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$QQQ Analysis, Key Levels, and Targets$QQQ Analysis, Key Levels, and Targets REQUEST - here you are @lonehorse QQQ has a very similar story to SPY… It’s trading above the cloud on the 4 hour (though it peaked up briefly at the beginning of the month - but there was a little bit more conviction today and some follow through from yesterday). It did not fill the entire bear gap, it was left open a little bit so if QQQ opens below this then it will become a resistance. If it opens above the gap then it’s getting into the cloud which often means a bit of sideways trading… Next resistance above that is the 200MA on the 4hr which conveniently coincides with the top of the cloud… Both MacD and RSI point to a move higher in the next few days/weeks… I would just be mindful of the resistance levels… and the supports… And the weekly technicals are all showing a nice curl up which might give some momentum upward…. If that 300 psychological resistance breaks I could maybe see a run to 313ish… just remember that moves within the cloud can be sluggish and it tends to kill volume, which can be good or bad depending on what you’re trying to do… The 200MA weekly has been a very very very strong support across the ENTIRE bull market… for now, that is MAX pain if it does go down… but I’m seeing a lot of bullish technicals so short term I think we see that move above the gap and towards the top of the cloud… It looks like chaotic territory just in time for earnings season… I'd like to add that IF we see companies trading within their expected ranges... that in and of itself would be a bullish signal, I would think... because if we can see earnings not completely shaking the markets, like it has for the past year, even before the market turned in january... that would be a clear signal for me to go more heavily long Best of luck… 💃🏻 (sorry that was so rambly... I just type without a filter LOL) —- I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
NASDAQ:QQQ
by SPYder_QQQueen_Trading
2
$AERC air space filtration! 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management My team entered interior air space purification company Aeroclean Technologies $AERC on 7/5/22 at $12.40 per share. This wasn't intended to be a Trading view trade, but this play is developing smoothly, and we figured we would just show you guys what we're up to. OUR ENTRY: $12.40 FIRST TAKE PROFIT: $18 STOP LOSS: $11 If you want to see more, please like and follow us @SimplyShowMeTheMoney
ALong
by SimplyShowMeTheMoney
Novavax - Wassup?Novavax NVAX is actually lining up pretty well... from about 240, it tanked to 40, and on Friday, it gained 11% to close the week at 57.15. This caught my attention as it cleanly broke out of trendlines, breaking out also from a bearish divergence, on BOTH the weekly and daily chart. IMHO, it appears to be in technical and fractal alignment. Weekly chart bounced off a major support two weeks ago, and the last week continued the previous week's bullish end. On the daily chart, Friday's close was the highest daily close in about 5 weeks. with a strong candle closing draws obvious bullish attention. Target 80, then 125. Support at 53 and 50.
NASDAQ:NVAXLong
by Auguraltrader
3
$META FACEBOOK Meta Technology Falling Wedge Descending Channel$META FACEBOOK Meta Technology Company Falling Wedge Pattern - Descending Channel - Double Bottom at support with a bullish harami on the 4 hour candle. $META is looking bullish from here on a technical view for a bounce off the bottom trendline. If it breaks out and holds above the channel it has a measured move of $234 target. GAPS are marked in RED. Word on the streets says Mark Zucker is not hiring much and has been bringing the heat in on his current employees hoping to weed out the weakest links. Meta has had some failed crypto related launches and has thick competition in the social media world. Better management and highly talented individuals is exactly what the company will need in order to be first class in the metaverse and live up to the name.
NASDAQ:METALong
by ChaldeaCode
$TSM Taiwan Semiconductor Manufacturing WYCKOFF$TSM Taiwan Semiconductor Manufacturing Company Ltd. completed a clear as day WYCKOFF distribution TOP. Currently it is sitting on major support. Losing this $76 area would be bearish to $60 because there isn't much support below $76 to hold it up. $TSM is GAP city (Gaps are marked in Red), big gap below Support and many gaps above. So far, this stock has not shown any signs of reversal, however $TSM is a giant in chip manufacturing. TSM makes $aapl chips and with ongoing shortages they are well positioned for advantage as these tech giants add autonomous driving to their business plans. Financially they are well positioned for growth in the years to come.
NYSE:TSM
by ChaldeaCode
$MSFT MICROSOFT BULLISH Pattern BROADENING DECSENDING WEDGE$MSFT MICROSOFT is Printing BULLISH Reversal Patterns, much like $AAPL has as they are related tech stocks. Let's review the chart: 1. There is a BROADENING DECSENDING WEDGE which is a bullish reversal pattern much like the falling wedge but expanding. This could either breakout soon or tap the bottom trendline for a third time before breaking out. 2. Textbook inverse Head & Shoulder forming as well. The selling volume is highest on the left shoulder making the possibility for this pattern to complete higher. Being a dividend paying stock this is definitely worth accumulating in the bear market. Microsoft is a tech leader and their cloud offering is growing very well and maintaining growth. This company is always on top of new innovation and have already been dabbling in AI and blockchain technology, in addition, to web3. They are cloud, digital, advertising, linkedIn, XBOX gaming, ect. Need I say more? This is NOT financial advice, please always do your own research.
NASDAQ:MSFTLong
by ChaldeaCode
1
$AAPL Apple Inc Stock is giving MEGA Bullish Patterns$AAPL Apple Inc. is showing multiple bullish indicating reversal patterns. Lots going on in this chart lets review: 1. I'm spotting a FALLING WEDGE (marked in white). This could drop lower and tap the bottom trendline on the wedge for a third time before reversing, however, it held the $135.50 support Friday indicating a higher probability for upside. The first target/resistance level on the falling wedge is marked in white horizontal line. 2. Diamond bottom pattern is forming. Any sideways movement will only mark the probability of this pattern higher for a breakout. 3. Inverse Head & Shoulder. IF THE FALLING WEDGE reaches the first target and rejects, that will form another neckline to a inverse head and shoulder and the rejection could form the right shoulder. So far there is a more slanted inverse h&S that has currently formed on the chart, in addition, the selling volume is highest on the left shoulder indicating a textbook inverse H&S. The RED bar marked near the top of the high is a GAP. I'm adding APPLE to the top of my watch list for Tuesday morning and I will be observing these patterns closely for breakouts. Apple has taken a big hit as all of the tech sector has in the stock market. As far as fundamentals, no brainer that Apple is a leader in TECH.
NASDAQ:AAPLLong
by ChaldeaCode
$NVDA Nvidia TECH Chart has not shown any signs of reversal$NVDA Nvidia Tech Company has a similar chart to $MU and $AMD - $MU earnings revealed negative sentiment sending both $AMD & $NVDA downward on relation of fear that the chip market is slowing growth. Nvidia has not shown any technical signs of reversal on the lower timeframes yet. Above I've marked important levels on the weekly timeframe. With the slowing growth of $ETH and other crypto currencies, tech stocks like Nvidia and Micron are directly related and effected by the mega drop in value as demand for graphic processors and mining decreases. It's pretty obvious that $NVDA is a top tier company in graphic processors and this decline is mostly due to the decline in our economy. As we progress into the digital age NVIDIA has high probability to bounce back to new heights (of course this could take 12-18 months unless they expand rapidly into different avenues of technology). I will update if I catch any technical chart indications of possible reversal.
NASDAQ:NVDA
by ChaldeaCode
$AMD Advanced Micro Devices $AMD has been on a downward spiral printing bearish consolidation patterns after each drop. The negative earnings report recently didn't help the stock price as you can see it has plummeted to a major support level. It hasn't shown any signs of reversal yet. If it breaks below $72 it doesn't have much support until $59 area. YIKES! As most tech stocks, AMD is overvalued in its current price. The company has initiated a pullback on the consumer PC department (as sales have declined) and acquired a company this year to position growth in AI, apps and robotics. AMD is well positioned and one of my top tech picks for bear market accumulation, as our world continues to develop in the digital age, AMD is a leader in memory and storage and is modeling change for future growth. I believe AMD is a solid company that is positioned for new heights. This is NOT Financial Advice.
NASDAQ:AMD
by ChaldeaCode
3
Tech Just Made a Major Trend ReversalThis chart shows that there was a major trend reversal in the relative performance between Nasdaq stocks (QQQ) and S&P 500 stocks (SPY). In May, the QQQ/SPY performance ratio reached an extremely significant bottom. It reached the 55-month EMA (orange line), which is also the base of the monthly EMA exp ribbon. Chartists use this base to detect significant bottoms. The fact that QQQ/SPY cleanly landed on this base and has since then formed a trend line upward means that there is a very high probability that tech and growth companies are about to outperform companies in the S&P 500. In fact, we are already seeing quite a few IPO companies breaking out. The trend line (white line) is about to force the QQQ/SPY relative performance ratio above its displaced EMA (yellow line). A displaced moving average (DMA) is a moving average that has been adjusted forward or back in time in an attempt to better forecast trends. Chartists often use the crossover of the displaced EMA as confirmation of a trend reversal. Once QQQ/SPY crosses above this line and it becomes support, the trend reversal will be confirmed on the daily chart. Further confirming this trend reversal is the short derivative, SQQQ. Market participants buy SQQQ either to short QQQ or to hedge against losses while also holding QQQ. Since May, there has been less and less volume in SQQQ. This shows that fewer and fewer market participants are opening new short positions against tech and growth. Meanwhile, the price of SQQQ continued to move to the upside. The price of SQQQ is now being resisted by the 55-week EMA. This fact coupled with the price-volume divergence is sending an ominous signal for those who are still short in tech. Since SQQQ is historically over-extended to the upside, the slightest of bullish signals for tech and growth stocks could result in a major short squeeze. (See chart below) It is therefore quite dangerous right now to open new short positions against growth and tech companies. IPO and Biotech stocks have already broken out to the upside. Commodities, including energy, are breaking down, which in turn shows that the inputs of inflation are cooling down. The charts show that the Fed will not be as aggressive as many analysts expect. Charts never lie, analysts do. Unless a black swan event occurs, it is quite likely that the Nasdaq 100 has put in a significant market bottom.
NASDAQ:QQQLong
by SpyMasterTrades
29
Sono Motors (SEV)This is a chart of the solar EV company Sono Motors (SEV). The company is headquartered in Germany and went IPO on the Nasdaq in 2021. This stock is presenting a decent risk-to-reward setup because it has been finding support within important Fibonacci convergence zones (yellow area). I created this Fibonacci convergence zone by using trend-based Fibonacci retracement combined with a long-term Fibonacci drawn from the stock's highest ever price down to a price of zero. Any bottoms that form in or near this Fibonacci convergence level will likely be extremely significant. Aside from a Fibonacci analysis, a double bottom recently formed on the daily chart. Of further note, IPO stocks have been showing signs of beginning to outperform the broader market. While the broader market was making lower lows in June, many IPO stocks, such as SEV, have been making higher lows. Oscillators on the longer-term charts validate this trend by showing signs of beginning to oscillate back to the upside. This is a long-term bullish signal for IPO stocks. Here's a great post by @TradeStation for a more in-depth analysis of the recent IPO outperformance:
SLong
by SpyMasterTrades
Here's Why the Tech-Led Selloff is Likely Over (for now)In this post, I will attempt to provide evidence to show why the tech-led selloff is likely to be over (for now). I will use the Nasdaq 100 (QQQ) and its inverse derivative, SQQQ, as my argument's basis. The inverse (short) ETF of the Nasdaq, SQQQ, has never closed a weekly candle above the Leading Span B of the Ichimoku Cloud (pink line in chart). Last week and the previous week, the weekly candle was very strongly resisted at this level. Now, the weekly and monthly momentum oscillators started to move in the opposite direction. This will not only make it much harder for SQQQ to pierce the line, but it could also result in SQQQ plummeting quickly, and therefore QQQ and the Nasdaq rebounding quickly. For comparison, many data points are covered in this chart, and there is a high statistical probability that the Nasdaq has bottomed. Not even during the peak fear of COVID-19, when the global economy shut down and governments feared millions of deaths, did SQQQ pierce the weekly Ichimoku Cloud. In December 2018 when the Fed was starting to rapidly roll off assets on its balance sheet and was raising interest rates, SQQQ still did not pierce the cloud. This fear is very similar to today's fear. Even further back, not even during the major flash crash in 2015 or on Black Monday in 2011 when the market crashed did SQQQ pierce the cloud. Today, hardly anyone remembers these episodes in stock market history. Similarly, in ten years or so, few people (except maybe those who sold all their positions at the market bottom) will remember what happened in May 2022. The NDTH is a chart of the percentage of Nasdaq 100 stocks that are above their 200-day moving average. It dropped to nearly 10 in May 2022, meaning almost 90% of Nasdaq 100 stocks were below their 200-day moving average. The last time this level was reached was in March 2020 right at the bottom of the COVID market crash. The NDTH has never dropped below 15 except during significant bottoms on the Nasdaq. There are many other examples in which the charts suggest, with high probability data, that we just experienced a significant bottom on the Nasdaq 100. (Eg. The Nasdaq 100 was supported on the monthly base line, the monthly candle is extremely bullish, the monthly EMA ribbon of the QQQ/SPY ratio chart strongly held the outperformance trend in place, inflation and interest rate charts are cooling. Although this may be a significant bottom, it does not mean a years-long bull span is ahead. Rather the charts suggest the panic selling has ended for at least the short to intermediate-term. To be fair, some charts suggest that the QQQ/SPY outperformance trend could be nearing the end of its decades-long run. (Credit to @Breakout_Charts for identifying this) If this occurs, then it could be the start of a new cycle, or even super cycle, whereby the Nasdaq underperforms for years. Finally, a point about market psychology. Bottoms occur when 'extreme fear' turns into just 'fear' (yes, there's actually an indicator that measures this). That indicator has moved significantly from 'extreme fear' towards 'fear'. With this said, there might be a lot of people who might comment on this post and say scary-sounding things about the state of the economy or stock market. If none of these fears existed among market participants, we would never even have gotten to this bottom. Never sell because of fear alone. Not financial advice. As always anything can happen. Just my thoughts. Leave a like if this was helpful and you'd like me to post more analyses. Please feel free to comment below if you have additional thoughts.
NASDAQ:SQQQEducation
by SpyMasterTrades
5
HUB.TA Jumps +50% in June as Global Tech Industry Slumps2022 has proven a volatile year for HUB Security investors, and not for the reasons dragging down the tech industry at large. Back in March '22, HUB (now listed on TASE) announced the closure of a SPAC agreement with RNER for a Q3/4 NASDAQ listing. After an astronomical rise to over 900ILA from ~380ILA at the start of the year, the stock took a nosedive to a YTD low of 261LA in early May. Investor jitters over the SPAC deal, the global pullback of the tech industry and stocks, and a worsening macro-economic backdrop overall were the main drivers of this see-saw motion over the past 6 months. Things are looking quite a bit greener this past month--June 2022--as HUB has regained its footing and is currently tracking a highly-encouraging uptrend. From its May 12th yearly low, HUB has climbed to over 600ILA and counting. Meanwhile, the rest of the market is getting clobbererd--as you can see, QQQ and leading cyber ETFs like CIBR and BUG are all down around 4-5% in the past month. Similarly, two of HUB's closest peers in the confidential computing sector--PANW and FTNT--are also down about 2%. Though confidential computing seems to be outperforming tech/cyber as a whole, the niche is still in the red amidst rising turbulence on global equity markets. So what is behind HUB's recovery and recent gains? I added HUB to my watchlist back in March following their SPAC deal, and have been closely watching as their SIR inched upwards MoM. HUB's SIR moved from 0.48 on May 12 to 0.84 on May 19th and then 0.82 on May 26th. That means >80% of trade volume was dominated by short activity. The company has clearly been making moves to combat malicious shorting, including the company's announcement of intention to buy back $4.5M USD worth of shares in order to force the shorts to cover. On June 9th SIR had been driven back down to 0.48, helping to explain the early-month momentum. While SIR had jumped back to 0.7 as of June 16th, it looks like the bulls had already established some upward momentum. HUB SP has increased by more than 50% in the past week alone, strongly suggesting that investors are trying to establish positions in anticipation of the value multiplier shareholders will enjoy come the NASDAQ listing. I will be interested to see how HUB's SIR looks on June 23rd, but higher-than-average trade volume and a month-long uptrend (see PVT, 30D MA shown on chart) are signs that despite the worsening economic picture on a macro-level, HUB is trading strong and girding for success on US Markets.
H
by EagleEyeAnalytics
Datadog, Inc 80% Decline UnderwayDatadog is an observability service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform. Annual Revenue: Datadog revenue for the twelve months ending March 31, 2022, was $1.193B, a 77.9% increase year-over-year. Datadog annual revenue for 2021 was $1.029B, a 70.48% increase from 2020. Datadog annual revenue for 2020 was $0.603B, a 66.34% increase from 2019. Annual Net Income: Datadog annual net income for 2021 was $-0.021B, a 15.49% decline from 2020. Datadog annual net income for 2020 was $-0.025B, a 46.9% increase from 2019. Datadog annual net income for 2019 was $-0.017B, a 55.27% increase from 2018.
NASDAQ:DDOGShort
by KnowledgeAndProfits