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Tesla - Earnings in two days! What will happen with priceEvent: On Wednesday we have earnings report from TSLA. Since it's one of the biggest companies on the stock market and it's market cap is 1/3 of all cryptocurrency market, it will be interesting to see what news will bring us Technical analysis From technical Point of View we are trading in a range, shown on the chart with bold lines. On top we have local trendline that keeps the price bearish and will act as additional resistance. What are the expectations? As we seen global wellfare downturn and China's lockdown which made TSLA factories pause it's production, it's fair to say that expectations are quite low. If earnings will be good we will squeeze to the trendline and break throught it, likely with a follow up of breaking out of the range. What will happen? If earnings report will be worse than expected, price will plumet and either 1. We see trendline false breakout and then squeeze to the bottom of the range 2. We see squeeze to the bottom of the range straight away.
NASDAQ:TSLA
by Artem_Dishel
9
SPX Daily TA Neutral BearishSPX Daily neutral with a bearish bias. Recommended ratio: 45% SPX, 55% Cash. * US June Retail Sales was reported this morning and beat the consensus estimate (0.8%) by 0.2% coming in at 1%; compared to last month's retail sales number of -0.1%, it's reasonable to suggest that consumer demand is returning after six consecutive months of shrinkage (Jan 2.7%, Feb 1.7%, March 1.2%, April 0.7%, May -0.1%). One of the primary goals of the Fed raising FFR is to temper economic activity (lessen demand). The Fed announced QT and the possibility of rate hikes in December of 2021, what followed was six months of Retail Sales (consumer demand) shrinkage; the Fed didn't start raising FFR until March 2022 and QT began in June 2022, a testament to how powerful even just words from the Fed can be. This is relevant because these are things to consider when determining how far ahead or behind money markets are, and begs the question once again, have financial markets already priced in a recession? It's hard to say when Federal Reserve Governor Waller says he needs to review Retail Sales and Housing Starts before committing to a more than 75bps rate hike on 07/27 , while St. Louis Federal Reserve President Bullard says that Core PCE inflation hasn't peaked yet but that there isn't too much difference between 75bps and 100bps on 07/27. Equities, Cryptos, and Commodities (aside from Gold, Copper, Palladium, Wheat and Soy) are up; Treasuries, VIX, DXY down. Housing Starts and Building Permits numbers are to be released at 830am (EST) on 07/19.* Price is currently trending up at $3870 and is on the verge of testing the uptrend line from 06/16 at $3880 as resistance after bouncing at $3707 minor support. Volume is currently Low and on track to favor buyers for a third consecutive session. Parabolic SAR at $3938 minor resistance, this margin is mildly bullish. RSI is currently trending up at 49 after bouncing at 42, the next resistance is at 53. Stochastic is on the verge of crossing over bullish at 37 after bouncing at 25; the next support is at 18 and resistance at 48. MACD is currently trending up at -31 after bouncing at the uptrend line from March 2020 at -37 as support (which is simultaneously reversing a soft peak formation), the next resistance is at -11. ADX is currently trending sideways at 20 as Price is pushing higher, this is neutral at the moment; if ADX was to start trending up with Price this would be bullish, and if it trends down as Price goes up this would be bearish. If Price is able to break above the uptrend line from 06/16 at $3880 , it will be forced to contend with the lower trendline of the descending channel from August 2021 at $3938 minor resistance . However, if Price is rejected here then it will likely retest $3707 minor support before potentially retesting $3508 minor support for the first time since November 2020. Mental Stop Loss: (two consecutive closes above) $3938.
SP:SPX
by dailytaguy
SPX Daily TA Neutral BearishSPX Daily neutral with a bearish bias. Recommended ratio: 35% SPX, 65% Cash. *Money markets continue struggling to find a bottom amidst high and rising global inflation. CPI report comes out tomorrow (07/13) at 830am (EST) , market consensus is around 8.8% (8.6%-8.9% range); if it comes in on the high end or higher, a sell-off will likely ensue. The next FOMC meeting is on 07/26-07/27 and the next FFR rate hike will be released in the Fed statement at 2pm (EST) on 07/27. Richmond Fed President Thomas Barkin stated today that he thinks that a 50-75bps rate hike this month is "reasonable" but cautioned against going too far and "inadvertently breaking something". The San Francisco Federal Reserve published research last month showing that demand is only 1/3 responsible for inflation and that supply chain disruptions are responsible for about 1/2 of inflation; this implies that the Fed can only do so much to ring in inflation and that a lot of it depends on Russia's attack on Ukraine and China's 'Zero Covid Policy'. Until inflation is tamed, it's reasonable to expect for more recessionary fears to mount heading into the second half of the year, especially with the risk of the global geopolitical situation (and therefore supply chains) getting worse.* Price is currently trending down at $3800 after being rejected by the lower trendline of the descending channel from August 2021 at $3938 minor resistance and is technically still testing the uptrend line from 06/16/22 as support. Volume remains Moderate and has favored sellers for two consecutive sessions now. Parabolic SAR flips bearish at $3734, this margin is mildly bearish. RSI is currently trending down at 44 with no signs of trough formation after forming a Double Top just below 53 resistance, the next support is at 38. Stochastic remains bearish for a second consecutive session and is currently testing 76 support as it falls out of the 'bullish autobahn zone'. MACD remains bullish and is currently forming a soft peak as it tests the uptrend line from March 2020 as resistance a little above -44 resistance. ADX is currently trending sideways and is beginning to form a soft trough at 20 as Price is trending back down, this is mildly bearish; if ADX is able to bounce here as Price continues to break down, this would be bearish. If Price is able to bounce here then it will likely retest the lower trendline of the descending channel from August 2021 at $3938 minor resistance . However, if Price breaks down out of the uptrend line from 06/16/22, the next likely target would be a retest of $3707 minor support (and potentially lower). Mental Stop Loss: (two consecutive closes above) $3938.
SP:SPX
by dailytaguy
SPX Daily TA Neutral BullishSPX Daily neutral with a bullish bias. Recommended ratio: 52% SPX, 48% Cash. * June CPI report is scheduled for release at 830am on 07/13 and the consensus estimate is 8.8%, if the number comes in higher than that (which many pundits are predicting) then a market sell-off is to be expected. The Euro continues to bleed as it approaches parity with USD for the first time in 20 years as USD and RUB both edge higher. Oil, Gold, Cryptos, Treasuries and Equities are all down as global inflation numbers keep coming in higher; the VIX is also higher. UK Prime Minister Boris Johnson resigned; Sri Lanka's economy is currently collapsing due to bankruptcy as their nation endures food and fuel shortages; Iran appears to be pushing forward with uranium enrichment while strengthening Yemeni ties - making Israel, UAE and Saudi Arabia become increasingly fearful and potentially willing to collaborate defensively; Russia is gradually expanding through the Donbas region (with Donetsk being one of the last strongholds to prevent annexation of the Eastern Oblast) while Lithuania enters the fray by blocking trade/transit between Russia and Kaliningrad - Putin also recently stated that the offensive against Ukraine has barely begun; and lastly the situation between China and Taiwan appears to be escalating month to month while mainland China is still dealing with 'Zero-Covid' and recent civil unrest from Chinese bank clients who have had their assets frozen. That said, the bearish catalysts keep piling up as financial markets continue looking for a bottom; so at this point in time it's reasonable to say that financial markets are still at the whim of the Federal Reserve, and because the Fed isn't done moving to a 'restrictive monetary policy' it's therefore reasonable to assume that there is more potential downside. However, it's prudent to remain vigilant because of one question, at what point have financial markets already priced in a recession?* Price is currently testing the uptrend line from 06/16 at ~$3850 after being rejected by the lower trendline of the descending channel from August 2021 at ~$3925 for a second time in a month. Volume remains Moderate and is currently on track to break a five day streak of buyer dominance if it can close today's session in the red; according to Volume Profile, Price is also currently facing resistance at the third largest supply/demand zone on the chart. Parabolic SAR flips bearish at $3725, this margin is neutral at the moment. RSI is currently trending down at 46 after being rejected by 52.68 resistance for the second time in a month; the next support is at 38. Stochastic is currently crossing over bearish at 91 as it risks falling out of the 'bullish autobahn zone'; the next support is at 76. MACD remains bullish and is currently testing the uptrend line from March 2020 at ~-$35 as resistance while also still technically testing -44 resistance; if MACD is rejected at the uptrend line and then falls back below -44, this would be very bearish. ADX is beginning to form a soft trough at 19 as Price is seeing some recent selling pressure, this is mildly bearish. If Price is able to bounce off of the uptrend line from 06/16 at ~$3850 then it will likely retest the lower trendline of the descending channel from August 2021 at $3938 minor resistance . However, if Price breaks down out of the uptrend line from 06/16 at ~$3850, then it will likely retest $3707 minor support . Mental Stop Loss: (one close below) $3815.
SP:SPX
by dailytaguy
SPX Daily TA Cautiously BullishSPX Daily cautiously bullish. Recommended ratio: 69% SPX, 31% Cash. * The US Jobs Report came out this morning and 372,000 jobs were added in June which essentially recovers almost all of the jobs lost due to the pandemic (~23m) , the unemployment rate remained at 3.6% for the fourth month in a row. A technical recession is defined by the combination of declining economic growth and employment ; so according to the textbook we are not yet in one because unemployment is still low and credit is still relatively healthy(?). How reliable the employment data is and how effective the models used to analyze them are arguable but as it stands now, the growing number of layoffs hasn't hit the job market yet. Even though they are both connected, markets seem to have shifted their focus from inflation to Q2 corporate earnings as a means of determining how much of an economic slowdown we are to expect (which would determine if we end 2022 with a federal funds rate above 3.5% - it is currently at 1.58%). Russia continues to avoid Western sanctions and boost their Ruble by fortifying trade routes with Brazil, China, India and South Africa (amongst other countries); Donetsk and Severodonetsk are the last two major Ukrainian strongholds defending against a total annexation of the Donbas region (Southeastern oblasts) - and Russia likely won't stop there; and Russian Foreign Minister Lavrov reiterated today at the G20 Summit (before storming out) that increased sanctions are viewed as declarations of economic war.* Price is currently pushing higher at ~$3900 as it approaches the lower trendline of the descending channel from August 2021 at $3938 minor resistance. Volume remains Moderate and is currently on track to favor buyers for a fifth consecutive session if it can close today's session in the green. Parabolic SAR flips bearish at $3714, this margin is neutral at the moment. RSI is currently trending up slightly at 52 as it tests 52.68 resistance with a soft peak beginning to form. Stochastic remains bullish and is currently trending up at 98 as it approaches a test of max top where it can potentially coast in the "bullish autobahn zone" for some time. MACD remains bullish and is currently testing the uptrend line from March 2020 at -44 resistance, this is a critical resistance area. ADX continues trending down at 20 as Price pushes higher, this is mildly bullish at the moment; if ADX bounces as Price continues higher, this would be bullish. If Price is able to continue up here then it will likely face a bit more resistance at the lower trendline of the descending channel from August 2021 at $3938 minor resistance . However, if Price breaks down here, it will likely retest $3706 minor support before potentially heading lower to test $3508 support for the first time since November 2020. Mental Stop Loss: (one close below) $3815.
SP:SPX
by dailytaguy
SPX Daily TA Neutral BullishSPX Daily neutral with a bullish bias. Recommended ratio: 63% SPX, 37% Cash. * FOMC minutes were released at 2pm (EST) today and the main takeaways were: the Fed is committed to price stability and maximum employment and will take on a even more restrictive stance if inflation isn't tamed; they are most likely going to raise 75bps unless CPI comes in lower than expected or Russia/Ukraine situation improves, in this case they may raise 50; and that housing, job and credit markets are healthy as of May and the Fed thinks GDP will bounce back in Q2 - very curious to see how declining new home sales, growing gas and food prices, more layoffs and higher credit card usage will reflect on this perspective come July 27th. The current GDPnow estimate for Q2 GDP is -2.1% , and the next estimate is due tomorrow at 830am (EST). Gold + Oil + VIX + Euro are down and Equities + Treasuries + Cryptos + USD are up, markets seem to be pricing in a recession at this point. I guess it's only a real recession if the Fed says it is though.* Price is currently trending up at $3845 and forming a Bear Flag after bouncing from $3780; the next resistance is the lower trendline of the descending channel from August 2021 at $3938 minor resistance and the next support (minor) is at $3707. Volume remains Moderate and has favored buyers for the past three sessions. Parabolic SAR flips bearish at $3706, this margin is neutral at the moment. RSI is currently trending up slightly at 46, the next resistance is at 53 and support at 38. Stochastic remains bullish for a second consecutive session and is currently trending up at 84 as it attempts to flip 76 resistance to support on its way to testing to max top. MACD remains bullish and is currently trending up at -56 as it slowly approaches -44 resistance, the next support (minor) is at -76. ADX is currently trending down slightly at 22 as Price is pushing higher, this is mildly bullish. If Price is able to continue up here then it will likely retest the lower trendline of the descending channel from August 2021 at ~$3938 minor resistance . However, if Price breaks down here, it will likely retest $3707 minor support before potentially heading lower to test $3508 minor support. Mental Stop Loss: (one close below) $3780.
SP:SPX
by dailytaguy
NAS100|The worst is still to come, more selling ahead!I was just going through the chart and market history and decided to share my thoughts on the current market situation. We can definitely see that the stock market is tumbling to the floor. But the big question is, where shall this end? Everyone is eager to know the answer so we buy the dip. The chart above is a weekly chart. NAS100 continues to break the lows as we can clearly see from the past weeks. Today (Monday) NAS100 is trading below the May 2022 low. A daily close below this low will mean that NAS100 will continue further down. Ahead of it is the 200 simple moving average. I have also plotted my Fibonacci retracement tool from point A to B and noticed that- near the 200 SMA is the 61.80 fib level. Should we expect the market to bottom around this level? Only time will tell. I also took time to study the 2008 financial crisis chart and see what I could possible learn from it. In 2008, NAS100 tumbled with at least 50% from June 2008 high to November 2008 low. For sure many where watching the 200 SMA and perhaps thought the market would bounce up from there, but as we can see on the chart below the market just went through the line and further it collapsed. Today, history is definitely repeating itself. We can expect the 200 SMA and 61.80 fib level to be penetrated and 78.60% fib level might be an ideal level to watch this market and that is at around 9000. Maybe you are wondering. What exactly happened in 2008? By the winter of 2008, the U.S. economy was in a full-blown recession and, as financial institutions' liquidity struggles continued, stock markets around the world were tumbling the most since the September 11 terrorist attacks. In January 2008, the Fed cut its benchmark rate by three-quarters of a percentage point—its biggest cut in a quarter-century, as it sought to slow the economic slide. The bad news continued to pour in from all sides. In February, the British government was forced to nationalize Northern Rock. In March, global investment bank Bear Stearns, a pillar of Wall Street that dated to 1923, collapsed and was acquired by JPMorgan Chase for pennies on the dollar. Source: Investopedia The bottom line? US inflation accelerated to a fresh 40-year high in May to 8.6%, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats. With all this on the table, we can expect the worst for the stock market. I believe the stock market will continue to tumble and picking bottoms at this time is not a wise idea. If you enjoy reading my ideas please do support with likes.
FX:NAS100Short
by Forexintelligence_NA
4
Teva Pharmaceutical Industries Analyze (Rising Wedge)!!Teva is running in Descending Channel at a daily timeframe, also Teva was able to make Rising Wedge at 4h timeframe, while we can see sell signals in MACD & RSI Indicators. Rising Wedge's 🎯 Target 🎯: around 8$ 🔴 Heavy Resistance zone : 11$ until 10.3$ Teva Pharmaceutical Industries Analyze, 4h Timeframe (Log Scale) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
NYSE:TEVAShort
by pejman_zwin
2
NFLX Netflix: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Netflix, Inc. (NFLX). The chart is self-explanatory. Death cross may be coming up. RSI just broke out of the support line. Keep an eye on the Support Zone. Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Death Cross, Simple Moving Average, EMA Ribbons, Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. I have additional charts below on cryptocurrencies, stocks and more to review. Check them out! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
NASDAQ:NFLX
by MillionaireEconomics
2
Deepak Fertilizers Analysis (A good stock to keep tracking)Hey Folks, Lets Analyze now NSE:DEEPAKFERT If we look at the fertilizers Sector they are doing very well and beating the market returns. So Investing in them can be a good opportunity. As most of fertilizers Stock are Rallying and touching All time high's. these can be good money makers or Swing Trades. Deepak fertilizers can be a good stock to invest in Reason behind the Analysis is : Stock is forming an All time high It has recently given a good candle close #Breakout with high volumes of Classic Cup & handle(A 4 year old resistance) and its hovering over the resistance making it a valid support and showing Buyers are interested in it. Volumes are also giving Spikes while rallying and dried up when it comes down. So one can start Accumulation in lower levels(Supports) or can trade Breakouts in it according to their risk Appetite. Swing traders can take the targets of classic cup & handle. or you can hold it For longer term. Your stoploss can be below of the Support levels or you can keep your SL trailing.
NSE:DEEPAKFERTLong
by Gagan_Ahuja_13