S&P500 GREED Right now there is a lot of greed and there is no end in sight right now.
I like to see the overlapping of some indicators in this case Fibonacci levels. It seems that there is no end at the moment, but is it really so?
I'm not bearish, we just have to look from the other side and if we get a correction, make the best use of it
Investing
SPX500 Pattern Repeating with EERIE overlayThe REAL S&P500 Index is plotted here from the data on SP:SPX and FRED:CPIAUCSL which is CPI-All Urban Consumers which allows us to see the "REAL", or inflation-adjusted S&P500 (excluding dividends) over the long term.
Most people forget the impact that inflation has on the price of stocks because it gets complicated and small increases in price compound significantly over the the long term.
So, to get down to the impact of this pattern that I have reported on several times in the past (see links below), the market has had a long sequence of progress along with crises along the way in the form of financial panics, tax-law changes, banking system stress, real estate market collapses, trade wars and technological innovation cycles.
To break it down into the pattern, take a note of the 1955-1985 time frame and notice how there is a "mode" across that time frame which touches 13 different years.
In 1984 the market "expands" upwards as denoted by the yellow triangle, surging up by more than the previous year's range, which implies the start of a new trend. In this case, the trend is estimated to be 13 years because 13 years touched the same price. 1984 + 13 years sets up a new mode in 1997 which is where the new mode formed through 2012.
In 2013, the market surged upwards or "expanded" higher to indicate a new 11 year uptrend since there were 11 different years that touched the mode as shown.
The INTERESTING PART is that we had similar types of activities AFTER this new trend kicked off: Notice the yellow circle which encompasses the 1987 stock market crash and 1990 bear market in a wild, sideways, choppy market environment.
The same thing also happened after the current uptrend started with the 2016 election, 2020 covid crisis and even later the 2022 bear market (which is outside the circle).
The GREEN "BARS PATTERN" is a copy of the 1984-current market and then pasted to the start of the same structure in 2013 where the current uptrend started from the 'mode'.
Look how the market has moved rather in-synch with this pattern and I haven't even adjusted it for the 2-less years at the mode or 4 less years overall for the pattern from 1955-1984 (20 total years vs 13 years at one price) vs the 1997-2012 (16 total years vs 11 at one price).
We can start analyzing similar news and technological changes to look for interesting stories to compare the two time frames. See what you can find.
The AI craze now is certainly similar to the development of the internet bubble in the late 1990's. We have certainly heard this comparison before but this nails down the comparison into a more structural pattern that can be analyzed and used for making general projections.
I'll follow up on this and let me know if you have any questions.
Tim
10/16/2024 10:19AM EST
QQQ Weekly Outlook (SPY) for OCT 14, 2024A week ago, I provided a weekly long-term view of QQQ (link below):
I annotated that by looking at the weekly time frame, we can note that QQQ has been bouncing off the weekly trendline (TL) that started back in JAN 2023.
It has touched and bounced off that trendline 3x so far:
-MARCH 2023
-OCTOBER 2023
-AUGUST 2024
We started OCT 7th week around 487 and closed end of week at 493.36
Based on technical analysis, QQQ is in a triangle pattern with the top trendline starting on JULY 17th and then hitting it again several other times:
-SEPT 26
-OCT 9
-OCT 10
-OCT 11
The bottom trendline starts on AUG 5th and touches again on:
-SEPT 6
-SEPT 9
-SEPT 10
-SEPT 11
Another TL was drawn on SEPT 11 up which price has been respecting:
-OCT 2
-OCT 3
-OCT 4
-OCT 7
-OCT 8
-OCT 11
This has cause price to get tighter and tighter against JULY 17th TOP TL.
In addition, price has been making Higher Lows (HL) and Higher Highs (HH) starting from AUG 5th until current date. The following are the HH/HL:
HL: AUG 5/ SEPT 6 - 11 / OCT 1 - 3
HH: AUG 22 / SEPT 26 / OCT 11
The GAP that was created between JULY 16 - 17 was filled on SEPT 26 causing the market to GAP REJECT and push price down.
Price has once again come back to that gap and closed above it.
GAPS can be used in several ways. One being the initial rejection. As price is back above it again, what was once resistance / supply can now be potentially turned into support / demand. The second method can be the INVERSION of a GAP.
Utilizing my longer thesis from last week along with the new / current data, a bullish sentiment is formed going into this week for the following reason:
-Two bottom TLs have been respected and acted as support
-Higher Lows/Higher Highs are being made
-Price closed above the GAP that that acted initially as resistance and now turned into support (inversion)
-No economic catalyst for bearish scenario 'yet'
-Price had a strong close above the 5 and 8 EMA on the daily time frame.
Price Targets:
PT1: $498.44
PT2: $500
PT3: $501.01
PT4: $503.07
PT5: $503.52
PT6: $505
This is NOT financial advice but my opinion on the market.
NASDAQ:AAPL NASDAQ:AMZN NASDAQ:QQQ NYSE:ES SP:SPX #thestrat SEED_ALEXDRAYM_SHORTINTEREST2:NQ AMEX:SPY SEED_ALEXDRAYM_SHORTINTEREST2:NQ NASDAQ:MSFT NASDAQ:TSLA NASDAQ:NVDA NASDAQ:AMD
SaD
S&P 500 Daily Chart Analysis For Week of Oct 11, 2024Technical Analysis and Outlook:
In the previous week's Daily Chart Analysis for the Week of October 4, it was observed that the index maintained considerable strength at the Mean Sup 5700 on Monday. The remaining days of the weekly trading sessions have demonstrated substantial and vigorous progress, surpassing the previously completed Inner Index Rally at 5763 and its progress towards the Outer Index Rally at 5840. The upcoming trading session will demonstrate further sentiment regarding the bullish sentiment to hit the 5840 target. However, recognizing that achieving the 5840 mark will incite a volatile downward price action is crucial.
EUR/USD Daily Chart Analysis For Week of Oct 11, 2024Technical Analysis and Outlook:
The Eurodollar experienced sustained bearish sentiment during this week's trading session, reaching our reignited Inner Currency Dip of 1.090. The prevailing selling pressure towards the support level of 1.079 is temporarily halted. A transient rebound is anticipated due to the significance of completing the Inner Currency Dip. However, considering the current bearish price action, the probability of further declines to the support level of 1.079 remains substantial.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 11, 2024Technical Analysis and Outlook:
The Bitcoin "Interim Squeeze" channel underwent retesting during this week's trading session. It exhibited upward movement to Mean Res 64000 and subsequent downward movement to Mean Sup 60200, and it is currently poised to return to Mean Res 64000. A breach of this critical resistance level will catalyze a movement towards the Inner Coin Rally 67000 target, accompanied by further upward momentum, with the primary objective being the subsequent Inner Coin Rally identified at 69300. However, failure to achieve this rally will result in a downside interim bearish sentiment, leading to a decline in the coin's price to the Mean Support level of 58000 and possibly an Inner Coin Dip of 55500. Only then will the primary recovery and advancement into the subsequent phase of the bullish movement be realized.
BTC BIG PICTURE One of the lagre picture that I am following in the coming months. Everyone expects 100k, which is possible because you see targets 1 and 1,618, but since the first wave was impulsive, I don't believe it will have a big extension.
Targets 74k and 95k until the price tells me otherwise. As for the smaller tf, I will comment below
First look at the smaller time frame , I expect price to make 3-3-3-3-3 and confirm the final diagonal.
Another view is that this move has already started its third impulsive wave. Disability zones 62k-63k where I will know which side it will go after price test those levels
MercadoLibre (MELI): A Powerhouse in Latin America! MELI is solidifying its position as a dominant player in the e-commerce and fintech markets across Latin America. With Argentina’s economic surge and aggressive expansion in Brazil and Mexico, MELI is poised for significant growth.
📈 Key Highlights:
Economic Recovery in Argentina driving e-commerce activity.
Expansion into logistics and food delivery diversifying revenue streams.
Growing adoption of Mercado Pago enhances its financial ecosystem.
While I see strong fundamentals supporting a buy rating, a 5% drop could offer a better entry point. My fair price estimate is $2,709, based on a 5 year DCF analysis.
Let's keep an eye on the support levels around $1,936 and $1,824.
#MELI #MercadoLibre #Investing #StockMarket #Ecommerce #Fintech #LatinAmerica #GrowthStocks #InvestmentOpportunities #Stocktobuy #Pullback
Gilead Sciences (GILD): Pattern Still Intact—What’s the Plan?Let’s quickly review our open position in $GILD. We’ve managed to turn the whole chart around, and I hope everyone who bought in had the strength to sit it out. It was a close call with the stop loss, but now we’re up significantly, and we’ve moved our stop loss closer to $65.46. So far, we’re up 17%, and we don’t want to dictate when to take profits. If you’re in, do your own research and take profits whenever you feel comfortable—it's all up to you 👍.
If you take a closer look, you’ll see that NASDAQ:GILD has been following a nice upward pattern: a surge, then three candles down, then another surge. I’m not sure how long this pattern will hold, but as long as we don’t retrace too much, we should be fine. I also like that we’re respecting all the key levels. The RSI is about to be overbought, so we might see another three candles down, but this time it could be a deeper pullback.
We’ll see how it plays out, but we’re very pleased with this swing trade so far. Congratulations to everyone who’s been riding this wave 🍾.
Gilead Sciences (GILD): First Take Profit in a High RangeGilead Sciences is now back trading at the high end of its range, and we’ve decided to take our first profit here. It’s crucial to respect range-bound trading, and there is a strong possibility of a pullback at this point. However, we don’t expect this pullback to reach the lower end of the range again but rather settle in the middle. If NASDAQ:GILD reclaims this range high, it could provide even more upside and new opportunities.
We are also raising our stop loss to $65.80 to lock in gains. Gilead serves as our "natural hedge" against broader risk-on market conditions, and with a 40% bounce from the range low at the same time the S&P 500 is hitting new all-time highs, it’s clear that Gilead can benefit as well.
We’re keeping a close eye on this stock, and if another opportunity arises, we’ll be ready to act.
Mahindra and Mahindra next target buy rally?Mahindra and Mahindra takes a first target for harmonic pattern
and take off entry on breaker block
at CMP we can see a FVG also a extreme supply on that area if market breaks extreme supply around 3200 we can expect huge up side rally 3270,3440,also extreme target of 3700
lets be patient to close above supply and take a perfect entry
📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me !
Best Regards , Davis 🥰
Hit the like 🤞🏻 button to !! Motive some energy !!🥇
📌 Note :
⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading
⨹ This is my pre and post market analysis to improve my trading journey 🚀
⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀
⫸ You are responsible for your trading ✅ not me ❌ ⫷
HAPPY TRADING 🥰
JD.com (JD): Massive 97% Rally—What's Next?We mentioned Chinese stocks a while ago, and finally, they're starting to pay off—big time. We bought shares of JD.com back in July, and after a small dip, the stock soared an impressive 97% in just 65 days.
Shares of U.S.-listed Chinese companies are gaining momentum, fueled by continued stimulus efforts. September's PMI data beat expectations despite a decline in factory activity, which has further bolstered hopes for increased stimulus. Over the past week, JD.com's stock surged following the People’s Bank of China's aggressive monetary easing measures. The central bank reduced the reserve requirement ratio (RRR) by 50 basis points, bringing it down to 9.5%. This move will inject around 1 trillion yuan (approximately $140 billion) into the financial system. The increased liquidity gives banks more capital to lend, easing financial pressures on businesses like JD.com that rely heavily on consumer spending and economic confidence.
JD.com, often considered a barometer for China’s domestic consumption, has benefited significantly from this shift in sentiment, with investors betting that further stimulus measures could lead to increased consumer spending on e-commerce platforms.
From a technical perspective, there's not much left to say—we took some profits on JD.com, as this parabolic rise could either continue or see a pullback before another leg higher. All indications point towards further gains for JD.com, as it has smashed through all resistance and trend channels with remarkable strength. Our stop loss is set at break even, and we’re letting this trade continue to run.
$QQQ Longer ViewpointNASDAQ:QQQ is lagging behind AMEX:SPY and has not reclaimed ATH ' yet .'
Looking at the weekly time frame, we can note that NASDAQ:QQQ has been bouncing off the trendline that started back in JAN 2023.
It has touched and bounced off that trendline 3x so far:
-MARCH 2023
-OCTOBER 2023
-AUGUST 2024
Each time it bounced, it ran for approximately 100pts + and took roughly 124 - 140 days before consolidation and/or a correction / retracement / pullback occurred.
From a technical standpoint, NASDAQ:QQQ will attempt at All Time Highs (ATH) at $503.52 again. We have to be conscience of the divergence between AMEX:SPY and $QQQ. AMEX:SPY has already made a new ATH while NASDAQ:QQQ is lagging behind.
If ATH is broken on NASDAQ:QQQ and price move similarly to the last two weekly trendline bounce, then price could reach $528 and some change before possible consolidation and/or a correction / retracement / pullback occurred with a timeline of around mid-December.
Failure to reclaim and/or break ATH can cause NASDAQ:QQQ to return back to the trendline.
This is NOT financial advice but an opinion.
$SPY OVERIVEW ON THE MONTHLY TIME FRAMEAn overview of AMEX:SPY from a technical standpoint. This does not include any fundamental / economical consideration.
AMEX:SPY has been in this rising channel since 2020.
Each wave / rejection from the trendline / channel caused a 10 - 12 month directional move 100pts +.
AMEX:SPY is at the top trendline / channel again. Could see an upward continuation of price in an attempt to hit $600. Failure to break through $600 could start the retracement / correction / pullback over the next 10 - 12 months back to the bottom of the channel / trendline.
This would put AMEX:SPY at around $500, give or take 20 - 40 pts. This would be in alignment with what some of the more well-known analyst / economist has been stating about 15/20% correction.
Reason for the margin of error is the last two waves moved an avg of 140 pts. $500 is a key level psychologically and from an algorithmic point of view.
$600 is also a key psychological / algorithmic level as well. If there is a break of this level, market could see another 20 - 40 pts topside move before consolidation and then possible retracement / correction / pullback.
This is NOT financial advice but merely an opinion.
S&P 500 Daily Chart Analysis For Week of Oct 4, 2024Technical Analysis and Outlook:
In the preceding week's Daily Chart Analysis for the Week of Sep 27, the index adhered to the anticipated behavior by attaining the robust support level at Mean Sup 5700. This notable resurgence in the primary trend will likely prompt a robust bull movement toward the completed Inner Index Rally at 5763, with a high probability of surpassing it and progressing towards the awaited Outer Index Rally at 5840 within the upcoming trading session. It is imperative to acknowledge that reaching these objectives will trigger a volatile downward sentiment price action.
EUR/USD Daily Chart Analysis For Week of Oct 4, 2024Technical Analysis and Outlook:
The Eurodollar exhibited significant bearish sentiment during this week's trading session, and uncertainty prevailed regarding the currency trajectory amid Dead-Cat rebound activity. Three critical support levels were breached: Mean Support at 1.111, 1.108, and 1.101, ultimately stabilizing at the pivotal Mean Support of 1.097. The prevailing short-term buying pressure propels the currency towards a potential upward movement to the Mean Resistance level of 1.103. Nevertheless, the likelihood of further declines to the supplementary Inner Currency Dip at 1.090 remains strong, given the current interim price action.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 4, 2024Technical Analysis and Outlook:
The "Interim Squeeze" of Bitcoin has witnessed a significant decline to our Mean Support levels at 64400 and 63100, as well as the newly established 60200. On the upside, the cryptocurrency is approaching the critical Mean Resistance level of 64000. A breach of this pivotal level will trigger the movement to the Inner Coin Rally 67000 target, accompanied by further upward momentum, with the primary objective being the subsequent Inner Coin Rally identified at 69300. Nevertheless, the prevailing market interim bearish sentiment anticipates a drop to the Mean Support level at 58000, with the potential for an extension to the Inner Coin Dip 55500 before initiating the primary recovery and progressing into the subsequent phase of the bullish movement.
SWING IDEA - OBEROI REALTYOberoi Realty is presenting a promising swing trade opportunity based on the following technical signals.
Reasons are listed below :
Symmetrical Triangle Breakout : The price has broken out of a symmetrical triangle pattern, indicating a potential upward movement.
Strong Bullish Candle : A robust bullish candle signals increasing buying momentum.
Trading Above 50 and 200 EMA : The stock is trading above both the 50-day and 200-day EMAs, further reinforcing the bullish trend.
Target - 1950
Stoploss - daily close below 1730
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@visionary.growth.insights
Nifty Next MoveNifty almost gave a massive down trend its likely a retracement and we can see its already brake a trend line liquidity we can expect 60 %retracement or full retracement as Extreme ob area we can expect buy area from these ob areas
happy trading 🥰
📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me !
Best Regards , Davis 🥰
Hit the like 🤞🏻 button to !! Motive some energy !!🥇
📌 Note :
⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading
⨹ This is my pre and post market analysis to improve my trading journey 🚀
⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀
⫸ You are responsible for your trading ✅ not me ❌ ⫷
HAPPY TRADING 🥰
Understanding Warren Buffett’s Investment PhilosophyWarren Buffett is arguably one of the most successful investors of all time. Over the years, he has developed a set of principles and strategies over his career. He was inspired by the teachings of key financial thinkers like Phil Fisher, Benjamin Graham and Charlie Munger.
Key Influences
Phil Fisher
Fisher’s approach focusses on quality companies with long-term growth potential, emphasizing focused portfolios and long-term holdings. He believed in gathering information about a company beyond what’s readily available. His lessons on maintaining a focused portfolio and committing to long-term holdings are clear influences on Buffett’s patient, value-driven investment philosophy.
Benjamin Graham
Known as the father of value investing, Graham’s core principle was to buy stocks at a price lower than their intrinsic value, creating a margin of safety (MOS). This strategy helps mitigate risk and increase the likelihood of future gains. Buffett absorbed Graham’s teaching on finding stocks that are undervalued and buying them at the right price— definitely a large contributor of his investment success.
Charlie Munger
Munger is Warren Buffett’s long-time business partner. He introduced the concept of economic moats, which refers to a company’s long-term, sustainable competitive advantages. Munger advocates investing in businesses that can fend off competition and maintain profitability over time. This philosophy drives Buffett’s focus on companies with strong market positions and solid long-term potential, favoring these over shorter-term, speculative opportunities.
Buffett's Investment Approach
1 - Buy for the Long Term. Buffett’s strategy emphasizes identifying companies that can consistently perform well over long periods. He holds stocks for years, or even decades, often looking for opportunities where other investors may overlook value.
2 - Buy at the Right Price . Buffett is known for his discipline in waiting for the right moment to invest. His approach ensures he doesn’t overpay, instead seeking stocks when they are priced below their true value, maintaining a margin of safety.
3 - Buy the Right Stocks . Buffett doesn’t just buy cheap stocks, he buys quality companies with sustainable advantages. His goal is to invest in firms with strong business models that will continue to perform well regardless of market conditions.
Warren Buffett emphasizes investing in companies with simple and clear business models , ones that fall within his circle of competence. He prefers to thoroughly understand the operations, products, and long-term prospects of a company before making any investment.
This principle is combined with in-depth analysis of how the company operates and how sustainable its valuations and future growth prospects are. If a business model is too complex or outside his expertise, he avoids it.
He prioritizes companies with integrity and transparency in their management. He believes in backing leaders who are passionate, have strong vision and execution capabilities and who use shareholder funds wisely. Trusting management to run the company effectively, with efficiency and accountability, is critical for long-term success in Buffett’s eyes.
Investing in quality companies isn’t enough—Buffett also insists on buying them at attractive prices. He maintains a strict discipline of buying with a margin of safety, ensuring the price paid is lower than the company’s intrinsic value. This means waiting for opportunities to buy great businesses at fair prices rather than settling for fair businesses at attractive prices , which may not perform well over time.
Buffett has made many of his lessons and strategies available to the public through his letters to shareholders and partnership letters. These documents offer insight into his investment approach, decision-making process, and lessons from both successes and failures. There are several key books that capture Buffett’s life, philosophy, and strategies in greater detail:
Warren Buffett’s Ground Rules
The Warren Buffett Way
Buffett: The Making of an American Capitalist
The Warren Buffett Portfolio
The Snowball: Warren Buffett and the Business of Life
Each of these resources provides a comprehensive look into the mind of one of the most successful investors of all time, offering practical advice and detailed case studies of his investments.
________________________________
S&P 500 Daily Chart Analysis For Week of Sep 27, 2024Technical Analysis and Outlook:
The S&P 500 Index has recently exhibited a classic gap-fill pattern, reaching 5739 with an adjusted Index Rally to 5763 during the current week's trading sessions. However, there is a strong likelihood of a retracement to the newly established Mean Support at 5700 in the upcoming week. This potential retracement could lead to a further descent to the subsequent Mean Support level at 5620, potentially disrupting the current trajectory. Conversely, a substantial rebound to the Outer Index Rally at 5840 may intercept an anticipated downward trend, nullifying the projected decline.
EUR/USD Daily Chart Analysis For Week of Sep 27, 2024Technical Analysis and Outlook:
The Eurodollar has exhibited volatile fluctuations in the current trading session, encountering resistance at the pivotal Key Resistance level of 1.119 with a possible extension to retest the completed Outer Currency Rally of 1.124. This pattern reflects uncertainty regarding the currency's trajectory amidst the ongoing Dead-Cat rebound activity. The prevailing short-term buying pressure is directing the currency towards a potential downward movement to the support level of 1.111, with the prospect of further declines to supplementary support levels at 1.108 and 1.101, given the present interim price action.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 27, 2024Technical Analysis and Outlook:
During the recent weekly market activity, Bitcoin surpassed the completed Interim Coin Rally at 64900 but encountered resistance before reaching the subsequent significant target, which was noted at 67000. However, the prevailing market sentiment suggests a potential retracement to the Mean Support level at 64400, with the possibility of an extension before commencing the primary recovery and advancing into the subsequent phase of the bullish movement.