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UNH Selloff Unreasonable - Still 15% ROI Short-TermSince my first NYSE:UNH idea a couple of days ago the price of this stock dropped significantly. If you've been part of the first idea you should've been able to lock in around 1.x% of return when using a tight stop-loss. Otherwise you've been stopped out with break-even. Nevertheless, the sell-off was not helpful and is completely exaggerating the situation at UNH since the company is not really effected by the current PBM debate. "Deutsche Bank sees a potential divestiture as not having a significant impact on earnings, estimating the risk at likely less than $200M of the company’s roughly $30B+ operating earnings. Deutsche Bank noted, however, that CVS (CVS), Cigna (CI) and UnitedHealth (NYSE:UNH) 'could face additional risk from losing the ability to vertically integrate the PBM, fulfillment and manufacturing functions of biosimilars through organizations like Cordavis and Quallent.' Despite concerns about the potential breakup of their pharmacy businesses, Deutsche Bank maintained it's buy rating on UnitedHealth (UNH)." From a technical standpoint we can see a confluence of support: Weekly SMA200 Strong Trendline from March 2020 Horizontal Support at $480 UNH managed to bounce from the trendline intraday today. This could mean we're going to see a turnaround from here. If we break below the trendline on the daily chart this trade will be invalidated. Otherwise our target sits at $550.
NYSE:UNHLong
by LGNDRY-Capital
1
TON Toncoin potential SelloffTelegram CEO Pavel Durov has been charged for failing to prevent extremist and illegal content on the messaging platform and placed under judicial supervision, according to the Paris prosecutor's office on August 28. Durov must report to the police twice a week and is barred from leaving France, the prosecutor's office stated on X. Parisian investigative judges have also ordered the Russian-born Telegram co-founder to post 5 million euros in bail. Meanwhile, TON Toncoin is currently in a bearish falling wedge pattern, with a new price target of $3.9.
Short
by TopgOptions
4
The Upcoming Collapse of USDT Theter - Thesis Binance and its CEO ‘CZ’ plead guilty to federal charges and agreed to pay $4.3B in fines. But that`s not all! The crypto market is facing increased scrutiny as part of an agreement between Binance's CEO, CZ, and the U.S. Securities and Exchange Commission (SEC). This agreement grants the SEC unprecedented access to Binance's comprehensive records, shedding light on various transactions, fraudulent activities, and instances of price manipulation linked to tether, which significantly influenced the surge in Bitcoin's value. Of particular interest to regulatory authorities is the revelation that CZ has agreed to provide the SEC with access to tether transactions, signaling a deeper investigation into the controversial stablecoin. Tether (USDT) has long been tethered to the value of the U.S. dollar, yet recent events have sparked concerns about its stability and transparency. What makes this development particularly noteworthy is the emerging focus on tether by U.S. agencies, who seem to be strategically positioning themselves to potentially replace it with Central Bank Digital Currencies (CBDCs). Unlike stablecoins such as USDT, CBDCs are issued and regulated directly by the central bank of a country, eliminating reliance on private entities or community-driven initiatives. As the SEC gains access to the intricate details of Binance's operations and tether transactions, the crypto community is left on edge, grappling with uncertainties regarding the future of stablecoins and their role in the broader financial landscape. The evolving narrative suggests a potential paradigm shift as regulatory bodies aim to instill confidence in the market through the adoption of government-backed digital currencies over privately issued stablecoins. The SEC's focus extends beyond Binance to specifically target USDT, with the intention of replacing it with Central Bank Digital Currencies (CBDCs) to assert control over all transactions. This strategic move is seen as a prerequisite for potential approval of an ETF in the future. Notably, Binance has been implicated in facilitating transactions linked to terrorist groups, including Hamas' Al-Qassam Brigades, Palestinian Islamic Jihad, al-Qaida, and ISIS, as highlighted in a statement by Treasury Secretary Janet Yellen. Looking forward to read your opinion about it!
COINBASE:USDTUSDShort
by TopgOptions
1
ASML (ASML): Massive Sell-Off - What's next after the $50B loss?We are sure you’ve heard about ASML’s massive drop yesterday, erasing $50 billion in market value within hours following a technical error and the earnings report published a day earlier. ASML, Europe's most valuable tech company and a critical supplier to chipmakers, is now facing doubts—not about its long-term prospects but regarding short-term sales and whether it can continue to outperform the market in the long term. As always, we’re not focused on intraday trades but are looking for bigger, high-risk-to-reward swing trade setups. To assess this, we’re turning to the Weekly chart to analyze ASML’s most important levels. Our most likely scenario at this point is that the All-Time High represents a wave B, after exactly respecting the 138% Fibonacci extension level. Coupled with the bearish divergence on the RSI, this pullback was expected. While it's difficult to predict the exact point of reversal, we see $600 as a major psychological support level that could hold in the short term. To reverse the current downtrend, ASML must break above the resistance zone of $850–$895. However, as this is a potential wave ((ii)), even reaching the All-Time High is not out of the question. Merely reclaiming this resistance zone might not be enough to signal a trend change. We’re keeping an eye on all major support zones, but the largest position we plan to open would be between $250 and $140. While this is still far off, and there will likely be opportunities along the way, this zone would provide the most textbook setup according to Elliott Wave Theory. The recent dip has also opened up more potential plays for the future. Stay tuned as we monitor the situation for further developments! 🔥
NASDAQ:ASML
by freeguy_by_wmc
6
NAS100 - End Of August - Are you not satisfied???Hello Traders. Come on guys, interact with the post if you seeing how accurate this is ! Notes for today Price tapped into our zone i mentioned in the previous post, 19,666 was to far but but 19,630 was my entry. Price was kind enough to come back to this point again today before NY killzone time. If you followed me from Monday, i mentioned we will see lower prices possibly up to 19,120. So far so good. If you caught it, you would be + 300 ticks minimum. For today, i am done. Will relook at the charts tomorrow. Trade safe 👌
OANDA:NAS100USDShort
by KingDee57
Coca-Cola (KO): Strength in Uncertain TimesAfter not taking a look at Coca-Cola for quite a while, it's definitely worth analyzing. As one of the biggest assets in the stock market, Coca-Cola seems to have the most resistance with a relatively low risk/return profile, making it very interesting in times of uncertainty. A shift from risk-on assets to risk-off assets could happen easily. Just by looking at the latest rise, we can see that while there was a big sell-off in all stocks, NYSE:KO only fell by about 1.2%. This showcases the strength I am talking about. After finishing Waves 1 and 2, we got the structure shift for a possible bullish rise. Because the intra-waves aren't very clear on NYSE:KO , we are looking at it from mostly the market structure perspective. Two points are highly interesting: the 3D POC just above the 3D Demand at around $60 and the Weekly Demand at $54. We are looking for a possible long bid on Coca-Cola but will wait for the opportunity to come. When it does, we will share it with you, of course. 🤝
NYSE:KOLong
by freeguy_by_wmc
Jobs Data Giving Recession Vibe. Is the Fed Late to Act (Again)?Why does it seem like the Fed is playing catch-up with the economy? In 2021 and 2022, the US central bank was jamming stimulus at a fast clip. Suddenly it stopped and reversed course to raise interest rates at never-before-seen speed (that’s when officials were saying inflation was transitory). Now, the skyrocketing interest rates are threatening to derail the economy. Or worse — throw it in a recession. The red-hot US labor market is no more. Or at least there wasn’t anything red-hot for America’s workers and job seekers in July (except for maybe the coast-to-coast summer heat). And now financial markets are in limbo. America’s employers added just 114,000 new hires to the workforce — a far cry from the expected 174,000 and even that consensus view was soft. The bigger-then expected slump in US jobs growth fanned concerns over a flailing economy and there was one major player to pin the blame on — the Federal Reserve. What’s the Fed? The Federal Reserve, or just the Fed, is the central bank of the United States. Its daily grind is to keep the economy from veering off a cliff or overheating like a meme stock on WallStreetBets. The Fed is currently headed by Jerome Powell, or Jay Powell, or even JPow if you’re cool enough, and serves a dual mandate of maximum employment and stable prices. For about a year, markets have been building up the conviction that the Federal Reserve should start thinking about cutting rates. But for months, the Fed didn’t even think about talking about cutting rates as a flurry of economic indicators was more or less suggesting that one slash might be a good idea. And now markets fear it may be too late for that. The steep drop in the employment figure for July suggested that the economy has started to crack under the pressure of interest rates sitting at a 23-year high of 5.50%. When rates are high they make borrowing more expensive and discourage businesses and consumers from taking out loans to run their lives better. Instead, they shove their cash in deposit accounts and generate passive, risk-free yield. In a nutshell, high rates = economic contraction; low rates = economic expansion. When rates stay higher for longer, the Fed runs the risk of tilting the economy into the very recession it is fiercely trying to avoid. Talk About Bad Timing The timing for that jobs data couldn’t have been more inconvenient. July’s nonfarm payrolls arrived just two days after the Fed praised the growth of the economy and voted against reducing its benchmark interest rate. To defend this decision, Chairman Jay Powell said that his clique of top central bankers need more good data that shows inflation is heading down toward the bank’s 2% goal. He also went on to say that he “wouldn’t like to see material further cooling in the labor market.” The press conference after that rate call did end on a high note. The Fed boss noted that an interest rate cut was on the table at the next meeting slated for mid-September. The issue, however, is whether a single 25-basis-point cut, as communicated, will be enough. Markets have already ramped up bets for a juicier 50-basis-point reduction to borrowing costs — a more aggressive monetary policy measure that will provide a stronger lean against a faltering economy. And while the difference between jobs added and jobs expected might be a factor, the severe pullback seems more about investors throwing a tantrum. "You should've cut rates, now deal with our unusually strong reaction as we make a statement," kind of play. The painful scenario where the Fed may have fallen behind the curve shook Wall Street and spread into global markets. Stocks in the US are in a free fall. The tech-heavy Nasdaq Composite slipped into correction territory, dropping 10% from its peak in mid-July. Tech giants , the main driver of the broad-based gains across the major US indexes, are heavily battered. But the selloff is widespread, jolting everything from stocks , to the US dollar to Bitcoin . Add to this an earnings season weighed by investor concerns over spending on artificial intelligence and you’ve got quite a few things to consider before you jump into your favorite stock out there. What Do You Think? Do you think the Fed will trim rates by a bigger 50-basis-point cut in September or even introduce an urgent interest rate cut before their next regular meeting? And are you comfortable betting on beaten-down equities across the board? Let us know your comments below!
SP:SPX
by TradingView
17
NQ Power Range Report with FIB Ext - 7/25/2024 SessionCME_MINI:NQU2024 - PR High: 19304.50 - PR Low: 19257.50 - NZ Spread: 105.0 Key scheduled economic events 08:30 | Initial Jobless Claims - Durable Goods Orders - GDP Continuing strong value decline - Recent political news taking the blame - Broken 2 daily pivots, ~20400 & ~19800 - ~1000 points from 20-Keltner Avg Evening Stats (As of 11:15 PM 7/24) - Weekend Gap: +0.25% (filled) - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 323.73 - Volume: 32K - Open Int: 250K - Trend Grade: Bull - From BA ATH: -8.2% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 18675 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQU2024
by mv3trader5
24/06/24 Weekly outlookLast weeks high: $67,290.83 Last weeks low: $62,212.60 Midpoint: $65,251.72 Despite the seemingly endless chop, last week was a very interesting one for BTC. Micro strategy added ~$800 worth of Bitcoin to their balance sheet, putting them at 226,000BTC, just over 1% of the entire BTC supply that will ever exist! In relation to microstrategy, Michael Dell has been sending some cryptic tweets reacting to the news that Saylor has added even more to their balance sheet. “Scarcity creates value” was his response. With the news that Dell is potentially buying or looking to buy Bitcoin it’s strange that BTC has dropped in price overall with overall sentiment in the space being very negative. As we continue to slowly sell off and alt oins continue to get destroyed in both their stable and BTC pairs, I would like to see a clear capitulation wick with obvious strength on the bounce. It’s hard to say at what level that will come to, many are calling for GETTEX:52K which is a clear Bullish OB+, so it could be there however that would be devastating for all alt coins and may/probably have a bearish effect on the launch of the ETH ETF which is coming in the near future, 1/2 weeks. For this week it’s purely about survival and looking for signs of capitulation, max fear and showing of strength following any potential sell offs. A slow bleed down within a range is very hard to catch the bottom but it would be better to see clear signs of reversal.
by ProR35
Economic Overview | The "Yellowstone Bubble"On Thursday, May 16th, I was sipping coffee and watching The Today Show , when a guest appeared on the program to talk about how much money YOU are supposedly making in your 401(k). Oddly enough the commentator - who was identified as the "chief business correspondent for CNN" - then reminded viewers that "you really should only look at your 401(k) once or twice a year".... What?....WHAT? My first thought: we don't need to be lectured on how often we should be checking on our retirement funds. But this got me thinking, WHY do these "professional money managers" insist that working people not pay attention to their money?? I am speculating here, but I assume it is because retirement fund managers (large investment institutions) are also in the business of making money and therefore TAKING PROFIT. Is there any evidence for this?... Well, yes: Now factor in all of the nonsense that is constantly pumped by television commentators, meme stock pumpers, crypto fantasies, immature CEOs, and more recently - celebrities and professional athletes. Have you ever stopped to think about the fact that there is a television commercial for $QQQ... Things have become so obscene that money managers are paying for airtime to deceptively lure regular people into buying their securities, so they can take profits, after already receiving bailouts. You've seen it, there are several versions of the same commercial and the narrative goes something like "I'm investing in QQQ for the future". The Unemployment Rate has bottomed - there is no more growth to be had and even if we were to see unemployment trend below 3%, we can go back to the early 1950s and 1960s to see that financial markets really DON'T return much more below 3% unemployment; again this is because there is no more growth below 3% and therefore marginally less return. Credit card delinquency is rising rapidly, thanks to inflation from Covid helicopter money. And Household Debt-to-GDP has also bottomed. This one is particularly concerning because as we just explained, there is no more growth to be achieved from here (UNRATE). So, ask yourself: what happens if GDP falls ? Answer: household debt as a proportion of GDP rises by at leas that amount (it's a ratio - it has no choice). Expanding on this question, ask yourself: what happens if household debt continues to rise, amid maxed out unemployment? Answer: the already record profit-margins of investment banks increase to highly unstable levels, thereby further incentivizing profit-taking. Anyway, I am calling this market the Yellowstone Bubble . Everyone is a rich tough-guy cattle rancher, everyone is a crypto professional, everyone thinks "Tesla is the future" (LOL), everyone is an AI expert, everyone is a pro because they scroll forums and listen to some podcast. In a world that runs on "users" and "clicks" and web traffic, you must remain vigilant! Take care!
FRED:UNRATEShort
by ChiefMacro
Aggregate Rate of Return All 401(k) PlansThe purpose of this chart is to show how retirement funds are drained once returns reach 20%. The reason this happens is because the purpose of the 401(k) is to prevent working people from ever reaching anything that resembles financial independence. From the time we begin our careers to the time that we reach retirement age, we are CONSTANTLY told that if we do NOT use the 401(k), we are "leaving free money on the table". But look at the chart. The reality is: retirement funds get drained, people lose their life savings ('08), and big institutional funds (supposedly fiduciaries) get bailed out, WHILE YOU LOSE EVERYTHING YOU WORKED TO BUILD. All I'm saying is: if you work with a "financial professional", you have a right to ask questions. You have a right to seek answers. You have a right to know what THEIR plan is for YOUR money. Look at the S&P 500. Ask your advisor: What causes these massive drops? Why does this occur? Am I protected? I will build on this in my subsequent chart publishing.
TVC:SPXShort
by ChiefMacro
7
Test of 427 at Least (final TGR pt. 5)Loading July puts in the price range 460-485. I will continue to accumulate puts in this zone until either of the 2 scenarios below occurs: 1) If price drops below 460 at any point 2) If price is still in this zone on 5/14 (next Tuesday) If either of these occur my position will be complete. Main/primary forecast: - Reversal begins tomorrow 5/9, initial target is a break below 460 by 5/10 - Goal target = 427 by 5/17 Alt. forecast : - META takes until 5/15 to break below 460 -Goal target = 427 by 5/31/2024 Stop Loss = close above 485 Not Fin. advice -------------------------------------------------------------------------------------------------------------------- This is my last prediction for now in The Goat Returns series (a set of bearish ideas for the expected market drop over the coming weeks). The other ideas in the series are linked below.
NASDAQ:METAShort
by JerryManders
11
BNB Faces Potential Sell-Off Following CZ's Sentencing TodayThe news of Binance's billionaire founder, Changpeng Zhao, being sentenced to four months in prison after pleading guilty to charges of enabling money laundering at his crypto exchange could potentially trigger a selloff in BNB. This development raises concerns about the governance and regulatory compliance within the exchange, which may lead investors to reassess the risks associated with holding BNB. Uncertainties surrounding the impact of Zhao's absence on Binance's operations and future prospects could further contribute to downward pressure on BNB prices in the near term. My price targets are: $510, $425 and $315.
Short
by TopgOptions
Im back again Premium Gold idea $$$ Gold has experienced a significant sell-off in recent trading sessions, driven by a stronger US dollar, rising bond yields, and inflation concerns. This has created a challenging trading environment for day traders in XAU/USD. While some may see this as a buying opportunity, caution is advised as selling pressure could continue. Traders should do their own research and analysis before making any trading decisions in the volatile gold market. Entry: 2312.74 SL; 2318.04 Target: is in the video $$$$ Like share and comment Follow for more #gold #XAUUSD #daytrading #selloff #USdollar #bondyields #inflationconcerns #tradingopportunity #volatility #tradingstrategy Trade God out
OANDA:XAUUSD
by TradeGod003
1