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$FIS Ready for Base Breakout?NYSE:FIS has been forming a base for about a year. I like how it is above the 50 DMA and all other shorter term Moving Averages. It is, however, still below an 18-month AVWAP (meaning that going back 18 months, stockholders by price and volume are slightly underwater). That may be an area of overhead resistance. It is under the 40 Week MA which can also be a source of overhead supply. I have an alert set on the horizontal area of resistance. Should that trigger, I will go to a lower timeframe to determine a good risk reward entry with a reasonably tight stop. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking. FIS is a leading provider of technology solutions for merchants, banks, and capital markets firms globally. Our employees are dedicated to advancing the way the world pays, banks, and invests by applying our scale, deep expertise, and data-driven insights.
NYSE:FISLong
by jaxdog
2
QQQ TRENDS AND PRICE TARGETS, HOW MANY Q's SHOULD ONE HAVE?Technicals RSI is overextending, however, a little cool down would reset the indicators and trigger buy signals across the board. Bears should be looking for an entry, but not entering yet. Plan out a trade. Bulls should be locking in profits and looking to buy the dip. There are two super short term trends that are taking the price up. They are both rejection trends, which are trending in the bullish direction, in other words, price is going up following those trends. There is a huge rejection trend labeled. There is a mega support trend labeled. There is a strong support trend labeled, which should likely trigger a buy signal should it fall to that support or possibly dip under for a brief period of time. Above 480 starts to increase risk. it can go higher to 500, and then possibly even to 600. 500 is way more likely than 600 on this run. short term, again, could use a cool down to like 393. I would suggest to wait for this cool down to enter expecting bullish movement. With price falling to multiple strong support lines, it is a favorable trade. Price can keep going up. Don't expect it to go down. But understand, if it does, you'll be prepared for that movement, and have a trade with a high potential of profit. If you miss out on a run because you were caution, simply wait for a rejection point and jump in short. Ride the wave down, then enter your long position. In other words, don't chase the movement, let the movement come to you, let it move past you, then ride the movement in your desired direction. Linking my other QQQ posts and SPY posts I usually don't TA these because I tend to trade the 3x leveraged (FNGU FNGD is one of my favorites), and I tend to get predictions wrong on these two. Will link some old ones talking about spy to 480 in the election year. MY MISTAKE was I thought the election year was 2023, so it was way off.
NASDAQ:QQQ
by nicktussing77
👋 Alphabet Inc (Google) — Bear Trap EscapeAmerican company Alphabet Inc. two days before has published a quartrely statement and announced an increase in net profit and revenue in the second quarter ended in June. In addition, the company said its chief financial officer, Ruth Porat, will take over as president and chief investment officer of Alphabet and Google from September 1, 2023. At the same time, Porat will temporarily remain as CFO of Alphabet and Google until her successor is found. The company reported net income of $18.4 billion, or $1.44 per share, compared to $16 billion, or $1.21 per share, a year earlier. Revenue, meanwhile, rose from $69.7 billion a year earlier to $74.6 billion, also above the market's forecast of $62.06 billion. Cloud revenue was up 28% year-over-year. Comments by Sundar Pichai, CEO of Alphabet and Google: “Our products and company performed well this quarter. Our continued leadership in artificial intelligence and our excellence in engineering and innovation are driving the next evolution of Search and improving all of our services. With 15 products serving half a billion people each, and 6 of them serving more than two billion people, we have a lot of opportunities.” Comments by Ruth Porat, Chief Financial Officer of Alphabet and Google: “Our financial results reflect continued resilience in search with accelerating revenue growth in both search and YouTube, as well as momentum in the cloud. We continue to invest for growth while prioritizing our efforts to long-term reorganize our company-wide cost base and build the capacity to deliver sustainable value over the long term.” As announced on April 20, 2023, the Company has merged part of Google Research (the Brain team) and DeepMind to significantly accelerate advances in artificial intelligence (AI). A group called Google DeepMind is reflected in Alphabet's unallocated corporate expenses starting in the second quarter of 2023. Shares of Google rose more than 6 percent in premarket trading on Wednesday, with a lot of room for further gains. Technical pictures indicates that major breakout of $125 resistance is happening right now, hitching the price above the neckline in reversed Head and Shoulders chart pattern structure.
NASDAQ:GOOG
by Pandorra
2
$WYNN Breaking Out?NASDAQ:WYNN Looks like it may be breaking out over the horizontal area of resistance. The 40 Week MA is just above and would be nice if it can break above that too. It is above all shorter term Moving Averages including the 50 Day MA in red. Wynn is rated as an outperform or buy by many brokerage houses with price target well over $100 per share. I have started a 1/3 size position today with a stop just under the day low. I will look to add once it gets over the 40 Week MA and consolidates. All TBD. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NASDAQ:WYNNLong
by jaxdog
The End of a Tesla Era! Tesla missed on earnings. Huge decline for this leading EV stock. Tesla was already getting oversold on the daily chart, & now with this decline its a salavating opportunity for day traders. I still think the true swing trade level is a bit lower from here. This weekly close will tell us more. We have included an analysis of the XLY sector (Consumer Discretionary). We discuss 3 signals that have only ever happened over a 25 year period. The weekly Golden Cross. Often this Weekly Golden cross is bullish long term but historically weak price follows in the short term.
AMEX:XLY
by Trading-Capital
$QQQ 2024 downside price targets + timingIt's very tough to forecast price + time and get the exact timing and price targets correct. However, I'm going to attempt to do so. Over the next year, I expect NASDAQ:QQQ to fall somewhere between 35-50%. If the move that I'm expecting plays out, we'll be right around a 50% drawdown from the current levels. The chart attempts to forecast time and price levels that are important over the coming year (2024). Each grey box represents a price level that should get hit within that timeframe. Again, this is extremely hard to do accurately. Often I do these for myself just to try to anticipate large changes in trends, but I thought I'd share this publicly as it would be fun to follow along over the next year. Essentially what I'm forecasting is one more move up before the end of the year. It should happen before Christmas, but I'm allowing myself some extra time. Then Q1 should be extremely bearish for the markets with the largest leg down during that time. There are two scenarios that I'm looking at. Either we hit the lower targets all in one move $205-218, then bounce afterwards (this scenario would be the bottom), and we'd retest that lower range in Q4. Or, we hit $246-255 and then bounce into Q2 and fall further in Q4 marking the final bottom. Regardless of which one plays out, you'll want to buy equities in March/April and then again in October/November. Q2 and Q3 we should see a bounce where you'll likely want to take profits on the way up. Let's see if it plays out as anticipated.
NASDAQ:QQQShort
by benjihyam
7
$FFTY Forming a VCP (Volatility Contraction Pattern)?AMEX:FFTY looks to me like it is working on a VCP with volatility shrinking and forming a nice wedging pattern. I like this pattern “IF” or when the market turns positive. Here are the negative things I see, as of now it is trading below or right at the 18-month AVWAP. It is right at shorter term resistance. It is below the downward sloping wedge trendline. And the RS is still declining. On the Positive side I see current price is about 11% below the 52-week high. Price is above all the moving averages including the 50 DMA and the 40 Week MA. Price is above the upward sloping wedge trendline. Here is my trading plan, if the overall market looks good, RS breaks above the trendline and price moves above the 18-month AVWAP I will start with a one-third size position. My stop will be price closing below the 50 DMA. If it breaks out over the wedge downtrend line, I will make it a two-thirds sized position. If it can consolidate without stopping me out, I will build to a full position on any resumption of the uptrend. All TBD. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking. AMEX:FFTY The IBD 50 Innovator Fund is comprised of IBD’s picks for high growth stocks. The stocks represented turnover more often than most ETF’s.
AMEX:FFTYLong
by jaxdog
$LOW Consolidation PennantNYSE:LOW has been on a tear since its Oct 27 low. The volume of buying during December 13, 14 and 15th is amazing. We now have a nice 8-day consolidation going that has formed a bullish pennant. In addition, today is shaping up to be an inside day. I do not know which way this will break but I did put on a one-third size position today with a stop just below the Dec 20th low. I will look to add to my position should it break to the upside. All TBD. See the chart for other essential information. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NYSE:LOWLong
by jaxdog
Opening (IRA): QQQ March 15th 380 Monied Covered Call... for a 371.81 debit. Comments: Buying stock and selling the -75 call against to emulate a 25 delta put that is defense-ready via roll of the short call. This is temporarily in lieu of what I ordinarily do in broad market, which is to target the <16 delta strike paying around 1% of the strike in credit and slightly more aggressive delta-wise. This only makes sense in a cash secured environment; on margin, you should probably do something else that is more buying power efficient (e.g., short put/take assignment/cover, Jade Lizard, short strangle, yada yada). 8.19 max profit on BPE of 371.81; 2.20% ROC at max; 1.10% at 50% max. Generally, I'll take profit at 50% max and/or roll out the short call on test to reduce cost basis further and improve my downside break even.
NASDAQ:QQQLong
by NaughtyPines
5
1/22 Weekly Plan. ES Futures March NQH24 Weekly Pivot is 17,3901/22 Weekly Plan. NQ Futures March ESH24 Weekly Pivot is 17,390 Targets 17,480 17,625 17,770 Targets 17,270 17,158 17,022 Now trading at 17,563 (between uT1-2) Alerts You will receive alerts in this channel every time NQ hits (2M candle close): Weekly opening 17,466 Weekly pivot at 17,390 Each weekly target. Side notes NQ is currently OTFU in all timeframes (D-W-M), daily which would come to an end if 17,166 is breached during RTH session.
CME_MINI:NQ1!
by dhjesus
QQQ Under Pressure! SELL! My dear friends, QQQ looks like it will make a good move, and here are the details: The market is trading on 421.23 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 403.51 Recommended Stop Loss - 430.34 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
NASDAQ:QQQShort
by AnabelSignals
2
2024-01-18 - a daily price action after hour update - nasdaq Good evening and i hope you had a good trading day. Bulls took over in the globex session and we never looked back. Yesterday i said in my short term outlook that we go up and we did. nasdaq e-mini futures Most bullish indix of em all. Many of the same as dax for today. Nq just reached higher prices. We are trading 38 points below the december high and i think we will get there. Can we touch the big upper wedge? Probably. Bull case is the 400 point rally from the weekly low yesterday which could easily go to the wedge line around 17250. Bulls even bought the 160 point dip midday to close at the highs. Bear case is that this is a trading range from 16950 to 17120. The selloff from bar 43 to 50 was deep enough to dampen the euphoric rally. We are also at the highs of the wedge on the daily tf. They also argue that this is a trading range inside a bigger one between 16450 to 17130. So the question is, how much more room is there for the bulls despite the selling pressure? I think the most reasonable case is, that above 17100 there were many trapped bulls from the december high who will gladly use this rally to exit out of their longs and that’s another reason why i think the upside is limited. But i also thought NVIDIA at 400$ was high enough, so bulls might just continue to dance until the music stops. short term: sideways to down (weakly held and i will long on big bull bars) medium-long term: big down New swing short position opened for nasdaq. I think shorting above 17000 on higher timeframes is a no brainer.
CME_MINI:MNQ1!
by priceactiontds
2024-01-17 - a daily price action after hour update - nasdaq Good evening and i hope you are well. We continue the big downs and big ups. Both sides can make money yet bears manage to make lower lows and lower highs. nasdaq e-mini futures Tricky. Bears making new lows but bulls buying it all and closing at the highs. Yet they did not manage to trade above yesterdays open and the globex high. I do think the move from 16689 up was strong enough to get a measured move to around 17000 but bulls first target tomorrow is 1h close above 16900. We clearly broke above of the triangle and the tight new bull channel could get us above 16900. Bears see it as a two legged move inside a broad bear channel. They will try to keep it under 16900 and close the week below 16700 or maybe even touch the lower bull wedge line from early december + early january at around 16600. That beeing said. Bears still can not close below the daily 20ema which is bullish. Bulls want a retest of the december high at 17165 and keep the big bull wedge alive. short term: sideways but can break out both ways again. we currently go up and down almost every day medium-long term: down
CME_MINI:MNQ1!
by priceactiontds