TXN Texas Holdem3 zones, 3 possible destinations; but first, a rebound from the green, the curve, or just a happy reaction to earnings report is expected or to be reasonably objective, required.
Price Action to be followed for any signs that might indicate a reversal at any of the 4 elements in the design.
Stocks!
APPLE Dont get fooled by the short-term pull-back. $280 on trackExactly 3 months ago (May 02, see chart below), we called for a strong buy signal on Apple (AAPL) and it dully delivered as 2 days ago the stock completed three straight green months with a new All Time High (ATH):
The recent weekly pull-back shouldn't allow you to diverge from the bigger picture and on this analysis we look at it from a 1M time-frame perspective. As you can see, as long as the 1M MA50 (blue trend-line) holds, Apple will continue to be on a 15-year uptrend, which shows very distinct Phases.
Right now we are on the Channel Up that followed the 2022 Inflation Crisis, which was a similar correction to 2015 - 2016 (China's slowdown). The Channel Up that followed peaked at +161% before the next correction towards the 1M MA50. Even the 2013 - 2014 rise was still +145%.
As a result, we don't believe the current Channel Up to be over either, expecting a peak closer to 300. Our Target is marginally below it at $280.00.
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Falling Wedge pattern breakout in AWLADANI WILMAR LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Falling Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 444+.
✅Can Go Long in this Stock by placing a stop loss below 344-.
Full Send Incoming - Through The Van Allen Radiation Belt We Go!Put on your oxygen masks ladies and gentlemen. The U.S. stock market is about to go ballistic.
You all know from my daily chart, we nearly hit the target of my inverse head and shoulders pattern to the dollar. Target was 570. One of my recent posts indicated that I was selling half at 560, taking my profit, and parking it in cash. But now, I will take that cash and pack my bags again as the market is getting ready to blow minds.
Literally, everyone is predicting a market crash soon. And that may happen. But not before a rocket launch to the moon that will rip faces off.
Pack your bags and BTFD folks. Ticket sales will be on fire for this rocket ride.
My longterm view of Jakarta Composite Index (IHSG) is BEARISH.. Based on Elliot Wave perspective, i could see the Composite Index now running on its end of wave 5. It made a huge and wide consolidation around 7k to 7.3k and most likely the consolidation will break and lead to bear season.
I recommend to SELL ON STRENGTH at this time, cause the highest chance for the next trend is bearish trend.
TARGET???
1st: 6500
2nd: 5500
possibly lower than 5000!
Stay alert!!
Nvidia Adds $330 Billion in a Single DayNvidia's stock valuation skyrocketed, adding $330 billion in a single day, surpassing its prior record gain of $277 billion.
This increase was fueled by Microsoft announcing a 60% increase in AI spending for 2024, totaling $69 billion.
Consequently, Nvidia's stock price surged nearly 13%, elevating its market cap to $2.88 trillion and making it the third-most valuable company globally, behind Apple and Microsoft.
Despite this record-setting performance, Nvidia faced a tumultuous July, with its stock price decreasing by 16% throughout the month, closing down 5% despite a partial recovery.
This decline reflected broader market volatility, as seen in the Nasdaq’s 1.5% drop. On Tuesday, Nvidia's shares dipped 7%, testing the crucial $100 support level.
However, the positive response to Microsoft's investment suggests Nvidia might maintain its momentum above this critical threshold.
Last month, the stock hit multiple highs, peaking at $140 on June 20, indicating strong market confidence. For Nvidia to surpass this record high, its stock would need an additional 20% gain.
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Bullish Flag pattern breakout in TATACONSUMTATA CONSUMER PRODUCT LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Bullish Flag Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1340+.
✅Can Go Long in this Stock by placing a stop loss below 1167-.
SWING IDEA - CDSLConsider a promising swing trade opportunity in Central Depository Services Limited (CDSL) , a leading securities depository in India, facilitating the holding and transfer of securities in electronic form.
Reasons are listed below :
Breakout from Strong Resistance at 2000 : CDSL has successfully broken above a significant resistance zone at 2000, with a strong close, indicating potential bullish momentum.
Bullish Marubozu Candle on Daily Timeframe : The presence of a bullish Marubozu candlestick pattern on the daily timeframe suggests strong buying momentum and potential upward movement.
Breakout from 5+ Months of Consolidation : The stock has broken out from a consolidation phase lasting over 5 months, indicating a significant shift in market sentiment and potential for sustained upward movement.
Spike in Volumes : A notable spike in trading volumes reflects growing market interest and potential accumulation by investors, adding confirmation to the bullish thesis for CDSL.
Trading Above 50 and 200 EMA : CDSL is trading above both the 50 and 200 Exponential Moving Averages (EMA), confirming bullish bias and indicating potential for trend continuation.
Higher Highs : The stock consistently forms higher highs, reflecting increasing bullish momentum and reinforcing the potential for further gains.
Target - 2200 // 2400
StopLoss - Daily close below 1820
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - SUZLON ENERGYA potential swing trade opportunity in Suzlon Energy - a leading renewable energy solutions provider in India.
Reasons are listed below :
Strong Support at 34-36 : Suzlon Energy has found a robust support level in the 34-36 range, indicating resilience and potential buying interest at these levels.
Bullish Engulfing Candle : A bullish engulfing candlestick pattern, confirming the hammer formed in the previous week, suggests potential upward momentum.
0.382 Fibonacci Support : Finding support at the 0.382 Fibonacci level reinforces the bullish outlook, providing a solid foundation for potential upward movement.
Trading Above 50 and 200 EMA : Suzlon Energy is trading above both the 50 and 200 Exponential Moving Averages (EMA), indicating positive momentum and potential bullish trend continuation.
Constant Higher Highs : The stock has been forming constant higher highs, reflecting a trend of increasing bullish momentum and reinforcing the potential for further gains.
Target - 49 // 60
Stoploss - weekly close below 35
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - AFFLE (INDIA) LTDAffle India , a global technology company specializing in mobile advertising, is showing technical patterns that suggest a potential swing trading opportunity.
Reasons are listed below :
Ascending Triangle Pattern : The stock is forming an ascending triangle pattern, a bullish continuation pattern that indicates increasing demand and the potential for an upward breakout.
Repeated Resistance Testing (1250-1300) : The 1250-1300 resistance zone has been tested multiple times. The stock is now poised to potentially break through this level, indicating strong bullish momentum.
Bullish Marubozu Candle : The recent formation of a bullish marubozu candle suggests strong buying pressure and the potential for further upward movement.
Trading Above 50 and 200 EMA : Affle India is trading above both the 50-day and 200-day exponential moving averages, indicating a strong uptrend and providing robust support levels.
Consistently Making Higher Highs : The stock is consistently making higher highs, indicating a sustained uptrend and ongoing bullish sentiment.
Target - 1500 // 1880
Stoploss - weekly close below 1050
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - ASHOK LEYLANDAshok Leyland, one of India's leading commercial vehicle manufacturers, presents a compelling opportunity for swing traders.
Reasons are listed below :
Cup and Handle Pattern : The stock has formed a cup and handle pattern, indicating a potential bullish continuation. This pattern suggests a brief consolidation followed by a breakout, typically leading to an upward trend.
Breakthrough of Resistance Zone : The 160-level was a strong resistance point, but the price broke through it, retested, and is now forming new higher highs, indicating a continuation of the upward trend.
Bullish Marubozu Candle on Weekly Timeframe : This candle, characterized by a lack of upper and lower shadows, suggests strong bullish momentum and consistent buying pressure.
Breaking a Long Consolidation Phase : Ashok Leyland has broken out of a consolidation phase that lasted for 6 years, signaling a significant change in market sentiment and a potential start of a new bullish phase.
Weekly Engulfing Candle : The weekly engulfing candle has enveloped the price action of the past 40 weeks, indicating a substantial shift in momentum and suggesting further upward movement.
0.5 Fibonacci Support : The 0.5 Fibonacci retracement level provides strong support, indicating that the price might continue to rally after retracements or dips.
50 EMA Support on Weekly Timeframe : The price is above the 50 exponential moving average, providing additional support and confirming the upward trend.
Trading at All-Time High : Ashok Leyland is currently trading at an all-time high, indicating strong bullish sentiment. However, traders should be mindful of potential pullbacks or overbought conditions at such levels.
Target - 215 // 250 // 300
StopLoss - weekly close below 160
Disclaimer :
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Comcast Web CastA web of potential zones of influence and 3 curves that might act as support and/or resistance. Looking for consolidations at the elements, breaks, and perhaps one important inflection point at one of them.
The main scenario follows the path of the rectangles, but hopefully they are designed well enough so that if the path of the stock price deviates into anything else, we might see a pivot or other developments (: bounce) at the most important of them all which can be either of them depending on the evolutions.
IBM crossroadsSimple setup for the future of IBM a little bit bullish biased with the potential destination of the last blue rectangle, but first some signs of another inflection maybe after a descent must occur, preferably at any of the elements in the snapshot which could become support or resistance regardless of the path the market takes. Probably needs good earnings report for such a scenario, although there could also be a last chance setup possible somewhere at the bottom white arc even if the Earnings disappoint or don't impress.
In a more bearish scenario for the short sellers a rebound from the slim white rectangle or break and retest of the bottom white curve could trigger the crossroad between the envisioned more bullish toned scenario and other potentials.
AMD Final Flush completed. Next High above $300.The Advanced Micro Devices (AMD) have most likely bottomed on this week's 1W candle as after breaking last week below the 1W MA50 (blue trend-line), their earnings report last night came out better than expected and the opening is expected considerably higher.
Technically, the stock has almost touched the bottom (Higher Lows trend-line) of the 2-year Channel Up that started on August 01 2022. This can be a similar Higher Low to the last one on the week of October 23 2023. As you can see, that Low was priced while the 1W CCI was Oversold (below -100.00), similar to today. The Channel's first Low was again on an oversold 1W CCI on the week of October 10 2022.
As the same time, we are as close to the bottom of the Sine Wave as possible, which again, as you see, has marked the last two Higher Lows of the long-term Channel Up.
We don't expect any more divergencies from what a typical Channel Up would suggest, and that is the start of a new Bullish Leg, its 3rd so far. If the next Higher High is exactly at the top of the Sine Wave, then we can expect it in early January 2025. The previous two Higher Highs were priced after +144% rallies from the Lows, so it is possible to see $345.00 if this symmetry continues to hold. A 300 - 320 Target Zone though is in our view more suited for a Higher High.
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S&P 500 Daily Chart Analysis For Week of July 26, 2024Technical Analysis and Outlook:
The S&P 500 Index, also known as Spooz, demonstrated a significant downward trend, as analysed in the Weekly Chart for July 19. It reached the anticipated Mean Support level at 5449 and Key Support at 5420. There is an expectation of a swift recovery after reaching these levels, propelling the price toward the designated Mean Resistance target at 5567. Nonetheless, the prevailing price action indicates a sustained primary decline toward the Key Sup 5350 and Inner Index Dip of 5345 in the forthcoming week/week's trading sessions. It is acknowledged that these achieved targets will exert pressure for a robust rebound.
A look at M2 Money Stock Out of curiosity I took a look M2 to see the trends over the years and how it compares to COVID and the last few years. I don't have any great revelations to share about what to do, but I thought the chart was interesting. I also did some research and used ChatGPT to help me create a summary about M2. Please note that I cannot guarantee the following text is perfectly accurate, I am not a financial expert or advisor, but it is an interesting overview. Enjoy.
1) Introduction:
Money Stock Measure 2, or M2, is a comprehensive measure of the money supply that includes various types of financial assets held by the public. It encompasses M1 — which consists of the most liquid forms of money like cash and checking deposits — and adds less liquid forms such as savings deposits, time deposits under $100,000, and retail money market mutual funds. This broader measure provides a more complete picture of the available money within an economy than M1 alone.
2) Why M2 Matters to the Economy and the Stock Market:
Monetary Policy Indicator: M2 growth rates can indicate the looseness or tightness of the Federal Reserve's monetary policy. Rapid growth in M2 may suggest a looser policy with potential implications for lower interest rates, while slower growth could indicate a tightening policy stance.
Economic Health Predictor: Fluctuations in M2 can signal upcoming changes in economic activity. An expanding M2 typically suggests that more money is flowing into the economy, potentially boosting consumer spending and overall economic growth. However, if this expansion leads to inflation without an accompanying increase in real output, it could be detrimental.
Interest Rate Influence: Since M2 impacts interest rates, it indirectly affects the stock market. Lower interest rates from an increased M2 can reduce borrowing costs and stimulate both capital expenditures and consumer spending, which generally supports higher stock prices.
Inflation Expectations: Inflation can erode the purchasing power of money. An inflating M2 can lead investors to adjust their expectations, impacting bond yields and stock valuations.
3) As an investor, monitoring M2 can enhance decision-making in several ways:
Growth Trends: Observing whether M2 is expanding or contracting can provide clues about future economic conditions and monetary policy directions, helping investors anticipate market movements.
Asset Allocation: During periods of M2 expansion (indicative of lower interest rates), investors might favor stocks, particularly in sectors like consumer discretionary that benefit from increased consumer spending. Conversely, a slowdown in M2 growth could be a signal to move towards safer assets like short-term bonds, which are less sensitive to interest rate rises.
Sector Impacts: Different sectors react differently to changes in M2. For example, financials might benefit from higher interest rates, while sectors sensitive to consumer spending could gain from an expansionary M2 environment.
Inflation Hedge: Rapid increases in M2 that might lead to inflation suggest that investors should consider assets that typically perform well during inflationary periods, such as commodities or real estate.
Global Considerations: For those invested internationally, understanding how M2 changes affect global markets and capital flows is crucial, particularly in how developed economies' liquidity influences emerging markets.
4) Conclusion:
M2 is a critical economic indicator that offers valuable insights into future monetary policies, economic health, and market directions. It is not a perfect metric on its own, but by integrating M2 data into broader market analyses and considering its implications on different sectors and asset classes, investors can make more informed decisions, optimizing their portfolios to better navigate the complexities of financial markets.
NVIDIA (NVDA) | Over a Long Time, Technically An Opportunity!Hi,
It's a bit hard to get in technically if the stocks are constantly making new higher highs without any certain pullbacks and NVIDIA was one of them.
Now we have seen some red weeks and we have an opportunity where some criteria are matching with each other around $100.
If you are still interested then it might be your chance.
Good luck,
Vaido
Should you be selling your #Bitcoin for #TSLA right now?These types of rotations and range trades offer investors fantastic opportunities
if these relationships continue.
We have seen this for Bitcoin and it's ratio's to stocks/metals & altcoins is not a one way trade as it ONCE used to be.
2009 - 2017 was the golden #crypto era when gains were the easiest to acquire.
However the low hanging fruit has been totally plucked, as #BTC's returns have crawled to not much more (or sometimes less) than the leading stocks of the day.
I still maintain a $140-145k price target for this cycle for bitcoin
But I also have a very aggressive long term price objective for #TESLA of $1000
(which is around 3 trillion dollars market cap)
Could Tesla Blast off to Mars #TSLA to $999IF
I am seeing
what I think may be occurring.
This would represent a 10X from the lows of 2022
do you think that is possible
It's marketcap would be over 3 trillion dollars
not unreasonable if he pulls off a mission to Mars.
We need to keep an eye on TSLA and possible future SpaceX IPO's
SPX 500's Technical Retreat: Support at 5,290?US SPX 500 – technical overview
Longer-term technical studies are in the process of unwinding from overbought levels. There is now room for a pullback towards previous resistance turned support in the form of the previous record high from April around 5,290 before the market considers a run to another record high.
R2 5679 – 16 July/Record high – Strong
R1 5593 – 23 July high – Medium
S1 5398 – 25 July low – Medium
S2 5352 – 23 May high – Strong
US SPX 500 – fundamental overview
Though we have seen a healthy adjustment of investor expectations towards the amount of rate cuts in 2024, the market still hopes policy will end up erring more towards the investor friendly, accommodative side of things. This bet has kept stocks well bid into dips and consistently pushing record highs. Still, if there is a sense the Fed will need to be more sensitive towards erring on the side of higher rates, it could invite a much bigger disruption to stocks.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger