Are The Markets Running Out Of Steam? SPY just cant seemed to hold above the 600 psychological level.
Are big players unloading into this positive market strength?
Are we due for a larger pullback?
There's a lot of mixed price action and we just cant seem to make a true breakout.
Some names are underperforming and other names are outperforming.
We remain tactically bullish while trimming keys positions into strength.
Being nimble in this market us key as were seeing large intra day swings.
Short term there is some risk of lower price so we have hedged in some individual names while still remaining bullish.
AI
Bullish Intraday Patterns Everywhere!SPX had a wonderful intraday hourly chart confirmed breakout. This pattern is bullish and likely will continue higher.
The bulls tomorrow would love to confirm the daily chart breakout and will try to push for that.
SPY/SPX is holding more relative strength than the Q's & IWM which is displaying broad participation.
There are many bullish charts showing accumulation, golden crosses and bullish MA crossovers.
The DXY appears to be wanting to break down to around $97.00 which should yield more upside.
We secured profits today on SPY 594 calls & NVDA 144 calls.
We still remain net long and see the S&P 500 over $6000
Apple, XYZ, AI - are bullish setups were continuing to manage.
SPY, SPX, IWM, Natural Gas, NVDA, XYZ, AI - Analysis- Markets sold off into the NVDA rally this morning.
- Small afternoon rally turned indices back green
- Major pre market high levels up ahead likely allow us to push higher in coming days.
- NVDA should retest its premarket high levels.
- Profits secured on AI calls!
- Structurally indices are still bullish and remain above key levels.
- Yields see nasty reversal lower and look to be going down.
- Natural Gas trying to lure investors with a bottoming tail - but i think its false hope.
$AMD position trade idea LONG TERM weekly/monthlyNASDAQ:AMD has been weak for awhile on the weekly chart, but nothing lasts forever. This is a long position trade idea I have for myself, with the thesis that, long term, NASDAQ:AMD is reaching for $360ish over the next couple of years, based on fib projections from back when the bull market started years ago.
NASDAQ:AMD briefly touched a premium zone months ago (red shaded area), and with the current weakness NASDAQ:AMD has been pulling back and just reached a short term discount zone around $109 (green shaded area). My expectation is that NASDAQ:AMD might drop a bit more into this zone, perhaps sweep under the lows at $93.12, reach a couple of projected targets for the short interest (that I have marked in red and orange lines), and then find support and bounce aggressively from there.
This is all based on a pattern I frequently see where when a chart reaches the premium zone near the end of a move, it often pauses just shy of the target and feigns a reversal, falling back into the short term discount zone, often sweeping a low, and then aggressively pushing for the target that was intended all along. This serves to wash out any short term holders and deny them the full target, while offering good prices to the long term holders to reaccumulate before reaching their target.
Seek professional investment advice elsewhere, this is not trading or investment advice, this is my own observations and how I intend to approach NASDAQ:AMD in this current price area. I will not be blindly buying anything and I always manage my risk in case I'm wrong.
Nvidia could still be seriously overvaluedIf the release of DeepSeek's AI models really is as disruptive as some suspect, Nvidia bulls could be seriously questioning if they want to hold onto the stock for the long haul. And that means some bulls could be looking to offload into a bounce while bears seek to fade into them. I highlight some key levels for bears to keep an eye on.
Matt Simpson, Market Analyst City Index and Forex.com
Micron ($MU) is Poised for Action – Here’s What’s ComingMicron is sitting at a major decision point, and the next move could be big. Here’s the game plan:
If we drop below $84: Things could get bumpy, with possible corrections to $74, $70, or even $63–$64.
If we break above $93: The sky’s the limit, with targets at $100, $110, and maybe even $138 on the horizon.
This is one to watch closely. Big moves are coming, so stay sharp and ready to ride the wave!
Kris/Mindbloome Exchange
Trade What You See
FET Token Analysis: Charting the Course to Potential 5x GainsIn this video, we analyze the current price action of Fetch.ai's FET token, which is experiencing market indecision around the 38% Fibonacci retracement level. We'll discuss the importance of confirming this level as support and the potential for a bullish push toward the previous all-time high (ATH). If FET can break through and establish the ATH as a new support, we could see a trajectory toward a 5x return. However, considering the current market cap of approximately $5.36 billion, a 15x return appears less likely. Alternatively, we'll explore the scenario of a price movement toward $1.10, awaiting a retest for potential entry points, with the same profit targets in mind. Join us as we navigate these possibilities and outline strategic approaches for swing traders aiming to capitalize on FET's market dynamics.
$SNOW (Snowflake) | Christmas Came Early +1,000% ROIWe watched this name face headwinds after a bad earnings print, along with data privacy issues...
But we crafted our thesis, identified our price targets, then benchmarked this name against competitors like: NASDAQ:CRWD NSE:INFY and NYSE:PLTR (one of our biggest winners in 2024... Entry at $8/share)
This analysis positioned NYSE:SNOW for significant upside after the massive sell-off from $237 down to $108 - which was reflective of a fair-value in this market.
I loaded the boat on $150 Calls dated DEC24 & JAN26 (with additional strikes)
On the DEC24 $150 Calls - Over 1,000% ROI (closed 1/2).
What's Next for NYSE:SNOW
The answer is simple, upside.
Earlier this year, investors priced this name at a 20-30X EV/S - which was akin to perfection.
To maintain that valuation would require absolute perfection in execution, earnings expectations, and forward guides into Q1 & Q2 of 2025.
Since then, the valuation has been cut in half - even though the business has not seen a 50% revenue or growth decline.
With an equivalent peer-driven valuation, NYSE:SNOW would be priced as follows:
• $415 at NYSE:PLTR ’s valuation
• $181 at NASDAQ:DDOG ’s valuation
• $196 at NASDAQ:CFLT ’s valuation
• $228 at NASDAQ:MDB ’s valuation
Median target is $212.
(Competition Valuation Performed by: StockSavvyShay on X)
Get in at the ground level? So many people would love to make money from the markets yet they end up losing instead, this should not be the way
With dedicated focus, I've had tenacity to withstand everything that the market had to throw at me, and can finally say I'm in a position whereby I've risen up on top
If you are tired of struggling on the market and instead would like the markets to work for you, please reach out to me so we can start a conversation
NVDA Predictive Modeling Outlook : Pre Earnings 11-20-24I thought I would have a little fun with my ADL Predictive Modeling system.
This shows the Daily & Weekly predictive results for NVDA prior to the earnings data release.
Have fun.
This is really just to show you how the ADL system works and to test the outcome related to NVDA's earnings/outcome.
Get some..
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Understanding The Basics Of AI/Inference Engine ConstructionRecently, there has been a lot of discussion related to my SPY Cycle Patterns and how they work.
In short, without disclosing proprietary code/quants, I built an inference engine based on Fibonacci, GANN, and Tesla theories.
Part of this inference engine is to identify the highest probable outcome related to the patterns.
This is not rocket-science. This is the same process your brain does when determining when and what to trade.
The only difference is I'm doing a bunch of proprietary calculations/quants related to data and price theory in the background, then the inference engine determines the best, most likely outcome.
Take a few minutes to watch this video and try to understand the difference between static and dynamic modeling.
Again, my objective is to help as many traders as possible. My Plan Your Trade videos are my opinions based on my skills, knowledge, and proprietary modeling systems/tools.
None of my tools are 100% accurate all the time - nothing is. But, I do believe the quality of information and instructional information I provide is invaluable to most traders.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
The TradingView Show: Interest Rates and AI with TradeStationJoin us for our newest episode with David Russell , Head of Market Strategy at TradeStation . We’ll dive into the current market landscape, covering all of the following topics for traders:
1. Market Trends: We’ll provide detailed insights into major stocks and bullish market trends, focusing on META, NVDA, and the evolving landscape of Chinese stocks. Discover how hedge fund managers are navigating these markets and uncover other significant movements you might be missing.
2. Index Review and Interest Rates: Our analysis will dive into macro trends affecting the SPX and NDX, exploring the importance of major indexes. We’ll discuss how rising interest rates are influencing market behavior and the broader economic implications for investors.
3. Commodities: Get the latest updates on oil, especially in light of recent production cuts that are impacting prices globally. We’ll also discuss gold and silver prices, examining why gold has achieved an all-time high while silver remains undervalued and what that means for future trends.
4. Cryptocurrency: Take a closer look at Bitcoin’s recent performance. We’ll explore whether it is on the verge of forming a significant new trend and what factors are driving its volatility in today’s market.
5. Housing Market: Analyze current trends in the housing market and what lies ahead, especially as they relate to rising interest rates, advancements in AI, and productivity improvements. This segment will provide essential insights for anyone interested in real estate investments.
And much more! We encourage you to ask questions and share your feedback in the comments. Now, some important links for you to explore and read:
Explore TradeStation ideas on TradingView here: www.tradingview.com
For important disclosure information regarding options, ETFs, and more, please visit:
1. www.tradestation.com
2. www.theocc.com
3. www.tradestation.com
Thanks for watching and we'll be back live next month!
Ocean merger with Fet and Agix offers opportunityOCEAN, FET and AGIX look to be migrating to ASI
This is a very interesting move as we see the market began a wave of M&A. It is important to keep an eye on these developments and can be a sign of industry about to send it higher.
OCEAN opportunity
With OCEAN being on OP it offers a low cost gas fee to buy into. It looks like it will have the lowest conversion rate of 1 OCEAN = 0.433226 ASI while 1 AGIX = 0.433350 ASI and 1 FET = 1 ASI. This is quite fair considering current prices.
This merger could lead to be a bit of volatility
Must be careful of the swings created by this expectations and speculations. While migration may offer an opportunity for OCEAN holders there is also significant risk. Ideally, ASI will be better placed come bull market but can be safest to wait for ideal entries to reduce risk.
Short squeezes are happening!Discussing some potential short squeeze candidates.
Some of these names have already bolstered huge gains and looking to potentially squeeze higher if price action holds firm.
All of these names need to be monitored in the near term for opportunities.
Shorts get nervous when stocks are moving higher.
AI, SPWR, CHWY, WOOF
🔥TON: Listing On Binance And $20 Soon❓It's Worth to Buy NOT🚀🔥 A lot of expectations about Toncoin and Notcoin listing on Binance.
Is it worth to but TON now and wait $20 on possible Binance listing?
3 ways to withdraw your NOT from Telegram
Do you need to buy NOT streight after the listing?
These are the topics that most traders and investors are interested in. This is exactly what I talked about in detail in the video!
🎁 Check my trading ideas for the altcoins that are still at the bottom!
like❤️ and follow
Looking short right away for a swing on AI!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
MUSTWATCH : AI Crypto's for 2024 (RNDR, FET, 0X0, PALM)📉Hi Traders, Investors and Speculators of Charts📈
AI isn't a new hype, but much of the crypto community hasn't yet caught on to the AI-usecase coins you can invest in. With microcaps and more established projects to choose from, I've highlighted two of each that I'm super bullish on for 2024.
First let's look at the two microcaps, PALM AI and 0X0. When these coins catch mainstream attention, they can easily x10 in the NEXT CYCLE.
1) PALM AI
PALM acts as the utility token for PaLM AI, a multi-platform AI chatbot. Engage in conversation, coding, image generation or vision with input of your choice ranging from voice messages to imagery.
The developer team is strong with a strong use case, relevant to the ai revolution. The website is incredible - already fully functional and offering real solutions. As you can see, the price is still dirt cheap.
2) 0x0 ai
0x0.ai aims to be a choice for users in the Ethereum network who want to ensure the safety and privacy of their transactions. 0x0.ai focuses on privacy, advanced AI-based safety tools, and a unique revenue-sharing model. With its cutting-edge technology, secure transactions, and opportunities for passive income, 0x0 could revolutionize the DeFi landscape.
3) Render AI
Render Network (RNDR) is arguably the first AI cryptocurrency, as it was introduced in 2017. It is promoted as the first decentralized GPU rendering platform that allows artists from various regions of the globe to scale GPU rendering work on-demand using high performance GPU nodes.
4) FETCH AI
The Fetch.AI (FET) platform is focused on building and promoting "AI agents," a class of modular building blocks various real-world applications can use for scaling. "AI agents" can either be described as mini-applications or elements of computational infrastructure. AI cryptocurrency FET is an Ethereum-based ERC-20 token that supercharges the tokenomical design of the product and serves as an instrument for its monetization.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
UNISWAP:PALMWETH_051EF3.USD BINANCE:RNDRUSDT BINANCE:FETUSDT BITGET:0X0USDT
$PLTR - Palantir extremly oversold on the Weekly. Time to BUY!!?TA on NYSE:PLTR as some traders seem worried about this steep selloff the last 3 trading days. Also, briefly discussing the fundamentals of the Company. #AlexKarp
Personal Lookback 💜 November's Profits, Success Rate, RisksGreetings, fellow traders,
As we embark on the second day of December, I'm filled with immense pride to announce that our previous 12 market analytics from November have triumphantly achieved their respective target prices. This remarkable accomplishment spans a diverse spectrum of assets, including precious metals like gold, forex pairs like EUR, and the ever-evolving realm of cryptocurrencies, exemplified by Bitcoin. For your convenience, a comprehensive list of these TradingView analytics will be readily available in the description below.
While we've navigated the market with remarkable precision, avoiding any unfortunate stop loss hits, I wholeheartedly encourage the integration of safety measures into your future trading endeavors. Your well-being and financial security remain paramount, and implementing prudent risk management strategies is an essential cornerstone of success.
As I reflect upon this journey, I extend my deepest gratitude for the unwavering motivation and inspiration you have bestowed upon me. Your unwavering support has been the driving force behind my commitment to providing insightful market analysis and fostering a community of empowered traders.
Together, let us strive to maintain, if not surpass, this exceptional success rate. May our collective passion for market mastery continue to propel us towards new heights of financial prosperity.
I wish you all the very best in your trading endeavors, and may longevity fill your paths.
Happy trading, and long life!
Gold:
Gold Rush with AI: Analyzing a Bullish Trend
Managing Gold Long & SL - A Multi-Indicator Consensus Indicator
Gold's Story of Resilience and Strength
Gold's in the door of Breakout or Fakeout 🧈 EMA Analytics w/ AI
Gold Rush with AI: Is a Bullish Trend broken?
Cross-Checking Gold’s Supertrend Adaptively on MTFA
FOREX:
EUR's Retracement: ECB indicated Yield-Seeking on USD
Factors Contributing to the EUR's Decline Against the USD
An AI Analytics - 💶 EURUSD Trajectory: Bullish Market Dynamics
Video - Powerful EUR Fundamentals - AI suggests Technicals Align
An AI Analytics - 💶 EURUSD Trajectory: Bullish Market Dynamics
Crypto:
Deciphering the Charts: A Closer Look at BTCUSDT's Future
Kind regards,
Ely