TECH
Bitten Apple.The rally of mid-March was fueled by Corporate Buy Backs. Retail investors, Hedges, and Institutions are still net sellers. QE per the Fed officially "ended" today. The consumer is in worse shape yet again and this will reflect in retail soon as people don't need a new phone, laptop every year and switch to every other or two years. Ironic though that Apple hasn't released guidance for their earnings.
We may see a double top if the buy-backs continue, even the possibility of setting a new ATH. There is a possibility that the S&P could set a new ATH before the actual collapse takes place. Let's see.
RSI and MACD have plenty of room to fall. MACD on 1M is getting closer to crossing into a bearish sentiment. 200MA is $155. If Apple fails to break $178 and remain there or if the next few trading days are sellers, we could see this chart play out as Apple heads back to $160s area.
HUB Security (TASE: HUB) Recovers Lost Ground, Braces for NASDAQ2022 has been quite the ride for Hub Security (TASE: HUB). In late January, the company announced its intention to pursue a NASDAQ listing via an unnamed SPAC merger. Further details were released on March 23rd, when HUB announced a definitive SPAC merger with RNER for a Q2/3 '22 listing on NASDAQ at a $1.3B valuation. Significantly, this market cap represents a significant valuation multiplier for existing HUB.TA shareholders, presenting a unique opportunity for significant upside for LT investors and stakeholders. After posting nearly 100% share price increase YTD, following the SPAC merger announcement HUB share value tanked, bottoming out late-March after backtracking most YTD gains. That said, in the weeks since the stock is slowly re-accruing value as some of the initial hype is fading away, signaling the re-entry of LT investors after traders/ST-holders panic-sold in March.
In sum, HUB.TA +26% YTD, meaning that it has far outperformed multiple benchmarks such as the TA90 (+3.39%), QQQ (-17.16%) and the CIBR ETF (-4.7%). As NASDAQ and really the global tech market as a whole have taken a beating, HUB continues to perform strongly and regain lost ground as it braces for its highly-anticipated NASDAQ listing. To date, price action is flirting with the 10-day MA, meaning the free-fall of end-Q1 has all about stopped. Furthermore, RSI has been moving steadily through slightly undervalued territory, meaning that now HUB share price is more fairly priced by the market compared to the burst of volatility in late-March. All tentatively bullish signs that this confidential computing disruptor is re-establishing its footing after a bump in the road as it braces to make a splash on the US cybersecurity/tech investment space.
NVIDIA (NVDA): Expressing the Crossroads We Are At As you can see this Pitchfork shows just how strong of a Bullish Trend the Technology Sector has been in for the last 20 years.
Price finally reached a point of Peak.
Now, this doesn't mean the top is in but rather shows just where we are in the cycle.
Price isn't at life-changing levels anymore , at least based on the previous 20-year trend .
In fact, the Price is still a great deal away from the 200MA .
Hedge Funds and high-level investors are well aware of these levels.
As we head into a slowly economy filled with many unprecedented macro challenges, growth will be limited .
That's not to say there won't be light at the end of the tunnel, there certainly will be.
The question is...
Are we already on the other side or are we just beginning?
TTWO Entering Underbought Territory in Potential Swing Play TTWO stock grew by +3.71% on Friday , stock opened at $132.13 and closed at $136.41, stock is working below 20 EMA shows that stock is bearish in nature and RSI is at 38 that shows stock is at best place to make an fresh entry. For better risk and reward make entry in this stock when it cross 20 EMA in daily chart. You can invest in this stock for short as well as long run. The average traded volume of this stock is 1.969M/day. The current market cap of this company is $15.749B. They will report fourth quarter and fiscal year 2022 ended March 31, 2022, after the market close on Monday, May 16, 2022.
NASDAQ delivered as expected, and continues...Previously heads up , The short week filled in as expected with a continued breakdown below the weekly 55EMA. This is bearish confirmation (without doubt) that the technical bounce is done. On the weekly basis, a higher low or a return to 13K is in the cards for the weeks following.
The daily charts show the weak rally and the week ended with an overwhelming outcome, in the form of a "bearish engulfing"; not quite so as it did not totally engulf from the open, nonetheless, you can obviously see the bearishness.
The first support to bounce is not expected to hold, and perhaps the second support would hold better. Failing which, 13K is the support to look towards.
Daily technicals are in bearish territory, so expect some downside after the Easter weekend.
At this point, it is not (yet) looking extremely bearish. Not yet.
Stay safe!
Swing Trade US100Short term reversal trade
We are watching a retracement and could have found a temporary bottom here.
The market participants have tried to break the resistance 6 times at 14.600 since tech (and everything else ofc) plummeted in Q1 (since January).
the market bounced at 13.000ish and tanked up to 16.000 and higher.
Witnessing a short-term retracement from that bullish movement and a possible swing trade idea.
Looks like 14.400 has strong support and the market will probably go through 14.600 and visit 15.000. This range is probably tradable for a few days.
anyway, "things" can happen, so a continuation of a downtrend is not fully negated, but the odds for a surge are, in my humble opinion, looking good.
Thanks for reading
(No financial advice here)
SPY Analysis 04/10/22 - Daily TimeframeSee below for chart indicators -
SPY has been in a bull run since March 14th, with a (so far) retracement beginning the end of March. As of last week, SPY finished in quite the gray area - with many signs of uncertainty in both buyers and sellers.
First, it finished above both its 50 ema (445.50) and above its ATH aVWAP (442.50) - using the 50 ema as strong support and barely touching its aVWAP. These are both signs that the bulls haven't given up yet, despite having dropped 4% in the past two weeks.
The RSI is also an indication of bullish struggle, with the RSI 50 being a point of heavy support and resistance in the past, the RSI currently sits at 51 - meaning SPY could potentially use this as a point of support.
As for the bears, the 9ema acted as a point of strong resistance for SPY this past week, even stronger than the 50ema's support - a bearish signal.
We also see a steady decline in Volume, so expect some inflection point and move happening sometime towards the end of middle/ end of April.
As for my personal opinion, I feel SPY is headed lower short term after a period of consolidation. Overall economy sentiment is negative for good reason, and there is still much uncertainty for the war in Ukraine.
Puts below: 445.50, 442.50
Calls above: 450
Chart Indicators: 50ema (yellow), 9ema (blue), ATH aVWAP (pink)
RSI Indicator: RSI MA (yellow) RSI (purple), Supports (green circle), Resistances (red circle)
This Could Be a Great Long Term BetNanox have been short-selled quite alot, and then you have this + the combination of hyperinflation and a recessive economy. However, Nanox is an Isreali company. The Nanox Korea building construction has been completed . While it may be a risky bet, now may be the time to get in. That said, please invest at your own risk. Do your own due diligence and everything said here is on an opinion-based basis.
NASDAQ strong rebound may be waningThe NASDAQ is a recent interest...
The charts showed a spike down to briefly break 13K as expected, and then it rebounded strongly intraday, into the daily chart, and then also into the weekly chart.
However, 15250 appears to be a strong resistance, and the daily chart shows the rejection at resistance. The weekly chart ended with a long topside tail, suggesting a retracement to the 14.5K support level.
Retracement mode!
Triple Bottom Setup on AAPL, Target at 205Chart Pattern/Trend Analysis
The main view of this trade idea is on the Daily Chart.
The Company stock Apple (AAPL) appears to have exhibited a triple bottom around the 150-155 support zone over the last 3 months. The stock had 3 declines, the first around the end of January, the second in late February and the last in mid-March. At the time of publishing the stock is testing resistance around the 180 price level. Expectations are for a rally towards the 205 price level. A negation of this view will be observed if AAPL falls back towards the support zone.
There is some positive trending relative strength on AAPL on SPX as well as TLT. These occurred around March 21st.
Technical Indicators
The technical indicators corroborate a bullish view on the stock. There was a switch in the Supertrend indicator around the 160 resistance level with a close above. Also, AAPL had a positive crossover on its 50-day SMA. The Awesome Oscillator (AO) is above 0 and green. Finally the RSI is above 50.
The intra-day trend following indicators of AAPL also display uptrends in the 15-Min, 2-Hour and 4-Hour time frames. The near-term support for the stock is observed around the 167.00 to 167.25 price range.
Recommendation
The recommendation will be to go long at market, with a stop loss at 160 and a target of 205. This produces a risk/reward ratio of 1.42.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.