0K4T trade ideas
Nasdaq and Bitcoin overlay
Nasdaq and BTC overlay.
What are we seeing here? Divergence between
two asset classes. (boxes) and between the
highlighted areas we see price action acting in
a similar way.
Is this money flowing out of one tech asset (BTC)
and into another(Nasdaq, or markets in general)?
Is money flowing out of BTC and pushing the Nasdaq
higher? Is BTC even big enough to do that?
Kind of makes sense. Tech supporting tech.
An interesting side note. The pattern seems to be
weakening with time.....
I am a novice and this idea is published to gather the thoughts
of those with more experience and
Tech Stocks - You got the curves ....Comparing these 4 major indices, you can see clearly that Nasdaq index is the one with the strongest retracement to date.
We can see the SPX500 , DJIA and Russell are showing signs of fatigue and probably the price action will consolidate for a while here before we see the next action.
If based purely on stock market being a leading indicator of the economy, then we can rationalise that the bull run remains intact. That means the other 3 indices must catch up with Nasdaq.
However, if we think that this is a merely a bear market rally albeit a fierce retracement, then it is a matter of time before the price tumbles down.
Review the 2008 chart and you will see that it has retraced by more than 60% before it tumbles down. We are only halfway there thus far (not saying it must reach 60% before coming down)
Another angle I was thinking many of the tech stocks like Apple, Facebook, Microsoft ,etc can easily have their employees work from home thus fulfilling the social distance measure and still get work done !
The small caps companies forming the Russell 2000 index may not have this luxury as they are more of manufacturing companies. They tend to be from traditional business and not the disruptive fintech type.
In weeks to come, when we look back at this chart, it would be more meaningful.
Nasdaq - Is it finally correcting?The minor support line which has seen the meteoric rise of the nasdaq since 2020, appears to be close to being broken.
The next major support line is some 39% lower than the current nasdaq price.
Will it reach this level, possibly not. However owners of stocks in the nasdaq should be wary that this drop could be possible and therefore I would not buy at this level and would consider reducing my position.
Nasdaq ShortDear 2022,.. be good to me I want to buy some stocks with cheaper price. Amen
Nasdaq seems broke its trendline, Take profit your stock will be a good choice,
resistant at 210 is good to be considered for your TP action for "a fake January effect". Bearish sentiment also considered (FED, etc)
Best entry point @125 seems to good to be true but time will answer
Nasdaq Evening Star? 🎄 I am curious of others thoughts on this monthly candle close.
Not only the Nasdaq but Spy, Dow all closed with bearish reversal candles after a frothy year and a month of mania and extremes. Large influx of retail traders as well.
Go back and look for monthly doji reversal candles that aren’t at a top. Perhaps it’s not the too but only a significant correction or a healthy pullback.
Haven’t seen any posts of this around curios on thoughts.
Reversing Bullish MACD. Flag signal breakout imminent.Inflation is very high, and the Federal Reserve is indicating a Hawkish stance over the coming year in regard to a reduction in bond purchases, and an increase in interest rates next year. This would indicate a slower moving market through 2021 into 2022, the reversal of a bullish trend pattern that we have seen since April of 2020. However, because inflation is so high, and federal money printing has diluted the M2 money supply, increasing the money printing rate at an unprecedented clip; pushing the prices of fixed assets up with it. fred.stlouisfed.org
Will this bullish trend over the last year fueled by cheap money, retail trading, stimulus checks, and government bond buying suddenly reverse at the signal of the beginning of withdrawal of support by the federal reserve? Or will it continue to push higher, fueled by inflation, setting the stage for a bear trap as prices reflect the scarcity of a sound store of value in an unprecented inflationary environment. I believe time will tell, but in the near term the break out to the upside, or the downside of the flag pattern will indicate the dominant trend for some time to come.
Additionally, the current environment of unprecedented technological shifts, coupled with and unprecedented amount of social restrictions create an uncertain environment int the foreseeable future. I am market neutral, meaning, I believe that the market is poised for long term growth, though will face challenges of the continuation of a global pandemic, its bureaucratic social reaction, the attendant supply constraints, and rapidly shifting and disruptive federal monetary policies.
Note: These ideas are my own, and are not intended to be financial advice. --
Time is Running Out - NASDAQ is a Time MachineOne Last Fake To the Top (If We're Lucky)
Then the Standard .50 Fibonacci Retracement for a Rising Wedge Break to the Downside
Could be as rapid and early as May 2022 or stretch to as late as December 2022 ( I think sooner than later...)
Back to the Future!
Retrospect is 2020...
Time is Running Out
