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Stocks hit by New Wave of FearStocks are edging lower in a zig zag pattern as every rally seems to get sold off. We have more risk off sentiment in the markets as Evergrande takes its turn as the center stage of fear stoking news. Evergande shares have tumbled as another debt payment deadline looms. We saw strong resistance from 4580, but rejected this, as confirmed by a red triangle on the KRI. We are roughly in the middle of a range between this as 4504. It could go either way, as we are still quite bearish and could see a relief rally. But we must definitively break 4580 in order to cross the vacuum zone above to 4632, which seems unlikely. From below, we should see support from 4504, then 4487 and 4462 would be the next targets.
FX:SPX500Short
by quantguy
1
Stocks Waiting for NFP DataStocks have attempted a meager rally, as news of the Omicron strain and Fed tightening seems to have been digested by the markets. We do have non farm payrolls data coming in at 8:30 AM EST, which is one of the biggest trading data points, so stocks are likely to hold off in anticipation of the results. This is a particularly meaningful reading, as investors look for a barometer on the faltering economy. We are seeing resistance from 4580, as this is a particulary auspicious level. We have a vacuum zone above this back to 4632. From below, we should see support from several levels below. Lows at 4504 should be considered a min lower bound for now. The Kovach OBV is very bearish, despite a rally attempt by the S&P 500, but we will need to wait for US jobs data this morning before it decides a direction.
FX:SPX500
by quantguy
1
Leading Indicators are BURNTAs forewarned, the Leading Indicators were previously pointing to a burn out, and now half of the leads are burnt. JNK and VALUG are bearish, as are TLT and VIX indicating bearishness. IWM, TIPS, and DJT have failed any bullish indication, skewing towards bearishness. The S&P500 futures are at support now... likely to break down, even for the beginning of a month. Overwhelmed by the "shock" of a new variant, perhaps it is time. IMHO, Omicron is a precursor... it should be mild, but its existence is indicative of the next wave. So, not to be ignored, and especially not to be forgotten. This is like Nature's forewarning of 2022. Stay safe!
CME_MINI:ES1!Short
by Auguraltrader
1
Three Reasons to Be Bearish of StocksThree factors are weighing in on stocks lately. We have the persistent boogeyman of the new Omicron coronavirus strain that is vaccine resistant and has been weighing on global markets all this week. Also, Fed Chair Powell has made some hawkish statements about rates and tapering in response to inflation. Finally, the OECD has voiced a gloomier outlook for the US and Europe on account of persistent inflation. Hence, stocks plunged further breaking support at 4580, but bottoming out at 4564, the level just below. We are seeing a green triangle on the KRI here confirming support, and are currently getting a lift at the time of this writing. We've bounced through the vacuum zone and appear to be running out of steam just under 4632. This level will prove formidable, and we have several levels to break after that before considering highs again. The Kovach OBV is still very bearish, but this could indicate that we are oversold and confirm the relief rally we are seeing right now. If support levels don't hold, 4545 will be the next target from below.
FX:SPX500Short
by quantguy
How to Trade Stocks as Omicron WeighsCoronavirus fears continue to weigh on stocks. In particular, the Moderna CEO predicts less effective vaccines for the Omicron variant, and this has sent stocks back to lows despite an attempt at a rally, yesterday. We made it as high as 4668, which we have identified as a new technical level, before falling back to lows, which appear to be holding for now, perhaps by a thread. A green triangle on the KRI does appear to be suggesting we are finding support here at 4580, but are not really seeing much of a bounce. If current levels don't hold, we could see support at 4564, 4545, or 4504. Watch for stocks to make another bounce and perhaps form a bear wedge with a lower bound at 4580 before cracking it. If we do catch a bid, then 4632 and 4649 need to be broken before we can consider higher levels again.
FX:SPX500
by quantguy
1
ABNB 4H - BullishOversold RSI, MACD slowly approaching trend reversal signal, the price currently testing resistance, and green bullish candles. Will we see the breaking of resistance in the near future? Here's how I would trade ABNB 4H: Enter a long position - if a valid break of current resistance occurs. Take profit ideas: TG1 - 189$ TG2 - 197$ TG3 - 203$ TG4 - 208$ TG5 - 216$ TG6 - 224$ ------------------ I keep it simple and clean! Likes, comments, and follows are dearly appreciated. Let me know what you think and which ones you would like for me to analyze next. Trade safely! ------------------ About Airbnb: "Airbnb, Inc., together with its subsidiaries, operates a platform for stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms and luxury villas. The company was formerly known as AirBed & Breakfast, Inc. and changed its name to Airbnb, Inc. in November 2010. Airbnb, Inc. was founded in 2007 and is headquartered in San Francisco, California." Source: Yahoo Finance
NASDAQ:ABNBLong
by Droz_TA
Fundamental and technical analysis of ''American nightmare''...Fundamental analysis 1. Valuation: The company is expensive based on almost all valuation metrics such as PE or PS, however the guru focus model estimates that the company is ‘’fairly valued’’, while the 2 stage free cash flow model estimates that the fair value of AMZN share price should be around $5,500. 2. Growth: $AMZN remains a solid growth story. Analytics at wall street forecast both earnings and revenue to grow at a double digit pace in the upcoming years. 3. Profitability: The profitability metrics of the company are good. In addition $AMZN is extremely cash rich and the CAPEX/Sales ratio (12.43%) is well above sector median (2.42%). 4.Financial position: Excellent. Debt and interest payments are well covered. 5. ESG rating: BBB or average. There is definitely some room for improvement in this space. 6. Dividend & Buyback: $AMZN is not paying dividends to its’ shareholders and doesn’t repurchases its’ common stock at the moment. Technical analysis: The stock remains in the uptrend and finally the share price broke above 2900-3500 consolidation zone. Bulls will be very supportive at around 3350-3500 price in my opinion.
NASDAQ:AMZNLong
by GIgor_021
Omicron Variant Weighs on StocksStocks plummeted off of renewed coronavirus panic over the Omicron variant, with 23 different spike proteins. It is currently evading all vaccines, and poses 'very high global risks' as per the WHO. This new boogeyman has permeated through the markets and we are likely to see lower levels in stocks until the risk has been priced in. Today is the Monday after the US holiday, so the markets are likely to jostle for direction over this issue. We smashed through the 4600 handle, finally finding support at 4580, where a green triangle on the KRI confirmed the support. Currently, we are testing 4632, and 4649, but the Kovach OBV is still very bearish, so it would be fomo to pile into a long trade at this point. We should see continued support from 4580, but if this does not hold, we have a cluster of levels below to provide further support down to 4545. The next target will be 4693 if we catch a bid, but we have to break 4649 first.
FX:SPX500
by quantguy
2
Stocks Ranging Below HighsStocks have stabilized for now between 4649 and 4693. We are seeing quite a bit of volatility in this range, suggesting that we are jostling for value. The Kovach OBV has slumped, which makes it highly unlikely that the S&P 500 will be able to attempt new highs before the Thanksgiving Holiday in the US which starts tomorrow. We are seeing several green triangles near 4649, which suggests that we should continue to see great support at this level. If it does not hold, then 4632 will be the next to provide support. If we are able to break 4693, then 4729 is the next target before we can consider new highs again.
FX:SPX500
by quantguy
Three Factors Impacting Stocks TodayStocks made a run for highs with Fed Chair Jerome Powell's renomination yesterday. The S&P 500 briefly made new highs, but was quickly sold off, due to fears of a rate hike and a dimmer economic outlook in Europe. We have smashed through support at 4693, and are currently in the vacuum zone between 4649. The Kovach OBV is still pretty strong despite the selloff, suggesting an upside bias. If we find support at current levels, we must break 4693 again. If not, 4632 is the next level of support below.
FX:SPX500
by quantguy
1
What to Expect Before Stocks Make New HighsStocks are edging up to highs at 4729. We appear to be running into resistance in the low 4700's. We are currently seeing a red triangle on the KRI confirming the resistance at current levels at 4717. The Kovach OBV was rather flat, but has picked up recently. It will take some formidable momentum to break out of 4729, so watch for a selloff if we continue to approach this level. Eventually stocks will make new highs again, but that may follow a bull flag or other bull consolidation pattern first. If we retrace further, then 4693 should provide support, but beneath that we have a vacuum zone down to 4649
FX:SPX500Long
by quantguy
LONG INTEL: 9.6X PE/ CHINA-TAIWAN vs USA SEMICONDUCTOR RISKLONG Intel @49 down to 44 double down every 5% or 10% drop so 1x49 & 2x44 or 1x49, 2x46.5, 4x44. SL: NA TP: 100-200% higher at $100-150 1. Semi shortage/ supply constraints vs ever increasing demand 2. china vs usa semi uncertainty 3. resulting usa infra investment set to benefit current incumbents like intc 4. massively cheap vs market at 9.6x 5. 2.5% div yield 6. great inflation hedge as semis are absolutely price inelastic 7. 28bn cap-ex turn around plan w/ new innovative ceo 8. macro supp lvl at 44
NASDAQ:INTCLong
by QuantumLogicTrading
5
Stocks Facing Resistance at HighsStocks have faced fierce resistance at highs, as we mentioned in the last report. Recall that we identified highs as a significant barrier to the S&P 500, and if significant momentum did not come through then we were likely to retrace. This is exactly what we are seeing now. However, we are seeing support at 4693, which we also highlighted in the last report. If this does not hold, we could easily retrace the entire range to support at 4632 and 4649. There is a vacuum zone below to 4580, but as mentioned, the broad range stocks have held since the beginning of this month should hold. We could be in the makings of a bull wedge, suggesting that stocks are gearing up for a breakout. The Kovach OBV is still fairly flat, so we will need to see more momentum come through before considering a breakout.
FX:SPX500
by quantguy
Stocks Picking Up, Will They Breakout??Stocks are maintaining the broad range we disucssed yesterday, although they have picked up slightly and are tending toward the upper bound. We will have resistance at highs, and are already seeing some red triangles forming on the KRI indicating some that we are currently facing some resistance. We do appear to have good support from 4693, but if this does not hold, we should see further support from 4649 and 4632. The Kovach OBV is quite flat, so we anticipate this broad sideways correction to continue until some momentum comes through.
FX:SPX500
by quantguy
Stocks to Face Resistance at Higher LevelsStocks have gotten a lift off lows and are drifting up to higher levels. We are currently seeing support from 4693. We will continue to have resistance from 4729, and it will take more momentum than what we are currently seeing to break new highs. A retracement could continue the sideways correction, bringing us back down to 4649 or 4632. We could easily retrace to these levels and not be considered bearish, just continuing the correction. There is a bit of a divergence between the price action and the Kovach OBV which is currently weak. It would be fomo to enter a long trade at these levels. Wait for a retracement to the lower levels mentioned above before placing any bids.
FX:SPX500
by quantguy
Stocks in a Sideways Correction Under Highs The S&P 500 is ranging, and it seems we are in a broad sideways correction, after the impulse that took us to highs. We are seeing support from 4632, as identified by a green triangle on the KRI, and are facing resistance from 4693, as confirmed by a red triangle on the KRI, and will face further resistance from highs at 4729. The Kovach OBV has leveled off, so we anticipate the ranging to continue until more momentum comes through either way. Watch the vacuum zone below 4632 down to 4580.
FX:SPX500
by quantguy
Stocks Finding Support, Testing Higher Levels!!Stocks have found good support at 4632, confirmed by a green triangle on the KRI. we have gotten a good lift from this level and are currently testing higher levels. Currently, we are testing 4695, where a red triangle on the KRI seems to be indicating some resistance. If we can see momentum come through at open, we could easily test highs again at 4729. If we reject 4695, we could be set to range a bit between 4649 and 4695. The Kovach OBV is relatively flat, but appears to be picking up slightly.
FX:SPX500Long
by quantguy
2
Breakout Soon for Stocks??Stocks have leveled off, trading pretty flat yesterday. Volatility has consolidated quite a bit, suggesting that a breakout either way is near. The Kovach OBV has completely flattened with this ranging. We are finding support at 4649 and 4632, two levels we called out yesterday. Beware of the vacuum zone below to 4580. If we are able to catch a bid towards open, the next target is 4693, then we will be in a position to make a run for highs at 4729 after that.
FX:SPX500Long
by quantguy
1