Head and Shoulders Topping Formation on the Russell2000The recent failure of First Republic Bank highlights the problems facing the US banking system. These problems include the continued increase of delinquency rates on Credit cards, Commercial Real Estate & Automobiles, as well as a decrease of commercial bank deposits and M2 money supply (-4.2% YoY). These problems, among others, are causing banking institutions to rein in their lending to build reserves and take on debt from the FED & FHLBs to meet deposit withdrawals. This reduces the profitability of banks and restricts credit into the economy, which reduces economic activity as a whole. The economy had already begun slowing heavily before the credit crunch began in March 2023, but the current business cycle downturn, combined with 3 large regional bank failures and rising continuing jobless claims, portend a severe & lengthy economic contraction. The Conference Board Leading Economic Indicators registered a -7.2% YoY Contraction recently. Since 1968, Any Conference Board LEI contraction of more than -2% YoY has never yielded a false positive in regards to a coming recession.
Over 40% of Russell2000 companies are unprofitable and over 24% of S&P500 companies are zombie companies. Markets are still very overvalued within the context of a 5% Fed funds rate, contracting earnings, a credit crunch, and ongoing quantitative tightening by the FED. The markets have been seeing less buying volumes as well as carving out a head and shoulders top on the Russell2000. Other problems facing the banks include the popping auto & commercial real estate debt bubbles, as well as increasing large corporate bankruptcies (The most since 2010 thus far this year). The IPO market is the weakest it has been since 2009 (by total proceeds), which is also hurting Investment banking profits. I see the potential for 5%-10% possible upside and 35%-50% downside for the Russell2000 & S&P500 over the next 9 -18 months.
Thank you for reading,
Alexander C. Lambert
Stockmarkets
NASDAQ - Bullish movement resumeThe price broke a strong trendline and a resistance and targeted the next significant resistance level, first the 127-138 level of Fibo and then the 13500 level.
1D:
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WHY NIFTY WENT UPWARDS TODAY, HERE'S WHY - 26/04/23 Nifty took support from the support line tested by previous day support & day before yesterday's strong resistance after the opening of the day and consequently went upwards a lot due to the support line being very strong due to presence of multiple support & resistances on the last 2 days
After that it took resistance from a previous day resistance line and consolidated a lot in the second half
But the resistance line being weak due to the presence of only one earlier resistance it was breached during the end of the day and nifty went upwards again
PHARMALA BIOTECH HOLDINGS INC(#MDMA))Hi Dude
from now on i am going to scrutinize Canada Stock market Shares
for This post I Analyze MDMA Share
as Depicted in picture i suggest:
Entry:0.295
SL:0.245
TP= 1:7 but dont hurry and wait for breaking orange trendline
if you like please support by comment and share
REXNORD : Target 200 % in 6 months Hello Traders!
I hope you are doing well.
In this chart as you can see price bounces each time it comes down to 50 ma band and gains momentum to give a good rally. This time again it seems that price is trying to bounce from the same moving average. So higher probability is that it'll give another rally for a huge target in a short period of time that is 3 to 6 months. Price shows trendline breakout. Risk is little and reward is huge in this trade, i.e. 1 : 8.
Target is more than 200 % as per my POM Advance Trading System
Entry can be taken at current market price.
Rest the chart explains everything.
👉This analysis is for educational purpose only.
spx500 is started the 2nd round the zone of 4100 is a critical zone for #spy.
its the 2nd try to fight with this zone and this time a bit stronger.
I am personally 60% cash and I prefer to stay calm waiting for a strong breakout beyond the 4300 .
for the next week the volume is more important than the price.
BankNifty Demand and Supply Zone for 31st March 2023BankNifty Demand and Supply Zone for 31st March 2023
Can long above green/ demand zone if price action shows bounce from that zone with SL below zone.
Can short below red/supplyzone if price action shows rejection from that zone with SL above zone.
More details on chart.
Good Luck.
#stockmarkets #niftytomorrow #premarket
View for education purpose only.
#Nifty view under profile.
Nifty Demand and Supply Zone for 28th March 2023Nifty Demand and Supply Zone for 28th March 2023
Can long above green/ demand zone if price action shows bounce from that zone with SL below zone.
Can short below red/supplyzone if price action shows rejection from that zone with SL above zone.
Good Luck.
View for education purpose only.
Market Day Ahead (29th March) - Our views on FINNIFTYAssuming Nifty Financial Services (FINNIFTY) opens between 17700 and 17600
Long Position
If there is a closing above 17710. We will be initiating a long position for targets of 17770 and trail for target of 17880
Short Position
If there is a closing below 17600. We will be initiating a short position for targets of 17552 and trail for target of 17432
These are our views on FINNIFTY and expectations on respective movement.
We are not SEBI registered analysts and views are for learning purposes only. Please consult your financial advisor before taking any trades
BankNifty Demand and Supply Zone for 28th March 2023BankNifty Demand and Supply Zone for 28th March 2023
Can long above green/ demand zone if price action shows bounce from that zone with SL below zone.
Can short below red/supplyzone if price action shows rejection from that zone with SL above zone.
Good Luck.
#stockmarkets #niftytomorrow #premarket
View for education purpose only.
#Nifty view already shared, link below.
Nifty Demand and Support Zone for 27th March 2023Nifty Demand and Supply Zone for 27th March 2023
Can long above green/demand zone if price action shows bounce from that zone with SL below zone.
Can short below red/supplyzone if price action shows rejection from that zone with SL above zone.
Good Luck.
View for education purpose only.
Earthstahl & Alloys Ltd Investing for long term. #Earthstahl & Alloys Ltd has broken down trendline, that is bullish sign.
#earth #investing #stockmarkets
Seems like price is creating base and accumlation is going on, seems good for investment around CMP 46.99 for targets of 60, 90, 120 and may be more.
Can exit below 39.
View for education purpose only
SasanSeifi 💁♂️ AMD/ 1D LONGTERM ⏭ $89/$97 ? ❗❗HI TRADERS ✌The possible scenario of AMD is specified. As you can see, after breaking the long-term downward trend, the trend started to grow up to the range of 89 and then with a slight correction, it was able to grow again from the range of $76.
It is currently trading in the range of $83.24 and is above the 60 EMA. We can expect the price to grow to the range of $89. We have to see how the price will react to the $89 resistance range. If it stabilizes above the range of $89, the next target is the range of $97.
Keep in mind that it is important to maintain the $75 support Zone for the continuation of the uptrend
let's see...
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
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Stock Market March 23' ⚔️ Long Vs. Short Well , just as any other chart, we must keep things simple. Price has made a new Low after Ranging for 120 days/4 Months. There is Liquidity Built up in the market. If we maintain bearish momentum then we will see 31,198 very soon. Price is testing 32,082 at the moment. We may return to the low from OCT 22' due to clean traffic on the weekly timeframe and plenty of fundamental reasons to be concerned about. 32,082 must hold for bulls or we are falling off a cliff here.
ADANI/INR ( Still Big Dump Expecting as per Technical AnalysisTechnical Analysis of ADANIENT/INR:
ADANIENT is currently trading at ₹1615, which has seen almost a 20% rise within 2 days after a significant fall of 75% within 3 months. Many retailers attribute this fall to the Hindenburg Report, but I believe that the retailers may be wrong. The decline began in December 2022, and a strong reversal pattern formed at the top. Therefore, smart players had already exited by the end of December and January.
The Hindenburg Report came on 24th January, by which time ADANIENT had already given a strong reversal pattern. Therefore, I believe that this news might have been pre-planned. It is essential to be smart and trade smartly in such situations.
As per the chart, the downtrend of ADANIENT is still ongoing, but I believe that it may test the ₹2364 level again, which is around a 50% rise from the current price. However, after retesting resistance, another dump is expected.
The major support level is ₹1360, and if any HTF candle closes below it, then another significant drop is expected. If the support level of ₹1360 is broken, then we may see ADANIENT at the ₹500-₹700 level.
The Fib retracement support is also around those points. 0.5 FIB = ₹704, 0.618 FIB = 460. Long-term support TrendLine is also near the FIB Retracement levels.
It is essential to note that this process takes time, unlike Crypto, and it may take around 2-3 years in my opinion.
If ADANIENT breaks the price level of ₹3011, then the bearish sentiment will end.
My Key Levels:
Support: ₹1360/$704
Resistance: ₹2364
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