If this support is broken then 280 is in cards very quick. Let's see if it can hold. NASDAQ:MSFT
Breaking the support may push SLV down. But metals are the first to recover after or during inflation. I think Gold and silver are not yet priced in for the inflation we are seeing and we are going to see. I guess we will have metals reach ATH in 2024 when machine starts to print again. Gold and Silver are always upfront in running to catch the inflation. See 2020...
There is a positive divergence between RSI and stock price. This is can give short tern relief to the stock up to $92. Best price to buy is from 76 to 70 dollars. Under $70, it is no touch as it can free fall till $42. Long term it is good, but with global market in recession might push this stock to 70-75 and consolidate there until global markets...
Looks like banks are not doing really good. If the red line support is broken then price will move into the box in days. Let's see if we just go range bound in the channel we are in.
CQQQ boke out of that resistance and gaining strength. It might breakout anytime and might reach $51. I think this is a good long play. But remember, when US goes into recession Chinese stocks will also dump. Looks for yield curve inversion for possibility of recession.
AMEX:XLRE Let's see if Real estate is going for a correctio or it has gas to go up again. Looks like a stagnation or correction for a long period. If FED starts printing, expect it to go higher. My theory: 1. Correction into FED pause. 2. Quick downside into FED rate cut. 3. Start the bull run again once FED starts printing and Rates go below 3%. Cheers
Looks like Netflix has very little room to run up and might correct very soon. There is gap to be filled, if it fills now then it will be over extended and correction will be very fast. NASDAQ:NFLX
Looks like T is breaking down the resistance and might bottom out around $10. Keep an eye on the supports. NYSE:T
T has been through a lot due to their Debt, let's see if it can get any relief or more grief. This is a comprehensive support and resistance chart. T might go lower and may not come back up for sometime. But looking at RSI it looks positive for next few months.
Positive divergence on UVXY, I think it is getting ready for a massive up trend which might last a few days. Due to 0 DTE options volatility is very low and expect it to be suppressed for a very long term. AMEX:UVXY
PEP is at major resistance, mostly it will come down to the red line. This stock respects the analysis. RSI is over heated, stock is at ATH, economic conditions are not good. So, I expect it to correct to the red line in few weeks. NASDAQ:PEP
NASDAQ:NVDA Looks like it is in this channel for a very long time, In a recession it might hit the bottom of the channel. As of now it got a little fuel, gap fills might happen after few weeks. First puts and calls will be screwed by keeping the stock neutral.
TVC:US10Y -US02Y Looks like we are nearing the recession, it can take from 6 months to 12 months to occur, but for sure. Recession signals: 1. Unemployment starts to raise. 2. Yield curve is above 0. 3. FEDRATES starts to stay firm and fed starts to cut the rates.(May be consequences) Only few tech stocks are holding the market up, once they start correcting,...
MSFT had a great run, but will it continue? I see a short term correction due to economical conditions of the US. Long term it is a good buy, I see it to cross and stabilize above AAPL market cap in less than an year. NASDAQ:MSFT
NASDAQ:TSLA Gaps and resistances. Looks like after the gap fill and hitting a couple of support, it will be ready to rally just near the delivery of the Cyber truck and may be announcement of cheaper electric car around 25k.
Meta might correct very soon to fill the gap after a dream rally. Ad business might not work great in a recession, so GOOG and META might have problems. NASDAQ:META
X is breaking the resistance and when it moves up, it breaks one more resistance. Looks like it might reach $35 and even reach new all time highs. Double bottom in play. NYSE:X
Looks bullish and next targets are 410 and 415. CBOE:SPX