Awhile back I posted a chart, where I referred to this current market as the "Yellowstone Bubble". Lol at the time, I was simply teasing about how ever since roughly season 4 of the show Yellowstone , it seems like everyone thinks they are some kind of tough-guy money-making, all-powerful market wizard. Google: "Yellowstone Oracle". Anyway, there's not much...
Upper echelon of tech realm is expected to report the most profits since early 2022 as the bar is set high thanks to the big promise of artificial intelligence. Earnings season is about to hit fever pitch with the biggest names in the corporate world getting ready to deliver spring-quarter financial updates. The bar is set high thanks to the promise of...
NASDAQ:GOOGL has been one of the best performing stocks over the previous decade. The most profitable stocks are the ones which trade under the radar. And Alphabet (Google) is definitely one of these stocks which is simply trending higher, providing textbook trading opportunities and not a "hype" stock. Slow and steady wins the race, but you have to be careful...
NAS100 could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 18,955.13 which is a pullback support. Stop loss is at 18,670.00 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level. Take profit is between 19,125.04 and 19,228.63 which is a zone that is identified...
NAS100 could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 18,035.07 which is a pullback resistance. Stop loss is at 18,200.00 which is a level that sits above the 127.2% Fibonacci extension level and the all-time high resistance. Take profit is at 17,652.31 which is an overlap support that aligns...
NAS100 is trading close to a pullback support and could potentially bounce off this level to rise towards our take profit target. Entry: 16,761.10 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 16,700.00 Why we like it: There is a level that sits under a pullback support and the 61.8% Fibonacci...
NASDAQ:GOOG Magnificent 7 did great this year, GOOG included strong close, 4 green quarters in a row exhaustion risk -for what it's worth- around that 152 level will be interesting to see how this level (and similar levels for the other big 6) will play any role in what the big guys/institutes will do here let's watch and see, anything can happen, incl....
The breathtaking rally in palladium appears to be coming to the end. Rising supply and slowing demand are undermining the price of a metal used to neutralize car exhaust emissions. Palladium, once the cheapest of the major precious metals, soared from under $500 an ounce in 2016 to over $3,400 last March, leaving platinum and gold far behind. The reason for the...
AAPL Tech Giant vs The World AAPL has had a rough couple of weeks so to speak. With Treasury yields, to their new iPhone 15 overheating issue, there is much to be said about how this will playout in the long run for AAPL stock. Tech giants 12 month price-to-earnings ratio fell to 27 from 34, but APPL is forecasted to reach higher earnings in Q4 and beyond....
The price was rejected from the resistance zone. It can try another push towards the downtrend line. I opened a small position (small position because big techs love to come back very strong), SL above 300, TP 250 approx. If it plays out it should fall very fast. Take 80% of the profit at 260, you never know with this high cap stocks.
Snowflake, a Nasdaq company, has earnings looming post-market, which has IV on weekly calls and puts juiced to 150%. Yet people are still gambooling on the next big instawin. The problem is you'll blow your account and won't need TradingView anymore and won't be able to have any fun in your community. Really, a far better proposition if you want 5 and 8:1 odds...
Price just landed on a key level, that is also the bottom of the channel from Dec 2022. I could be a test of the broken resistance now support but I don't see any buyers activity. It could easily dead cat bounce off the support and break down the key level and drop to the next support at 250. I'm just watching this one, nothing to do. It may also start a...
Big tech keeps pushing up, not sure why but is doing it. Google seems to catch up very quickly. Looks like is forming a bullish flag prior to break out the 160 resistance and test 140 level. I'm not sure how long is going to take so I just opened a long position (no calls this time) and wait.
Decent shooter on the 2D could signal a pull back on NASDAQ:AMZN , would be nice to see a reversal move up further North. With Monthly OPEX for May behind us, see how it moves from here. AMZN strong, but not the ultra strong move AAPL had so far on the year. Also giving it more potential before it reaches exhaustion risk like AAPL at current levels. No...
Apple one of the leading names so far on the year, still going strong. Especially after it took out high of last August (see 2W chart), now could face some exhaustion risk. On track to take out previous year high, let's see how it plays out. No chasing for me, not according to plan.
The tech sector, specifically the 'Big Tech' companies have seen massive gains since the massive accumulation in 2010-2014. However, these increases seem disconnected from the companies' actual value or tangible contributions to the real-world economy. Their high price-to-earnings ratios suggest overvaluation and potential for a market correction. Invest in...
The play here is near term puts for move to 140s, which is the black path. Best case scenario for longs is it shows sign of strength with move to 165 (green path) - in that case it would still need a Bu/Retest which eliminates significant upside risk, Worst case for longs is red path - move to low 130s, dead cat, then more down. Black path most likely case,...
Before Shopify's 10:1 split, it was trading for $1,800 USD. Notable because it was the Toronto Stock Exchange's biggest stock, trading over $2,000 CAD. This was the kind of stock that all the eyes used to be on. The company processes payments on the Internet and the work from home lockdown glory days are gone. The next time we're all under house arrest will be...