$KR with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $KR after a Popsitive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 40%.
Usstocks
$MRVL with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $MRVL after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
$ULTA with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $ULTA after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
$VEEV with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $VEEV after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
$ZA with a Bullish outlook following its earnings #Stocks
The PEAD projected a Bullish outlook for $ZS after a Negative over reaction following its earnings release placing the stock in drift C.
$BEKE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $BEKE after a Positive Under reaction following its earnings release placing the stock in drift A.
$HRL with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $HRL after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 80%.
$SNOW with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $SNOW after a Positive Under reaction following its earnings release placing the stock in drift A.
$TD with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $TD after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 77.78%.
S&P 500 Decline Completed?The decline in the S&P 500 has been in progress since the start 2022, and is
technically still in a decline until indicators prove otherwise.
We can see a consistent pattern of lower lows and lower highs, but early signs
show that a support level may have disrupted this pattern.
In early October 2022, price hit the weekly 200 simple moving average which
is acting as a strong support level. Since hitting this level, we have seen
a bounce to the upside.
This current move up could still be followed by another decline because it has
now hit the daily 200 simple moving average (not shown) and is reacting to
this level as resistance and finding it slightly challenging to get through.
The $4000 round number is also acting as resistance, so we need to see if
price will fail and fall back to support or even form lower lows.
A break above the cluster of resistance mentioned above should see the bull
rally resume and continue the uptrend. This is when we will begin looking for
long opportunities amongst our top stocks list to take advantage of the next
leg of the bullish market.
Patience as always for now, but we are edging ever so closer to jumping
into high-probability opportunities in the stock market.
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As always, keep it simple, keep it Sublime.
DXY will find support above 103.70As the global economy continues to recoil after the US Fed rate increase - watch for the USD/DXY to find support above 103.70 and flag sideways/higher over the next 15+ weeks.
I suspect any continued Fed rate increases will put further pressure on global markets/currencies and drive foreign investment in USD assets throughout 2023.
Yes, the US economy is contracting - which is exactly what the Fed wants (breaking inflationary trends). But, that does not mean the US economy is CRASHING.
What is happening is the strength of the US economy/USD is creating a capital-shift we've not seen since the early 2011~2013 bottom.
Foreign investors are rushing away from risk - towards safety, security, & ROI. That means they are seeking the safest, strongest economy on the planet, with the best chance of ROI.
I believe that is the US economy (the strongest on the planet) which is currently ON SALE at a 40% to 70% discount.
Pay attention.
$CRM with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $CRM after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
$PPG with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $PPG after a Negative Under reaction following its earnings release placing the stock in drift D.
$STLD with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $STLD after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 61.54%.
$TRV with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $TRV after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 62.5%.
