Thank you everybody for dropping in on this trade idea setup in Netflix. Bullish descending triangle continuation pattern developing here looking like it's about to burst for next week or maybe this Friday as long as the market keeps going up. I want to make sure that I'm getting into these mega cap stocks because that seems to be the only thing that's really on...
Yesterday after gapping up, the market tested the Jan-17 High/Close. Then broke through 8EMA and closed strong. Now the nearest support level is the short-term moving average - 8EMA. The nearest resistance levels are now at 478.60, together with TRL. It's important to note that yesterday's move was driven by strength in the semiconductor sector as well as the...
Disclaimer: I have never worked in investment banking in any capacity, and the following ideas are merely my speculations Current Macroeconomic and Technical Context Inflation and interest rate hikes cooling down are common knowledge. As such, the market has become more bullish over the past weeks, creating rounded support and strong support on the NASDAQ...
200 DMA on 3D chart hasn't been breached going back to 2013...if it does, I'd say risk of recession is more real than previously anticipated. Be careful with your capital.
Looks like 150 resistance area has held so far, also median line of this pitchfork I found. Target still under 130 by June1 unless they can rally over 150 by end of week, then it's something else.
Short of a miracle, it sure looks to me as if the mega cap stocks that fueled this 2 year rally have lost their fuel and are head down, and possibly in a big way this year. The trading channels are very clear for this ETF. You can see where they lost the steeper bull channel, retested it, and now has lost it (likely for good). 1W 1D 4h
Three lower lows and lower highs --- below VWMA (early) - Decreasing volume -- Bearflag setup on daily --- Good volume in the demand zone ++ IF market shows strengths next week, possible that it tests 625 zone, where it runs into big supply. Breakdown there could slide this to recent low near 500.
The biggest firms in America are referred to MegaCap because they have mega capitalizations all hundreds of billions. These are often referred to as safe investments because their technologies and ecosystems are deeply embedded around the world. Interesting to see their returns over the past months. $SPY
Top 10 components are $FB $GOOGL $GOOG $T $VZ $CMCSA $CHTR $DIS $TMUS $NFLX
MSFT has tested and bounced of the 100sma 9 times, since September 2020. In all of the 9 tests, RSI was in the 30s, but not oversold. It is currently at the same level. Besides the multiple tests of the 100sma, we have three tests of the bottom of the horizontal range (drawn with purple horizontal lines). We could potentially see a fill the gap situation...
When we see a moving average with an upward trend with higher highs and higher lows, the bull trend is confirmed. Every test of the moving average should be seen as a potential buying opportunity, especially when adding from a long-term perspective. We also see a test of September highs as support at the same level. Risk-reward-ratio is over 3 when targeting...
In today’s post, I will be covering Amazon($AMZN). I am sure you all have heard of the company due to do its reign in e-commerce. However, that is just a drop in the bin. I believe that cloud computing, AWS, is the main driver of its net income. I will not get into specifics but they are powering big-name players like; Netflix, Twitch, Facebook, LinkedIn, Twitter,...
I am ultra bullish on Smart cities, AI, edge computing, 5G/6G telecommunications, cybersecurity and AR/VR. Lumen Technologies (CenturyLink) seems to be a sleeping giant that checks all those boxes. Lumen is facing a similar situation as Nokia and Blackberry as value company which is about to enter a second growth cycle, and like Palantir Technologies, it is...
HD was on a great run and looks to be building a base for the next leg up. Can play from 278.49 to the top of the box or at a break of 292.51. Short below a break of 261.13.
After the big drop Thursday, this is a quick 3-month performance review of some of the classic names that fit into each of these 3 groups We can see that COVID tech (Tesla, Zoom, Plug Power) sold off, reopening trades (cruise lines, banks) rebounded and in the middle were some tech favourites that fared a little better (Alphabet, Twitter etc)
MSFT tested current support 3 times, before breaking out of it today. Getting good risk-reward-ratio. QQQ is getting overextended, but the RSI(14)@65 on MSFT is not in overbought territory yet (which is not an indication of a sell, just something to watch).
The markets behavior has proven we love to test new highs, and record prices. Making a calculation, Apple's market cap will reach 2 Trillion dollars around $467. I expect we reach this level to later retreat. P.S: Back-data shows the stock-split momentum stocks are best traded from the announcement, up to the actual split.