Daily Pre-Market Analysis: GOLD & SILVER BUY Watch!Tuesday Oct 29th
I have a bullish bias on the day for both Gold and Silver.
A pullback on the 1H TF to a +FVG, and we may get the buy entry I am looking for.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Premarket
#NIFTY Intraday Support and Resistance Levels - 20/08/2024Today will be slightly gap up opening in nifty. If nifty starts trading above 24650 level then possible upside rally upto 24850+ in today's session. Similarly if it's starts trading below 24500 then downside fall expected. 24500-24650 will act as a consolidation zone in today's session. Any strong movement only expected breakout of this zone.
$GEO Border Detention Facilities - Profiting off of incompetenceGood morning everyone, Today I am evaluating a stock I have legitimately found valuable for a few months. With the escalation at our border (Record numbers of crossings in October) It is time to consider how we can profit from such a tragic situation. I've been invested in stocks like NYSE:GEO and NYSE:CXW for the past year or so, however, I think right now might be the most bullish I've been on them in a while. In this video, I lay out potential price targets for NYSE:GEO and show some of the methodology behind my trading strategy.
Here are my outlined Targets / Resistances and supports
Strong Support Level: $8.30
Strong Resistance Level: $9.95
Resistance 2: $12.35
Target 1: $14.31
Target 2 / Resistance 3: $17.58
Target 3: $19.82
Remember, both targets and resistances represent solid points to take profit.
Don't get greedy
The GEO Group (GEO) operates special-purpose, state-of-the-art residential centers on behalf of U.S. Immigration and Customs Enforcement (ICE).
All ICE Processing Centers operated by GEO have a long-standing record of providing high-quality, culturally responsive services in safe, secure, and humane environments that meet the needs of the individuals in the care and custody of federal immigration authorities.
BTCUSDT increased sharply, promising a buffalo partyDear valued readers, Escaping the seasoning that has caused the price of the product to increase significantly. At the time of writing, the cryptocurrency market is still trading at $33,956, nearing its 18-month high on Tuesday. The upward trend is strong as it remains at a high level with stable trading activity over a one-week timeframe.
Therefore, there are increasing speculations that a bitcoin exchange-traded fund (ETF) will soon be launched. The ETF launch, supported by physical backing, could lead to another major price increase across the entire cryptocurrency ecosystem. This word helps the cryptocurrency market become hotter than ever before. It is expected that this price increase will reach $68,939, close to the psychological level of $70,000. What are your thoughts on this matter? Do you agree with me?
Gap Inc's Meteoric Rise: Unpacking the 44% Surge in Just 3 MonthGap Inc (NYSE:GPS), a prominent player in the Retail - Cyclical industry, has seen a significant surge in its stock price over the past three months. The company's market cap currently stands at $4.87 billion, with a stock price of $13.17. Over the past week, the stock has gained 7.61%, and over the past three months, it has seen a remarkable 44.08% gain. According to the GF Value, the stock is currently fairly valued at $13.83, a significant increase from its undervalued status three months ago when the GF Value was $15.25.
Company Overview
Gap Inc is a renowned retailer of apparel, accessories, and personal-care products under various brands including Gap, Old Navy, Banana Republic, and Athleta. Old Navy is the company's most profitable brand, generating more than half of Gap's sales. The company operates approximately 2,600 stores in North America, Europe, and Asia, and franchises about 850 more in various regions. Gap also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Founded in 1969, Gap is based in San Francisco.
Profitability Analysis
Gap Inc's Profitability Rank stands at 7/10, indicating a relatively high level of profitability. The company's Operating Margin is 1.67%, better than 38.33% of companies in the industry. Its ROE is 4.67%, better than 46.24% of companies, and its ROA is 0.94%, better than 41.32% of companies. The company's ROIC is 1.57%, better than 38.29% of companies. Over the past 10 years, Gap has been profitable for 8 years, which is better than 58.86% of companies.
Growth Prospects
Despite its profitability, Gap's Growth Rank is relatively low at 2/10. The company's 3-year revenue growth rate per share is -0.60%, better than 37.31% of companies. Its 5-year revenue growth rate per share is 0.60%, better than 44.25% of companies. However, the company's total revenue growth rate for the next 3 to 5 years is estimated to be -1.76%, which is better than only 9.62% of companies.
Competitive Landscape
Gap Inc faces stiff competition from other companies in the Retail - Cyclical industry. Its main competitors are Urban Outfitters Inc (NASDAQ:URBN) with a market cap of $3.17 billion, American Eagle Outfitters Inc (NYSE:AEO) with a market cap of $3.57 billion, and Abercrombie & Fitch Co (NYSE:ANF) with a market cap of $3.17 billion.
In conclusion, Gap Inc's stock has seen a significant surge over the past three months, with a 44.08% gain. The company's profitability is relatively high, with a Profitability Rank of 7/10. However, its growth prospects are relatively low, with a Growth Rank of 2/10. The company faces stiff competition from other companies in the Retail - Cyclical industry. Despite these challenges, the company's stock is currently fairly valued according to the GF Value, indicating potential for future growth and profitability.
NQ Intraday Analysis 04/19/23Hi all, welcome back to a new morning :) Without going into the nitty-gritty, NQ is holding a major zone right now (simplified to the most recent area) and the market has extended almost 300 points within a day. I am expecting two scenarios at the opening area which will define how I act for the remainder of the day:
Scenario 1: Mean reversion long - Bulls are able to hold the major zone and end with a maximum target around 13300. Expect possible shorts around 13300 if shorts begin to hold major zones.
Scenario 2: Breakout short - Bulls cannot hold the major zone and the market breaks the low of the zone with a close. If bears can hold this zone on a retest, expect short scalps with the first minimum target around 13025. Risk of reversal long back above the major zone should be taken into account.
Of course, this is not financial advice and I have my own data used to validate this opening plan; please always perform your own research and judgement! Good luck and I hope all of you have a great day!
SPY/QQQ Market Bias & Top Stock Watches - 4/17/23 - Neutral ChopBias: Flat open on both indices, support below and above so going in with a pretty neutral bias. leaning towards the bullish side.
Top Watches: Long - TECK, BAC, BTU. Short - RBLX, GOOGL, STT.
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
SPY/QQQ Market Bias & Top Stock Watches - 4/14/23 - Inside(bull)Bias: SPY looks good to go higher if it holds the 412 area. QQQ looking more like an inside day with room to move in either direction
Top Watches: Long - TECK, WFC, BAC, JPM. Short - BA, CTLT.
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
SPY/QQQ Market Bias & Top Stock Watches - 4/13/2023 - Inside dayBias: SPY and QQQ gapping into yesterday’s red bar, could be an inside day. Leaning bearish, room to drop under LoD on both indices.
Top Watches: Long - MRK, DAL, NEM. Short - CTLT, SRPT, FAST.
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
SPY/QQQ Market Bias & Top Stock Watches - 4/11/2023 - BullishBias: SPY slightly gapping into a void up to 412, should be bullish up to that point. QQQ not as bullish at the moment but a much better void over resistance at 321
Top Watches: Long - MARA, AMC, RIOT. Short - FRO, ADTN, SNOW.
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
SPY/QQQ Market Bias & Top Stock Watches - 4/10/2023 - Inside dayBias: SPY & QQQ has support at low from previous day bar, under that has room to move lower but looks like an inside day at the moment.
Top Watches: Long - PXD, EBS, MU. Short - TSLA, GM, XOM.
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
SPY/QQQ Market Bias & Top Stock Watches - 4/6/2023 - Bear GrindBias: SPY under 406 has room to 404. QQQ more bearish, gapping under yesterdays bar with room to about 305
Top Watches: Long - LW, GILD, XOM. Short - TSLA, AMZN, COST.
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
SPY/QQQ Market Bias & Top Stock Watches - 4/5/2023 - Bear GrindBias: SPY has room to drop under 407 down to 402. QQQ are a bit less bearish with closer support near 315.
Top Watches: Long - PLTR, FDX, GOOGL. Short - SCHW, AMD, PTGX.
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
SPY/QQQ Market Bias & Top Stock Watches - 4/4/2023 - Choppy BullBias: Getting into some resistance near 415 but still have room to move higher. QQQ has a pretty clear void higher
Top Watches: Long - AMZN, ROKU, MRO. Short - AMC, ZIM, NAPA.
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
SPY/QQQ Market Bias & Top Stock Watches - 4/3/2023 - Choppy BullBias: A bit extended up, a pull back would not be a surprise but lots of buying pressure so could be a bit choppy.
Top Watches: Long - ISEE, APLS, MPC, EDR. Short - FRO, TRMD.
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
SPY/QQQ Market Bias & Top Stock Watches - 3/31/2023 - Bull GrindBias: Gap up over yesterday with room up to ~408. Support at 402.
Top Watches: Long - RUM, SJR, AI, CSCO, MSFT. Short - GNRC
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
SPY/QQQ Market Bias & Top Stock Watches - 3/30/2023 - BullishBias: Gap up over resistance, not super extended, lots of room to run higher
Top Watches: Long - MSFT, NFLX, RIOT, AMZN, ROKU. Short - TRMD
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
Market Bias & Top Stock Watches - 3/29/2023 - Bull GrinderBias: Big gap up into resistance so expect a pullback early on but ultimately expecting a bullish move higher
Top Watches: Long - CARR, C, ENVX, MU, INTC. Short - STEM
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
Market Bias & Top Stock Watches - 3/28/2023 - Bear ChopBias: Quite a bit of resistance above but not a clear void below, may just chop. QQQ has less support holding it up.
Top Watches: Long - BABA, PARA, MKC. Short - AAPL. COIN, HD.
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
Market Bias & Top Stock Watches - 3/27/2023 - BullishBias: Bullish, will be watching for a move up to 400 area. 402.5 could be tested and broke today as well.
Top Watches: Long - PINS, TSEM, KEY, MSFT, FB. Short - BLK.
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!