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NASDAQ Broken below 13KBAD NEWS here... for many, not all. The NASDAQ followed through with the heavy downside momentum, and broke below 13,000! Worse, it closed the week below the 13,000 (and the 12,900 intraday buffer set out earlier). The weekly chart show nice long candles that end the weeks very close to the low or at the low, showing the continued downside momentum that is not at all easing. MACD suggest more downside in the weeks to come, although the RPM is suggesting some mitigation in the downslide. 12600 is a light support, and 11730 is the next major support (50% Fib). The daily chart is bearish clearly. Having to reclaim above 13K would also mean a gap closure above 13180. While the daily candlestick is suggesting downside momentum, the MACD and RPM are indicating some mitigation on the downside, at least for some reprieve. Overall, May does not look good for the NASDAQ NQ1! More down drafts expected. 12,600 expected to hold briefly, if at all. Next major support 11,730.
CME_MINI:NQ1!Short
by Auguraltrader
3
AMZN Back to 1300, Nasdaq Back to 7000Back at the end of 2018, I made an attempt to call a longer term bear market for big tech. Linked below are some of those posts. I was new to markets, and all I did was look at the chart. Even back then, the charts for Apple and Amazon looked ridiculous, but now it's undeniable that they've seen parabolic growth. This is the AMZN chart zoomed further in, where you can see how I was dead wrong at the end of 2018, as the money printer and QE kicked in again, taking the market to new highs shortly before the pandemic hit. Then, the pandemic hit and the Fed exhausted the last of its firepower. Will they save the market again? Above, I marked the 1600 and 1300 levels as areas of support, should the current level fail. Also shown on my Amazon chart is the long term uptrend, which has now been broken and confirmed as resistance. I expect markets to fall back to pre-stimulus levels, as the 2021 rally was largely "fake." Even though some of these companies may continue to remain profitable, I think some disappointing earnings will start to trickle in, signaling a depressing outlook for growth in the near future. Take Netflix, for example. It's already getting closer to testing some of those earlier levels. Perhaps it's a "canary in the coal mine" situation. What's especially concerning is that even companies that have exceeded expectations (like Tesla) cannot sustain a rally. Look at that earnings pump and dump: This implies that market participants are exiting regardless, and booking profits after many years of easy economic policy. Now here's something truly hilarious. Elon Musk and Bill Gates claim to be shorting each other's companies! What happens in this scenario? They both still profit. Billionaires are just playing games. Here are some levels marked for Tesla. If Elon continues to innovate and do well, TSLA may not drop quite as much as some others, but that's still a lot of profit on the table. He's even sold some of his own shares himself: And Microsoft: Why Would the Fed Just Let It Happen? The easiest way to fix inflation is perhaps to just simply let things unwind. As big corporations lose profits, smaller businesses close, and people lose their jobs, their homes...a big financial crunch occurs that shocks the living daylights out of our systems. New solutions will need to be found, some of which may seem obvious, such as taxing the wealthy and corporations much more heavily. Some we haven't even dreamt of yet. Here's a speculation: Community living becomes more desirable, and new small businesses will need to emerge to tailer to those communities. A world owned by corporations already causes pressure on communities and small businesses, where your boss is forced into implementing oppressive working conditions to stay afloat. All the while, your next door neighbor begins trading Dogecoin and digital images to finally have a glimpse at paying off his debt or buying a home. It's an escape into a black void that consumes your soul, and the soul of society. Ready for the collapse? Let's see what happens. This is meant for speculation and entertainment only. -Victor Cobra
NASDAQ:AMZNShort
by VictorCobra
15
NASDAQ (NDQ): Bounce Or DieAnyone with two eyes can see price action is absolutely dreadful . We have seen rejection after rejection. War is still raging, FED still hasn't done anything, and the market is begging to be saved. This analysis is basically going to be a hedge against my bearish bias which I have strongly held for many months now as we have been heading into this unprecedented environment . Going to go over just a few things as we head into the rest of the week. There will be some hidden gems throughout . The first thing will be the elephant in the room which is this Monthly candle of Darkness ; This candle closes at the end of the week and I suspect the market is going to do everything it can to improve the close of it. I know usually the strongest move dictates the trend and I do believe the trend is still Bearish (obviously) but a bounce here is very possible. We have just endured the first series of earnings, they were about what I expected. Just enough to make it by, while Alphabet misses. Now as long as markets don't puke on open tomorrow, I suspect the market will be forward-looking once more, irrationally . Nothing aside from Nuclear Warefare or Oil catastrophe is going to send the market spirally at this very moment. Another thing that helps the case for a short-term bounce is the VIX : A really good rule of thumb for good R:R Entry is not when VIX is at support but rather when it is at resistance . VIX has bounced sharply to a zone of interest and there will be one of two outcomes. Breakdown = Bullish or Breakout = VERY Bearish Also going to mention the DXY. I've been 100% against the crowd every step of the way when it comes to the US Dollar. I believe that money finds itself in the most efficient position at all times, which is why the saying "But there is still sidelined money" is just a complete Myth. This is also fundamentally why DXY has been soaring while everyone has been Bearish on it for months. Holding cash even with inflation at 8% has proven more efficient than holding anything in equity markets over the last 6 months. It is all laid out to understand. That being said, as I'm still bullish on DXY just based on the number of technical breakouts and the environment we are in, I consider the possibility it sees some consolidation in this area. As money will creep back into assets, DXY will consolidate before any more big moves. This area is very reasonable to predict this. The last thing I'll mention is the US02Y yield and its correlation with the FED and their decision behind Rates. It has become a belief of mine that Powell or the FED just simply follow the US02Y yield regarding its policy. You can accurately see it based on this chart. Not only this but it is reaching a point of Very Strong resistance after an unprecedented vertical rocket up. To follow up on the US02Y for just a basic lesson, as the US02Y begins to top and reverse, this means (at least historically) the FED will begin walking back on the Hawkish rhetoric and the FED predicted Rate hikes would have peaked. Ultimately meaning, markets will rise on this knowing there may be light at the end of the tunnel. I can completely explain this occurrence logically but what I can't explain is how they fight inflation or avoid a hyperinflationary environment if they reverse policy without actually following through. Not to mention their planned QT. For now, all I can say is trust the parallels here in the original chart above. The market loves them. Just have to navigate level to level from here on out. If a bounce happens here, it would also confirm the Bullish Divergence on the RSI. Losing this level spell disaster in my opinion. Hope this helps!
TVC:NDQ
by NoOneWhoIsSomeone
2
The Bears Come For Google Well, well, well, this is precisely what I was talking about in my post about big tech. This is just a short post, showing some levels. These overheated stocks are finally getting a taste of profit-taking. Netflix managed to actually break below its 200 week moving average. If Google does the same, another 50%+ drop is possible. On the conservative side, Google can simply head towards the 200 MA and bounce. However, I really think there are some people sitting on enormous profits that have yet to start realizing those gains. Let's see! Will GOOGLE tank another 50-80% from here? I am of the general opinion that markets will need to return to pre-COVID levels (at best) in order to correct current inflation, and in order for the economy to begin sorting itself out with significant policy change. This is because the market has largely been propped up due to money printing and QE. This is meant for speculation and entertainment only, not financial advice. -Victor Cobra
NASDAQ:GOOGShort
by VictorCobra
3
NASDAQ in heavy downward momentumThe NASDAQ bounced off the first support and sliced through the second support level. Quite different from was expected, but in any case, this reveals a strong downward momentum towards the 13K support that must not be broken. To define this... should not close below 13K, but possible to have an intraday spike down to 12900 like previously. The thing here is that the Weekly candles are nice and long... so bearish momentum in the last three weeks have been strong. That said, what would this week bring? Btw... Noted that the weekly MACD had crossed down in bear territory. Not going to be pretty over the next couple of weeks!
CME_MINI:NQ1!
by Auguraltrader
NVDA short should drop in price to 190-195NVDA SHORT 21/04/22 07:00 GMT 14 year old English trader trading on demo accounts currently gaining experience in the markets. NASDAQ:NVDA should drop to around the 200-205 price mark because of many factors such as inflation, monetary policy tightening, and current market sentiment. NVDA has been deeply affected by the current market sentiment dropping 19.65% in the last month. This large price drop was caused by many things such as inflation, inflation usually negativity impacts growth stocks and positively or neutrally impacts value stocks and as NVDA is a high growth stock it has some of the best growth aspects in its sector. So, inflation has caused a large downfall for NVDA and the way the fed is aggressively trying to combat inflation suggests there is a hard landing coming for the markets. Soring electricity prices has caused NVDA to have higher operating costs. One single semiconductor factor takes up 100 megawatts per hour and usually run between 10-12 hours in a day taking around 1,100 megawatts per day. Which means it could deeply affect their earnings this quarter causing their stock price to fall. NVDA will continue to drop because of these reasons and as the Ukraine war continues on NVDA earnings will continued to be affected. NVDA is a strong buy for longer term but during this bear market with potential of recession of 35% in the next to year (predicted by Goldman Sachs) and the aggressive fed combating inflation has never been done before without a full-blown recession which suggests a tough period for the market is coming as well as NVDA Market wrap 9:00 GMT NVDA is currently at 20.65 which I predicted earlier the chance that NVDA ends up in the positive quite high as it is classed as oversold by the RSI which could pick up a lot of potential buyers but I can see NVDA trading between 205-195 price region over the next few days. The main reason why NVDA’s stock dropped 6.05% today was because of the death cross which is when the 50-day moving average moves below the 200-day moving average which suggest this bear market is here to stay and NVDA’s stock will continue to drop. This suggest to us that this market is not going to be short term and as the us ten-year bond rose 2.93% today which will negatively impact stocks because they usually are inversely propionate. This is why I believe NVDA should drop even further to around the 190-195 price level which could be another opportunity for a buy position I believe over the next few days the stock could rally 3 or 4% which could be a good opportunity to short. Semiconductors stocks such as AMD or intel. AMD has dropped by 22.05 % in the last month and suggests a strong sell signal as it hit below 90 per share today. Intel has dropped 2.03% in the last month but as it is a more mature company this is expected. This suggests to us that the semiconductor market is set to fall even further as the reason I mentioned early about high energy prices causing semiconductor companies to have a negative impact on their earnings. Causing people to take short positions in these companies. This also shows the impact of inflation on growth stocks as I talked about earlier To conclude I do not believe that NVDA will have a complete trend reversal against the S&P in this current bear market and will continue to fall has an influx of negative news continues to be delivered on inflation and energy prices. As well as the increasing fear of a recession approaching.
NASDAQ:NVDAShort
by harrybergin
5
Palantir: Potential inverse Head and Shoulders forming?Palantir Technology - Short Term - We look to Buy at 12.46 (stop at 11.59) A bullish reverse Head and Shoulders is forming. A break of 14.87 is needed to confirm follow through bullish momentum. The medium term bias remains bullish. Preferred trade is to buy on dips. News events could adversley affect the short term technical picture. Expect trading to remain mixed and volatile. Our profit targets will be 19.99 and 23.15 Resistance: 14.86 / 17.46 / 19.99 Support: 12.42 / 10.27 / 9.74 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
PLong
by Saxo
Correlation Between BTC and NDXTNumerous podcasts and other news sources suggest that there exists a strong positive correlation between BTC price and the price of tech stocks. To test this notion, I plotted the BTC closing price and the NASDAQ 100 Technology Sector (NDXT) closing price on the daily time frame. Based on visual inspection of the upper panel of the chart, there are time periods during which there exists a strong positive correlation, time periods during there exists little to no relationship, and time period during which there exists a strong negative correlation. Given in the lower panel is the Pearson correlation coefficient value over time (red, white, and red solid line), the 95% confidence interval for the correlation coefficient (boundaries of the confidence interval is given by the solid cyan lines), the lower limit of the correlation coefficient (lower limit = -1.0, white dotted line), upper limit for the correlation coefficient (upper limit = +1.0, white dotted line), and probability value (P value, yellow histogram) for the correlation coefficient. Note that the correlation coefficient is considered statistically significant (i.e., highly unlikely to be due to chance) when the P value is less than 0.05. When the correlation coefficient line is green, there is a statistically significant positive correlation between the BTC price and the NDXT price. When the correlation coefficient line is red, there is a statistically significant negative correlation between the BTC price and the NDXT price. When the correlation coefficient is white, there is no meaningful relationship between the BTC price and the NDXT price. An important caveat to note: Each Pearson’s correlation coefficient is calculated on 20 days of price data. This is not financial advice. I am not your financial advisor. This is my opinion.
BINANCE:BTCUSD
by Eightchains
2
XLK Technology Sector: Signals of DivergenceAs the growth sector #XLK and #NDX makes lower lows there are spots of divergence displaying, which could pose as some upward impulses this week. In that case it could help to normalize a temporary ‘higher low’ in terms of the holistic outlook. My TradingView charts (found at #bsdvs23) have mostly been bearish across the board with a few ‘potential’ bullish intraday traders here-and-there based on the broader technical structure. But that is neither here nor there since the major outlook of the trends is what is most important. All that being said, signs of divergence are now signaling that this area of ‘the higher low’ (big picture) could be setting up for the next leg upward impulse movement in an effort of retesting the lower highs. Granted this will take ‘time and price’ to get to that level and coincidentally coincides with the major earnings session upon us. And I should point out the bearish side of things as well to ensure the audience has the perspective of both sides here. The downside risk is the markets heading for those March lows. Something I have been very focused on the entire month of April in my YouTube videos, Facebook posts, and postings within TradingView. All-in-all, divergence is poking its head and that should provide caution to the wind for the bears. We will keep watch and monitor the Futures Markets as well as the sector spiders and other stocks for turning points going into the economic events this week as I will notate those below. Mon, Apr 18 - 10:00am NAHB Housing Market Index - Day 1 IMF Meetings - 4:00pm FOMC Member Bullard Speaks Tue, Apr 19 - 8:30am Building Permits - Housing Starts - Day 2 IMF Meetings Wed, Apr 20 - 10:00am Existing Home Sales - Day 3 IMF Meetings - 10:30am Crude Oil Inventories - 2:00pm Beige Book Thu, Apr 21 - 8:30am Philly Fed Manufacturing Index - Unemployment Claims - 10:00am CB Leading Index - Day 4 IMF Meetings - 10:30am Natural Gas Storage - 1:00pm Fed Chair Powell Speaks Fri, Apr 22 - 9:45am Flash Manufacturing PMI - Flash Services PMI
AMEX:XLK
by bsdvs23
$PYPL Looking for a Breakout to fill Gap down from $160+ to $200Let's start with the Tech side of things: 1. Has flipped the PARSAR bullish on the daily and is about to flip it bullish on the weekly 2. Accum/Distri has begun to climb sideways and upwards on the daily and the weekly after being down since Oct last year 3. MACD is been flipped bullish on the Daily and is about to be flipped bullish on the weekly This is just a few of the technicals that have turned bullish in the last few weeks, there are several more. Analysts: 1. MoffettNathanson's Lisa Ellis raised her buy recommendation to $190 this past week 2. Deutsche Bank's Bryan Keane raised his buy recommendation to $200 Why are they Bullish? Keane met with Paypal's CFO John Rainey this past week, following which he wrote that: "Beyond new product initiatives, PYPL also stands to benefit from expanding into China later in the year (catalyst for ) as well as through increased omni-channel capabilities as it integrates card based solutions and Zettle." Zettle by PayPal is its point-of-sale solution; its maker was bought by PayPal in 2018. Ellis wrote that she believes the stock is very attractively priced, and that she " upside from the strong U.S. eBay growth (27% in 4Q21), a macro recovery in China and other international markets, and the rollout of new services, including , crypto investing, and bill payment."
NASDAQ:PYPLLong
by StockGuild
Microanalysis of the NASDAQ 4HIn a follow up analysis of the recent favourite, the NASDAQ futures NQ1!, it appears that a possible higher low above 13K has been registered and it is now consolidating below 13,360 (yellow line). Any effort above has been met with swift downdrafts (red ellipse marking the upper tails). If this continues, a breakdown below 13K is expected, and currently is expected to 12,800 target. Alternatively, a 4H close above the yellow line would signal a breakout of the consolidation zone, and affirmation of a higher low near 13K support. Technically, 60/40 skewed towards the bears. Is this the calm before the storm? Asian into European opening hours would be interesting...
CME_MINI:NQ1!
by Auguraltrader
18
PALANTIR:New Beginnings On The Horizon NYSE:PLTR is now set for new beginnings as a major cycle has ended for this stock. Recently the price has been ranging in the the 8.6-11.4 area which is a high demand area ideal for the current accumulation phase .In fact there is a great probability for the bulls to take the lead and push the price significantly up , taking advantage of the nice potential of PLTR . Although many technical indicators are already anticipating a rally, it is more reasonable to wait for a close above the 12.6 as a confirmation before the entry . After the confirmation ,the price is likely to reach the first target ,and potentially the second and the third targets if PLTR succeeds to close significantly above the first and the second target areas successively. For the trade management It is advisable to : Close 50% of the position when the first target is hit and move the stop to the entry area . Close 25% when the second target is hit and move the stop to just below the first target area . Close the remaining 25% when the third target is hit . The 9.5 level would represent a reasonable stop level which has the advantage of being tighter than the 8 level despite the latter offering more freedom for the movement of price . FERVENTLY BROUGHT TO YOU BY MANHATTAN STOCKS . ALL REQUESTS ,SUGGESTIONS AND REMARKS ARE WELCOME .
PLong
by manhattanstocks
2
NASDAQ under the microscopeWas just looking at the NASDAQ futures and the price actions over the market holiday yesterday amidst the hype and concerns over Russia-Ukraine issues. In the NQ1! 4H chart, recent multiple failures of the 55EMA (4H and Daily) technically projected downside for the NASDAQ (amongst other equity indexes). There appears to be a cyclical fear pattern over the last month, and in this current cycle, it should peak down today. Am expecting a spike down type of peak, that tests the support, breaks it somewhat and then a likely rebound ensues (as previously posted that NQ1! should be testing support). That's what the technicals are hinting to me anyways. There is a near support, but I am looking at possible spike down to 13,000 in the coming days. Longer term still looks volatile, and longer term target is still lower for now. Absolutely plausible for a major DCB and then a massive turn of events. I do have a date in mind though... 10 MAY 2022. Watch that date! Stay safe and well!!!
CME_MINI:NQ1!
by Auguraltrader
7