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SPX Daily TA Neutral BullishSPX Daily neutral with a bullish bias. Recommended ratio: 52% SPX, 48% Cash. * June CPI report is scheduled for release at 830am on 07/13 and the consensus estimate is 8.8%, if the number comes in higher than that (which many pundits are predicting) then a market sell-off is to be expected. The Euro continues to bleed as it approaches parity with USD for the first time in 20 years as USD and RUB both edge higher. Oil, Gold, Cryptos, Treasuries and Equities are all down as global inflation numbers keep coming in higher; the VIX is also higher. UK Prime Minister Boris Johnson resigned; Sri Lanka's economy is currently collapsing due to bankruptcy as their nation endures food and fuel shortages; Iran appears to be pushing forward with uranium enrichment while strengthening Yemeni ties - making Israel, UAE and Saudi Arabia become increasingly fearful and potentially willing to collaborate defensively; Russia is gradually expanding through the Donbas region (with Donetsk being one of the last strongholds to prevent annexation of the Eastern Oblast) while Lithuania enters the fray by blocking trade/transit between Russia and Kaliningrad - Putin also recently stated that the offensive against Ukraine has barely begun; and lastly the situation between China and Taiwan appears to be escalating month to month while mainland China is still dealing with 'Zero-Covid' and recent civil unrest from Chinese bank clients who have had their assets frozen. That said, the bearish catalysts keep piling up as financial markets continue looking for a bottom; so at this point in time it's reasonable to say that financial markets are still at the whim of the Federal Reserve, and because the Fed isn't done moving to a 'restrictive monetary policy' it's therefore reasonable to assume that there is more potential downside. However, it's prudent to remain vigilant because of one question, at what point have financial markets already priced in a recession?* Price is currently testing the uptrend line from 06/16 at ~$3850 after being rejected by the lower trendline of the descending channel from August 2021 at ~$3925 for a second time in a month. Volume remains Moderate and is currently on track to break a five day streak of buyer dominance if it can close today's session in the red; according to Volume Profile, Price is also currently facing resistance at the third largest supply/demand zone on the chart. Parabolic SAR flips bearish at $3725, this margin is neutral at the moment. RSI is currently trending down at 46 after being rejected by 52.68 resistance for the second time in a month; the next support is at 38. Stochastic is currently crossing over bearish at 91 as it risks falling out of the 'bullish autobahn zone'; the next support is at 76. MACD remains bullish and is currently testing the uptrend line from March 2020 at ~-$35 as resistance while also still technically testing -44 resistance; if MACD is rejected at the uptrend line and then falls back below -44, this would be very bearish. ADX is beginning to form a soft trough at 19 as Price is seeing some recent selling pressure, this is mildly bearish. If Price is able to bounce off of the uptrend line from 06/16 at ~$3850 then it will likely retest the lower trendline of the descending channel from August 2021 at $3938 minor resistance . However, if Price breaks down out of the uptrend line from 06/16 at ~$3850, then it will likely retest $3707 minor support . Mental Stop Loss: (one close below) $3815.
SP:SPX
by dailytaguy
SPX Daily TA Cautiously BullishSPX Daily cautiously bullish. Recommended ratio: 69% SPX, 31% Cash. * The US Jobs Report came out this morning and 372,000 jobs were added in June which essentially recovers almost all of the jobs lost due to the pandemic (~23m) , the unemployment rate remained at 3.6% for the fourth month in a row. A technical recession is defined by the combination of declining economic growth and employment ; so according to the textbook we are not yet in one because unemployment is still low and credit is still relatively healthy(?). How reliable the employment data is and how effective the models used to analyze them are arguable but as it stands now, the growing number of layoffs hasn't hit the job market yet. Even though they are both connected, markets seem to have shifted their focus from inflation to Q2 corporate earnings as a means of determining how much of an economic slowdown we are to expect (which would determine if we end 2022 with a federal funds rate above 3.5% - it is currently at 1.58%). Russia continues to avoid Western sanctions and boost their Ruble by fortifying trade routes with Brazil, China, India and South Africa (amongst other countries); Donetsk and Severodonetsk are the last two major Ukrainian strongholds defending against a total annexation of the Donbas region (Southeastern oblasts) - and Russia likely won't stop there; and Russian Foreign Minister Lavrov reiterated today at the G20 Summit (before storming out) that increased sanctions are viewed as declarations of economic war.* Price is currently pushing higher at ~$3900 as it approaches the lower trendline of the descending channel from August 2021 at $3938 minor resistance. Volume remains Moderate and is currently on track to favor buyers for a fifth consecutive session if it can close today's session in the green. Parabolic SAR flips bearish at $3714, this margin is neutral at the moment. RSI is currently trending up slightly at 52 as it tests 52.68 resistance with a soft peak beginning to form. Stochastic remains bullish and is currently trending up at 98 as it approaches a test of max top where it can potentially coast in the "bullish autobahn zone" for some time. MACD remains bullish and is currently testing the uptrend line from March 2020 at -44 resistance, this is a critical resistance area. ADX continues trending down at 20 as Price pushes higher, this is mildly bullish at the moment; if ADX bounces as Price continues higher, this would be bullish. If Price is able to continue up here then it will likely face a bit more resistance at the lower trendline of the descending channel from August 2021 at $3938 minor resistance . However, if Price breaks down here, it will likely retest $3706 minor support before potentially heading lower to test $3508 support for the first time since November 2020. Mental Stop Loss: (one close below) $3815.
SP:SPX
by dailytaguy
SPX Daily TA Neutral BullishSPX Daily neutral with a bullish bias. Recommended ratio: 63% SPX, 37% Cash. * FOMC minutes were released at 2pm (EST) today and the main takeaways were: the Fed is committed to price stability and maximum employment and will take on a even more restrictive stance if inflation isn't tamed; they are most likely going to raise 75bps unless CPI comes in lower than expected or Russia/Ukraine situation improves, in this case they may raise 50; and that housing, job and credit markets are healthy as of May and the Fed thinks GDP will bounce back in Q2 - very curious to see how declining new home sales, growing gas and food prices, more layoffs and higher credit card usage will reflect on this perspective come July 27th. The current GDPnow estimate for Q2 GDP is -2.1% , and the next estimate is due tomorrow at 830am (EST). Gold + Oil + VIX + Euro are down and Equities + Treasuries + Cryptos + USD are up, markets seem to be pricing in a recession at this point. I guess it's only a real recession if the Fed says it is though.* Price is currently trending up at $3845 and forming a Bear Flag after bouncing from $3780; the next resistance is the lower trendline of the descending channel from August 2021 at $3938 minor resistance and the next support (minor) is at $3707. Volume remains Moderate and has favored buyers for the past three sessions. Parabolic SAR flips bearish at $3706, this margin is neutral at the moment. RSI is currently trending up slightly at 46, the next resistance is at 53 and support at 38. Stochastic remains bullish for a second consecutive session and is currently trending up at 84 as it attempts to flip 76 resistance to support on its way to testing to max top. MACD remains bullish and is currently trending up at -56 as it slowly approaches -44 resistance, the next support (minor) is at -76. ADX is currently trending down slightly at 22 as Price is pushing higher, this is mildly bullish. If Price is able to continue up here then it will likely retest the lower trendline of the descending channel from August 2021 at ~$3938 minor resistance . However, if Price breaks down here, it will likely retest $3707 minor support before potentially heading lower to test $3508 minor support. Mental Stop Loss: (one close below) $3780.
SP:SPX
by dailytaguy
NAS100|The worst is still to come, more selling ahead!I was just going through the chart and market history and decided to share my thoughts on the current market situation. We can definitely see that the stock market is tumbling to the floor. But the big question is, where shall this end? Everyone is eager to know the answer so we buy the dip. The chart above is a weekly chart. NAS100 continues to break the lows as we can clearly see from the past weeks. Today (Monday) NAS100 is trading below the May 2022 low. A daily close below this low will mean that NAS100 will continue further down. Ahead of it is the 200 simple moving average. I have also plotted my Fibonacci retracement tool from point A to B and noticed that- near the 200 SMA is the 61.80 fib level. Should we expect the market to bottom around this level? Only time will tell. I also took time to study the 2008 financial crisis chart and see what I could possible learn from it. In 2008, NAS100 tumbled with at least 50% from June 2008 high to November 2008 low. For sure many where watching the 200 SMA and perhaps thought the market would bounce up from there, but as we can see on the chart below the market just went through the line and further it collapsed. Today, history is definitely repeating itself. We can expect the 200 SMA and 61.80 fib level to be penetrated and 78.60% fib level might be an ideal level to watch this market and that is at around 9000. Maybe you are wondering. What exactly happened in 2008? By the winter of 2008, the U.S. economy was in a full-blown recession and, as financial institutions' liquidity struggles continued, stock markets around the world were tumbling the most since the September 11 terrorist attacks. In January 2008, the Fed cut its benchmark rate by three-quarters of a percentage point—its biggest cut in a quarter-century, as it sought to slow the economic slide. The bad news continued to pour in from all sides. In February, the British government was forced to nationalize Northern Rock. In March, global investment bank Bear Stearns, a pillar of Wall Street that dated to 1923, collapsed and was acquired by JPMorgan Chase for pennies on the dollar. Source: Investopedia The bottom line? US inflation accelerated to a fresh 40-year high in May to 8.6%, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats. With all this on the table, we can expect the worst for the stock market. I believe the stock market will continue to tumble and picking bottoms at this time is not a wise idea. If you enjoy reading my ideas please do support with likes.
FX:NAS100Short
by Forexintelligence_NA
4
Teva Pharmaceutical Industries Analyze (Rising Wedge)!!Teva is running in Descending Channel at a daily timeframe, also Teva was able to make Rising Wedge at 4h timeframe, while we can see sell signals in MACD & RSI Indicators. Rising Wedge's 🎯 Target 🎯: around 8$ 🔴 Heavy Resistance zone : 11$ until 10.3$ Teva Pharmaceutical Industries Analyze, 4h Timeframe (Log Scale) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
NYSE:TEVAShort
by pejman_zwin
2
NFLX Netflix: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Netflix, Inc. (NFLX). The chart is self-explanatory. Death cross may be coming up. RSI just broke out of the support line. Keep an eye on the Support Zone. Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Death Cross, Simple Moving Average, EMA Ribbons, Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. I have additional charts below on cryptocurrencies, stocks and more to review. Check them out! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
NASDAQ:NFLX
by MillionaireEconomics
2
Deepak Fertilizers Analysis (A good stock to keep tracking)Hey Folks, Lets Analyze now NSE:DEEPAKFERT If we look at the fertilizers Sector they are doing very well and beating the market returns. So Investing in them can be a good opportunity. As most of fertilizers Stock are Rallying and touching All time high's. these can be good money makers or Swing Trades. Deepak fertilizers can be a good stock to invest in Reason behind the Analysis is : Stock is forming an All time high It has recently given a good candle close #Breakout with high volumes of Classic Cup & handle(A 4 year old resistance) and its hovering over the resistance making it a valid support and showing Buyers are interested in it. Volumes are also giving Spikes while rallying and dried up when it comes down. So one can start Accumulation in lower levels(Supports) or can trade Breakouts in it according to their risk Appetite. Swing traders can take the targets of classic cup & handle. or you can hold it For longer term. Your stoploss can be below of the Support levels or you can keep your SL trailing.
NSE:DEEPAKFERTLong
by Gagan_Ahuja_13
Bullish Swing Trade on Home Depot (HD)The market is looking very bullish going in to this week. I see a setup on HD that has an 80% chance to be profitable based on Trademiner 5.0. the technical analysis sees bullish divergence on the weekly and daily charts. The latest earnings report was positive on eps and revenue. And finally, the DJIA for the past 30 year has had positive gains from March to April. So entry is ~341.00 stoploss = 285.00 and /TP1 = 406.00 and /TP2 = 465.00 /Time stopout is May 2 2022.
NYSE:HDLong
by forexmilitia
Why is Allbirds stock down 70% since its IPO?Allbirds (NASDAQ: BIRD), the New Zealand footwear company, was listed on the Nasdaq in November 2021 at a starting price of US $21.21 and found a range between US $20 and $30 for one month. Its mission to create the world's first carbon-neutral shoe brand appealed to investors, perhaps those of the ESG persuasion, who have pushed a record US $650 billion of funds into ESG project in 2021. As noted by the Financial Post, Allbirds mentioned the word "sustainability" 112 times in its IPO filing. Starting December 2021, up to the time of writing, BIRD stock has plummeted to US $5.99, and its market cap has reduced to US $4 billion from US $900 million. While the company has been performing admirably, as per its quarterly report released on February 23, BIRD's stock price has flown south for the winter, as it's caught up in the same winddown experienced by many other of its growth stock brethren. Over the past few months, investors have generally turned against growth stocks ever since it became apparent that the US Federal Reserve would be hiking interest rates to combat the countries inflation that is famously at a 40-year high. Allbirds is firmly in the category of a growth stock and a unique growth stock at that, as its typically eco-conscious customers return less frequently to the Allbirds checkout aisle. This means its growth strategy and attempt to build brand awareness has to be particularly aggressive. As such, Allbirds is ploughing its cash flow and cash reserves into gaining more customers, opening brick-and-mortar stores, and expanding its apparel range. The company is projecting revenue of US $360 million in the 2022 financial year, a big lift in revenue over 2021, but still expects to make a loss of approximately US $11 million. Interestingly, it should be noted that about US $8 million of this shortfall is attributed to compliance costs associated with becoming a public company. Even though Allbirds may bootstrap its growth expenses with its cash flow and reserves, it does have US $40 million available under a revolving credit agreement. The cost of borrowing capital moving forward, should it need to meet its aggressive growth strategy, may become increasingly costly in line with the US Federal Reserve's interest rate hikes.
NASDAQ:BIRD
by BlackBull_Markets
11