Bitcoin / MSTR / ARM / SMH / INTC / IQGreat profits taken on a few trades today.
Bitcoin & crypto under pressure.
Semiconductors weak today.
TC members received 7 new trade alerts today.
1 Bonus stock pick at the end of the video.
SMH
TESLA & SMCI: the tail of Semis vs EV stocks.Tesla has had a beautiful bounce off support.
This bounce comes on the back of a strong market, charging higher.
If Tesla can hold above $195 it may move for the gap fill. Caution to the wind with Tesla as it has triggered a very bearish breakdown.
SMCI is one of the best performing Semis. Its gone completely parabolic on its earnings.
after gapping up 30% on its pre guide, its now up another 10% in the afterhours.
The semis seem to have an unlimited amount of capital flowing into them.
Look for an intra day short opportunity (day trade) on SMCI
Members Daily Analysis - Jan 28 2024Watching the Yield Curve inversion closely...10's - 2's is narrowing.
Weekly Reversal in the Semiconductors.
Oil massive breakout! Dollar next?
Tesla losing Mag 7 status...its now only 10th largest company.
Members Daily Analysis Jan 25Tesla Pummeled down 12% & Losing Mag 7 status.
INTC poor earning reaction, weighing on Semiconductors
Oil absolute definitive breakout.
Dollar looks ready to pop.
Vix creeping up.
All time highs : MEMBERS DAILY ANALYSIS Jan 21 2024 The S&P500 broke out this week to new all time highs.
Finally playing catchup the nasdaq indices.
Semi-conductors continue to be the bright spot in the market.
10 year yield confims breakout.
many S&P sectors closed negative on the week despite the marekt making ATH's
Nvidia & Bitcoin Breaking out!NVDA & BTC are trading in lockstep.
Are these behemoths signaling a new bull market?
A clear correlation is being observed ahead of the BTC spot etf.
Markets Hitting FOMOThe major indices have outperformed over the last couple weeks.
Shorts and put skews are at all time lows.
No downside protection is being bought at this time.
Are stocks going to the moon again?
8 DAYS OF UPSIDE IN S&P 500!Markets have had an extraordinary move to the upside with 8 days of consecutive gains and 9 days in the QQQ.
Semiconductors often lead the market and have now hit major resistance.
Microsoft has almost completed its bullish move.
SMH NVDA SPY & QQQ | Long Term Outlook Resistance Guide- SMH weaker than QQQ today potentially setting daily lower high but bears need more follow through at the moment
- NVDA still potential 4h head and shoulders pattern if we confirm more downside
- SPY very nearing 0.618 fib resistance we saw some money rotate from tech into SPY in the last two days making breath better
- QQQ bull flag confirm still super strong every trend is healthy no closed just at the golden pocket resistance. Most likely scenario is weekly consolidation in the next coming weeks.
SPY & QQQ indecision Day | Support & Resistance Guide - SPY back tested prior resistance and so far held it triple bottom today on 5m time frame around 417 range
- Key question is which way do we break on Monday if we break bear we can potentially go back into our 1.5 month long chop zone.
- Can SPY hold this support zone if QQQ consolidates/slight pullback next week?
- first day we see SMH a slow down a bit versus QQQ
SPY & QQQ Bull Break - Can we Trust this Move?- SPY trading double top at FOMC reaction highs from April
- QQQ Clear breakout but AAPL didn't participate that much
- Money rotating from AAPL into GOOGL and AMZN
- NASDAQ rising wedge still in play, but QQQ broke out of the rising wedge
- SOXX semi sector at potential H&S resistance, if it breaks out will give QQQ more fuel for upside.
- NVDA new 52 week high in sell zone now.
SPX & NADSAQ | KRE Fear Low | FOMC| AMD NVDA| Technical AnalysisRed flag 1: SP:SPX & SKILLING:NASDAQ did not break close above Key resistance yesterday
New fear low in AMEX:KRE regional banks, fear of snowing balling into something substantial
NASDAQ:AMD poor Q2 guidance down 6% AH dragging NASDAQ:NVDA to break its 280 support.
FOMC 11pm PST tomorrow 0.25 hike 90% chance.
Shorting NASDAQ:SOXX in AMEX:SOXS
NVDA & NSADAQ Key Resistance Analysis into FOMC Wednesday- Personally i think NVDA is overvalued but markets can stay overvalue for longer than you think and vice versa
- if we do get a quick reversal here from NVDA than it would be a bull trap right no zero signs of that.
- strong 15m EMA 12 guide for NVDA
- NVDA outperforming SMH and QQQ
- NASDAQ broke above resistance no follow through
- SPX did not break above resistance need both to break.
- AMD ER tomorrow AH
Semi Sector Analysis | $NVDA $AMD $SMH | Support & Resistance |- NASDAQ:NVDA still lead bull in the NASDAQ:SMH sector you can see AMD already has been dropping
- NVDA clear resistance 280 rejected multiple times
- SMH holding above its weekly support, 13 cents away from breaking on Friday.
- NASDAQ:MSFT and NASDAQ:GOOGL ER Tuesday AH will drag SMH which everyway the earnings come in.
$TSLA Weekly Downtrend Confirmed, $QQQ S&R Analysis - NASDAQ:TSLA broke weekly support confirmed weekly downtrend
- TSLA gap could be filled if we broke todays low of support
- NASDAQ:QQQ bounced off of megaphone pattern support still trading within
- QQQ likely break out of the range next week Tuesday 25th after big tech & MSFT reports earnings.
- Still holding onto my SOXS position
- check out my video from yesterday for big tech analysis key resistance
Friday 14APRIL2023 - NVDA Bearish ObsevationsTraders,
In this video I discuss my stance on NVDA and its relative NVDS (-1.25 Bear Directional ETF). I also discuss some other bearish patterns I am seeing on the charting.
This will be my last video on Trading View Unfortunately.
Good luck out there everyone.
OVER AND OUT
NVDA Future Long Term Outlook | $QQQ | Bank Earnings kick off- NASDAQ:NVDA shaping up a H&S bearish pattern on daily time frame
- NASDAQ:SMH / SOXX semi sector relatively weaker than NASDAQ:QQQ & $NASDAQ. that's why im still holding onto SOXS
- When lead bull sectors starts to turn into more bearish we have to be careful with the other sectors. So far it is showing relative weakness but not too big of a divergence yet.
- Bank earnings will not directly effect QQQ and SMH but will indirectly effect sentiment and if SPY drops a lot so will tech stocks and vice versa.
PPI Data | Bank Earnings | $QQQ Bear Break | - CPI came in 5%, personally i think it was pretty much priced in due to us knowing well ahead of data release at 5.1%
- PPI data tomorrow 530am EST
- bank earnings pre-market Friday.
- NASDAQ:QQQ & AMEX:SPY bear break, need SP:SPX to join SKILLING:NASDAQ tomorrow.
- still holding my AMEX:SOXS , shorting the NASDAQ:SMH /SOXX sector
CPI Data | FOMC Minutes | $QQQ tightening Range- Fed minutes Wed 2pm EST
- CPI Wed 530 EST
- PPI Thursday 530 EST
- added initial positions for AMEX:SOXS looking to add more if we get flat or lower CPI data then 5.1%. shorting the NASDAQ:SMH / NASDAQ:SOXX sector.
- we have been tightening up in an equilibrium since last Wednesday will very likely break tomorrow.
- NASDAQ:QQQ / AMEX:SPY will be using stair stepping candles as a guide to how to trade when data is release.
SPY & QQQ Key Zone to watch- Does QQQ hourly oversold mark the bottom of the daily consolidation low or bear take it lower tomorrow?
- March 28 hourly oversold on QQQ marked the bottom of that consolidation and we had a large bounce.
- SPY closed around yesterdays lows which is in the resistance zone
- took profit on my SOXS this morning re-added on the hourly bounce. SMH/SOXX still weaker then QQQ
SPY Daily Consolidation Resistance Zone 411-415- Yesterday's video i talked about SPY very likely having a pull back into this resistance zone
- now daily consolidation is on its way for SPY, will QQQ join
- looking to see if bulls will be buying up that hourly time frame oversold RSI, and market the low of the daily consolidation.
- Still holding my SOXX short - SOXS 3x leverage ETF
SPY Resistance Zone $411-415- $SPY and QQQ has been rotating around and currently not a lot of signs of bears.
- if money is rotating around sectors that means there's no fear and money isn't all leaving the market.
- But the market has ran up quite a bit so I am watching for a pull back and daily consolidation.
- taking a short on the SOXX/ SMH sector, added SOXS
$QQQ BULLS Continue but at KEY Resistance, PCE Data tomorrow- SPY QQQ gapped up again but ended up closing within todays trading range, unlike yesterday bulls have a strong follow through after open.
- PCE Data tomorrow morning 5:30am PST
- QQQ closed around key daily resistance.
- End of the quarter and month rebalancing tomorrow will bring lots of volatility
- Will XLF / KRE join team bull or QQQ / SMH join team Bear?
- i am slightly more bearish at this level but so far theres no red flags for the bulls at all for QQQ SMH SOXX
