SPX500 a short updateIt is easy to guess the top but the noise are hard.
All I can update is maybe we have a short term bounce to 3.9k these few days to close a gap.
If we manage to break below 3.7-3.8k , then the market will have higher chance to go down further as mentioned in my idea.
On the higher timeframe, If we manage to break above 4500, then My previous bearish bias will be invalidated.
I think we should have some sideways movement for few months for accumulation if it were to reverse the trend.
Just trade accordingly and be cautious!
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
Stockmarketanalysis
My $10,000 Portfolio is now live. Here we go!Traders,
The time has come. My first trades for my public-facing portfolio have been triggered. I will cover the first trade in this video and why I entered it as well as overall market analysis. To receive ALL of my trade alerts you'll need to (against house rules). All trade alerts will go out to everyone until I can prove success.
Best to you all!
- Stew
Etsy will be Long for the next yearsThe statistics are between $112 - $141 (1 Year)
Why not wait because many people are opening their Businesses on Etsy.
It's more personal from Seller to Client.
Etsy is testing a virtual program.
An example; The product you like can be seen in your Home, where you point the camera.
This and a lot more.
So I believe it will grow and find a Higher High at around $340 in 5 years.
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.
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
SPX500 short term moveThe weekly candle closed bearish, I expect it to move until 4000 at least.
On the higher timeframe, If we manage to break above 4500, then My previous bearish bias will be invalidated.
I think we should have some sideways movement for few months.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
What The Chart Says Upon Amazon's SplitAmazon stock AMZN had started trading with the split-adjusted price around $125 yesterday. The stock split usually increases the liquidity of the shares making it accessible to more investors who are not comfortable buying pricey stocks.
Also, BofA Global Research has found that splits "historically are bullish" for companies that enact them, with their shares marking an average return of 25% one year later versus 9% for the market overall.
From a technical perspective, Shares of Amazon AMZN advanced 1.99% to $124.79 Monday, however, prices struggled to make it through the $130.00 resistance levels - that represents the double bottom's minimum target - on the daily chart. So, a slight probable pullback is expected to test $122.20 - $119.85 - $119.00 support levels that may serve as an entry points, in order to hit back $130.34 - $135.78 targeted resistance levels.
BTC and ETH trading lower as US shares fall on inflation concernThe US remains focused on economic numbers and whether a slowing economy can offset higher inflation. Expectations are if data releases fail to meet analysis consensus, then we may see inflation peak and therefore a less aggressive US Fed Reserve towards interest rates. This would bee seen as a positive for shares but I suspect only in the short term. US employment data came out stronger than expected and weighed on the US into the weekend as the USD pushed higher and US bonds lower.
Bitcoin and Ethereum remain heavy and gave up recent gains as fast as they were made...prices now pushing down into major lows.
The general trend for major Indexes remains down with the the USD in the driving seat....continuing to be careful into shares as prices could continue the trend lower.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
Will 200 WMA hold Bitcoin ? I will be paying a very close attention to the 200WMA, as I Know in the past years it has acted as strong support. Imo I feel like on the smaller time frame we could go lower but on the weekly time close back above 200WMA. I still believe we won't see a bull market until next year.
Kumpulan Jetson Bhd
Kumpulan Jetson Bhd were actively traded in early trade with over 107 million shares done, making it the most active stock on Bursa Malaysia.
The counter surged 35.04%, or 20.5 sen to 79 sen, its highest since March 2014. Year-to-date, it has risen some 216%.Kumpulan Jetson has not made any corporate announcements recently. Its last announcement on Bursa Malaysia was on its financial results on May 19.In the first quarter ended March 31, Kumpulan Jetson’s net loss narrowed to RM126,000 from RM1.67mil in the same period last year.Its revenue for the quarter rose 39% to RM49.08mil from RM35.26mil a year ago, mainly due to an increase in revenue from the manufacturing division.
This counter has Formed the ascending triangle pattern.
Support:-0.240,0.230
Can be good option for short term buying
AAPL Apple : Short-term buy to key retest level 16.5Very straight-forward technical analysis .
Apple broke below substantial support trend-line beginning of May 2022.
The support was stretching higher with higher lows since early 2020, this changed just about a week ago.
The drop below the trend-line continued with a sharp drop from 155 to 139 at the lowest.
Connecting short-term lows provided support around 139.
Currently, short-term highs and lows converge into a 'falling wedge' pattern which may be bullish .
The only confirmation of bullish substantial movement would be with a break higher than 155 back to the long-term trend-line and therefor the breakout up of the 'falling wedge'.
A more likely scenario and the projection of this chart, is a retest of 155 post breakout - Which once retest confirms, would be the continuation of the down-trend.
In summary, Apple with high probability is going back to retest the long-term breakout, which makes for a very short-term buy.
**We must remember Apple went from $54 in March 2020 all the way to $180 early 2022.
There's plenty of room for Apple to correct down.
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I encourage you to do your own research and be cautious when trading, this is not financial advice but meant for educational purposes.
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Key markets to watch and levels for entry setupsShare markets bounced back as the European and US markets brush aside higher inflation on the back of resilient Consumers. Markets are only in correction mode and have not built a longer term base so I expect a grind up prior to another bout of selling pressure to come in to the action. The Fed does not seem as intent on containing inflation as first thought as we see the USD re-adjust lower.
The general trend for major Indexes remains down with the the USD in the driving seat....continuing to be careful into shares as prices could continue the trend lower.
BITCOIN and ETHEREUM are struggling to find buyers as prices hold lower highs and edge down into major low territory. Concern is that there is more downside to come as bulls remain on the sidelines.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
Wyckoff Zone EurusdThe Wyckoff Line indicator is created based on the activity of professionals and the identification of liquidity zones to which the price is attracted.
Remember that the market is driven only by supply and demand. No technical indicator will tell you in advance that there has been an imbalance of supply or demand.
Listening to the news, you can put yourself in a state of wrong decision, so make decisions only about the areas of activity of professionals. By understanding where the supply and demand imbalance occurs, you can properly align your work strategy.
The indicator has an intelligent algorithm that takes into account the activity zones on various timeframes that are above the work schedule.
Also on the indicator is the VSA system, which determines the entry point for buying or selling a certain instrument. The entry point is determined by the imbalance of volume and price according to the principle of lack of demand or lack of supply in liquid zones.
Take a look at "Figure 1", which clearly shows the proof of the offer, after which the price reached the next level of liquidity in WMT shares.
The following example clearly shows a purchase after a downtrend, which, after passing through the liquidity zone, determined a clear signal to buy AAPL shares.
The essence of the indicator is that a high volume is always a liquidity zone to which the price will constantly strive. The indicator identifies the liquidity zones of professionals, which it sets on ascending timeframes using certain settings of a large volume bar. And along with the indicator package, I am providing a tutorial video where I will tell you how to use this indicator. And I also give various copyright settings and recommendations for entering or exiting a position.
Now let's analyze the sell signal. Here is an example of one of the sell signals on which the indicator clearly worked:
The price reached the liquidity zone and signaled three times that it was time to enter the position. In addition, using completely different entry methods, you could sell KO shares or, if you were trending upwards and your methods are not related to sales, you could exit your position on time.
The uniqueness of the indicator is that it works on a chart like TIC TAC Toe. By setting liquidity zones, you can use the signal of this indicator without any market noise to enter a position. See the following example in which you entered the MSFT promotion:
snapshot
To start using the indicator, you must write to me in a personal message.
I will send you instructions on how to use the indicator and your recommendations (how to enter and exit the position) and the settings of the indicator.
Throughout the entire use of the indicator, you can get free support and advice from me by writing me private messages.
The ability to use the indicator in several languages: I will provide you with video setup instructions and instructions for use in your native language.
The languages available for using the indicator are: Russian, English, Chinese, Spanish, German.
Currently, the indicator settings are being translated into several languages.
The subscription price for the indicator is $20.
Buying an indicator for unlimited use is $300.