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04/27/2024 - Watchlist, Stocks, Crypto - Video Idea - TA ChartsWatchlist, Stocks Indexes, Bitcoin, Crypto TA Charts by @NoFomoCharts 00:25 Watchlist and News 02:05 Stock Indexes 06:22 Crypto, Bitcoin, Altcoins Watchlist, SPY, QQQ, DIA, IWM. TOTAL, Bitcoin (BTC/USD), Halving History, ETH/usdt, BNB/usdt, SOL/usdt, ADA/usdt, XRP/usdt. 04/27/2024, 08:00PM EST Video Idea. Technical Analysis & Educational Chart Videos. Follow, Comment, Boost, or Cheer to support. Thank you! All content is Not financial advice.
by NoFomoCharts
$SPY Does it Need a Bigger Correction?I have zoomed out to larger timeframes on AMEX:SPY to come up with some larger / longer timeframes. Here is what I started with; the weekly chart (shown) then zoomed out to the Monthly Chart (not shown) to draw the February 2009 trendline. I came back to the weekly to find the March 2020 trend. I then looked that the latest run starting in October 2023. That trend line is almost parabolic and was unsustainable. I am not making any prediction here, but it would be prudent to have a plan for a larger correction. I have horizontal lines near the top of the chart that were drawn using the daily chart and it is possible that one of them (or none) could be support areas. It is all to be determined. Keep an open mind. Corrections can happen in price or time or a combination of both. I would like to point out that on any of the charts that I post I am only correct about 50% of the time. My posts are more about self-accountability than anything else. However, I do hope that you find some value in the technical aspect of the posts. Thanks for looking.
AMEX:SPY
by jaxdog
✏️ Weekly Report: Weak Bounce & Weak $META MARKET OVERVIEW A weak bounce in the market this week, which lifted stocks modestly off their lows though most stocks are struggling to recover a significant portion of their recent losses. Tonight, Meta Platforms ( NASDAQ:META ) is adding more downside pressure on growth stocks after it announced weak guidance numbers and the stock collapsed $75 lower in afterhours trading. Let’s start the charts with Nasdaq-100 above (QQQ) –––––––––––––––––––––––––––––––––––––––––––––––––––– NASDAQ:META NASDAQ:SMTC Constructive pattern. Closed just above the $33 buy point, however I would like to see more volume pick up from here. NASDAQ:MSFT The stock needs strong earnings today to get past $431 would be a place to open a position. However, slicing through the support level at $395 is a sell short point for aggressive traders GOOGL Massive weekly Cup with Handle base. Earnings are coming today. Technical buy place is $160.25 if earnings are good and we have good volume. NASDAQ:KLAC This company reports earnings tomorrow. A move above the $687 is a buy point. However, weak earnings below $680 is a logical short. NASDAQ:NVDA Bounced to the 50D SMA (red) and turned down. Aggressive play for the intraday traders is a move over the $880 on a strong volume. NYSE:GS GS is just a little bit extended over the proper buy point. If the market starts rallying this could be a good short trade. I would be extra tight with stops here (around $414 level) if I was to play this. BINANCE:BTCUSD Bitcoin is performing a tight pivot. Over the blue line is a technical buy point (if we have good volume too)
NASDAQ:QQQ
by SimplerSignals
Nasdaq 4h Daily Commentary "#Nasdaq : On the 4-hour chart, there's a clear indication that the price continues to move downwards. If we are bearish, I expect to see the price fill the liquidity gap and then break the previous low, directing the liquidity in Tue 16 Orderblock. However, if we break the last bearish defense in the chart, it will lead us to anticipate a rally upwards. I will provide daily updates on the 4-hour charts. If you have any questions or something you would like me to include in my analysis tomorrow, please leave it in the comment section below. Good luck to everyone in their trading endeavors!"
CME_MINI:NQ1!Short
by Deotrade1
4/22 Weekly Index Outlook - JournalTraders, Given: SPX (SPY) is used as overall market index. FED remains the primary determinant for overall market movement. All major indices pulled back last week. SPY failed to reach its 100DMA in the pull back. QQQ overshot its 100DMA in the pull back. GDP reports Thursday Pre Market. PCE, Personal Income & Spending reports Friday Pre Market. Iran / Israel situation has cooled US Govt approves add'l Iranian Oil sanctions. Noteworthy: QQQ down ~8% peak-to-trough (P2T) SPY down ~6% P2T Expectations: Earnings based movement for individual stocks. Indices range Up / Down towards respective 100DMA pending additional insights into potential fed behaviors in June. Instrument: NA
AMEX:SPY
by WillNixTrading
04/21/2024 - News, Stocks, Commodities, Crypto - Video IdeaNews, Stocks, Indexes, ETFs, Commodities, Bitcoin, Crypto TA Charts by @NoFomoCharts 00:22 Part 1 - News and Watchlist 03:32 Part 2 - Stock Indexes, Metals, Commodities 10:58 Part 3 - Crypto market, Bitcoin, Altcoins Watchlist, SPY, QQQ, DIA, IWM, GLD, SLV, USO. TOTAL, Bitcoin (BTC/USD), Halving History, ETH/usdt, BNB/usdt, SOL/usdt, ADA/usdt. 04/21/2024, 09:00PM EST Video Idea. Technical Analysis & Educational Chart Videos. Follow, Comment, Boost, or Cheer to support. Thank you! All content is Not financial advice.
by NoFomoCharts
Nasdaq-100 Index. Meet and Greet March Quarter Earnings Season.US stock indices, including the benchmark American economy S&P500 index (SPX) and US BigTech Nasdaq-100 index (NDX), are retreating from their yearly highs, moving to a more aggressive decline last Friday, April 12. Investors digest the first portion of earnings reports for March quarter 2024 - traditionally starting with financial sector Earnings reports. New Earnings season has begun! Perfect! Well... sounds good. Anyway... JPMorgan (JPM), Citigroup (C) and Wells Fargo (WFC) reported first-quarter earnings that beat forecasts, but a large number of persistent inflation pressures are still building and continuing. JPMorgan CEO James "Jamie" Dimon warned that while the stock market is healthy and most economic indicators look favorable, there are still significant risks that could arise at any time. "Looking ahead, we remain alert to a number of significant uncertain forces. First, the global landscape is troubled, horrific wars and violence continue to cause suffering, and geopolitical tensions are rising. Second, there appear to be a large number of persistent inflationary pressures. Pressure that is likely to continue," - Dimon said on the conference call. On the inflation front, US import prices rose for the third straight month in March, slightly above the consensus forecast of 0.4% month-on-month. Almost all of the rise in import prices was driven by the recent rise in oil prices. The fight against inflation - which has transformed into a classic chronic illness from a relatively minor cyclical problem driven by a low Covid-19 base - appears to have reached a stalemate, and the first rate cut will not occur until December, Bank of America (BAC) now says. Despite the fact that at the beginning of 2024, the market was almost 100% confident that at least one rate cut would take place by the June FOMC meeting, and by the December meeting, the number of rate cuts could reach three. Monetary easing by June is looking more and more like an unattainable dream, tempered by the latest data. Recent inflation data, while in line with expectations, doesn't give the Federal Reserve much reason to rush. But if the central bank doesn't cut rates by June, it will likely delay any cuts until March 2025, Bank of America strategists said. In reality, long-term forecasting of the US Federal Reserve's monetary policy curve is not an easy task, given that only forecasts for the next FOMC meeting, which is scheduled for May 1, and for which the market does not factor in a change in interest rates, can be relatively reliable. Of much greater significance is that the same arguments and theses that are presented in the reports of the largest American banks - the locomotive of the American economy - may find their repetition or imitation in Earnings reports for Q1'2024 of dozens and hundreds of other companies over the next two-three months. Technically, the main chart of the Nasdaq-100 Index (NDX) featured in the idea is in a long-term positive trend of a weakly rising channel, above its 5-year SMA. At the same time, taking into account the possibility of escalation of macroeconomic and political risks, one cannot exclude the prospect of its decline to the lower border of the channel - down to the levels of 12,500 - 13,000 points. Also lets take into account the fact that the entire 10-12 percent Nasdaq-100 increase from Q4'21 highs to nowadays can be easily represented as the transposition of a 200% increase in the shares of only one company - Nvidia (with its near 6% allocation in the index), - which increased in price from $320 to over $960 per share over the same period of time - from Q4'21 by Q1'24.
FOREXCOM:NAS100
by Pandorra
NVDA | SHORT NASDAQ:NVDA Possible Scenario: SHORT Evidence: The asset has moved outside of the Keltner channel on a monthly timeframe and is overbought across all timeframes. We are currently in the AI Bubble Era, with the economy facing potential challenges such as the possibility of a debt crash, a commercial real estate crash, or a regional banks crash, among others. Target Prices: TP1: $600 TP2: $400 TP3: $270 A 70 to 90 percent retracement is not an unusual scenario when a bubble bursts, similar to what occurred with many companies during the dot-com bubble. Conclusion: The stock market is at risk of collapsing due to the AI bubble.
NASDAQ:NVDAShort
by shkspr
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