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.
SOXX
Members Daily Analysis December 3rdDollar Surging Reversal!
Small caps Obliterated
Oil Bullish Reversal.
Has Nvidia finally topped?NVDA just put in a weekly bearish engulfing candle!
This is the first sing of a leading Mega Cap potentially seeing some distribution.
If this bell weather names keeps falling its going to turn the sentiment in the semiconductors slightly more bearish and will weigh in on the QQQ.
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?
Nvidia Earnings tomorrow! Place your betsNvidia made a new all time high today.
We will see if it can continue beating its revenue 20% Quarter over quarter.
Resistance & Support is clear.
SOXL - Falling Trend Channel [MID-TERM]💡 Pattern: Falling Wedge
💡 RSI: 57 Neutral
💡 Risk: Extreme
✅ Resistance: 28.4
✅ Support: 22
PERFORMANCE
🔴 ST: NEGATIVE
🟢 MT: POSITIVE
🟢 LT: POSITIVE
*ST: Short-term | MT: Mid-term | LT: Long-term
Verify it first and believe later.
WavePoint ❤️
SMH: Are semis breaking down?Last time we saw the bullish moving average cross of the 7MA & the 590 MA we saw a superb rally over 2.5months.
This time we are seeing a bearish cross of the same 2 moving averages. Could this replicate the move to the downside?
Don't say we didn't caution you!
NVDA Breaking Out from Consolidatiom LONGNVDA has been in consolidation for two weeks. On the 1H chart, yesterday, the MTF RSI
indicator shows that the lower TF RSIc rossed over the 50 level and then crossed over
the higher TF RSI a clear and convincing sign of rapidly increasing relative strength.
Price is in a VWAP breakout now having crossed from the mean VWAP anchored into mid- June
and up crossing over the one and two standard deviation lines.
The zero-lag MACD shows a line cross under the histogram occurred in the after-hours trading
on Tuesday evening. Price has crossed over the POC line of the visible range volume profile yet
another sign of bullish buying pressure and momentum. Overall, my analysis is that NVDA is set
up for a long swing trade which I will take today.
SOXL pullback is ready to buy longSOXL the 3X leveraged ETF of semiconductor stocks has gained 145% for the first half of the
year. As shown on a 2H chart, the price has pulled back but the overall trend of HH and HL
is intact within an ascending parallel channel. Price previously touched the lower
trendline on May 24th while it touched the upper trendline May 30th and then again
June 15th. Between May 31st and June 7th it did a Fibonacci retracement. Price is presently
reversing at the lower trendline and is above the Ichimoku cloud a sign of bullish predominance.
Price is above the mean VWAP anchored to the low of May 24th another bullish sign.
The RSI indicator showing Ichimoku features has an RSI above 50 and above the cloud
affirming a bullish bias. I believe that this is setup for a long trade with about 12-15% upside in
two weeks or less for a much smaller risk. A call option trade could also be entertained
if a setup with a good delta low spread and high volume / liquidity can be found.
SOXS Bearish Leveraged semi-conductors ETFNVDA turned down today while SOXS rose a bit. On the 30 minute chart is shown to have
have been trending down but then reversed in the after-hours trading period albeit with
the low volumes typical of after-hours. The relative volatility indicator however showed
a dramatic reversal and will be beyond the moving average within the indicator.
Overall, I see this as a day trade for June 27th. I have marked out a tight stop loss to minimize
risk. This trade which I will enter in the premarket is expectant for 8-9% profit and so
a reward to risk of 15:1
Top 3 AI stocks NOT to buy now | Stock Market Price Level Guide - QQQ and SPY still complete full bull control cant remember the last time bears confirm a hourly downtrend.
- TSLA relative weaker to QQQ today
- AAPL and MSFT lead bull leading the market today, ALL time highs
- GOOGL and AMZN weaker of the techs today
- NVDA also weaker with double top from yesterday
- im shorting SOXX so buying SOXS and would like to see AVGO AMD NVDA potentially fall here, if not ill stop out small from todays highs sideways range.
Golden Cross ETF – Strong Bullish Pattern - $1000 Price TargetThis is a once in a lifetime opportunity to go long with SOXX. The arrival of the golden cross is a strong bullish pattern for the ETF. $1000 price target by end of 2025.
Short Semiconductors by Trading SOXS LongThis chart shows the long-term ratio between SOXL/SOXS. The intent is to detect reversals
between semi-conductors long and short. At the pivot high, the price of SOXL compared with
SOXS is at its highest. With a retreat from the pivot high, the price of SOXL is retreating while
SOXS is rising. Historically in 2022 as shown on the chart, pivots were with a ratio of 1,25 to
2,35 while the low pivots were with a ratio of 0.2 to 0.6.
At present SOXL has run up and over-extended as part of the AI breakout phenomenon. The
ratio of 1.8 is in the reversal zone where SOXL price is dropping while SOXS price begins
a significant rise. At present, the mass index is above 27 and awaiting a drop below 26.5.
The second indicator rate of change (ROC) detects spikes in the SOXL /SOXS ratio presumptive
for a pivot. The last time SOXS ran up over a long term ( with SOXL turning down)
was August to October when price increased from $33 to $88 representing a 266% rise.
I see this as a prior supertrend that could now be repeated again.
In conclusion, this idea leads me to take a swing long position is SOXS which I expect to
trend up over a period of a couple of months or more.
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.
$SOXX head & shoulder topYou don't often see a short set up as perfect as this. Head and shoulder topping pattern with a broken trend line and failed re-test of it. Target 176
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
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.
Market Outlook Analysis | Earnings Prediction | Support & Resist- QQQ Megaphone still in place
- NASDAQ:QQQ SKILLING:NASDAQ trading within 3 weeks range 320-312 area, likely breaking Tuesday
- Tuesday NASDAQ:MSFT NASDAQ:GOOGL Earnings prediction
- NASDAQ:AAPL broke out without much follow through, historically AAPL dips into earnings or after earnings if it moves up alot into it.
- advertising companies dont do well during recessions.
- AMEX:SPY still healthy daily uptrend that may change next week
- still holding my AMEX:SOXS ( NASDAQ:SOXX short )
Everything you NEED to KNOW | $QQQ & Big Tech | KEY RESISTANCE |- Resistance levels for NASDAQ:AAPL NASDAQ:AMZN NASDAQ:GOOGL NASDAQ:MSFT NASDAQ:QQQ NASDAQ:TSLA
- double megaphone pattern on NASDAQ:QQQ likely breaking smaller one tomorrow
- most big techs are trading under resistance expect AAPL if no one follows AAPL its likely coming back down.
- i am more bearish here due to this kind of indecision whip saw sometimes marks a temporary top.
- Detailed Trade analysis of my NASDAQ:SOXX short (in AMEX:SOXS )
SOXX bullish reversalSOXX has been in a bull move since inception
right now according to FIB golden pcoket its right at the resistance level of 0.5 so 440 to 454 will make confirmation of the bull reversal
Given the recent movement it seems like it will make that break with slight correction periods and will be on its way back to its highs of 500+
Entry @ CMP
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.
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.
An overview of the markets Overview of many markets - tech may be the canary for the overall stock market, oil could continue to 84-87 area, Gold is at heavy resistance and Dollar is a strong support, Bonds still look strong and maybe a safe haven play, BTC may tag 30k before all is said and done.
Good luck!
