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NVDA DAILY WOLFE WAVE SETUP OVER THE WEEKENDOn Sept 2, 2022, a daily wolfe wave entry was triggered. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. Since there is no apex associated with the daily wolfe wave, an alternative price objective would be required using gaps, previous support levels or time. If there was an apex formec, then the projected target is defined by identifying the apex location and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. Short term target is near gap at 150 or 21 day ma which is 164. Conservative level would be 155. I hope this helps.
NASDAQ:NVDALong
by TOSOPTION
1
NQ - Large Funds were Friday's Sellers / Macro Context8 Minutes and 49 Seconds: "The Federal Open Market Committee's (FOMC) overarching focus right now is to bring inflation back down to our 2 percent goal." "Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance." "While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses." __________________________________________________________________________ $3 Trillion in Equity Complex losses, the result. __________________________________________________________________________ After a slow build, FOMO took hold as the Financial Media began its Pivot dialogue. On 34 separate occasions, Fed Members attempted to extinguish the narrative which appeared to self reinforce - every time a Board of Governor member spoke. A bizarre and high velocity move higher to the day of reckoning which took participants by surprise. Their overarching thesis had been reduced to a puddle in 8 minutes. __________________________________________________________________________ A slow-motion waterfall of 4.5% for the NQ, blowing through the .618 or Negative .382 of the entire move off the lows to very recent highs. A powerful message to Market Participants, which became self-reinforcing as the Afternoon progressed. Internals collapsed as Large Funds began liquidating Tech. If you have followed recent commentary, you understand why. Markets were simply a ticking bomb, hot potato, and overreach of extraoridnary guile as Meme's went ballistic only to give it all up and likely much more in the coming weeks. Bonds, the Dollar, Energy, and Soft Commodities are all at Pivotal junctures. __________________________________________________________________________ "The historical record cautions strongly against prematurely loosening policy." - began to cycle through mindshare across Trading Desks as the PM Session unfolded. An important admission by a Fed Chair. One that I have repeatedly hammered home here on Trading View through Multiple commentaries with a multitude of examples. Without exception - every one of the 9 events where inflation crossed 5%: 1945 1948 1953 1969 1973 1980 1981 1990 2007 Recession followed. 2022 is somehow different... according to some, new, All Time Highs will arrive. It is absolutely, not different. "The historical record cautions strongly against prematurely loosening policy." It does indeed, although the results this time will be extraordinarily different as the foundations are crumbling along with future arrangements. During recessions, the Lows formed After the Fed began to reduce rates - within 1 to 3 months the bottom formed. In sum, this is in no way similar to the prior 9 Recessions, and the Federal Reserve knows this very well. __________________________________________________________________________ We are facing extreme Volatility once again, I see no signs of it letting up. Mid-Term Elections are outliers, we will see how the Admin attempts to Politicize the the new reality - "Inflation is Zero" will not do. The DX breaking 110 will create panic.
CME_MINI:NQ1!
by HK_L61
$AMD Fib RetracementNeutral analysis of $AMD showing a Fib retracement from its pre-pandemic high of 59 to its all time high of 146. Notice how technically significant the 0.618 and 0.786 retracement levels have proved to be for support and resistance. $99.45 = .618 $81.78 = .786 This checks out fundamentally as well. $100 and $80 are psychological levels to buy and sell at (0.382 / $125 as well: August 2021). This is why these prices acted as significant levels. As of 8/22/22, it is currently battling between these two levels. Although the retracement is neutral, traders should lean bearish on chips here, as AMD and NVDA are starting to look like massive head and shoulder tops.
NASDAQ:AMD
by kyletradescontracts
1
SMH - TECH Welfare @ $282 Billion / $25B Tax Credit PerNancy and the Gang anxiously await the Senates Taxpayer handout to the Industry. Po Nancy, $107 Million simply is not enough for her and Pablo the Shark Tank Drunk. Nancy had to gobble $341K in losses on NVDA after exiting her 25K Shares in a loss due to slime lights a shinning. Bravo, add 3 zeros and it's all good. Everyone should lose a hand. Preferably, a head. __________________________________________________________________________ They'll need to expedite this Grift Gift as China's warned off the Carrier Group as well as Fancy - show up and it's going to be "A Dangerous Moment"... Nancy risks our young men and women in the Navy with harm's way... Don't give it a second thought. Saddle up and please take the rest of the House and Senate with you. Create a Threat to National Security... Risk Lives, Profit from it as a matter of course. Shut up Hoi Polloi, we didn't ask you, we decide - you obey. ___________________________________________________________________________ The insiders in and outside the Beltway can't wait to get this Theft to the House and wrap it up for August recess. Qui Bono, you ask? Intel, TSMC, and Texas Instruments - direct Jing. Fabless chipmakers like Nvidia and AMD will not be left out in the cold. They will receive "Scientific Grants out of the $230 Billion in free money for "Innovation." It is quite likely the following Companies will join the Grift eventually: Micron Technology Inc. (MU) Amkor Technology Inc. (AMKR) Camtek Ltd. (CAMT) Analog Devices Inc. (ADI) Although these ladies doth protest too much, it's an irresistible deal... free money. We'll see $175B in Tax Credits gifted when everyone joins the Semi-Orgy. You and me - we get the Bill @ $457 Billion. Enjoy or do something. ps. - IMF: Russian economy doing better than expected
NASDAQ:SMH
by HK_L61
8
MU daily wolfe wave SMHThere is a daily wolfe wave setup that triggered on July 1 closing day at 53.65. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 84.69 which is expected to reach this price target before Sept 22. Projected targets are defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection tgt which is extending from left to right. Using the customizable gap finder indicator there are sets of gaps along the way toward 84.69.
NASDAQ:MULong
by TOSOPTION
piling up bad news on semi conductor industryAMD is on a really important zone here. if this breaks, its going to be a disaster for it. we can see 59-60. most of the semi conductor names like AMAT, NVDA or just semi etf SMH are pretty close to 200 weekly moving range. we might see it next week. MU reported ok numbers for this quarter but their guidance is awful. • They slashed EPS by 40% and REV by 20% in guidance. • Operating margins of this quarter are inline but they guided way lower operating margins for next quarter which shows the pressure on their raw materials and inventory side. • Operating cash flows for this and next quarter are also a miss but thats not surprising considering their margins going down. • Also, CEO on call said the demand is weaker for semi’s right now which probably is why semi’s have been getting hit in the last week or so. The biggest issue i see on MU’s ER is declining mobile sales. They have had y/y declining sales and this might spill over to big names like APPL, QCOM, QRVO and also ad spend companies like APPS, TTD. If a new leg down starts in the market, chip manufacturers and mobile makers, ad spend and 5G network companies should be on watch. Also, the demand weakening comment should put a lot of pressure on NVDA and AMD as there will be doubts about them being able to fulfill their guidance with weakening demand. Especially AMD guided way higher last quarter. TSM put out news friday that majority of their big suppliers are scaling down their chip orders for rest of 2022. this consists of AMD NVDA AAPL cutting from 5-12% of their chips. please note that this post is not for monday trading, it is intended in general for the next 3-4 months.
NASDAQ:AMDShort
by savage_Trader
Opening (IRA): SMH August 19th 175 Short Put... for a 1.76 credit. Comments: Targeting the <16 delta strike in the August monthly (53 DTE) paying around 1% of the strike price in credit. Adding a smidge of long delta back into my portfolio to keep my net delta happy using an ETF that is closely correlated with the broad market (SPY 3-month correlation of .92) instead of cluttering up my IWM, QQQ, and SPY short put ladders further. Other ETF's to do this with: XLK (.97 3-month correlation), EFA (.90).
NASDAQ:SMHLong
by NaughtyPines
1