AMEX:SPY March 7, 2024 15 Minutes. The gap at open to 510 levels did not allow for a short. AMEX:SPY taking support on 200 averages and is consolidating for a move. The moving averages have converged at close. So holding 508 levels I expect an upward push today towards 513-514 levels. The stochastics which had a black bar at the bottom have now...
Zcash has been suppressed for a while now. With volume and orderbooks coming back alive, we can see what has been leading the move up - $ZCSH. Zcash's Grayscale product has been a good precursor to what's to come regarding the spot price.
Long on ENPH looking for an open above current daily PotterBox. An open above there, we should hit the trend channel and head back down. If we don't have the strength needed, I'll look short as we have plenty of empty space below AND today was a day where it looks like the market showed a bit of a bearish-ness.
Hello everyone, today I would like to talk about Nvidia. I believe that the current price level could be very challenging for the stock, so buying at these prices without any correction in price and time is not recommended at all. Please be aware of the risks and if you were an early buyer, it is a good idea to take some profit. The price might go higher, but the...
With a containment MA of about 4:1, it's really time for SPY to take a breather. We will see if the numbers of the next 2 days are the catalyst. We will see how far and fast the break is.
But how can that be since according to most talking heads it's institution money doing the buying. If RETAIL & Institution(according to talking heads) money is being put into those newly listed ETF's, THEN WHO IS SELLING Such a chunk while supposedly financial institutions are buying??? According to my perspective, FUNDS are pouring RETAIL into Bitcoin while the...
It's been a good run and there may be more BUT with 9 days over the 2 day MA of lows, it's time for a break. Tomorrow and/or Friday's numbers should be a punch to the gut that brings it back to reality. From there on to new ATHs? Maybe.
Miners continue to frustrate traders, but the long term bullish pattern is taking shape. Dips are for buying.
NASDAQ:RIOT -Consolidation is expected as lower highs and higher lowers are printed -RIOT is filling gaps and vector candles at ~11.5 and ~12.2 respectively (So buy zone should be around those) -Pivot point was registered at 11.94 -As long as it doesn't break the low ADR ~11.3 we should be good -If it breaks low ADR, the new pivot could be ~9.7 -Target 1...
The growth premium on Tesla ran the stock up ahead of the fair value. The enthusiasm from 2021 was too much for the business value. However, the turbulence and slowing sales seen now will bring opportunity. 400-500 as a 5 year price is fair given the growth rate on earnings per share. So the lower the price falls, the better for investors looking to buy at a...
The Semiconductor Index Elliott wave count since January 2022 is similar to the S&P 500. The SOX rally from the October 2022 bottom appears to be a developing Double Zigzag. The presumed Minor WAVE “C” looks like it could continue higher for one or two weeks.
... for a 64.51 debit. Comments: IV of 32.3%. Selling the -75 call against a one lot of stock to emulate a 25 delta short put with built-in short call defense. Metrics: Cost Basis in Stock/Break Even/BPE: 64.51/share Max Profit: 1.49 ROC at Max: 2.31% ROC at 50% max: 1.15%
The hourly chart is set to move higher if the bullish crossover will be confirmed. Bullish Alert already popped out and price action already made its move
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Hut 8 Mining Corp ( NASDAQ:HUT ), a prominent player in the cryptocurrency mining industry, faces the harsh reality of the energy crisis as it announces the immediate closure of its Bitcoin mining facility in Drumheller, Alberta, Canada. The decision, driven by escalating energy costs and power disruptions, underscores the challenges confronting miners in today's...
Regional Bank volatility - showing sings of fear and weakness. Gold new all time high - showing fear Semiconductors strong: Apple, MSFT, AMZN, TSLA, Google weak Vix makes bullish reversal off lows.
Nvidia has outperformed AMD for the past few months. There seems to be general trends in which one of these names outperforms the other over months at a time. One to watch in the new AI race. It will be interesting to see if AMD comes out with more AI focused chips and how that will weigh in on the stock valuation.