Weekly Forex Forecast: Buy The S&P & NASDAQ. Wait On The DOW!This forecast is for the week of DEC 16 - 20th.
The SP500 & NAS100 are bullish and buys are the order for the week. The DOW Jones is weeker, sliding down as the USD climbs. Be careful here, as the DOW tends to travel it's own path at times.
FOMC is Wednesday. Stay vigilant and disciplined this week!
Check the comments section below for updates regarding this analysis throughout the week.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Equitytrading
BLUE STAR - Short Trade - Target 2 Done!BLUE STAR - Short Trade - Target 2 Done!
Entry at 1721
Stoploss: 1744
Trailing stoploss: 1705
Potential to reach 1582
Potential profit: 7.7%
Profit so far: 3.6%
Current status: Hold the short trade with trailing stoploss set at 1705
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Namaste!
NMDC SHORT Trade Setup and levelsNMDC SHORT Trade Setup and levels
Got a clear short entry on 28 August
Entry: 226
Stoploss: 230
Target 1: 222 (DONE)
Target 2: 215 (DONE)
Target 3: 208
Target 4: 204
Current Trailing Stop loss: 224
Hope this helps.
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$INTC | Allocation | Market Exec |Technical Confluences:
- Price action is close to the 78% Fibo Extension and is at a strong Demand Zone
- Stochastics is in Oversold conditions from Daily, Weekly and Monthly
Fundamental Confluences:
- Currently, Intel is trading at tangible book value ( thevalue you will get if the company gets liquidated)
- At such value, chances of a takeover might be there which means, potential premium to be paid on takeover news?
- After weak Q2 earnings, does it mean anything if the CEO starts buying the stock himself?
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With deep discount in NASDAQ:INTC 's value, another no-brainer and minimal risk. Intel is not going to liquidate.
Will be expecting a turnaround and definitely a Long-Term hold in my portfolio.
Remember, DYOR.
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
$ABNB (Potential Bullish Reversal)Aug 8, 2024: EOD price $114.63
- Monthly: the stock price has fallen 18%
- Weekly: price retraced to fib 61.8% (bullish range: 12/28/22 - 03/21/23)
- Daily: RSI is under 24, MACD is still red to the downside
- 4hr, MACD is curling up (same with RSI); inside candle, above open at $113.98
In call options: NASDAQ:ABNB $118c exp 8/16/2024 @ $1.14.
Delta: 30 | Gamma: 6.7 | Theta: -12.69 | Vega: 5.88
Entry: $114.51
Target Price (TP): $119.99 (50%+ on contract)
Stop Loss: $113 (50-60% on contract)
Reward-to-Reward: 3.42-to-1 ratio
Next Steps:
- Monitor trade tomorrow, Friday, Aug 9
- Monitor /ES & /NQ to ensure price doesn't reverse on me drastically
- Keep TP and Stop Loss
LONG TERM WEALTH IDEA - IMAGICAA WORLD ENT LTDLONG TERM WEALTH IDEA - IMAGICAA WORLD ENT LTD
Company has some issues, still I believe it's could be a turnaround story.
This is not a recommendation, just for educational purpose. DO NOT COPY this trade. Consult your financial advisor before investing!
BASF - An Investment pick with more than 70% ROI.The stock has been in an up trend.
It has broken its all time high in 2021 and in good consolidation for 2 years and broken out of consolidation now.
It has broken out of a bullish flag and pole pattern / falling channel pattern in a 3 M timeframe.
One may also consider this for a swing opportunity , RSI intact in all time frames.
Weekly price action shows, that the stock has broken out of falling channel, retested and reversed Consolidated for 7 weeks. Weekly RSI took support at 60 and bounced. Looks ready for a swing. SL - Previous week low at 3155. Target 1 - all time high, 3880.
GICRE - Swing Trade 17% ROI Potential1) Stock is reversing from a 6 weeks old consolidation at a major weekly support - Previous low.
2) Stock is in uptrend
3) Daily is showing Bullish RSI Divergence.
4) Daily Price indicates compression Breakout as well.
My entry - 350
Target - 400
SL - 325
RR - 1:2
GAIL An extremely bullish Reversal, Poised to break it's ATHThe stock is in continuous uptrend , with no evidence of sellers in major time frames.
The stock has reversed from 38.2% retracement in weekly.
I am looking to enter this counter at cmp with 184.20 as SL and minimum 15% ROI - 224 and then trail further.
VARROC ENGINEERING - Poised for a 15% upmove - Swing Trade1) Stock is in uptrend in all major time frames.
2) Weekly is reversing from a pullback. Last week - weekly candle confirms reversal.
3) Daily price action as well confirms reversal, moved out of range.
4) RSI just hitting 60 in daily, RSI in lower timeframes apt for entries.
My entry : 520.
SL : 493.
Target : 613.
Nifty and BankNifty UpdateHello Traders,
Kindly checkout the latest update on Nifty and BankNifty. As we told in start of the month that Nifty have major support of 21780 and BankNifty have majot support of 47033. Today Nifty have almost tested the support and pumps up while BankNifty have fully tested the support and pumps up.
S&P500 Valuation In Current Economic EnvirontmentHello everyone,
as title says, today I would like to speak about the S&P500 and its market valuation in the current economic environment.
Since I prefer to study and analyze markets on higher time frames rather than day-to-day, this Case Study is based on quarter outlook (3M chart), to capture most of the available information using metrics that have significant inputs and outputs on the economy e.g. Interest Rates, Employment Rates, company Bankcruptcies & others.
I decided to make this Case Study since I believe we may be on the verge of facing difficulties on micro and macro levels, which in history led into a downturn of equity markets for a prolonged period of time.
It may be argued that some of these Cases are not relevant since they don't include full data, and that would be fair. But at the same time, I would point out that these data and used Cases are the most relevant to this day, because of their similarities to today's economic environment even if not in a full manner.
For better understanding, you need to take a look at Pic1.
(Pic1.:S&P500 chart with color legend)
-Captured time windows consist of the US Unemployment rate moving from relatively low levels to higher values in times when Interest Rates are relatively High. To make a better educated guess I included US bankcrupcies as an overall business health indicator.
-Inflation Rate or Federal Reserve Balance could be used additionally.
Historically, I would argue that the most similar to this day looks Case Nr.4
In both, we have:
a, rallied to ATH in unfavorable market conditions (3to4, 5to6?)
b, unemployment rate curving up from the bottom
c, bankcruptcies curving up from the bottom
d, interest rates are high (and cuts are around horizont)
Why is that important?
Because as Pic2. shows:
(Pic2.:S&P500 drawdown from top)
-In all of these cases market bled and did not start turning around BEFORE FED found the bottom rate.
And they have not even started cutting yet..
That in my view is a huge red flag and it brings attention to "Not IF we are about to go lower, but WHEN we are about to start going lower."
It may be a month, two or three... but if we take a look at what the chart and those economic metrics suggest, it's most likely will not be a pretty ride until all of those are resolved in favorable manner for markets, which may take year or longer as historical cases shown..
Unless they decide to print NEW TRILLION$$$
Hopefully, this case study was helpful for some of you in further market navigation.
If YES, please consider liking or sharing this post, it would mean a lot to me.
Also, if you are interested in more updates or you would like to receive personal analysis with lower time frame updates daily, let me know in the comments or DM.
Best Regards,
Joe
SOTL-A Monthly VCP Breakout & Retest candidate, 30% ROIExpecting ROI - 30%
As mentioned in multi time frame analysis charts,
1) Monthly 6 year old VCP Breakout, Retest done , consolidated for 2 months,
now ready to move out of the consolidation zone.
2) Compressing at major supply region with minimal
sellers strength
3) Expecting BO soon, SL at prev week low.
JTEKT INDIA - Weekly and Monthly VCP with a 6 year old breakout.The stock has broken upside of it's important supply region - 2018 all time high levels , clear Volatility contraction in place.
Breakout and Retest has happened - level - 162.
As per the Technical pattern, target of minimum 236 is seen.
As mentioned in charts,
My entry at 178 with an SL of 5%, target of 30% - 236 - Trailing as per Price Action.
ADANI POWER - Swing TRADE IdeaThe stock is in uptrend in all Higher time frames.
The stock has been in good consolidation for 12 weeks.
Downside wicks in the last 3 weeks indicate good buying coming in.
The last week candle seems to be an indecision candle post diminishing selling pressure and buying stepping in.
The lower time frame price actions such as Daily and 75 mins confirm the upside price momentum.
My SL and targets as mentioned in chart. I would plan a wide SL of 12% and target of 22% trailing. Target 1 - 591 ALL Time high.
Suryoday Small Fin Bank - Swing and Mid Term Investment PickThe stock is in up trend in Monthly , weekly.
The Weekly and Monthly RSI are fantastic, just moving above 60 on the way after touching the lower band at 40.
The weekly has given a multi year breakout, has just broken the supply range at 190.
I would consider an entry at 188 zone - Retest and look for 225 as swing trade target . 25 %
For an Investment, I would consider a 1:2 Risk reward , SL at 145 level - weekly closing basis, Target at 280. I consider trailing my investment profits at each level with an exit if closing below 20% from any level.