jfsrevg

jfsrevg

$VIX pivoting up from <21 low has been a strong sell signal for $SPY 2022 so far. we are now pivoting from the said level for the 7th time (2022) since 5th December. each down cycle last an average of 27.2 days before an upcycle takes place.

jfsrevg

$SPX last thursday rejection of mid-term DTL to be re-tested. note the breath of this 5 weeks rally has much skeptical net high/low picture than the month long rally in mid-july. right theme selection becomes more critical to grinding out +ve trading performance in this rally

jfsrevg

Bitcoin ($BTCUSD) price action remains subtle for another week with a +1.88% gain. $BTCUSD remains languishing at the $16,000 level as $3 billion escaped crypto exchanges in early November amid a bank run on fears of an FTX contagion. $BTCUSD daily action continue to morphed out a further Bearish Pennant pattern prompting the risk of a further accelerated sell...

jfsrevg

The tech-heavy $QQQ gained +0.74% for the week. Similar to $SPX, $QQQ rebounded via finding support on its rising 10-day moving average. The support level to watch for $QQQ this week is revised up to 274, undercutting its current rising 10/20-day moving averages. Bull Case: Reclaim above 293 the immediate classical resistance. Bear Case: Breakdown of 274 level,...

jfsrevg

$SPX regain its upward posture this week, bouncing off its rising 10-day moving average with a gain of+1.5% for the week. Aside from the seasonality factor, the upside bias was fueled by better than expected earnings reports from retail issues like Best Buy ($BBY) and Abercrombie & Fitch ($ANF), along with some names from the tech space like Analog Devices ($ADI)...

jfsrevg

$BTCUSD (Bitcoin / USD) – A True Breakdown, But More Weakness Ahead Bitcoin ($BTCUSD) parred losses from the earlier week with a subtle +1.45% gain. $BTCUSD remains languishing at the $16,000 level as $3 billion escaped crypto exchanges in early November amid a bank run on fears of an FTX contagion. $BTCUSD daily action continue to morphed out a further Bearish...

jfsrevg

Tech and growth names have been hard hit since the start of 2022 by a rapid rise in Treasury yields on the back of expectations that the Fed will hike interest rates aggressively to combat high inflation as higher rates can hurt their companies with high valuations based on the prospect of future profits. The tech-heavy $QQQ came down lower with a loss of -1.09%,...

jfsrevg

$SPX pulled back -0.69% this week after getting rejected by the highlighted trendline resistance. At the current juncture, $SPX remains above its rising 10/20-day moving average as it remains inside the month long uptrend channel, below its medium term downtrend line. The resistance to reclaim for further positivity in the market is at 4,080, the current...

jfsrevg

$NINE have such as impeccable and clean rally above its 10MA (+320% rally in a mere 7 weeks), turning up ahead of $SPX 13/10 YTD bottom since 29/9 intraday +10% closed. clean and healthy numbers on ESV Dashboard. U/D Vol Ratio at 2.4 is nearly unheard of in this environment

jfsrevg

Bitcoin ($BTCUSD) tumbled -21.99% on its highest weekly volume since June 2022, affirming my bearish case of its price and volume contraction on weekly chart over the past five months. $BTCUSD remains languishing at the $16,000 level as $3 billion escaped crypto exchanges last week amid a bank run on fears of an FTX contagion. The latest $BTCUSD daily action...

jfsrevg

The tech-heavy $QQQ surged 8.84% last week, compared with the S&P 500's 5.9% in its sharpest weekly rally of the year. This welcome inflation news, combined with a huge drop in the dollar and market rates, launched an epic rally. The $QQQ for its part soared 7.4% on Thursday alone, reclaiming its 10,20 & 50-day moving averages within the single session. Many of...

jfsrevg

$SPX staged an aggressive rally of +6.16% after better-than expected CPI data, rebounding off its 10/20-day moving average, The huge gains were a manifestation of pent-up hope that inflation has peaked and that the ultra-aggressive nature of the Fed's policy approach has also peaked. Briefly, total CPI increased 0.4% month-over-month in October while core-CPI,...

jfsrevg

$CPNG have been stalking this for several weeks. bottomed and RS since May. remains in consolidated range for over past 3 months yet recapturing all over its key moving averages. leadership price action over its industry peers $BABA, $AMZN, $SE a decent setup on the weekly

jfsrevg

$SPX posted its second consecutive week of gain (+3.95%), reclaiming its 50-day moving average (declining) during the week. $SPX is currently 5.6% away from recapturing its 200-day moving average. There is a growing belief among market participants that the Fed will soften its approach after the November meeting. The policy move from the Bank of Canada this week...

jfsrevg

$BTCUSD (Bitcoin / USD) – Price and Volume Contraction On Weekly Chart Continue to Reflect Bearishness Bitcoin ($BTCUSD) posted a substantial gain of of +5.38% for the week, successfully reclaiming three of its key moving averages during week (10, 20, and 50-day moving averages). $BTCUSD’s Bearish Pennant pattern is violated but with price consolidation and...

jfsrevg

$RUN - Technology | Solar broke out of a descending wedge during its most recent earnings report (QoQ growth in EPS and Sales) on high volume. the past days of resilience in its price action tells alot of its strength in this market. already at RS high before price

jfsrevg

$FOUR - Tech | Software - Infrastructure after a stellar earnings report on 4/8, it is coming off a base that is supported from all time low ($30) to rising 10/20 MAs. latest close have reclaim its 200MA with a HTF setup. $50 clean pivot for BO

jfsrevg

$PDD - Consumer Cyclical | Internet Retail | China not a fan of trading china companies but the setup with its high ADR% and RS looks ripped for a BO to 52-weeks high