NDX v SPX. Nerd America comes closer to the Nerd sunsetThe main graph represents NDX v SPX ratio.
Like 25 years ago, new super duper brave generation of Nerd America comes closer to the next one Nerd sunset.
Stockmarketanalysis
Energy vs Tech : Analyzing Sector Performance and Market TrendsIntroduction:
The comparison between the energy sector (XLE) and the technology sector (XLK) provides valuable insights into current market trends. As the largest sector in the S&P 500, XLK often serves as a barometer for broader market strength. Conversely, when XLE outperforms XLK, it may signal caution, as XLE's smaller size limits its impact on the overall index.
Analysis:
Sector Comparison: XLK's performance is crucial in indicating market health. When XLK outperforms, it generally suggests a robust market outlook. On the other hand, if XLE starts to outperform XLK, this may indicate potential weakness in broader market conditions.
Inflationary Pressures: This ratio between XLE and XLK also reflects inflationary trends. A strong performance from XLE relative to XLK may signal rising inflationary pressures, which investors should closely monitor.
Charting the Pattern: The energy sector has formed an inverted saucer pattern. A breakout from this pattern could signify a positive upward trend and possibly a return to inflation.
Trade Setup:
Entry Point: Monitor the XLE/XLK ratio for a potential breakout confirmation.
Stop Loss: Consider setting a stop loss below the recent support level identified on the chart.
Target Price: Set a target based on the measured move from the breakout point of the inverted saucer pattern.
Conclusion:
The comparative performance of XLE and XLK offers essential insights into market dynamics and inflationary pressures. Traders should keep an eye on the potential breakout from the inverted saucer pattern in XLE, as it may indicate a shift in market trends. What are your thoughts on this analysis? Share your insights in the comments!
Charts: (Include relevant charts showing the XLE/XLK ratio and the inverted saucer pattern)
#Energy #Technology #MarketTrends #Inflation #XLE #XLK
MercadoLibre (MELI): A Powerhouse in Latin America! MELI is solidifying its position as a dominant player in the e-commerce and fintech markets across Latin America. With Argentina’s economic surge and aggressive expansion in Brazil and Mexico, MELI is poised for significant growth.
📈 Key Highlights:
Economic Recovery in Argentina driving e-commerce activity.
Expansion into logistics and food delivery diversifying revenue streams.
Growing adoption of Mercado Pago enhances its financial ecosystem.
While I see strong fundamentals supporting a buy rating, a 5% drop could offer a better entry point. My fair price estimate is $2,709, based on a 5 year DCF analysis.
Let's keep an eye on the support levels around $1,936 and $1,824.
#MELI #MercadoLibre #Investing #StockMarket #Ecommerce #Fintech #LatinAmerica #GrowthStocks #InvestmentOpportunities #Stocktobuy #Pullback
Domino’s Pizza ($DPZ) Earnings Preview: Breakout or Breakdown?Domino's Pizza ( NYSE:DPZ ) is set to release its Q3 FY2024 earnings on October 10, pre-market, with expectations of an EPS of $3.62 and revenue around $1.1 billion. The stock is currently sitting at the 200-day EMA on the weekly chart, indicating a critical technical range. While market sentiment leans bearish, a surprise in earnings could trigger a sharp move.
Key levels to watch:
Bullish: Target above $445 on a breakout.
Bearish: Watch for a move toward $385 if earnings disappoint.
Implied volatility is currently at 7.5%, suggesting significant potential for post-earnings movement. Stay tuned for the market’s reaction!
#DPZ #Earnings #Options #Investing #Solidified
Intel - Back To A Bullish Market!Intel ( NASDAQ:INTC ) perfectly rejected a major previous support:
Click chart above to see the detailed analysis👆🏻
After being cut in half multiple times over the past couple of months, Intel finally managed to reverse at a strong previous support level. However market structure is still clearly not bullish and Intel has to break above the next resistance to start creating a new overall uptrend.
Levels to watch: $26, $20
Keep your long term vision,
Philip (BasicTrading)
Nasdaq Ready to Fall==>-5%_-10%The Nasdaq Index started to rise with the help of the " Long Island " upward continuation pattern and made the New All-Time High(ATH) .
The Nasdaq Index is currently near the upper line of the Ascending Channel and has succeeded in breaking the Uptrend line .
Also, Regular Divergence (RD-) between Consecutive Peaks .
I expect the Nasdaq index to fall at least to the Support zone($71.41-$69.18) =🚨 -5% 🚨, and if the support area breaks, we should wait for this index to fall to the Lower line of the ascending channel = 🚨 -10% 🚨 .
Nasdaq Index Analyze (NDAQUSD), Daily frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SUPERMICRO. BUY WHEN THERE'S BLOOD IN THE STREETS.The worse the market - the greater the opportunity to profit it gives.
This seems to be the credo of contrarian, or counter investing.
Nathan Rothschild, a 19th-century British financier and member of the Rothschild banking family, is credited with saying:
“The time to buy is when there’s blood in the streets.”
Whether or not Rothschild actually uttered this famous line, it reveals an important truth about betting against market psychology. When prices are falling and markets are shaky, bold contrarian investing can yield big returns.
Key Takeaways
👉 Contrarian investing is a strategy that goes against prevailing market trends or sentiment.
👉 The idea is that markets are subject to herd behavior, fueled by fear and greed, which causes markets to periodically overprice or underprice.
👉 “Be fearful when others are greedy, and be greedy when others are fearful,” said Warren Buffett. This phrase embodies a similar philosophy, perhaps just in a slightly more succinct form.
Historically, market panics can be a great opportunity for cheap investing.
Most d̶u̶m̶b̶a̶s̶s̶ ̶ people want to have ONLY WINNERS in their portfolios, but as Warren Buffett warned, “In the stock market, you pay a very high price for a happy consensus.”
In other words, if the crowd is unanimous in agreeing on an investment decision, it’s probably NOT A GOOD ONE.
Going Against the dumbass Crowd
Contrarians, as the name suggests, try to do the opposite of the crowd. They get excited when a good company’s stock price drops sharply and unfairly. They swim against the tide and assume that the market is usually wrong at both extreme lows and highs. The more prices fluctuate, the more delusional they think the rest of the market is.
Contrarian investors believe that people say the market is going up when and why they are fully invested and have no further buying power.
At that point, the market is peaking and should be going down. When people predict a decline, they are already sold out, and at that point, the market can only go up.
For this reason, contrarian thinking is great for figuring out whether a particular stock has actually bottomed.
Bad times build wealth
😬 Contrarian investors have historically made their best investments during times of market turmoil. During the 1987 crash (also known as Black Monday), the Dow Jones Industrial Average in the US fell 22% in one day.
😬 During the 1973–74 bear market, the market lost 45% in about 22 months.
😬 The September 11, 2001 attacks also caused the market to fall significantly.
I AM CERTAINLY NOT AN ADVOCATE OF VIOLANCE
But the list of facts goes on and on. And these were the times when contrarians found their best investments.
😬 The 1973–1974 bear market gave Warren Buffett the opportunity to buy a stake in the Washington Post Company, an investment that subsequently rose more than 100 times its purchase price. That’s before dividends.
Buffett said at the time that he was buying the company’s shares at a deep discount, as evidenced by the fact that the company could “sell (the Post’s) assets to any of 10 buyers for at least $400 million, probably considerably more.” more." Meanwhile, the Washington Post's market cap at the time was just $80 million. In 2013, the company was sold to Amazon CEO and founder Jeff Bezos for $250 million in cash.
😬 After the 9/11 attacks, the world stopped moving for a while. Let's say you were investing in Boeing (BA), one of the world's largest commercial aircraft makers, during that time. Boeing's stock bottomed out just a year after 9/11, but since then, it has more than quadrupled in the next five years. Clearly, while 9/11 may have temporarily soured market sentiment on the airline industry, those who had done their research and were willing to bet on Boeing's survival were well rewarded.
😬 Sir John Templeton ran the Templeton Growth Fund from 1954 to 1992, when he sold it. For every $10,000 invested, into an A-share fund in 1954 would have grown to $2 million by 1992 with dividends reinvested, or an annual return of about 14.5%.
Templeton was a pioneer of international investing. He was also a serious contrarian investor, buying into countries and companies when, according to his principle, they reached their "POINT OF MAX. PESSIMISM."
Four years later, he sold the stock for a huge profit.
The Risks of Contrarian Investing
While the most famous contrarian investors bet big money, went against the grain, and succeeded, they also did a lot of research to make sure the crowd was wrong.
So when a stock takes a big dive, it doesn't prompt the contrarian to place an immediate buy order, but to figure out what caused the stock to fall and whether the price drop is justified.
Knowing which distressed stocks to buy and sell once the company recovers is a major concern for contrarian investors. This can lead to stocks that deliver much higher returns than usual. However, being overly optimistic about hyped stocks can have the opposite effect.
Final Points.
👉 While each of these successful contrarian investors has their own strategy for evaluating potential investments, they all have one thing in common: they let the market give them deals instead of chasing them.
👉 What's next for Supermicro stock? Who knows, who knows..
It's very individual and depends on what you're looking for... opportunity or denial.
👉 The current 6-month return on investment in Supermicro stock is -58.44% - a pretty rare occurrence for SMCI.
This has never happened before.. even in times of WFC, Covid-19 or smth else.
Indeed, several times 6-months returns were quite negative for SMCI. Then Supermicro shares doubled or even tripled in price in just several next years.
What principle and style of investing do you adhere to?! Please share your comments and feedback in the box below! 👇👇
Google - Textbook break and retest!NASDAQ:GOOGL might retest the previous breakout level before continuing the uptrend.
The entire chart of Alphabet (Google) is green, yet I do expect a (short term) move lower first. For almost a decade, Alphabet has been retesting and respecting a major support trendline before then breaking out of the ascending triangle formation just a couple of months ago. I just expect Alphabet to retrace back to the breakout level before then creating new all time highs.
Levels to watch: $150
Keep your long term vision,
Philip - BasicTrading
SPY Advanced Analysis by Deno Trading: What’s Next for the S&P 5Let’s dive into the SPY analysis across multiple timeframes, looking for key insights on where the market could be headed. I’ll break it down step by step so it’s easier to follow along.
30-Minute Chart Overview:
Current Price Action: We’re sitting around $569, and what’s really interesting is that SPY has been consolidating after hitting a recent high of $570. The market is in a bit of a tug-of-war between bulls and bears, and we’re right at a pivotal level.
Key Resistance: The $570 - $574 zone is a major resistance level. Every time we’ve tested it recently, we’ve seen the market pull back, indicating strong selling pressure. This zone is critical, and we’ll need to break above it with volume to see any further upside.
Support: On the downside, the first level of support is around $565, followed by $561, which aligns with the 50-period moving average on the 30-minute chart. If the price breaks below this level, we could see further downside pressure.
4-Hour Chart Insights:
Moving Average Support: On the 4-hour chart, we’re seeing strong support at $561, where the 50-period moving average has been acting as a floor for recent price action. As long as SPY holds this level, the bulls still have a chance to regain control.
Potential Bullish Scenario: If the price holds $561 and pushes higher, a break above $574 could take us to new highs for the year, potentially testing levels above $580.
Bearish Case: If we fail to hold $561, I’d expect a move down towards $552, where the next level of support lies. This level has acted as both resistance and support in the past, making it an important area to watch.
Daily Chart Breakdown:
Longer-Term Uptrend: The daily chart shows that SPY is still in a broader uptrend, holding above the 200-day moving average, currently sitting around $552. This level has provided a solid base throughout the year, so as long as we remain above it, the long-term trend remains bullish.
Current Resistance: The $570 - $574 resistance zone is evident here as well. This level marks the highs from September, and breaking it would signal the market’s willingness to push towards $580 and beyond.
Weekly Chart for Perspective:
Larger Timeframe: The weekly chart tells a similar story. We’re hovering around $570, right at a major resistance level. The 50-week moving average, sitting around $512, is well below the current price, suggesting we still have a cushion before a significant breakdown would occur.
What to Watch: If we break $574 on the weekly chart, we could see a massive bullish continuation. However, failure to break this level could lead to a bigger pullback to $550 or even $530 in the weeks ahead.
Conclusion & What I’m Watching:
Bullish Breakout Scenario: If SPY breaks above $574 with strong volume, we could see a rally towards $580 or higher. This would confirm that buyers are back in control.
Bearish Rejection Scenario: On the flip side, failure to break this resistance could lead to a pullback towards $561 or even $552. If we break below those levels, the bearish case strengthens, and we could see further downside.
Final Thoughts:
Right now, we’re at a pivotal point. The next few trading sessions will determine whether we’re gearing up for a breakout or a more significant pullback. I’m watching the $570 - $574 level closely for signs of either bullish continuation or rejection.
Nasdaq - Another +50% From Here!Nasdaq ( TVC:NDQ ) just broke out of a major channel:
Click chart above to see the detailed analysis👆🏻
It really seems like the Nasdaq is about to repeat the breakout behaviour of 2020. However, last month the Nasdaq showed some significant signs of weakness and vulnerability. The next couple of months will be very decisive, but the past of least resistance still seems towards the upside.
Levels to watch: $20.000, $25.000, $16.000
Keep your long term vision,
Philip (BasicTrading)
S&P sets new high but weakness is mountingLast week, the market traded within a narrow range, yet still managed to reach new highs. The bulls remain in control of both the daily and weekly timeframes, although I’m not entirely comfortable with the structure that has developed over the past five days. Most of the growth occurred during extended hours, while during regular trading hours, the market either remained in a tight range or moved downward. This structure is fragile and could easily break, though I’m not ready to call for shorts just yet.
Firstly, it hasn’t broken. We're still in a bullish wave on the daily timeframe — in the past two weeks, none of the days have closed below the previous day's low. Secondly, even if the structure breaks, we should not expect significant follow-through, as the market remains very bullish.
Here's a quick recap of the key points supporting the bullish thesis (you can find the rest in my previous review):
1. The Fed cut interest rates by 0.5 percentage points, which is positive for both the economy and the stock market for several reasons, such as cheaper borrowing costs.
2. The SPX has reached a new all-time high, which is highly bullish.
3. Both the weekly and daily charts show a strong uptrend.
For the market to reverse, there would need to be a significant shift in sentiment, likely triggered by some fundamental event. From a technical standpoint, the uptrend remains intact as long as the bulls hold the previous major low ( 538 ). Until then, any "red" waves should be viewed as mere pullbacks within the broader upward movement.
MRF Ltd. (NSE: MRF) – Technical Analysis UpdatePattern Formation: MRF Ltd. has been forming a cup-and-handle pattern over the past several months, indicating a bullish continuation. The stock has successfully tested the key Fibonacci retracement levels and is now moving towards potential breakout zones.
Cup-and-Handle Formation:
The rounded cup formed after the stock declined from its peak around ₹150,995 and found support near ₹115,601. The handle has now completed, as the stock consolidated within a falling wedge pattern, building strength for the next leg upwards.
Key Resistance Levels:
Immediate Resistance: ₹144,045 (4.26% upside) – This level aligns with the upper boundary of the wedge pattern. A breakout above this level would signal strength, confirming the end of the handle phase.
Major Target: ₹161,250 (16.54% upside) – This represents the projected target based on the full breakout of the cup-and-handle pattern, leading towards a possible rally to the previous all-time highs.
Support Levels:
Strong Support: ₹133,298 – This aligns with the 50% Fibonacci retracement level, where the stock has shown significant buying interest during previous dips.
Key Fibonacci Levels: 61.8% (₹133,475) and 38.2% (₹129,121) act as pivotal zones for any pullback in case of renewed selling pressure.
Volume Profile & RSI:
Volume Analysis: The recent volume spikes, especially during the approach to the wedge breakout, show accumulation, confirming investor confidence.
RSI: The Relative Strength Index is approaching the 60-70 range, suggesting a healthy bullish trend without overbought conditions.
Outlook: If MRF Ltd. breaks out of the ₹144,045 resistance level, it could see a swift move towards ₹161,250, a potential gain of 16.5% from current levels. Traders should look for strong volume confirmation during the breakout for additional momentum.
Risk Factors: If the stock fails to sustain above ₹133,298, there could be a deeper retracement to test lower Fibonacci levels, with downside risks towards ₹129,000-125,000.
The S&P rally continues, defying all fears of a recessionLast week was marked by erratic price movements, leading many to recall the old adage, "no trade might be your best trade." The most confusing (and devastating) price action occurred on Thursday following the FOMC's interest rate decision. The Fed cut rates by 0.5 percentage points, sparking fears of an upcoming recession. Wednesday ended with a strong bearish "falling star" candle, tempting traders to take large SHORT positions. To be honest, I would have likely done the same if I had been trading that day (luckily, I wasn’t), as the least one would have expected was an overnight rally that wiped out short positions when the market opened on Thursday.
This series of events is a perfect example of what makes trading so challenging— even a solid setup can fail spectacularly without any clear reason.
Now, let's try to assess the current situation :
1. The Fed cut rates by 0.5 percentage points – This is actually positive for the economy and the stock market for many reasons (e.g. cheaper borrowing costs). At the same time there are no objective signs of a recession, only fears.
2. The SPX reached a new all-time high – How can this be bearish?
3. Both weekly and daily charts show a strong uptrend.
4. Almost all major SPX sectors closed the week strong, reflecting investor confidence.
In summary, the market remains very bullish , with no indication that the trend is reversing anytime soon. Short term price action might be erratic, but long-term things look good both from technical and fundamental perspectives.
Let’s stay calm and prudent.
Important levels:
Last major weekly high (538). As long as it holds buyers have control over weekly chart.
Alpa Laboratories investment ideaObservation
Stock Breakout it resistance with huge trading Volume. Stock trade above all the EMA RSI above 60 on all TF
Technical Analysis & indicators 🔍
Rounding Bottom
Monthly Chart
For more detail you can visit on given website
POLE FLAG WITH ROUNDING BOTTOM IN DALMIA BHARATWe can See a trend change in Dalbharat...
Phase 1 Downside - Done
Phase 2 Sideways Consolidation - on going
Phase 3 Trend continuation or Reversal - NEXT
For Short term we can see Pole flag formation in Dalbharat after trendline break
For long term if the pole and flag gets activated we can see Cup and Handle next.
Dalbharat has been trading in range and consolidating...
Dotted Trendline should act as Upside support
Idea Invalid if 1840 broken on DCB
ASI - Elliot Wave PatternThe completion of this pattern typically suggests that the market might enter a corrective phase or a new trend might begin. It’s crucial to keep an eye on the key support and resistance levels and be cautious about the potential market movements.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
POONAWALLA TRENDLINE BREAKOUTDynamic Trendline Breakout with Volumes in Daily TF.
Took Support from Previous Support Zone.
Buy on Dip till 385.. Need some Retracement for Further Upside.
RR Favorable
WK Kellogg $KLG Analysis Company Overview: WK Kellogg NYSE:KLG is pushing forward with its "Feeding Happiness" initiative, a sustainable strategy designed to tackle global food challenges, aligning well with the current trends in ESG (Environmental, Social, and Governance). This strategy underscores the company's commitment to sustainability and long-term growth, which could capture the attention of investors, particularly in uncertain market environments where consumer staples become more attractive.
Key Catalysts:
EBITDA Growth Projections: Despite flat sales forecasts, KLG expects mid-single-digit EBITDA growth in 2024, reflecting a resilient business model post-recovery from the 2021 fire and labor strike.
Profit Turnaround: KLG saw a remarkable 50% increase in standalone adjusted EBITDA, with a net profit of $15 million, reversing from a loss of $152 million. This substantial turnaround strengthens investor confidence in its operational efficiency.
Sustainability Focus: The "Feeding Happiness" strategy aims to meet global food challenges, enhancing the company’s brand value and appeal to environmentally-conscious consumers.
Investment Outlook: Bullish Outlook: We are bullish on KLG above $15.50-$16.00, highlighting its attractive entry point as the company pivots towards sustainability. Upside Potential: The upside target for KLG is set at $23.00-$24.00, driven by its strategic growth initiatives and profitability recovery.
📈 KLG—Feeding Happiness, Fueling Growth. 🌱 #SustainableFuture #EBITDAGrowth #KelloggTransformation
Nasdaq-100 Index. The Psychological Aspects of Round NumbersIn the complex dance of commerce and finance, price tags play a key role in influencing consumer decisions.
While it’s a fairly common psychological assumption that every penny and cent counts when it comes to getting the best deal, human psychology often deviates from this linear logic. In this educational post, we explore the irresistible appeal of round numbers, and how they often trump other considerations when making transaction decisions.
The Irresistible Attraction to Round Numbers
We do often believe that every penny counts in our transactions. However, research shows a striking deviation from this assumption. In scenarios where people choose a price, such as tipping at a restaurant or donating to beloved author or website, they disproportionately choose round numbers — like $ 5, $ 10 or $ 20 — far more than would be predicted by chance alone.
One could argue that this is due to the rejection of change, a reluctance to waste time on small change, and the unwillingness to bother with complex mathematics. However, even in cases where the exact bill is not an issue (e.g., cashless card payments), the preference remains.
For example, diners faced with a non-round bill (for example $ 34.67) are more likely to give non-round tips ($ 15.33), but only so that the total is a neat round number ($ 50).
Why do we prefer round prices? And what is the psychology behind it?
1) Cognitive simplicity: The human mind is programmed to simplify and seek simplicity. Numbers like 10, 50, or 100 inherently feel “cleaner” and less chaotic than 17, 62, or 84. This desire for neatness gives us a sense of accomplishment.
2) Perception of quality: The marketing world has long capitalized on this preference for round numbers. Brands strategically associate round prices with premium quality. On the other hand, odd prices like “29.99” or “34.99,” while ubiquitous, subconsciously signal here's a discount or a bargain.
3) This preference is not limited to prices. People exhibit this tendency to round in other aspects of life as well. Our repeated exposure to round numbers is common in a variety of contexts, both in everyday life and during financial transactions, which contributes to an unconscious bias toward them. This cognitive ease with round numbers further perpetuates the preference.
The stock market’s behavior and its fluctuations around these significant, round numbers is not a coincidence in general; there is a psychological explanation.
Market Psychology of Round Numbers
When the market reaches round numbers such as 500 or 1,000, 2,500 or 5,000, 10,000 or 20,000, it attracts the attention of both active traders and casual investors who may not even be actively following the market.
As in everyday life, people often use round numbers as thresholds for making investment decisions. For example, some may decide to enter the market if a major index such as the Nasdaq-100 has exceeded 10,000, or they may decide to sell some of their stocks if the Nasdaq-100 has reached 20,000.
These round numbers act as magnets for sellers as they mark important milestones given the relatively high rarity of a round number. If the market has the potential to move higher, it first needs to absorb the selling pressure around the round numbers and establish equilibrium before continuing its move higher.
If we analyze the market behavior over the last decades, we will see clear patterns at round numbers. Let us take a closer look at a few examples.
1) Indian Stock Index, Sensex BSE:SENSEX
Sensex, one of the major market indices in India, has its share of round number syndrome. For example, when Sensex reached 10,000 points in Q1 2006, it experienced significant market activity, with the index fluctuating by as much as 30 percent in Q2.
The same phenomenon occurred at multiples of 10,000.
Thus, at 20,000 points, which the Indian market reached at the end of 2007, the index collapsed by more than 60 percent over the next 4 quarters of 2008.
Later the 20,000 mark has been reached again in the second half of 2010, and the index again suffered a decline of more than 20 percent during 2011.
Later Indian stock market index reached the 30,000 mark in the first quarter of 2015, and its led to a price decline of more than 20 percent in the next 4 quarters, while 40,000 mark in the fourth quarter of 2019 - led to the market decline by 30 percent on the wave of COVID-19 sales.
2) Gold market OANDA:XAUUSD
As in the previous example, round numbers often become key points of congestion for Gold market, when the market tries to break even higher, but the forces of buyers and sellers may be unequal.
For example, spot Gold reached the $ 1,000 mark for the first time in the Q1 2008, which, following the logic discussed above, led to sales and 30 percent decrease.
Gold spot buyers have tried a lot to reach $ 2,000 mark in 2011, but it brought the market down by 45 percent over the next 5 years. There were also a lot of unsuccessful attempts to jump above $ 2,000 in 2020-2022.
Finally Gold spot surged above $ 2,000 only in Q4 2023, its led to further price increase, up to 2500 US dollars per ounce.
3) US stock index, Nasdaq-100 index NASDAQ:NDX
The Nasdaq-100 index approached the 10,000 point mark for the first time in Q1 2020, which could have contributed to the sell-off. In fact, this is what happened, as the market then plunged by more than 30 percent in March 2020, and only thanks to monetary support measures and the reduction of US interest rates to almost zero, the index was able to break the 10,000 barrier by the end of Q2 2020.
Reaching the 20,000 mark by the market index in Q2 2024, as we see, again leads to increased turbulence in US tech stocks and talk of imminent monetary easing by the Fed.
Final Thoughts
1) It is important to note that round number syndrome and increased seismic activity near rounds number is a short-term phenomenon. Once the selling pressure is absorbed, the market resumes its movement based on other factors and develops independently of these already passed milestones.
2) Understanding the market behavior at round numbers can provide valuable information to investors. These round numbers act as psychological triggers for investors, driving their decision-making processes.
3) Understanding this phenomenon allows investors to make more informed choices and understand the short-term fluctuations that occur during these stages.
Nifty Gift nifty buy signalRisk taking trader can buy if this starts buy tomorrow we can expect a gap up on nifty
Happy trading 🥰
🔀 Bang Bang. Zoom Hit The Ground. Bang Bang. Bears Shot It DownZoom company's video-conferencing service became so ubiquitous during the Covid-19 pandemic that its corporate name became a verb describing the act of firing up a video chat to connect with coworkers online.
Zoom shares VIE:ZOOM rose seven-fold in 2020 as sales surged after millions of workers were stuck at home because of COVID-19 restrictions. By 2021, though, revenue growth slowed, and the stock plunged. The company has shed at least $100 billion in market value since then.
Meanwhile over the past two years, the stock has stagnated because Zoom's video-conferencing service is needed less as businesses continue pushing staff back to the office.
Zoom, one of the main enablers and beneficiaries of remote work, in August 2023 has asked its employees to head back to the office. The company announced that employees living within 50 miles of a Zoom office must work there at least two days a week.
"We believe that a structured hybrid approach – meaning employees that live near an office need to be onsite two days a week to interact with their teams – is most effective for Zoom," a spokesperson said in a statement. "As a company, we are in a better position to use our own technologies, continue to innovate, and support our global customers."
As pandemic Covid-19 is over, many other companies have announced return-to-office mandates, but Zoom's change of heart is surprising given the role its technology plays in remote work. The company's video-conferencing service became so ubiquitous during the pandemic that its corporate name became a verb describing the act of firing up a video chat to connect with coworkers online.
People are back to Travelling. The annual graph for NYSE:RPM , Revenue Passenger Miles for U.S. Air Carrier Domestic and International, Scheduled Passenger Flights.
Meanwhile, there're some important things to say.
Warren Buffett's 99-year-old business partner, Charlie Munger, was surprisingly embraced Zoom during the pandemic. Eric Yuan, the founder and CEO of the video-conferencing platform, celebrated the veteran investor's endorsement of his product on an earnings in 2021.
"I have fallen in love with Zoom," Munger, the vice-chairman of Berkshire Hathaway, said in a CNBC interview filmed at Berkshire's annual shareholder meeting in May, 2021.
"Zoom is here to stay. It just adds so much convenience."
• Munger added that he struck a deal in Australia using the communications tool. He trumpeted its prospects at Daily Journal's annual meeting in February, 2021 as well.
• When the pandemic is over, I don't think we're going back to just the way things were," the newspaper publisher's chairman said.
• We're going to do a lot less travel and a lot more Zooming.
Charlie loves Zoom and uses it frequently for business and to keep in touch with his family, as it's difficult for him to travel.
His business advice was to build a better product or offer a better solution, that it's all about competition, and that successful people are those with the acumen to understand life better than everyone else. He said it's up to you to work harder and better than the next person.
Charlie also said investments are better than money in the bank, and it's important to go to the office to work in person.
The main graph says, Zoom equities just hit the major all history ground support near $59 per share.
GOOGLE.... Go Long!After the bullish BOS, sweeping all of the external liquidity, price returned to the breakout level to find support at the +FVG.
Also worth mentioning, price retraced to the OTE fib level of .705, as well.
The reaction is a good one, as last week's candle had a strong, bullish close.
The outlook is bullish. Longs only.
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Intel - (Much) Lower from here!NASDAQ:INTC is about to create such a massive higher timeframe candle - a drop is immanent!
Within one month, a setup played out and we are back to beginning. During the past 30 days, Intel rejected the support towards the upside with a move of +25% and immediately reversed the entire move. The monthly candle will close so bearish, I do expect a break below the current short term support, followed by a retest of the multi-year long support area.
Levels to watch: $30, $26
Keep your long term vision,
Philip - BasicTrading
