Going into next week I calculate fair value for the S&P 500 to be between 5,400 and 4,800 with an average target of 5,100 over the next 12 months. The low end of the range factors in any chance that we see the economy creep to a stagnant point over the next 12 months. If by some miracle the economy should continue to experience above average GDP growth, the S&P...
Looks like the medium term bias is to the downside for small caps, as we see the weekly pivot (red solid line) fall below the monthly pivot (dark solid line) with AMEX:IWM closing below both. Both deviation boxes represent two standard deviations above and below the a moving monthly pivot. We may see demand in the lower deviation range if we fall to start off...
Indices have been hitting all time highs but the number of stocks trading above their 50MA has fallen. I believe we may finally be looking at a correction. As we get into the next quarter earnings season, it will be whether stocks can continue to exceed expectations and keep the market excited about what's ahead. The AI hype may fade quickly and in a deadly way....
Based on current interest rate and inflation projections for both the British Pound and Japanese Yen, I might go short GBP/JPY for the remainder of the year.
Break and retest of the first supply/demand is what we need to see here.
Amazon is currently trading above the pivot to start off Q3 but also stuck between a rock and a hard place as they are just below the 200 week average.
Tesla currently trading above the pivot, potentially about to retest 50% on the RSI here near the pivot. This will also test the strength of the demand for the stock as we approach their delivery announcement.
These levels are good for Swing Traders and Investors.
These levels are good for both swing traders and long term investors.
These charts are good for swing traders, position traders and long term investors.
These levels are good for swing traders, position traders and long term investors.
These levels are good for swing traders and long term investors.
These levels are good for traders and investors alike. Fair value is the target that sits between the Long Duration Investor, Short Duration Investor and the Average Analyst Target.
Charting Apple for next week. Be sure to set your key levels. Happy Trading to every body!!
Not much left to be said, a break below the 125MA would suggest that fear of losing gains has taken over for AMD and there could be more downside to come.
NASDAQ:AMD investors having a tough time making sense of higher prices right now. They are definitely trading at prices consistent with speculation. How much growth can you get out of AMD at this current moment? In a lower interest rate environment they were averaging 21.90% per year. Over the next 5 years they are projected to average 8.94%. The age of high...
I shall pray for those that don't take profit. Not necessarily a major downturn coming, but those leveraged at the top may want to save themselves the pain. A return to $4,000 is inevitable and now has become more imminent.
In the short term, remnants of "the growth that was" has Tesla stock anchored to some higher prices. In the long term, the forecast looks a little more cloudy. I wouldn't be surprised to see Tesla stock hit $200 or lower again before the next bull market REALLY begins. The stock is now trading outside of it's fundamental range of value. I would take the draw...