Unbiased scenarios for DJT media of Truth Social, based on simple conditions of holding or losing a neckline at 32 bucks. Below $32 = Bearish: A weekly close below $32 that isn't immediately recovered in the following week likely means it is headed further down towards 12.50. There is an unfilled gap around ~17.50-18.50, so at the very least it could revisit...
Former President Donald Trump's foray into social media, Truth Social ( NASDAQ:DJT ), faced a significant setback as its parent company, Trump Media & Technology Group Corp., ( NASDAQ:DJT ) registered shares for potential resale. This move sent shockwaves through the market, with the company's stock plunging by as much as 20%. The registration includes shares...
In a dramatic turn of events, shares of Donald Trump's media and technology ( NASDAQ:DJT )venture took a nosedive on Monday, plunging as much as 12% and exacerbating a relentless downtrend that has significantly diminished the value of his stake in the operator of Truth Social to a mere $2.9 billion. Since its much-hyped debut in late March, Trump Media &...
DJT, the Trump media company, had a massive run up after the DWAC merger only to fade and fall with the SEC filing showing minimalistic revenue and negative earnings. It moved up in meme fashion but is now falling as fundamentals come to light. In five months the namesake will be able to sell if there is any remaining value. In the meanwhile, the board will...
Hi everyone, Despite a significant drop of 21% today, our indicators suggest the downtrend might not persist. A rebound above the daily level could signal a bullish trend, potentially leading to a weekly cross above the monthly. This could aim the price towards the $63 mark, aligning with the 0.618 Fibonacci resistance level. Conversely, if the price dips below...
The journey of Trump Media & Technology Group ( NASDAQ:DJT ) took a turbulent turn as the social media venture witnessed a steep decline of 21.47% in its stock value following revelations of significant financial losses and ongoing legal disputes. Despite a high-profile public debut, NASDAQ:DJT finds itself grappling with mounting challenges that have cast a...
I am not kidding! Political motivated investing could moon this thing forget P/e's cashflow This is memecoin style investing on the stock market Its happened before it could happen again particularly as we get into the election in November and inauguration in January #MAGA
In a whirlwind of market activity, Donald Trump's media company, Trump Media & Technology Group ( NASDAQ:DJT ), made its much-anticipated debut on Wall Street, sparking fervent investor interest and a flurry of speculation about the former president's latest venture. Shares in Trump's media empire surged an astonishing 50% in early trading, as eager investors...
U.S Equity Index’s Overview – A Repeating Pattern The Bull Thesis – Ascending Triangles The 200 day (blue line on each chart) is squeezing price up towards each red resistance line making each chart look like an ascending triangle (evident on every chart). With the 200 day as underside support for price and the 200 day sloping upwards, things remain...
FOMC DAY All Major Market Indices initially making progress higher and reacting positively to the the FOMC meeting. Whilst these are monthly charts I'm sharing the prices are updated as of moments ago. Main comments from Powell Today: 🔸TODAY AT FED MEETING MANY PEOPLE MENTIONED THEIR RATE FORECASTS 🔸THERE WAS A GENERAL EXPECTATION THAT RATE CUTS WILL BE A...
This evening I was watching TV and I get an email alert. The title of email, “Wall Street’s 2024 SP500 forecasts are out, are you positioned?”, … and to my surprise (not really) the future looks bright for the US stock markets next year. I immediately thought to myself…What did I click on to get this garbage? LOL Truthfully, I didn’t think that…I eagerly went to...
General Major Market Indices These six market indices give a very good snapshot of where we are in this difficult to discern market and why uncertainty still lingers as we continue to climb a wall of worry. The Chart ▫️ Every index 1 - 6 below has been rejected or is struggling to make new highs on the weekly timeframe. ▫️ At the same time each chart...
Macro Monday 17 The Dow Theory Confirms Bear Market Today’s post may be thee most important Macro Monday of 2023 as it may be a key moment where we received technical confirmation of a change to a bear trend. What’s Got Me Rustled? Manuel Blay, the lead economist and editor from the Dow Theory has recently confirmed an S&P500 bear trend change to his...
The wave structure can be counted as a wave 4 drop this would setup the last wave up from today as the setup for support is been seen today . and put call models are set and oil is setup to break from 93/95.5 back to under 84 /79 this would be supportive for the djt
MACRO MONDAY Dow Transportation Average Index DJ:DJT The Dow Jones Transportation Average (DJT) is a price-weighted average of 20 key transportation stocks traded in the United States. The transportation sector acts as a leading indicator as it is further up the value chain ahead of the final products being sold by companies in Dow Jones Industrial Average...
I firmly believe the Dow transports are an important leading metric to identifying the overall strength in the economy. Since the highs in Feb, transports have not participated in the rally to the upside. What this tells me under the hood of this economy we are seeing weakness.
The chart posted is that of the DJT . As everyone is focused on the qqq and sp 500 and the flight to safety in tech DO NOT ASK ME WHY BTW . The markets are now in the HOPE stage. This is usually followed by Fear and then Despair . and then the last stage Denial . that is the BOTTOM
Technical review of the stock market after the FOMC rate hike and Jerome Powell speech. All in the video - I'm tired and will update tomorrow.