GOOGLE: Second major bullish wave already under way.Google closed the week over the 1D MA50 with the 1D technical outlook bullish (RSI = 57.062, MACD = 0.820, ADX = 43.635) again for the first time since October 24th. The rally since October 27th low is the second major bullish wave of the Channel Up pattern that Google is trading inside for almost 12 months.
We expect the first part of this wave to peak after completing a +20% move (TP1 = 146.00). But on the longer term, the overall wave should make a HH at the top of the Channel at around +45.50% from the bottom (TP2 = 175.00). The 1D RSI is trading inside a Channel Down, suggesting a decelerating trend.
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Google (Alphabet)
Google $GOOG Island Gap 🏝️Google appears to be setting up an "Island Gap Reversal Pattern" 🏝️
Characteristics of an Island Gap:
1. A lengthy trend leading into the pattern. ✅
2. An initial price gap. ✅
3. A cluster of price periods that tend to trade within a definable range. ✅
4. A pattern of increased volume near the gaps and during the island. ✅
5. A final gap which establishes the island of prices isolated from the preceding trend. ✅
Target: 105-108 😱😱
Apple - Sick Fundamentals Mean a New All Time HighI have recent calls on the SPX
SPX ES - Welcome To The Fourth Quarter Rodeo
The Nasdaq
Nasdaq Futes - You Wanted a Dip For That 'Santa Rally,' Aye?
SPY
SPY - Did We Bottom, Or Is Manipulation Coming?
And Tesla
Tesla - Remember, The Ponzi Always Continues
Which generally have a bullish-into-year-end thesis accompanying them, but caution that an October bottom for the second year in a row and a mega three day rally to start November may be something of a trap.
When it comes to Apple, we have reservations that we topped under $200, for really obvious reasons, especially considering that on the monthly, the last three months of bearish price action haven't been that bearish.
Yet, because the weekly shows us that there are two bars under $150 and $140 from last year that never printed a low, that those areas are probably protected until Apple starts to seriously deflate and enter an end-of-life cycle bear market.
If Apple is going to enter an end of life cycle bear market, the MMs will 100% take out the $200 range and sell everything there first.
So, fundamentally, why would Apple be at the end of its life? The answer is simple: the company, all these years, wed itself to the Chinese Communist Party, which is the scourge of humanity, The Beast, and the benefactor to Babylon (Shanghai).
There's lots of really horrific data involving Apple numbers and the Chinese market right now, and the CCP under Xi Jinping is also rushing to replace other phone companies with domestic product, like the notorious Huawei.
The elephant in the room when it comes to cellular and computer purchases in China is that they're down because there are less people in China as a result of the enormous damage the novel pneumonia pandemic that originated in Wuhan City has caused.
SARS 1 in 2003 was covered up by the Party. The CCP made it seem like only a few thousand people died, when in reality, some accounts have stated that several million people died.
Today, the Party still claims that less than 122,000 people died from COVID-19, despite China being the epicentre of the disease.
You don't need an expert, or even a calculator, to figure out what's really going on and why the Chinese economy is in trouble.
What's at stake for Xi and his faction is the 24-year-long organ harvesting genocide and persecution against Falun Dafa's 100 million practitioners.
Although Xi has not participated in the persecution, and has, to the contrary, been killing via his Anti-corruption Campaign the Jiang Zemin faction who started and maintained the persecution all these years, the problem is that Xi is the head of the Party.
When you kill a dragon, you decapitate it. But first, you start with its tail. And it's telling that former Premier Li Keqiang died a few weeks ago, merely in his 60s, at the hands of "an heart attack."
So the fundamentals on Apple are bad because of China. So, with great faith in the principle of reversed logic, we actually look for longs with the chance to sell over $200.
But the charts, as they stand, are not giving us a long signal.
Everything, including Apple, bounced so hard in the first three days of November, and for Apple this came on the back of an earnings report, that we have to view the situation with major reservations, expecting that the candle painting of the low for the monthly bar has not yet been completed.
Last October, Apple pretended to bottom, pretended to double bottom in November, and then gave it all back and set the low of the year at the end of 2022, and all of this happened while the indexes had properly bottomed in October.
There was none of that "Magnificent 7" talk back then.
So, how to trade this? I think it's wiser to go long on a breakout over $183 in a size that allows you to take partials at $198, $205, and $215 than it is to have bought in the last three days.
And if we do dump, where we're looking for reversal patterns is at or below the April of 2022 low at $159.80~.
But if we're about to moon for manipulation, we're actually likely to see a sweep just below the current November low of $167.90.
So long as you can buy there without getting expired worthless on some short dated options, you'll have the best chance to ride the manipulation wave.
But be careful. When it's time for the CCP to fall, all the bigger dominoes go with it, because they're all really lesser dominoes.
Gap down overnight because of the time difference between Beijing and Manhattan means margin calls that scale in brutality, because Wall Street won't be in the mood to go risk on anything ever again.
Nor will it have the money or the breath to.
𝗔𝗺𝗮𝘇𝗼𝗻 𝗨𝗽𝗱𝗮𝘁𝗲: $AMZN Weekly. Huge bull setupOver 145 and should see a nice run to 170 resistance. Large accumulation pattern (inverse H&S) with an implied target ~$200 🤯
NASDAQ:QQQ $NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX CBOE:VIX #Stocks
𝗡𝗮𝘀𝗱𝗮𝗾 𝗨𝗽𝗱𝗮𝘁𝗲: $QQQ Daily. Bulls have the ball ... 4th test of the top TL. At some point will breakout and they just trapped a ton of bears and stopped out longs on false breakdown below 352. 200dma held nicely and nearly hit major support area at 338-40 📈
$NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX CBOE:VIX #Stocks
✅ Daily Market Analysis - WEDNESDAY JULY 26, 2023Key News:
USA - Building Permits
USA - New Home Sales (Jun)
USA - Crude Oil Inventories
USA - FOMC Statement
USA - Fed Interest Rate Decision
USA - FOMC Press Conference
Cautious Optimism in European Markets as FTSE 100 Reaches Two-Month High
European markets have started the week with a cautiously optimistic tone, fueled by hopes of additional stimulus measures from Chinese authorities in response to recent poor economic data. The sentiment has had a positive impact on the FTSE 100, which experienced a significant boost, reaching a two-month high on the previous day.
Investors in the region are closely monitoring developments in China, as concerns over its economic slowdown have weighed on global markets. The prospect of further stimulus measures from Chinese authorities is seen as a potential boost for both the Chinese economy and international markets, including Europe.
In response to the recent challenges in the Chinese economy, there are expectations that authorities may introduce measures to support growth and stability. Such actions could include monetary easing, fiscal support, or targeted measures to address specific economic sectors.
The positive market sentiment in Europe, particularly in the UK represented by the FTSE 100, is a reflection of investors' hopes for a potential economic rebound in China. As one of the world's major economies, any improvement in China's economic outlook could have significant ripple effects on global trade and investment.
However, market participants remain cautious as uncertainties persist, and the situation in China remains fluid. The impact of any stimulus measures on the broader global economy is yet to be seen, and geopolitical factors continue to influence market sentiment.
As the week progresses, investors will closely watch for any official announcements from Chinese authorities regarding stimulus measures and assess their potential implications for the European and global markets. In the meantime, cautious optimism prevails, with the FTSE 100's recent performance reflecting the market's hopeful outlook for economic recovery.
FTSE 100 daily chart
Optimism Grows as Short-Term Yields Retreat, Earnings Reports Impress
The improved sentiment in the markets has been further bolstered by a retreat in short-term yields, as investors believe that central banks may not need to implement aggressive rate hikes as previously anticipated just a few weeks ago. This development has eased concerns and contributed to a more positive outlook in the financial landscape.
Both German and UK 2-year yields have experienced a sharp decline from their earlier highs this month, largely attributed to the indication that inflation is slowing down more rapidly than initially projected. This trend has provided reassurance to investors, alleviating some of the fears of abrupt rate hikes that could potentially hamper economic recovery.
In the United States, stocks are witnessing moderate gains on Tuesday, driven by several factors contributing to a favorable market environment. Firstly, the release of a better-than-expected Consumer Confidence survey has boosted investor confidence in the strength of the US economy. The survey's positive results signal that consumers are optimistic about economic prospects, which bodes well for future spending and business activity.
Additionally, a series of earnings reports has surpassed expectations, further uplifting market sentiment. Strong corporate performance is a key driver of market growth, and companies' ability to outperform forecasts indicates robust economic conditions and the potential for continued expansion.
The combination of upbeat economic data and encouraging earnings reports has reinforced the notion that the global recovery is on track, and the worst impacts of the pandemic are subsiding. These positive developments have contributed to the improved sentiment in the markets and the appetite for risk among investors.
As the financial landscape continues to evolve, market participants will closely monitor central bank actions and economic indicators for further clues on the trajectory of interest rates and inflation. In the meantime, the current positive market sentiment is supporting moderate gains in US stocks and providing a sense of optimism for investors in the midst of an ever-changing economic landscape.
NASDAQ indices daily chart
SPX indices daily chart
DJI indices daily chart
Wall Street Rally: Factors Fueling Optimism in the US Market
The current Wall Street rally has been fueled by a convergence of positive factors, creating a favorable environment for investors and driving market sentiment. Several key elements are contributing to this optimistic outlook.
Strong US Consumer Confidence: One of the driving forces behind the rally is the strong US consumer confidence. The recent surge in consumer confidence has instilled optimism in the economy's resilience and growth prospects. This positive sentiment is indicative of consumers' confidence in their financial well-being and their willingness to spend, which can have a significant impact on economic activity and corporate performance.
Growing Belief in an Economic 'Soft Landing': Investors are increasingly becoming more confident in the notion of an economic 'soft landing,' wherein the economy transitions from a period of rapid growth to a more sustainable and stable pace. This reassurance has been underpinned by various economic indicators and data, suggesting that the economy is gradually moderating, rather than facing a sharp contraction.
Optimism Surrounding Artificial Intelligence Initiatives: The growing focus on artificial intelligence (AI) initiatives is also contributing to the positive sentiment on Wall Street. Investors are recognizing the potential of AI technologies to drive innovation, efficiency, and productivity in various industries, creating exciting opportunities for companies at the forefront of AI adoption.
Better-than-Anticipated Earnings Results: The ongoing earnings season has seen better-than-anticipated results from major tech companies, further boosting investor confidence. These positive earnings reports signal strong corporate performance and underscore the robustness of the US economy.
Busy Earnings Season: This week marks the start of the two busiest weeks of the earnings season, with a significant number of US companies reporting their earnings. Investors are closely monitoring these reports for insights into corporate performance and future prospects. The initial reactions to earnings releases from companies like Microsoft and Alphabet have been positive, adding to the overall optimism in the market.
Resilient US Economy and Federal Reserve's Monetary Policy: The overall resilience of the US economy and indications that the Federal Reserve is nearing the end of its rate-hiking cycle have contributed to the positive sentiment. A stable monetary policy outlook provides confidence to investors, as it suggests that the central bank is striking the right balance between managing inflation and supporting economic growth.
In conclusion, the current Wall Street rally is the result of multiple factors aligning to create an environment of optimism and confidence. Strong consumer confidence, expectations of an economic 'soft landing,' enthusiasm for AI initiatives, and positive earnings results are all contributing to the positive sentiment. As the earnings season unfolds, investors will continue to closely monitor corporate performance and central bank actions, which will further shape market dynamics in the weeks to come.
GOOGL stock daily chart
MSFT stock daily chart
Fed's 25bps Rate Hike Likely to Be the Last in 2023 Amid Inflation Concerns
The much-anticipated 25 basis points rate hike by the Federal Reserve today is expected to mark the final increase for the year, despite any potential arguments by Fed policymakers for additional hikes. Last month's pause in rate increases seems to set the tone for a more cautious approach towards monetary tightening.
Recent trends surrounding US inflation, particularly the likelihood of the Producer Price Index (PPI) turning negative in July, may pose challenges for the Fed's case for further rate hikes. Inflation dynamics have been a key concern, and the prospect of PPI potentially going negative adds to the complexities of justifying additional tightening measures.
Federal Reserve Chairman Jerome Powell may voice support for more rate hikes, but prevailing market sentiment seems to favor a prolonged period of higher rates. The focus will be on the Fed's projections regarding when it expects to reach its 2% inflation target. Despite the headline Consumer Price Index (CPI) currently sitting at 3%, core prices remain elevated, capturing attention from both the Fed and the market.
Investors and analysts will closely monitor the Fed's communication on its outlook for inflation and its strategy to achieve its price stability mandate. Any indication that the Fed is reassessing its approach to monetary policy amid inflation concerns could impact market sentiment and influence future rate expectations.
As the Fed delivers its decision today, the financial community will scrutinize not only the rate hike itself but also the nuances in the accompanying statements and remarks made by Chairman Powell during the press conference. Clarity on the Fed's stance and commitment to addressing inflation will be crucial for shaping market expectations and guiding investor decisions in the coming months.
US inflation rate
Challenges Ahead for the Fed as Headline CPI Declines, Causing Uncertainty in Gold Prices
As headline Consumer Price Index (CPI) continues its downward trend, the Federal Reserve may encounter difficulties in convincing the markets to support further rate hikes under the current economic conditions. The declining CPI adds to the uncertainties surrounding the central bank's future monetary policy decisions.
Gold prices have been experiencing fluctuations this week as investors remain cautious ahead of the Federal Reserve's meeting later in the day. The widely anticipated 25 basis points rate hike during the meeting has already been factored into the market expectations. However, the focus lies on any indications or signals regarding the central bank's stance on future rate hikes for the remainder of the year.
The precious metal's prices have remained within a narrow range amid the uncertainty surrounding the Fed meeting. Investors are closely monitoring any clues from the Federal Reserve regarding their outlook on inflation and potential further tightening measures. Market participants are keen to understand the central bank's assessment of economic conditions and whether additional rate hikes are warranted amid the evolving inflation dynamics.
As the Federal Reserve makes its announcement, the markets will be carefully analyzing the statements and remarks by Fed officials, especially Chairman Jerome Powell, during the press conference. Any hints of a shift in the Fed's approach to monetary policy could trigger volatility in gold prices and influence investor sentiment.
In this climate of uncertainty, gold prices are likely to react to the nuances of the Fed's communication, as traders and investors gauge the central bank's intentions and how it plans to address inflationary pressures. The upcoming meeting will provide critical insights into the central bank's strategy, and any surprises or shifts in their messaging could have significant implications for gold prices and the broader financial markets.
XAU/USD daily chart
Gold's Recovery Stalls Amidst Uncertainties Ahead of Central Bank Meetings
Gold has experienced a robust recovery over the past month, primarily driven by weak US economic data, particularly concerning inflation figures. Speculations arose that the Federal Reserve's ability to continue raising interest rates would be limited, providing support for the precious metal's price surge. However, in recent sessions, this rebound has stalled as uncertainties loom in anticipation of the outcome of the Fed's meeting.
Investors are closely watching the Federal Reserve's meeting, as it will provide crucial insights into the central bank's monetary policy outlook and how it plans to address inflation concerns. The speculations surrounding the Fed's future rate hikes have added to the cautious sentiment in the gold market, leading to a pause in the metal's upward momentum.
Beyond the Fed meeting, investors are also keeping an eye on decisions from the European Central Bank (ECB) and the Bank of Japan (BOJ) later in the week. The ECB is expected to raise rates by 25 basis points on Thursday, signaling a shift in its monetary policy stance. On the other hand, the BOJ is likely to maintain its ultra-dovish approach on Friday, emphasizing its commitment to supporting the Japanese economy.
These upcoming central bank meetings have introduced further uncertainties into the market, causing investors to exercise caution and reassess their strategies. Gold, often sought as a safe-haven asset during times of economic uncertainty, is particularly sensitive to changes in interest rates and monetary policies, leading to the recent hesitation in its price movement.
As the central banks announce their decisions and provide guidance on their future policy trajectories, the gold market is expected to see increased volatility. The outcomes of these meetings will shape investor sentiment, potentially leading to new trends in the precious metal's price. In such a dynamic environment, traders and investors need to remain vigilant and closely monitor central bank communications to make informed decisions amid the evolving economic landscape.
EUR/USD daily chart
GBP/USD daily chart
Euro and Pound Weaken Against US Dollar Amidst Weak PMI Surveys from Europe
The euro and pound have been trading at moderately weaker levels against the US dollar, experiencing further declines following the release of weaker-than-expected PMI surveys from Europe. The data revealed a slowdown in economic activity, raising concerns about the region's recovery prospects.
Investors are closely monitoring the developments surrounding central bank meetings, particularly the Federal Reserve and the European Central Bank (ECB). The prevailing market sentiment suggests that the Fed is likely to implement a single rate hike and then pause, signaling a more cautious approach to addressing inflationary pressures. On the other hand, the ECB may have further rate adjustments to make as it grapples with economic uncertainties in the Eurozone.
These differing expectations for the two central banks could lead to significant fluctuations in the value of the euro in the currency markets. Investors are keeping a keen eye on any shifts in either or both of these views, as they can have a profound impact on the euro's trajectory.
The weakening of the euro and pound against the US dollar indicates growing concerns about the economic outlook for Europe. The region's PMI surveys have highlighted challenges in various sectors, and this has put pressure on the currencies.
In such a dynamic environment, currency traders need to remain vigilant and responsive to changing market sentiment and economic data. Any surprises or shifts in central bank policies can lead to rapid movements in currency pairs, presenting both opportunities and risks for traders.
As the central banks proceed with their monetary policy decisions, market participants will closely analyze their communications and guidance. Any indications of future rate adjustments or policy shifts could spark volatility in the currency markets, making it essential for traders to stay informed and adaptable in their strategies.
GOOG Rising Wedge Here is a simple rising wedge pattern on google with bear gap resistance above you dont want to get caught guessing the top because there is no way to tell exactly when price will reverse. Just react and catch the move when it presents itself. Expect to enter after either A) Gap Down, B) intraday Head and Shoulders or C) intraday bear flags.
What just happened to Google? 9.40% crash and more to comeWell that was unexpected.
According to my sources, Google came out with positive results (despite them not being as good as Microsoft). And yet the price crashed already 9.40% without the fail safe switch on yet.
Technically, it's formed a Breakway gap.
These don't close as quickly as other gaps, but if the trend stays down.
It is likely to head to $111.50 next.
The M Formation that failed to break above the resistance also shows the bear trend for the market.
So do you know what happened to Google? Or is this Smart Money buying the heck out of it?
I doubt it...
GOOGLE Almost oversold at the bottom of the Channel Up.Google is having a rough day following the revenue miss and has found itself at the bottom of the 5 month Channel Up.
This is a buy opportunity, as long as (1d) candles close inside the pattern.
Trading Plan:
1. Buy if the (1d) candle closes inside the Channel Up.
2. Sell if it closes under it.
Targets:
1. 146.00 (+15.50% rise, like the first bullish leg of the Channel Up).
2. 120.00 (estimated course of the MA200 (1d)).
Tips:
1. The RSI (1d) gives the most optimal buy opportunity at the bottom of its Channel Down around the 30.00 oversold level. Keep that in mind in case it coincides with a MA200 (1d) contact.
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Google Set to Announce Positive 3Q Earnings - Time to Long GOOG!I am thrilled to share with you that Google (GOOG) is anticipated to announce positive 3Q earnings, and I couldn't be more excited about the potential this brings for all of us.
Google, being one of the most influential companies in the tech industry, has consistently demonstrated its ability to innovate and adapt to the ever-changing digital landscape. With its diverse range of products and services, the company has managed to maintain its position as a global leader.
Now, with the upcoming release of 3Q earnings, we have a golden opportunity to capitalize on Google's success. The positive financial outlook signifies that the company is not only thriving but also well-positioned for future growth. This is a clear indication that GOOG is a stock worth considering for a long position.
As traders, it's crucial to stay ahead of the curve and seize opportunities when they arise. By going long on GOOG, we can potentially benefit from the positive momentum generated by the anticipated earnings report. This is an exciting prospect, and I encourage all of you to seriously consider taking action and adding GOOG to your portfolios.
Google's unwavering commitment to innovation, coupled with its strong financial performance, makes it an attractive investment option. The company's diverse revenue streams, including advertising, cloud services, and hardware, provide a solid foundation for continued growth and profitability.
So, let's embrace this moment of positivity and take advantage of the potential gains that lie ahead. I urge you to conduct your due diligence, analyze the market trends, and consider the long-term prospects of GOOG. By doing so, we can position ourselves to ride the wave of success alongside Google.
Remember, timing is crucial in the world of trading, and this could be an opportune moment to go long on GOOG. So, let's seize this chance and make the most of it together.
GOOGLE: Next stop --> All Time High.Google maintains one of the steadiest trends of the year as not only does it remain on smooth bullish 1D technicals (RSI = 57.789, MACD = 1.700, ADX = 30.881) due to Channel Up 2 since June, but also it maintains Channel Up 1 since the start of the year. The 1D MACD indicates that the stock price has entered a 2 week consolidation phase, whose next leg up would be at least +20.52%, which is marginally over the All Time High (TP = 152.30).
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𝗡𝗮𝘀𝗱𝗮𝗾 𝗨𝗽𝗱𝗮𝘁𝗲: $QQQ Daily. Keep it simple𝗡𝗮𝘀𝗱𝗮𝗾 𝗨𝗽𝗱𝗮𝘁𝗲: NASDAQ:QQQ Daily. Keep it simple. Above line-in-sand ("LIS") of 373 a bull flag 🐂 breakout. Below risk lower to consolidate 🐻
$NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX CBOE:VIX #Stocks
I am looking on a bullish continuation on GOOG.
As you can see here we have formed a couple of trendlines on the 4 hour chart. And If we can break the 139.97 level, we could possibly see a continuation on google. We also are above VWAP. And seeing that we have good momentum on my indicators I believe that we could see that very soon possible tomorrow. I would be looking for a breakout on the 5 minute chart for the perfect entry.
GOOGLE ignoring the market and targets new All Time Highs!Alphabet Inc / GOOG is trading inside the well known Channel Up pattern from the bottom of the Bear Cycle and has established itself over the 1day MA50.
The 1day MA100 held the recent correction as it has been doing since March 15th.
The final box to check will be a 1day MACD Bullish Cross.
Buy and target a new All Time High at 155.
Previous chart:
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GOOG - Why a 25% drop Is lurking in Google StockSometimes live can be simple.
This trade is simple to me.
Let's examine it:
1. Over all Indexes are not favoring the long side.
2. Price reached the Center line and get pushed back.
3. The Divergence in the RSI is significant.
...and the rest is Risk & Money management.
My stop goes a couple points above the last high.
But I probably play it with Options and give me at least 100 days to expiry (DTE).
Simple enough? §8-)
Happy trading folks.
Alphabet Inc: A Deep Dive into the Pros and Cons of Investing...Alphabet Inc: A Deep Dive into the Pros and Cons of Investing in the Tech Giant
Alphabet Inc., the tech behemoth that's likely woven into your daily life through its various products and services, has quietly become a ubiquitous presence. While Alphabet has consistently delivered solid returns to investors, it's currently trading 8% below its all-time high. This begs the question: Is this dip an opportunity to acquire shares of one of the world's best businesses at a slight discount from its peak price? Let's explore both the bullish and bearish arguments for this leading tech stock.
The Bearish Arguments
1. Competition from AI Chatbots:
One immediate concern revolves around the growing popularity of OpenAI's ChatGPT, an AI-powered chatbot integrated into Microsoft Bing's search engine. Some bearish viewpoints suggest that this could pose a threat to Google Search, which has historically dominated the market. If Bing and similar AI-powered platforms gain traction, Google's search dominance could wane.
2. Regulatory Scrutiny:
Like many tech giants, Alphabet finds itself in the crosshairs of regulators, both in the United States and abroad. The company has faced substantial fines in the past and is currently under scrutiny by the Department of Justice over Google Search's alleged monopolistic position. Regulatory risks persistently hover over Alphabet, causing concern among investors.
3. Digital Advertising Slowdown:
Another immediate challenge is the significant slowdown in the digital advertising market. After posting robust revenue growth in previous years, Alphabet's sales increased by less than 10% in 2022 and only 5% in the first half of 2023. This exposes Alphabet's business to the cyclicality of the industry, as ad spending is easily cut back during economic downturns.
The Bullish Arguments
1. Incredible Dominance and Success:
The fact that Alphabet faces regulatory threats underscores the incredible dominance this company has achieved, arguably making it one of the most remarkable businesses in history. According to CEO Sundar Pichai, Alphabet boasts "fifteen products that each serve half a billion people and six that serve over two billion each." These staggering statistics showcase the extent of Alphabet's reach.
2. Financial Strength:
From a financial perspective, Alphabet's performance is remarkable. In the last quarter (Q2 2023), the company achieved an outstanding operating margin of 29% and generated a whopping $22 billion in free cash flow. Its balance sheet is exceptionally strong, with $118 billion in cash, cash equivalents, and marketable securities, compared to just $14 billion in long-term debt.
3. Economic Moat and Network Effects:
Alphabet's wide economic moat assures investors of its enduring dominance. Network effects form the foundation of its operations, with Google Search playing a pivotal role in organizing the ever-expanding pool of internet information. Greater usage attracts more advertising dollars, enhancing the company's scale and power.
4. Data Advantage and AI Leadership:
Alphabet possesses a significant data advantage that will only strengthen over time. This data empowers the company to refine targeted ads, enhance its products, and continually innovate. Alphabet is also well-positioned to be a leader in the AI landscape. AI technology is already integral to its services like Gmail, Maps, and YouTube, making it an "AI-first" enterprise poised for future growth.
Conclusion
Investing in Alphabet Inc. offers a blend of opportunities and challenges. While regulatory concerns and market fluctuations are immediate considerations, the company's remarkable dominance, financial strength, data advantage, and leadership in AI present compelling reasons to consider it as a long-term investment. As with any investment, conducting thorough research and weighing the pros and cons is crucial before making a decision in the ever-evolving tech landscape.
Is this the end of the Google stock downtrend ?Hello ladies and gentleman ,According to my analysis of GOOGLE stock , I traced 2 strong level which was the point of the stock bullish run as you see in the chart ,But for the moment we don't have a clear confirmation for a trend reversal .So ,in the coming days we may see some changes that can affect this stock , There is a big bearish volume .
we can rely on the divergence in Rsi , we have to give big place for fundamentals now ,a lot of changes are happening ,that's what I THINK we must focus on to get a better results
I hope you appreciate my analysis ,If you have any suggestions ,please write it below to discuss it.
GOOGLE, Massive FLAG-FORMATION Completed, Targets Activated!Hello There!
Welcome to my new analysis of GOOGLE. There are important developments going on within the whole stock market as the volatility increased within the recent quarter the market momentum is likely to reach major extinctions throughout the next months in 2023. What is important here is that traders do not get trapped in just trading the whole market in the same direction because this can be highly fatal as there are many different setups within the market, bullish as well as bearish. Therefore, it is of utmost overwhelmingly high importance to choose the setups with a bullish potential for the long side and the setups with a bearish potential for the short side to move forward with the total-return approach which I already pointed out in previous publications.
With GOOGLE I have spotted interesting underlying dynamics that point to a major bullish scenario perspective and a main approach on the bullish side. When looking at my chart GOOGLE recently completed this major ascending bull-flag formation with the breakout above the upper boundary which it is now forming the next continuation formation that is approving the full completion of this major formation. The price action towards the uptrend direction is backed by the 65-EMA, the 35-EMA, and the major uptrend channel. Also, the price action already moved on with emerging with the paramount wave count with the major wave C now developing to move into the upper spheres of this whole chart price action.
With the completion of the major bull flag formation, the price action has activated the first main target zone within the 146.25 level as it is marked in my chart. Once this zone has been reached it will be highly important to determine with which volume the price action reached the zone, if it is steadily increasing higher also there is an important potential for the wave C extension to emerge with a breakout above the initial target zone. When this happens and GOOGLE has the ability to emerge with the wave C extension this is going to activate the next target zone as marked in my chart within the 157.05 level. The next times will be highly decisive here. Remember, that not every stock within the market is showing such bullishness, therefore it is necessary to measure the main underlying dynamics as I am doing it within my analysis.
In this manner, thank you everybody for watching my analysis of GOOGLE. Support from your side is greatly appreciated.
VP
𝗡𝗮𝘀𝗱𝗮𝗾 𝗨𝗽𝗱𝗮𝘁𝗲: $QQQ Daily. First real pullbackFirst real pullback in progress flagged by bearish divergence with RSI in July/August. Where does this end? Even the “crash callers” are looking for a bounce so maybe a little more to go before a B wave starts 🌊
$NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX CBOE:VIX #Stocks 📉
Alphabet's Stellar Performance Steals the Spotlight...Investor Enthusiasm Ignites as Alphabet's Stellar Performance Steals the Spotlight
Alphabet, the technological powerhouse, has ignited a blaze of excitement among investors with its latest financial report, revealing a striking showcase of accomplishments. With an impressive revenue tally of $74.6 billion and a robust $1.44 in diluted earnings per share, Alphabet has confidently outpaced Wall Street's predictions, sending its stock soaring in the aftermath of this announcement.
This surge in positive momentum isn't an isolated event but rather a continuation of a larger trend. Throughout the initial seven months of 2023, Alphabet's shares have outshone the Nasdaq Composite Index by an astonishing 50%, positioning the company as a beacon of success in the tech arena.
Amidst these resounding triumphs and bolstered by its trillion-dollar valuation, the pertinent query arises: Is this an opportune juncture to delve into an investment with this tech titan?
In the early reaches of 2022, as the Federal Reserve embarked on an assertive campaign of interest rate hikes to combat the burgeoning inflation threat, economists sounded the alarm for an impending recession. This climate of economic uncertainty prompted cautious corporate strategies, leading to curtailed marketing expenditures. The prevailing concern was that dwindling consumer demand might prompt individuals to prioritize essential essentials over discretionary splurges, rendering amplified advertising endeavors seemingly redundant.
In alignment with these cautious corporate maneuvers, Alphabet faced a dip in advertising revenue during the fourth quarter of 2022, with a slight residual dip spilling into the first quarter. However, the most recent quarter's records unveiled a promising uptick of 3% year-over-year in digital ad revenue. This resurgence paints a picture of Alphabet's prime driver – advertising – gaining momentum and veering towards a path of more normalized growth trajectories.
As economic pundits recalibrate their forecasts, lessening the odds of a 2023 recession, the burgeoning trend of escalating ad expenditures could potentially sustain its course across forthcoming quarters. Bearing in mind that ad revenue contributes a substantial 78% to Alphabet's overall company-wide earnings in Q2, this favorable development could undoubtedly bode well for the conglomerate's financial performance.
While Alphabet's advertising revenue strides modestly within single-digit percentages, a radiant star on its horizon is the Google Cloud Platform (GCP). This segment, responsible for a gamut of cloud services spanning computation, data storage, and AI tools, achieved a resplendent $8 billion in sales during the latest quarter – a robust surge of 28% in contrast to Q2 2022. This progression maintains a consistent rhythm from the preceding quarter.
A noteworthy watershed for stakeholders emerges in the form of GCP's burgeoning financial prowess. For the first time in its history, this segment garnered positive operating income within the initial quarter of the current year. Furthermore, the operating margin extended its boundaries to 5% during this latest three-month phase. Should GCP persevere along this trajectory and ultimately reach the commendable 28% operating margin precedent set by Amazon Web Services in 2022, Alphabet's holistic profitability stands poised for substantial amplification across forthcoming years.
With global cloud market forecasts predicting a staggering $2.4 trillion opportunity by 2030, GCP stands at a vantage point to steadfastly wield its leadership in this burgeoning industry. Presently positioned third in market ranking according to Statista, GCP finds itself ideally positioned to continually invest in fortifying its service portfolio for both present and future clientele, armed with a wealth of financial resources and access to top-tier technological talent at Alphabet's disposal.
Despite a meteoric ascent in the annals of 2023, Alphabet's stock remains alluringly valued. Currently, shares are traded at a trailing price-to-earnings (P/E) ratio of 28, situated beneath the 10-year average P/E multiple of 30.6. Amplifying this appeal, with a projected increase in net income, the forward P/E ratio emerges even more enticing at 23.9. These valuation metrics inherently furnish compelling rationales for contemplative investment in this reigning corporate giant.
Augmenting its charm, Alphabet showcases a robust financial stance as of June 30, boasting an impressive $118 billion in a confluence of cash, cash equivalents, and marketable securities, all resting snugly within its balance sheet. Moreover, its long-term debt strikes a modest chord at $14 billion. The company's consistent generation of substantial free cash flow further solidifies its stance as a stalwart stock suitable for the discerning investor to embrace and maintain in their portfolio.
Amidst a landscape characterized by its tantalizing valuation, robust financial posture, and an unwavering stream of cash flow, Alphabet emerges as an enticing prospect for those seeking a stable and propitious addition to their investment repertoire.
AAPL Buy Long on Pullback?AAPL has been rock solid this year as illustrated by the daily chart. It is no
surprise that AAPL is Warren Buffets's biggest holding. The earnings were a
top line beat with revenue flat. New iPhone sales are off. The TSLA idea
of dropping price to boost demand and trying to maintain margins will
come into effect. The dip this week is remarkable given the range of those
red candles. Based on VWAP bands, AAPL is overbought and overvalued but
not badly so. Price has dropped under the longest moving average (HMA140)/
This is a small pullback I will use the opportunity to purchase a call option
striking over the money at $205 for mid-November as an intermediate
term veto that AAPL will march consistently higher. Because of this pullback
the options contract will be a bit cheaper and easier from which to achieve
a realized profit.
Some Technical Areas For Tesla, Apple & AlphabetHi,
A little guide for you about Tesla, Apple, and Alphabet. Pointed out some key areas from where to take out some profits or if you are interested in some sort of stocks then a couple of scarious from where you can jump in. Not an idea post, more like an analysis but still, it should give you a little picture about them.
Tesla (TSLA)
Recently the Tesla stock has been respected by technical analysis quite nicely. Several calls have worked almost perfectly and short-term targets are reached fairly easily.
Currently, for me, the Tesla stock is in the middle of nowhere. My previous short-term target was around $300 and it has been reached, so I will wait for further price action. If the price goes above $300 then I will consider it as a breakout and I need to see a price action above that to make a decision.
The sweet spot for me is the $190-$220. If the price reaches there then I'm ready to take it but we need to see a quite good selloff - let's see.
So, if you are not in Tesla then wait for a breakout above $300 which can confirm further growth, or wait for a pullback/selloff to the mentioned lower price zone.
Apple (AAPL)
This year has been quite good for Apple, the gain from the bottom is 58%. In the first week of 2023, it bottomed and after that, very solid and consistent grind to higher levels - a new all-time high has reached.
If you are on it then short-, and mid-term investors can think about taking some profits because it has reached to the round number of $200. The round number can act as a resistance level and the price can be stuck there for a while or it can get a rejection to downwards. So, if you don't have a long-term plan with AAPL then there is a place to take out some profits.
If you don't have any Apple shares then you should wait. Firstly, how the $200 act and wait for the price action. If it gets a pullback then you can grab it from the previous highs which now start to act as support levels. These are not the strongest areas but at least you have something to stick with because to buy it from the current price can be quite a huge mistake considering short-term investment.
So, if you see a pullback then be ready to act around 170 to 180 dollars, and the strongest price zone is around ~$150.
Alphabet (GOOG)
Technically the last weekly candle close was a small breakout. $126.5 has been a minor horizontal price level. This level has been a short-term support level and a couple of months ago it acted, and stopped the price, as a resistance. Now, we have this level "smashed" with quite a solid weekly candle and if you are interested then technically you have a light-green light to take it during the retest of ~$126.
Stay cautious after you have seen a monthly or weekly close below this level.
Regards,
Vaido
Discover the Hottest USA Stock Market Sectors - Get Ready for anI couldn't wait to share the hottest USA stock market sectors set to sizzle this August. Brace yourself for an action-packed month with potential profits and exciting investment opportunities!
1. Technology Titans: The tech sector continues to dominate the market, with innovative companies leading the charge. From cutting-edge software solutions to breakthrough hardware advancements, this sector promises immense growth potential. Stay ahead by closely monitoring tech giants like Apple, Amazon, and Google.
2. Renewable Energy Revolution: The renewable energy sector is rising as the world shifts towards sustainable practices. Solar, wind, and hydroelectric power companies are experiencing a surge in demand, presenting a remarkable chance to invest in a greener future. Keep an eye on industry leaders such as Tesla, First Solar, and NextEra Energy.
3. Biotech Breakthroughs: The biotech sector is witnessing a wave of groundbreaking advancements in healthcare and pharmaceuticals. Companies focused on developing innovative treatments, vaccines, and therapies are gaining substantial attention. Keep a close watch on biotech giants like Moderna, Pfizer, and Johnson & Johnson.
4. E-commerce Explosion: The pandemic has accelerated the growth of the e-commerce sector, and it shows no signs of slowing down. Online retail giants are experiencing exponential growth as consumers embrace the convenience of digital shopping. Keep an eye on industry heavyweights like Amazon, Shopify, and eBay.
Now, here comes the exciting part! To ensure you don't miss any action this August, I encourage you to subscribe to our exclusive newsletter or follow our social media channels. By doing so, you'll receive regular updates, expert insights, timely tips on these hot sectors, and more.
Don't let this opportunity pass you by! Stay ahead of the curve and make informed investment decisions by subscribing or following.
Remember, August is shaping up to be a thrilling month in the stock market, and you don't want to miss out on the potential gains these sectors offer. Subscribe/follow now and get ready for an exhilarating ride!