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IXIC trade ideas

Big tech stocks fell sharply due to Trump tariff concerns Despite some resolution of tariff risks, USTEC failed to recover from the loss. In particular, big tech stocks with high overseas exposure fell sharply. Tesla (TSLA) fell 5.19% over concerns that Trump's tariff policy could harm the company, given that 15% of Model Y parts are sourced from Mexico and Canada. Apple (AAPL) also dropped 3.39% due to concerns that new tariffs on China might ultimately raise iPhone prices. USTEC briefly tested the ascending trendline and the support at 19140. The index has since rebounded slightly, awaiting additional price triggers for an apparent trend reversal. If USTEC breaks below 19140, the index may fall further to the next support at 18670. Conversely, if USTEC breaches above both EMAs, the index could gain upward momentum toward the 20200 highs.
NASDAQ:IXIC
by inkicho_exness
The PNP Index – A New Way to Evaluate Risk and ReturnsIntroducing the PNP Index – A New Financial Metric! 📊 I recently completed research on a new financial metric called the PNP Index (Positive-Negative Probability Index). Unlike traditional measures like the Sharpe ratio, this metric offers a more balanced way to evaluate returns and volatility, making it ideal for quantitative trading strategies. 🔹 Why is the PNP Index better? ✅ It uses logarithmic returns for accurate backtesting. ✅ It balances positive vs. negative fluctuations instead of just standard deviation. ✅ It enhances algorithmic trading and AI-based forecasting models. 📄 Read the full research paper on SSRN: 🔗 The PNP Index – A New Metric for Evaluating Financial Performance papers.ssrn.com 💬 What do you think? Could this metric help improve trading strategies?
NASDAQ:IXIC
by MottyShai
NASDAQ Composite Has Highest Volume Distribution Day In 4+ YearsI scrolled back as far as IXIC would supply me the data and I was unable to find a day that had this much volume at all. I realize that this is just one single data point in a sea of data points, but this is a very strong one. This is not trading advice, but it is a word of caution for myself for the near term. The correction we are currently experiencing has good odds of taking out the previous low soon. I will not be taking on any more risk in the near term, and if we get a a bounce tomorrow morning I may use it to go into all cash until conditions improve.
NASDAQ:IXIC
by CardinalRuleTrader
Market Watch Can the NASDAQ Overcome Resistance or Will It Fall?The NASDAQ has been struggling to break above the $20,059.24 resistance level, facing multiple rejections in recent sessions. This repeated failure to push higher suggests a potential shift to bearish momentum, especially with broader market weakness observed this week. If the NASDAQ fails to clear this resistance, we could see it break down from its current channel, which has been intact since September 6, 2024. If the price moves lower, the next key support levels are at $18,669.99 and $17,975.67. A breakdown below these levels could trigger further declines, and the market might follow suit with a broader selloff. These support levels are critical for any potential reversal. Keep a close eye on the resistance and support levels, as the direction here could influence the broader market sentiment in the coming weeks.
NASDAQ:IXIC
by CryptocurrencyWatchGroup
Nasdaq and S&P500 before the electionHello, traders! I mostly post cryptos here but I also trade indices so I wanted to share my ideas. Markets are showing steady and calm movements as the election approaches and I think now might be a good time to watch over the indices. I often check the indices because I trade them regularly - my idea behind the trades is simple. "It will rise if it gets too low." Of course I wouldn't do the same for cryptos but I feel much more confident with the indices. Looking at my charts, I noticed the indices are now pretty close to my entry points which are bottom (support) lines of the regression channel and the pitchfork. With the election and possible rate cut ahead this week, there's a great possibility the markets will move upwards - even regardless of the result. This is due to the excitement for the new government. I'll keep watching.
NASDAQ:IXICLong
by QJEEE
Where is Nasdaq heading? support line where, resistance where?Take noted the below is not an investment advise, bet at your own risk. I am solely not responsible for any of your loses in money or assets. The Current Nasdaq Composite price is 13211.81 as of 25 September 2023. The Nasdaq have potential to drop to 12022.08 to 12000 range in the coming 1.5 months before the Fed's FOMC in November 2023. The price will hover between 14189.43 to about 12022.08 within this period. Potential strong tailwind is the pause of US Fed's rate hike this coming November 2023. This will drive and test the resistance level at 14189.43. If there is a breakout then the next level of weaker resistance based on the dynamic resistance will be at 15466.76. Potential strong headwind will drive the market to around 12022.08 because of higher rate for longer by Fed's US. If next 1.5 months down the road if there is other or fews strong headwinds appears then the price might breakout from 12022.08 and head lower to a stronger support at 10604.35. This is highly unlikely to happen withing next few months as the Fed's is data dependent and also depend of the next 6 months' data to say that they will maintain the Fed's funds rate for longer. Still I think is not clear at the moment that the Fed's need higher for longer for 2 years. 10604.35 is a very strong support level based on the 1-week chart of Nasdaq composite. I would only start buying a little at 12022.08 and reassess for 2 to 3 weeks before buying more. If by the time Nasdaq reach 12022.08 and the S&P have no reach 3900. The Nasdaq composite might go lower following the S&P 500. Based on current market condition it is highly unlikely to get a low that surpasses last year October 2022 bottom. However, the future for a US recession is unclear currently as there is both camp of soft landing and a recession.
NASDAQ:IXICLong
by TioJunYong8623
2
Nasdaq Composite: Market Exposure and Industry InsightsThe Nasdaq Composite is currently in a confirmed uptrend . As of October 4th, there are 3 distribution days , which implies mild pressure in the market, but conditions remain favorable overall. Our market exposure is suggested at 90% , indicating confidence with some caution. Key Points: Market Condition: The Nasdaq's current uptrend is intact, with support holding above the 21-Day Moving Average (DMA) . This level is crucial and should be watched closely in the upcoming sessions for any changes in market sentiment. Industry Strength: Technology remains a leader, with notable strength in Software and Semiconductors . Leisure Gaming also shows promise. On the other hand, sectors like Solar , Specialty Retail , and Auto Manufacturers have underperformed, trading below their 50-DMA and 200-DMA , which suggests ongoing weakness. Opportunities: We see actionable opportunities in Software and Networking . Stocks like Arista Networks (ANET) and Apple (AAPL) are showing promising setups, either forming bases or trading near pivot points. Arista Networks (ANET): ANET has shown consistent strength, breaking past its recent pivot at $364.15. Quarterly earnings have surpassed estimates consistently, with positive growth in gross margin and return on equity. With the RS line rising and price nearing highs, ANET continues to be a leader in the Networking sector, offering an opportunity for potential gains. Apple Inc. (AAPL): Currently consolidating near the upper pivot range of $233.09. Earnings projections remain positive, with a growth estimate of 12% for the upcoming quarter. The stock is supported well above its 21-DMA, indicating healthy momentum. Market interest remains strong despite mixed earnings surprises in previous quarters, positioning AAPL as a potential breakout candidate. The key takeaway is to maintain exposure in leading industry groups, focusing on sectors demonstrating strength. Narrow pullbacks are a positive sign for further gains. It’s advisable to avoid exposure to weaker segments that are struggling below key moving averages. Let us know—do you see strength in the tech sector, or are you focusing on other opportunities? Disclaimer: The information provided here is for educational purposes only and should not be construed as financial advice. Trading involves significant risk, and you could lose some or all of your investment. Always do your own research and consult with a professional financial advisor before making any trading decisions. Past performance is not indicative of future results.
NASDAQ:IXICLong
by TradeVizion
Important Support Zone: 17496.82-17806.08 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- I published it as a NAS100USD chart, but this is the first time I published it as an IXIC chart. The reason I published it as an IXIC chart is to check the gap location. - To summarize the content below a little more, - The key is whether it can receive support near 17806.08 and rise above 18425.15. - If it rises, it is expected to determine the trend again near 19189.16-19615.36. - If it falls below 17806.08 1st: 17496.82 2nd: 16480.98-16574.39 3rd: 15491.66-15780.14 You need to check whether there is support near the 1st-3rd above. - Since the StochRSI indicator is currently in the overbought zone, even if it continues to rise, it will eventually show a downward trend. At this time, whether there is support near 17496.82-17806.08 is important. ------------------------------------------------------------------------------- It is rising with a 2.32% gap increase. It is expected that a full-scale uptrend will begin when it rises above 18425.15. Therefore, the key is whether it can rise with support above 17806.08. If it falls below 17806.08, it is likely to fall to around 17395.53. - It has risen above the left Fibonacci ratio 3.14 (17191.03) and is rising near the right Fibonacci ratio 0.886 (18171.81). Therefore, if it rises above 18425.15, it is expected to determine the trend again near the right Fibonacci ratio 1 (19189.16) ~ left Fibonacci ratio 3.618 (19615.36). - However, since the StochRSI indicator is currently in the overbought zone, it appears to be forming a high point. Whether this high will be a real high or a high to create a pull back pattern will depend on where it is supported. Therefore, if it falls to the lowest point from the current price position, the key point is whether there is support near 17496.82. However, as I mentioned earlier, the first support area is near 17806.08. - Have a nice time. Thank you. --------------------------------------------------
NASDAQ:IXIC
by readCrypto
Is the NASDAQ in a Wave B or the bull market is not over?I’m really curious to see how the NASDAQ will unfold in the coming weeks. The bull market and dip buyers seem more resilient than ever, despite significant divergences between market performance and the broader economy. The big question is: Are we still riding a Wave 5, or is this all just a trap waiting to unfold? What’s even more interesting is that both the recent correction and the recovery retraced exactly 0.786 of their respective moves. This symmetry could be signaling something important—is it a sign of strength, or just another layer to the potential trap?
NASDAQ:IXICShort
by integer256
Nasdaq Composite will now probably see a correction of 7-12%.Clear technical signals have now been given that a major correction may come within a short time for one of the world's most important stock market indices, The Nasdaq Composite Index (^IXIC) in the USA We all know that there will occasionally be some slightly larger corrections of typically between 7-12 per cent, and even if the underlying trend for indices or shares can be positive. Now the time may have come for this type of correction, and for the very important American stock market index Nasdaq Composite. Technical Analysis of the Nasdaq Composite Index (^IXIC) If we look at the weekly charts for the Nasdaq Composite (^IXIC), a clear sell signal was given in the last week from a 'shooting star' pattern in the weekly candlestick chart for the Nasdaq Composite. What reinforces this sell signal is that the Nasdaq Composite is now both right up against the resistance level at upper trend line in the long-term rising trend (cf. chart), and at the same time various momentum indicators (weekly charts) show a heavily overbought situation for the Nasdaq Composite. The overall technical picture for the Nasdaq Composite now indicates that this one of the world's most important stock market indexes, the Nasdaq Composite, may be facing such a 'typical' correction which comes in at around 7-12 per cent down, and within the rising trend. In any case, no one should be very surprised if such a correction were to occur in the coming weeks and months for the Nasdaq Composite Index (^IXIC). According to the long-term rising trend that the Nasdaq Composite Index (^IXIC) is moving within (cf. chart), a correction down to somewhere around 16,000 - 17,000 is now being signaled for the Nasdaq Composite. On Friday 12 July 2024, the Nasdaq Composite ended at 18,398. So if there should now be a correction down towards 16,000 - 17,000 for the Nasdaq Composite, it would therefore mean a correction of precisely around 7-12 percent down from today's level at 18,398.
NASDAQ:IXICShort
by StockCharts365
3