DM.V - Breakout on positive news; Big investor taking positionDM.V is in breakout mode and could see serious appreciation from current levels. Steady orders of COVID-19 test kits are coming in, main AI business doing well, "sophisticated" investor taking big position last week to clear remaining warrants. Keep an eye on this one!
Artificial_intelligence
IBM Mega TriangleIBM has been making this triangle chart pattern since 1997 and will forced to a decision point one way or the other by 2026. For some investment strategies, you have to perceive time like a tree. :)
IBM's earnings and sales have been shrinking for many years-- EPS at a rate around 2.5% per year, and SPS at a rate around 0.25% per year. That makes this essentially a depreciating asset in terms of earnings and sales. The dividend over 5% offsets that somewhat, but IBM would need a growth strategy to break out to the upside. Despite technology leadership, the company has struggled to turn its technology into growth.
IBM is still worth trading within the triangle, however. It's certainly worth a buy in the event it should drop to the bottom of the triangle range. I kind of like the idea of owning a piece of IBM's AI, because I think this technology eventually will drive a turnaround story for IBM and a return to earnings and sales growth. Among other things, IBM is partnering with Verizon to use its AI in Verizon's 5g.
IBM will be a sell at triangle top until and unless the slopes of the earnings and sales trendlines begin to turn positive long-term.
Bot to do all the btc trades - 2x Pf. it's chart hereThis is chart for my strategy, it works well when there is movement but not went going in tight range, however has close stop loss and stays invested so then as bitcoin moves it usually gets profits.
I wanted to find a strategy that I can keep running and don't loose money and doing a lot of trades, so I optimised it for 1 minute,
It is for generating profit to my friend that collect a share of the fees, surely it is better than GPU mining !
I noted it works also very well on 1D time frame.
Have done similar code for quantum zone ftx.
Note the stops are in dollars of btc price, so this makes sense for bitcoin only.
For source and parameter optimisation send me a private message.
Is Artificial Intelligence the next BUBBLE? Singularity 10X!Technical Analysis:
The sideways movement and the Accumulation/Distribution shows it is clearly in an accumulation zone where interest and volume is rising. We can see that there are no strong divergences with the potential upside on the candles and the volume- therefore, it gives us a signal that this is a high volume/institutional BUY AREA.
It is approaching a strong resistance, thus it can flip to the downside which would present a good buying opportunity or if it breakouts we can treat this as a breakout-trade.
Fundamental Analysis:
Institutional interest in Artificial Intelligence is rising with Singularity perhaps being one of the strongest projects in the space as they have developed several Artificial Intelligence projects such as their trading algorithms, therefore when the AI Boom does come around which is soon, Singularity will be part of the wave.
Hit the LIKE/SHARE button and COMMENT to discuss and add to the idea!
See you soon, trade safe
-Megalodon Sharks
Swing Trade Alert. Long over 10.80. Still some downside riskBenefitfocus, Inc. engages in the provision of cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers
BuildGroup Management reports 14.3% active stake in BNFT
AGI/USDSingulatarityNet AGI the darkest of horses right now in the crypto space IMO.
If you are looking for an Artificial Intelligence play in the Crypto Market, like I was, this is it.
CEO Ben Gortzel has over 30 years experience in the AI field and is an absolute genius.
It's already generating revenue, which is growing each quarter and has a huge team of 62 employees.
singularitynet.io
Only 9M Market Cap and ranked 384th on coinmarket cap as of writing this.
500m Circ Supply/1B Max Supply
Youtuber 'Crypto AI Profit' has some great videos on this for you to do further research.
New partnerships to be announced soon also.
Not financial advise DYOR.
SLRX Peaked at $1.70 Today than Down, Possible Retracement?First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, SLRX have pulled a bullish run and then crash within an hour. This was likely due to some automated trigger by some large fund starting to slowly upward incremental sell at the $1.15 level or people subscribing to some sort of signal for a breakout hour. Likely this sudden rise is an example of what it feels like competing with an AI in the stock trading world. Hint: It doesn't feel good. That being said, I could have took the profit at $1.69, $1.70 at one point but the prices were fluctuating too fast and I thought I would hit the $1.83 sale off target. I still think my target for $1.83 is likely going to be filled, but I modified my new wave retracement target to $1.60 as to mitigate risk for the next wave. That being said, short term, I am bullish. I think SLRX at this price level is still worth a hold.
Nvidia Perching on Big Outside CandleNvidia is one the biggest gainers in the S&P 500 over the past year, trailing only Advanced Micro Devices among the semiconductors. Now the coronavirus pullback may be providing an opportunity for momentum buyers.
NVDA's chart has a few interesting patterns.
First, it never closed below its 50-day simple moving average (SMA) amid last week's intense volatility. That places it among only a handful of stocks in the current market that remained above that level.
Second, it's held a rising trend line that began in August.
Third, NVDA formed a bullish engulfing candle on Friday. It's now holding support at the top of that candle.
Finally, stochastics are near oversold conditions. This oscillator has successfully marked turns for NVDA in the past.
The company's last earnings report on February 13 beat estimates across the board. Investors were especially impressed by NVDA's growth in AI/machine-learning chips. Analysts followed with a stream of positive notes, price target hikes and upgrades. The firms include Bernstein, RBC Capital, Evercore ISI, Cowen and Jefferies.
S&P 500 MODEL TRADES for THU 12/26Tread Lightly in this Light Trading
Compulsive trading could lead to hazardous outcomes. It is even more applicable in low liquid markets and market days. Exaggerated moves likely in either direction to wipe out weak hands/stops until normal liquidity and volumes return post holidays.
Structurally, we are still in the bull territory. A daily close below 3180 is needed to put the bulls under pressure again. But, the bear is NOT visible in the vicinity, until a daily close below 3140.
Read below to check out our models' trading plans for the day. And, whether a bull or a bear, take some time off the markets to bond with family and friends, and spread and share the holiday spirit!
tradersai.com
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #models, #tradingplans, #outlook, #china, #tradewar, #recession, #yields, #tariffs, #impeachment, #economy
Dark theme for AI startup in VancouverI just started working as a UX Developer for this AI start up. We are embedding this chart in a dashboard for internal use and wanted to publish.