Restrictive policy and geopolitical risks raise the odds of a global recession What a difference a year makes. 2022 saw the ‘reopening’ of markets from the COVID pandemic evolve into a ‘recession’. Margaret Thatcher put it succinctly on 27 February 1981 – “The lesson is clear. Inflation devalues us all.” Monetary policy has been on the most pronounced tightening...
Yesterday, we finished with a nice green Bullish candle ahead of Google and Microsoft's earnings. Shortly afer the bell, Google fell about 6% and Microsoft around 2%. That's not catastrophic in any way, but it will be difficult for the markets to continue to rally without their participation. And that was only two out of the five large tech companies that make up...
$SPY $SPX Analysis, Key levels, and Targets Ok, so 373 was hit (target 1) and then a small pullback…. So now we need to get back into the green box… and above the 35EMA (currently 376.50) and then test that smaller downtrend line (blue dashed line) and monthly 35EMA at 383… There is definitely a lot of hurdles in the way but there’s also a lot of possible steam...
Yesterday I said I would sit on my hands if we closed above the 20 day moving average because that would make me a little more bullish. And, well, we did. So now what? This has been a great traders market with all the volatility we've had for a few months now. All we can do as traders, is trade the market in front of us. We are still in a Bear Market and below the...
SPY formed 2 diamond patterns as seen in this hourly chart. It formed slight RSI positive divergence near the Oct low. However, this divergence may still get lower to reach 3500, an impt Fibonacci level, more so if the CPI report come out higher tomorrow. Weekly wma 200 still the line in the sand. The next major catalysts this week are Thursday”s CPI data & bank...
Stocks that are reporting earnings in 3 to 4 weeks can be monitored for pre-earnings runs. ESPR had momentum runs recently, as marked by the candlestick patterns within the green rectangles in this chart. A shift of sentiment can be seen in the bottoming pattern with Accumulation/Distribution indicators (the area between the blue rectangles). Often, when...
If you haven`t longed ZM Zoom with me here: Then you should know that $80 is the price where i would long it once again after the second-quarter revenue miss. Looking forward to read your opinion about it.
$GOOGL misses Q2 earnings + 75bps FED interest rate hike. Sending $GOOGL towards $100 mark
SPX had a solid two week run hitting our 4000 Target before showing a pullback. SNAP ER showed an early sign of possible Earnings outcomes for Social Media Stocks. There are still Dip Buyers in the Market so it is possible to see a continuation into 4100 depending on reports. Wednesday is a Heavy Binary Day with Bigger ER stocks and FOMC. For today I'd watch the...
TATAMOTOR is breaking down from the symmetrical triangle and retested diagonal+EMAs today on 4h TF . Good R:R setup Lets hope earnings volatility goes in our favour
It is in my humble opinion TSM is looking at a rather large drop looming ahead - symmetrically the pattern meets the harmonic qualifications as well as the elliot wave theory macro wave iterations. It is possible TSM will make a small shoulder before breaking the $100 price level - should it break this level and close below I believe it will be a swift fall to...
$SPY Key Levels, Analysis, & Targets Today with Vix up over 5% (up to 7, but I rolled around 5.5%) I took advantage and rolled my Long puts up to 446, and my short puts up to 430, making my strikes a little wider and setting up to collect more premium when vix goes back up. My long strikes are still ITM (and in the bear gap), and the short strikes are a little...
$IWM Key Levels, Analysis, & Targets So today with Vix up over 5% (up to 7, but I rolled around 5.5%) I took advantage and rolled my Long puts up to 203, and my short puts up to 193, making my strikes a little wider and setting up to collect more premium when vix goes back up. My long strikes are still ITM, and the short strikes are a little further down. And...
decent setup here with earnings in sight for a bullish play. Chart looks good and is building a base, with earnings as the fuel for the next leg higher. Even better if played with options, some lotto play.
Expected earnings reporting on 4 August 2021 together with current trend may indicate a strong upwards momentum. $APPS has a recent history of beating analyst estimates.
Lowe's triggered my early-warning price reversal algorithm. The full accuracy when this occurs is detailed in the article at my website below. The RSI algorithm determines overbought and oversold levels. The algorithm signaled a SELL on April 6, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. This is...
Air BnB Printing a Fresh ATH Recently and now pulling back towards the .66 as per the chart ... Climbing up a Acending Channel Since its inception in December with healthy pullbacks along the way . If this trend is to continue then we shall fall down to the 190 region before a move upwards to perhaps another ATH . Be aware of Earnings Numbers on the 25 Feb . IN...
In the fourth quarter of 2020, Casa Systems' revenue rose 7% year over year to $120.5 million. Adjusted earnings increased from $0.15 to $0.27 per diluted share. Your average Wall Street analyst would have settled for earnings of roughly $0.11 per share on sales near $107.5 million. The company booked 26 purchase orders for 4G and 5G wireless systems in the...