Armageddon after the election, huh?Someone yesterday dumped a lot of money into an options portfolio, that's designed to lower the price of December US10-year Bond futures. That automatically means more US 10Y yield, and since there's a strong correlation with the Dollar, it also means the Dollar is going up.
The most curious thing is watching how the S&P 500 makes ATH during rising Dollar.
Such synchronicity has historically led to powerful corrections, and something tells me that it will not be the Dollar.
Now, I ain't saying we should all go out and start selling stocks like never before. But what I am sayin' is that maybe, just maybe, we should take a step back and look at the bigger picture. Maybe the market's got some more room to run, and maybe we should be lookin' for opportunities to get in on the action.
So, yeah, the option sentiment's looking a little bearish, but that don't mean we should all be running for the hills just yet.
Let's keep our cool, do our research, and see what the market's got in store for us.
DATA
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Meta and Spotify Criticize EU’s AI Decisions Stock up 3.53%On Thursday, Meta (NASDAQ: NASDAQ:META ), along with Spotify and several other tech companies, voiced strong criticisms against the European Union’s approach to data privacy and artificial intelligence (AI) regulation. In an open letter, these firms, along with researchers and industry bodies, claimed that the EU's decision-making has become "fragmented and inconsistent," warning that Europe risks falling behind in the global AI race.
The Regulatory Clash: Meta and GDPR Tensions
Meta (NASDAQ: NASDAQ:META ), which owns Facebook, Instagram, and WhatsApp, has been at the center of data privacy controversies in Europe, especially under the General Data Protection Regulation (GDPR). Recently, Meta (NASDAQ: NASDAQ:META ) halted its plans to collect data from European users to train its AI models due to pressure from privacy regulators. This followed a record-breaking fine of over one billion euros for breaching privacy rules.
The company, along with other tech giants, has delayed the release of AI products in the European market, seeking clarity on legal and regulatory frameworks. For instance, Meta delayed the launch of its Twitter alternative, Threads, in the EU, while Google has also held back on AI tool rollouts in the region.
The open letter signed by Meta, Spotify, and others calls for "harmonized, consistent, quick, and clear decisions" from data privacy regulators to enable European data to be used in AI training. The companies argue that without a coherent regulatory framework, the EU could lose its competitive edge in the global AI landscape, falling behind regions like the U.S. and China, which have been advancing rapidly in the field.
Meta’s AI Ambitions and Strategic Moves
Meta’s criticisms of the EU regulations come at a time when the company is heavily investing in AI technologies to enhance its social media platforms and introduce new products. AI is at the heart of Meta’s push toward the metaverse and other cutting-edge innovations. The company’s reluctance to release certain AI products in Europe is a direct result of the regulatory uncertainty, which hampers its ability to fully capitalize on its technological advancements.
With the EU’s AI Act coming into force this year, it aims to curb potential abuses in AI usage, but this stringent regulation may slow down innovation and delay product launches in the region. Meta and other tech giants believe that clearer rules will help unlock the potential of AI while protecting user privacy.
Technical Outlook: A Bullish Meta Stock Poised for Continued Growth
From a technical perspective, Meta’s stock ( NASDAQ:META ) has been on a stellar upward trend since November 2022, and it doesn't show signs of slowing down. As of the time of writing, the stock is up 3.66% and has entered overbought territory with an RSI (Relative Strength Index) of 70.54. This indicates that the stock may be poised for a temporary cool-off.
The stock's rise has been bolstered by broader market optimism, including the recent decision by the Federal Reserve to cut interest rates. This move is expected to benefit the tech sector, with Meta standing to gain significantly. With lower borrowing costs, tech companies like Meta (NASDAQ: NASDAQ:META ) can continue their aggressive expansion into AI and metaverse-related technologies.
Meta’s stock (NASDAQ: NASDAQ:META ) also exhibits a gap-up pattern that hasn’t been filled, suggesting a potential correction or consolidation period. Additionally, the stock has been consolidating since February 2024, indicating a potential bullish continuation pattern. However, with the RSI in overbought territory, investors should watch for a short-term pullback to cool off the stock before resuming its upward trajectory.
Meta’s AI Potential Amid Regulatory Uncertainty
Meta (NASDAQ: NASDAQ:META ) is navigating a complex regulatory environment in the EU while continuing to make strides in AI and technological innovation. Despite the challenges posed by GDPR and the AI Act, Meta remains well-positioned for long-term growth, with its stock reflecting strong momentum. However, short-term volatility due to regulatory decisions and technical factors may present buying opportunities for investors. As Meta (NASDAQ: NASDAQ:META ) continues to push the envelope in AI and the metaverse, the company’s future success will largely depend on its ability to navigate these regulatory waters while maintaining its innovation edge.
BITCOIN - Analyzing previous Bitcoin cycles combined with DataIf you look at the monthly chart of Bitcoin and examine the three previous cycles in crypto, you can see where we currently stand. This doesn’t guarantee that we’ll go up from here, but it does show that the chart often follows a similar pattern every cycle.
Price movements are a universal phenomenon seen across all charts in various sectors, not just crypto. Often, you’ll notice an asset testing its all-time high (ATH) and then taking a “breath.” After that, the asset typically moves beyond its ATH and embarks on a bullish journey.
The market tends to become more greedy once it surpasses the ATH because it means everyone in the market is in profit. Of course, it depends on what you bought, but the principle remains the same.
I see a lot of people worried about where we’re headed next. Nothing is for certain, but stop reading the news and worrying about recessions. England and Germany are currently in recessions and have just broken their ATHs. Recessions have nothing to do with price action.
Many are also concerned that the markets will crash once the rate cut season starts, which is highly likely to occur in September. However, historical data suggests otherwise. If you look back 70 years, the S&P 500 has averaged an 11% return one year after the first rate cut.
By using data and following cycles, like the one below and the 18.6-year real estate and economic cycle, it becomes much easier to handle the drawdowns and negativity you hear around you.
Using Fibonacci retracement, I believe we could see a top for Bitcoin around $150-200K before the next bear market.
(TRAC) origintrail "ICO"The origin story of origintrail (TRAC) appears to show funding in the form of ICO, crunchbase.com data metrics.
Initial coin offerings give a chance for people to buy the token before it is available for public trade on markets. Less decentralized than if the token had made no sales before being pushed to market.
(OSMO) osmosis "ICO"The origin story of Osmosis appears to have an ICO as part of funding early on; crunchbase.com data metrics.
Initial coin offerings give a chance for people to buy the token before it is available for public trade on markets. Less decentralized than if the token had made no sales before being pushed to market.
DATA Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
DATA is in a bearish trend and close to its all-time low of $0.02010. It will likely reach a new all-time low if the decline continues.
A rebound can be expected from the lower support trendline at $0.0157. The RSI is close to the oversold zone, indicating a further downtrend followed by a potential rebound toward the resistance trendline.
Key levels:
- All-time low: $0.02010.
- Lower support: $0.0157.
- Accumulation range: $0.0157-$0.02010.
- Mid-term Target: 2x-3x gain.
- Long-term Target: 10x-15x.
DYOR, NFA.
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BTC Outlook For The Weeks Ahead!!!Hello Everyone,
I have decided to post free market idea's every week or so for free, so everyone can see what i see backed by REAL data.
As you can see using Liquidation Data, Net Long/Short Data, Levels/Zones and some other analysis, we can see where the market is likely to move. Especially as we move into halving in a months time.
We can see that there's likely liquidation events that are in correlation to the historical levels, open orders and there's really declining volume in the market right now.
My targets are $66,000 and $69,100 for the next push up to liquidate shorts, before heading back down to the first level of $60,000-$62,200 where there's our first zone, their is a possibility for this to hold through halving, but i see the $48,800 - $53,200 zone settling pre-halving or just after. It makes sense on all accounts for ETF's as they're still having net in-flows for the market eg. BTC, which means once prices drop more will be bought up quite quickly.
For the week ahead i am looking at 2x moves, Long to that $66,000 zone, Short to that first $60,000 zone.
There's USA GDP Growth Rate, Cpre PCE and Personal Income and Spending this week aswell which means there's likely that volatility.
If you like these free idea's. Please support us, we love giving out free scripts and ideas and there's alot more to come.
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Mxwll Capital Team
PALANTiR PLTR: $26.00 | 6 months of Accumulation is over and now the sitting begins for the Digital Fortress of the US of A
should be a nice ride towards $100 only for those who got volume ..
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this is the only stock i own...
unloaded UBER TWTTR at $30
unloaded FB at $30..
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time to sit tighter
#PVSL,17% stake held by FII,DII, above 270 udega?#Popular vehicles & services Ltd(PVSL), CMP 263, company is engaged in the business of automobile dealerships in India. They have dealrship with 3 brands Maruti suzuki, Honda cars, Jaguar land rover. They recently listed and what made me interested in this company is FII(7%), DII(10.26%) have 17% holding. Why are they holding such high stakes in a car dealership company? Maybe they can see something that normal investors can't.
Technical analysis tells me that a day close above 270 can open gates towards 1) 280 2) 291 3) 297 4) 305.8(imp level) 5) 321 6)332 7) 338 8) 346(imp level). Once 346 is crossed I will put sl at 320 and try to ride the trend till 387.
Keep eyes open
S&P 500: All-Time Highs and Potential DeclineS&P 500 (SPX)
Technical Analysis
The S&P 500 (SPX) has continued its bullish trend as anticipated the previous week, successfully reaching the projected target of 5450. However, it now appears poised for a potential decline.
This Week's Outlook:
The price is likely to experience a strong bearish correction as long as it trades below 5450, potentially reaching 5310 and 5260. However, the SPX is expected to consolidate between 5450 and 5260.
Bullish Scenario:
To initiate a new bullish trend, the price must close at least a 4-hour candle above 5450, targeting 5485. Sustained stability above 5450 would be required to confirm a bullish move towards 5550.
Bearish Scenario:
As long as the price remains below 5450, it is expected to drop towards 5345 and 5310. A further decline could see the price reaching 5260.
Key Levels:
- Pivot Line: 5450
- Resistance Levels: 5484, 5525, 5550
- Support Levels: 5372, 5320, 5261
Weekly Expected Trading Range:
The anticipated movement range for this week is between the resistance at 5460 and the support at 5260.
In summary, maintaining a position below 5450 suggests a bearish outlook with lower support targets in focus. Conversely, closing above 5450 could indicate a bullish reversal, aiming for higher resistance levels.
Our Previous Weekly Idea:
Fundamental Analysis::
Market Analysis: S&P 500 at All-Time Highs Amid Overbought Conditions
Overbought Conditions Aren't a Sell Signal:
A low VIX indicates an overbought condition, but it does not serve as a sell signal.
Bullish Momentum in the S&P 500:
The S&P 500 (SPX) is once again at all-time highs, with bullish momentum accelerating. Following a favorable interpretation of the consumer price index figures on Wednesday, the S&P 500 surged to new intraday and closing all-time highs.
Fed's Impact and Market Reaction:
Despite a somewhat lukewarm outcome from the Federal Reserve's FOMC meeting later that day, which triggered some sell programs, the overall buying momentum remained strong.
Positive Indicators Amid Overbought Conditions:
Our indicators have largely remained positive throughout this phase and continue to signal bullishness. However, overbought conditions are starting to appear, which is expected given the strength of the rally.