the resumption of the downtrend witnessed over the past week or so.
Recap: Since Sunday I gave 80+ pts. out of 110 pts total move.The tape was clear, the price wanted to go up. You can see al prediction tweeted in the charts. I was not ready to trade because I have some things to do out of home, I just gave my targets, but when I get back I saw the markets conditions and I just could not resist and I enter long at 4468 and close my last contract at 4500. As some point during the day I was red when it went down from 4487 to 65 or so, but I was convinced it was a pull back to get strength to continue to 4500 as it did.
BTC 13-11-2019 Zoom-in 4H Análisis del VolumenRevisamos el comportamiento del precio y el volumen a corto plazo en los últimos días.
Desde el ocho de noviembre estamos en la parte intermedia entre el último y el penúltimo rango de precios. Como si el BTC estuviese a punto de caer en alguno de los dos.
Han habido algunos intentos de empujar el precio hacia abajo en varias ocasiones, causando mínimos relativos cada vez más bajos pero con poca participación del público. El esfuerzo ha estado del lado de las compras, para evitar que la caída sea del tamaño esperado por los pesimistas, logrando detenerla.
El momentum bajista de corto plazo ha ido disminuyendo, en la medida en la que ha sido posible detener la bajada, aún incapaz de generar una vela relevante.
Estamos sobre la primera resistencia por pivotes (R1 en el gráfico de cuatro horas). Justo debajo podemos conseguir el nivel .5 Fibonacci del movimiento al alza que inició en abril. Todo esto nos dice que el precio sigue en un punto de equilibrio y que ha sido difícil sacarlo de ahí. No ha habido suficiente convicción en ninguna dirección.
Aunque no tenemos datos que corroboren cuál será la siguiente decisión definitiva, sí conseguimos evidencia con respecto a un posible movimiento alcista a corto plazo, de importancia relativa.
Como siempre no dejen de estar atentos a sus políticas de gestión de riesgo.
Una comunidad dedicada a la comunicación y el aprendizaje es el espacio ideal para compartir la experiencia y conocimientos con traders enfocados en el proceso de convertirse en profesionales. Contamos con la única comunidad que ofrece un espacio abierto especialmente para revisar los elementos psicológicos de la labor de trading:
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1. El mercado de criptoactivos es extremadamente volátil.
2. Los objetivos son el alcance potencial esperado, no garantizado.
3. Los niveles de resistencia y soporte son elásticos, no estáticos.
4. No podemos aconsejarte cuándo entrar o salir de un trade, solo proporcionamos la configuración tal como la interpretamos en el momento.
5. Los traders nunca deben operar con más de lo que pueden permitirse perder, ya que cada operación se basa en posibilidades, no en garantías.
Recuerda que siempre puedes hacer clic en el botón "compartir" en la esquina inferior derecha de la pantalla, debajo del cuadro, y luego hacer clic en "Hacerlo mío" en el menú emergente para obtener una versión de este gráfico que puedas explorar por tu cuenta.
$amt negative divergences and descending trianglehigher time frame is showing negative divergence in rsi
intermediate time frame is showing distribution and no conviction in buying pressure and forming a descending triangle further supporting higher time frame alignment
lower time frame is showing a downtrend breaking below support and retesting on pullback
will look to enter on 130.2x area for a move down to 129.3x area as first target and break lower to the 125.18 which coincides with the higher timeframe