This is what the range looks like to me. Have fun out there if you're still alive trading.
Somehow the market keeps traders in the middle.
We press on to new highs 4500 first target and 5175 is the second.
This Analysis is not space/time oriented only valuation
The S&P is a float-weighted index, meaning the market capitalizations of the companies in the...
Trading Plan for Wednesday, April 17th, 2024
Market Sentiment: Uncertain, as investors digest comments from Federal Reserve Chair Jerome Powell and assess their implications on the timing of potential rate cuts.
Key Supports
Immediate Supports: 5091, 5082 (major), 5076, 5068 (major)
Major Supports: 5046-51 (major), 5038 (major), 4996-5000 (major)
Key...
For those who have been here since 2022 early 2023 when there was so much fear in the market and we called the market had bottomed. I think it was the right call, even though we had a lot of naysayers. Now I think we are nearing the end of this rally which I estimate will be sometime in February 2024. I have two outcomes the green line below which I highly favor...
A dark cloud hangs over the seemingly sunny skies of the stock market. The culprit? A valuation metric known as the CAPE ratio, which is currently hovering near its third-highest level in history. This has some investors spooked, whispering fears of a potential market plunge. But is this cause for panic, or simply a cautionary sign?
The CAPE ratio, or cyclically...
S&P500 has formed today a Death Cross on the 4H timeframe after 8 months (August 14th 2023), turning bearish on the 1D technical outlook as well (RSI = 37.122, MACD = -81.00, ADX = 53.782) as yesterday it crossed under the 1D MA50 for the first time since November 3rd 2023. Both are technically very bearish developments and according to the last 4H Death Cross, we...
My short plan for Sp500 worked out perfectly. I shared my view some days ago and adding shorts while it was going up paid out. Actually i closed all my shorts and i am looking to enter long. I think that a pullback is on the way
Stocks to gold ratio had dropped weeks before the spx in dollars had turned.
Was the gold buying a signal that safe haven collateral was in demand?
In a panic, both stocks and gold can be sold as investors need more and more liquidity in falling markets. So gold is not necessarily an inverse asset to stock, keep this in mind.
In most major sell offs, gold...
NYSE:DELL I was in this 2 weeks ago and made good $$$. I closed it out on April 8th on the second big red bar. This morning as it opened over the 21 EMA, I put ½ size position on with a stop below Fridays low of $117.61.
If the market holds up and moves higher, I expect it to test the previous highs. I am also aware that it could have been a double top, and this...
The S&P futures is quite weak after strong USD retail sales data. This move opposes a rational reaction to data that came out better than forecasted by a good margin. The market is pulling back and continuing the bearish momentum from the previous week. This may have to do with the conflict between Israel and Iran, this retracement back down. Oil is pushing up and...
Two years after my last big short on SPX, the price has once again reached the top of the ascending channel. Based on this scenario , the expectation is that SPX will peak within the next two months , around early May 2024.
Initial target 4,800, stretch 4,400
Incidentally, Bitcoin appears poised to surpass its 2021 all-time high, during which Bitcoin peaked...
Trading Plan for Monday, April 15th, 2024
Market Sentiment: Highly uncertain due to major geopolitical headline risk over the weekend. Expect significant volatility and potential for large gaps up or down at the Sunday open.
Important Note: The escalating tension between Iran and Israel has the potential to cause significant market disruptions. BE PREPARED for...
The SPX retreated nearly 3% from its all-time highs following last week’s print showing a higher-than-anticipated Consumer Price Index (CPI) for March 2024. This marks a second consecutive month of accelerating CPI in the United States, which presents an obstacle for the FED in its more than two-year-long battle against inflation. Plus, it makes it increasingly...
GENERAL MARKET REVIEW
Concerns over a potential military attack by Iran on Israel triggered a gap down in the market at the beginning of trading on Friday. Following these events, there was a surge in oil prices, which then led to widespread sell-offs across the board. Virtually all stocks took a hit, with growth stocks experiencing declines ranging from $2 to...
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As we step into the second week of the Q1 earnings season, a roster of major financial players is gearing up to unveil their financial reports.
Expect updates from Goldman Sachs, Bank of America, Morgan Stanley, American Express, Blackstone, and Charles Schwab.
Additionally, non-financial companies like UnitedHealth, Taiwan Semiconductor Manufacturing,...
