Get started
US Composite IndexUS Composite IndexUS Composite Index

US Composite Index

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals

IXIC trade ideas

The rotation from MegaCaps to SmallCaps is in FULL swing.Disclaimer: This chart shows how Non-Nasdaq100 Companies have fared vs Nasdaq100 Companies. I personally interpret this as the "SmallCap vs MegaCap Index". The recent days have been incredible. We're witnessing the probably strongest rotation from MegaCaps to SmallCaps the market has ever seen. 🙌 As some of you might now from my previous ideas - we've been in a bear market for a year , starting on February 11 2021: That bear market seems to be at an end now while the bear market for MegaCaps is just getting started 🐻. Trial number 3 seems to be successful - other's have miserably failed, like this one in August: While MegaCaps have tanked, normal stocks have rallied 🚀: Disclaimer: The chart you can see above is the Nasdaq Composite Index ( IXIQ ) cleaned of Nasdaq100 companies (to the best of my knowledge). It's definitely a good time to be out of ETF's and be in individual stocks that have reasonable valuations as compared to most US MegaCaps. As always, let me know your thoughts. 🤯
TVC:IXICLong
by The_Silen
Daily Market Update for 12/10Summary: Consumer Price data showed inflation at its highest in forty years, raising concerns that the Fed will be more hawkish in its March rate hike than previously thought. Treasury yields soared while equities pulled back. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Thursday, February 10, 2022 Facts: -2.10%, Volume lower, Closing Range: 17%, Body: 11% Red Good: Higher high Bad: Lower low, lower closing range, high volume on decline Highs/Lows: Higher high, Lower low Candle: Long upper wick over a thin red body Advance/Decline: 0.52, two declining stocks for every advancing stock Indexes: SPX (-1.81%), DJI (-1.47%), RUT (-1.55%), VIX (+19.79%) Sector List: Materials (XLB -0.58%) and Energy (XLE -0.62%) at the top. Technology (XLK -2.61%) and Real Estate (XLRE -2.85%) at the bottom. Expectation: Lower -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Consumer Price data showed inflation at its highest in forty years, raising concerns that the Fed will be more hawkish in its March rate hike than previously thought. Treasury yields soared while equities pulled back. The Nasdaq declined -1.81% for the day. The index rallied after opening lower, passed yesterday's high, but then sold off the rest of the day as investors turned bearish. That left behind a long upper wick and a small 11% red body. The low closing range was 17%. The decline came on higher volume than the previous day and represented two declining stocks for every advancing stock. The S&P 500 (SPX) dropped -1.81% led lower by big tech. The Russell 2000 (RUT) declined -by 1.55%. The Dow Jones Industrial Average (DJI) did a little better with a -1.55% decline. It was helped by the Materials sector early morning rally. The VIX Volatility Index rose by 19.68% All eleven S&P 500 (SPX) sectors declined. Materials (XLB -0.58%) and Energy (XLE -0.62%) both rallied in the morning, helping them top the sector list for the day. Technology (XLK -2.61%) and Real Estate (XLRE -2.85%) were the bottom two sectors. The Consumer Price Index (CPI) for January showed an increase of 7.5% year-over-year, the largest increase in forty years. The Core CPI, which excludes oil and gas, increase 6.0% year-over-year. Initial Jobless Claims were at 223,000. The Fed's priority of a strong labor market appears healthy, allowing it to take a more hawkish approach to control inflation. The US Dollar index (DXY) rose by +0.25%. The US 2y Treasury Yield rose over 16% and topped 1.6% after markets closed. The US 30y and 10y Treasury Yields also rose sharply, but the gap between long-term and short-term yields squeezed considerably. High Yield (HYG) and Investment Grade (LQD) Corporate Bond prices dropped sharply along with Treasury prices. Copper and Aluminum futures continue to rise. The put/call ratio (PCCE) rose to 0.708. That rise is less than one might expect given the conditions, but investors are likely betting on a brief CPI reaction and then rebound. The CNN Fear & Greed index is in the Fear range. The NAAIM money manager exposure index rose to 66.8 from 62.54 the previous week. The survey of money managers is conducted on Wednesdays after the market closes. All big six mega-caps declined today. Tesla (TSLA) had the worst decline, falling -by 2.95%. It was followed by Microsoft (MSFT) and Apple (AAPL) which fell -2.84% and -2.36%. Walt Disney topped the mega-cap list with a +3.35% gain. The company showed a great post-pandemic recovery in its earnings report released yesterday. The only other mega-cap to gain today was Coca-Cola (KO) which gained +0.54% after beating analyst expectations in a morning earnings report. Adobe (ADBE) was at the bottom of the mega-cap list with a -5.12% decline. DataDog (DDOG) smashed expectations in its earnings report and provided a great outlook. That sent the stock up nearly 20% intraday. It settled with a +12.28% gain to top the Daily Update Growth List. GrowGeneration (GRWG) was second in the list, gaining +5.67% on the passing of the Safe Banking Act in the House of Representatives which will benefit the cannabis industry. The bill passed thru the House six times but has yet to pass the Senate. DoorDash (DASH) was at the bottom of the Growth List with a -9.54% decline. As additional states pullback mask mandates and other pandemic measures, investors are expecting diners to return to restaurants. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead The Fed monetary Policy Report is due tomorrow morning. After the market opens, the Michigan Consumer Expectations and Consumer Sentiment numbers for February will be available. Do consumers see inflation easing or will they confirm fears of further price pressures? -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq opened lower, but then rallied until it hit resistance at 14,500 and fell back below the 21d EMA. I don't usually mention the 10d simple moving average, but it has provided support over the past six sessions. The index closed right above that line today. If the index returns to the longer trend, the five-day trend line, and the trend line from the low on 1/24, it would mean a +2.25% gain for Friday. The one-day trend line points to a -1.90% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up You can thank James Bullard of the St Louis Fed for today's reversal to the downside. The inflation data was enough to have markets open earlier, but Bullard's comments ended the morning rally. Bullard told the press that he would be open to additional rate hikes outside of regular meetings and wanted to see the rate at one percent by July. Ouch! We'll have to wait until tomorrow to see how the market further digests that fear. Based on the chart, the expectation is lower. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
Daily Market Update for 2/9Summary: Markets closed sharply higher on Wednesday, led by big tech and broad gains across almost all segments. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wednesday, February 9, 2022 Facts: +2.08%, Volume higher, Closing Range: 100%, Body: 76% Green Good: Closing range, high volume, advance/decline ratio Bad: Gap may need filled Highs/Lows: Higher high, Higher low Candle: Gap-up at open, small lower wick, no upper wick Advance/Decline: 2.18, more than two advancing stocks for every declining stock Indexes: SPX (+1.45%), DJI (+0.86%), RUT (+1.86%), VIX (-6.90%) Sector List: Communications (XLC +2.82%) and Real Estate (XLRE +2.42%) at the top. Utilities (XLU +0.44%) and Consumer Staples (XLP +0.03%) at the bottom. Expectation: Sideways or Higher -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Markets closed sharply higher on Wednesday, led by big tech and broad gains across almost all segments. The Nasdaq rose +2.08% after a gap-up at open. The strength of the move was supported by higher volume and broad gains across stocks in the index. More than two stocks advanced for every declining stock. A short dip after the open created a lower wick but did not close the gap from yesterday's high. The 76% green body and 100% closing range left behind no upper wick. The Russell 2000 (RUT) did very well for a third day, gaining +1.86%. The S&P 500 (SPX) rose +1.45%, helped by gains from all sectors. The Dow Jones Industrial Average (DJI) rose +0.86%. The VIX Volatility Index declined by -6.90%. All eleven S&P 500 sectors gained for the day. Communications (XLC +2.82%) and Real Estate (XLRE +2.42%) were the top sectors. Utilities (XLU +0.44%) and Consumer Staples (XLP +0.03%) were at the bottom. Crude Oil Inventories were lower than expected. The afternoon's 10y note auction showed strong demand, contributing to a dip in yields. The US Dollar index (DXY) declined -by 0.07%. The US 30y and 10y Treasury yields declined while the 2y Treasury yield rose. High Yield (HYG) Corporate Bond prices increased sharply. Investment Grade (LQD) Corporate Bond prices also rose. Timber, Copper, and Aluminum Futures all increased. The put/call ratio (PCCE) declined to 0.664. The CNN Fear & Greed index moved toward Neutral but remains in the Fear range. Of the big six mega-caps, only Amazon (AMZN) declined. The -0.14% pullback came after several days of gains and resistance at the 50d MA. Meta (FB) reversed from its post-earning losses, rising +5.37% today and helping the Communications sector outperform. Microsoft (MSFT) moved above its 21d EMA with a +2.18% advance today. Alphabet (GOOG) rose +1.57% to close back above its 50d MA. Nvidia (NVDA) topped the mega-cap list, gaining +6.36%. The company ended its pursuit toward acquiring ARM, stating regulatory hurdles as the reason. Exxon Mobil (XOM) was at the bottom of the list, declining -by 1.57%. All stocks in the Daily Update Growth List gained today. Enphase (ENPH) rose by +12.03% to top the list. The company beat on earnings and revenue and provided a strong outlook for this year. Zynga (ZNGA) was at the bottom of the list but still advanced by +0.33%. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead The most anticipated economic news this week comes in the morning. It is the Consumer Price Index data for January which will give a read on inflation. The numbers are due at 8:30a. At the same time, we will get the weekly Initial Jobless Claims data. The earnings season continues to outperform analyst expectations. Tomorrow will bring earnings from Coca-Cola (KO), PepsiCo (PEP), Unilever (UL), Datadog (DDOG), DexCom (DXCM), Cloudflare (NET), Twitter (TWTR), Zillow (Z), InMode (INMD), and UpWork (UPWK) among others. Check your portfolio for earnings events as the list is long. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The gap-up for the Nasdaq started above the 21d EMA and the index continued to rise before hitting the 14,500 support/resistance area. If the one-day trend continues, expect a +0.72% advance for Thursday. The five-day trend line and trend line from the 1/24 low point to a -0.32% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up We are getting the types of signal that we like to see before a strong uptrend, but much will depend on what the inflation data tells the market tomorrow morning. Today's broad gains on higher volume are constructive and represent investors' reactions over a stronger-than-expected earnings season. We may see a lateral move tomorrow or a dip to fill the gap created this morning. A more severe decline would come if inflation data surprises high. The expectation based on the chart is Sideways or Higher. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
$NASDAQ Composite recession targets $IXIC $NDX$NASDAQ Composite recession deep targets $IXIC $NDX More for my reference here since I’m going to clear out these lines so i can mark it up on a smaller scale for the near term - but if you find it useful it has some good potential targets. THIS is how far we’ve come from the mean… anything under 9885 would be true bear country. Yes, I trade one day at a time - and both ways - but truth be told, I think we slide into a recession quite effortlessly from here… —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I have a huge tolerance for volatility so please know that. If you’re new to my trade setups please try them on a small scale first. Then go in with a risk you’re comfortable with. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time) And most importantly… Have fun, y’all!! (\_/) ( •_•) / >🚀
NASDAQ:IXICShort
by SPYder_QQQueen_Trading
6
A comparison between IXIC and US10Y.Hello traders and investors! Let’s do a quick study on the IXIC. The index is having a hard time now that we hit our resistance and filled the gap at 14,387, and this is expected. This could trigger a pullback all the way down to the previous gap at 14,226, and the 21 ema area. Together, these supports form a dual-support level for the short-term. If we lose this dual-support level, the index could drop more, but so far, we have no bearish sign confirming this. It is important to watch the 10-year yields, as this might be an important catalyst for the next movements: To me, it seems it is doing a Double Bottom to fill the previous gap (yellow area), and this confirms the idea of a pullback in the short-term. However, when we look the daily/weekly charts, we see something interesting: The 10-yr yield is doing a Hanging Man candlestick pattern in the daily chart, just after it hit the resistance at the black line, seen in the weekly chart as a major resistance in 2019. If the yield is about to correct for the next few days, now is the best time in many years. This reading don’t affect the short-term reading, however, if the 10-yr yield triggers this Hanging Man, I’ll be convinced of a sharper pullback for the mid-term. The IXIC still could fill the previous gap, and trigger the pivot point at 14,504 in sequence, reversing the trend in the mid-term, potentially filling the gap at 14,855. To sum up, even considering a possible pullback in the short-term, the bullish thesis in the mid-term is still valid – until proven otherwise. Remember to follow me to keep in touch with my daily studies on stocks and indices! Have a good day.
TVC:IXIC
by Nathan_The_Finance_Hydra
Daily Market Update for 2/8Summary: Equity indexes were led higher by cyclical and tech sectors while small-caps outperformed for another day, providing the breadth needed for good structural gains. Treasury yields continued higher, reaching levels not seen since the pandemic began. Notes In yesterday's (Monday) update, I included Wednesday's set of Economic News and Earning Reports for "Looking Ahead". It was past midnight in the US and I didn't notice I was looking at the wrong day. Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Tuesday, February 8, 2022 Facts: +1.28%, Volume higher, Closing Range: 89%, Body: 72% Green Good: Closing range, high advance/decline line, volume slightly higher on gain Bad: Lower high, lower low Highs/Lows: Lower high, Lower low Candle: Mostly green body, with short upper and lower wicks Advance/Decline: 1.7, more than three advancing for every two declining stocks Indexes: SPX (+0.84%), DJI (+1.06%), RUT (+1.63%), VIX (-6.21%) Sector List: Materials (XLB +1.55%) and Consumer Discretionary (XLY +1.41%) at the top. Real Estate (XLRE -0.90%) and Energy (XLE -2.15%) at the bottom. Expectation: Sideways or Higher -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Equity indexes were led higher by cyclical and tech sectors while small-caps outperformed for another day, providing the breadth needed for good structural gains. Treasury yields continued higher, reaching levels not seen since the pandemic began. The Nasdaq rose +1.28%, lifted by big tech and small growth stocks alike. The morning saw a dip lower than the previous day's low, but the index recovered to close with an 89% closing range. The upper wick didn't quite set a higher high. The lower low and lower high are not great but are offset by the 72% green body, high closing range, and higher volume. There were also more than three advancing stocks for every two declining stocks. The Russell 2000 (RUT) outperformed the other indexes for a second day, advancing +1.63%. The Dow Jones Industrial Average (DJI) gained +1.06%. The S&P 500 (SPX) rose by +0.84%. The VIX Volatility Index receded by -6.21%. Eight of the eleven S&P 500 sectors gained, led by Materials (XLB +1.55%) and Consumer Discretionary (XLY +1.41%). At the bottom of the list were Real Estate (XLRE -0.90%) and Energy (XLE -2.15%). Although growth sectors did well, the Communications (XLC -0.04%) sector was weighed down by Meta (FB). Trade Balance data showed the US exporting more goods in December than expected. The US Dollar strengthened, with the index (DXY) climbing +0.22%. Treasury yields rose for the day and are now at pre-pandemic levels. Although yield levels are returning to pre-pandemic levels, the yield curve is still steep relative to just before the pandemic crash when it was nearly flat. Both the High Yield (HYG) and Investment Grade (LQD) Corporate Bond prices declined. Timber prices and Aluminum Futures are both up sharply today. Aluminum Futures are back to a multi-year high. The put/call ratio (PCCE) increased to 0.743. The CNN Fear & Greed index is in the Fear range. Of the big six mega-caps, only Meta (FB) declined, falling another -2.10% and weighing down the communications sector. Amazon (AMZN) continues to advance, gaining +2.20% today and closing just below its 50d MA. China helped send Alibaba (BABA) to the top of the mega-cap list. The company gained +6.17% after China state-related funds entered the market to provide support. At the bottom of the mega-cap list is Pfizer (PFE). Pfizer declined -by 2.84% after missing revenue estimates in its earnings release. Peloton topped the Daily Update Growth List for a second day, gaining +25.28% on top of the +20% gain on Monday. Peloton was followed in the list by several Chinese growth stocks. RobinHood (HOOD) was at the bottom of the list for a second day, declining -by 3.81% today. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead Crude Oil Inventories will be available after the market opens tomorrow. Two Fed officials (Bowman and Mester) speak in the morning. There is a 10-year note auction scheduled for the afternoon. Toyota (TM ), Walt Disney (DIS), CVS (CVS), GlaxoSmithKline (GSK), Uber (UBER), Honda (HMC), Yum! Brands (YUM), Twilio (TWLO), and Zynga (ZNGA) are some of the significant earnings reports for Wednesday. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq is nearing the 21d EMA again as it attempts to return to a longer-term upper trend. The one-day trend line and the trend line from the 1/24 low both point to a +1.26% gain for Wednesday. The five-day trend line points to a -1.46% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up Investor sentiment remains at a bearish level. The put/call ratio continues to show a high amount of put hedging. The ratio's multi-day average is at its highest since March 2020. The safe-haven demand component of the CNN Fear & Greed index is high. That means many investors have their money on the sidelines. That is confirmed by the low exposure index from the NAAIM money manager survey. So when things are this bearish, we're looking for turning points where investors might come rushing back into the market and give us another multi-week or even multi-month gain. The last three days including Friday, have shown some change in the market. The advance/decline line was above 1.0 all three days which means more stocks gaining than declining. Today, big tech joined the gains as well which helped the Nasdaq move up in addition to small-caps. And support from China state-related funds into Chinese equities also pulls some risk out of the market. There are no guarantees, but perhaps the market is ready for a solid period of gains, at least until the Fed acts in March. For tomorrow, the expectation is Sideways or Higher. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
Daily Market Update for 2/7Summary: Small-caps outperformed while Meta continued to weigh on major indexes, creating a volatile day for equities. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Monday, February 7, 2022 Facts: -0.58%, Volume higher, Closing Range: 16%, Body: 39% Red Good: Higher high, higher low, advance/decline line Bad: Decline on higher volume, closing range Highs/Lows: Higher high, Higher low Candle: Longer upper wick over a red body, low closing range Advance/Decline: 1.43, almost three advancing stocks for every two declining stocks Indexes: SPX (-0.37%), DJI (+0.00%), RUT (+0.51%), VIX (-1.55%) Sector List: Energy (XLE +1.28%) and Financials (XLF +0.30%) at the top. Technology (XLK -0.66%) and Communications (XLC -1.74%) at the bottom. Expectation: Sideways -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Small-caps outperformed while Meta continued to weigh on major indexes, creating a volatile day for equities. The Nasdaq was down -0.58% for the day. Volume was higher for the day. A rally in the first 20 minutes created a long upper wick and a higher high than the previous day. The rally faded and eventually the index sold into the close, creating a closing range of 16% under a 39% red body. Despite the decline with higher volume, there were almost three advancing stocks for every two declining stocks. The Russell 2000 (RUT) outperformed for the day as small-caps got some attention, lifting the index by +0.51%. The S&P 500 (SPX) declined -by 0.37% while the Dow Jones Industrial Average (DJI) ended the day flat. The VIX Volatility Index declined -by 1.51%. Five out of the eleven S&P 500 indexes advanced. Energy (XLE +1.28%) and Financials (XLF +0.30%) were the best two sectors. Technology (XLK -0.66%) and Communications (XLC -1.74%) were at the bottom of the list. The US Dollar index (DXY) declined -by 0.07%. US 30y and 10y Treasury yields rose while the 2y Treasury yield declined. High Yield (HYG) Corporate Bond prices declined. Investment Grade (LQD) Corporate bond prices increased. Crude Oil Futures finally declined a big after climbing sharply last week. Aluminum Futures hit a high for 2022. The put/call ratio (PCCE) declined to 0.729. The CNN Fear & Greed Index remains in the Fear range. Of the big six mega-caps, only Amazon (AMZN) ended the day in the positive, gaining +0.19%. Meta (FB) dragged the market down with a -5.14% decline. Alphabet (GOOGL) dropped back below its 50d MA with a -2.86% decline. Novo Nordisk (NVO) was the top-performing mega-cap for today. At the bottom of the mega-cap list was Alibaba (BABA), declining -by 6.05%. Peloton (PTON) topped the Daily Update Growth List with a +20.93% swing to the positive. Rumors emerged this weekend that several companies, including Amazon and Nike, were looking at a potential acquisition of the beaten-down company. The biggest loser in the Growth List was RobinHood (HOOD), dropping -by 8.37%. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead Crude Oil Inventories will be available after the market opens tomorrow. Two Fed officials (Bowman and Mester) speak in the morning. There is a 10-year note auction scheduled for the afternoon. Toyota (TM ), Walt Disney (DIS), CVS (CVS), GlaxoSmithKline (GSK), Uber (UBER), Honda (HMC), Yum! Brands (YUM), Twilio (TWLO), and Zynga (ZNGA) are some of the significant earnings reports for Tuesday. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The index whipped up and down today in a sideways move, ending with a sell-off at close for a decline. If the index returns to the trend line from the 1/24 low, that would mean a +2.56% gain for tomorrow. The one-day and five-day trend lines point to a -0.37% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up Investors can expect more twists and turns as the market rotates from one risk asset to the next, looking for returns while reducing exposure to Inflation and Interest rates. The expectation for tomorrow is Sideways. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
IXIC (NASDAQ) - January 28Hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (1M chart) It followed the uptrend line that started in March 2009 and then surged in March 2020. in 1M chart Resistance section: around 14448.58 Support section: around the 11167.50 point Roughly, if you do not find support in the 12700-13600 range, there is a possibility that it will fall near the 11167.50 point, so you need to trade cautiously. (1W chart) It turned into an uptrend in December 2018 and March 2020, touching the uptrend line. At this time, if you look at the movement of the CCI-RC index in the wRSI_SR index, you can roughly predict the current index movement. In the CCI-RC indicator, it can be seen that there is a high probability that the trend will change when the CCI line touches the 0 point. On the 1W chart Resistance section: around 14448.58 Support section: near the 12998.50 point (1D chart) (All: ) in 1D chart Resistance section: around 14448.58 Support section: 12998.50-13429.98 If you check the entire chart, you can see that the CC line is located in an important section of the current CCI-RC indicator. Therefore, it is important to be able to receive support in the support zone. If it declines from the support zone, it is expected to find primary support at the 12339.0 point. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
TVC:IXIC
by readCrypto
2
Daily Market Update for 2/4Summary: Amazon helped markets move higher on Friday, but some trepidation remained for investors who are worried about a hawkish Fed. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Friday, February 4, 2022 Facts: +1.58%, Volume lower, Closing Range: 66%, Body: 37% Green Good: Higher high, good closing range, advance/decline ratio Bad: Lower low, volume Highs/Lows: Higher high, Lower low Candle: Similar length upper and lower wicks with a medium-size green body Advance/Decline: 1.68, more than three advancing stocks for every two declining stocks Indexes: SPX (+0.52%), DJI (-0.06%), RUT (+0.57%), VIX (-4.68%) Sector List: Consumer Discretionary (XLY +2.84%) and Financials (XLF +1.70%) at the top. Real Estate (XRE -1.37%) and Materials (XLB -1.66%) at the bottom. Expectation: Sideways or Higher -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Amazon helped markets move higher on Friday, but some trepidation remained for investors who are worried about a hawkish Fed. The Nasdaq gained +1.58%. Volume was lower than the previous day. The candle has similar length upper and lower wicks with a 66% green body in the middle of the candle. The higher high is great and the closing range is good. However, the lower low in the morning was a surprise and a sell-off before close, creating the upper wick, shows nervous investors heading into a weekend. There were more than three advancing stocks for every two declining stocks. The S&P 500 (SPX) gained +0.52% and the Russell 2000 (RUT) advanced +0.57%. The Dow Jones Industrials Average (DJI), weighed down by large cyclicals, declined -by 0.06%. The VIX Volatility Index (VIX) remains elevated but declined by -4.68% today. Consumer Discretionary (XLY +2.84%) was the top sector for the day, led higher by Amazon. Financials (XLF +1.70%) was the next best sector, helped by rising yields on Treasuries. Real Estate (XRE -1.37%) and Materials (XLB -1.66%) were at the bottom of the sector list. The employment data released in the morning showed a robust labor market which is good for the economy, but bad for investors who see more reason for the Fed to be hawkish. Nonfarm Payrolls for January defied expectations by adding 467,000 jobs. Analysts expected a much lower number of 150,000 due to Omicron. Average Hourly Earnings increased 5.7% year-over-year, more than the expected 5.2% increase, signaling sticky inflation. The US Dollar strengthened for the first time in five days. The index (DXY) rose +0.13%. US 30y, 10y, and 2y Treasury Yields rose sharply on expectations of a more hawkish Fed. As yields rise, prices drop and Corporate Bond prices follow big moves in Treasuries. Both the High Yield (HYG) and Investment Grade (LQD) Corporate Bond prices were sharply lower for the day. Crude Oil Futures continue to soar higher, rising +3.93% today, likely due to both increased demand outlook and potential supply disruption from possible actions in Ukraine. The put/call ratio (PCCE) fell to 0.808. The CNN Fear & Greed index is in the Fear range. The NAAIM money manager exposure index showed an increase in exposure, rising to 62.54 from 53.39 the previous week. The exposure index is released on Wednesday nights, so does not reflect Thursday's market declines. Four of the big six mega-caps gained for the day. Amazon (AMZN) added $150 billion to its market cap, the largest rise in history on the day after Meta (FB) recorded the largest market cap loss in history. Amazon gained +13.54% after an exemplary fourth-quarter earnings report and 2022 outlook for the business. Tesla (TSLA) rose +3.61%. Microsoft (MSFT) hit resistance at its 21d EMA but closed with a +1.56% gain. Apple (AAPL) got support at its 50d MA but closed -0.29% lower. Amazon was the best mega-cap for the day. Bank of America (BAC) was second with a +3.98% gain, followed by Tesla. Novo Nordisk (NVO) was at the bottom of the mega-cap list with a -4.74% decline after missing analyst profit estimates. Snap (SNAP) topped the Daily Update Growth List with a whopping +58.82% gain after reporting huge user growth and ad sales. Pinterest (PINS) was third on the list, gaining +11.18%. The two smaller players put further pressure on Meta after the top social network blamed Apple and TikTok for declines in their business. D.R. Horton (DHI) was at the bottom of the list, falling -by 4.72% along with the Real Estate sector. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead It will be a quiet start to the week for economic news with no significant events planned for Monday. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq had an outside day today with the low and high both outside yesterday's low and high. It's representative of continued volatility in equity markets. If the one-day trend continues, that would follow the trend-line from the 1/24 low and mean a +2.27% gain on Monday. If the index follows the five-day trend, that would result in a -0.04% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up Investors are torn between an economy that's continuing to show strength and what that means for Fed action later this year. Will the Fed raise rates three times, four times, six times? Will the March rate hike by 0.25% or 0.50%? Estimates are all across the board among analysts. Those who believe inflation will begin to ease see a more dovish Fed and fewer rate hikes. Those who believe inflation will stay high expect a more hawkish Fed and higher rate hikes. The expectation for Monday is Sideways or Higher. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
Nasdaq (IXIC) | The best scenario for the fallHello traders, Nasdaq (IXIC) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In this index, the waves have ended in a higher stage than in other indicators and have started to correct in a higher stage. In this index, waves 1, 2 and 3 are over and correction for wave 4 has started. If we want to compare Wave 4 with Wave 2, we must say that Wave 4 will have a shallow correction, but its current structure is not like this and it gives the possibility of deepening. Wave 4 is likely to form in the form of a zigzag, and this zigzag will take a long time to complete like a flat. We are still inside wave a of this zigzag and we think that wave a will be completed on Fibo 0.38. Wave a consists of 3-wave microwaves, and from these microwaves is the last unfinished trend, the 5-wave, which probably descends after another sideways trend or directly. If the 14520 range is broken, it probably was not wave 3. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:IXICShort
by mahdisoltaninjad
Daily Market Update for 2/3Summary: Meta killed the rally. Perhaps Amazon can restart it. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Thursday, February 3, 2022 Facts: -3.74%, Volume lower, Closing Range: 7% (w/gap), Body: 47% Red Good: Stayed above 13,800. Lower volume despite gap-down at open. Bad: Failed intraday rally, low closing range Highs/Lows: Lower high, Lower low Candle: Gap-down at open, long upper wick over red body Advance/Decline: 0.32, three declining stocks for every advancing stock Indexes: SPX (-2.44%), DJI (-1.45%), RUT (-1.90%), VIX (+10.23%) Sector List: Consumer Staples (XLP +0.03%) and Health (XLV -0.43%) at the top. Consumer Discretionary (XLY -3.06%) and Communications (XLC -6.69%) at the bottom. Expectation: Lower -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Meta killed the rally. Perhaps Amazon can restart it. The Nasdaq closed down by -3.74% on Thursday, its worst decline since September 2020. After a gap-down at open, a rally attempt in the morning could close the gap, creating a long upper wick above a 47% red body as the rally turned into more losses. The closing range was 7% with the gap. The only potential positive is the lower volume. There were three declining stocks for every advancing stock. The S&P 500 (SPX) declined -by 2.44%, led lower by growth sectors. The Dow Jones Industrial Average (DJI) declined -by 1.45%. Small-caps didn't do too bad relatively speaking, with the Russell 2000 (RUT) down -1.90%. The VIX Volatility Index bounced up by -10.24%. Among the eleven S&P 500 sectors, only Consumer Staples (XLP +0.03%) held in the positive for the day. That was followed by Health (XLV -0.43%) as the next best sector. Consumer Discretionary (XLY -3.06%) and Communications (XLC -6.69%) were at the bottom of the sector list. Positive economic data wasn't enough to save sentiment. The weekly Initial Jobless Claims was lower than expected. There were 238,000 claims compared to the forecast of 245,000 claims. In a surprise for the labor market, Nonfarm Productivity for Q4 rose by 6.6% compared to the expected 3.2%. Unit Labor Costs for Q4 were expected to rise 1.5%, but increased by only 0.3%. Purchasing Managers Index data for the Non-Manufacturing / Services sector were both higher than forecasted. The indexes show the sector is improving, but not quite at the accelerated pace of previous months. The Bank of England followed through with an expected interest rate hike of 0.25%, bringing the interest rate to 0.50%. The US Dollar Index (DXY) continues to fall. It declined -by 0.67% today. US 30y, 10y, and 2y Treasury Yields all rose for the day. Both High Yield (HYG) and Investment Grade (LQD) Corporate Bond prices declined sharply. Silver and Gold declined. Crude Oil Futures moved ever higher. The put/call ratio rose to 0.955. The CNN Fear & Greed index moved further into the Fear range. The NAAIM money manager exposure index showed an increase in exposure, rising to 62.54 from 53.39 the previous week. The exposure index is released on Wednesday nights. All big six mega-caps declined. Meta (FB) led the way with a -26.39% decline, erasing more than $250 billion in market value and dropping below Tesla (TSLA) in market cap. Ouch. Amazon (AMZN) dropped -7.81% for the day, but is up nearly 15% in after-hours thanks to a great fourth-quarter earnings report. Microsoft (MSFT) dropped back below its 21d EMA with a -3.90% decline. Only a handful of mega-caps gained for the day. UnitedHealth (UNG) topped the list with a +1.87% gain. The health services provider is heading toward a new all-time high. Amazon and Facebook were at the bottom of the mega-cap list. In the Daily Update Growth List, only RobinHood (HOOD) and Alibaba (BABA) ended the day in the positive. They advanced +0.93% and +0.48% respectively. Helped to the bottom of the list by Facebook and the communications sector sell-off was Snap (SNAP). Snap declined -by 23.60% for the day. However, the company beat earnings expectations with 42% revenue growth and a first-time net profit. The company soared 60% in after-hours trading. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead More employment data will be available in the morning. Nonfarm Payrolls and the Unemployment Rate for January are the most significant of the metrics to be released before the market opens. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq fell back below the 21d EMA today and is approaching the 13,800 area which may turn to support. If the index rallies to return to the trend line from the 1.24 low, that would mean a +4.60% advance for Friday. The five-day trend line points to a +3.85%. If the one-day trend continues, that would mean a -1.44% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up Meta lost more than $250 billion of market cap in one day. That's the largest since Apple's huge loss in 2020. It was enough to have an impact across the entire communications sector and the entire market. Now we have earnings beats from Amazon, Snap, and Pinterest today. Is it enough to lift indexes back into the recent upward trend? Can we get a breadth of gains across the market on higher volume on Friday? That would help with investor sentiment heading into the weekend. The big six earnings are all out now. Five of the six mega-caps beat expectations. Four of the six provided positive surprises on guidance as well. Add to that numerous positive reports from the rest of the market, and corporate America appears to be very healthy. The labor data today is interesting. The slower increase in labor costs could help tame inflation in Q1. Add to that the typical slowdown in shipping which could alleviate high container costs and allow the whole system to unclog. We could start to see opinions change toward how hawkish the Fed will be this year. As for the chart, I don't count after-hours activity in expectations. So the expectation is still Lower for tomorrow, but we will likely get a surprise Higher. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
Daily Market Update for 2/2Summary: The rally in the Nasdaq slowed on Wednesday as investors took profits in some sectors while chasing a more select set of companies turning in great earnings this past two weeks. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wednesday, February 2, 2022 Facts: +0.50%, Volume lower, Closing Range: 64%, Body: 32% Red Good: Higher high, higher low, decent closing range Bad: Red body, lower volume gain, low advance/decline Highs/Lows: Higher high, Higher low Candle: Long lower wick under a thin red body Advance/Decline: 0.52, two declining stocks for every advancing stock Indexes: SPX (+0.94%), DJI (+0.63%), RUT (-1.03%), VIX (+0.59%) Sector List: Communications (XLC +2.00%) and Real Estate (XLRE +1.72%) at the top. Materials (XLB +0.31%) and Consumer Discretionary (XLY -0.60%) at the bottom. Expectation: Sideways -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview The rally in the Nasdaq slowed on Wednesday as investors took profits in some sectors while chasing a more select set of companies turning in great earnings this past two weeks. The Nasdaq gained +0.50% for the day. The index opened with a gap up but declined through the morning to create a long lower wick. The recovery in the afternoon left behind a 32% red body and a 64% closing range. Volume was lower than the previous day. There were two declining stocks for every advancing stock. The S&P 500 (SPX) advanced +0.94%, led higher by Alphabet's huge gain. The Dow Jones Industrial Average (DJI) climbed by +0.63%. The Russell 2000 (RUT) declined -by 1.03%. The VIX Volatility Index (VIX) rose by +0.59%. Communications (XLC +2.00%) and Real Estate (XLRE +1.72%) were the top two of the eleven S&P 500 sectors. Only one sector, Consumer Discretionary (XLY -0.60%) declined. ADP Nonfarm Employment Change for January showed a decline of 301,000 payrolls vs an expected increase of 207,000. The US Dollar Index (DXY) continued its fall, declining -by 0.29% today. Treasury Yields are relatively steady with small declines across the 30y, 10y, and 2y yield. High Yield (HYG) and Investment Grade (LQD) Corporate Bond prices increased. Crude Oil Futures continues to rise. Timber and Copper Futures are also on the rise while Aluminum Futures is falling. The put/call ratio (PCCE) increased to 0.751. The CNN Fear & Greed index remained in the Fear range. Four of the big six gained today. Alphabet (GOOG) was the big winner with a +7.52%. The stock was up over 10% intraday, setting a new all-time high but couldn't hold on for a record close. Microsoft (MSFT) rose +1.52% to close above its 21d EMA. Meta (FB) rose +1.25% but is down over 20% after hours, disappointing investors with missed earnings expectations. Google was at the top of the mega-cap list, followed by Qualcomm (QCOM) which rose +6.25% in anticipation of earnings which turned out great. Despite the great earnings, the stock is down after hours. Alibaba (BABA) is at the bottom of the mega-cap list. The stock remains volatile with a -3.41% decline today. There were only four stocks with gains in the Daily Update Growth List. Nvidia (NVDA) topped the list, gaining +2.45% today. At the bottom of the list was PayPal (PYPL) which declined -24.59 after missing most business metrics and lowering its outlook in its earnings call yesterday. That also brought down Block (SQ) by -10.63%. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead The weekly jobless claims will be available before the market opens tomorrow. We'll also have the Q4 Nonfarm Productivity and Unit Labor Costs data at the same time. After the market opens, we'll get Non-Manufacturing / Services Purchasing Managers Index data for January that shows if the sector is growing or shrinking in economic activity. Amazon (AMZN) will round out the big six earnings reports for this season. In addition, we'll get earnings for Eli Lilly (LLY), Merck (MRK), Shell (SHEL), Honeywell (HON), Ford Motor (F), Activision Blizzard (ATVI), Snap (SNAP), Unity Software (U), Pinterest (PINS), and Paylocity (PCTY). The list of reports for Thursday is long and these are just a few relevant to the Daily Update. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq closed just above the 21d EMA today. The index hit resistance at 14,500 after opening, slid through the morning but regained ground to close higher. If the index returns to the five-day trend line, that would mean a +2.48% advance for Thursday. The one-day trend line and trend line from the 1/24 low point to a +0.21% gain. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up Great earnings reports have helped the Nasdaq rally. However, the disappointment on Facebook earnings could derail things tomorrow. Overall, the earnings season is still strong, but the size of Facebook will influence the entire market, especially with a severe reaction to the miss. Based on the chart the expectation for tomorrow is Sideways, but a move Lower would not be a huge surprise. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
🎯 HISTORICAL EDGE - AWAITING PULLBACK 🔴👋 Hey team! Yesterday we saw interesting pattern forming. The NASDAQ Advancers have outnumbered the Decliners by at least 3:2 for 3 consecutive days in a row. 🏁We decided to backtest this strategy...as you know waaaaay back since 1999 ⬇️ ⬇️ ⬇️ RESULT ⬇️ ⬇️ ⬇️ Edge appears bearish🔴 . Nearly 57.3% we have had a down move in the SPX the next day. The times where we have followed this setup with an up day ☝️ produce about half the moves than the times we have followed this setup with a down day 👇 (aka LOSERS > WINNERS). Is this a trade idea? No What is it? A general historical view of how the markets will perform.So does the market so do the stocks in it. So our historical edge is leaning bearish. Hence, we ought to dial that in our position sizing. Do not forget 💰 cash is a position. You have been warned ⚠️
NASDAQ:IXICShort
by TintinTrading
2
Daily Market Update for 2/1Summary: Stock indexes rose along with optimism as corporate America continues to provide earnings beats and positive outlooks for 2022. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Tuesday, February 1, 2022 Facts: +0.75%, Volume lower, Closing Range: 96%, Body: 24% Green Good: Higher high and higher low, high closing range, advance/decline ratio Bad: Nothing Highs/Lows: Higher high, Higher low Candle: Long lower wick under a thin green body Advance/Decline: 2.76, Five advancing for every two declining stocks Indexes: SPX (+0.69%), DJI (+0.78%), RUT (+1.10%), VIX (-11.56%) Sector List: Energy (XLE +3.56%) and Materials (XLB +1.54%) at the top. Real Estate (XLRE -0.68%) and Utilities (XLU -1.33%) at the bottom. Expectation: Sideways or Higher -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Stock indexes rose along with optimism as corporate America continues to provide earnings beats and positive outlooks for 2022. The Nasdaq rose +0.75% for the day after dipping in the morning. Volume was lower than the previous day, but gaining stocks continued to outnumber declining stocks at a 5:2 ratio. The dip in the morning formed a long lower wick, but the index recovered to create a 24% green body and a 96% closing range. Small-caps outperformed today. The Russell 2000 (RUT) small-cap index rose +1.10%. The S&P 500 (SPX) advanced +0.69%. The Dow Jones Industrial Average climbed +0.78% higher. The VIX Volatility Index continues to recede, falling -11.52% today. Only three of the eleven S&P 500 sectors declined today, all defensive sectors. Energy (XLE +3.56%) led the sector list, having another record close. The sector was lifted by great earnings from Exxon Mobile (XOM). Materials (XLB +1.54%) was the second-best sector. Real Estate (XLRE -0.68%) and Utilities (XLU -1.33%) were at the bottom of the sector list. The ISM Manufacturing Purchasing Managers Index (PMI) for January was lower than the previous month but higher than the forecast. JOLTs Job Openings improved in December to 10.925m against an expected 10.3m. API Weekly Crude Oil Stock showed more demand than forecasted with supplies dipping to -1.645m vs the expectation of a 1.833m barrel surplus. The US Dollar Index (DXY) declined -by 0.39%. The US 30y and 10y Treasury Yields rose while the 2y Treasury Yield dropped. High Yield (HYG) Corporate Bond prices rose and Investment Grade (LQD) Corporate Bond prices decreased. Silver and Gold advanced, primarily on the weakening dollar. Crude Oil Futures are holding near recent highs. The put/call ratio declined to 0.738. The CNN Fear & Greed index remained in the Fear range. Three of the big six mega-caps gained. Alphabet (GOOGL) rose +1.73% ahead of earnings and closed above its 21d EMA. The stock was up 10% in after-hours thanks to an earnings beat and a positive outlook for 2022. Meta (FB) also closed above its 21d EMA, advancing +1.83% today. Microsoft (MSFT) closed just below its 21d EMA, declining -by 0.71%. United Parcel Service (UPS) was the top-performer in the mega-cap list, soaring +14.08% today on an earnings surprise, beating almost every business metric for the company and raising revenue guidance. Toyota Motor (TM ) was at the bottom of the mega-cap list, declining -by 1.02%. All but two stocks advanced in the Daily Update Growth List. Draft Kings (DKNG) topped the list, climbing +7.20% today. Etsy (ETSY) dropped -by 3.13%, ending up at the bottom of the list. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead There is an OPEC Meeting scheduled for the early morning. ADP Nonfarm Employment Change data will be available before the market opens. After the market opens, the Weekly Crude Oil Inventories will be released. Facebook (FB) will be the top earnings report for tomorrow, but there are many more. Alibaba (BABA), AbbVie (ABBV), Thermo Fisher (TMO), Novo Nordisk (NVO), Qualcomm (QCOM), T-Mobile (TMUS), Spotify (SPOT), and DR Horton (DHI) are some that stand out as notable for the Daily Market Update. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq is approaching the 21d EMA but remained below the line today. Trend lines are within a relatively tight range. If the one-day trend line continues, we can expect a +0.59% advance for Wednesday. The five-day trend line points to a -0.13% decline. The trend line from the 1/24 low ends with a -0.75% decline for Wednesday. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up This earnings season is showing that public companies continue to show earnings and revenue growth that beat expectations. More importantly, those companies are providing outlooks for 2022 that are higher than expected. The result is investors are seemingly putting aside fears over inflation and interest rate hikes by the Fed. We can still expect volatility as the Fed rolls out new monetary policy, but it appears there is still constructive growth that will happen in 2022. The expectation for tomorrow is Sideways or Higher. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
Daily Market Update for 1/31Summary: The market took a big step forward to end what was a difficult January. Investors poured back into equities after comments from the US Treasury's top economist that they see inflation easing in 2022. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. In the past, I focused on the largest four mega-caps. From today, I will start tracking the largest six mega-caps moving forward. These six companies represent nearly 25% of the S&P 500 so have an outsized influence on index performance. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Monday, January 31, 2022 Facts: +3.41%, Volume lower, Closing Range: 99%, Body: 90% Green Good: Great advance/decline ratio, gain on higher volume, closing range of 99% Bad: Nothing Highs/Lows: Higher high, Higher low Candle: Mostly green body with a tiny lower wick Advance/Decline: 4.53, more than four advancing stocks for every declining stock Indexes: SPX (+1.89%), DJI (+1.17%), RUT (+3.05%), VIX (-10.23%) Sector List: Consumer Discretionary (XLY +3.85%) and Technology (XLK +2.51%) at the top. Energy (XLE +0.44%) and Consumer Staples (XLP +0.38%) at the bottom. Expectation: Sideways or Higher -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview The market took a big step forward to end what was a difficult January. Investors poured back into equities after comments from the US Treasury's top economist that they see inflation easing in 2022. The Nasdaq rose +3.41% for the day. Volume was higher than the previous day and higher than the 50-day average volume. The candle has a tiny lower wick under a 90% green body. The 99% closing range left behind no upper wick. There was great breadth, with 4.5 stocks advancing for every stock that declined. Small-caps also performed well for the day, with the Russell 2000 (RUT) advancing +3.05%. The S&P 500 (SPX) climbed +1.89% while the Dow Jones Industrial Average (DJI) rose +1.17%. The VIX Volatility Index declined by -10.24%, but still remains elevated. All S&P 500 sectors advanced. Consumer Discretionary (XLY +3.85%) and Technology (XLK +2.51%) were the best-performing sectors. Energy (XLE +0.44%) and Consumer Staples (XLP +0.38%) were at the bottom of the list. The Chicago Purchasing Managers Index (PMI) showed a healthy manufacturing sector for January. The index rose to 65.2 from 64.3 the previous month. Analysts expected it to drop to 61.7. The US Dollar index (DXY) declined -by 0.59% after rising through most of January. US 30y, 10y and 2y Treasury yields all rose. Both High Yield (HYG) and Investment Grade (LQD) Corporate Bond prices improved. Silver declined while Gold advanced. Crude Oil Futures remains very high. The put/call ratio declined to 0.818. The CNN Fear & Greed index remained at the Fear level. All of the big six meg-caps advanced for the day. Tesla (TSLA) outperformed the group, advancing +10.68% as it rebounded off its 200d MA. Apple (AAPL) continued to rise above its 21d EMA and 50d MA, advancing +2.61%. Microsoft (MSFT) moved back above its 21d EMA with a +0.88% gain today. Amazon (AMZN), Alphabet (GOOGL) and Meta (FB) are all still trading below their 21d EMA and 50d MA. Tesla topped the full mega-cap list, followed by Alibaba (BABA) which gained +9.16%. Only five mega-caps declined with Pfizer (PFE) losing -3.02% to end up at the bottom of the list. The entire daily update growth list did very well today. The top gainers included Fiverr (FVRR) and NIO (NIO), both advancing over 17%. Even the bottom of the list had great advances. RH was the worst performer on the list but gained +2.78% today. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead We will get more manufacturing data after the market opens tomorrow. The ISM Manufacturing PMI is due at 10 am. At the same time, the JOLTs Job Openings report for December will be available. The jobs report could be skewed by the Omicron outbreak. The API Weekly Crude Oil Stock report is due in the afternoon. Alphabet (GOOGL) and Exxon Mobil (XOM) will be the top earnings reports to watch for tomorrow. Also on the long list of reports is PayPal (PYPL), United Parcel Service (UPS), AMD (AMD), Starbucks (SBUX) Chubb (CB), General Motors (GM), and Electronic Arts (EA). -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq made a big move back toward the 21d EMA. If the one-day trend line continues, the index could advance +1.29% on Tuesday and close back above the 21d EMA. If the index returns to the five-day trend line and trend line from the 1/24 low, that would mean a -2.00% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up It's likely we'll continue to get mixed signals about inflation. There is a supply-side and a demand-side to the story. And both have different data points that economists will continue to watch. They will then weigh those signals against predictions on the Fed's monetary policy. Demand was high in 2021 as consumers unleashed record savings and available credit into the economy, but is now starting to ease. That can be seen in the drop-off of retail sales in December. Supply has been hampered by issues that range from having enough workers to produce goods to having enough containers to ship goods across the world. As China goes into their New Year holiday, that should ease congestion for a time being and give a chance for some catch-up. So we actually could be on the cusp of easing inflation as the US Treasury predicts. If so, we can expect the Fed to restrain itself from raising interest rates too aggressively and that will ease fears among analysts and investors. Based on the chart, the expectation for tomorrow is Sideways or Higher. Possibly Sideways because of the huge move we saw today. Possibly Higher because of the momentum. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
Daily Market Update for 1/28Summary: We ended a volatile week with one more whipsaw day. Thankfully, this one whipped to the upside. It seems the strong earnings week finally lifted sentiment in the market, overcoming fears of inflation and geopolitical events. Will it stick? Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Friday, January 28, 2022 Facts: +3.13%, Volume lower, Closing Range: 100%, Body: 62% Green Good: Closing range, higher high, great breadth (a/d) Bad: Lower low, volume lower on gain Highs/Lows: Higher high, Lower low Candle: Long lower wick underneath thick green body, no upper wick Advance/Decline: 1.79, more than three advancing stocks for every two declining stocks Indexes: SPX (+2.43%), DJI (+1.65%), RUT (+1.93%), VIX (-9.28%) Sector List: Technology (XLK +4.37%) and Real Estate (XLRE +3.47%) at the top. Materials (XLB +0.58%) and Energy (XLE -0.42%) at the bottom. Expectation: Sideways or Higher -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview We ended a volatile week with one more whipsaw day. Thankfully, this one whipped to the upside. It seems the strong earnings week finally lifted sentiment in the market, overcoming fears of inflation and geopolitical events. Will it stick? The Nasdaq gained +3.13% by the end of the day. A dip in the morning created a long lower wick, but then the bulls came back in to end the day with gains. The 62% green body sits above the long lower wick. The 100% closing range leaves behind no upper wick. Volume was lower than the previous day. There were more than three advancing stocks for every two declining stocks. The S&P 500 (SPX) was the second-best index. Both the Nasdaq and S&P 500 were helped by Apple (AAPL) which crushed earnings estimates on Thursday evening. The Dow Jones Industrial Average (DJI) rose +1.65%. The Russell 2000 (RUT) climbed +1.93%. The VIX Volatility Index dropped back by -9.28% but remains elevated. Ten out of the eleven S&P 500 sectors gained for the day. Technology (XLK +4.37%) and Real Estate (XLRE +3.47%) were the top sectors. Materials (XLB +0.58%) and Energy (XLE -0.42%) were the bottom two sectors. Core PCE Price Index data was just slightly higher than forecast, coming in at 4.9% year-over-year. 4.8% was expected. Michigan Consumer Sentiment and Expectations were both lower than the forecast. The US Dollar index (DXY) was steady, rising just +0.01% today. US 30y, 10y, and 2y Treasury Yields all declined. High Yield (HYG) and Investment Grade (LQD) Corporate Bond prices rose. Silver and Gold continued to tumble, losing -1.34% and -0.34% today. The put/call ratio (PCCE) rose to 0.953. The CNN Fear & Greed index remained in Fear. The NAAIM money manager exposure index is at 53.39, down from 56.73 last week. All four largest mega-caps had significant gains. Apple (AAPL) soared +6.98% to close back above its 21d EMA and 50d MA lines. Microsoft (MSFT) climbed +2.81% to close just below its 21d EMA. Alphabet (GOOGL) gained +3.37% and closed just below its 200d MA. Amazon (AMZN) rose +3.11% but had more work to get back to moving averages. Visa (V) and Mastercard (M) were the top mega-caps for the day. Visa gained +1.60% while Mastercard advanced +9.12%. The stocks were lifted by Visa's earnings beat and optimistic outlook on travel spending. There was only one mega-cap in the list to decline. It was Chevron (CVX) which declined -by 3.52%, giving back some of the year-to-date gains. It had risen 16% since the new year. In a surprise reversal from overnight sentiment, Robinhood (HOOD) topped the Daily Update Growth List with a +9.65% advance. Robinhood sank in after-hours yesterday, disappointing investors with almost all of its business metrics. Only a handful of stocks on the list declined. Ehang Holdings (EH) was the biggest loser, dropping -6.51%. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead There is not much economic news for Monday. Several Asian markets will be closed on Monday for the New Year holidays. The Chicago Purchasing Managers Index data will be available Monday after the market opens. Next week will be another big week for earnings, including Alphabet (GOOGL), Meta (FB), and Amazon (AMZN). However, Monday doesn't have any earnings reports relevant to this update. Check your own portfolio for earnings events. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq was up and down today but ended the day with an afternoon rally. There seems to be a support/resistance area around 13,800 and the index closed just below that area. If the one-day trend continues, expect a +1.72% advance on Monday. The five-day trend line ends with a -1.21% decline. If the index is to return to the trend line from the 1/12 high, it would mean a -5.28% drop. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up The Nasdaq ended a wild week with a +0.01% gain. Not much, but still ends a four-week losing streak. It remains to be seen if this is just a pause before further declines or if the market is getting more support. Is the Fed going to simply take the foot off the gas that has been accelerating growth in the economy, or will it put on the brakes? That's the question large institutions need to answer for themselves. If it is the former, we'll see more support coming into the market with a few higher volume green days. Next, we will need to see investors that have taken profits and moved to the sidelines reengage. That will show up win breath thrust indicators. The most popular one, the Zweig Breadth Thrust indicator is on day one of ten today. The indicator rarely triggers, but if it did, it would provide new life to the bull market. The expectation for Monday is Sideways or Higher. If we get Lower, we can expect more volatility ahead. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
Do not fight the Fed Market is setting up to crashThere a millions of market viewpoints. The nice thing about tradingview is that for the most part the viewpoints are technical in nature. Put simply the technical viewpoint I want to show in the chart here is that the nasdaq composite is under heavy selling pressure. We had a rebound today January 10th, 2022, but it was nothing more than an intraday rebound. The weight of the evidence still points to down market and accelerating down. The narrative too often even from technicians is that the market will bounce, is due for a bounce, will bounce make a new high first, finds support etc etc. Well guess what, sometimes the market does not bounce that much or even find much support. Sometimes it falls really hard and *drops like a ROCK*. Sometimes it just goes down and *stays down*. Sometimes it will go down 5 limit down days in a row without barely a bid. So the chart pretty much says it all. If we view the peak in the Nas composite as November 22, 2021 then we count the number of days until we reach last support and then peak selling climax. The current nasdaq time frame is *barely* holding onto support. Today's one day reversal candle was not a victory, just an intermission. The key aspect of the overall chart is the *Final Rally* that occurred in December 20th, 2021 to December 28th 2021. That rally was a suckers rally and was orchestrated so that the big money can sell and sell really hard. That same final suckers rally also occurred in 1987. It gave the appearance to most market participants that the market was setting up for another new high, new bull trend, new rally and all is well. And yet those dreams were dashed, and then came the rapid bearish engulfing with a speed and force that most are not prepared for. The SPEED of the price action down is what causes most people to not be able to react quickly enough and get out in one piece. I certainly do not wish a decline as severe as 1987 but we just have to look at the technical price structure and make an honest assessment and take it from there....
TVC:IXICShort
by TomNewYork
5