Eclubtrading

Eclubtrading

Netflix is the first to kick off the April earnings season for big tech. The stock's price has been stuck in a 3 month channel between $330 and $410. Depending on the quarterly results, we expect a big move in the price. A break in either direction would be around $70. See how the street treats this first earnings report in order to get an idea of the overall...

Eclubtrading

After 2 down weeks, the $SPY is at an important inflection spot heading into the quarterly earnings for big tech companies. $436 needs to hold in order for this inverse head-and-shoulders pattern to develop. The neckline is at $450-55. In case such a pattern does materialize, the measured move would be to $480 in the coming months. A break below $435, and the...

Eclubtrading

The overall market had a poor weekly performance but managed to absorb a week of negative news. Higher inflation number, oil prices and the end of QE could not break key support levels. The bottom may be forming soon. Be greedy when others are fearful!

Eclubtrading

$AMZN announced last night a surprise 20-1 stock split effective at the beginning of June. The stock jumped 10% in after hours. In order to start an active sequence in needs to clear the recent downtrend around $3050-3080. Watch it today for overall sentiment in the tech sector. Will it follow in the footsteps of $TSLA,$AAPL and $NVDA, or will it find it harder to...

Eclubtrading

$TSLA chart - Great focus yesterday as it showed impressive relative strength from the opening bell. For today, $900-910 is the first resistance area. $860 is the active support.

Eclubtrading

$AMD chart - Impressive 3 day rally as it is approaching once again the 50SMA. A close above $125 opens the possibility for a re-test of $130 in the coming sessions. Difficult to add on Day 4 up!

Eclubtrading

The tech sector had an impressive 30 points move in the past 3 sessions. For today, see if the monthly inflows offer another leg higher, but make sure to trim into strength as this would be the 4th consecutive day up!

Eclubtrading

Bitcoin formed a similar pattern to the one from January. The symmetrical triangle resolved to the upside as was the case last month. The next resistance area is around $43000. We have already trimmed half on yesterday's move and continue to hold the rest for continuation.

Eclubtrading

The weekly chart of the $SPX points to a head-and-shoulders pattern which will take us another 20% lower if materialized. A lot will depend on the Ukrainian situation and the FED's reaction.

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$V has been battered and bruised recently. Friday’s engulfing candle makes us bullish for short to medium term. We are long the stock since 215 as it has space to 224 before meeting more resistance.

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The $XBI has been one of the worst performing ETFs this year as the biotech sector faced important headwinds coming from Washington. A cap on prices has been since dropped, which is extremely beneficial for the long term. In addition, from a historical perspective, November and December are this ETF’s strongest months. The candidates for the Ash conference of...

Eclubtrading

The tech sector exemplified by the $QQQ ETF has a decisive week ahead. With earnings from the major tech companies such as $AAPL, $AMD, $MSFT, $FB, $GOOGL, and $AMZN due in the next 4 sessions we expect an inflection point. If the tech companies deliver on their estimates and offer better than expected guidance, (or just guidance in $AAPL’s case) we expect the...

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$PYPL has been for sale in the past few sessions as it lost all momentum moving averages. The news of its intention to acquire the social media platform Pinterest disappointed investors. With $SNAP reporting disappointing results, it added fuel to the idea that this acquisition will not be beneficial long term. Buy-now-pay-later platforms such as $AFRM have dented...

Eclubtrading

We exited our Bitcoin exposure after the cryptocurrency lost its previous high at 65K. For now it is trading below the upper channel it has created in the past few months. The next support area is around 58K which coincides with its 21EMA. For better action, it needs to reclaim 63K in the following week. A new Bitcoin futures ETF will become available next week,...

Eclubtrading

$GOOGL entered an accelerated downtrend after $SNAP’s earnings. The social media companies are struggling to attract advertisers as $AAPL changed its policy in July. $GOOGL might be a huge beneficiary in the new post-Covid economy, as businesses reopened and had to advertise. If social media stocks are losing market share of the ad business, the logic is that the...

Eclubtrading

The cruise line with the best balance sheet has an interesting chart. As inflationary pressures affect the market we expect this sector to outperform the overall market for the next few months. If you are looking for some exposure, we strongly recommend $NCLH as it has the strongest fundamental basis. It trades chaotically so buying call options a few months out...

Eclubtrading

The $IWM has been stuck in a sideways channel for the past year. With inflation fears and a rotation out of big tech, see if this sector can finally lead the market as it has done in the past. A move above 227 in the coming sessions opens the possibility for a massive breakout above 234. Remember that the bigger the base the bigger the move. The measured move if...

Eclubtrading

$SQ is getting interesting once again after dropping hard from its all time high at 290. A move above 252 puts it back into play for a possible pre-earnings run. Keep it on your radar