Mid-Week Market Report: Post-FOMC Results, Forecast UPDATES!Wednesday, Sept. 18, 2024
This video will cover the updates to the Weekly Forecasts videos posted last Saturday.
With the Fed deciding to cut the rates 50 basis points, there was some volatility injected into the markets, resulting our targets being achieve!
Also, we will forecast the SP500, NAS100, DJI, GOLD, SILVER, US & uk OIL markets! So watxh until the end of the video!
If you like the video, leave a like/boost. I appreciate your comments, as well. I respond to all of my viewers.
May profits be upon you.
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RATS/USDT NEW INCREASE VOLUMERATS/USDT showing on the time frame interesting volume trend, we will follow up to see if its able to get a confirmation.
At this moment It's just a follow-up to see if it's able to target new confirmations and to keep a watch on it for the trend.
If the coin stays for a time stable or gets a new volume with time it could become interesting
Tailing with everyone from a buy retrace It’s still a sell but I agree that the retrace is going; since 92$ is now become useful major support from the neckline which is located inside the low 91$ .. luckily it holds but if it breaks it can collapse further.
Now for the retrace the correction part from where it’s at now ; meet 100$ area then lastly 111$ area but it’s possible can create a double or triple top in the 120$
Please be very careful it can reverse spike before we notice it off the bat. Safe trading while we are in the buy ; pay attention to the top meet the resistance.
FYI: be patient because it will be playing around with the Bollinger bands a bit
Swatch AG (UHR.vx) bullish scenario:The technical figure Falling Wedge can be found in the daily chart in the Swiss company The Swatch Group Ltd (UHR.vx). The Swatch Group Ltd is a Swiss manufacturer of watches and jewellery. The Swatch Group is the world's largest watch company and employs about 36,000 people in 50 countries. The group owns the Swatch product line and other brands, including Blancpain, Breguet, Certina, ETA, Glashütte Original, Hamilton, Harry Winston, Longines, Mido, Omega, Rado, and Tissot. The Falling Wedge broke through the resistance line on 21/04/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 9 days towards 312.60 CHF. According to experts, your stop-loss order should be placed at 285.60 CHF if you decide to enter this position.
The Swiss company said it expects record sales in 2023 boosted by the return of demand in China, Hong Kong and Macau, which was hit by the return of COVID-19 cases last year, and as Chinese tourists resume their travels.
"Group Management anticipates strong sales growth in 2023 in all regions and segments," Swatch said, noting that consumption had quickly recovered in Hong Kong and Macau as well as China after pandemic restrictions were lifted.
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TOP US-Stocks: WatchlistWatchlist Update
All stocks on our watchlists meet the hard selection criteria according to Mark Minervini's Trend-Template and William o' Neil's CAN SLIM methodology.
All stocks are in the process of developing a Perfect Buy Point and a low-risk entry, following a volatility contraction pattern.
Here is the link to the updated watchlist:
www.tradingview.com
US TOP-Stocks: Watchlist Oct 27General Market Update
Megacap Techs Sink Nasdaq On Mixed Day
Wednesday turned in one of the most lopsided performances among the major indexes in quite a while. X
The headlines-making Nasdaq composite index sank 2%, halting a three-day rally.
This index is market-cap weighted, put another way, what the 10 biggest companies do has tremendous sway every trading day over the premier index for growth companies.
The top three companies alone, including Microsoft (MSFT), which tanked 7.7% in massive turnover Wednesday, grab more than a quarter of the Nasdaq's valuation. Microsoft fell fiscal Q1 results that marked further deceleration.
Small and midcap stocks, meanwhile, also did better than the names that once were fondly known as the FAANG firms. The Russell 2000 rose almost 0.5%. SPDR S&P Mid Cap 400 closed nearly 0.3% higher.
Breadth turned out bullish on the session yesterday
On the Nasdaq, winning stocks outpaced losers by about 800 issues which is an overall bullish indication which may confirm a new uptrend being underway.
Updated Watchlist
All stocks on our watchlists meet the hard selection criteria according to Mark Minervini's Trend-Template and William o' Neil's CAN SLIM methodology.
Here is the link to the updated watchlist:
www.tradingview.com
$CINT is one to keep an eye on!It's forming a handle to its cup base and a breakout of this could prove to be massive.
One to keep on your watch list for sure!
As of March 7th, 2022:
* Sector: Technology - Software - Infrastructure
* Relative Strength vs. Sector: 2.0
* Relative Strength vs. SP500: 3.18
* U/D Ratio: 1.74
* Base Depth: 105.1%
* Volume 156.7% above its 15 day avg.
Trade Idea:
* Wait for the handle to finish forming and wait for a break above $18.64
$WELL is one to keep an eye on!* Good earnings in the recent quarters
* Very strong up trend on the monthly time frame
* Very high 3-month relative strength of 14.02 in the REIT - Healthcare Facilities sector
* Recently broke out of its all-time-highs from 2019 indicated by the red line at $84.63
* Retested previous all-time-highs as support for the past three weeks
* Volume Profile showing tonnes of volume coming in between $81.22 and $87.55 and the PoC (Point of Control) being just around the ATHs from 2019
* Also printed a Pocket Pivot signal today with high volume
Notes:
* If this does pull back, I would expect the $84.63 area to hold as support as it was the previous all-time-high and also it's the PoC for the volume profile.
Updated watchlist for the US marketHere is the link for our updated watchlist.
www.tradingview.com
All stocks on this list are meeting IBD's CAN SLIM- and Mark Minervini's SEPA selection criteria.
Only a short list for now - this also represents the difficult environment we are currently in - very frothy, high volatility, especially for growth stocks - elevated level of caution is advised!
DOGE, We keep it on watch and monitor the battle with resistanceIs Doge going to break out the down trend line? Lets keep it on watch!
As shown on the chart the short term down trend line prevented doge from progress 4 time which makes it a strong dynamic resistance. Also a strong static support around 0.16 is clear on the chart. This static support has moved doge up 3 times.
In case of down trend line break out first target would be around 0.45. I myself, based on character of current down going wave expect a more decline even down to mentioned static support but who knows? Considering the dominance of Bitcoin which is going to make a new ATH , we may see the down trend line break out sooner than expected!
Lets keep it in watch and choose the best entry point in appropriate time. Sometimes waiting is the best thing to do in the market!
Good luck my friends
SHIBarmy breaks 7000?! On the way to 8400!?? Then $0.0001The banksters on Wall Street must be going, 40% gain! HALT, HALT! LOL Meanwhile, worldwhile cryptopennyflippers are dog piling this crypto aiming to do a 1000X with their worthless FIAT pennies. They are so worthless, pennies are BANNED in my country. We need new Penny! Make SHIB the new penny and DOGE the new dollar! DONE! Bitcoin is for the ultra rich, nations, large corporate treasuries etc.
The people's coins are the loyal, trusted dogs led by mommy DogE led by DogEFather, "kid with the big rockets" SpaceX mission to the moon funded by DogE Shiba inu. Guarded against Wall Street with little SHIB that is running circles around the banksters and their puppets.
Own some Bitcoin, Ethereum, Dogecoin and Shiba ! Once Shima takes a breather, I'll take one as well from SHIB. In the meantime!
GO SHIBArmy to 8400, then preach the 9000 lines toward this next 24-48 touchdown at or near 0.001.
Enjoy the ride. Please get off at the top and if you don't, have some puke bags ready for the nice ride down. This one might be a screamer! LOL I might jump off a bit to get ear plugs! LOL
Update on SPYAs some may know, I have called out the start of this bear session based off of my indicators and I believe we have just received another notable bear signal that should be addressed
Before we get into my analysis I want to first state that I'm writing this on a Monday, therefore the weekly candle has yet to complete
Although this is the start of the week, our Red RSI has recently crossed below 50 indicating a potential move to the Orange/Aqua Lower Bollinger Band, but keep in mind our green EMA has crossed below 20, meaning exhaustion could occur
For the time being I like 420 as a price target since our Aqua Bollinger Band and a VWAP rest there
If we see our Blue LSMA cross below 50 then expect greater downfall
Only thing to do is watch for the green ema to cross back up to indicate a dip buy(greater confirmation if crosses red rsi)
I will try and keep you guys updated on if we will see greater downside or a dip buy
How I'm Looking at SPYANALYSIS
SPY initially signaled a buy the dip on my end but was quickly reversed as we seen the Green EMA line fail to cross the Blue LSMA(indicating more pressure). We then got a conventional sell signal indicated by the Green EMA line crossing below the Red RSI, but also closing like that which gives greater validity to the downside. If the Red RSI crosses below 20 we will continue to see downward pressure and the fact that the Blue LSMA is below 50 also indicates an expansion of the Bollinger bands(B Bands already seem decently expanded so we'll see what happens). My first target is the 438 VWAP support and if there is further bearishness then we may see a target of 434. Although I may be bearish on the daily time frame, I still think SPY is going to bounce in the longer term. And if we get that Green EMA to cross the Red RSI then we will once again be long.
Price Targets
- 1st 438
- 2nd 434
NEE PUT opportunityWe are seeing a text book setup of bearishness on NEE. Buying momentum has been decreasing, Willy oscillator indicating a sell, and while the weis wave also displaying a lack of buying volume showing a lack of interest towards the long side on NEE. We are seeing a Fibonacci cluster around 78-80 allowing for a safe exit on NEE puts.
Bearish Signals
-Squeeze indicator
-Willy Oscillator
-Weis Wave
Price Target
-78-80
AMD Potential PUTSAMD displayed a bearish squeeze via the momentum indicator, which leads me to be bearish on the stock but if this is a false signal then it wouldn't be the first time. On July 26 this stock displayed a bearish squeeze to be had, but reversed. I would personally exit positions and await for a reduction in selling momentum since we aren't seeing all the probabilities in our favor if we are choosing to go long.
Bearish Signals
-Squeeze indicator
-Willy Oscillator
How to Play AAPLPersonally I believe AAPL is in a conflicting state to hold plays in. My main concern regarding aapl is the amount of volume it is getting. The weis wave indicates that volume towards the bull and bear side are both low, meaning that we can't properly dictate where the stock has a greater chance of going. Not only have we been getting low volume, but we have been consolidating off of the 145 support and the 151 resistance. Consolidations tend to mean that a large move is in the making so I would personally wait for confirmation on whether or not to go on the long or short side. I believe we will see a bounce back to the 145 support and potentially a bounce back to the 151 resistance as we've seen for the past few days. Watch for breakouts.
AUDUSD WATCH ON DESCENDING CHANNEL!AUDUSD pair price is moving down in a descending channel . Now the price is testing a strong support zone coming from below. We may see the price moving higher again as after the retest of the support line it created a small pin bar candle. Actually, the price broke out of the Friday high and it is keeping the bullish momentum.
Long bias invalidated when price trading below 0.7120
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
▼TWTR Potential Buy▼TWTR has displayed notable bull signals such as reducing selling momentum, buy indication on the Cycle Willy, and a change in wave from the Weis wave. I believe this stock is setting up for a decent bull run, but I want greater confirmation on the daily time frame. All the bull signals I have just stated would increase the validity of the play if it was also on the daily. Watch this stock.
▼ Bullish Signals ▼
Squeeze Indicator
Cycle Willy
Weis Wave