2022 was a brutal year for everybody in the stock market with the s&p declining -20% and many stocks straight up collapsing, some of you may be asking: "Is the bear market coming to an end soon?" and while i cannot be for certain due to a variety of factors, there is at least a case to be made for bulls here: -Potential Higher Low -Vix staying mostly sideways...
Guys, using the maximum filter for 3 days - signals were sent that everyone had arrived) + news seen today that everyone is long on shares) will probably be damped soon There has never been a total overheating of such signals. SP:SPX TVC:SPX CBOE:SPX SPREADEX:SPX OANDA:SPX500USD AMEX:SPXL There is also a strong downward signal this week
Trading Plan for Thursday, March 28th, 2024 Market Sentiment: Cautious Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5307, 5302, 5296-5299 (major), 5293, 5288 (major), 5284, 5280, 5274 (major), 5268-70 (major), 5265, 5258 (major), 5245-47 (major), 5240, 5235 (major), 5230, 5217, 5213-16 (major), 5208 (major), 5203, 5190-93 (major),...
Hey guys, Cryptos are bullish no doubt, but I am just wondering if 70k on bitcoin, will be strong resistance in the short-term, now when NVIDIA is coming down a bit. I see nice support for NVIDIA near 800. Not sure if we will see this level, but it looks like that correction on stock is not finished yet, so possibly there will be a delay on new break higher on...
At the start of last week, things didn’t look great for the bulls. There were several signs of weakness that could have easily led to a daily trend reversal. However, that didn’t materialize. Firstly, on Monday, buyers were able to set a daily higher low. Then, on Wednesday, they positioned the price very close to the previous two weeks' high. Finally, with the...
A quick look at the daily charts of the 4 tickers above. SPX wonderful rally today. NDX huge 30 min rally late into the day. Oil moves higher & bullishly consolidating Natural Gss looks bearish down here.
potential geometric progression for $spx since 2009 rally with flat 2018/2020 as mid point
Four straight down days and S&P 500 closing at its Low yesterday does not bode well for the Bulls. If today closes at its Low again then we could get a pullback. Level to watch: 5290 --- 5292
Trading Plan for Wednesday, March 27th, 2024 Market Sentiment: Cautious Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5266 (major), 5258, 5247 (major), 5242, 5233-36 (major), 5221, 5213, 5206-10 (major), 5198, 5188-91 (major), 5181, 5172, 5167-69 (major), 5162, 5153-55 (major), 5146, 5137, 5126 (major), 5119 (major), 5109 Resistances to...
According to ChatGPT: Yes, end-of-quarter sell-offs are a phenomenon observed in the stock market where investors may sell off their holdings toward the end of a financial quarter. There are several reasons why such sell-offs occur: Portfolio Rebalancing: Institutional investors, such as mutual funds and pension funds, often rebalance their portfolios at the...
Trading Plan for Tuesday, March 26th, 2024 Market Sentiment: Cautious, consolidation after rally Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5274-76 (major), 5267, 5263 (major), 5257, 5247-51 (major), 5243, 5235, 5228 (major), 5221, 5217, 5212, 5200-03 (major), 5194, 5190 (major), 5179, 5171, 5167 (major), 5163, 5152-55 (major), 5147,...
Those dollars that the US government owes must be inflated away! As paying back 33 Trillion dollars is not feasible in today's version of dollars. So they must be paid in even more worthless dollar currency units. If the US government stops spending they will send the US economy into a recession. They must continue to pump money into the economy and the stock...
We are in a BULL MARKET so the risks are to the UPSIDE, one of an explosive rally as fund managers who have badly gotten the market wrong panic buy propelling the Stock market driven by #FOMO rather than reasoned analysis to far higher than people can imagine. New bull market highs should arrive during summer 2023! All whilst indecision reigns supreme on...
REASONS WHY !! The S&P 500 (SPX) has been a barometer of the U.S. economy and a benchmark for global equity markets. Here are some reasons why we believe it could reach the 5300 mark: Economic Recovery: The U.S. economy is showing signs of robust recovery from the pandemic-induced recession. This recovery is expected to drive corporate earnings growth, which is...
The S&P500 is highly overbought on the 1W technical outlook (RSI = 77.490, MACD = 202.930, ADX = 73.429) and hasn't provided the slightest correction under the key 1D MA50 trendline since November 3rd 2023. In spite of that, the index can keep rising without providing such a correction, let alone enable us to time it. Its structure of this nonstop rise since...
Trading Plan for Monday, March 25th, 2024 Market Sentiment: Cautious, watching key support levels after the rally Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5284-88 (major), 5276, 5259 (major), 5245-48 (major), 5236, 5230, 5219-21 (major), 5213, 5208, 5200-5197 (major), 5191, 5186, 5177, 5168-71 (major), 5163, 5155, 5145...
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NYSE:RTX Well Fargo upgraded RTX yesterday and give it a $120 price target. I used this morning’s early pullback to get an early start on this one. It will not be a technical breakout until it moves over 92.81. My plan is to build an oversized position after it breaks out of this flat base. I will be patient but have a stop of no more than 3% loss. On another...