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Microsoft - Slammed after the earnings report Prior to the beginning of the current earnings season, we warned investors that this would be a volatile period preceding the ECB and FED meetings, characterized by companies narrowly beating market expectations or failing to fulfill them. We also stated that this would enforce our thesis about the second stage of the bear market and progression deeper into the recession. It did not take long before earning season arrived, and companies started to prove our predictions true (Adidas, Alphabet, Mattel, etc.). Unfortunately, we expect this trend to continue in the next earning season; indeed, we believe it will be far worse than the current one. Yesterday, Microsoft announced its earnings for the third quarter of 2022, in which it reported an 11% increase in revenue and a 6% increase in operating income. Additionally, the company reported a 14% decrease in net income and a 13% decrease in diluted earnings per share. That subsequently led to a drop in the price of MSFT stock by more than 6.5% after hours. In our opinion, this merely highlights what we have been reiterating for a while. The market is in recession, and the recent bounce off the 2022 lows represents merely another bear market rally predestined to fall later. With that being said, we expect economic conditions to worsen next week with another FED rate hike. Illustration 1.01 Illustration 1.01 shows the daily chart of Microsoft stock. It can be seen closing at 250.66 USD yesterday; however, after the close and earnings report, it plunged more than 6.5% to 234 USD. This dramatic price action occurred despite Microsoft announcing an increase in revenue and operating expenses compared to the same period a year ago. Technical analysis - daily time frame RSI, MACD, and Stochastic are all bullish. DM+ and DM- are also bullish. Overall, the daily time frame is bullish; however, the data does not reflect the drop after earnings. Therefore, we expect the daily time frame to turn bearish today. Illustration 1.02 Illustration 1.02 displays the daily chart of MSFT stock and simple support/resistance levels. Technical analysis - weekly time frame RSI, MACD, and Stochastic are flattening, trying to reverse. DM+ and DM- are bearish. Overall, the weekly time frame remains bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:MSFTShort
by Tradersweekly
8
QQQ bounce off support of channel from 2009Here are the major channels that I am watching for QQQ. You can see that last week we had a strong bounce off the blue channel's support. The blue channel was formed off the low in 2008-2009 and the subsequent massive bull rally for the past 12 years. You can also see that QQQ lost the even stronger bull channel that started in 2016. The question now becomes if the lack of QE from the fed and continued interest rate hikes will cause QQQ to test or even fallen into the green channel formed after the dot com crash and the recovery up to the crash in 2008. You can see that in both 2018 and 2020 that QQQ did exactly that. We could also trend sideways for 2023 and test the blue channel then, which would be lower but not by much. Personally, I have started to be a bit more bullish and put a little money back in the market. This would be a good place to find support for QQQ. Looking at the 1 Week time scale, it is not clear that there is a lot of upside in the near future. As noted, we could still fall a lot, but you can't live in fear for ever. I don't think the economy is as bad as the media is making it out to be, but this may be a case of don't fight the fed on the way down.
NASDAQ:QQQ
by Dr_Roboto
$TECS a 50% gain? 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management My team entered $TECS today before market close at $39 per share in order to secure gains from the possible upcoming market downturn. Our portfolio as of 7/20/22: $TECS OUR ENTRY: $39 TAKE PROFIT: $58 STOP LOSS: $37
AMEX:TECSLong
by SimplyShowMeTheMoney
20
$MARA long entry 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* This afternoon my team purchased shares of digital mining bitcoin company Marathon digital $MARA at $10.75 per share. Our take profit is $24. We also have a stop loss at $9.75 This covers our crypto exposure for our portfolio which consists of the following stocks: $AERC, $MIRM, $BABA, $NIO, $TUP and now $MARA! We will likely be holding this bunch until our take profits are reached or the end of the year! Our Entry: $10.75 Take Profit: $24 Stop Loss: $9.75 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:MARALong
by SimplyShowMeTheMoney
Apple - Will next earnings reinforce the selling pressure?After the 242% run-up from its lows during the 2020 crash to its high in January 2022, Apple gave up almost 20% in regard to the current value. In addition to that, the introduction of the new iPhone 14 has not created much hype among consumers and market participants. Since the release of the new product, the price has continued to be choppy and seemingly returning to its 2022 lows. Because of that, we will continue to monitor the Apple stock in the coming weeks and provide a more detailed update on the price and its potential future direction. However, at the moment, we abstain from setting a price target for this stock title. Illustration 1.01 Illustration 1.01 displays the daily chart of Apple stock and two moving averages, 20-day SMA and 50-day SMA. In addition to that, two yellow arrows point to natural retracements toward the price's moving averages, acting as a correction of the downward move. If the price fails to break above the 20-day SMA and then subsequently above the 50-day SMA, then it will add to a bearish consensus. Illustration 1.02 The picture above shows the weekly chart of Apple stock and two simple moving averages; now, 20-week SMA and 50-week SMA. The yellow arrow pinpoints the similar retracement toward (and even above) these SMAs; in this particular example, the retracement represents a strong correction of the downtrend. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:AAPLShort
by Tradersweekly
21
Is #Bitcoin a leading asset?JC Parets is one of the few experts I follow closely. He's been saying that "cryptos are just riskier tech stocks" and I agree. Just look how NASDAQ:IXIC , AMEX:XLK and INDEX:BTCUSD have bevahed for the las 5 years. They are highly correlated, all have bottomed almost in tandem 3 times. But if you look in daily charts you'll see that Bitcoin actually bottoms a little bit earlier. Now look at the tops. See how while the Nasdaq and the Tech ETF keeps going up while BTC diverges. As a riskier asset BTC is sold earlier than stocks, but also is buyed earlier than stocks. At least that is what I see here. Bitcoin and Ethereum haven't made new lows while SP:SPX , NASDAQ:IXIC and DJ:DJA have. As JC Parets recently said, "Is Bitcoin finally going to decouple here, or is this just a temporary bout spurred on by unique conditions?" Lets see what happens.
BITSTAMP:BTCUSD
by dpuleo19
1
Apple in Historically Bullish Pattern for Bullish EOY RallyApple has been getting killed in recent trading days. Thursday going -5% and Friday -3%. In total, just this week Apple has declined roughly ten percent and evaporated roughly $200billion in value. Luckily, the selling is seemingly at its relative lowest as can be seen with the RSI divergence from its 50 day RSI to its 200 day. Shorter Duration RSI moving far ahead of the longer duration implies a very heavy move from the relative averages in recent trading days and suggests that sellers can be over-extended. This also leads us to the VIX which has greatly increased in value this week. Historically when the RSI divergence is to such a great depth with the VIX above thirty, this has led to significant gains in the following months (on average +40% in the following 6months.) From a fundemental perspective: Iphone 14 is sold out everywhere. I can't get my hands on one. BOFA citing weaker consumer demand doesn't respect the cult like nature of apple users. This is a buying opportunity in my book.
NASDAQ:AAPLLong
by zimeaBlue
1
$META - FACEBOOK - FALLING WEDGE - CAPITULATION where to next?Still on track. This chart has been the most requested in DMs for updates. I believe META will continue its growth in the future as the METAVERSE expands and come out as a front runner in 2023. For now we can see the declining selling volume. Clear as day capitulation marked on the charts. We will have it rough on the markets until the end of the year, I view this as huge OPPERTUNITY. NO FEAR! $Meta will reduce its workforce for the first time since 2004 and it slashed the budget for its team salary. Expanding their data center in UTAH. Switched up their marketplace (more profits from ads from car dealers). You can share NFTs on Facebook & Insta. New android Chromium-web view. New tools for creators. I did SLIGHTLY (like barley) pivot the lower trend on the falling wedge - with more data printing daily it was necessary and now the line has been tapped multiple times for confidence. Meta will be one of the top stocks ill be accumulating in my portfolio on the dips. This will be a long term hold for me, I will use options for day and swing trades. If you do choose options please keep in mind to buy extended time (although more pricey) this chop is algorithmically created to burn Theta out of contracts. (Full disclosure) If we do get a OCTOBER pump, not going to lie, I will probably sell out and buy the dip continuously afterwards. NOBODY can predict every top and bottom, this is why the DCA (Dollar Cross Averaging) Method is widely used to ride the waves. GOODLUCK traders!
NASDAQ:META
by ChaldeaCode
1
OH MY $SPY !! Here is my full analysis - Lots to Review!$SPY has me on the edge of my chair here on the weekly and boy is there lots to review.. Let's start with where we left off last time..  The INVERSE HEAD & SHOULDER is still in play, I know, I sound like a broken record, but it's true, not broken, and we closed the daily on the $390 support level to back up this theory. (Green Outline) represents a BROADENING DESCENDING WEDGE (Bullish) which has been respected since the beginning of the year in January. A bounce off $390 will send it upwards to a 3rd tap of the upper trendline and possibly break-through. A break through does not necessarily mean new ATH, OMG we broke through, "new all time highs" .. umm no sir .. this particular pattern could break-out and epically FAIL.. here is why.. (Purple Outline) is highlighting a RISING WEDGE (Overall Bearish) - should we hold the line here, at $390 on the weekly, this pattern will continue upwards to tap the upper trend for a 3rd time (generally followed by a heavy rejection - hence bearish), this compliments the INVERSE HEAD & SHOULDER mentioned above, but technically would end up failing as it nears the neckline aka top channel of the rising wedge.  But let's not lose sight so quickly, we still have to hold the line near $390 tomorrow in order for these patterns to play out without failure. I provided a chart earlier today from my phone of the current falling wedge on spy 15 min - 1 hour time frame so I am hopeful for a run up BUT if we break below -- there are many areas of support and plenty of gaps to fill and trades to be played. GAPS are marked in RED.  Good luck traders!
AMEX:SPY
by ChaldeaCode
8
Market update: megacaps stay down, metals hold up $qqq $slvMega caps make large percentages in the indices now a days. So if mega caps sell off, you better be certain the rest of the market is going with it. this 5% ish drop in nasdaq and tech related stocks places some of the megacap at significant levels. I hope they can hold their support, or else bad things happen. And doesnt it make sense that if inflation theme is sticking around, that the precious metals do their job and keep up with inflation? I mean what a battle between interest rates rising and overall money supply, am i right :D Come one people, silver for example is in the same price range it was 2008 and still is below all time highs from the 70s and 80s. Precious metals havent done anything in a decade. Either precious metals dont work as inflation hedges, or the party is just getting started. Ill have the answer in a decade, cuz thats how long it takes historically to find out, (not a joke). META SLV PLTM AAPL QQQ
NASDAQ:META
by optionfarmers
Apple AAPL - Looks Fine on the Outside, but Tastes WeirdAfter last year's massive heat damage to Canada's fruit crops , there were some cherries I bought at the farmer's market from British Columbia that looked totally fine by any reasonable inspection. Whether you squeezed it, touched it, looked at it, smelled it, or cut it open, everything appeared to be fine. But once you bit into it, it had this twisted, sour sort of taste with these fungal notes that was really not particularly pleasant. I've never experienced fruit with a characteristic like that, and made me not buy any this year. Apple AAPL's price action is very much analogous to last year's heat damaged fruit. What was Apple really doing over these last two months of going up in a straight line, and coming so close, yet so far, to making a new all time high? Apparently, it was merely filling the gap left behind from March and April when everything started dumping 20 or 30 percent. Note: the gap box was created based on daily candles, which likewise formed bodies which respected the space. Frankly speaking, this is anything but bullish. An expectation that Apple is going to turn around and break $180 during the next few months is curiously unrealistic and likely to be a leading cause of margin calls and liquidations. Even at prices as low as $152, Apple is still trading at a premium inside of this multi-month dealing range. So, if price action across indexes and markets really gives us the whipsaw effect I expect this week: SPX / ES - Bull Whips and Bear Saws Then Apple may very well give you a chance to fill in that August gap at $162. Many will see this as a buying opportunity, with the number $180 greedily illuminating their eyes. But the real numbers to keep an eye on is $149, and then $141, and then $133. Even if things aren't so bad for the bulls and there is no major market correction, one should really expect to see prices such as the above manifest before any further bull action, considering the fact Apple just went up in a straight line for two months with no challenge whatsoever. All of this means that, when looked at correctly, a revisitation of $162 gives a particularly pleasant short opportunity. And considering that Apple, which just keeps rehashing the same crappy phone with a really nice screen and the same super expensive desktop computer that runs OSX with a really nice monitor, more or less bolsters and drives the Nasdaq, and thereby all the languishing and floundering Big Tech meme stocks, life may not be so pleasant for those who have become fat and comfortable in the old paradigm. I've also forecasted that Tesla TSLA is also a legitimate canary in the coalmine, serving as a harbinger of the doom that lies ahead. Tesla TSLA - The Canary in the Coal Mine And that VIX is legit due to print a 72, just who knows when, exactly? VIX - 9x8 = 72 A question to bulls: why are you getting long on equities at high prices and refusing to sell at a profit when the world is in the shape it is in? Are you simply unwilling to let go of the delusion? Cash is King, and you at least need to hedge. Be careful. Gap downs today may become tomorrow's eternal losses.
NASDAQ:AAPL
by LordWrymouth
1
APPLE vs The Theory of Relativity My charting focus revolves around Elliot Waves with Fibonacci Relationship. We can clearly see a beautiful 5 wave impulse move from the low of 2019. This move should follow by a 3 wave correction of which we already have an ABC, the correction is good in price... but it's lacking in time. Too quick of a move down to correct a 3 year rise. Therefore I would expect another wave down to be in a form of a 5 wave impulse for C coming down to 50MA on monthly average, or in a form of a 3 wave move for a Y. The reason I mention the 50MA on a monthly timeframe (orange line for perspective on this daily chart) is because Apple has a tendency to retrace back to the 50MA every so often and hasn't done so in over 3 1/2, so I retest is coming due. A bounce or reversal in this area will be very likely. This is a bearish count; therefore would be invalidated if the dotted white line is broken to the upside. I lean bearish, supported by the overall outlook of indexes which I can see continue to the downside in months to come. The company can be great and it can make great products, but in the end... we all have to respect Gravity. Not a financial advice. Cheers,
NASDAQ:AAPLShort
by Elliot618
1
$nvda Capitulation? Last line of support! NVIDIA$NVDA is on its last leg of support, if it loses this area we are looking at $115 as the next support level HOWEVER, I'm spotting signals of capitulation as I highlighted in yellow - steep decline with elevated volume. In the past NVIDIA usually bounces after this type of price action and we have now touched the bottom of this descending supportive channel that its respected since last summer. Fear is looming. Are you buying this blood?
NASDAQ:NVDA
by ChaldeaCode
7
$MSFT - potential support in phase 4 $MSFT has been in selloff and it's been frequently discussed these days. If we break current level, there is not much demand down to $220 and $208, which would be about 36-40% down from ATH, respectively. I can see MSFT getting there if overall market is wacky. Chaikin Oscillator with Bollinger bands also generated sell signal on August 8th and since then it's been in an ugly downtrend. This also looks like a phase 4 - downtrend. I'll wait patiently and might start adding to my position around 220. Good old MSFT.
NASDAQ:MSFTShort
by Liathetrader