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QQQ OUTLOOK 06/05 - 06/09QQQ crushed it again last week, testing a breakout above the channel we drew last week. Investors will look at Apple’s press conference at WWDC 2023 (Monday at 1:00PM EST). It’s safe to say that whichever way Apple moves, NASDAQ:QQQ will follow. Technical Analysis: Although we got 2 candle bodies to close above the bullish channel, we still have yet to have a full candle body with wicks close above the trend line. I do think we will have some sort of consolidation this week. Bulls will want to see price action continue above last week’s open at 352.71. Last week’s .618 retrace is around 350, so look to see if dips will be bought at fib retraces. To the upside, we can target the gap fill above from 356.78-359.93. Bears will have control if we cannot hold a consolidation within last week’s price range. If we lose last week’s low of 346.51, another significant golden pocket retrace can be found around the monthly level at 338.19. Upside Targets: 354.65 → 356.78 → 358.97 → 359.93 → 362.54 Extended: 364.57 Downside Targets: 352.46 → 350.72 → 349.65 → 348.54 → 346.51 If we lose last week’s low: Extended: 344.57 → 341.31 → 339.60 → 338.19 → 336.67
NASDAQ:QQQ
by peterjames_6
BTC - Short-Term and Long-Term View ⛳️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on DAILY: Left Chart As mentioned previously, BTC has been trading inside the orange channel as a correction phase inside the black rising wedge pattern. Hence, As / If BTC approaches the green demand zone, we will be looking for short-term trend-following buy setups. 🏹 For the bulls to take over long-term, we need a break above the current major high in orange. on H1: Right Chart From a short-term perspective, BTC has been stuck inside a range in the shape of an inverse head and shoulders. 🏹 For the bulls to take over short-term, we need a beak above the blue neckline. In this case, a movement till the upper orange trendline from daily would be expected. 📉 Meanwhile, if BTC breaks below the last low in red, we will expect further bearish movement. For now, we wait ⏱ 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4
ETH - Critical Resistance Ahead 🗝Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ETH has been slight bullish for the last couple of weeks trading inside the orange flat rising broadening wedge pattern. 📈 Lately, ETH rejected the upper bound of the wedge pattern and now retesting it again. For the bulls to take over again medium-term , we need a break above the red resistance. 📉 Meanwhile , If / As ETH approaches the lower bound of the wedge pattern and blue support, we will be looking for buy setups. Which scenario is more likely to happen next? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
8
Adobe key positioning for the future of A.I made graphics.TA: Looking at interest levels and daily RSI, taking a long here is sub-optimal and has risk of drawdown. However, fundamentals back upwards momentum. Buy and Hold strategy here might be wise. Pivot line may yield a double top (A.I boom -> Burst) or could initiate further upwards momentum to new ATH's in which case TP2 and TP3 are the interest levels. Fundamentals: Adobe is a global leader in software, known for its Creative Cloud suite, which includes industry-standard applications like Photoshop, Illustrator, and Premiere Pro. The company has made significant strides in integrating advanced AI technologies into its products and services, which has contributed to its impressive financial performance. A significant recent innovation is the integration of Generative AI and Adobe Firefly into Photoshop, marking a new chapter in Adobe's history. This innovation allows creators to use their natural language to prompt Photoshop to create extraordinary images with Generative Fill, a feature powered by Adobe's Firefly, a family of creative generative AI models​2​. Adobe is also committed to ensuring its AI technology is developed ethically, focusing on accountability, responsibility, and transparency. They are developing a compensation model for Adobe Stock contributors and are taking steps to prevent artists’ names from being used in Adobe’s generative AI actions​2​. In terms of their competitive advantage, Adobe's significant graphics dataset is instrumental. Adobe Stock, for instance, has a landmark dataset containing more than two million assets. Adobe has leveraged this immense dataset to train its AI technology, Adobe Sensei, to effectively detect landmarks in images submitted to Adobe Stock. This capability has been crucial for identifying and categorizing images and addressing any potential intellectual property issues with them​3​. The integration of AI in Adobe Photoshop is demonstrated by the Generative Fill feature, which is powered by Adobe Firefly. Firefly is a family of creative generative AI models that are infused into every selection feature in Photoshop, and allows users to add content, remove or replace parts of an image and extend the edges of an image using natural language prompts. Adobe Firefly, which launched six weeks prior to the announcement I found, had quickly become one of the most successful beta launches in Adobe's history, with beta users generating over 100 million assets to date​1​. For Adobe Stock, the company uses Adobe Sensei, their artificial intelligence and machine learning technology, to detect landmarks in the hundreds of thousands of images submitted by Stock contributors every week. This helps in categorizing images and identifying any potential intellectual property issues. Adobe's landmark dataset contains more than two million assets and the process of training the model to detect landmarks initially took around 7-8 days on a single-GPU machine. By switching to a multi-GPU machine and employing parallel computing, they managed to reduce the training time by 80%, bringing it down to 1-2 days without any impact on model accuracy​2​. Adobe has further enhanced the value of its graphics dataset by adopting advanced machine learning techniques. To improve the efficiency of their AI training processes, they've transitioned from a single-GPU machine to a parallel computing approach with multi-GPU machines, resulting in a dramatic 80% reduction in training time without sacrificing model accuracy​3​. Adobe's significant graphics dataset and its innovative application of AI technologies, as demonstrated in the integration of Generative AI and Adobe Firefly into Photoshop, contribute to its competitive advantage in the industry. Please note that this is a preliminary research paper and you should continue to do your own research (DYOR). Information about assets can change rapidly, and it's essential to stay updated with the most recent developments. Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
NASDAQ:ADBELong
by TheBitcoinGeneration
$QQQ Outlook 05/30 - 06/02The tech sector is on a tear. NASDAQ:NVDA earnings set the tone last week and the AI craze is on. NASDAQ:QQQ had a bullish week, closing up +3.53%, bringing it up +8.76% on the month. Strong earnings, job cuts, and developments in AI technology has sent the sector higher. Technical Analysis: The last two weeks saw NASDAQ:QQQ break out of the rising wedge we were watching. Last week’s high signaled a test of a bullish channel. This channel uses the same uptrend support line we’ve been watching since the beginning of March. We are looking to see if this continues higher, or if the channel resistance is respected. My general lean for this week is bullish, although after last week’s incredible run, I do expect a bit of a retrace before we head higher. A healthy pullback is due so we can continue to move up this channel. I would be bullish if price action can continue to hold above last week’s close of 348.40. Bear case if we can break below last week’s open at 336.25. I’d expect a bounce here as it is in the golden pocket (0.618 retrace would be 337.08), but if we cannot hold this level, we could target the gap to fill below down to 332.91 which would invalidate the golden pocket. Upside Targets: 348.40 → 349.25 → 350.72 → 352.46 → 354.43 Extended: 356.78 Downside Targets: 346.38 → 344.57 → 341.31 → 338.19 → 336.25 Extended: 334.35
NASDAQ:QQQLong
by peterjames_6
Bio-Techne Corp WCA - Rectangle Company: Bio-Techne Corp Ticker: TECH Exchange: NASDAQ Sector: Healthcare Introduction: Today, we are looking at Bio-Techne Corp (TECH) on the weekly chart. Bio-Techne is a prominent name in the Healthcare sector and is traded on the NASDAQ exchange. Currently, the stock exhibits a Rectangle pattern that could signal a potential shift in the stock's direction. Rectangle Pattern: A Rectangle pattern typically manifests during a consolidation phase and is recognized by price movements that tend to bounce between horizontal support and resistance lines, forming a rectangular shape. Analysis: In the past, Bio-Techne Corp's stock price trended downward. However, this trend appears to have been interrupted by a consolidation zone characterized by a Rectangle pattern. The upper boundary of the pattern is positioned at $87.50, having been tested four times. The lower boundary stands at $70, having been touched twice. Interestingly, the price is again using the 200 EMA as a support, indicating the potential for a bullish shift. It seems that the stock might be gearing up for another attempt to test the upper boundary. If a breakout occurs above this resistance level, we could anticipate a price target of $105, representing a potential increase of around 20%. Conclusion: The technical setup on Bio-Techne Corp's weekly chart showcases a Rectangle pattern, suggesting a potential consolidation period before the next significant price move. Traders should keep this stock on their watchlist, especially in anticipation of a breakout above the upper boundary. Remember, this analysis is intended to be used as part of your wider market research and risk management strategy and should not be considered as direct trading advice. As always, happy trading, and stay tuned for more analysis! Best Regards, Karim Subhieh
NASDAQ:TECH
by KarimSubhieh
BTC - The Range Is Getting Narrower 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. BTC has been boring for the last couple of weeks as it is stuck inside a range. 📉 The range is getting narrower because BTC is forming lower highs and equal lows as a descending triangle pattern. As per the textbook, the descending triangle is usually a bearish continuation pattern. But to me, it can be broken either side. If we break the last major low in red downward, we will expecting further bearish movement till around 25,000 🏹 Here is why the 25,000 zone marked by purple circle is a strong support: 1- Round number => 25,000 2- Classic Resistance Zone Turned Support 3- Lower red trendline from daily acting as a non-horizontal support 4- Lower orange trendline from H4 acting as a non-horizontal support 5- Demand zone 📈 In parallel, if BTC breaks above the last high in blue, we will be expecting a bullish correction till the upper orange trendline. Which scenario is more likely to happen next? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
25
War Giants Greed: Secret Military Industrial Complex TechnologyThe War on Terror: A Cash Infusion: "The global War on Terror" Massive air quotes , initiated in 2001 following the 9/11 terrorist attacks, led to a substantial surge in defense spending, especially by the U.S. This created an economic windfall for defense companies, fuelling their research and development initiatives. Black Budget Projects: Part of the military's classified "black budget" is allocated to defense companies for top-secret projects. This could include advanced propulsion systems, stealth technology, energy weapons, and yes, even so-called anti-gravity technology. Alien Technology Reverse-Engineering: Some conspiracy theories propose that defense companies have recovered crashed extraterrestrial spacecraft and are reverse-engineering their technology for military purposes. This narrative often ties back to the infamous Roswell incident in 1947, where it's suggested that debris from an alien spacecraft was collected and studied. UFOs as Military Aircraft: Another common theory suggests that some UFO sightings are actually sightings of advanced, top-secret military aircraft developed by defense companies. In this theory, the strange movements and high speeds of these UFOs can be explained by undisclosed technological advancements. Government and Corporate Secrecy: Conspiracy theories often hinge on the idea of widespread secrecy among governments and corporations. Theorists suggest that these entities possess advanced technology (possibly of extraterrestrial origin) but keep it secret for reasons of national security, profit, or control. Area 51 and Skunk Works: Area 51, a classified remote detachment of Edwards Air Force Base, is often mentioned in conspiracy theories. Lockheed Martin's Skunk Works, known for developing groundbreaking aircraft like the SR-71 Blackbird and the F-117 Nighthawk, is also rumored to test new technologies there. These rumors fuel theories of secret advanced technology development. Advanced Technology Suppression: Some theories suggest that highly advanced technologies, such as zero-point energy or anti-gravity, have been discovered and are being suppressed by defense companies, the military, or powerful elites. The rationale behind these theories varies, but common themes include maintaining control over the populace and protecting established industries. 1. Lockheed Martin Corp (LMT): $95 billion 2. Boeing Co (BA): $132 billion 3. Raytheon Technologies Corp (RTX): $134 billion 4. Northrop Grumman Corp (NOC): $57 billion 5. General Dynamics Corp (GD): $44 billion 6. L3Harris Technologies Inc (LHX): $42 billion The U.S. Department of Defense only represents a portion of these companies' business, as they may also have contracts with other parts of the government, as well as with foreign governments and private entities. For example, in 2020, Lockheed Martin reportedly received $75 billion in contract obligations from the U.S. government, --Boeing received about $28 billion --Raytheon about $27 billion --Northrop Grumman about $19 billion --General Dynamics about $15 billion --L3Harris about $9 billion. These figures are for one single year and only for U.S. government contracts.
NYSE:NOC
by MichaelBsul
1
Overvalued Tech: Time for Tangible Assets & Fair ValuationsThe tech sector, specifically the 'Big Tech' companies have seen massive gains since the massive accumulation in 2010-2014. However, these increases seem disconnected from the companies' actual value or tangible contributions to the real-world economy. Their high price-to-earnings ratios suggest overvaluation and potential for a market correction. Invest in sectors with real-world utility and reasonable valuations - Allocate capital to sectors like industrials, materials, consumer staples, or healthcare. These sectors provide tangible products and services and often have more reasonable valuations. 1. High Valuations: Tech stocks, in particular, often trade at high multiples of their earnings or revenues. These high valuations can make them more vulnerable to market downturns, as they can fall more dramatically if investors reassess their growth prospects or risk tolerance. 2. (GOOGL, APPL, AMZN, MSFT, META, NVDA, ADBE, and TSLA) all represent a significant portion of the SNP-500 index due to their large market capitalizations. 3. So, in a S&P-500 meltdown , these tech companies could potentially see significant declines in their stock prices due to these factors. However, it's important to remember that the specifics would depend on a wide range of factors, including the reasons for the market downturn, the companies' financial health and growth prospects, and overall investor sentiment. 4. I would choose Tesla as the only pick out of all 8 as this company has shown lots of potential compared to our tech giants of the now. Even with the upbringing of AI it is not enough to save google or meta, but Apple and Microsoft might hold up strong as they are largest caps. 5. Google (Alphabet) : ~$1.5 trillion Apple Inc. (AAPL): ~$2.5 trillion Amazon (AMZN): ~$1.7 trillion Microsoft (MSFT): ~$2.2 trillion Meta Platforms : ~$1 trillion NVIDIA (NVDA): ~$500 billion Adobe (ADBE): ~$300 billion Tesla (TSLA): ~$800 billion TOTAL = 10 Trillion roughly
NASDAQ:AAPL
by MichaelBsul
XRP - TRIO RETEST 3️⃣ UPDATEHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), we were waiting for XRP to approach the 0.42 zone to look for buy setups as it was the intersection of three rejection zones. Now XRP rejected our purple zone and traded higher sitting around the upper red trendline acting as a non-horizontal resistance. 🏹 For the bulls to remain in control, we need a break above the last major high in orange and upper red trendline. Meanwhile, the bears can still kick in for one more correction. In this case, as we approach the green support again, we will be looking for new short-term buy setups. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
16
BTC - Short-Term Correction!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last BTC analysis, I have mentioned that if we break below the green previous low, we will be expecting a movement till the 25,000 support. 🏹 Here is why the 25,000 zone marked by red circle is a strong support: 1- Round number => 25,000 2- Classic Resistance Zone Turned Support 3- Lower red trendline acting as a non-horizontal support 4- Lower orange trendline acting as a non-horizontal support 5- Demand zone 📈 BTC is now sitting around that green area and since the daily candle hasn't closed below it, the bulls can still kick in for a correction. Yes, we will keep calling every bullish movement a correction as long as we are trading inside the falling orange channel. For the bulls to take over medium-term again, we need a break above the upper orange channel. For now, we are expecting a short=term bullish correction followed by another bearish impulse. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
31
ETH - Strong Support Ahead 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 🏹 Here is why the 1700 - 1750 zone marked by purple circle is a strong support: 1- Round number 1700 2- Classic Resistance Zone Turned Support 3- Lower red trendline acting as a non-horizontal support 4- Lower orange trendline acting as oversold zone 5- Demand zone 📈 As per my trading style: As ETH approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
26
ETH - All Eyes on 2000 & 1750 👀Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. From a long-term perspective, ETH has been overall bullish trading inside the rising broadening wedge pattern just like BTC. Lately, from a medium-term perspective, ETH got stuck inside 1750 support and 2000 resistance. As per my trading style, here is my plan: 📉 1- Wait for ETH to approach the 1750 support to look buy setups 📈 2- Wait for ETH to break above 2000 (daily candle) then look for buy setups on its retest 📌 Meanwhile, as long as ETH is sitting midway it would be a no trade zone for me. So I will be waiting patiently! Remember: Sometimes No Trade, is also a Trade. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
30