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$CLSK another cycle 👁‍🗨*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 purchased shares of digital mining bitcoin company CleanSpark $CLSK today at $7 per share. Our take profit is set at $12 Our entry: $7 Target: $12 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:CLSKLong
by SimplyShowMeTheMoney
8
1972-2022 Comparison of Nasdaq and GSPC Indexes.This chart shows the monthly Nasdaq and S and P 500 going back to the early 70's, a little after the Nasdaq index first started (which I believe was 1971). I should note that it's a monthly chart, again, so it's SMA's are monthly based, and I use logarithmic scale for long term charts. Log. is not really for short term so much. I like to look at very long term charts periodically, and freshly analyze them. I believe it's important to study longer time frames especially if you're a day trader like me. I get consumed by the short term movements, and believe you need a full history of anything to truly understand it. It's fairly easy to see that the Nasdaq moves further and faster than the GSPC. The Nasdaq has tripled the long performance of the GSPC since 1975, and when it corrects, expect that to be more pronounced as well. I like to look at Fibonacci Retracements simply because other people look at them, and they're probably programmed into the big quant trading companies algorithms as well. Almost everyone looks at Fib. retracements whether they admit it or not. Of course, you can't trade directly at these levels as if they are a "golden mean". In the stock market if you meet one person who trades off of some indicator, you can bet others do to, no matter how crazy you think it is. Even if you don't agree with it; the sum total of all points of view of those trading, equate to the current price. I know what I'm thinking, it's the average of everyone's thinking, that I can't figure out. Of course, something like 80 percent of the price action is said to be the result of automated, algorithmic trading. So, I'm taking classes on computer programming, algorithmic trading, data structures, etc. Which leads me into some notations I have on the chart. I have a big orange arrow pointing to October of 1987 when new computer trading systems got everyone in trouble. I've placed red arrows at points on the Rate of Change indicator where the ROC begins to diverge with price action. It isn't 100 percent, but if this divergence begins to occur be prepared for downside which could move extremely fast. We had a Rate of Change price divergence starting in 12/20/21 and look what's happened since then. Also the Rate of Change is moving down now, and it's very low already, about 20 below the Zero line. This indicator alone makes me believe that there will be more short side price action to come. The Nasdaq went from a low of 1265, roughly, in March of 2009 to a high of 16,212 in November of last year. That's not supposed to happen. There are people who are 31 years old right now, and there hasn't been a real bear market since they became legal adults. I generally live by not having a directional bias in the market, I just follow price action, and I don't believe much in holding positions overnight. I am just cautioning people who have a long bias after 13 years of a generally bullish market, that we have some very unique market condition coming into play, and learning a more price action based strategy, if they haven't is somewhat warranted. We have a few, MASSIVE, market caps holding indexes up which are skewing the outlook more positive than it should be. We have economic experts that are about 150 years old, and they've never seen anything like this. I loved the idea of Cryptocurrency, but I tend to agree with Buffet on that one. Crypto doesn't have value at it's core, it wasn't worth anything when the idea started. Normally, when a company goes public they have some core value. They produce something, or create a new technology that has value. I love that it trades 24/7 basically, I love that you can use it on the dark web, I love that politicians don't get rich from it, I loved that computer guys could make money mining it in the beginning. Soon you're going to need your own power plant and cpu company to mine it. I ramble too much maybe, without getting to the point. The point is from 2009 to our 2021 index high, the recent Nasdaq low was about a 35% retracement of that gain, and statistically that's just not enough given the decade long upside performance of it. We had a decade run that came close to the Nasdaq gains in the 90's tech bubble. The tech bubble was around 1500% in a decade, we were close to 1300% in a decade (those numbers are give or take a little obviously). The tech bubble bottom 34 months later with a 84% retracement of it's decade long gain. We're currently only 6 months away from our high in November, and only saw a roughly 35% retracement. No one knows what the market will do, but if you believe we've seen the bottom you have to explain away numbers like that. My friend thinks it's un-American to be short a position. Remember that these quant. trading companies have MIT students developing algorithms to beat you out of your money. Competition is the American way.
NASDAQ:IXICShort
by tmaloney1978
Nasdaq finds support on base lineA single line (the Ichimoku base line) on the QQQ monthly chart tells you a lot. It has held QQQ as support for over ten years. With the NDTH dipping to nearly 10 a few days ago, and with the SQQQ derivative markets reaching insanely overbought levels, all charts are confirming that a major bottom has just formed. If you're still short in QQQ or tech, you may want to start taking profit. There's little statistical probability that QQQ will drop much below this base line for the time being. Tech and growth stocks are largely inversely correlated to interest rates. With inflation expectations cooling and therefore the pressure to raise interest rates, tech and growth consequently will rebound. With this said there is a bear case to be made: the QQQ/SPY outperformance trendline is breaking down. Unless QQQ jumps rapidly, or SPY breaks down, before the close of the month, the steepest QQQ/SPY trendline will have been breached. Not financial advice.
NASDAQ:QQQ
by SpyMasterTrades
4
Bearish breakdown for MSFT on the Fibonacci Bollinger BandThe monthly chart for Microsoft (MSFT) shows a breakdown below the upper band (red line) of the Fibonacci Bollinger Bands (FBB) indicator. While it is likely that MSFT will bounce for the time being, as inflation worries cool and tech stocks attempt a rally, the upper band will likely act as resistance. If the price rebounds it might be hard to sustain a breakout above $300. While I like MSFT as much as anyone else, the charts do not lie. The chart is showing that there is a long-term mean reversion occurring in the price of MSFT. The white line is the standard deviation basis for the monthly chart which reflects the downside potential. It's quite steep and the yearly oscillators are saying MSFT is primed to correct down to this level. All of this will unfold slowly (months to years) and fakeouts might trap some bulls. Is your MSFT position prepared for a worst-case scenario reversion to the mean? Trade wisely. Not financial advice.
NASDAQ:MSFT
by SpyMasterTrades
3
$RBLX earnings today 👁‍🗨*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* Recap: My team purchased shares of online video game company Roblox Corp $RBLX at $30.72 on 5/5/22. Our first take profit was originally set at $43 per share. Today my team has averaged down on $RBLX at $22.25 per share. This brings our average down to $26.48. We do not think that $43 per share will be reached anytime soon, and so to be on the safe side we have established a new take profit at $32. This would be a 20.8% increase from our average. First entry: $30.72 2nd entry: $22.25 Take profit: $32 Earnings are to be reported today after hours. We aren't expecting much, but we are willing to hold this one out long-term until it reaches our take profit. Good luck to all today! If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:RBLXLong
by SimplyShowMeTheMoney
8
$SOFI earnings today 👁‍🗨*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* Recap: My team entered digital finance company Sofi Technologies $SOFI at $6.70 per share on 5/5/22. Our take profit was originally set at $10 per share. Today my team has averaged down on $SOFI at $4.87 per share. This brings our average down to $5.80. We still think that $10 can be reached but to be on the safe side we believe that establishing a take profit at $6.95 is ideal. This would be a 19% increase from our average. Earnings are expected to be reported today after market hours. We were considered adding a stop loss, but it has dropped so much that we believe that there is no longer any need. Ultimately, we are willing to hold this one out until it reaches our take profit. Good luck to all today! first entry: $6.70 2nd entry: $4.87 Take profit: $6.95 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:SOFILong
by SimplyShowMeTheMoney
2
Topped for next 2 yearsMany indications here that HP Inc. has topped throughout 2022. I expect the reaction to their upcoming earnings report on May 31st will be negative, whether or not they report decent earnings. Forward P/E will be revised downward. Technical Analysis from 2012 shows we have 3 major rallies. The length of price movement and time extended in each of these rallies are closely related to one another. This indicates correlation - meaning these are subwaves of a larger wave and are therefore connected and shaped by one another. A retracement back down to the .382 fib line is a minimum retracement which still indicates a -45% drop from current prices. Connecting the tops and bottoms forms a nice channel. We recently overshot the top of the channel and swung back down below indicating a rejection of further price increases. This "throw over" is a characteristic of end moves. RSI indicator shows major divergence between waves iii and v of wave 5. Also indicating a top. Currently HP Inc. is the highest valued tech stock in the computer hardware industry if you use a stock screener like Finviz.com. I found this very surprising. Again, earnings are on May 31st and the charts are foretelling a selloff. Currently many investors are hiding in tech stocks that they find "safe". So ask yourself, is it likely that HP will be selling more computers in 2023 than in 2021 and 2022?.. or is it more likely the opposite? When is the last time you looked into buying an HP computer or saw an office supplying their staff with HP? They have nothing that separates them from other computer hardware companies like Apple, Dell, Lenovo, Logitech, etc. Is there a bullish argument to be made? I am struggling to find one looking into a future of higher prices and lower consumer spending. Market Cap = 35.57B Income/Earnings = 6.52B Effective P/E ratio = 6.16 Forward P/E ratio = 7.90 (currently priced for increasing sales but should be revised downward soon as a result of inflation and future expected returns declining) *Not financial/investment advice, although I find this to be a very compelling case. I do currently own Put options on this stock. Trade at your own risk.
NYSE:HPQShort
by MonetaryRebel
1
Nasdaq Extremely OversoldThis is a side-by-side comparison of the Nasdaq daily chart from March 2009 with today (May 2022). The charts are looking very similar to one another. The heatmap on the daily chart has not been this cold since the bottom of the Great Recession. The daily plot is nearing a record low. While this daily chart cannot make long term predictions, it suggests that we are at a bottom right now and the Nasdaq is about to move back up for the coming weeks to months.
TVC:IXICLong
by SpyMasterTrades
apple - there will be a crashhi, dear folks, situation is getting more hot and hottest will be ... credit is very expensive and lot of "stars" are using this leverage, but it will be very expensive right now. apple is one of the examples of it, add that there is going to be recession do not buy deep, there will be second and third bottom apple is a example of very pump and pump stock and on the end dump ... all the world is buying this stock, it is not good ... it is indicator that spx - usa stock market is overvalued, there are too many players on one horse, what when all these rabbits want to escape from one trap? the price - 109 USD, then then 82 USD, wait and you will see very big deep ... remember that big players are waiting for extreme emotion like fear of players ... you know what happened with LUNA cryptocurrency, it can happen next on other stock market, look on upstar holding - it was also a wall street star ... from technical analyst - problem is that the chart went to much high, it was like a great peak, mountain, it must fell down, all indicators were red from being heated ... it had to fell look on Fibonacci - there are to many red candles, if you see such a big candle it must fall down, if you see 3 red candles it will disaster ... waiting for second and third deep ...
NASDAQ:AAPLShort
by WinterManOnTheSky
1
AMD Bullish outperform on the Horizon? Higher Actual Earnings?!?AMD has a History of outperforming Earnings Estimates. I believe this provides Stark Fundamentals, in order to support the TA Case for a reversal to the upside: > Q1 2021 18% higher than expected > Q2 2021 16% higher than expected > Q3 2021 9% higher than expected > Q4 2021 21% higher than expected With the above earnings in mind. The last 4 Quarterly reports provided an average of 16% out performance for Actual over Estimated earnings. I have become very Bullish on the Fundamentals of AMD. A company in which, I and other already consider to have stronger Financials that Nvidia. (Also bullish on NVIDIA - just more for AMD) Even with the "Ukrainian Heroic Freedom War" effect on the companies earnings, I would expect a slight out performance to repeat. >>I have all the earnings dates laid out with the Vertical lines<< Technical Analysis I believe that the Green Horizontal line, which has been substantial resistance, support, resistance and now Support. Will be the foundation for a reversal to the upside. The Tech Sector, more particularly AMD, is at one if not the most Oversold level(s) in the companies History. One must only look at the distance from the Moving Averages to see this. My Quantitative models have highlighted this as one the three most attractive equities at present on My Radar. >>Alongside Riot Blockchain and Netflix<< In my opinion, AMD is the most attractive from a combined Fundamentals and Technical Analysis Evaluation. Having DCA over yesterday and today into AMD. I believe a significant short to mid term rally to the $130 range is possible. > Supported by a bounce from the general market being oversold. > Tax season selling finished. > Rate hike news already over priced in the market. (Strong belief that most (not all) of the rate hikes are being used as a stick waved to slow the market and economy. Rather than a tool that will be used to brutally beat the economy into recession) > AMD being significantly more oversold than the greater market. > Long term pricing models, factoring earnings and industry growth would suggest a significantly higher price in the coming weeks/months. >>Finally, don't lever up and keep some dry powder always<< >>Keep the Long term in mind Chaps<< This is my own opinions, analysis and a trade I am currently undertaking in my portfolios. This is not Financial advice purely my own Analysis and Research. Will be sharing the TA modelled charts over the coming Days for those interested.
NASDAQ:AMDLong
by FortunaAlgoAnalytics
1
One of the Fastest Growing Companies in AdTechAfter a monster year of growth for Digital Turbine, analysts believe the expansion doesn't stop here. Over the next three years, analysts predict the company will continue to grow EPS at a ~ 45% CAGR while expanding revenue at an average ~ 28% CAGR. Although short-term liabilities outweigh short-term assets like cash and A/R due to acquisitions, it is predicted that the procurements of Fyber, AdColony, and Appreciate will help accelerate Digital Turbine's more prominent and profitable role in the fast-growing and secularly-thriving $200+ billion mobile ad/connected TV marketplace. As for the technicals, we're witnessing a similar setup as the '18-'19 bull run that $APPS experienced. Distribution breakdowns into a falling wedge until volume begins to pick back up (breakdowns are primarily due to the macro environment, not the company's fundamentals). I chose the fiscal Q4 2022 ER date as a rough estimate for when $APPS might break the downtrend. By no means has Digital Turbine reversed course fundamentally, and I'd like the next ER to confirm that. GLTA! (Disclaimer, I am long $APPS with both a long-term position and LEAPS call options).
NASDAQ:APPSLong
by ClargyInvesting
$RBLX buying the dip 👁‍🗨*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 purchased shares of online video game company Roblox Corp $RBLX at $30.72 today. Our first take profit is set at $43. OUR ENTRY: $30.72 TAKE PROFIT 1: $43 TAKE PROFIT 2: $50 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:RBLXLong
by SimplyShowMeTheMoney
4
$BTC chart update 5/1 👁‍🗨*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 Recap: My team entered a Bitcoin $BTC sell on 4/18/22 at $41000. Our take profit is set at $30000. If you want to see more, please like and follow us @SimplyShowMeTheMoney
BITSTAMP:BTCUSDShort
by SimplyShowMeTheMoney