TraderFromTheNorth

TraderFromTheNorth

SMCI (Super Micro Computer) has weathered the storm from all the negative press and I believe it is poised to go on a big run. This $26-$47 area is the BEST value you are going to get on it. This is probably the last discount before takeoff. We may not see this level again. As NVDA continues to fly, so will SMCI. Always do your own DD.

TraderFromTheNorth

For Day Traders, here's some trading levels for NQ Futures Trading for today. It's CPI day, so we should get some nice swings today. Trade carefully and trade smart!

TraderFromTheNorth

Here are some value areas to grab some MSTR if you have been looking to get in or if you want to add on more. If it drops to these levels... this is the "buy the dip" or "load up more" zone. Good value down here.

TraderFromTheNorth

With the release of DeepSeek, it sent NYSE:TSM down a bit. If this continues over the coming weeks/months, here are some value areas to "buy the dip" if you're looking to get in or add more.

TraderFromTheNorth

With the release of DeepSeek, it sent NASDAQ:NVDA tumbling 20%. If this continues over the coming weeks/months, here are some value areas to "buy the dip" if you're looking to get in.

TraderFromTheNorth

Here are some value areas to grab some NASDAQ:AMD if you have been looking to get in or if you want to add on more. If it drops to these levels... this is the "load up" zone.

TraderFromTheNorth

The Dollar (DXY) had a big rally from July until October and then a correction back down to the VWAP (volume-weighted average price) moving average line. It is currently above and looking like it will make it's next leg up as we close the year.

TraderFromTheNorth

The S&P 500 has been rallying for over a month now. This rally was not unforeseen. The market had fallen very deep and a correction was overdue. However, we are currently approaching the 200-Day Moving Average and a key Resistance Zone. This is likely where we will start to see things slow down and likely where this rally ends. If buyers hold up, then it is likely...

TraderFromTheNorth Updated 

S&P 500 has been selling off but looks like it has finally settled into a Support Range (11470 - 12400). I believe this is the lowest it will fall during this move and then we will get a bounce from this area. We may see it sit here for the rest of the week, bouncing up and down. This may even last for a couple of weeks. However, when it finally breaks out of this...

TraderFromTheNorth

Nasdaq has sold off and has fallen a little deeper than my last post. However, it looks like it may have settled down into a Support Range (11470 - 12400). I believe this is the lowest it will fall during this move and then we will get a bounce from this area. We may see it sit here for the rest of the week, bouncing up and down. This may even last for a couple of...

TraderFromTheNorth Updated 

Nasdaq (5/2/22): After the announcements of the expected 500 basis-points rate hike from the FED last week, there was a mass sell-off in the markets. However, we're now getting Bullish Divergence on the RSI. This means that we are losing strength from the sselling pressure. We are likely to bottom out soon, maybe today or in the next couple of days. Crypto: For...

TraderFromTheNorth Updated 

Bitcoin looks like it it has bottomed out around the 38,600 level. It has been trending up in a tight range since January of this year. If it continues trending up, watch for another rally over the next couple of days/weeks up to the 48,000 - 50,000 range. From there, will see what happens. If it continues in this tight range, we will see it fall back down...

TraderFromTheNorth

Bitcoin (BTC) Update 4/6/22 🔴 Bearish 🔴 Bitcoin has been trending down since last November in 2021. It is currently rejecting hard off of the top of the trend channel. From the current look, it will likely fall back to the 37,400 - 39,800 range. From there, we may get a bounce back up. However, if there is not enough buying power... it may fall further and test...

TraderFromTheNorth

The S&P 500 has Bullish Divergence on the RSI. We should see it head back up to the 4400 - 4450 area over the next couple of days. The threat of a flash sell-off is always looming, so precautions have to be taken when trading against the trend (currently down). However, if we do not get anything random in the markets, then the SP 500 should make it's way up to...

TraderFromTheNorth

Bitcoin is currently at a very important Decision Area (44,000). How it handles this level will be very telling of what is likely to come in the near future. This is a prior Support turned Resistance. If we can stay above it, I see a good chance that we get to a new All Time High. If it struggles here and stays in a range, however... we will likely see a much...

TraderFromTheNorth

Since the Covid crash, the Stock Market has been on an unstoppable steep upwards trajectory. This carried out through 2020 and the whole 2021. I've never seen the Stock Market climb this high and this short amount of time. With the current state of the economy with rising inflation, food & supply shortages, spending cuts and coming interest rate hikes... I do not...

TraderFromTheNorth

Possible Bottom on Nasdaq? Looks likely... at least for now. Huge wick at the Support on the Daily Candle.

TraderFromTheNorth

This is the first area of Support / Test for Nasdaq. If it holds here ( 14,358 ) ... this could have just been a healthy correction. If it breaks below here, market conditions will have to be reanalyzed. So far, it has not broken trend overall yet.