$SOUN :Is Sound Hound AI the next small cap to SURGE?! 98% move!NASDAQ:SOUN
Is Sound Hound AI the next small cap to SURGE?!
I believe this stock is gearing up for a 98% move higher! So, let's dive into my video below, which talks about the NASDAQ:SOUN stock charting setup for a SURGE to the upside and how it meets my 5/5 trading setup! (My personal trading strategy)
Not financial advice.
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Smallcap
Mid/Smallcap || Recovery As Expected, What now? The Midcap and Small Cap Index have shown signs of recovery as anticipated in my previous analysis. The index is now trading above the 20 EMA Band in the 2-hour timeframe (TF). However, several key conditions must still be met before we can confirm a sustained bull run:
1. 2-hour RSI should cross above 75 to signal strong upward momentum.
2. Daily timeframe (DTF) RSI needs to exit the Bear Zone.
3. NIFTY50 is still awaiting confirmation to move out of the Bear Zone, which would provide broader market support.
Mid/Smallcap || Nearing Key Reversal Zone?Many traders focus on midcap and small-cap stocks, so this index movements can significantly impact portfolios. However, stock selection is crucial; choosing stocks in a downtrend or sideways movement often limits potential upside.
Index Analysis:
1. RSI for Midcap and Smallcap Index in the daily timeframe (DTF) is close to oversold zone
2. 2hrsTF RSI is already in ovsersold zone, however there’s an RSI positive divergence in the 2-hour chart, a bullish indicator,
3. the index sits within a support zone, suggesting a possible reversal.
Market Outlook:
Limited Downside Expected: Significant further declines in midcap and small-cap may not be likely. Even if they dip, a recovery within the same 2-hour candle is possible.
Key Resistance:
A confirmed bull run may require the RSI to break above 75.
Disclaimer: This is based on my analysis and experience. It’s not investment advice, and market conditions may vary.
Hope for the Best
What does AI Fatigue look like for Indices? What is moving lately? Tech stocks in Nasdaq and S&P are down, whereas traditional stocks in the Dow Jones and the smaller-cap stocks in the Russell are holding well.
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Growing Divergences in Small vs Large CapsWhat do the labor market and the stock market have in common? They are both showing a huge divergence between the fortune’s big companies and smaller companies.
From 2009 to 2021, the large caps in the S&P 500 and the small caps in the Russell 2000 moved more-or-less in lock step. Since the end of 2021, however, investors in the S&P 500 have earned a 9% return. Meanwhile, investors in the Russell 2000 small caps are down nearly 20% from the index’s peak.
U.S. Labor Market Survey Data
We are seeing a similar divergence in U.S. labor market data as well with a huge gap developing between two different surveys conducted by the Bureau of Labor Statistics. The establishment survey, which is a survey mainly of big businesses, shows over half a million jobs were created over the course of December and January. By contrast, the household survey – which polls 60,000 American families each month and does a better job of capturing job creation among small and mid-sized firms – shows 1.2 million jobs have been lost in December and January, and nearly 700,000 people have left the labor force altogether.
The Impact of Interest Rates
Why would small businesses suffer while large companies prosper? One reason might be interest rates. Many large companies have significant cash reserves which are now earning 5% returns as a result of Fed rate hikes. Also, many large companies financed themselves by issuing bonds when yields were low during the pandemic. By contrast, many smaller businesses do not have large piles of cash earning interest in T-Bills. They typically borrow from banks and suffer the effects of higher rates more quickly than their larger counterparts.
The good news for small firms is that if and when the Fed begins to cut rates, their stocks might outperform the big guys in the S&P.
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By Erik Norland, Executive Director and Senior Economist, CME Group
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
STAA medical suppy small cap catching up from Covid LONGSTAA is a medical company specialized in implantable lenses. Many of those needing
lens replacements for cataracts put things off during the COVID era and eye surgeons are now
catching up on backed up patient loads. Medical insurance companies are burdened with
patients catching up from the covid delays for elective surgeries. The surgeons and medical
supply companies on the other hand are experiencing growth.
The rise of the AI cryptocurrenciesThere's a cryptocurrency related to AI called PAAL AI that has surged 2000X from its low last year. I know, it surprised me too!
Afterward, I examined some of their partners. One of the most affordable in terms of market capitalization, at just $1.7 million, is VUZZ AI.
While I'm uncertain if it will follow the same trajectory, I believe it's worth noting.
On February 8th, 2024, they announced that VuzzMind joined the Google Cloud Partner Advantage Program, which is quite impressive!
SHRAP trying to break above weekly OBShrapnel is the first AAA FPS in web3 with an outstanding US-based team and strong community.
Update on SHRAP - it's been recovering nicely after a 60% retrace, and now is trying to break about the weekly order block previously set on it's initial run up, clearly helped by AVAX's recent pump.
SHRAP may encounter resistance here and retrace before it pushes above this significant level. If/when it does, expect ATH / price discovery soon after.
Happy Trades,
CD
$PCYG from micro to small-cap as USA rolls out food traceabilityFSMA Rule 204 is coming into effect after the State of California won a lawsuit against the US Federal Government to enforce the law that was passed but sitting idle since the Obama Admin. Park City Group, Inc. owns the software Repositrak that has the most accreditation from the food safety industry. CEO has the pep in his step as the demand for food traceability solutions will be huge in the years to come as 204 gets rolled out. Read this to learn more about it www.qualityassurancemag.com
CheckDot CDT/USDPossible great buy zone for CheckDot for long term hold. This insurance projects marketcap is ONLY 1,4 Million. I think this project is vastly underated. I'm looking for 20-100x for this hold in a few years. Patience is needed.
If price breaks the 200EMA zone, I'll take my calculated risk and wait for next big opportunity around 13 cents OR buy back if price gets back on top of the 200EMA zone.
As long as we have a DEFI which is has crazy amount of hacks, insurance will play a big part I believe.
Last year 2022 investors lost 3,8 BILLION due to crypto hacking.. That's a ridiculous amount.
Remember as this is a really small marketcap crypto it is quite illiquid.
Lets also check few things from weekly and monthly charts
Happiest Minds (NSE: HAPPSTMNDS) // Going Bullishwww.tradingview.com
HAPPSTMNDS : After a great fall and making 52w low, this is currently trying to exit from consolidation phase. One can look for medium to long term buy by keeping the StopLoss at 890, the first target can be 960 and then the next target will be 1015 and then 1120. These are immediate targets. The final target will be 1490. One can start with low volume and gradully keep increasing that.
US2000 H4 | Potential bearish reversalUS2000 could rise towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 1,987.83 which is a pullback resistance.
Stop loss is at 2,024.47 which is a pullback resistance that sits above the 61.8% Fibonacci retracement.
Take profit is at 1,923.50 which is a pullback support.
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SHR/USDT finally reaches its bottomSharering has just announced some massive news, namely that they have been certified as a digital identity services provider in the UK, which means they are now able to offer their digital identity solution for labd registry purposes in the UK. In other words, they have essentially partnered up with the UK government.
cointelegraph.com
We are talking about a coin with currently a $3.5m marketcap. This news comes right as the chart has formed a perfect double bottom pattern on the weekly, and is sitting near the all time low.
I think buying SHR right now carries relatively low risk for how small of a marketcap the coin has, because it is already completely bottomed out, and once people catch a glimpse of this news and the chart, they will for sure feel some FOMO.
The only thing currently preventing this coin from starting the inevitable moonshot, is the fact that this news is going completely under the radar and nobody is talking about it.
Once this chart starts to take off, there is some huge potential profit to be made. A 10x could just be the beginning.
skm egg LONG 415 ZONE another stock with rising revenues and rising profits
stocks retraced quite a bit off all tiem highs and moving into ASM
Might be a while before stock really starts moving due to this factor , entering on fib retracements and support , can add at 395 , sl closing below 345 ill be gone
XSO.AX ~ Snapshot TA / ASX Small Ordinaries IndexChart mapping/analysis for ASX Small Ordinaries Index ASX:XSO
ASX Small Ords ETFs:
- ASX:MVS ASX:SSO ASX:ISO ASX:SMLL
Constituents (aggregate ETF holdings):
- ASX:ANN ASX:AUB ASX:BPT ASX:CNU ASX:CSR ASX:FLT ASX:ILU ASX:JBH ASX:LTR ASX:MTS ASX:NHC ASX:NSR ASX:ORA ASX:PME ASX:QUB ASX:SFR ASX:TLX ASX:VEA
CAPITALCOM:AU200 ASX:XJO
GRI Bio periodic pumps
GRI Bio recently underwent a 1/30 split on April 24th, accompanied by a merger/restructure of Vallon Pharmaceuticals. The stock price immediately tanked approx. 50% in the following days. The price has held above the low of $5.50 on April 26th for over a month. Based on past performance, this stock has a tendency to jump 30 to >200% in a single day. GRI Bio has touted the merger and restructuring will bring "near term" value to stock holders, and perhaps a catalyst will emerge in the coming month(s). I think this is a safe long with stops at $5.50 or thereabouts. A jump to $10 or higher seems reasonable, but will likely retrace immediately.
SKL/BTC clear bullish divergence on the weeklyJust noticed this bull div on the weekly SKL/BTC chart. I found this after I was already bullish on the SKL/USDT chart, as it is in a slow and steady uptrend now after basically forming a double bottom and looking prime for a breakout in the next few days. I'm looking for a big and fast breakout towards the $0.04 - 0.05 range (current price is hovering around $0.029.
IWM Russel 2000 - No Love For Small CapsI hadn't really looked at IWM until a follower asked me about it on Twitter, and after thinking about it for a few hours and comparing it against SPY and QQQ, I realized that it's not that IWM is lagging, it's that it's not going to follow the recent mania.
Some wisdom I heard recently is that breadth is important in markets because it indicates a large amount of liquidity has entered or left, indicating the emergence of new bull and bear markets.
Unfortunately, with the exception of Friday alone, breadth has been terrible in this debt ceiling crisis pump, which means even though Nasdaq is flirting with 15,000 and SPX with 4,300, it's a bullish impulse within bearish macro conditions.
There's a lot of trouble on the horizon with the 2024 Presidential Election close enough that the game has to played and the trouble brewing in mainland China with the Communist Party being about to fall and the globalist bloc struggling to either cuckold or depose Xi Jinping.
What a bullish impulse in a bearish macro framework means for small caps is that although Microsoft, Nvidia, Google, Tesla, Amazon, Apple might pump, liquidity is not going to be going "risk on" on small caps and zombie corporations.
Instead, prices will be driven lower because as they sell the cycle highs in the blue chips, they'll be bidding a portion of their profits with lowball asks on small caps for the purposes of pumping them, and then dumping them, on retail's head after interest in the big names has become exhausted.
Those very large lowball asks will lead the algorithms to drive price towards them because the algo is designed to generate volume.
But on small caps, unless the company has significantly exceptional fundamentals, your expectations on how high it can go and how long it can go for during a reversal will have to be quite reserved.
In other words, if you missed the July '20 to October '22 pump on IWM then you missed the train and it's never coming back.
It is what it is. Just accept it.
You can make a lot of money trading puts on this thing on the way down.
It just means that if it really does bounce around $125, your expectation for where it can bounce to shouldn't be a new ATH, but probably back to $170.
Again, you can make a lot of money trading calls from $125 to $170.
But if you want to bUy tEh bOtToM fOr thE mOaSS and think you're going to get a 50 bagger instead of a "tiny little" 5 bagger, you're going to blow your account.
And if that's who you are, it's probably better you blow your account and go back to working a real job and learn the value of money again.
So here's the trade.
This recent breakout looks like it's just a consolidation squeeze. It's going down. But it might screw around for a while and could be as annoying as trading over $200 again. It's really hard to say.
Areas you'd really like to short and/or buy puts are called $188 or $190.
You'll need 4-6 months or so to get to the $127 level.
But either way, the R/R on a $188 short with a $212 stop and a $130 target is almost 7 to 1.
Go do sports betting for a while and enlighten to how hard it is to hit a +700 if you don't think that's a worthwhile trade.
You need to quit wanting to get rich quick. Getting rich isn't important and it isn't even valuable. What you need is to wake up to what's important in life and what you're really here to do.
And that question is answered in mankind's traditions and that 5,000 year old culture sitting in Mainland China after the CCP is utterly annihilated.