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Boeing: Jumped off! 🪂Following the decline in Boeing's stock price, which pushed it below the upper boundary of our pink trend channel, we anticipate a significant correction with the green wave (2). This corrective movement should conclude within the green target range from $181.81 to $146.74 before potential rallies are likely again. However, our analysis assigns a 32% probability to the possibility of surpassing the resistance at $243.10. After breaching this threshold, an upward shift towards the green target range, from $247.91 to $265.42, would be anticipated. This trajectory would facilitate the establishment of a higher high for the green wave alt.(1).
NYSE:BAShort
by MarketIntel
$NVDA -Potential Downside (21Aug/2023)- Welcoming NYSE opening this Week with an opened Short position on NASDAQ:NVDA taken last week due to a Broadening Wedge pattern being formed and Lower Highs Market Structure. May be forced to Trail SL according to how markets will open from the positive last Friday's Rally . TRADE SAFE *** Note that this is not Financial Advice ! Please do your own research and consult your own Financial Advisor before partaking on any Trading Activity based Solely on this Idea.
NASDAQ:NVDA
by Mr_J__fx
THE REAL CRASH starts after the next new highThe chart posted is the NYA for my whole life in the trading and advising for over 41 year this is and has been the true market see my work in jan 2018 the true market peaked in sept 2021 and we have had classic wave structure since the oct low is the end of wave A and we have been in what looks to be the ABC rally to end WAVE B on a super cycle degree I still have us making one last gasp into sept 10 TH . if you look close at the nya chart you can see we are in the same place on 8/16 2023 as you were on Aug 16 Th 2022 BTW those were my major spirals called another panic drop into oct 10/20 focus on th 16 low was oct 13 target 3511/3490 low 3491 in the Sp and Nyse hit too the tick its target . we are nearing the end so be Patient .I have talked a lot about a panic into mid to late Aug . we are going to bottom within hours of this post and we will then rally in wave5 to end the ABC rally to mark super cycle wave B .
TVC:NYA
by wavetimer
4
Is the 2y bond telling us something? HAS THE CRASH BEGUN?Bonds yields have been moving up at a fast pace recently - the 2 year bond yield moved between may and now nearly a full percentage point. Currently at the levels seen around 2008 right before the markets crashed. With real rates on the 3 Month bill actually reaching the exact rate before 08 crisis. One thing I noticed is that the longer end of the curve, i.e bonds with longer maturity have risen at a faster pace as well in the recent weeks. Hedge funds put massive bets in the last few weeks that yields would go higher ( shorting bonds) and I wonder if higher bonds pushing for higher rates is what may be the trigger that puts us into a recession and I do think into a real crash in the stock market. What do I mean? I think that the market has realized that inflation has been going down in many areas as shown month after month on the CPI, PCE and such reports. Although, there are still many areas where inflation exists and does not seem to be going anywhere, such as real estate, energy, and even food. Another big factor here is loan payments, mortgage payments, that people are paying on cars, houses, etc. So people are not saving, people are taking more and more credit as shown recently that we are currently at record levels of credit card debt and the lowest rate of savings in over a decade. The optimism in the market since the start of the year, was so that the market started to be ok with the fact that rates would be going to around 5%-5.5%, and even pricing in rate cuts during 2024- as we all know, the markets are forward looking, so equity prices started moving higher. But after all this, we have reached a point where the market is questioning valuations when we have a good return in "risk free" assets, and with so much concentration in a handful of names bringing great companies at trillions of dollars of market cap but with no where near a reasonable price relative for the risks. Not to mention the soft earnings, yes we beat expectations, but is it really hard to beat such low expectations? if you look at earnings in compared to a year ago you will see that there is hardly any growth and even no growth and lower sales. Back to Bonds- why would yields go up? Fitch downgrading the US credit market is one reason, but not at all the whole story. Sticky inflation could another reason. One major one which I think has been forgotten recently, is the banks. Reginal banks and even more larger banks have on their balance sheets loads of us treasuries, when SVB and First republic collapsed, it showed how fragile the banks are to rising yield rates on the securities they hold. Now that is is happening again, and this time along with longer maturity securities, I think there may be a real crisis waiting to unravel. Perhaps bringing dozens of banks to the brink of collapse. This is something that would be to great for JP Morgan or any other major bank to buyout and save by themselves. On another note The market is showing its concern, for fiscal issues, real problems with the US paying over a trillion Dollars a year just on interest payments. Less income on taxes and much more spending due to inflation. I think the current environment is screaming a lack of trust and wants real returns for the risks in takin on more US debt, so rates are going up. How much higher can yields go without something breaking? I think the 30y mortgage rate at 7%+ currently is going to be another breaking point. Without going to further in the housing market, I will just note that with rent prices at all time highs in many cities, could be a signal that home owners are trying to get a yield on their investment that can cover their mortgage expenses which are rising. Putting the expense on the renter. When it reaches a level where renters cannot pay these amounts that's when owners cannot keep their homes, selling starts. Home owners seeing rates rising ( 10Y bond is the best indicator as most Mortgage brokers use that to calculate rates ahead) can start to panic and sell. So I do think that if there will be a total crash it will happen simultaneously in many markets and will obviously cause major panic and mayhem. This time the Fed wont be able to do much, printing money will be seen as a major fiscal risk and may cause the end of the dollar all together, inevitably a major correction will be needed to reset financial valuations and restore confidence in the debt markets. To summarize, there are definitely cracks, and real risks that seem to outweigh the current reward in the equity markets..
TVC:US02YShort
by LEO_IAMNOTUNCERTAIN_55555
1
Essex Property Trust DCA - Double bottom Company: Essex Property Trust Ticker: ESS Exchange:NYSE Sector: Real Estate Introduction: In our latest technical examination, we focus on Essex Property Trust, a significant player in the real estate sector. The daily chart brings to light a possible bullish reversal pattern, specifically a double bottom, which has been in development over the last 279 days. Double Bottom Pattern: A double bottom is a classic technical analysis pattern that suggests a potential reversal from a preceding downward trend. It is characterized by two distinct troughs at roughly the same price level, with a peak in between – visually resembling the letter 'W'. Analysis: Essex Property Trust's prior trajectory was bearish, marked distinctly by the blue diagonal resistance line. However, the formation of the double bottom pattern suggests a potential shift in this trend. The horizontal resistance, or the "neckline" of the double bottom, is identified at 240.88$. Currently, the stock's price is not only above the 200 EMA, indicating a bullish ambiance, but it has also surpassed the horizontal resistance. This breach makes the case for a bullish entry more compelling. Based on the depth of the pattern, our projection for the price target stands at 286.23, translating to an approximate upside of 18.81%. Conclusion: Essex Property Trust's daily chart paints a promising bullish picture, signaled by the double bottom formation and the breach of key resistance levels. A favorable trading opportunity seems to be on the horizon, provided other market conditions remain supportive. ------------------------------------------------------------------------------------------------------------------------- As always, ensure that this analysis integrates seamlessly into your comprehensive market research and risk assessment practices. It should not be misconstrued as direct trading advice. If you found value in this analysis, please consider sharing and following for more insights. Wishing you successful trading! Best regards, Karim Subhieh Disclaimer: This technical analysis is intended for educational purposes and does not constitute financial advice. Always conduct thorough research and seek advice from a financial consultant before making any investment decisions.
NYSE:ESSLong
by KarimSubhieh
2
Boeing: Not yet at maximum altitude ✈️Even though the price of Boeing softened a bit last week, we believe that it has not yet reached its peak. It is still in the green wave , for the completion of which it must rise to our green target zone between $247.91 and $265.42, where short positions are worthwhile. Only then can it go down in our estimation. However, it is now important that it holds above its support at $228.16, otherwise it will come under significant downward pressure. If it falls too much against our expectations, the price is already in its old wave , the end of which is in sight in our second green target zone below. We give this alternative scenario a probability of 34% and buyers should keep an eye on it.
NYSE:BA
by MarketIntel
Targa Resources Corp. WCA - Ascending TriangleCompany: Targa Resources Corp. Ticker: TRGP Exchange: NYSE Sector: Energy Introduction: In today's examination, we focus on Targa Resources Corp. (TRGP) listed on the NYSE, a key player in the energy sector. The weekly chart exhibits a bullish breakout from an Ascending Triangle pattern, which has been forming over the past 66 weeks. Ascending Triangle Pattern: The Ascending Triangle is a classical charting pattern characterized by a horizontal resistance line and an upward-sloping support line. In this case it serves as a bullish continuation pattern. Analysis: Targa Resources' previous trend was upward, symbolized by the green diagonal line. This upward trend was momentarily halted by a consolidation phase forming the Ascending Triangle pattern. The upper horizontal boundary of the pattern is around 80, with 4 touch points, while the lower diagonal boundary ranges between 55-76 and also has 4 touch points. The price is well above the 200 EMA, implying a bullish environment. Currently, the price appears to have broken above the horizontal boundary, favoring a long entry. The price target for this bullish setup is at 103, which corresponds to an estimated rise of 30%. Conclusion: The weekly chart of Targa Resources presents an attractive bullish breakout opportunity through the Ascending Triangle pattern. This setup, validated by a breach above the horizontal boundary, could offer a rewarding long trading prospect. --------------------------------------------------------------------------------------------------------------------------- Please remember, this analysis should be a part of your comprehensive market research and risk management strategy, and is not direct trading advice. If you find this analysis valuable, please consider liking, sharing, and following for more insights. Wishing you successful trading! Best regards, Karim Subhieh Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions.
NYSE:TRGPLong
by KarimSubhieh
4
Assurant Inc. DCA - Inverted head and shouldersCompany: Assurant Inc. Ticker: AIZ Exchange: NYSE Sector: Financials Introduction: In this analysis, we focus on Assurant Inc. (AIZ) listed on the NYSE, an important player in the financial sector. The daily chart highlights a potential bullish reversal signaled by an Inverted Head and Shoulders pattern that has been forming over the past 39 weeks. Inverted Head and Shoulders Pattern: The Inverted Head and Shoulders pattern typically signals a reversal of a downtrend and a potential start of an uptrend. It is characterized by three troughs with the middle trough (the "head") being the deepest and the two outside troughs (the "shoulders") being shallower and roughly equal in depth. Analysis: Assurant's previous trend was clearly downward, depicted by the blue diagonal resistance line. However, it appears this downward trend is being interrupted by the formation of an Inverted Head and Shoulders pattern, suggesting a potential reversal to the upside. The symmetry between the shoulders is good, and the horizontal neckline is well defined at 135. The price is currently above the 200 EMA, indicating a bullish environment. Should we see a breakout above the horizontal neckline, it could favor a long entry. The price target in such a scenario would be at 165, representing a potential rise of 22%. Conclusion: Assurant's daily chart shows a promising bullish reversal setup through the Inverted Head and Shoulders pattern. If confirmed by a breakout above the neckline, this could offer an appealing long trading opportunity. ------------------------------------------------------------------------------------------------------------------- Please remember, this analysis should form part of your overall market research and risk management strategy, and is not direct trading advice. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you successful trading! Best regards, Karim Subhieh Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions.
NYSE:AIZ
by KarimSubhieh
4
Avery Dennison Corporation WCA - Symmetrical Triangle Company: Avery Dennison Corporation Ticker: AVY Exchange: NYSE Sector: Industrials Introduction: In our analysis today, we're looking at Avery Dennison Corporation (AVY) on the NYSE, an industrial sector company. The weekly chart displays a potential bullish reversal in the form of a Symmetrical Triangle pattern that has been developing over the past 58 weeks. Symmetrical Triangle Pattern: The Symmetrical Triangle pattern usually indicates indecision. In this scenario, it seems to be acting as a reversal pattern from a previous downward trend Analysis: Avery Dennison's previous trend was downward, demonstrated by the diagonal blue resistance line. However, this trend appears to be interrupted by a consolidation phase shaped like a Symmetrical Triangle, suggesting a potential reversal. This triangle pattern has 2 touchpoints on both the upper and lower boundaries. The 200 EMA is acting as support in this case, and the price is holding above it, indicating a bullish environment. A breakout above the diagonal resistance would signal a potential long setup. Should this breakout occur, we could anticipate a price increase of approximately 29%. Until such a breakout, Avery Dennison remains a candidate for watchlist monitoring. Conclusion: Avery Dennison's weekly chart presents a potential bullish reversal scenario, signaled by the Symmetrical Triangle pattern. This pattern, if confirmed by a breakout above the diagonal resistance, could provide an attractive long trading opportunity. --------------------------------------------------------------------------------------------------------------------- Remember, this analysis should be part of a broader market research and risk management strategy and is not intended as direct trading advice. If you found this analysis beneficial, please consider liking, sharing, and following for more insights. Best of luck with your trading! Best regards, Karim Subhieh Disclaimer: This analysis is not financial advice and is meant for educational purposes only. Always do your own research and consult with a financial advisor before making any investment decisions.
NYSE:AVY
by KarimSubhieh
6
Here's Why $BABA Could Skyrocket Even Higher!Analysis: Looking at the dataset, it's evident that both the Macro PVVM and Micro PVVM scores for Alibaba ( NYSE:BABA ) show an overall increasing trend over the examined period. The Macro PVVM went from a score of around 0.58 to approximately 54.24, demonstrating a significant uptrend. The Micro PVVM also moved from -53.71 to 40.23, showing a reversal from a bearish to a bullish momentum in the short term. The close price of NYSE:BABA has been generally increasing along with the PVVM scores, indicating that the bullish momentum has been affecting the stock's price positively. Key Takeaways: There's an established bullish momentum, indicated by the upward trend in both the Macro and Micro PVVM. The Micro PVVM has crossed from negative to positive, suggesting that the bearish short-term movement seen at the beginning of the period has turned into a bullish one. The most recent close price of $98.33 is the highest over this period, further confirming the bullish sentiment. Trading Strategy: Given the bullish trend and movement, it would be a good strategy to maintain a long position on Alibaba. However, traders should keep an eye on the PVVM scores. If there's a sudden drop, especially in the Micro PVVM, it could indicate a reversal in the short-term movement. Since both Macro and Micro PVVM are in positive territory and increasing, traders should look for opportunities to enter long positions on pullbacks, as the overall trend is upwards. Keep in mind the rule that the best long entries are when both PVVMs are low and start showing signs of strengthening.
NYSE:BABALong
by SwingSwiss