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Earnings

HERE´S HOW YOU OUTPERFORM THE S&P500S&P 500 Index 4Hour Timeframe RSI Moving Average Elliot Waves Overall Summary Hello and welcome back everybody! I hope you are doing good at today's monthly close! We are watching a 13$ S&P500 gain this month, which is absolutely crazy! Gains were possible, though the cliff to the downside looks scary as hell. Mixed feelings everywhere, uncertainty, fear but kind of hope- very ambivalent mental condition everywhere. Since 22% of the whole SP500 Index is divided into the six FAANG companies (Facebook, Amazon, Apple, Netflix, Google(Alphabet)) and Microsoft, these are the drivers of the US markets right now. Oil, as well as touristic, hotel, and accommodation markets took big hits, while a few made gains, which has led to the recent bull market/recovery from all-time high/coronadump. Well, today I´d like to show you something I just have read about recently, it is the Elliot Wave counting technique. As you guys know, I do not give too much about technical analysis systems and techniques, but it is worth trying out and see why they have become such popular. As you can see, in the ABC-Correction, which is part of the wave counting, the number A marks the all-time high, number B marks the bounce, and C marks the very last low the SPX at 2190. As you already noticed, the price is coming near the 200MA (Moving Average of the past 200 candles). Historically the top has been a little lower of it, but a few times it actually broke it for a short period of time, after which a massive decline/selloff followed. RSI looking good, not oversold, but testing the market strength of all-time high. So the market is strong basically, even though volume declines since the bull market started. Spikes here and there happen, but nothing which delivers serious information about it respectively to make predictions out of it. What does it mean for us? 1. The top might have been reached already, though tonight after market close Apple and Amazon gonna present their earnings, which possibly leads to a temporary boost of the market while looking at the monthly close and the end of the reporting season! :) At that point, when the bull market of the last month started, we set our first wave up to the number 1, which continues to 5. We do not know how high 5 will be nor if we already hit the "fifth Wave". Afterward, in most cases, people count ABC and call that an ABC-Correction - whatever it is. You know, in technical analysis, if you wanna fit something to a chart, you fit it. Since lines, shapes, and whatever seem to be fit perfectly, in most it is not. So look at them, but do not trust them too much. Furthermore, Elliot waves and other techniques are instruments, to describe what happened and make predictions out of it. Nobody can tell the future, nobody knows what is gonna happen in the coming days, weeks, and months. Personally I am bearish since Q1 might have been "still ok" when talking about earnings, even though many took big losses, but I think upcoming reporting seasons of Q2 and Q3 will be a devastating disaster. That is it already for today, hope it brightened up your view on the market :-) Keep you, safe guys, make sure to wash hands and whatever, you know what you gotta do! Be careful with your funds and I´d like to know what do you think? Will we see a bearish Q2 and Q3 or did the new bull market of the decade already kick in? Just tell me in the comment section!! If the content pleased you, make sure to hit the like button or leave a follow, would help a lot! Best, Roman
TVC:SPXShort
by GER-Quality-Trades
3
RIG - Good opportunity post-earnings drop with very tight stop We are seeing clear sell-side tapering with the orange algo and purple showing it's control. We are now retesting the breakout of strong selling magenta and coinciding with green buying continuation. This could be a very good opportunity knowing that if we don't hold green, we're out. However with a retest of magenta and a proven buying continuation lining up, I will definitely enter a position if the opportunity presents itself. Hope to be back more consistently in a week or two when I'm back in the states. Happy Trading :) - TraderDaddyOG
NYSE:RIGLong
by ReigningTrades
SPY correction continues & another earnings season begins SHORTSPY on a 120 minute chart uptrended from October into late March. A standard Fibonacci retracement for this trend down could take it down to the 475 range or about another 10%. Current price is under the daily SMA 50 ( blue line) at 495 and could continue to fall into the SMA 100 ( green line) which is confluent with the Fibonacci retracement level. Deep support of the daily SMA200 ( red line) representing more than a 50% retracement is at the 450 zone. Megacap technology earnings upcoming may lead the way down or cause a consolidation for a reversal. April will likely be a big red month. April showers bring May flowers?
AMEX:SPYShort
by AwesomeAvani
5
ELF Bearish possible movementAs previously mentioned, the overall market sentiment is currently bearish, indicating a higher likelihood of downward movement in stocks. Considering this backdrop, it's notable that this particular business has reported decreasing earnings in line with its recent quarterly reports. From a technical standpoint, the price has experienced a pullback following a bearish leg to the 25MA, reacting from it. However, it's crucial to note that the accompanying volume is diminishing. Unless there is a notable increase in downside volume, this pullback might be deceptive. Nevertheless, it's likely only a matter of time before volume picks up, potentially signaling an opportunity for a short sell.
NYSE:ELFShort
by GonzeeTrading
USD/JPYUSD/JPY is on track for its third bullish week, and it will most likely make it. It could also be the second weekly advance since USD/JPY cut through 152 resistance with practically no resistance, following the stronger-than-expected US CPI report Japan’s officials were curiously quiet following the break above 152, but they are making noises again as it approach 155 – which is the latest glass ceiling for markets, which was previously 152. Japan’s ex-FX diplomat warned that the BOJ could intervene if prices broke above 155, and on Thursday Korea and Japan vowed to work together on their currency depreciation, due to their “serious concern” of their rapid declines against other currencies.
Long
by AFFINITY_MARKETS
GE Aerospace Needs to CorrectAfter many years of struggle due to the Banking Debacle of 2008, this venerable old company is finally showing strength again. Spinning off divisions to focus on and drive growth in the key businesses was exactly what was needed. NYSE:GE Aerospace is over-speculated now. The run up from the heavy accumulation during the last half of 2023 is too steep to sustain. Smaller funds have been driving it upward since March, causing the more volatile action recently. It had a small gap up on earnings this week but it still needs to correct, either down or sideways . It has the look of a stock with short-term topping risk at the moment, but extended sideways action could adjust out the overextended uptrend instead.
NYSE:GE
by MarthaStokesCMT-TechniTrader
Long position NOWMy Buy In: 0.0000257 - 0.00002680 Target 1: 0.00002904 Target 2: 0.00003571 Investing in cryptocurrencies carries inherent risks and may result in financial loss. The volatile nature of the crypto market can lead to sudden price fluctuations and uncertainties. It is important to conduct thorough research, seek professional advice, and only invest funds that you can afford to lose. The information provided on this chart is for informational purposes only and should not be considered as financial advice. Crypto Trader do not guarantee any specific investment outcomes and recommend exercising caution and due diligence when making investment decisions in the crypto space.
Long
by CryptoTrader_CCT
3
Data Patterns (India) Limited: A Deep DiveIntroduction: Data Patterns (India) Limited is a prominent player in the Defence and Aerospace Electronics sector in India. With a focus on in-house development and manufacturing facilities, the company has been catering to the indigenously developed defence products industry for over 35 years. In this blog, we will delve into the key aspects of Data Patterns (India) Limited, including its product portfolio, manufacturing facilities, ongoing projects, key customers, and financial performance. Product Portfolio and Manufacturing Facilities: Data Patterns (India) Limited offers a diverse range of products, including radars, underwater electronics/communications/other systems, electronic warfare suite, BrahMos programme, avionics, small satellites, and ATE for defence and aerospace systems. The company's manufacturing facility spans across 200,000 sq. ft and is equipped with design, manufacturing, qualification, and life cycle support of electronic systems used in defence and aerospace applications. The facility has an EMS assembly capacity of 600 boards/day and employs 1,130 employees, with 700+ qualified engineers as of March 31, 2023. Ongoing Projects and Key Customers: The company is currently engaged in the supply of critical products to several prestigious defence projects in India, including the Light Combat Aircraft (LCA), the HAL Dhruv, Light Utility Helicopter (LUH), and the BrahMos missile programme. Key customers include Bharat Electronics Ltd (BEL), Hindustan Aeronautics Limited (HAL), the Indian Space Research Organization (ISRO), and Defense Research and Development Organization (DRDO). DRDO contributed 42% of the total turnover. Financial Performance: In FY22, the company raised 588 crores through an IPO, with 240 crores being a fresh issue and the remaining 348 crores being an offer for sale. The IPO proceeds were utilized for expanding manufacturing and testing facilities in Chennai and enhancing the system integration facility. In FY23, the company raised further funds of 500 crores through QIP for the development of satellite, radar, electronic warfare, and communications products. As of March 31, 2023, 51.21 crores was unutilized from the IPO proceeds, and 462.73 crores was unutilized from the QIP proceeds. Technical Analysis: From a technical perspective, the regression channel pattern applied on the weekly timeframe indicates a breakout failure in September 2023, followed by another potential breakout. This could be an opportunity for long-term trend trading on an undervalued stock. Conclusion: Data Patterns (India) Limited is a leading defence and aerospace electronics solutions provider with a strong product portfolio, manufacturing facilities, and a diverse customer base. With ongoing projects in the defence sector and a focus on product development, the company is well-positioned for growth. The technical analysis suggests a potential breakout, which could be an opportunity for long-term investors.
NSE:DATAPATTNSLong
by stocktechbot
TSLA rallies based on comments, it wont lastAfter an earnings call, TSLA rallied overnight by 10%. The financials show the company failed to beat reduced expectations from analysts, so what gives? Elon Musk has proven once again his skills at being a show man. Rallies based on comments and hype of whats to come dont last. AAPL recently went through a similar situation, stock rallied on news they finally would release AI products in the future, soon after it continued dumping. People are buying the
NASDAQ:TSLAShort
by ratchet-mint
GOOG “Google” signaling Bearish Divergence before earnings!!!!This is a crucial week for the tech industry with the Mag 7 approaching earnings, and GOOG “Google” particularly has earnings Thursday After-Hours. We’ve been displaying Bearish divergence since January, and currently forming a Head & Shoulders pattern……given the current market sentiment I believe we could see a nice pull back from Google before continuing to the upside. Long-term I’m definitely bullish on GOOG, however short term I believe we’re due for a pullback! -@Gutta_CEO_
NASDAQ:GOOGShort
by Gutta_CEO_
AMC to $2 by JuneIt doesn't look good for AMC or any stock that is showing negative revenue. Fed is keeping the growth stocks and high-value tech sectors up while other struggling companies are dying to inflation and high rates. I think AMC will get the short end of the stick and continue to go down like it always has been in the past 3 years. It will bleed down to $2 by June if this keeps up. Hopefully, that will be the new bottom and the company will stay afloat. They need new/better movies and need to find a way to attract consumers back to their doors. Until then I think AMC could be a dead stock and possibly look for a buyout to avoid bankruptcy as early as 2025.
NYSE:AMCShort
by RetiredNovice
24
NIO SHORT to $5.70, then $4.0 NIO - Chinese automaker Fundamental According to carnewschina.com in Q1 2023 year NIO sold 31,041 EVs - 2.46% only. "Nio is currently having difficult times in China. Because of the price war, its sales declined, resulting in a noticeable revenue decrease. So, Nio was forced to also join the price war by cutting the cost of every model by 30,000 yuan (4,200 USD). They are obviously in need of keeping the customers’ demand high. The newly launched ET5 Touring can help them for a short period. But station wagons don’t sell hot in China. So, Nio has to push its international deliveries to start as soon as possible." read NIO to hit the Europe soon. - I can't believe it. European market is not empty. Volkswagen, BMW, Tesla, Toyota, Honda, Hyundai and many others sell a lot right now. Top EU Electric Cars I watched a lot of presentations, reviews. Nio EV's are really good. But the prices.. Y/Y Gross Margin % 7.73 Operating Margin % -37.06 Net Margin % -35.01 Income -2463.40M Sales 7.03B Cash is melting, debt is growing. Technical NIO's chart goes down in the channel. Just now price is - near the top level of downtrend channel - Resistance $10.5 - RSI 23 is 63% (bounced from 70%). Always when RSI is on this level the price falls 30% min. - next strong support level is $5.70 Conclusion NIO chart is going down in the channel. Buy for $5.70, then $4.0 and keep for 2-3 years.
NYSE:NIOShort
by AndreyVasylyuk
7