Nasdaq Reasserts Itself vs. the Russell 2000One common pattern this year has been sporadic rallies in the Russell 2000 , followed by longer periods of malaise. We saw it in June, early August and again in the last 1-2 weeks. Each time, it’s been followed by a shift back to Big Tech, Growth and the Nasdaq-100.
The same process seems to be happening right now. This chart shows our Smart Relative Strength indicator, comparing the Nasdaq-100 to the S&P 500 with a 21-day interval. Notice how it started turning positive last week and has continued since.
There are some other bullish signs for the Nasdaq. One is the bounce around 10,800. This was an important consolidation zone in July following a large engulfing candle.
Another potentially bullish sign is the way prices snapped back above the 50-day simple moving average (SMA) on September 28. It’s held that line since amid some retests below. NDX also held the 21-day exponential moving average (EMA).
Finally, MACD is now rising.
The Nasdaq didn’t have a lot of catalysts in September, and its heavy price action reflected that. Now with Apple ’s product launch and Amazon Prime Day tomorrow, price action is starting to perk up.
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5g
Looking for a long term hold? FIVG*This is a safe play no matter how you look at it, as long as you are willing to let it run its course as 5G gets bigger.
*NOT A DAY TRADE PLAY*
*STEADY LONG TERM*
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T-Mobile Attempts a BreakoutT-Mobile US has chopped sideways after gapping higher. Now it may be ready to break out.
TMUS jumped to $115 for the first time ever on August 7 after its quarterly results. The shares inched slightly higher by early September before pulling back with the rest of the market.
This consolidation now resembles a bullish flag or high basing pattern. TMUS has recently pushed against the same downward-sloping trendline that held it in check during this period. The mobile-phone stock closed above it yesterday, creating the potential for a bullish breakout.
To the downside are two potential sources of support. One’s the 50-day simple moving average (SMA). Another is the $108 area. Notice how TMUS double-bottomed there on September 18 and 24. That was also near its pre-gap price zone.
Fundamentally, TMUS is now a synergy/integration story. If it successfully digests Sprint, investors could view it as an inexpensive growth stock.
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A MARVELL-OUS Setup in MRVLGet ready for Captain MRVL (Marvell Technology Group) to power your 5G future. With the launch of their OCTEON 5G infrastructure processors and already in production to deliver to the top 5G infrastructure providers globally, MRVL is set to fly.
Check out the breakout from the All-Time High (ATH) with volume. The BULLS are in on this one, are you?!
This is a developing story...
XOX: Wildcard for 5GShareholders are keep raising their stakes and these are in August ALONE! Something is really brewing!
12 Aug 2020 - 3,000,000 (MR TAM PING KUEN, DANIEL)
12 Aug 2020 - 3,000,000 (DATUK CHAI WOON CHET)
11 Aug 2020 - 10,000,000 (MR TAM PING KUEN, DANIEL)
10 Aug 2020 - 7,000,000 (DATUK CHAI WOON CHET)
07 Aug 2020 - 4,100,000 (DATUK CHAI WOON CHET)
07 Aug 2020 - 30,000,000(MR TAM PING KUEN, DANIEL)
XOX is partnering with Jiangsu Sulian Asset Management Co Ltd to explore regional 5G network deployment. Succeeding in this, it will definitely push the price even further plus Malaysian's Government is also keen on developing 5G.
Technically, XOX strong Resistance area currently at 0.315-0.320. Succeeding in breaking that area, next couple of Resistances are 0.345 and 0.395. Support is observed at 0.265.
Silver on its way back up (cont.)Silver’s larger overall Elliot impulse wave started in mid-March, and I believe we just completed wave 4’s correction. This overall trend is noted by the blue Elliot impulse wave in the chart. I took a guess and put the end of this impulse at $33.54. It just seems like the support and resistance levels line up well here when considering the chart dating back to mid-March, and so does the 2.618 Fibonacci extension level of more recent patterns. This is purely a guess though, I have no way of knowing where wave 5 will end up.
Within the overall pattern are smaller fractals of Elliot waves that I have labeled yellow for impulse waves and white for correction waves. I have June 15 as the date that the most recent 12345 Elliot impulse wave started and the Aug 6-7 peak as the top of wave 5. It looks like wave C of the correction just bottomed out, and the silver is climbing back upwards. This is between the 38.2% and 50% Fibonacci retracement levels of the overall chart (the blue line, dating back to mid-March). That means that right now is an excellent long-term time time to buy silver.
I do expect silver to continue to be bullish. The effect of scarcity in markets cannot be overstated. We know that central banks are very good at creating fiat currency out of thin air. We know that alchemists have thus far been unsuccessful in creating precious metals out of thin air. When we speak of the price of silver (or any other commodity) in terms of fiat (usually the US dollar) we are comparing an element to a fiat currency that is being created out of thin air at an ever increasing rate. And, if we think of price as a function of the relative scarcity of one thing to another, it’s hard to imagine how the relative value of the elemental metal won’t increase.
And what about demand? Silver is an essential part of solar panels and the electric circuitry of things like cell phones and other electronics. 5G? Electric cars? Solar powered homes? Smart homes? If you think those are going to be ever-increasing aspects of our daily lives, then you should have no doubt about silver’s outlook from a demand perspective.
And so, I do think that silver will continue to remain bullish relative to fiat. I do believe that the current price will be looked back on as a low, and a great opportunity to buy. And, yes, I do believe we will soon enter another bullish Elliot impulse wave. You’ll look back and brag about how you bought silver back in August 2020.
NOKIA is BACKComparing the percentage overlay of their new 5G competitor ERIC with the playing field even with Huawei out the picture, if NOKIA were to breakout to same the magnitude with 5G sponsporship I am actively targeting $5.60-$6 price level for this quarter. $10 EOY.
We are here at a critical price level here of $4.30 viewing how price action has reacted here in the past
Nokia remains one of my favorite long-term technology playsI've been buying long-term (2022) calls on Nokia, and they're performing very well this past week. The good news for Nokia has kept rolling in throughout this coronavirus downturn, and Nokia announced today that it has declared a total of 3,000 patents related to 5g. Last year it looked like Nokia was falling behind in the 5g race, but ever since it suspended its dividend to free up cash flow for R&D, it has been fast making itself a 5g leader. Along with BIDU, NOK is one of my favorite long-term tech plays due to low valuation and a large number of hot new technology patents going into product development that should pay off long-term. I will buy more calls on the dips.
NOKIA bullish asfTempted to buy some $NOK $5/$6 calls, just debating how far out to buy them. Expecting a little more consolidation if I'm being honest, but these 5G contracts and talks could send this flying sooner.
White House/President Intervention to secure 5G could make this print.
I am worried about bearish market affecting this trade but not really...
$NOK avoiding for now$NOK Multi year declining channel
5G play and with new towers and collaborations people suspect Nokia is staging a comeback.
Since we focus on swing trading, I believe there is better risk reward plays out there. We can find 20% in a week or two, this will take up more time & freeze up capital to do so.
If you insist, on playing the channel, $NOK is back where it was pre corona.
Adrian gets trolled by the Illuminati - clairvoyant tradingA hint from the future, looking BACK IN TIME!
HOLY SHIT it's the first time you see an actual stock market PREDICTION!
Only entries that end with *6.66 work. #satancum
September 11th, 2020 #5gbeamformingprotesterfries, #neverforget, #swedennuke
NOK the time for the action?Even the NOK has some potential for growth in the days to come, primarily due to 5G steps the company is taking, at the moment this set up is SELL.
MA200 is as always strong resistance, and the RSI level is signaling a potential price reversal. In the case of 5% price drop, NOK is worthing taking under consideration for a long play.
My AT&T RunThere's an incredible amount of investors I've followed that are very pleased with VZ stock's performance during the past years. Fundamentally speaking, yes, indeed Verizon has a cleaner balance sheet, way less debt, and it has done a really good job at being a decent rival for AT&T within America. However, I have strong reasons to believe that AT&T is not a fundamental play. What do I mean by this? We live in 2020, and for the past 20 years, the market leaders are those who innovate, but also those who keep innovating the fastest. Back when the internet wasn't our god, companies didn't have as much pressure for innovation since information itself couldn't even be shared massively and at the speed, it is done now. So back when Buffet was buying shares, earnings would most likely be given back to the shareholders rather than being reinvested in an asset so intangible like research&design. And in no way, I am shitting on Buffet's strategy, he's a billionaire for a reason. But what if I don't want to wait 50 years, or better yet, what if we aren't as lucky as he was were he has been able to purchase stocks during 3 major economic recessions?
AT&T isn't a fundamental play because its true value can't be pinned down to a balance sheet. AT&T is set to be the face of 5G here in the west, competing against Huawei, who in my opinion, already one the first few rounds. The US Government made the announcement that Hong Kong is no longer independent from China. The US is also legally fighting Canada for the extradition of Huawei's Chief Financial Officer. So why would the US make a global announcement that just empowered hundreds of Chinese investors, including the government? Isn't all the mainstream media telling you that there's a trade war? Would you even know that the trade war began because of the 5G race? Anyways, all I am trying to say is that AT&T will be the leader of 5G here in the west, regardless of how much debt with have, and if you cannot see the value in that, then I don't think you understand how powerful 5G actually is.
Another intrinsic value that I see is that AT&T owns WarnerMedia. Can you see the power of being the largest cellphone provider as well as one of the largest media providers? It seems too good to be true. Data recollection through cellphones in order to produce specific content based on that very same data. Disney owns literally every media company out there, so I guess I also see the value in being independent of them.
What will my strategy be like? Based on the shorter time frames, I believe there will be another price dip, and when that occurs I will enter my position. I plan on buying shares for my retirement portfolio, as well as for my trading account. Even though I will be holding for the long run, it's still a nice stock to trade around. (Aiming to buy at 28$ )
AT&T: The western face of 5G?Pompeo announced this evening that Hong Kong is no longer an independent part from China. Chinese investors and business people are buying as much influence and shareholder stake in HK. Who benefits? China. Anyways, on top of the announcement, the CFO of Huawei was denied extradition proceedings. So far, U.S can’t prosecute yet. Quite unfortunate given the announcement the U.S Government made earlier.
My thoughts - Huawei is so far the leading company in 5G, the US knows that and it has come to terms with a closed door alliance with China. If you can’t beat them, join them, so that you understand them, and then try beating them again lol.
Back to my question, for any one out there who wants to discover the real truth, for those who question everything, even what’s on CNN, do you think it’s a good time to buy AT&T? Like, yes it holds loads of debt, but I think the real value is that they are the only company that has the reach and resources atm to compare shoulder to shoulder with Huawei . Plus, if Huawei has completely dominated the Easter world, shouldn’t we take some western pride too? Or what’s every one thinking??
What will I do? Follow up tomorrow morning.
NOK Long UpHere is another 5g stock idea...
We have been having a strong upward trend and since it is in this relatively new space it has the strong upward Potential!
World’s Fastest 5G: Nokia Beats Ericsson With New 5G Speed Record via @forbes www.forbes.com
They also have a relatively low market cap which if successfull could bring on a lot of investors...
Bought 850 at 3.92 USD