Audacity618

Audacity618

Prior plunges below this custom weekly Keltner channel have a good track record of highlighting buying opportunities. In simile terms.. when markets plunge too much and too fast, a great accumulation occurs with wild oscillations. After the accumulation will come a "disbelief rally" where the market will continue to rip higher in a concave down curve to the...

Audacity618

OKLO is my personal favorite nuclear play that feeds off the AI energy. Really beat up since it's height in early February, down over 50% as of today (as are a lot of other stocks given the macroeconomic backdrop). Chris Wright, a member of its Board of Directors, was confirmed as the U.S. Secretary of Energy on February 3, 2025. As a result, Wright has stepped...

Audacity618

The Russell 2000 is down 17% from November highs. According to Bank of America, small caps are not pricing in a recession. Historical small-cap selloffs during recessions have been 35-40%, with forward P/Es dropping about 30%. Earnings are still 38% below their peak. Small caps trade at 14.2x earnings, slightly below the historical average, suggesting they reflect...

Audacity618

Confluence of bearish signals here. Target $100. - Death Cross 50ma < 100ma - Breakdown of year-long log trend - under 200ma - Topping Arch pattern

Audacity618

Retracement back to ~527 and then lower leg down to >500. Following a similar pattern to the Jan 2022 top -> a failed breakout higher, 50-60% retracement, than lower leg.

Audacity618 Updated 

Putting aside my personal beliefs on the current state of the economy (bad inflation and job figures for January combined with looming potential tariffs), The Nasdaq tape reads very bullish breaking out of this tight wedge formation (blue), if it can hold this breakout and continue to move upward, I believe we have a nice bull rally play to go long.

Audacity618

The amount of hyper speculation in quantum stocks is still mind boggling. I see this tracking a classic bubble pattern where we may start to flip from the "return to normal" phase to a "fear" sell off as we get closer to earnings (early March). Short this back to under $6 from the bull trap.

Audacity618

Hot CPI providing a good dip in Treasuries which could recover quickly like a similar dip in late May 2024. We are in a buy support zone given the last year or so of trading range.

Audacity618

Clean breakout of this wedge (yellow) provides a technical bullish direction back to the teens, most optimistic targets puts this on track to $17. Monthly CCI swinging back up as well which also provides confirmation of the breakout. Look to see volume pickup to add more, earnings in a little over a month.

Audacity618

Trump plans new tariffs: 25% on Canadian and Mexican imports, 10% on Chinese goods, starting Saturday (Feb 1, 2025). Citing fentanyl and immigration concerns, the move threatens $1.6 trillion in North American trade, shaking markets and weakening regional currencies. Trump's tariffs during his first term caused significant market volatility. Major tariff...

Audacity618

Alibaba's stock got a boost after it unveiled its new AI model, Qwen2.5-Max. This advanced model can be used directly through Qwen Chat or via API on Alibaba Cloud, highlighting the company's push to enhance its cloud services. Reports show that Qwen2.5-Max outshines other leading AI models in key areas, which has investors excited. They see this as a smart move...

Audacity618

A lot of Tesla's future earnings potential is already priced into the stock, particularly with pre-revenue products like Optimus and Robo-taxis. This has led to an expensive stock heading into earnings, with both the P/E and P/S ratios higher than historical averages. While it's true that these ratios aren't at all-time highs, the current PEG ratio raises some...

Audacity618 Updated 

I believe this rebound in RGTI will ultimately be a bull trap, but this could be a very strong rebound given how fast we plunged from $20 to $6. I'm on lookout to renter short if we start to make it to ~15.50 (61.8% Retracement). My chart shows the viewpoint from Log and Linear since we are dealing with such large % changes both viewpoints are helpful. Reminder...

Audacity618 Updated 

RKLB below the monthly EMA and RSI dipping below 50 is giving a big SELL signal after a massive runup in 2024 likely due to pressure from TNX and stop loss triggers. Why RocketLab skyrocketed in 2024: Rocket Lab's stock skyrocketed by over 360% in 2024, thanks to impressive achievements and solid growth. In Q3, they pulled in $104.8 million in revenue, beating...

Audacity618

The 2024 performance of health care stocks lagged behind due to investor preference for higher-growth technology sectors. This underperformance has created more favorable valuations, setting the stage for a potentially stronger outlook in 2025. Key drivers for the health care sector include: 1. Innovation Advances in biotechnology are producing cutting-edge...

Audacity618 Updated 

Nothing special about RGTI, this is rising along other quantum companies like QBTS, QUBT, IONQ just simply due to quantum computing mania not an increase in sales or orders. RGTI burns cash every quarter and has been diluting shareholders every step of the way. Expect a big dilution from RGTI management to take advantage of the 10x run on the market cap; once...

Audacity618 Updated 

RGTI looks like the poster child of irrational exuberance in quantum stocks. New Year Dump incoming after a 1000% in a little over a month and around 2,500% from the 52-week low. No fundamental new sales or orders to back this new increase which is driving the price to sales to all-time highs. 50-60% pullback imminent. scale in.

Audacity618 Updated 

Simple strategy of buying bitcoin when it's trading under 100K leading up to Trump Presidency, I don't see why Bitcoin can't continue to 125K by Jan 20 (Trump inauguration). Fed went from from dovish to dovish/neutral in my opinion, not hawkish. This is a buying opportunity and the strong reversal forming a bullish hammer after the cooling PCE report today is the...