S&P500 Is Approaching the Daily TrendHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5940 zone, S&P500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5940 support and resistance area.
Trade safe, Joe.
Stocks
Nightly $SPX / $SPY Predictions for 12.16.2024🔮
📅Mon Dec 16
⏰9:45am
Flash Manufacturing PMI
📅Tue Dec 17
⏰8:30am
Retail Sales m/m
📅Wed Dec 18
⏰2:00pm
FOMC Statement
📅Thu Dec 19
⏰8:30am
Final GDP q/q
Unemployment Claims
📅Fri Dec 20
⏰8:30am
Core PCE Price Index m/m
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
S&P 500 Daily Chart Analysis For Week of Dec 13, 2024Technical Analysis and Outlook:
During the trading session this week, the S&P 500 index has exhibited a consistent steady to a lower trajectory, progressing towards our newly established support target of 6034. There remains the potential for a further decline to the subsequent Outer Index Dip level at 5980. Conversely, a notable upside movement via the previously retested Key Res 6090 level is anticipated, which may facilitate a rally to the Outer Index Rally target of 6123; this development will likely pave the way for the next phase of the bullish trend.
SWING IDEA - EXCEL INDUSTRIESExcel Industries , known for its expertise in manufacturing specialty chemicals, is setting up for a possible swing trade with supporting technicals.
Reasons are listed below :
Breaking out 1600 Zone : The price has tested this level multiple times and is now set to potentially break through, signaling strength.
Trendline Breakout : A breakout following a period of consolidation at the higher end of the trendline suggests momentum building.
Highest Weekly Close Since 2019 : The recent price action reflects significant bullishness, closing at levels not seen in years.
Intact Trend : The formation of higher highs and lows indicates that the bullish trend remains solid.
Trading Above 50 and 200 EMA : The price action above these key moving averages on the weekly timeframe points to continued positive sentiment and support.
Target - 1920 // 2130
Stoploss - weekly close below 1425
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@visionary.growth.insights
Nvidia - Launching The Final Bullrun!Nvidia ( NASDAQ:NVDA ) can still rally another +40%:
Click chart above to see the detailed analysis👆🏻
After rejecting the channel resistance in June, July and August of 2024 and correcting about -40%, buyers immediately stepped in and pushed Nvidia much higher. There is a quite high chance, that we will see a final blow off rally, squeezing out the last remaining bears.
Levels to watch: $200
Keep your long term vision,
Philip (BasicTrading)
Kotak Mahindra looking positive again. Kotak Mahindra Bank Ltd. Engages in the provision of commercial banking services. It operates through the following segments: Treasury, Balance Sheet Management Unit (BMU) and Corporate Centre; Retail Banking; Corporate or Wholesale Banking; Vehicle Financing, Other Lending Activities; Broking; Advisory and Transactional Services; Asset Management; Insurance and Other Banking Business.
Kotak Mahindra Bank Ltd. CMP 1805.65 is The positive aspects of the company are Attractive Valuation (P.E. = 16.2), Company with Zero Promoter Pledge, RSI indicating price strength, Increasing Revenue every Quarter for the past 8 Quarters and Effectively using its capital to generate profit. The Negative aspects of the company are Stocks Underperforming their Industry Price Change in the Quarter, Increase in Provisions in Recent Results.
Entry can be taken after closing above 1806 Targets in the stock will be 1831, 1855 and 1883. The long-term target in the stock will be 1917 and 1947. Stop loss in the stock should be maintained at Closing below 1749 or 1682 depending on your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
VST Industries looking Solid after consolidation post split.VST Industries Ltd. engages in the provision of manufacture and sale of cigarettes and unmanufactured tobacco. It operates through the Sales Within India and Outside India too. VST Industries Ltd. CMP is 360.70.
The positive aspects of the company are Company with No Debt, Company with Zero Promoter Pledge. The Negative aspects of the company are high Valuation (P.E. = 25.2), Stocks Underperforming their Industry Price Change in the Quarter, Companies with growing costs YoY for long term projects.
Entry can be taken after closing above 362 Targets in the stock will be 374, 386, 400, 414 and 431. The long-term target in the stock will be 455, 470 and 487. Stop loss in the stock should be maintained at Closing below 301 or 287 depending on your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
MSTR 4H: Potential Breakout from Descending TrendlineMicroStrategy (MSTR) has been forming a descending trendline resistance since its recent peak around 520. The price has been consolidating near the trendline convergence point, showing signs of a potential breakout. Current price action suggests accumulation with higher lows forming.
Key Levels:
Major resistance: Descending trendline (currently ~410)
Current price: ~400
Trade Setup:
Looking for a confirmed breakout above the descending trendline with increased volume. A successful breach could signal the end of the current corrective phase and potential trend reversal.
Risk Management:
Place stops below recent swing lows. Watch for false breakouts and monitor Bitcoin correlation as it significantly influences MSTR's price action.
Risk-On or Risk-Off? Stocks vs. Bonds Introduction:
With stocks reaching new all-time highs and market sentiment edging into euphoria, it's an opportune time to revisit a classic risk-on/risk-off indicator: the ratio between stocks AMEX:SPY and long-term bonds NASDAQ:TLT . This ratio provides a clear view of investor sentiment:
Risk-On: When SPY outperforms TLT, investors favor equities for their higher potential returns.
Risk-Off: When TLT outperforms SPY, it reflects rising risk aversion and a move toward safer assets like bonds.
Analysis:
Uptrend Intact: Currently, the SPY-to-TLT ratio remains in a clear uptrend, defined by a series of higher-highs and higher-lows. This sustained upward momentum signals continued confidence in equities.
Ascending Channel: The ratio is also rising within an ascending price channel, a bullish continuation pattern. As long as this structure holds, the market can be interpreted as firmly in risk-on mode.
What to Watch:
Channel Support: A breakdown below the channel’s lower boundary would be the first sign of caution.
Higher Highs: If the ratio continues to push upward, it would confirm further bullish sentiment in equities.
Conclusion:
The SPY-to-TLT ratio is a key barometer for risk appetite, and its sustained uptrend within the ascending channel is a clear signal of the market’s risk-on posture. As long as this trend holds, equities remain in a favorable position. However, traders should stay vigilant for any signs of a breakdown, which could hint at rising market caution. Are you aligned with this risk-on outlook, or do you see potential cracks forming? Share your thoughts below!
Charts: (Include charts showing the SPY-to-TLT ratio, the ascending price channel, and key trendlines for support and resistance)
Tags: #SPY #TLT #RiskOn #RiskOff #Stocks #Bonds #TechnicalAnalysis #MarketTrends
Cloudflare (NET) AnalysisCompany Overview:
Cloudflare NYSE:NET , a global leader in cybersecurity, content delivery networks (CDN), and edge computing, is well-positioned to capitalize on increasing digital transformation and growing demand for secure, efficient cloud infrastructure.
Key Growth Catalysts:
Strategic AI Partnerships 🤝
Cloudflare’s collaboration with Microsoft Azure enhances its AI infrastructure, fostering innovation and bolstering its competitive edge in enterprise cloud solutions.
Zero Trust Leadership in Cybersecurity 🔐
Cloudflare’s Zero Trust platform addresses growing enterprise needs amid rising cyber threats and increased remote work adoption.
Advanced threat intelligence and access controls make it a leader in next-gen cybersecurity solutions.
Edge Computing & IoT Opportunities 🌐
Edge computing solutions are experiencing strong adoption, fueled by:
Growing demand for 5G networks and the IoT revolution.
The edge computing market is projected to reach $87.3 billion by 2026.
Cloudflare’s focus on reducing latency and enhancing network efficiency positions it to capture market share.
Global Expansion & Untapped Markets 🌍
New data centers in underserved regions expand Cloudflare’s global reach, improving service delivery and unlocking revenue opportunities in untapped markets.
Investment Outlook:
Bullish Stance: We are bullish on NET above $90.00-$91.00, supported by strong positioning in AI, cybersecurity, and edge computing, coupled with robust global expansion strategies.
Upside Target: Our price target is **$145.00-$150.00
1st Empathy Strat Revised 12/12/24Last strategy for GBP/CAD:
CAD looks like a stable market to invest in due to the momentum gaining around the currency, the oversold levels and currently low declined volatility makes it perfect for significant inclines due to unstable bearish buying power. with a economic counter to GBP's interest rate decisions week of DEC 8, and the volatility gaining around the coin, plus the bearish sustaining momentum sell GBP buy Cad.
Strategy:
Final Tp = 2.5% Round 1.75745
SMA = 1.3% Avg SMA = 0.60% retracment = 0.35%/0.70%
12/11/24
Note
Strategy struggling pulled out of market readjusting to market situation
new revised Strategy 12/12/24:
since this strategy had a hard time on the decline after researching GBP market expect inclined push on fx securities due to lower prices in historical data of fx securities, plus the US PPI & natural gas fluke expect gas securities to fluke due to electric switch-over globally for sometime.
CAD tech tariffs will cause dollar volatility for now expect GBP to rally
Alibaba (BABA): Stimulus Hopes Fade, Correction Ahead?We secured solid profits on NYSE:BABA , with a significant rejection at the breakout gap. The stock is now under pressure, facing potential headwinds due to Donald Trump’s presidency and his proposed tariffs. While Chinese stocks surged recently, driven by Beijing’s increased rhetoric around stimulus ahead of a key policymakers’ meeting, the lack of any immediate announcements until March’s National People’s Congress may dampen sentiment.
Despite NYSE:BABA dropping pre-market and likely throughout the week, our strategy remains unchanged. With partial profits taken and the stop-loss at break-even, we are not exposed to unnecessary risk.
As long as NYSE:BABA continues trading above $82, the position remains stable unless major news changes the outlook.
Amd - Retest, Reversal And A +100% Rally!Amd ( NASDAQ:AMD ) will soon retest massive previous support:
Click chart above to see the detailed analysis👆🏻
After Amd perfectly retested the upper channel resistance about half a year ago, we saw a beautiful rejection and already a retest of the crucial horizontal support. Now, Amd is once again coming back to retest this support and another bullish reversal is extremely likely.
Levels to watch: $130, $260
Keep your long term vision,
Philip (BasicTrading)
NIO- showing signs of a potential bullish trend NIO Inc. is showing signs of a potential bullish trend in the short term, supported by both technical and fundamental factors:
Technical Perspective:
Strong Support Zone: The price is currently holding above a key support level near $4.50, previously marked as a "strong low," which indicates buyer interest in this zone.
Change of Character (CHoCH): Multiple CHoCH patterns visible on the chart suggest a potential reversal from the recent downtrend, pointing toward upward momentum.
Upside Target: The immediate resistance levels are between $5.00 and $5.50, which align with prior supply zones, presenting a potential target for bullish movement.
Fundamental Perspective:
Improving Sentiment: Recent developments in the EV industry, coupled with positive policy measures in China supporting the sector, could boost investor confidence in NIO.
Undervalued Price: Current levels suggest the stock is priced attractively, with the negative sentiment and earlier concerns appearing to be overdone, leaving room for recovery.
While the long-term trajectory depends on broader market conditions and company fundamentals, the short-term outlook points to a potential upward move toward $5.50.
Reliance Down but seems not out. Reliance is one of India's premier companies with a market cap currently at Rs.1710830.2 Crores. After the stock split the stock lost momentum and had been falling drastically. Right now it is belo Mother and Father line on daily charts. With profitability and EPS set to increase from 2025 onwards as per the last Speech of Mr.Mukesh Ambani Reliance still can to be ruled out as a long term pick and a portfolio stock.
Technically the stock is weak but as it is a Long term investment idea and Portfolio stock the levels at which it is trading are looking mouth-watering. Tracking quantity entry or X/3 entry levels are mentioned below for the stock.
There is a news today of Reliance entering a long term contract with Russia worth 13B a year at current prices. Along with this news Reliance is trading at a price of 1263. The near by support zones are at 1241 and 1218. Long term support is near the zone of 1150 to 1043. X/3 entry for educational purpose of tracking quantity of Reliance can be taken at current levels or if it falls further to 1241 or 1218 levels and bounces from there. (Entry on bounce not while it is falling). The second entry can be taken on bounce after closing above 1328. Final entry after closing above 1387 levels. Long term targets for Reliance will be 1442, 1530 and 1600+ levels. Stop loss can be maintained at a monthly closing below 1043 (It is very unlikely if it goes there).
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.