NASDAQ under the microscopeWas just looking at the NASDAQ futures and the price actions over the market holiday yesterday amidst the hype and concerns over Russia-Ukraine issues.
In the NQ1! 4H chart, recent multiple failures of the 55EMA (4H and Daily) technically projected downside for the NASDAQ (amongst other equity indexes). There appears to be a cyclical fear pattern over the last month, and in this current cycle, it should peak down today. Am expecting a spike down type of peak, that tests the support, breaks it somewhat and then a likely rebound ensues (as previously posted that NQ1! should be testing support).
That's what the technicals are hinting to me anyways. There is a near support, but I am looking at possible spike down to 13,000 in the coming days.
Longer term still looks volatile, and longer term target is still lower for now. Absolutely plausible for a major DCB and then a massive turn of events.
I do have a date in mind though... 10 MAY 2022. Watch that date!
Stay safe and well!!!
TECH
sell MSFT tradeHigh probability trade for NASDAQ:MSFT stock. I recommend opening 2 positions . 1st Position with Stop loss and take profit as shown here .the 2nd position has the same stop loss but with 261 take profit , when the first position closes and hits the take profit , move the Stop loss to entry price for the second position and wait for it to hit 261 or wait for a take profit update in this post .
This is a high probability trade with a great potential risk reward superior to 5 . In the markets There is never a 100% win probability .The idea is to have the odds in our favor and to be much more right than wrong .
NAS100 to Rally Towards 17200Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. The NASDAQ 100 Index (NAS100) is currently testing resistance, after declining a little over 8% in the month of September into early October. In mid-October NAS100 broke the downtrend trendline and steadily rallied back towards 15720 resistance. A clear breakout from this resistance level established in early September should take NAS100 towards 17200. A failure in this potential breakout will be known if NAS100 declines to 15260.
On the Daily Chart NAS100 is making a leg higher with the uptrend intact.
Technical Indicators
Currently NAS100 is trading above its short (50-MA), medium (100-MA) and long (200-MA) term fractal moving averages. There have been positive crossovers on these MAs, indicating a bullish trend. The RSI is also above 50 with the KST making a positive crossover. These technical indicators are implying that the uptrend for NAS100 will continue.
Recommendation
The recommendation will be to go long at market, with a stop loss at 15260 and a target of 17200. This produces a risk/reward ratio of 2.99.
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. At the time of publishing I have exposure to the NAS100.
SPX Correction (ABC Wave Pattern)So far, Elliott Wave Theory has done an excellent job of predicting the recent bear market. There was a clear five wave pattern down from A. B has retraced exactly 0.618 (the golden ratio) of A so far (it's possible B isn't yet completed). Assuming that 4595 holds, Elliot Wave Theory predicts that the C wave will extend to one of the levels shown in the chart. If C extends farther to 161.8% of wave A, the ABC correction pattern is invalidated and a five wave pattern is in progress. This would be the "crash" scenario.
All tips are appreciated:
ETH: 0x13cd45d7d282ee0ee4635645cce2e2a566d9bed8
POST SHOW. GJ FOREX Mystery Train and Nasdaq Bull? Emergency Meeting . GJ FOREX Mystery Train
Price is 156.506. Hella bounce outa zone with monthly price history. bounce off the 18ma. Daily almost looks like a hammer. Could be a hammer. However the oscilators look bearish. Simple STORSI bearish, MacD bear. Can look at some others if we want but on the daily big bear. So do we fill in this bear wick? Do we bounce? Previous few days still bearish. Still haven't seen a 52 MA match. We'll see. Weekly COT for launch suggested some are looking bearish.
NAS is what it is. Just wants to stay bull til its not. 14470.
I am looking for more bearish action but we'll see if they delay those moves longer into news. Depends on who's earnings are up. I'm in a fat finger short. Alerts set hither mostly lower on Smalls STIX, Tech Futures. I'm getting REKT. Huge dumb fat fingers.
Gold. I'm out of my other fat finger short. Decent profit. Could fall off the ciff here at 1853. But could continue it's march into the 2000s. I'm not entering at these hours. Price has been hitting extremes at key London hours.
FX & Bitcoins reminders in the video.
10amish 2/15/22
atm
NVDA earnings gamble ($250)Do you like risk?
Do you like NVDA?
Do you live on the edge?
Are you dumb with your money?..
Then this is the chart for you!
NVDA closes a gap at 228, and the charts are leading right to that gap closing on the 16th. Anyway, if that gap does close on the 15th or 16th, and earnings are good (AH on the 16th), why not take a chance up to $250 and maybe even higher, I'd probably say a max of 261.86.
Anyway, I drew a line, because those are fun sometimes.
QQQ and techInside week, high of last week was 370.1 and low was 351.52. Previous week high was 374.36 and a low of 334.15. Looking to see what way we break this upcoming week. A lot of the big names already reported. AAPL, AMZN, and GOOG rally and help push QQQ higher while the weakness of them all FB got destroyed by their poor earnings report. Been seeing a lot of people who didn't like that AMZN beat because of RIVN IPO. The question is do we chop around this week or do we break the inside week in any direction. I am ready to play puts or calls depending on how we open up on Monday.
$BABA 59% gap up 👁🗨*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*
The market overall has reached its next buy zone. My team is loading up shares of companies that we believe will surely benefit within a small interval of 34 trading days. Some of these trades will be swing, others will be held long-term.
Friday afternoon my team purchase shares of Chinese online and mobile commerce company Alibaba $BABA at $130 per share. Our take profit is $200, which is a 59% increase from current levels.
Our Entry: $130
Take Profit: $200
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$SNE buying the dip*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*
Recap: My team originally entered Sony $SNE at $92.33 in 2021 and captured massive gains on the Japanese tech giant before selling at $125 per share last year in December.
$SNE was hit badly along with other tech players in its industry recently. This means it's not a bullet-proof play despite its current undervaluation. However, the Japanese economy is looking better than most, and $SNE has also been tapping into multiple markets such as music, film, semis, gaming and many more.
Another good mention is that there has been more news regarding semiconductor competitiveness among countries recently. This means that countries like the US and Taiwan will be pouring more money into companies from their homelands that produce these computing chips. These chips are used in the production of PlayStation 5 systems, and by selling more systems $SNE can greatly increase its stream of revenue once the semiconductor crisis is adverted.
My team has started a new position in $SNE today at $110 per share. Our first take profit is at $140.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$PINS buy the dip and wait for a buyout*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*
Popular online product and idea discovery platform Pinterest $PINS has seen better days. After correcting from its 2021 all-time-high of $89.90 the share price now sits at $24.55.
The company derives the majority of its revenue from selling digital ads. My teams main concern is new user growth. This could potentially scare away more investors if these numbers haven't shown much improvement in Q4. $PINS uses 1st party data to target its audience, which is substantially better than Meta Platforms $FB third party data system. If $PINS can prove that its system still works in face of new emerging marketing trends, then it could potentially be bought out by another company if they are willing to sell.
Multinational online payment company PayPal $PYPL recently dropped in share price following their Q4 earnings from a decrease in lower income customers due to the inflation surge. $PYPL was previously sought to buyout $PINS in the past. The opportunity was lost, but this digital finance company may just actually go through with it in order to revive itself to its previous lost glory.
$FB is also in deep red this morning following an earnings plunge, and because of its large market capitalization the market is being temporarily dragged down with it. Despite the noise my team has taken this golden opportunity and entered $PINS this morning at $24.55 per share. Our stop loss is reasonably set at $22. There is no take profit currently in sight.
Earnings are expected to be released today 2/3/2022 after the market closes.
OUR ENTRY: $24.55
STOP LOSS: $22
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$CLSK spark up 👁🗨*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
The crypto market is at its loading zone. My team is loading up shares of crypto related companies that we believe will surely benefit from this rally.
Today my team purchased shares of clean-energy software and bitcoin mining company $CLSK at $7.40 per share. Our first target is $13.50
Our entry: $7.40
Target 1: $13.50
Target 2: $20.25
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IS GOOGLE READY TO RECOVER FROM ITS CRASH ?I think that google is long for the moment, the stock could still crash again and go lower but then recover again, we can see that google is a very stable stock and his movements are perturbed by things going in the world these days
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$BTC bitcoin isn't going anywhere*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*
Recap: My team is still holding the Bitcoin $BTC entry we made on 1/22/2022 at 35k.
This is how the monthly chart looks to us currently. It's important to remember that at the end of the day charts are just for reference purposes. Sometimes they are 100% correct, and other times they couldn't be further from the truth.
This chart depicts a tale of consolidation within the 32-42k range until March when $BTC decides to take its decided leap upward (or possibly downward). Crypto is however making new headlines and breakthroughs every day. NBA basketball superstar Lebron James recently announced a pact with Crypto.com for a Web3 project. Even in the NFL athletes like Aaron Rodgers, and Odell Beckam are being paid in Bitcoin. These things may not seem that important, but in reality, they actually are.
Michael Jordan, known worldwide as the best basketball player ever signed a legacy deal with Nike in 1984. Nike has become widely popular ever since and continues to grow even now in 2022. If Bitcoin started in 2009, just imagine what it's going to look like 25 years from now.
Many people feel as though they've already missed out on any potential Bitcoin run for the foreseeable future, but this couldn't be further from the truth. What Bitcoin will do within the next few weeks is uncertain, but my team is absolutely certain of one thing, and it's that Bitcoin isn't going anywhere.
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QQQ Put Credit Spread - 10% RoM As the title says, simple put credit spread, was enterred at noon today when we were green. THe position is currently being tested to the downside. I debated turning this into an IC as well just like the other trades from today, but I feel that QQQ would be the one to turn around the quickest and I do not want to end up in a scenario where my call side gets blown out.
500 BP used - 0.58 credit recieved.