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Nasdaq Intraday Review - Tuesday 3 Dec 2024I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - JOLTS job openings @ 15h00 News - None Directional bias - BUY Morning analysis: M TF - Very bullish W TF - Very bullish, but at a strong resistance now. Price will need to break the prior week's highest close. D TF - Very bullish, yesterday's candle closed right at the weekly resistance 4H TF - Doji candle formed exactly on the W resistance but subsequent candles closed above. This doji level would be a good place for a mental stop loss because if candles start closing below this point, market could retrace. 4H 0.382 fib level (fib drawn from swing low at A to swing high at B.) + pivot point is far down...nearly 1000 pips from price (at time of writing at 5:49am). That's a long way down! Don't want to get into a deep drawdown situation. 30min TF - Ascending triangle forming (marked in orange lines). The resistance caused by the previous highest 4H candle close is holding candles down. But ascending triangles usually break upwards, as pressure mounts from bulls against the resistance level (although these market patterns can break either way). 2 x interest zones / areas of confluence identified: 1. Highest green highlighted area = pivot point + 4H 0.382 buy fib level 2. Lowest highlighted green area = This zone moved throughout the day at the 4H EMA moved, but eventually I settled on where it is marked now i.e. 4H EMA (at some point during the day) + 4H 0.618 buy fib level As the day progressed: Ultimately the ascending triangle broke downwards and a temporary downtrend line started forming as marked by the pink line. This line held down many candles but eventually was broken on the 15min TF and I entered a buy at the top hand icon - Confirmations: 1. Market pattern - DB formed on the 15min TF, with neckline broken upwards + also breaking the temporary down trend line. The ascending wedge market pattern profit target had also just about been met (price usually travels the same distance as the height of the market pattern once the market pattern is broken - marked with the orange vertical line) 2. S&R - seemed as though the 1H EMA was providing dynamic support 3. Trend - temp down trend was broken (price had crossed the pink line) and my buy was in the same direction as the overall trend - The trend is your friend. 4. Fib - small 1H fibs were being adhered to, but didn't really consider this as part of my confirmation 5. Candlesticks - None really Mental SL was placed at the thick pink line at about half the height of the DB. Unfortunately, price could not remain above the pink down trend line on the higher TFs and price moved down. I closed as the 15min candle closed below my stop loss. Took a loss of 250 pips, which I consider to be small and of no real consequence. I don't regret this entry, it was worth a try and the SL was tight, so not a lot to risk. Second buy entry was at blue arrow icon - Confirmations: 1. Market pattern - price had touched my green area of confluence and so I moved to the 5min TF where a DB formed and I entered on the break of the neckline upwards 2. S&R - pivot point 3. Trend - buy is in the same direction as the overall trend 4. Fib - DB formed just above the 4H 0.382 fib level 5. Candlesticks - long wicks down to the pivot point indicate that buyers are rejecting this zone and stepping in at this price level. ​ Mental SL was placed below the green area of confluence. ​ Price moved up, more than 250 pips from my entry and I secured at entry. Unfortunately, price moved back down and took me out at entry. Although I was ultimately right with my entries and direction....price was just to spiky for me today. I stepped away from my screens for a few mins at 16h00 and missed a nice entry at C. where price broke the falling wedge pattern that ultimately formed on the 1H TF (between the pink and blue lines). Was a bit bummed that I missed that one. So ultimately for me, I closed the day with a small loss, today was just too spiky for my trading system. Not complaining though because my risk was managed and I live to trade another day - "No Risk, No Magic" Hope you had a better day! :) Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
Riding Wave 5: Is $700 Just Around the Corner?Hey Realistic Traders, Will META Bullish Bias Continue ? Let’s Dive In.... In the Daily timeframe, META rebounded above the 38.2% Fibonacci level, marking the completion of wave 4. Within this wave, a Descending broadening wedge pattern was formed. Recently the price has broken out of the pattern. This breakout was further confirmed by a bullish MACD crossover, signaling increasing momentum and strengthening the case for a continued upward move. Based on these technical signals, I foresee a potential upward movement toward the first target at $638. After reaching this level, a minor pullback is likely before the rally continues toward a new high at $700. This outlook remains valid as long as the price holds above the stop-loss level at 550.00. Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on META.
NASDAQ:METALong
by financialfreedomgoals101
7
NASDAQ – Solid Foundation Amid Positive Economic DataNASDAQ – Solid Foundation Amid Positive Economic Data The NASDAQ index is finding strong support from favorable U.S. economic data and a stable macroeconomic outlook, particularly benefiting from the resilience of technology and growth sectors. Amid signs of moderating inflation and potential easing by the Federal Reserve, **seasonal trends strongly favor the NASDAQ, as December is historically a strong month for equities, especially tech-heavy indices. --- Key Economic Drivers Supporting the NASDAQ 1. ISM Manufacturing PMI – Signs of Stabilization - The **ISM Manufacturing PMI** for November rose to **48.4**, exceeding expectations, though still signaling contraction. This reflects progress toward stabilization in the U.S. manufacturing sector. - Slower input cost inflation and renewed job creation are positive signs for the broader economy, indirectly supporting growth-oriented sectors such as technology. 2. Construction Spending Growth - Construction spending** increased by **0.4% in October, showcasing resilience in the housing and infrastructure sectors. This strength in spending highlights consumer and government investment, which can indirectly benefit tech companies involved in digital infrastructure and smart technologies. 3. ISM Manufacturing Prices Paid – Easing Inflationary Pressures - The ISM Manufacturing Prices Paid** index dropped to **50.3**, significantly below the forecast of **55.2**. This is a positive development for inflation control, signaling moderating cost pressures in the manufacturing sector. - Implications: - Positive for equities: Lower inflation reduces the likelihood of aggressive Federal Reserve rate hikes, a scenario that benefits rate-sensitive growth stocks. - Stable monetary outlook: A gradual shift toward easing monetary policy supports technology stocks reliant on lower borrowing costs. 4. Fed Officials’ Support for Gradual Easing - Recent Fed commentary suggests a balanced approach to monetary policy: - **Christopher Waller** emphasized the possibility of a rate cut in December, citing a balanced labor market and controlled inflation progress. - **John Williams** forecasted GDP growth of **2.5% in 2024** while reiterating that inflation is expected to return to the 2% target. This fosters confidence in growth-oriented sectors like technology. - A potential rate cut would be particularly favorable for the NASDAQ, as tech companies are highly sensitive to changes in interest rates. 5. Consumer and Business Optimism - The **S&P Global U.S. Manufacturing PMI** indicated improving confidence and renewed job creation despite lingering challenges such as reduced international demand. This optimism supports steady sentiment for growth sectors. --- Seasonality and Market Sentiment Seasonality is a critical tailwind for the NASDAQ at this time. December is traditionally a strong month for the tech-heavy index, supported by holiday-driven consumer spending, portfolio rebalancing, and end-of-year tax strategies. The current **Fear & Greed Index**, standing at **64**, indicates a **greed-driven sentiment**, which typically aligns with upward momentum, especially for high-growth sectors. --- NASDAQ Outlook The NASDAQ is well-positioned to capitalize on these favorable conditions: - Easing inflationary pressures reduce the likelihood of aggressive Federal Reserve tightening, which is particularly supportive for rate-sensitive growth stocks. - Strong GDP growth projections and a resilient labor market provide a stable foundation for tech earnings and innovation-driven sectors. - Seasonal trends, combined with improving macroeconomic sentiment, create additional momentum for the NASDAQ as the year-end approaches. While global uncertainties and international demand challenges remain, the NASDAQ's long-term prospects remain **bullish**. Seasonal strength, positive economic data, and the potential for a more accommodative Fed policy stance are all aligning to favor continued gains for the index.
CAPITALCOM:US100Long
by InvestMate
NASDAQ Santa rally is starting.Nasdaq (NDX) has been following the blueprint of the 2020/21 Bull Cycle to high precision so far, as we showed on our analysis almost 4 months ago (August 19, see chart below): As you can see it is already marching towards Target 1 (23250) on the 0.236 Fibonacci retracement level, well inside the Channel Up. We expect that to get hit by the final week of December, which can be translated as the infamous 'Santa rally', a frequent seasonal price increase at the end of the year. As mentioned, this Channel Up displays strong similarities with the patterns of August 2020 - November 2021 and before the COVID crash of December 2019 - February 2020. All those Channel Up patterns are within the dominant long-term structure of the 6-year Bullish Megaphone. The key here is for the 1W MA50 (blue trend-line) to hold and continue to offer support, as within those 6 years the only two times it broke were during the corrections of the 2022 Inflation Crisis and the March 2020 COVID flash crash. As long as it holds, the current Channel Up should, besides the immediate Target 1 (23250), complete the sequence and peak towards the end of 2025 as close to a +185% rise (from the October 2022 bottom) as possible. This is why our long-term strategic Target (2) is a little lower at 27000. As a side-note, see how well the 1W RSI held and bounced in September on the Symmetrical Support Zone, in similar fashion as 2020 - 2021. Also the 1W MACD displays a similar pattern between the two fractals. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NDXLong
by TradingShot
1
Corcept Therapeutics: A Shining Star in US BiotechCorcept Therapeutics is making waves in the booming U.S. biotech scene, with its stock surging 46.2% over the past six months. The company, known for its Cushing's syndrome drug, Korlym, reported a staggering 39.1% year-over-year sales increase, reaching $310.6 million in H1 2024. With a market cap of $4.42 billion, Corcept is actively developing new treatments like Relacorilant, which shows promise in clinical trials. Despite a high PE ratio of 35.3x compared to the industry average of 19x, its strong revenue growth and commitment to R&D position it as a solid investment opportunity in the fast-growing biotech market projected to reach $1,786 billion by 2033. ◉ The US Biotech Industry Outlook The biotech boom in the U.S. is hotter than a California summer! Fueled by groundbreaking tech and government cheerleading, the industry is soaring higher than a SpaceX rocket. According to Vision Research Reports, the market is projected to soar by 12.4% CAGR from 2024 to 2033. This rapid expansion is driven by advancements in areas like genomics, gene editing, and personalized medicine, positioning the U.S. as a global leader in healthcare innovation. ➖ The US biotechnology market size was valued at $552.43 billion in 2023 and is anticipated to hit around $1,786 billion by 2033. ➖ Key players like Abbvie Inc., Genentech Inc., and Amgen Inc. are leading the market. Acknowledging the remarkable expansion of the biotech sector, we are taking a closer look at a stock that is showing considerable strength in its technical chart, complemented by robust financial performance. ◉ Company Overview Corcept Therapeutics NASDAQ:CORT is a biopharmaceutical company dedicated to developing innovative treatments for severe endocrine, oncologic, and metabolic disorders. Their lead product, Korlym, is approved for Cushing's syndrome, a rare endocrine condition. Corcept is also advancing several pipeline candidates, including relacorilant for Cushing's syndrome, treatments for various cancers, and potential therapies for neurological conditions like amyotrophic lateral sclerosis and nonalcoholic steatohepatitis. Founded in 1998, Corcept is based in Menlo Park, California. ◉ Significant Stock Performance of Corcept Therapeutics Corcept Therapeutics Incorporated's stock price has risen 46.2% in the past six months, despite a 2% industry decline. This surge is attributed to strong demand for Korlym, the company's sole marketed drug used to treat Cushing's syndrome, a condition that is primarily cured with mifepristone. ◉ The Economic Impact of Korlym The primary source of revenue for Corcept emanates from the sales of Korlym. The drug has showcased remarkable growth, evidenced by a 39.1% year-over-year sales increase, culminating in $310.6 million during the first half of 2024. This growth is attributed to robust demand and an unprecedented number of patients being prescribed the medication. ◉ Corcept's Stock Growth Factors ● Potential of Relacorilant: Positive GRACE study results suggest relacorilant could be a valuable treatment for Cushing's syndrome, potentially driving revenue growth. ● Pipeline Diversification: Corcept's ongoing exploration of relacorilant in GRADIENT study demonstrates commitment to expanding pipeline. ● Regulatory Progress: Successful completion of GRACE study positions Corcept for a new drug application in late 2024. ● Market Need: Successful relacorilant could fill significant unmet medical need for Cushing's syndrome. Investent Advice by Naranj Capital Buy Corcept Therapeutics NASDAQ:CORT ● Buy Range- 38 - 40 ● Target- 55 - 58 ● Potential Return- 35% - 40% ● Invest Duration- 12-14 Months ◉ Market Capitalization - $4.42 B ◉ Peer Companies ● Prestige Consumer Healthcare NYSE:PBH - $3.644 B ● Jazz Pharmaceuticals NASDAQ:JAZZ - $6.766 B ● Amphastar Pharmaceuticals NASDAQ:AMPH - $2.423 B ● Organon NYSE:OGN - $5.142 B ◉ Relative Strength ➖ The chart distinctly demonstrates that NASDAQ:CORT has significantly surpassed the US Smallcap 2000 index, attaining an impressive annual return of 30%, marking a remarkable accomplishment. ◉ Technical Aspects ● Monthly Chart ➖ The historical chart shows that the stock price is trending upward, marked by a sequence of higher highs and higher lows. ➖ Having recently moved out of the parallel channel, the price is set for additional gains. ● Daily Chart ➖ After an extended period of consolidation, the stock price has formed an Inverted Head & Shoulders pattern. ➖ Post-breakout, the stock has stabilized above the breakout point and is now striving for new highs. ➖ A surge in trading volume suggests that buyers are currently showing significant interest. ◉ Revenue & Profit Analysis ● Year-on-year ➖ In the fiscal year 2023, revenue experienced a significant increase of 20.4%, amounting to $482.4 million, compared to $401.9 million in fiscal year 2022. ➖ However, EBITDA faced a downturn, decreasing to $108.3 million in FY23 from $113.9 million in FY22. ➖ The EBITDA margin also saw a reduction, falling to 22.46% from 28.34% in FY22. ➖ Moreover, diluted earnings per share (EPS) rose by 8% year-over-year, climbing to $0.94 in FY23, up from $0.87 in FY22. **While the growth in EBITDA might raise some concerns, it's crucial to acknowledge that the company is heavily investing in its research and development sector, and this investment has seen substantial increases over the years. ● Quarter-on-quarter ➖ In the most recent June quarter, the company reached an impressive achievement, with quarterly sales hitting a record high of $163.8 million. This represents a 12% increase from the $146.8 million reported in the March quarter and a substantial 39% growth compared to $117.7 million in the corresponding quarter of the previous year. ➖ Additionally, EBITDA rose from $29.6 million to $36.2 million during the latest quarter. ◉ Valuation ◉ PE Ratio ● PE vs Median PE ➖ Corcept Therapeutics sustained a median price-to-earnings ratio of 19.7x from December 2019 to 2023. ➖ Presently, with a price-to-earnings ratio of 35.3x, the stock seems to be relatively expensive. ● PE vs. Peers PE ➖ CORT's Price-To-Earnings Ratio stands at 35.3x, making it quite pricey when compared to the average of its peers, which is only 13.6x. ● PE vs. Industry PE ➖ CORT's valuation seems high, as it has a Price-To-Earnings Ratio of 35.3x, which is considerably above the US Pharmaceuticals industry average of 19x. ◉ PB Ratio ● PB vs. Peers PB ➖ The current price-to-book (P/B) ratio suggests that the stock is slightly undervalued, sitting at 7.4x compared to the peer average of 10.8x. ➖ However, it's important to note that a P/B ratio of 7.4x is typically seen as significantly overvalued. ● PB vs. Industry PB ➖ When we analyze the P/B ratio against the industry standard, CORT stands out as being notably overvalued, with its P/B ratio of 7.4x far exceeding the industry average of just 1.7x. ● PEG Ratio ➖ The stock currently seems to present a compelling investment opportunity, featuring a PEG ratio of 0.84. ◉ Cash Flow Analysis ➖ In FY23, operating cash flow increased to $127 million, compared to $120.3 million in FY22. However, it's essential to recognize that when examining the overall trend from FY19 to FY23, there has been a decline in cash flow from operations. ◉ Debt Analysis ➖ CORT operates without any debt, showcasing the robust financial health of the company. ◉ Top Shareholders ➖ Blackrock presently possesses a significant 15.8% ownership in this stock, while The Vanguard Group maintains approximately 9.1% stakes. ◉ Conclusion Following a comprehensive examination of technical and fundamental metrics, our assessment indicates that Corcept Therapeutics possesses substantial growth potential within the US biotechnology sector. Notwithstanding elevated valuations, the company's increasing research and development expenditures demonstrate a strong commitment to its future prospects. Consequently, we consider Corcept Therapeutics a prudent investment choice at this juncture.
NASDAQ:CORTLong
by NaranjCapital
Nasdaq Intraday Review - Monday 2 Dec 2024I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - None News - None Directional bias - BUY. All higher timeframes are bullish. Morning analysis: M TF - November candle closed very bullish. Candle body is +- 9'600 pips. Indicates very bullish sentiment overall W TF - Last week's candle closed in a doji formation. Could be an indication that bulls are loosing momentum D TF - Fridays candle closed right at the resistance formed by Tuesday's candle. Could Friday's candle represent the second top of a DT? Neckline would be 1'700 pips down (at time of writing). But D EMA is right at neckline, so bears would have to push very hard to break this neckline down. In the past I have noted that when we have 2 x days, like Thanksgiving, where market was closed / half day, we see a COMPLETELY different sentiment come in on market open of the first "real" day of trading. It's like the extended trading guys where doing their own thing (in this case being bullish) and then when real market comes in, sentiment could be much different and a correction could occur. So need to be careful at market open. 2 x areas of interest identified (highlighted in green) 1. 1H + 4H 0.382 buy fib level + Pivot point + D 0.618 SELL fib level which bulls will want to stay above + 1H EMA (at time of writing at 6am) 2. D EMA (at time of writing at 6am) + W 0.382 buy fib + D 0.618 buy fib level As the day progressed: Entered a buy at the hand icon - Confirmations: 1. Market pattern - Price made a DB before reaching the first interest area. DB on the 1H TF with neckline broken upwards. The second bottom of the DB (at C.) is higher than the first bottom of the market pattern. This also contributes to the bullishness of the market pattern. Entered on the break of the neckline at the hand icon. 2. S&R - candle wicks touching 30 EMA and moving up (at time of writing in the morning), i.e. 30min EMA providing dynamic support. 3. Trend - Temporary down trend line broken (marked with top green line), indicating that the downtrend is over and price is ready to resume upwards. 4. Fib - A few wicks reaching towards the 4H 0.382 fib, but DB formed quite a way above this level. 5. Candlesticks - candle wicks touching 30 EMA and moving up, i.e. 30min EMA providing dynamic support. Mental SL placed at the thick pink line. Usually, I would place my stop loss at half the height of the market pattern but because this was such a tight DB, I felt I have to place it a bit lower where the first bottom occurred. If candles started closing below this point, I would consider closing. I opened a full position size and it was a banger of a day! Market open pushed straight up! Price ultimately moved 2979 pips from my entry. I closed when price made a DT on the 15min (indicated at the top hand icon). I would normally leave a runner, but I am on a mission to build my account and so don't want to leave money on the table. Made some good moola today! Hope you did too! Laters! Stats: Price moved a total of 3195 pips today. Of the total move, I captured 2651 pips / 83%. Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
2024-12-02 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. nasdaq e-mini futures comment: Clear breakout on the daily chart. ATH wants a retest and for now there is no reason why market would stop there. My upmost target is 22400ish but for now bulls want to hit the 3 upper trend lines and see which one produces most resistance. Bears come back into the picture with a daily close below 20800. current market cycle: Bull trend but also nested bull wedges on the daily chart. Will end in the next 3-8 weeks key levels: 21000 - 21500 bull case: Bulls have 3 obvious targets above now. First ath retest 21340, then 2 more upper bull trend lines from wedges. 22000 is possible over the next 4 weeks but we are in the last stage of the bull trend. Invalidation is a daily close below 21000. bear case: Bears gave up above 21000 and will probably try again above 20300 or higher. For now they don’t have any arguments before bulls begin to stall due to profit taking. It’s too late for bigger longs and too early to short. Be patient. Invalidation is above 22000. short term: Bullish for 21340 and then probably some more. Buying pullback is most likely the easiest way here. medium-long term: Will update this over the weekend. 22000 is a possibility but a bit far for now. Daily close above 20500 would bring it in play. First target for Q1 2025 is 19000. current swing trade: Nope trade of the day: Buy anywhere. Textbook breakout and market never looked back.
CME_MINI:MNQ1!Long
by priceactiontds
NASDAQ: Strong bullish breakout today targeting 21,600Nasdaq is bullish on its 1D technical outlook (RSI = 61.836, MACD = 123.620, ADX = 32.041) as today posted the strongest 1D candle since Nov 7th, extending the new bullish wave. The whole sequence is supported by the 1D MA50 since September 12th. Even though we are technically more than halfway through the wave, this is still a strong buy opportunity, aiming for a +6.80% rise (TP = 21,600) as it has previously done so inside the 3 month Channel Up. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
USNAS100 - Bullish Momentum and Potential Reversal LevelsTechnically: The price experienced upward momentum on Friday and maintains its bullish trajectory, with stability observed above the critical level of 20,860. Bearish Scenario: A sustained break below 20,860 could trigger further declines, with potential targets at 20,730 and 20,600. Bullish Scenario: As long as the price remains above 20,860, the bullish outlook remains intact, paving the way toward 20,990. A breakout above this level may propel the price to an all-time high of 21,230. Notably, a retest of the 20,860 level from the current price is a plausible scenario. Key Levels: Pivot Point: 20860 Resistance Levels: 20990, 21080, 21230 Support Levels: 20730, 20660, 20550
OANDA:NAS100USDLong
by SroshMayi
AST SpaceMobile (ASTS) Analysis Company Overview: AST SpaceMobile NASDAQ:ASTS is pioneering a global space-based cellular broadband network, enabling mobile connectivity in remote and underserved areas. Its BlueBird satellite technology and strategic partnerships position ASTS as a disruptor in satellite communications. Key Growth Drivers: BlueBird Satellite Deployment: Successful launch of the first five BlueBird satellites demonstrates AST’s ability to deliver innovative mobile broadband solutions globally. This milestone positions the company to begin revenue generation through early adoption and partnerships. Space Development Agency (SDA) HALO Program: AST’s selection for the Highly Agile and Low Orbit (HALO) program opens a significant opportunity in the government and defense sectors. This collaboration may lead to diversified revenue streams and further innovation in secure satellite communications. Network Expansion Plans: Agreements for up to 60 additional satellite launches in 2025-2026 will drive subscriber growth, enable broader network coverage, and accelerate revenue generation. Strategic Partnerships and Investments: Backing from industry giants like AT&T, Verizon, Google, and Vodafone highlights ASTS’s credibility and potential to reshape the global communications market. These partnerships may also enhance access to established customer bases, supporting rapid scaling. Investment Outlook: Bullish Stance: We are bullish on ASTS above $19.50-$20.00, driven by its transformative technology, strategic partnerships, and extensive market opportunities. Upside Target: Our price target is $40.00-$42.00, reflecting ASTS’s potential to capture a substantial share of the growing satellite broadband market. 🚀 AST SpaceMobile—Connecting the World, Beyond Boundaries! #SpaceTech #ASTS #SatelliteRevolution
NASDAQ:ASTSLong
by Richtv_official
Nasdaq Modest Gains Amid Mixed Data and Rising OptimismNasdaq Modest Gains Amid Mixed Data and Rising Optimism The market’s performance reflects ongoing digestion of mixed US economic data, supportive seasonality, and cautious optimism among investors. US Economic Data Highlights Recent economic data provided a mixed picture of the US economy, driving market fluctuations: - **Chicago Fed National Activity Index (Oct):** Fell to -0.40, below the expected -0.2. - **Dallas Fed Manufacturing Index (Nov):** Came in at -2.7, worse than the forecast of -2.4. - **New Home Sales (Oct):** Declined to 0.61M, significantly missing expectations of 0.73M. - **Richmond Fed Manufacturing Index (Nov):** Plunged to -14, below the forecast of -10. - **Durable Goods Orders (Oct):** Increased by just 0.2%, underperforming the 0.5% forecast. - **Initial Jobless Claims (Nov 23):** Reported at 213K, slightly better than expected (216K), but still pointing to a resilient labor market. - **Chicago PMI (Nov):** Dropped to 40.2, well below the anticipated 44, highlighting weakness in manufacturing. Market Sentiment and Seasonality Seasonality continues to work in favor of the Nasdaq, as historical trends during this time of year often support equities. The **Fear & Greed Index**, currently at **66 points**, indicates moderate optimism and a "Greed" sentiment, encouraging risk-on behavior among investors. Rate Cut Expectations Markets remain focused on the Federal Reserve’s upcoming meeting on **December 18th**, with a **62,2%% probability** currently priced in for a **25 basis-point rate cut**. Such a move could provide additional support for equities by easing financial conditions, though its long-term impact remains uncertain. Geopolitical Risks Despite today’s recovery, geopolitical risks linger in the background. The ongoing war in Ukraine remains a significant concern, with potential implications for global energy prices, supply chains, and economic stability. Long-Term Trend Intact, but Volatility May Persist The Nasdaq’s long-term upward trend remains intact, supported by strong fundamentals, favorable seasonality, and investor optimism. However, the current environment of mixed economic data and rising policy uncertainty suggests that short-term volatility may persist. Broader Context Recent data highlights a steady but moderating US economy, while forward-looking risks remain: - **Global Economic Outlook:** The S&P Global forecast projects global GDP growth of approximately 3% by 2025, with US growth slowing to below 2% next year and China toward 4%. - **US Policy Risks:** Potential policy changes under the new administration could elevate inflation pressures and tighten financial conditions, introducing further uncertainty for equity markets. Implications for Nasdaq Supportive seasonality and the potential for a December rate cut may provide short-term stability. However, investors should remain cautious as geopolitical risks and economic uncertainties could lead to continued market volatility. What’s your outlook for the Nasdaq after today’s recovery? Can the index build on these gains, or will headwinds from economic data and global risks limit its upside? Share your thoughts in the comments!
CAPITALCOM:US100Long
by InvestMate
Agape ATP Corporation - Is a Trend Reversal on the Horizon?If you’ve been keeping an eye on Agape ATP Corporation (NASDAQ: ATPC), you’d notice that the stock has been on a downtrend for quite some time. However, there are some subtle but interesting signs popping up on the chart that suggest things might be taking a turn for the better. Let’s break it down in simple terms. For weeks now, the price has been holding steady around the $1.50 mark. This is a big deal because it shows that the sellers might be running out of steam. It’s like a tug-of-war between buyers and sellers, and right now, the buyers seem to be putting up a good fight. One of the first things traders look for in a potential trend reversal is volume, and it’s starting to show some life here. Over the past few weeks, we’ve seen turnover starting to tick up. Why is this important? Because volume tells you where the action is. If more people are trading the stock, it often means something is brewing. Alright, let’s not get too technical here, but moving averages (MAs) are basically the average prices over a set period. ATPC’s shorter-term MA10 (10-day moving average) is beginning to flatten out. If the stock price can break above this level, it’s a strong signal that a new uptrend might be starting. Think of $1.50 as a floor. If the stock doesn’t drop below this level and starts climbing, it’s a sign of strength. Traders often keep an eye on such levels because they can act as launching pads for upward momentum. When you put all these signs together—stabilising price, increasing volume, flattening moving averages—it looks like the downtrend could be running out of gas. Sure, we’re not seeing fireworks yet, but the early signals are there. What Should You Do? If you’re thinking of jumping in, here’s the plan: • Watch the RM1.50 level like a hawk. If the price stays above it, that’s a good sign. • Look for more volume in the coming weeks. If it keeps picking up, the trend reversal could be real. • Keep an eye on the short-term MA10. A break above this line might be the green light you’re waiting for. As always, do your homework and manage your risk. No one knows for sure what will happen, but the signs are looking promising for ATPC. If a reversal is indeed underway, it could be a chance to catch the stock on the ground floor of a potential new uptrend. Stay sharp!
NASDAQ:ATPCLong
by HASHInvests200
NAS100 - Nasdaq will welcome Santa Rally?!The index is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel. In case of a valid failure of the bottom of the ascending channel, you can look for positions to sell Nasdaq to the 20500 target. Nasdaq buying positions will be after breaking the resistance and maintaining the ascending channel. Following the extended Thanksgiving weekend, financial markets had an opportunity to process a wide array of data and developments. Donald Trump’s victory in the U.S. presidential election earlier this month boosted the markets, as investors anticipated that his promises to cut taxes and ease regulations would enhance corporate profitability. However, Trump’s proposals to impose tariffs on key trading partners were largely overlooked by stock market traders, although certain sectors, such as the automotive industry, experienced adverse effects. Susannah Streeter, Head of Money Markets at Hargreaves Lansdown, stated, “There is still considerable volatility, and I think this stems from the belief that the potentially damaging impact of Trump’s tariffs may not materialize.” For equity investors, 2024 has been unexpectedly favorable, with the S&P 500 on track for one of its best annual performances in history. Both the S&P 500 and Nasdaq 100 have risen by more than 20%, while Nvidia’s stock has tripled in value. The ISM Manufacturing Purchasing Managers’ Index (PMI) last month dropped to its lowest level in a year and has indicated contraction for nearly two consecutive years. Despite the discouraging outlook it provides for the manufacturing sector, optimism remains regarding future economic activity, especially with the beginning of an easing cycle and the continued reduction in interest rates and borrowing costs. In contrast, the ISM Services Index for October reached 56.0, marking the strongest growth since the summer of 2022 Within this index, the employment component rose by nearly five points to 53.0. Steady consumer demand has been a key driver supporting the services sector. This week, the release of ISM Services PMI data will be closely monitored to determine whether persistent consumer demand and favorable labor market conditions can further stabilize and sustain growth in this sector. Additionally, the impacts of hurricanes Helen and Milton, along with widespread strikes, led to a modest increase of just 12,000 jobs in the Non-Farm Payroll (NFP) report for October. This report was cautiously interpreted as a clear sign of gradual cooling and weakening in the labor market. Beyond the NFP data, other indicators such as the unemployment rate, labor force participation rate, and average hourly earnings will also be critical. Together, these data points could guide the Federal Reserve’s decision on a potential interest rate cut in December. While the labor market remains relatively stable, evident signs of gradual declines in employment and wage growth are becoming increasingly apparent.
CAPITALCOM:US100
by Ali_PSND
Nasdaq Modest Gains Amid Mixed Data and Rising OptimismNasdaq Modest Gains Amid Mixed Data and Rising Optimism The market’s performance reflects ongoing digestion of mixed US economic data, supportive seasonality, and cautious optimism among investors. US Economic Data Highlights Recent economic data provided a mixed picture of the US economy, driving market fluctuations: - **Chicago Fed National Activity Index (Oct):** Fell to -0.40, below the expected -0.2. - **Dallas Fed Manufacturing Index (Nov):** Came in at -2.7, worse than the forecast of -2.4. - **New Home Sales (Oct):** Declined to 0.61M, significantly missing expectations of 0.73M. - **Richmond Fed Manufacturing Index (Nov):** Plunged to -14, below the forecast of -10. - **Durable Goods Orders (Oct):** Increased by just 0.2%, underperforming the 0.5% forecast. - **Initial Jobless Claims (Nov 23):** Reported at 213K, slightly better than expected (216K), but still pointing to a resilient labor market. - **Chicago PMI (Nov):** Dropped to 40.2, well below the anticipated 44, highlighting weakness in manufacturing. Market Sentiment and Seasonality Seasonality continues to work in favor of the Nasdaq, as historical trends during this time of year often support equities. The **Fear & Greed Index**, currently at **64 points**, indicates moderate optimism and a "Greed" sentiment, encouraging risk-on behavior among investors. Rate Cut Expectations Markets remain focused on the Federal Reserve’s upcoming meeting on **December 18th**, with a **66,3%% probability** currently priced in for a **25 basis-point rate cut**. Such a move could provide additional support for equities by easing financial conditions, though its long-term impact remains uncertain. Geopolitical Risks Despite today’s recovery, geopolitical risks linger in the background. The ongoing war in Ukraine remains a significant concern, with potential implications for global energy prices, supply chains, and economic stability. Long-Term Trend Intact, but Volatility May Persist The Nasdaq’s long-term upward trend remains intact, supported by strong fundamentals, favorable seasonality, and investor optimism. However, the current environment of mixed economic data and rising policy uncertainty suggests that short-term volatility may persist. Broader Context Recent data highlights a steady but moderating US economy, while forward-looking risks remain: - **Global Economic Outlook:** The S&P Global forecast projects global GDP growth of approximately 3% by 2025, with US growth slowing to below 2% next year and China toward 4%. - **US Policy Risks:** Potential policy changes under the new administration could elevate inflation pressures and tighten financial conditions, introducing further uncertainty for equity markets. Implications for Nasdaq Supportive seasonality and the potential for a December rate cut may provide short-term stability. However, investors should remain cautious as geopolitical risks and economic uncertainties could lead to continued market volatility. What’s your outlook for the Nasdaq after today’s recovery? Can the index build on these gains, or will headwinds from economic data and global risks limit its upside? Share your thoughts in the comments!*
CAPITALCOM:US100Long
by InvestMate
Nasdaq Intraday Review - Wednesday 27 Nov 2024I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - None News - None Directional bias - BUY Morning analysis: D TF - Noted a potential D neckline (which will form if market comes down, marked in neon green line) 4H TF - Noted a potential 4H neckline. If the 7am candle closes below the neckline, then price might be moving down and I would have to be patient and wait for quality confirmations before entering a good buy (marked in orange line) Difficult to identify areas of confluence, but highlighted two green areas: 1. The 4H EMA was roughly in the same area as the pivot point and 4H 0.382 fib level 2. The D 0.50 fib area was roughly in the same area as the D EMA Note: EMAs are marked on the chart where they were at a point in time on Wednesday. They have now moved due to passage of time. As the day progressed: Entered a buy at the hand icon Z. - Confirmations: 1. Market pattern - DB formed on the 15min TF, with neckline (+ pivot) broken upwards with a strong momentum candle 2. S&R - pivot broken upwards 3. Trend - Buy is in the same direction as the overall trend. The trend is your friend! 4. Fib - DB formed right at the 4H 0.382 fib level, indicating that price is reacting to this level and because neckline is broken up with a strong momentum candle, price is indicating that buyers are stepping in and price is ready to move up. 5. Candlesticks - On the 1H TF, price is managing to close above the 4H 0.382 fib level with wicks sticking out below. Mental SL placed at the thick pink line, which is below the 4H EMA for extra protection, i.e. hoping that price will indeed react to the dynamic support offered by the EMA. Price moved up, luckily more that 250 pips, and I secured at entry (placed actual stop loss at my trade's entry position). This is one of the rules of my system - place SL at entry after 250 pips. And Wednesday reminded me again how important it is to be super disciplined and always stick to your trade rules. I would never have expected Nas to make such a huge and aggressive correction. If I was sloppy with my discipline, I could have lost months and months of hard work building my account. So whatever your trade rules are, this is a reminder to stick with them EVERY TIME, because you created them to protect you and they will save you when you least expect it. Price dropped drastically, I was taken out at entry and then price proceeded to fall through the floor rapidly. I entered an aggressive entry at hand icon X. - Confirmations: Double bottom formed on the 15min TF right at the D EMA + W 0.50 fib level + D 0.618 fib level Price moved up and I closed at the end of the day at the blue arrow, making 637 pips for the day. I closed because I thought Thanksgiving would be slow trading and decided that I would not trade Thursday and Friday because I don't like slow trading. Looking at the charts now, I see trading was anything but slow!! Hope you had a good trading week! :) See you next week for some exciting trading! Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq Modest Gains Amid Mixed Data and Rising OptimismNasdaq Modest Gains Amid Mixed Data and Rising Optimism The Nasdaq index bounced back with a 0.48% gain today. The market’s performance reflects ongoing digestion of mixed US economic data, supportive seasonality, and cautious optimism among investors. US Economic Data Highlights Recent economic data provided a mixed picture of the US economy, driving market fluctuations: - **EIA Crude Oil Inventories:** Fell by -1.844M barrels, exceeding the forecast of -1M, signaling tighter supply conditions. - **US GDP Growth (Q3, Second Estimate):** Remained steady at 2.8%, unchanged from the previous estimate, highlighting consistent economic expansion. - **Personal Consumption and Spending:** October’s real personal consumption rose by just 0.1% (forecast: 0.2%), while consumer spending grew by 0.4%, meeting expectations but slowing from revised data of 0.6%. - **Durable Goods Orders:** Increased by 0.2%, falling short of the 0.5% forecast, reflecting weaker demand for long-term goods. - **PCE Price Index (YoY):** Increased to 2.3%, matching expectations but higher than the prior 2.1%, underscoring persistent inflationary pressures. Market Sentiment and Seasonality Seasonality continues to work in favor of the Nasdaq, as historical trends during this time of year often support equities. The **Fear & Greed Index**, currently at **64 points**, indicates moderate optimism and a "Greed" sentiment, encouraging risk-on behavior among investors. Rate Cut Expectations Markets are closely watching the Federal Reserve’s upcoming meeting on **December 18th**, with a **66.3% probability** currently priced in for a **25 basis-point rate cut**. If realized, this could provide additional support for equities by easing financial conditions, though its long-term effects remain uncertain. Geopolitical Risks Despite today’s recovery, geopolitical risks linger in the background. The ongoing war in Ukraine remains a significant concern, with potential implications for global energy prices, supply chains, and economic stability. Long-Term Trend Intact, but Volatility May Persist The Nasdaq’s long-term upward trend remains intact, supported by strong fundamentals, favorable seasonality, and investor optimism. However, the current environment of mixed economic data and rising policy uncertainty suggests that short-term volatility may persist. Broader Context Recent data highlights a steady but moderating US economy, while forward-looking risks remain: - **Global Economic Outlook:** The S&P Global forecast projects global GDP growth of approximately 3% by 2025, with US growth slowing to below 2% next year and China toward 4%. - **US Policy Risks:** Potential policy changes under the new administration could elevate inflation pressures and tighten financial conditions, introducing further uncertainty for equity markets. Implications for Nasdaq Supportive seasonality and the potential for a December rate cut may provide short-term stability. However, investors should remain cautious as geopolitical risks and economic uncertainties could lead to continued market volatility. What’s your outlook for the Nasdaq after today’s recovery? Can the index build on these gains, or will headwinds from economic data and global risks limit its upside? Share your thoughts in the comments!*
CAPITALCOM:US100Long
by InvestMate
3
Zillow Group, Inc. (Z) AnalysisCompany Overview: Zillow Group, Inc. NASDAQ:Z is a leading online real estate marketplace, transforming the real estate industry through innovative technology and strategic partnerships. Its platform serves as a bridge between high-intent homebuyers/renters and top-performing agents, fostering an ecosystem that drives revenue growth and enhances user satisfaction. Key Drivers of Growth: Agent Connections Strategy: Zillow’s approach of connecting motivated buyers and renters with experienced agents generates immediate revenue through lead generation while cultivating a loyal user base, contributing to a self-sustaining growth flywheel. Outpacing Industry Growth: Analysts forecast 12% annual revenue growth for Zillow over the next three years, surpassing the 11% sector average. This positions the company to deliver superior stock performance amidst a competitive market. Real Estate Tech Innovation: Under the leadership of CEO Jeremy Wacksman, Zillow focuses on developing cutting-edge tools that streamline real estate transactions, such as advanced AI-driven property valuations and user-friendly interfaces. These innovations solidify its role as a leader in real estate technology. Market Potential: Zillow benefits from the increasing adoption of digital real estate solutions, supported by consumer demand for convenience and efficiency in property searches, transactions, and rentals. Investment Outlook: Bullish Stance: We are bullish on Z above $63.00-$64.00, given its strategic growth initiatives, sector-leading revenue projections, and technological advancements. Upside Target: With its strong positioning, we target $105.00-$110.00, reflecting Zillow’s potential to capitalize on a growing market and its tech-driven competitive edge. 📈 Zillow—Innovating the Real Estate Landscape! #PropTech #RealEstateInnovation #ZillowGroup
NASDAQ:ZLong
by Richtv_official