updated NYSE PANIC AND TARGET OCT 4TH/20TH 10781/9609 Final low is in DEC at 8909/9223 I am working on the spirals still from past I will have that within this week . The chart posted is that of the NYSE I use this over all to give me a much clearer view as it is ALL the data . in 1987 panic the market dropped to a near perfect .382 from peak to low oct 1932 . and then again in 2009 the drop from 2000 to 2002 times 1.618 gave us the low .Then again in march 23/2020 from the peak in 2020 to the 1974 low a perfect .382 drop to the low . . I am of the view we will return to the level of the 4TH wave which is the march 23 low 2020 soon . Best of trades WAVETIMER ! I am 75 % net short see posts and aug 16/25 turn . or you should be in 100 % cash and should remain until US $ reaches 128 area . Most of you just want to H>O>P>E> that we will be off to the races after this low. I can tell you based on the debt cycle and after a 40 year bull market in expansion of debt that just started a long term BEAR MARKET . I have stated for the record we will see a P/E of lower that 14 and unemployment to see well above 6.3 % I stated by year end if I am off it will be by march 2023
Nyse
Nike is the New K-Swiss? Sheesh! A reach, or plausibly true?Well honestly, seeing that Nike's chart only exciting moment was during the bull run of Covid-19, I can only make the assumption that maybe that was the peak of Nike's capitulation.
Nike seemingly isn't the global sports fashion it used to be as sports are becoming the 2nd preference for entertainment nowadays. Let's be honest, you're excited about the game because of the social reward it brings.
The pandemic for sure snuffed that.
Kids love tablets. Kids love Fortnite. As a matter of fact everybody loves video games and social media, as the human game moves from social to individual based lifestyles. We're moving into a main character world society.
So I see Nike either becoming a pure fashion house which is crazy, or just becoming a ranging chart eventually priced to hit zero as Nike fades away.
I think for any of these legacy brands that can't keep up with a static high quality product that stands the erosion of time. Look at Hermes, the pricing on that stock is ridiculous, with neutral technical readings.
What do you think?
Green, potential growth - Nike acquires supply chain integration that
overlaps reseller industry while maintaining
green business model. A new shoe tech maybe . But what tech can nike implement into its approach that can really groundbreaking without setting a new pricing model for its products?
Yellow - Nike is still cool but can't seem to
shake new innovations by competitor
entering the space. might get stuck in a
outdated fashion model as 2 - 3 new generations
of humans entering grade school might think
nike is for lames. thats if kids even care about streetwear at
that point. Let's not forget with any trend, they end or restructure itself.
Trends are subjective to value by herd mentaility.
Red- Nike becomes the new K Swiss. I think this will also
correlate into the new interest of the incoming generations
whom all seem to be or will be metahumans.
generation meta. the generation that will only see value as intrinsic, but that's a maybe and very
speculative. Nike is only seemingly popular in social environments where it reigns supreme. The kids only like dunks.
Jordan branded nonndurables are just ehh.
Honestly when it comes to apparel brands, personally I don't see myself engaging any non durable seriously.
PS: Had to republish due to House Rule Violations.
PBF Energy Inc Triangle BreakoutThe idea here is about PBF Energy Inc:
PBF Energy, Inc. engages in the operation of a petroleum refiner and supplies unbranded transportation fuels, heating oil; petrochemical feed stocks, lubricants, and other petroleum products in the United States. It operates through the following segments: Refining and Logistics. The Refining segment refines crude oil and other feed stocks into petroleum products. The Logistics segment owns, leases, operates, develops, and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities, and logistics assets.
My view is bullish (Swing trade) for the below observed technical factors.
Points as per TA on a weekly & daily Chart:
1.Contracting or Symmetrical Triangle breakout on a weekly & daily chart at the time of publishing as per below:
2. Double Bottom formation under process at the time of publishing as per below:
3. Bearish Navarro 200 harmonic pattern CD leg in progress at the time of publishing as per below:
4. Trading way above 20 & 200 EMA on a weekly & daily chart.
5. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on weekly chart is Strong for an upward momentum at the time of publishing. However, Kumo twist on daily chart is weak & kumo breakout and kumo twist is neutral on monthly chart at the time of publishing.
6. RSI is at 58.59 on a weekly Chart and 61.02 on daily chart at the time of publishing.
7. MACD above signal line on daily chart & below signal line and converging on a weekly chart.
8. Hull Moving average is sell on daily & monthly and other moving averages are strong buy. However, weekly Hull Moving average & other moving averages on monthly chart is a strong buy.
9. ADX (Average directional index ) trend strength is at 14.37 on a weekly and 24.83 on a daily chart which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) Projected Target: provided in the chart as per double bottom & Bearish Deep Crab harmonic pattern. Trend is flat at the time of publishing.
Target: Provided in chart for double bottom & bearish Navarro 200.
Stop Loss: Provided in the chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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$SPX June bottom test. Up now or 40pts lower to weekly 200ma.Many people are wondering when the bottom will be in. Twitter pundits offer various reasons for a short-term rally. While those reasons may be logical and tradeable under normal circumstances, the market has yet to give us any confidence that a near-term bottom is in.
Interestingly (or alarmingly) SPX made a bullish reversal open today, only to form a bearish engulfing candle. Though remember, outside candles only trigger more selling if the low is broken, so that remains to be seem tomorrow. This chart presents a unique view of SPX using Heikin Ashi candles. White arrows mark turning points that correspond with RSI(14) dipping below 30. In the bottom pane I have included MMTH, a market breadth indicator. If you look back further on a weekly chart, MMTH normally is reliable for a turning point in markets.
While I would like to give weight to the bullish reversal today and think that markets will rally again in the next few days, I am using extra caution in my trade planning. Unfortunately, it seems this time around is not the "normal" that most traders are used to. Do not become biased by posts about historical matches and repeat patterns.
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AbbVie Inc, ABBV NYSE 4HNYSE:ABBV
rsi in the oversold territory, which is starting to reverse to the bull side,
flipped bullish on a micro timescale, falling wedge, breaking out to the upside,
first target 140.75, then possible retest before 146.26.
we've been in this long term downtrend channel since April 2022, I expect to break out of it, once
we test 150.36 flip it as support then go for for 175.89 previous April top. fundamentals and news tend
to effect this stock a lot, so with positive momentum and good news. bullish times could be ahead.
Bear scenario is we test 125 before a full reset.
For the current quarter, AbbVie is expected to post earnings of $3.59 per share, indicating a change of +7.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -2.2% over the last 30 days.
The consensus earnings estimate of $13.90 for the current fiscal year indicates a year-over-year change of +9.5%. This estimate has changed +0.2% over the last 30 days.
all this is just my opinion , none of what I say should be taken as financial advice. DYOR
Regards Percy
why fink sold his stake in BLK ? News: BlackRock Inc (NYSE: BLK) CEO Laurence Fink sold 44,500 shares of the company on Aug. 5 at a price of $684.61 each. The sale was valued at $30.5 million, according to Benzinga's insider transactions page. After the sale, Fink owns 563,771 shares of BlackRock.Aug 8, 2022 !!!
$SPX - Overbought or Trendline Breakout?Technical Analysis (TA)
The daily chart momentum indicators are showing signs of SPX being overbought with 1 of 3 indicators on the weekly showing early signs of being overbought.
We are testing the descending line and there is a possibility of breakout or rejection here.
With daily indicators being overbought a dip to 4080 would be welcomed to reset the indicators for a push above 4200 with more momentum than we are currently experiencing.
NAS100 Daily Outlook | August 09Hi All,
Find my thoughts on todays price structure below;
weekly - Bullish
Daily - Bullish
H4 - Not confirmed, but the break of 13213 level will confirm H4 bullish setup
H1 (a) - The break and closure of H1 candle bar above 13201 level calls for a very bullish move up to 13305 and 13498 levels
H1 (b) - Break and closure of H1 price bar below 13099 level will trigger price move to the next supports at 12979 and 12899 zones.
Watch out for fake outs and plan for then accordingly by waiting for good confirmations and insisting on good risk and trade management.
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Batch 1 - London Open ( trading EURUSD and GER30)
Batch 2 - NYSE Open ( Trading EURUSD and NAS100)
Potential setups for Walt Disney Co.NYSE:DIS
❇️ The shares of The Walt Disney Co., the world leader in the entertainment industry, are actively declining, being in the 108.00 area.
❇️ On the daily chart of the asset, the formation of a global downward channel with dynamic boundaries at 80.00–108.00 continues, and at the moment, the price has come close to the resistance line at 108.00 and is preparing to break it.
❇️ On the four-hour chart, the current growth has a high chance of breaking it and reaching the initial 23.6% Fibonacci correction around 117.00, which is the main barrier for quotes within a possible upward correction.
❇️ Technical indicators reversed and gave a stable buy signal: the range of EMA fluctuations on the Alligator indicator began to expand upwards actively, and the histogram of the AO oscillator forms bars with an upward trend in the buying zone.
Trading tips
👉 Long positions may be opened after the price rises and consolidates above 117.00 with the target at 133.00. Stop loss – 112.00. Implementation period: 7 days or more.
👉 Short positions may be opened after a reversal, reduction, and consolidation of the price below 101.00 with the target at 91.00. Stop loss — 105.00.
BIGGEST NYSE MOVERS OF JULY!We're coming to the end of July, which has been a great trading month for a lot of traders and what I wanted to do is dive into some of the biggest positive movers we saw across the NYSE. Looking into the stocks that are hot during an uncertain time can give you a really key indication on the sectors which consumer confidence is high in and therefor potentially highlight some opportunity.
I'm going to dive into five of the biggest movers pulled from the trading view stock Screener to really have a look at. We will looking into what sector they are in, what is it they actually do and what the value and technical rating from both from Morningstar and from Trading view.
VERTICAL AEROSPACE LTD. $EVTL
Monthly change - 155.24%
Sector - Electronic Technology
Morningstar Rating - ☆☆☆ (56% discount from fair value)
TradingView technical rating - Buy
Company profile: Vertical Aerospace Ltd is engaged in making air travel personal, on-demand, and carbon-free. The VX4, Vertical's flagship aircraft, is a piloted electric vertical take-off and landing (eVTOL) vehicle capable of carrying four passengers.
VELO3D, INC. $VLD
Monthly change - 91.30%
Sector - Producer Manufacturing
Morningstar Rating - ☆☆☆ (66% discount from fair value)
TradingView technical rating - Neutral
Company profile: Velo3D Inc provides an end-to-end metal additive manufacturing solution that helps create the future by printing never before possible parts. The Velo3D intelligent metal additive manufacturing solution is comprised of the Velo3D Flow intelligent print preparation software, the Sapphire production system, and Velo3D Assure, real-time quality assurance software. Its complete manufacturing solution enables clients to build the parts they need, speed their development, and reduce their product costs.
OAK STREET HEALTH, INC. $OSH
Monthly change - 70.74%
Sector - Health Services
Morningstar Rating - ☆☆☆ (34% discount from fair value)
TradingView technical rating - Buy
Company profile: Oak Street Health Inc is a fast-growing network of value-based, primary care centers for adults on Medicare. The company operates a healthcare model focused on the quality of care over the volume of services and assumes the full financial risk of its patients.
INNOVID CORP. $CTV
Monthly change - 60.84%
Sector - Technology Services
Morningstar Rating - ☆☆☆☆ (68% discount from fair value)
TradingView technical rating - Neutral
Company profile: Innovid Corp powers connected TV (CTV) advertising streaming, personalization, and measurement for various brands. Through a global infrastructure that enables data-driven personalization, real-time decisioning, scaled ad serving, and accredited measurement, Innovid offers its clients and partners streamlined solutions that optimize the value of investments across screens and devices.
RESOLUTE FOREST PRODUCTS INC. $RFP
Monthly change - 57.52%
Sector - Process Industries
Morningstar Rating - ☆☆☆ (23% discount from fair value)
TradingView technical rating - Buy
Company profile: Resolute Forest Products Inc is engaged in the forest products industry with a range of products, including market pulp, tissue, wood products, newsprint, and specialty papers. The product range includes market pulp, tissue, wood products, newsprint and specialty papers which are marketed to nearly 50 countries. The company owns or operates pulp, paper, tissue and wood products facilities in the United States and Canada.
As a whole, we have a bit of a range of different sectors achieving this top five movers in the NYSE over the past month. Most of these big movers have seen huge down moves recently, which could be seen as great opportunities as a discounted stock from their value. Considering over the past few months, we have seen huge sell offs in stock markets around the world as people get uncertain with the future of the economy and how well it's actually going to be run. What we can see is a huge short market all in the electronic technology or the technology services sector. Especially in those finite tech companies which haven't quite reached profitability yet and were massively bought on speculation on how well they were actually going to perform in the future.
The longer this uncertain worry goes on, the more investors are going to be willing to get back into the market and start going back risk on. These stocks which have been shorted heavily based on speculation and fear are going to be great opportunities to get involved. I myself, building a portfolio, am now starting to look into the tech sector as I believe there is a great deal of value involved.
I hope you like this quick little outlook on the biggest 5 movers in the New York Stock Exchange over the past month. As always have a fantastic trading week and I wish you all the very best.
-Jordon
One for the shopping list?Shopify - Short Term - We look to Buy at 36.75 (stop at 31.65)
Previous resistance level of 36.75 broken. Price action has formed a bullish ending wedge formation. We look for a temporary move higher. Preferred trade is to buy on dips.
Our profit targets will be 51.12 and 70.29
Resistance: 41.37 / 51.12 / 70.29
Support: 36.75 / 30.02 / 29.72
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Five-rr to one risk/reward!? Potentially.Fiverr - Short Term - We look to Buy at 38.44 (stop at 33.83)
Broken out of the triangle formation to the upside. A higher correction is expected. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Further upside is expected although we prefer to set longs at our bespoke support levels at 38.44, resulting in improved risk/reward.
Our profit targets will be 61.39 and 80.00
Resistance: 40.60 / 44.36 / 50.72
Support: 38.44 / 30.40 / 29.04
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Block: Nothing Block-ing further gains?Block - Short Term - We look to Buy at 71.84 (stop at 61.55)
Price action has formed a bullish ending wedge formation. A move through bespoke resistance at 71.84 and we look for extended gains. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. Preferred trade is to buy on dips. Expect trading to remain mixed and volatile.
Our profit targets will be 113.47 and 149.00
Resistance: 80.25 / 90.99 / 113.48
Support: 71.84 / 60.82 / 56.01
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
More af-FORD-able?Ford - Short Term - We look to Buy at 12.42 (stop at 11.47)
Broken out of the channel formation to the upside. Price action looks to be forming a bottom. A higher correction is expected. Expect trading to remain mixed and volatile.
Our profit targets will be 14.45 and 16.00
Resistance: 13.28 / 13.96 / 14.46
Support: 12.42 / 11.78 / 10.61
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.