SPX Weekly Recap | Price Targets Sep 16 - 20Weekly Recap video on last week's stock market price action. then we wrap up the video with our new price targets for next week (Sep 16 - 20) using Statistics and Data to drive a 70%+ historical accuracy.
Topics:
- Last week's Results
- Next week's Targets
Personally I use these targets in combination with ICT Concepts to trade.
Nothing I say is Financial Advice - Previous performance does not guarantee future success.
Stocks!
MSFT Daily OverviewMICROSOFT remains one of my favourite instruments in STOCK TRADING.
I've always enjoyed watching it's price movements, I believe it has remained a solid investment consistently.
Right now I believe Microsoft is about to start recovering from it's recent drawdown and start to move bullish after it hit a major RESISTANCE zone.
We will do further analysis on this instrument once more bars are printed!
Natural Gas: Weak Day / Strong WeekNatural gas had a bit of profit taking today and you can't blame the bulls for trimming especially since we did the same.
The Daily chart now needs a couple days of consolidation before another sustainable push.
The weekly chart recaptured the 50 Weekly MA...very good near term sign.
This can now be used as a support level to trade against for very tight stoploss swing traders.
As long as we remain above the breakout neckline we should be likely heading to retest 2.75 & $2.90
Levels below can cause nat gas to fail and fall substantially. Alway remembers the Weekly trend still has Lower highs in place.
Chembond can bond well in your medium term portfolio.Chembond Chemicals Ltd. engages in the manufacture and sale of specialty chemicals. Its products include water treatment, polymers, construction chemicals, coatings, animal nutrition's, and industrial biotech products.
Chembond Chemicals Ltd. CMP is 617.25. The positive aspects of the company are moderate Valuation (P.E. = 19), Company with Low Debt, Book Value per share Improving for last 2 years, Company with Zero Promoter Pledge, Annual Profit Growth higher than Sector Profit Growth and Strong Performer, Under Radar Stocks. The Negative aspects of the company are Fall in Quarterly Revenue, net profit and increase trend of non-core income.
Entry can be taken after closing above 624 Targets in the stock will be 656 and 677. The long-term target in the stock will be 706 and 746. Stop loss in the stock should be maintained at Closing below 586 or 553 depending on your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
HEG may be in last Leg of consolidation before it can move up.HEG Ltd. engages in the manufacture and exporter of graphite electrodes. It operates through the Graphite Electrodes and Power Generation segments.
HEG Ltd. CMP is 2069.30 The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Strong cash generating ability from core business and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are High Valuation (P.E. = 40.8), Declining profits every quarter for the past 4 quarters, Stocks Underperforming their Industry Price Change in the Quarter and PE higher compared to Industry PE.
Entry can be taken after closing above 2089 Targets in the stock will be 2200, 2306, 2406, 2502 and 2565. The long-term target in the stock will be 2622, 2658 and 2750. Stop loss in the stock should be maintained at Closing below 1997 or 1922 depending on your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
SPY 09/12Well on track for the big blow-off top idea. Expecting to see 565 in the next few days, then potentially higher to new ATH
Disclaimer: This idea is not intended as investment advice and should not be interpreted as an offer to sell or a recommendation to purchase any asset. Any decisions made based on the information presented in this idea are the sole responsibility of the individual. All investment decisions should be made independently, taking into account your financial situation and objectives.
Interarch builder: IPO base breakout attempted after bottomInterarch Builder: did a ipo day high breakout attempt of 1318 and made a new 52 wk high of 1338.
after results selling was seen and after that it bounced back again.
if 1315 is broken again we will see 1400-1500 in short term.
Gave revenue double guideline in next 3 years and stock pe is undervalued.
Disclaimer: only for education purposes, no buy or sell recommendation. we are not sebi registered. always discuss first with your financial advisors
GOOGLE: The 3rd major bullish wave begins.Google is just turning from bearish to neutral today on the 1D time-frame (RSI = 44.178, MACD = -4.950, ADX = 38.408), same situation also on its 1W outlook, as the stock recovers from the 1W MA50 breach last week. The green weekly close today is positive as it restored the price back inside the 2year Channel Up. A second straight green candle next week, will validate the start of Google's new 250day bullish wave, with the two before it rising by approximately +60% each.
If you are a long term investor, wait for next week's candle close and if green, buy (TP = 230.00).
See how our prior idea has worked out:
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Fed’s Rate Decision to Set the Tone for Stocks, Gold and CryptoOfficials at the central bank are staying tight-lipped over the magnitude of the interest rate cut. What we know so far: there will be one. What we don’t know: is it going to be 25bps or 50bps?
Federal Reserve Chairman Jay Powell (or JPow if you’re a cool kid) is most likely having a hard time sleeping these days. Lurking in the near distance, September 18 to be precise, is a decision he should make that has the power to slosh trillions of dollars across global markets.
Stock valuations, crypto prices and the glow of gold all hinge on a single figure — the US interest rate ( USINTR ). Major central banks are on the move to unwind their restrictive monetary policies, especially when it comes to global interest rates . Investors have been trying to run ahead of the interest rate decision and position their portfolios to accommodate both a small casual trim to borrowing costs but also a bigger, juicier slash.
Clashing opinions over the size of the interest rate reduction have been swaying the financial markets in recent weeks. Fed officials haven’t sent out any comms regarding that question so markets do what they do best — speculate.
According to the FedWatch tool by CME Group, at the end of this week, investors were nearly even in their expectations for the upcoming interest rate cut with 55% calling for a 25bps (basis points) cut and 45% rooting for the fuller treatment of 50bps.
In any case, this would be the Federal Reserve’s first cut to borrowing costs in more than four years. The benchmark rate in the US is currently sitting at a 23-year high of 5.5% — a level that has stayed flat since July.
After a series of reports pointing to a wobbling economy — and on the back of mostly receding inflation — the central banking clique issued its uplifting guidance at their previous meeting, saying rates are about to go down when they meet again. But what they didn’t say — because they’re data dependent — is how much.
A 25bps cut to interest rates would most likely be already priced in across the spectrum. Stocks, the US dollar, gold and even cryptocurrency are now acting as if this level of rate cut is factored in. Moreover, some investors might even be disappointed to see a rate cut of that casual magnitude. Buy the rumor, sell the news, maybe?
A 50bps cut to interest rates could bring some needed fuel for the next leg up in stocks, gold and crypto. And, on the flip side, knock the dollar’s valuation.
Lower interest rates make money more affordable, enticing investors, businesses and consumers to get more cash out of the bank and spend more freely on big-ticket purchases. Obviously, investors shove the cash into various markets. Businesses expand operations and build new products. And consumers, well, they buy the new iPhone 16 and jam what's left in meme stocks ?
Perhaps even more importantly, lower interest rates help steer the economy, keeping it on an upward trajectory. Liquidity improves, because there’s more money flowing in the system, and valuations of public and private assets usually increase.
Take gold ( XAU/USD ), for example. Gold hit an all-time high Friday morning, pumping above $2,570 per ounce . Driving the gains was the relationship between gold and the prospects of lower rates, which make bullion more appealing because they reduce the opportunity cost of holding a non-yielding asset. At the same time, the US dollar loses some of its allure because the reduction in rates triggers a lower yield on dollar deposits.
Bitcoin ( BTC/USD ) is another interest -ing candidate to join the rate interplay. The OG token has been increasingly correlated to macroeconomic factors and the rate decision is already seen impacting its price in a positive way.
Stocks have been in choppy trading mode over the past couple of months largely due to the looming uncertainty about the looming rate-setting meeting.
So what do you think it’s going to be — 25bps or 50bps? And how would it affect financial markets? Shoot your thoughts below!
Strategic Sell Setup for Lupin: Precision Trading with Defined RIn this Lupin sell trade setup , we are employing a systematic approach that ensures we trade based on a clear structure:
Identifying Key Levels:
The first step is to recognize a candle that has closed above the all-time high. This candle is crucial as it marks a potential exhaustion point or a possible reversal zone.
Confirmation with Consecutive Candles:
After spotting the all-time high candle, we need to confirm the market's bearish movement. The next two consecutive candles should close below each other, signaling that resistance is strong and the stock price is likely to move down.
Establishing Resistance:
The third key point is the confirmation of resistance. The downward pattern in candle closings suggests that selling pressure is increasing and resistance is solidifying. This signals a good opportunity to plan the trade.
Executing the Trade:
Finally, execute the sell trade based on the rules set in the strategy. This includes placing a stop-loss (27.65) and targeting a reward-to-risk ratio of at least 5:1. In this case, the target is 138.50 with an impressive reward-to-risk ratio of 5.01, ensuring the trade offers substantial profit potential compared to the risk.
This setup not only provides a clear structure for entry but also incorporates a solid risk management plan, making it a robust strategy for traders looking to capitalize on short opportunities in Lupin.
SPOTIFY to resume the uptrend and target $400.Spotify (SPOT) tested and held the 1D MA50 (blue trend-line) on Monday. This is the second progressive MA hold it makes after rebounding on the 1D MA100 (green trend-line) on July 18 2024.
The latter technically was a Higher Low on the nearly 2-year Channel Up pattern that has posted two cycles of Bullish Legs within that time span of around +160% each. The 1D RSI is posting a similar Bull Flag as in September - October 2023, so we might be in the same symmetry as that price action.
As you can see, that fractal rose to above the 1.5 Fibonacci extension following a 1D MA50 rebound, so if the current price action replicates it, we should see $400 by early November.
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KPI GREEN Stock Long Trade Setup in 15m TF using RisologicalKPI GREEN Stock Long Trade Setup in 15m TF using Risological
Entry, Stoploss and profit targets are marked in the chart for your reference.
If the price sustains above the Risological trend line (dotted line), we will see a further move upwards.
This could potentially be a few days hold trade. So, plan accordingly.
Verizon (VZ) AnalysisCompany Overview: Verizon Communications Inc. NYSE:VZ is the largest mobile carrier in the U.S., maintaining a dominant position in the wireless market. The company has a core focus on wireless services, which continues to drive its financial performance and future growth potential.
Key Catalysts:
Strong Wireless Revenue Growth: Verizon's wireless revenue grew by 3.5% year-over-year, reaching $19.8 billion in the latest quarter. This growth was driven by a solid consumer base and effective pricing strategies, demonstrating resilience and a stable demand for Verizon's wireless services.
Consumer Segment Performance: Consumer revenue also saw a year-over-year increase of 1.5% to $24.9 billion, highlighting the company’s strong customer retention and ability to capitalize on pricing flexibility.
5G Expansion: Verizon is investing heavily in 5G technology, with ambitious plans to expand into smart cities and wireless robotics, positioning the company for long-term growth in next-gen connectivity solutions.
Q2 Financial Results: Verizon reported total revenue of $32.8 billion for the second quarter, showcasing its financial stability and growth trajectory in an evolving telecommunications landscape.
Investment Outlook: Bullish Outlook: We are bullish on VZ above the $37.00-$38.00 range. Upside Potential: The upside target for Verizon is set at $56.00-$58.00, driven by wireless revenue growth, consumer segment strength, and expansion into 5G technologies.
📶 Verizon—Connecting the Future with 5G. #VerizonWireless #5GRevolution #TechGrowth 📱
Tesla - This Is Still Not Bearish!Tesla ( NASDAQ:TSLA ) is stuck between structure:
Click chart above to see the detailed analysis👆🏻
Tesla continues to consolidate in the long term descending triangle pattern. Following previous price action, a bullish breakout is much more likely but Tesla is still trading below the trendline resistance. A potential bullish breakout will be followed by an incredible rally and new highs.
Levels to watch: $160, $230
Keep your long term vision,
Philip (BasicTrading)
NDQ (US 100 Index) 1W analysis - Sep 12 2024Weekly chart of US 100 index is suggesting that the possibility of a crash in US stock market is rather high!
In fact the index is already in the heavy resistance zone of 19,000 - 20,400 and bearish divergence can be seen (both mid-term and long-term)
While the index is inside the resistance zone, breaking below the blue trendline is the confirmation for the huge drop and will lead to a huge sell pressure in the market.
The reason for this possible crash is probably weak data related to the labor market. Having a Buy position in US stock market is indeed risky these days as the index can even touch Oct 22 low and probably even lower levels if the drop is confirmed!! #NDQ #US100
SNAP is perhaps the best buy in the market right now.Snap Inc. (SNAP) has formed a Double Bottom around 8.30 and posted a strong rebound yesterday, while the 1D MACD is already on a Bullish Cross since August 19. The latter has been the strongest buy signal since December 29 2022
The minimum level that the stock hit after such signal has been the 0.5 Fibonacci retracement level, so even if the price marginally pulls back for a re-test, the current levels are an excellent medium-term buy opportunity. Our Target is $12.00 (just above the 0.5 Fib).
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NVDA - One More Bounce Before Potential Drop!I’m anticipating a bounce on NASDAQ:NVDA at this level. Despite the prevailing bearish sentiment, I’m inclined to take this trade, as many are predicting further declines. I’m expecting one more bounce, potentially forming another lower high, before a drop to the sub-90s.
This is a critical juncture for me, so I’m opting to capitalize on the opportunity now.
The trade is set for this week.
AMAZON: Crossed over the 1D MA50, best buy trigger you can getAmazon crossed today over the 1D MA50 for the first time since August 1st and effectively validated the buy signal that was triggered on August 5th at the bottom of the Channel Up. The 1D technical outlook just got over neutral grounds (RSI = 56.780, MACD = 0.060, ADX = 15.410) so being slightly bullish along with the 1D MA50 cross, is the best buy trigger you can get.
The MACD pattern is almost the same as on every Channel Up bottom. The rallies that started on those bottoms printed +62.30% and +64.82% rises. We are targeting at another +62.30% rise (TP = 245.00).
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