S&P500 (SPY) Hits Target #2 Today!Traders, though we've still got a ways to go to our final target of 670-700 on the SPY, it is worth celebrating our direct hit of 600 today. I remember a year ago drawing out 563 as a first target for our blow-off top and I was laughed at. Bears were in their mood and hungry. They wanted more blood. But a combo of our Elliot Wave and a daily inverse head and shoulders showed us exactly where we would hit.
Then I spotted this nice cup and handle on the weekly. If you remember, it was almost invalidated with that China carry trade flash crash. But I stood my ground and stated that we would need to see another weekly open and close below our neckline before the bet was off. That did not happen and we are well on our way to that 670-700 final target. However, before we get there, I do believe our 600 level on the charts will provide some psychological resistance. Admittedly, this was more of a guess than anything when I had drawn it up and placed it on my chart several weeks ago. But now, we are seeing overbought conditions on both the daily and weekly charts. Are we a bit over-heated? I think we may be and should be prepared to see a bit of a drop, or at least a week or so of sideways price action, before we break 600.
Unlike my first target at which I sold and buy the carry trade dip for massive profit, I don't know that I will be selling here. 600, as I stated already, was more of a guess than anything. But I am pretty decent at making these guesses. Experience and lots of psychology and chart study has taught me. Before I get ahead of myself though, let's watch and see what the market decides to do next week.
✌️ Stew
Stocks
MY MU Micron Technology LONG IDEA 25/11/2024So it is very important for me to state that this is a very risky entry. It is Thanks giving and there is low volume out there. There is a chance that this trade may not work out and I might get stopped out but if my strategy applies to this chart then I will take the opportunity.
So why did I take this trade?
I love diversifying my portfolio and discover many different options to invest my capital in. Best place to find an asset that matches my criteria of trading which catching a trend is in stocks. I went to the trading view stock screener and selected the "Healthy Growth Technology Stocks" and in that list I found many different assets that are interesting and one of them happened to be MU.
What is Micron Technology?
Is a stock that engages in Memory and storage solutions.
"Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). The CNBU segment includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets. The MBU segment is involved in memory and storage products sold into smartphone and other mobile-device markets. The EBU segment focuses on memory and storage products sold into automotive, industrial, and consumer Markets. The SBU segment consists of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets. The company was founded by Ward D. Parkinson, Joseph Leon Parkinson, Dennis Wilson, and Doug Pitman on October 5, 1978 and is headquartered in Boise, ID."
What is the market condition?
1. The recent geopolitical easing situation in the middle east has decreased the fear sentiment of the market and I believe investors are more attracted to other assets such as stocks.
2. Trump trade brings in a lot of confidence to the stock market especially in the tech sector. Why is that? Trump's strategy is to focus on modernity and the key here is Elon Musk who is the owner of TSLA. This brings more confidence to the market of technology and crypto. So I believe with the involvement of Trump, Elon, Crypto, AI, and Cloud services etc are all good signs for MU to go long.
3. We may have a FED Rate Pause by December and I think if they decide to pause the rate cut then that's a good signal that inflation is cooling and the economy is in good condition.
What are my technical analysis?
1. The price went above the 200EMA line which is a very important criteria for my trades.
2. RSI is above 50 showing a sign for growth in this Price Action.
3. Price bounced off of the S1 level recently and is now at the pivotal zone. This is not the best condition but pivots are not bad either.
4. Price action is nearing a trendline that might get broken signaling a more bullish sign.
NAS100 - Nasdaq will stabilize above 21 anytime?!The index is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel. If the index rises towards the specified supply zone, you can look for Nasdaq sell positions to target the bottom of the ascending channel. Nasdaq buying positions will be at the bottom of the channel and the demand zone after the continuation of the corrective movement
The housing sector was in the spotlight last week. The market has regained attention following an unexpected surge in mortgage rates, which have risen by nearly 75 basis points since the Federal Reserve’s first rate cut during its September meeting. According to Freddie Mac, the average rate for 30-year mortgages climbed to 6.8% in the week ending November 21, offsetting much of the reductions seen in August and September.
Existing home sales increased by 3.4% in October, breaking a two-month decline. However, it’s important to note that October’s data largely reflects homebuying activity from late September, a period when mortgage rates were trending downward.
Despite this rise, the annualized sales rate of 3.96 million units in October remains sluggish. By comparison, the 2021 average was about 6.1 million units, with current declines largely attributed to higher yields on mortgage-backed securities (MBS).
Consumers remain relatively resilient, continuing to spend at a strong pace. October’s retail sales data exceeded expectations with a 0.4% increase, supported by upward revisions to previous figures. This trend indicates that households are entering the holiday season under favorable economic conditions.
In the upcoming week, durable goods orders data is anticipated. This segment, particularly aircraft orders, has experienced significant volatility in recent months. Challenges in the aviation industry are among the main reasons for this instability. While strikes may have impacted production last month, Boeing data reveals that only 63 new aircraft orders were placed in October, roughly matching the prior month’s figure. As a result, conditions in October are expected to have stabilized somewhat.
Overall, demand appears to be leveling out, yet uncertainties regarding corporate investment spending persist. Although borrowing costs and interest rates have been decreasing, the extent and intensity of these declines remain uncertain. Federal Reserve officials have recently acknowledged that, due to strong economic data and sticky inflation, rate cuts in the coming months are likely to proceed gradually and at a slower pace. Additionally, even though U.S. elections have concluded, it is still unclear which policies, particularly tariffs, will be implemented.
This week, several regional indicators—such as the Dallas Fed Manufacturing Index, the Richmond Fed Manufacturing Index, and the Chicago Fed National Activity Index—will be released. Monitoring these data points could provide a clearer picture of the U.S. economy’s health and serve as leading indicators for assessing upcoming economic releases.
Fed Chair Jerome Powell recently indicated that both headline and core Personal Consumption Expenditures (PCE) indexes are expected to rise from 2.1% to 2.3% and from 2.7% to 2.8%, respectively, in October. If these projections materialize, the Fed may still proceed with a rate cut in December.
Should the PCE report fail to offer clear guidance on the Fed’s next move, investors will turn their attention to the minutes from the November monetary policy meeting, which will be released on the same day. Additionally, other critical data, such as personal income and spending, durable goods orders, and the second estimate of Q3 GDP growth, will be published on Wednesday.
According to CME data, market participants estimate a 56% probability of a 25-basis-point rate cut in the upcoming Fed meeting on December 18, while a 44% chance of holding rates steady is also considered. These probabilities could shift with the release of more data ahead of the meeting. Furthermore, the minutes from the November FOMC meeting are also expected this week.
Redwire Corporation (RDW) AnalysisCompany Overview:
Redwire Corporation NYSE:RDW is a leading player in space infrastructure and advanced space technologies, driving innovation across multiple domains, including lunar exploration, in-space manufacturing, and solar power solutions. With a strong portfolio of high-profile contracts and cutting-edge capabilities, Redwire is well-positioned to capitalize on the growing space economy.
Key Developments:
NASA Lunar Gateway Contract:
Redwire secured a $100 million contract with NASA to develop solar arrays for the Lunar Gateway, a critical component of the Artemis program. This deal establishes a strong revenue base and reinforces Redwire’s role as a key partner in the advancement of lunar exploration.
Roll-Out Solar Array (ROSA):
The successful deployment of ROSA technology on the International Space Station (ISS) showcases Redwire’s engineering prowess. As demand for efficient and scalable space power solutions grows, ROSA positions Redwire to address increasing needs across satellite constellations and deep-space missions.
Strategic Acquisitions:
Redwire’s acquisition of QinetiQ Space NV, a European space infrastructure provider, expands its geographic footprint and diversifies its product offerings. This move enhances Redwire’s ability to serve international markets and strengthens its position as a global space technology leader.
In-Space Manufacturing Leadership:
Redwire’s participation in NASA’s OSAM-2 mission highlights its leadership in in-space manufacturing, an emerging and transformative capability that will enable the on-demand production and repair of spacecraft components in orbit.
Investment Outlook:
Bullish Outlook: We are bullish on RDW above the $9.50-$10.00 range, supported by its robust contract pipeline, proven technology, and strategic market expansion.
Upside Potential: Our price target is set at $20.00-$22.00, reflecting Redwire’s potential to grow its market share and capitalize on the increasing global investment in space infrastructure.
🚀 Redwire—Building the Future of Space! #SpaceInfrastructure #LunarExploration #InSpaceManufacturing
PAYPAL D1After a two-year hiatus, I have returned to market analysis and will be focusing on medium- and long-term trades. I also plan to share these trades with you.
I have conducted an analysis predicting PayPal's potential rise in the coming months from a medium-term perspective. Wishing everyone successful investments and abundant profits! NASDAQ:PYPL
PLTR Short.Would love to see a dump off these levels. If we hold, its going higher. I would be a buyer way lower in my box.
Thiel Sucks. **** PLTR.
Tesla (TSLA) short term outlookTesla (TSLA) stock is forming an ascending triangle pattern on its daily chart, which signals a potential bullish continuation. This formation is characterized by a horizontal resistance level and a rising trendline of higher lows, reflecting increasing buyer strength and suggesting the possibility of an upside breakout.
The stock has repeatedly faced selling pressure at a horizontal resistance level, which represents a key inflection point. A breakout above this zone could attract further buying interest and signal a continuation of the upward trend. Meanwhile, the rising trendline, formed by higher lows, highlights consistent buying support even during pullbacks, reinforcing confidence in Tesla's bullish trajectory.
Volume is a crucial factor in validating this breakout. A surge in volume as TSLA moves above resistance would confirm the breakout, whereas low volume could indicate a false move, requiring caution. The stock is currently trading above its key moving averages, which are aligned in a bullish formation. Additionally, momentum indicators like RSI and MACD should be monitored closely to confirm the strength of the move.
For traders looking to capitalize on this setup, a potential strategy could involve entering a long position once the stock decisively breaks above the resistance level, ideally accompanied by increased volume. A stop loss can be placed just below the ascending trendline or the most recent higher low to manage downside risk. Profit targets can be estimated using the height of the triangle, projected upward from the breakout point. As the stock moves higher, trailing the stop loss could help lock in gains while still allowing for additional upside potential.
Tesla’s ascending triangle pattern suggests the stock is at a critical juncture. A breakout supported by strong volume and positive momentum could signal the next leg of its bullish trend. However, as with any technical setup, traders should remain cautious, monitor key levels, and use proper risk management to navigate potential volatility.
Dodla Dairy looks delicious Dodla Dairy Ltd. engages in procurement of milk and milk products. It offers various milk products like butter, ghee, paneer, curd, flavored milk, doodh peda, ice cream and skimmed milk powder. The firm procures and sells milk and milk products across India.
Dodla Dairy Ltd. CMP is 1220.40. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding, Annual Profit Growth higher than Sector Profit Growth. The Negative aspects of the company are High Valuation (P.E. = 34), MFs decreased their shareholding last quarter and Poor cash generated from core business.
Entry can be taken after closing above 1223 Targets in the stock will be 1260 and 1298. The long-term target in the stock will be 1345. Stop loss in the stock should be maintained at Closing below 1126 or 1079 depending upon 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.
CG power looks Powerful. CG Power & Industrial Solutions Ltd. engages in the design and manufacture of power conversion equipment products. It operates through the Power Systems and Industrial Systems segments. The Power Systems segment includes transformer, switchgear, and turnkey projects. The Industrial Systems segment offers electric motors, alternators, drives, and traction electronics.
CG Power & Industrial Solutions Ltd. CMP is 730.05. The positive aspects of the company are Company with No Debt, Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are High Valuation (P.E. = 77.3), MFs decreased their shareholding last quarter, Inefficient use of shareholder funds.
Entry can be taken after closing above 733 Targets in the stock will be 754, 786 and 816. The long-term target in the stock will be 854 and 875. Stop loss in the stock should be maintained at Closing below 651.
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.
AMD CALLSCould it be the best moment in almost 3 months to buy AMD?
Seems that way as the price decline stopped at a significant demand zone and has been accumulating for quite some time.
Im expecting the price the reverse from this area and test $152. And if successful, we will see a continuation to $169.
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.
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.
Matrix MarvelZones of influence for potential support and or resistance forces. Especially looking for potential inflection points at any of the rectangles or breaks of the zones especially after they end.
Will provide updates with potential candlestick formation setups but overall the market in sync with the zones should provide through the price action the signs and tools the traders should look out for.
The "matrix" is designed in such a way to eliminate potential bias, regardless of the big gray rectangle lurking above, in order to encourage an open mind regarding what can happen while also providing elements to help navigate more easily potential future scenarios in the analysis process.
S&P 500 Daily Chart Analysis For Week of Nov 22, 2024Technical Analysis and Outlook:
In this week's trading session, the S&P 500 index has exhibited notable stability at the previously completed Mean Support level of 5856. Following this stabilization, the index is progressing toward a retest of the completed Outer Index Rally level of 6000 and the Key Resistance threshold of 6008. This substantial upward movement may/will precipitate a decline toward the Mean Support level 5920. However, it is crucial to recognize that reaching this support level or any pullback will facilitate a price rebound, thereby positioning the market for the subsequent phase of the bullish trend. This trend will be aimed at the Next #1 Outer Index Rally target of 6123 and potentially extend beyond that level in the near future.