S&P 500 (SPX500)
SPY/QQQ Plan Your Trade For 12-12: Breakaway PatternToday's video goes into detail related to the general SPY/QQQ trending and the continued potential for a price Anomaly Event.
It is likely that the markets continue a Santa Rally phase - attempting to push higher throughout the end of 2024 and into 2025.
I want everyone to understand that the anomaly event I keep suggesting may happen is an outlier event. It would be driven by some news, political, financial or other type of market event.
If that event does not happen, then the markets will likely continue to push higher and higher.
So, remember, the markets want to push higher into the typical Santa Rally. My Anomaly event would be a potential outlier event - driving a moderate pullback in price.
Gold and Silver should move into a moderate topping pattern today - possibly pulling downward a big. This would be a goo setup for the next rally phase higher. That rally may come tomorrow or into early next week.
Bitcoin is trapped within a consolidation range. The rally yesterday was nice to see, but right now we are seeing Bitcoin struggle below resistance. So, we still need to be cautious about rolling downward. Yet, the general trend for Bitcoin right now is upward.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
FORECAST UPDATES: Post CPI Results. Did We Get The Bias Right?Wednesday Dec. 11, 2024.
This is the Mid-Week Progress Report. Checking the accuracy of the Weekly Forecast and the Updates video posted yesterday.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
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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.
$JOBY: Strategic Entry into the eVTOL MarketI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
Joby Aviation, Inc. ( NYSE:JOBY ): Strategic Entry into the eVTOL Market
Trade Setup:
- Entry Price: $6.91
- Stop-Loss: $3.61
- Take-Profit Targets:
- TP1: $12.76
- TP2: $21.08
Company Overview:
Joby Aviation, Inc. is a leading player in the emerging electric vertical takeoff and landing (eVTOL) aircraft industry. The company focuses on developing zero-emission aircraft to revolutionize urban air mobility. With substantial investments in technology and partnerships, Joby aims to launch commercial operations by 2025.
Earnings Reports:
- In Q3 2024, NYSE:JOBY reported a net loss of **$476.86 million**, as expected for a pre-revenue company heavily investing in research and development.
- Total cash reserves stand at **$1.1 billion**, ensuring sufficient runway for operational and developmental goals.
Valuation Metrics:
- Market Cap: **$6.54 billion**.
- Given its pre-revenue status, traditional valuation metrics like P/E or P/B are not applicable. Instead, the company is valued on its growth potential in the emerging eVTOL market.
Dividends:
- NYSE:JOBY does not pay dividends, prioritizing reinvestment into its development and expansion plans.
Market News:
- Recent announcements include plans to raise **$300 million** through equity sales, strengthening financial resources ahead of the anticipated commercial launch.
- Joby also received its first production airworthiness certificate, a critical milestone toward FAA certification.
Analyst Ratings:
- Analyst consensus: **Moderate Buy**.
- Average price target: **$8.35**, reflecting mixed sentiment due to the stock’s volatility and developmental stage.
Risk/Reward Analysis:
With a stop-loss at **$3.61**, the downside risk is approximately **47.75%**, while the upside potential to TP1 ($12.76) offers a reward of **84.66%**. TP2 at **$21.08** provides an extended reward potential of over **200%**. This setup appeals to long-term investors with high-risk tolerance.
Conclusion:
Joby Aviation represents a compelling opportunity for growth investors looking to capitalize on the eVTOL market's potential. While the stock's volatility and pre-revenue status introduce risk, its significant milestones and industry positioning make it a high-reward prospect.
When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.
($WW): Strategic Entry into Weight Management SectorI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
WW International, Inc. ( NASDAQ:WW ): Strategic Entry into Weight Management Sector
WW International, Inc. (WW) is a stock in the USA market. The price is 1.61 USD currently with a change of -0.04000 (-0.02424%) from the previous close. The intraday high is 1.69 USD and the intraday low is 1.555 USD.
Trade Setup:
- Entry Price: $1.29
- Stop-Loss: $0.6800
- Take-Profit Targets:
- TP1: $2.28
- TP2: $3.75
Earnings Reports:
In the second quarter of 2024, WW International reported disappointing results, leading to a 1.9% drop in stock price into record-low territory.
Valuation Metrics:
The company's market capitalization stands at approximately $109.41 million, with a Price-to-Sales Ratio of 0.14, reflecting the market's valuation of the company's sales.
Dividends:
WW International does not currently offer dividends, focusing instead on reinvestment into the company's growth and restructuring efforts.
Market News:
Recent executive changes include the appointment of Felicia DellaFortuna as the new Chief Financial Officer, effective January 1, 2025. Additionally, the company has introduced compounded GLP-1 obesity treatments to its services, aiming to provide accessible and affordable clinical weight management solutions.
Analyst Ratings:
WW International has received a consensus rating of 'Hold,' based on 3 buy ratings, 2 hold ratings, and 1 sell rating.
Risk Management:
Implementing a stop-loss at $0.6800 helps mitigate potential losses, while the take-profit targets at $2.28 and $3.75 offer favorable risk-reward ratios. Given the stock's volatility and recent market developments, strict adherence to these levels is crucial.
When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
SPY/QQQ Plan Your Trade for 12-11: Flat Down PatternToday's pattern suggests the markets will slide downward after the CPI data came in as expected.
I believe the markets are going to roll into an Excess Phase Peak pattern over the next 5+ days - setting up a big potential downward price swing (the Anomaly Event) before the end of 2024.
Gold is moving into a CRUSH pattern today. We may see a very big price move (I suspect higher) today as traders move to hedge weakness and market concerns globally.
Bitcoin recently set a new lower low, showing us that the dominant trend is Bearish.
Bitcoin set up another potential Excess Phase Peak pattern, totaling four current Excess Phase Peak patterns in this broad sideways consolidation range.
The breakout, either to the upside or downside, in Bitcoin could be very explosive.
Remember, we continue to trade into a low liquidity price trend throughout the end of 2024. So stay cautious and stay aware of the risks for the Anomaly Event.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Are we about to confirm a Super-Cycle event in the US Markets?In this week’s update, I’d like to delve into something that I consider probably one of the most important, but in the realm of my career, probably one of the last consequential decisions I will make in my time being affiliated with Markets.
The potential of a Super-cycle topping event.
This next week is my birthday. That got me thinking about my career.
I first became professionally involved in the markets in 1990. But in truth, that story started when I first watched the 1987 movie “Wall Street”, starring Michael Douglas and Charlie Sheen. I remember thinking to myself while watching this movie when it first aired …” that’s what I want to spend my life doing.” Probably not too far and away from many of you reading this, who caught the trading bug. Your origin story probably mimics mine to some extent.
But I hailed from proud Austrian/Spanish descendants who settled in NYC in the 1930’s, and didn’t have much, and at the time, my aspirations seemed like a stretch. I went to college and majored in accounting as originally, I thought I would be a CPA. However, an internship at a big 8 accounting firm in my junior year called that aspiration into question almost immediately. My supervisor at the time commented to me…” you interns should pay us rather than the other way around ”. I assumed he was referring to the aspect that interns only complicate things, make his job harder, and I distinctly remember what a jerk this guy was, and that if the industry is filled with guys like this, I had little desire to join that cast of characters. Did my future entail me becoming this guy? It’s funny how life introduces you to people to guide, or divert you, from your chosen path…but nonetheless, becoming a CPA was a dream that I now felt at odds with. That was devasting for me because I felt I was back to square one…until I caught that movie. Leaving the theater, I was captivated, and so clear-eyed as to what I would spend the rest of my life doing. I simply would not be deterred. I got started at an investment banking firm under the tutelage of a senior advisor in the private placement division. I was fascinated by this transaction because it was (for the most part) a zero-risk proposition. I would inform some of the high-net-worth clientele of the firm that by buying restricted 144-stock prior to the IPO at a massive discount to the pricing date of the IPO, their stock would immediately become eligible for sale on Day 1 and at the opening price. The returns were typically 100% or more, and in a 6–24-month period, depending upon how complex the business was and the interest from the selling syndicate. It got to the point after several years, if the private placement allotment was GETTEX:25M or $50M I could place that entire allotment in a 10-hour work day and with only a handful of phone calls. The largest amount of time that passed was between my initial phone call and finally getting the client on the phone. The previous history of being involved in these transactions was a "no salesmanship on my part" required. The calls went, “I have $5M for private placement how much do you want”? I never heard objections like the retail brokers heard… ”I need to discuss this with my wife. or I’m going through a rough patch and have no discretionary funds.” It was here is my wiring instructions, you hit the firm’s account by COB at 4pm EST and the shares are yours. Fail to follow through on the wire, no problem… but I’ll never call you again ”. It wasn’t long before I was informed that secretaries were instructed if I called…regardless of what my client was involved with, put the call through.
However, what I constantly thought about was how unfair the risk/reward was to all those who never had the chance to participate in these secretive transactions. The ups and downs of the markets had to make sense…and it wasn’t until 2012 that became affiliated with Elliott’s work. Previous to 2012, the technical analytical perspective was mocked as wishful thinking, or voodoo like. The prevailing thought process was the random walk theory, Dow theory, etc…I was a loyal follower of John Murphy (Founder of stockcharts.com) and in truth he turned me on to Elliott Wave Theory. The tenants of EWT made sense to me. They were routed in mathematics, and Fibonacci, and as a former accounting major, I felt were well within my scope of understanding. The by-product of that relationship was the absolute fascination with investor sentiment and the repeating patterns they tend to create, over and over again ("Self Similar" as Elliott put it in his original work). Fast forward 10 years and in 2022 after an exhaustive analytical look at the sum of the price action associated with the SPX500, I realized that the odds we were entering an area of a super-cycle wave (III) top was incredibly high. Now understand the magnitude of this observation of mine. If my analysis was correct, the last super-cycle wave (II) would have been experienced in the late summer of 1932. Even if we get alternation, this will be the trade of a lifetime. Not necessarily to be short the top, but to be amply prepared.
I have discussed this notion with my members for two years so far. Heck, it was the leading reason why I founded EWTDaily.com. If I am right, this will affect every aspect of your financial lives, and by extension, probably your life in general. This week’s update is not to speculate what the causes are, or will be, of such an event. None of us know, and the reasons one could speculatively insert as a cause are adding up each and every month. However, to claim that my members were prepared, is all that matters to me.
SPX500 H4 | Falling to pullback supportSPX500 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 6,020.01 which is a pullback support.
Stop loss is at 5,950.00 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at 6,102.21 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FORECAST UPDATES: How Are We Doing? Were We Accurate?Tuesday Dec. 10, 2024.
Here are the updates to the Weekly Forex Forecast posted Saturday. We'll see if the forecasts were right on point and working out... or if we were just plain wrong.
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.
EURUSD WEEKLYConsidering that the Eurozone is performing very poorly and is forced to reduce interest rates more than any other currency, I predict this scenario.
S&P500 - The Most Important Channel Breakout!S&P500 ( TVC:SPX ) is retesting a crucial breakout area:
Click chart above to see the detailed analysis👆🏻
During 2024, the S&P500 rallied more than 25% after we already saw a very bullish year of 2023. However, momentum is always more likely to continue and since the S&P500 is currently retesting a major breakout level, this bullish momentum could lead to a final breakout.
Levels to watch: $6.000
Keep your long term vision,
Philip (BasicTrading)
S&P Correction, More Downturns ExpectedEven though the price traded slightly higher than the closing price on Friday, we did not see it make another high. Instead, it has started its descent into forming what I expect will be a more moderate retracement before we continue the upward trajectory.
The first swing down, just on the look of it, seems to be at or close to completion. Assuming this is true, the best course of action is to wait for the upcoming intra-correction rally of the B wave. Subsequently, we can look to position an order to take advantage of the second swing down to complete a classical zigzag pattern.
The correction so far has reached the 23.6 level retracement of the previous third wave total advance. Still, we would ideally like to see it travel into at least the 38.2% retracement, which coincides somewhat closely with the ending area of the previous 4th wave of one lesser degree. This is one of the main target areas we look for on the travel of a 4th wave.
I will keep updating as the price and the pattern continue to develop.
Happy Trading :)
SPY/QQQ Plan Your Trade For 12-10: Bearish ExhaustionToday's pattern suggests the SPY & QQQ will attempt to trend downward in early trading (trying to find support), then roll into a congestion period finding a Bearish Exhaustion pattern.
As you will see in my charts, I expect the SPY/QQQ to stall over the next 3-5 trading days and then move into a correction period - trending downward before the end of 2024.
Gold and Silver are moving higher as economic data continues to suggest the strong US economy/inflation trends are putting pressure on global markets. This translates into FEAR.
The next big move in Gold/Silver may come before the end of 2024 as well - sending Gold above $2900 and sending Silver above $35.50.
Bitcoin is probably the most interesting chart - setting up a Triple Excess Phase Peak pattern in a broad consolidation range. Currently, the dominant pattern is suggesting a downward price move is very likely. Although, a break above 102k (resistance) could send Bitcoin rallying much higher.
Get ready for some big moves.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Es/SPX Morning Update Dec10thThis week will revolve around one key magnet: 6063 area (megaphone support), and ES has respected it so far. After selling there, bouncing, and now spending 20 hours consolidating, it’s backtesting the December 3rd breakout level.
As of now: 6063 remains support. Buyers holding above keeps 6079 and 6088-93 targets in play. If 6063 fails, expect a dip to 6050-6048.
TIP:
If you need to set up your charts exactly like mine, including all the levels and Fib Channels, here’s how starting from the home page:
**1. Go to TradingView and use the search bar.**
**2. Switch to the “People” tab and type in ESMORG.**
**3. Click on one of my updates.**
**4. Scroll to the bottom-right corner outside of the chart and look for three dots (…).**
**5. Click on those dots and select the option that says “Make it Mine” or “Grab this Chart”.**
This will instantly apply my chart setup to your own TradingView account so all your levels can be precise.
XAUUSD shortGold in the short term and on the 1-hour timeframe as a risky move (since it goes against the main trend).
SPX500 H4 I Bearish Momentum?Based on the H4 chart analysis, we will wait for price to pullback to our sell entry at 6,072.05, a pullback resistance.
Our take profit will be set at 6,031.03, a pullback support.
The stop loss will be placed at 6,110.58, above the 127.2% Fibo extension
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
