Nightly $SPX / $SPY Predictions for 1.17.2024🔮
📅 Fri Jan 17
⏰ 8:30am
📊 Building Permits: 1.46M (prev: 1.49M)
💡 Market Insights:
📈 GAP ABOVE HPZ:
On a gap up, we will get pinned down by the weekly zone before dropping lower.
📊 OPEN WITHIN EEZ:
People finally decided to be bullish after seeing yesterday's price action. Let’s bet against them first, then close it around 5925.
📉 GAP BELOW HCZ:
We will likely get a small bounce and hold.
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
Stocks
TSM One more push left.Taiwan Semiconductor is on very balanced bullish levels on its 1D technical outlook (RSI = 61.134, MACD = 3.500, ADX = 22.596) as it is unfolding the latest bullish wave of the 4 month Channel Up. The previous one completed a +35% rise. We expect the current one to peak on the same levels, thus aim for the top of the Channel (TP = 240.00).
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3M (MMM): Patience Before Next StepsWall Street analysts estimate that 3M will report quarterly earnings of $1.66 per share next week, reflecting a significant 31.4% year-over-year decline. Revenues are projected at $5.79 billion, down 27.7% compared to the same quarter last year.
As we mentioned previously, we have not yet set a clear limit for 3M and continue to monitor its chart closely. The current structure suggests that the alternative scenario, where wave 1 is positioned higher, appears increasingly likely. However, a significant surge beyond this point does not seem probable at this time.
We’re keeping a close watch to determine where this wave 1 establishes its top before making any further moves. Patience remains key as we refine our conclusions on NYSE:MMM ’s next steps.
Start Your Day Like a Pro TraderLet’s be honest: trading isn’t just about strategy—it’s about how you show up every day. If your mornings feel rushed or scattered, it’s going to carry over into your trading. Over time, I’ve realized the way you start your day can make all the difference.
Here’s a simple morning routine that has helped me find clarity, focus, and confidence in the markets:
1. Take Time to Reset
Before diving into charts or the news, take a moment for yourself. It’s easy to carry yesterday’s stress into today, and that’s not the mindset you want when trading.
-Breathe it out: Spend 5-10 minutes just sitting quietly or meditating. Let the noise settle.
-Set the tone for the day: Ask yourself, “How do I want to approach today? Patient? Focused? Disciplined?” Write it down or just say it out loud.
2. Feed Your Brain
Good decisions require energy, and let’s face it, coffee alone won’t cut it.
-Start with water: A simple glass of water can work wonders to wake up your brain.
-Eat something solid: Go for a breakfast that gives steady energy—oatmeal, eggs, or even a smoothie. You’ll thank yourself later when you’re not crashing mid-morning.
3. Make a Game Plan
Flying blind in the markets is a recipe for stress. Before the bell rings, take a few minutes to prepare.
-Review the big picture: Check global news, economic reports, and overnight market trends.
--Map out your trades : Look at key levels, set your entries and exits, and decide how much risk you’re willing to take. This prep is your safety net.
4. Stay Connected
Trading doesn’t have to feel like a solo mission. One of the best things I’ve done is surround myself with people who understand the journey.
If you’re trying to build better habits or find more consistency in your trading, I’ve been there. DM me for more info or check out my profile—I’m happy to share what’s worked for me. No pressure, just here to help.
Kris/Mindbloome Exchange
Trade What You See
L&T Technology Services ($LTTS): Hidden Gem or Overhyped? L&T Technology Services ( NSE:LTTS ): Hidden Gem or Overhyped? 🏆🚀
1/ L&T Technology Services ( NSE:LTTS ) could light up your portfolio. Is it truly undervalued, or is the market just hyping this engineering R&D juggernaut? Let’s break down its fundamentals and growth catalysts. 🔎
#LTTS #Investing #TradingView #TechStocks #Engineering
2/ Valuation Snapshot
P/E Ratio ~42.9x ⚖️ (above industry avg ~36.7x, below some peers ~60.1x)
High P/B ratio = market is betting big on future earnings & intangible assets 💎
Some intrinsic value models hint at overvaluation—depends on whether double-digit growth 💹 continues
#Valuation #GrowthStocks #UndervaluedOrNot
3/ Sector Comparison
LTTS isn’t “cheap,” but it outperforms on revenue growth & deal bookings 🔥
Could be a diamond in the rough if it sustains near 10% expansion 📈
Leading the pack in digital transformation & engineering innovation 🤖
#TechInnovation #DigitalTransformation #EngineeringR&D
4/ Risk Factors
Market Volatility: Tech sentiment can shift overnight ⚠️
Client Concentration: Heavy reliance on key clients = big revenue mood swings 💥
Currency Fluctuations: Global reach is both a 🌐 blessing & curse
Competition & Disruption: Must innovate to outpace rivals 🏇
#MarketRisk #GlobalTrading #Innovation
5/ Strategic Positioning (SWOT/SCOT)
Strengths: Solid foothold in AI, sustainability, and top-tier R&D 🌱
Challenges: Elevated valuation multiples = must keep impressing investors 🙌
Opportunities: Post-Intelliswift expansion, cloud & data services 🌩️
Threats: Strong competition + potential economic downturn 👀
#SWOT #AI #Sustainability #CloudComputing
6/ The Burning Question
Are we looking at a fairly priced NSE:LTTS , or is this an undervalued rocket waiting to blast off? 🚀 It hinges on your faith in tech services, R&D agility, and margin expansion. 🤝
#MarketDebate #LongTermInvesting #TechFuture
Drop your comment: Do you see LTTS as overvalued or a hidden gem? Share your thoughts below! 💬
#LTTS #TradingView #Investing #EngineeredForGrowth #DCAlpha
Nightly $SPX / $SPY Predictions for 1.16.2024🔮
📅 Thu Jan 16
⏰ 8:30am
📊 Core Retail Sales m/m: 0.5% (prev: 0.2%)
📊 Retail Sales m/m: 0.6% (prev: 0.7%)
📊 Unemployment Claims: 210K (prev: 201K)
📊 Philly Fed Manufacturing Index: -5.2 (prev: -16.4)
💡 Market Insights:
📈 GAP ABOVE HPZ:
On a gap up, we will hold and run higher. Weekly will pin it down.
📊 OPEN WITHIN EEZ:
Craziest thing was the amount of people trying to call the top today. For tomorrow, any dip would be bought back up unless people start being unanimously bullish.
📉 GAP BELOW HCZ:
Instead of a decisive move, it will be volatile, so daytrade.
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
A Golden Opportunity in a Bull Market USAUThis report provides an in-depth analysis of U.S. Gold Corp. NASDAQ:USAU using the Momentum Reversal Indicator (MRI) and incorporates insights from recent articles highlighting USAU's strong potential within a bull market for gold. By examining daily, weekly, and monthly timeframes, this report aligns USAU's technical setup with broader market fundamentals to provide actionable trading strategies.
Technical Analysis
1. Monthly Chart: Primary Trend
- Trend : Bullish, with consecutive Green Setups ( 1, 2, 3, 4 ) signaling sustained upward momentum.
- Support and Resistance :
- Support: Monitor TI Setup Trend Support or the most recent swing low.
- Resistance: Potential resistance near Green 8 or 9, which indicates trend exhaustion.
- Outlook : The primary trend aligns with projections of sustained bullish momentum in the gold market.
2. Weekly Chart: Intermediate Trend
- Trend : Transitioning to bullish, forming Green Setup 1 after Red Setup 5.
- Key Confirmation :
- Await Green Setup 2 closing above Green Setup 1 to confirm bullish continuation.
- Support and Resistance :
- Support: Near TI Setup Trend Support or recent swing lows.
- Resistance: Previous swing highs or Fibonacci retracement levels.
- Outlook : A confirmed bullish reversal will reinforce the broader market outlook.
3. Daily Chart: Entry and Exit Points
- Trend : Bullish continuation, with Green Setups progressing from Green 2 to Green 5 .
- Reversal Levels :
- Monitor Green 8 or 9 for potential trend exhaustion or reversal signals.
- Support and Resistance :
- Support: TI Setup Trend Support or prior swing lows.
- Resistance: Green 9 or Fibonacci retracement levels.
- Outlook : Short-term bullish opportunities align with weekly trends but require caution near Green 9.
Fundamental and Market Outlook
Recent analyses highlight key factors that underscore USAU's investment potential within a strong gold market:
1. Record High Gold Prices :
- Gold has reached record highs, with forecasts predicting prices to potentially hit $3,000 per ounce by the end of 2025 and even higher by 2030.
2. Undervalued Gold Mining Companies :
- Companies like USAU are poised for growth as they are undervalued relative to the surge in gold prices.
3. USAU's Unique Advantages :
- Analyst Price Targets :
- Roth MKM : Initiated coverage with a Buy rating and a price target of $10.00 .
- HC Wainwright & Co. : Maintained a Buy rating, raising the price target from $11.00 to $13.00 .
- Alliance Global Partners : Maintained a Buy rating with a price target of $18.00 .
- Strong Development Pipeline : USAU’s projects position it for near-term production and long-term growth.
- Experienced Team : Proven management with gold exploration and development expertise.
- Dual Exposure : Opportunities in both gold and copper markets.
- M&A Potential : USAU's assets could attract acquisition interest in a rising gold market.
---
Trade Recommendations
1. Bullish Continuation Trade
- Timeframe : Weekly and daily charts.
- Action : Enter long after Green Setup 2 confirmation (weekly) or a breakout above Green 6 (daily).
- Entry Point :
- Weekly: After Green Setup 2 closes above Green Setup 1.
- Daily: On breakout above Green 6 or 7.
- Stop-Loss : Below the last swing low or TI Setup Trend Support.
- Take-Profit :
- Weekly: Near swing highs or resistance zones.
- Daily: Near Green 8 or 9.
Risk Management
- Risk-Reward Ratio : Maintain a minimum of 1:2 for all trades.
- Stop-Loss Orders :
- Use strict stop-loss orders to cap potential losses.
- Trailing Stops :
- Implement trailing stops to lock in profits as trades progress favorably.
Conclusion
U.S. Gold Corp. NASDAQ:USAU presents a compelling opportunity for traders and investors within a robust gold market. The company’s strong technical signals and bullish market fundamentals suggest significant upside potential. However, cautious risk management is essential, especially as the stock approaches key resistance levels or trend exhaustion points on the daily chart.
Disclaimer
This report is for informational purposes only and should not be considered financial advice. Investing involves risk, and past performance is not indicative of future results. Always conduct your own research and consult a qualified financial advisor before making investment decisions.
Citigroup ($C): Fourth Test of Key Levels Since 2018The shares of Citigroup gained an impressive 7% today following its earnings report, which delivered a beat ✅. The company is projecting revenue between $83.5 billion and $84.5 billion for 2025, up from $81.1 billion last year and $77.1 billion in the year prior (excluding divestitures). Positive news for both the company and its investors!
We’ve been monitoring NYSE:C but haven’t found a trigger yet—this might change soon.
The stock is approaching its most significant resistance zone since 2018, a level tested three times in the past. Could the fourth test finally break through? We remain cautious, expecting that another pullback, even a minor one, might be necessary to push past $83. If this pullback materializes, we’ll evaluate opportunities to position ourselves.
Currently, there’s a bearish RSI divergence, and unless the stock can make a higher high compared to 2021, another major pullback remains possible. However, a short position doesn’t align with our strategy at the moment. We’d need to see a lower time frame structure change to consider that route.
This stock doesn’t lend itself well to Elliott Wave analysis as it has been trending sideways for years, and we’re not forcing patterns onto it.
Stay alert for future opportunities on NYSE:C
Procter & Gamble (P&G) Overview and AnalysisProcter & Gamble (P&G) is a global leader in consumer goods, offering a wide range of household, personal care, and health products. Their iconic brands, including Tide, Gillette, Pampers, and Olay, have made them a household name worldwide.
1️⃣ Past Performance: In their last two earnings reports, the stock jumped by ~12% after strong results.
2️⃣ Current Price: The stock has dropped to a key support level ($159), attracting buyers at a discount.
3️⃣ Upcoming Earnings: Set for January 22, 2025—a potential catalyst for movement.
4️⃣ Outlook: Analysts predict a price target of $209 by year-end, highlighting strong growth potential.
Broadcom - This Chart Tells Us Everything!Broadcom ( NASDAQ:AVGO ) is retesting massive resistance:
Click chart above to see the detailed analysis👆🏻
For roughly a decade, Broadcom has been trading in a quite obvious rising channel pattern, perfectly rejecting the lower support trendline back in the end of 2022. After the recent rally of more than +200%, it is quite likely that we will now see a substantial move lower from here.
Levels to watch: $250, $150
Keep your long term vision,
Philip (BasicTrading)
Netflix (NFLX) AnalysisNetflix recently experienced a pullback, dropping to a significant demand zone around $820-$850, which has historically acted as strong support. This drop has attracted traders eager to capitalize on the current discounted price, anticipating a potential bullish rebound.
Looking at the chart:
1️⃣ Previous Earnings Reaction: The last earnings report sparked a 12% spike, showcasing Netflix’s potential for strong momentum following positive results.
2️⃣ Demand Zone Support: The stock is consolidating around this key level, indicating that buyers are stepping in to defend it.
3️⃣ Bullish Expectations: Traders are positioning themselves for the upcoming earnings report, expected on 01/21/2025 after market close, which could act as a major catalyst for upward movement.
If the earnings report meets or exceeds expectations, we could see Netflix rally toward all-time highs, with the first resistance zone around $940 and a longer-term target of $1,020.
AMAZON: Neutral on 1D signals a buy opportunity.AMAZON is neutral on its 1D technical outlook (RSI = 52.618, MACD = 1.360, ADX = 32.455) and is trading under its 4H MA50. With the long term pattern being a Channel Up and the price already hitting its bottom, this emerges as a medium term buy opportunity. The Channel's pullback has already met the 0.382 Fibonacci retracement condition, which is the level all three prior pullbacks hit before rebounding on a new bullish wave. Those waves hit at least the -0.382 Fibonacci extension on their way up, so that is our target (TP = 247.00).
See how our prior idea has worked out:
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SWING IDEA - BALAJI AMINESBalaji Amines , a leading manufacturer of specialty chemicals, is showing promising signs for a potential swing trade.
Reasons are listed below:
Crucial Support Zone (1850-2000) : The 1850-2000 range has proven to be a strong support zone, indicating significant buying interest and potential for a price rebound.
0.618 Fibonacci Support : The price has found support at the 0.618 Fibonacci retracement level, often referred to as the "golden ratio," suggesting a likely reversal or continuation of the uptrend.
Bullish Marubozu Candle on Weekly Timeframe : The recent weekly candle is a bullish marubozu, characterized by little to no shadows, indicating strong buying pressure and potential for further upward movement.
Support from 50 and 200 EMA on Weekly Timeframe : The stock is trading above both the 50-week and 200-week exponential moving averages, providing strong support and confirming the long-term uptrend.
Increase in Volumes : A noticeable spike in trading volume often confirms the strength of a price move, indicating greater participation and confidence in the direction of the trend.
Target - 2720 // 3030 // 3800
Stoploss - weekly close below 1875
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 - JUBILANT PHARMOVAJubilant Pharmova , a diversified global pharmaceutical and life sciences company, offers an attractive swing trade setup with the following technical factors.
Reasons are listed below :
Break of 1000 Resistance : The price has decisively broken above the significant 1000 level and is sustaining, indicating strength and bullish momentum.
Consolidation Breakout : The stock is breaking out of a consolidation phase lasting over 6 years, suggesting a potential long-term uptrend.
Volume Spike : Increased trading volumes highlight growing investor interest and support the breakout.
Engulfing Candle : A bullish engulfing candle on the weekly timeframe reflects strong buying sentiment.
Target - 1450 // 1590
Stoploss - weekly close below 1030
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 - DEEPAK NITRITE LTDDeepak Nitrite , a leading chemical company known for its diverse product portfolio, is showing a promising setup for swing trading.
Reasons are listed below :
2500 Support Zone : The price is resting on a well-tested support level around 2500, adding to the reliability of a potential bounce.
Hammer Candle on Weekly Timeframe : The appearance of a hammer candle suggests a reversal could be on the horizon as buyers regain control.
Golden Fibonacci Support : The current price aligns with a key Fibonacci retracement level, providing additional support.
50 EMA Support on Weekly Timeframe : The price holding above the 50 EMA is a sign of continued strength and underlying support.
Trend Intact with Higher Highs and Higher Lows : The consistent formation of higher highs and higher lows reinforces a bullish trend.
Target - 3000 // 3170
Stoploss - weekly close below 2440
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 - JIO FINANCIAL SERVICESJio Financial Services , an emerging force in the financial sector, exhibits signs of a potential upward move, presenting a swing trading opportunity.
Reasons are listed below :
Strong Support Zone at 300 : This level has proven to be a strong support, enhancing the likelihood of a bounce.
Bullish Hammer on Weekly Timeframe : A bullish hammer candlestick pattern indicates potential reversal and buyer interest at lower levels.
0.5 Fibonacci Support : The price is aligned with the 0.5 Fibonacci retracement level, suggesting that it could act as a springboard for further upward movement.
50 EMA Support on Weekly Timeframe : Trading above the 50 EMA adds to the bullish outlook and provides an additional layer of support.
Target - 360 // 385
Stoploss - weekly close below 295
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 - PNB HOUSING FINANCEPNB Housing Finance , a prominent housing finance company in India, is exhibiting a promising swing trade setup supported by strong technical signals.
Reasons are listed below :
Breakout and Retest of 800 Zone : The stock previously broke a strong resistance at 800 and is now retesting it, showing potential for upward momentum.
Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe indicates robust buying interest.
Golden Fibonacci Zone : The stock is bouncing back from a key Fibonacci retracement level, suggesting a continuation of the uptrend.
50 EMA Support : Price action is well-supported by the 50 EMA on the weekly timeframe, affirming bullish sentiment.
Volume Spike : A significant increase in trading volumes highlights growing investor confidence.
Target - 1190 // 1380
Stoploss - weekly close below 825
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 - THE RAMCO CEMENTS Ramco Cements , one of India's leading cement manufacturers, is showing a promising swing trade setup with compelling technical signals.
Reasons are listed below :
Cup and Handle Pattern Breakout : The price is breaking out from a classic cup and handle pattern, which indicates a continuation of the upward trend.
1050 Resistance Zone : This level has been tested multiple times and is now showing signs of a breakout, suggesting strong bullish sentiment.
2.5+ Year Consolidation Break : The stock is emerging from a prolonged consolidation phase, which often signals a significant trend reversal or continuation.
Bullish Engulfing Candle : A bullish engulfing candle on the daily timeframe highlights strong buying momentum.
Target - 1150 // 1215 // 1340
Stoploss - weekly close below 925
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
US100 NASDAQ SHORTThe US dollar is broadly firmer, though the Japanese yen is proving a resilient ahead of the BOJ deputy governor's speech
Nasdaq slide as key tech stocks get hit
All three benchmarks are down for the last two weeks, with tech shares causing most of the damage
With the 10-year yield potentially getting to 5%, it’s going to be very hard for the equity market to really gain any meaningful traction here until there’s — at minimum — stability in interest rates
Interest rates rise? iN 2025 it will be possible:Inflation, signs of recession.
VISA issuing the first buy signal of the pattern.VISA Inc. (V) has gone a long way since our buy signal almost 5 months ago (August 29 2024, see chart below):
As you can see it was a buy signal just before a 1W MACD Bullish Cross, and straight hit our $320.00 Target before it started pulling-back again the past 30 days.
The +2 year Channel Up pattern is intact and in fact the recent break below the 1D MA50 (blue trend-line) is the first buy signal that is being waved as the price is almost at the bottom of the internal (dotted) Channel Up, which is the Bullish Leg of the +2 year pattern.
The minimum decline within this pattern has been -7.30% so there is still some room for a new low but the 1D MACD indicates we might be seeing a Bullish Cross soon.
In any case, this is a solid level for a first buy entry if you are a long-term DCA investor. Target the top of the 2-year Channel Up at $330.00.
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ALDO - CUP WITH HANDLEIDX:ALDO (CUP WITH HANDLE)
28-10-2024
(+):
1. Low risk entry point, first time the stock showing it’s buying point
2. Volume dries up on handle
3. Stock showing it’s strength while market is corrected
4. Price above MA 50 > 150 > 200 over 10 weeks
5. Price is within 25% of 52 weeks high
6. Price is over 30% of 52 weeks low
7. 200 day MA trending up over 1 month
8. RS Rating is over 70 (82)
(-):
1. Not really confirmed Stage 2, there is high that need to break out at price 520
Nightly $SPX / $SPY Predictions for 1.15.2024🔮
📅 Wed Jan 15
⏰ 8:30am
📊 Core CPI m/m: 0.3% (prev: 0.3%)
📊 CPI m/m: 0.4% (prev: 0.3%)
📊 CPI y/y: 2.9% (prev: 2.7%)
📊 Empire State Manufacturing Index: 2.7 (prev: 0.2)
⏰ 10:30am
🛢️ Crude Oil Inventories: -1.0M
💡 Market Insights:
📈 GAP ABOVE HPZ:
On a gap up, we will hold and run higher. Weekly will pin it down.
📊 OPEN WITHIN EEZ:
Pullbacks here and there but will get bought up.
📉 GAP BELOW HCZ:
Everyone will eat up this drop; definitely look to position bullish here...again.
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
TOYOTA: Excellent conditions for a long term buy.Toyota is neutral both on its 1D (RSI = 51.295, MACD = 2.650, ADX = 28.284) and 1W technical outlook. On the last week of December it got rejected on the 1W MA50 and if it finds support on the 1W MA200, we expect it to recreate the bottom pattern of March 2023. For almost the past 5 years the pattern is a Channel Up. Both prior bullish waves rose by +97% but we will pursue a more modest target (TP = 230.00), the 0.786 Fibonacci retracement level, which during the previous bullish wave was hit on September 18th 2023.
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