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SIZZLING-YINN-HANDLE!!!! There's been a global paradigm shift As Biden's re-election prospects diminish and recent events are raising concerns. While US and Europe valuations are within fair value range based on forward P/E ratios the tremendous laggard China has turned its corner in cracking the chip after Pres Xi spent about $2T equivalent in US dollar that is a lot but at least he accomplished what he intended when he came in office and announced the "common prosperity initiative" to solve demographic generational chasm from the one child policy before and thee are not enough producers to support the rest and to solve this make home affordable again as children live with their parents until age 55 on average and this is not ideal for starting a family they need their own home. Well fold housing down 95% mission accomplished lol Tech Sector crackdown and sanctions on top of a strong US dollar also beat down China tech index clubbed like a baby seal down 75% . many have contemplated is China investable. We ladies and gentlemen. Bottom Line = YES! .........PLAY BALL! Notice: Think for yourself before comparing your analysis. Past does not equal future, same goes with price discovery. Leverage ETF products have additional risks and design for short term trading and speculation and someone who has a system with automations and watching the Bloomberg. This is not intended to be a recommendation in absolute. If you do not fully understand please consult an advisor, make sure you have adequate cash reserve and can afford to lose as invest like this leverage 3x so that is a notional value of 300% of a potential 25%83=74% in one handle (move). Remember to cut your losses because it takes a 100% return to break even from a 50% loss. I would expect this trade to take 2 weeks to mature but could take a month and it may be down at first, but the paradigm has changed, and this is the trade for now.
AMEX:YINNLong
by CurrencyCapital
Big Tech is nearly at All time High's. Just 3% away!It has doubled since the peak Recession fears of 2021 #BTC has also more than doubled #SOL has 4 or 5 X'd This chart is combined price chart of #Googl #Appl #MSFT #Amzn #NVDA #NFLX #META U can see the two head and shoulder tops in 2021 and also the inverse head and shoulders in 2022 The clean break and run. And also the Bull Pennant which has already bullishly triggered 3 weeks ago. From these levels if that Bull pennant target is to be met (log scale) It seems this basket has another 30% move left in it.
NASDAQ:GOOGLLong
by BallaJi
2
Tech M : Updated Price Action- We posted the initial analysis of Tech M on March 5th, 2023 which can be accessed below. - Given that the price action changed with time, we decided to post the updated price action for the ease of our followers - The chart is pretty self-explanatory - The Price action is similar to that of NSE:WIPRO . The price consolidated for over a year and finally gave a good breakout. - Follow the comments below for regular updates on future price action 👇 - The Indian IT sector too is approaching its critical resistance for the third time. - Looks like we may see some good momentum in the IT Space. What do you think? - We appreciate your support! If you liked our analysis, Do give us a 🚀 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:TECHMLong
by TheChartereds
3
USNAS100 (Falling Pressure...)Technical Analysis The price dropped by approximately 1.30%, as mentioned in the previous analysis. Currently, the price will trade between 18,435 and 18,550 until a breakout occurs. Bearish Scenario: Stability below 18,435 will likely lead to a drop towards 18,250. Bullish Scenario: The price must break above 18,550 and stabilize to reach 18,650 and 18,735. The Nasdaq continues to experience bearish pressure. Pivot Line: 18500 Resistance Levels: 18650, 18735, 18820 Support Levels: 18340, 18250, 18110 Today's range is expected to be between the support at 18230 and the resistance at 18650. previous idea:
OANDA:NAS100USDShort
by SroshMayi
Nvidia Stock Surges After Exceeding Earnings Expectations Nvidia Shares Surge Over 6% in Premarket Trading Shares of Nvidia ( NASDAQ:NVDA ) rose more than 6% in premarket trading on Thursday following the company's impressive first-quarter results and CEO Jensen Huang's remarks about the soaring demand for its upcoming AI-optimized chip. Nvidia, a California-based semiconductor giant, has seen its data center graphics processing units (GPUs) become crucial to the development of generative AI products. As a result, Nvidia's performance is now viewed as a key indicator of AI demand and a significant influence on broader market sentiment. U.S. stock futures also climbed in response to the report. "The next industrial revolution has begun," Huang stated. "AI will bring significant productivity gains to nearly every industry, helping companies become more cost- and energy-efficient while expanding revenue opportunities." Nvidia Stock Surges After Exceeding Earnings Expectations Nvidia has exceeded market expectations with its April quarter results, solidifying its status as a crucial stock globally. CEO Jensen Huang highlighted the company's pivotal role in the evolving tech landscape, stating, "The next industrial revolution has begun. Companies and countries are partnering with Nvidia to shift traditional data centers to accelerated computing, creating AI factories to produce a new commodity: artificial intelligence." Nvidia's sales soared 262% in the first fiscal quarter to $26 billion, marking an 18% increase from the previous quarter. Earnings per share, excluding non-cash costs, reached $6.12, up 461% from the previous year and 19% from the prior quarter, surpassing Wall Street's estimates of $5.60 per share. Under generally accepted accounting principles, earnings were $5.98 per share. The company also provided robust guidance for the July quarter, projecting revenue of $28 billion, surpassing the average Wall Street forecast of $26.6 billion. Nvidia's dominance in the AI platform sector was underscored by a more than fivefold increase in sales to cloud-computing data centers, which totaled $22.6 billion or 87% of total revenue. Chief Financial Officer Colette Kress noted that large cloud providers were significant contributors, accounting for approximately 45% of all data center revenue in the quarter. Into the Omniverse: SoftServe and Continental Accelerate Digitalization with OpenUSD and Generative AI In response to the increasing demand for seamless and connected driving experiences, SoftServe, a leading IT consulting and digital services provider, has collaborated with Continental, a prominent German automotive technology company, to create the Industrial Co-Pilot. This virtual agent, powered by generative AI, helps engineers streamline maintenance workflows. SoftServe enhances manufacturers' operations, like those of Continental, by integrating the Universal Scene Description (OpenUSD) framework into virtual factory solutions. These solutions, including the Industrial Co-Pilot, are developed on the NVIDIA Omniverse platform, further optimizing efficiency and productivity. South Korea Unveils $19 Billion Package for Chip Industry South Korea has announced a 26 trillion won ($19.09 billion) package to bolster its semiconductor market. The initiative, revealed by President Yoon Suk Yeol during a meeting with government officials, includes a 17 trillion won investment plan through the Korea Development Bank for chip producers and suppliers to enhance semiconductor infrastructure. Despite the country's current 1% share in the global fabless industry—a term for semiconductor companies without production lines—President Yoon emphasized the strategic importance of this sector. "Semiconductors are a field where all-out national warfare is underway. Winning or losing depends on who can make cutting-edge semiconductors first," Yoon stated.
NASDAQ:NVDALong
by SroshMayi
Earnings Strength before Slight PullbackHello everyone, happy Monday. Here I am presenting my idea of a strong bullish continuation by NASDAQ:AMD going into tomorrow's earnings. Despite the already strong momentum upwards, I believe we see further buying action after tomorrow's earnings into the lower $200s along with strong buying action across broader tech in $PYTH:QQQ. I believe both these securities will top out short-term in the upcoming 4-6 weeks before a brief pullback to the $149 price point before a further continuation upwards. Position: Shares (added between 2018-2020); holding long-term. Please let me know your thoughts and feedback and happy trading!
NASDAQ:AMDLong
by jabs11
Are #Stocks expensive? No measured against M2 money supplyThe 2000 Top was still the "real" peak of the US stock market Built obviously on the expectation that the internet would change the world and teh global economy. This highlights how the market foresees the future and how market participants are forward looking. The #DownJones index is still 50% down form that peak on this chart you can multiple chart patterns tat have played out previously HVF's, double top, head & shoulder tops, and inv H&S bottoms currently in a 22 year continuation inv head and shoulders which is still in progress my stance is Top in April/May 24 .... downdraft into the election and a run up for 2/3 years into the Giga Uber TOP
FRED:WM2NSLong
by BallaJi
2
Apple sees drop in revenue and net incomeApple delivered its financial results for the second quarter of fiscal year 2024. According to the report, the company generated revenue worth $90.753 billion, down 4.3% YoY, and net income of $23.636 billion, representing a decrease of 2.16% YoY. Operating income amounted to $27.9 billion for the same period, falling 1.5% YoY. In addition to that, Apple announced the largest share buyback program in the company’s history, amounting to $110 billion. Net revenue = $90.7 billion (-4.3% YoY) vs. $94.8 billion in FY2Q23 Net income = $23.6 billion (-2.16% YoY) vs. $24.1 billion in FY2Q23 Operating income = $27.9 billion (-1.5% YoY) vs. $28.3 billion in FY2Q23 Earnings per share = $1.53 (0% YoY) vs. $1.53 in FY2Q23 Illustration 1.01 The illustration above shows Apple's price action in the aftermarket, with shares soaring more than 7%. Additional information Operating costs rose 5.2% YoY to $14.3 billion. iPhone sales fell 10.4% YoY. Mac sales increased nearly 4% YoY. iPad sales went down 16.6% YoY. Sales in the wearable, home, and accessories category dropped 9.6% YoY. Revenue from services grew by 14.1% The company’s liabilities declined by about 9.4% YoY. Apple increased its dividend to $0.25 per share. Forward guidance Apple did not provide any forward guidance. However, its CEO, Tim Cook, said the company plans to announce in regard to artificial intelligence. On top of that, he expressed optimism about the company’s operations in China. 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 or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:AAPL
by Tradersweekly
OP - Enjoy The Ride 🚗Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 OP has been overall bullish, trading within the rising broadening wedge pattern in red. Currently, OP is undergoing a correction phase and it is currently approaching the lower red trendline. Moreover, it is retesting a strong support zone marked in blue. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As #OP approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst