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Daily Market Update for 4/19Summary: Strong earnings reports thus far in the quarter helped investor confidence in the market and push indexes higher today. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Tuesday, April 19, 2022 Facts: +2.15%, Volume lower, Closing Range: 93%, Body: 85% Green Good: Solid green candle on higher volume, higher high, higher low, closing range Bad: Nothing Highs/Lows: Higher high, Higher low Candle: Mostly green body with small upper and lower wicks Advance/Decline: 1.93, almost two advancing for every declining stock Indexes: SPX (+1.61%), DJI (+1.45%), RUT (+2.04%), VIX (-3.61%) Sector List: Consumer Discretionary (XLY +2.90%) and Real Estate (XLRE +2.10%) at the top. Utilities (XLU +0.65%) and Energy (XLE -0.81%) at the bottom. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Strong earnings reports thus far in the quarter helped investor confidence in the market and push indexes higher today. The Nasdaq rose +2.15% on higher volume than the previous day. The 93% closing range comes above a thick 85% green body. A short lower wick formed in the early morning while an even shorter upper wick formed at the close. Buying was dominant throughout the day as two stocks advanced for every declining stock. The Russell 2000 (RUT) also performed well, climbing by +2.04% today. The S&P 500 (SPX) gained +1.61% and the Dow Jones Industrial Average (DJI) advanced +1.45%. The VIX Volatility Index remains elevated but declined by -3.61% today. Ten of the eleven S&P 500 sectors gained today. Consumer Discretionary (XLY +2.90%) and Real Estate (XLRE +2.10%) ended the day as the top sectors. Energy (XLE -0.81%) was the only declining sector. Both Building Permits and Housing Starts exceeded the forecast for March. API Weekly Crude Oil Stock was lower than expected, but overall oil prices dropped on fears of slower growth. The US Dollar Index (DXY) continued to rise, gaining +0.18% today. US 20y, 10y, and 2y Treasury Yields all rose. High Yield (HYG) and Investment Grade (LQD) Corporate Bond prices dropped. Silver and Gold prices fell sharply. Brent Oil dropped to $1.07 / barrel after topping $110 earlier this week. The put/call ratio (PCCE) declined to 0.782. The CNN Fear & Greed Index is at Neutral. The big six all gained today. Amazon (AMZN) had the biggest gain, rising by +3.49% and closing above its 21d EMA and 50d MA. Nike (NKE) was the top mega-cap for the day, topping Amazon's gain with a +4.12% advance. Pfizer (PFE) ended the day at the bottom of the list again, declining by -3.20% today. The Daily Update Growth List did very well today with only three stocks declining, two of them being Chinese stocks which all underperformed today. Roku (ROKU) was the top stock of the day, climbing by +8.22%. However, the stock was down after hours by almost 6%, likely because of Netflix's bad news. At the bottom of the growth list is Twitter (TWTR) which declined by -4.73% today. Netflix (NFLX) dropped -25% in after-hours trading. The company had the first subscriber shrinkage in over a decade. That's going to have an impact on the Communications sector tomorrow. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead After the market opens on Wednesday, we will get Existing Home Sales data for March. Crude Oil Inventories will be released shortly after that. Beige Books will be released from the Fed in the afternoon. Tesla (TSLA), Procter & Gamble (PG), ASML (ASML), and Abbott Labs (ABT) are some of the earnings reports coming on Wednesday. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq rose throughout the day but stopped short of the 50d MA. If the one-day trend line continues into Wednesday, the index could rise over the 50d MA and 21d MA, ending the day with a +1.11% gain. If the index returns to the five-day trend line, that would mean a -1.35% decline. The trend line from the 3/29 high points to a -3.58% decline, but that seems unlikely given the current chart pattern. Some surprise bad news could change that. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up The Nasdaq has been moving sideways, but within a wide trading range, for the past few sessions. Could this finally be the breakout we needed? We need to break from that range first which the top is around 13,685. Then it would help if we can close above the 50d MA and 21d EMA. Do all that on higher volume and with a high advance/decline ratio and it would build a lot of confidence for a move toward the 200d MA. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
XLY Ready for the next leg down?XLY has rallied to and thru previous support on decreasing volume. It is currently oversold and retesting the previous swing high. The main holdings in XLY are: - Amazon -Tesla (these two make up over 35%) -Home Depot -Nike -McDonald's -Lowes -Starbucks -Target -Booking -TJX Consumer disposable income is hovering around the Jan 2020 lows (fred.stlouisfed.org ) Inflation expectations continue to rise (www.clevelandfed.org) As always, this is just food for thought!
AMEX:XLYShort
by SPY_VIX_TRADER
GMT does not stop! New target, new ATH!Congratulations to all who followed my previous analys! Hope you all took a good profits! GMT has grown much higher than I expected, which makes me more bullish about this amazing project. Possible target based on the trend could be 2.60$ - 2.78$ Here we have two scenarios: (1) and (2). Please, comment which scenario you think will happen. P.S. As I'm doing more research about GMT, STEPN, I realise that this project has very big potential. It has really good roadmap and marketing plan. Huge brand like Adidas, Nike, ASICS, Head are going to annonce partnership with STEPN. More people are starting to use / talk / invest in it. In my opinion, that project will get massive and GMT price will increase much more. I would say 10$ is nothing for GMT, it can cost more than 50$ in the near future. So, my advice to them who are Holding: HOLD HOLD HOLD!!! We will get a big gains! I want to wish Good Luck to traders - let's make more profits! And I want to wish strong patience to Holders! Good things take time! ----------------------------------------------------------------------------------------------------------------- Please note that this is not a financial advice. Just my personal idea. Do your own research.
Long
by DAVE7UCO
1
S&P500:FUNDAMENTAL ANALYSIS+TECHNICAL SETUP|LONG 🔔S&P 500 Takes Aggressive Fed Rate Hike Bets in Stride The S&P 500 jumped sharply as investors piled into big tech, shrugging off an ongoing rise in yields amid growing expectations for the Federal Reserve to turn more aggressive on rate hikes. The S&P 500 rose 1%, the Dow Jones Industrial Average gained 0.6%, or 200 points, the Nasdaq rose 1.8%. Federal Reserve Bank of St. Louis President James Bullard stressed the need for the Fed to move faster and more aggressively on rate hikes to curb the pace of inflation. The remarks arrived a day after Fed Chairman Jerome Powell said the central bank would be prepared to hike by more than 25 basis points at upcoming meetings to “ensure a return to price stability.” Wall Street was quick to price in steeper hikes following Powell’s comments, with Goldman Sachs now forecasting a 50 basis point hike at the Fed’s May and June meetings. Regional banks paired some of their recent losses helping the broader financials sector rise more than 1% as rising rates boost the net interest margin of banks. SVB Financial (NASDAQ:SIVB), Wells Fargo (NYSE:WFC), and First Republic Bank (NYSE:FRC) led the move higher. Growth sectors of the market including tech didn’t waver under the pressure of the rising yields. Meta Platforms (NASDAQ:FB) Amazon (NASDAQ:AMZN) Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), and Apple (NASDAQ:AAPL) climbed more than 2%. Chinese tech stocks were also in the ascendency, supported by a surge in Alibaba Group (NYSE:BABA) after the e-commerce announced boosted its share buyback program to a record $25 billion. JD.com (NASDAQ:JD) and Pinduoduo (NASDAQ:PDD) also rose on Tuesday. Tesla (NASDAQ:TSLA), meanwhile, jumped more than 5% after the electric vehicle maker officially opened its Gigafactory in Berlin. The move is expected to boost Tesla’s market share in Europe. The opening of Giga Berlin “should further vault its market share within Europe over the coming years as more consumers aggressively head down the EV path,” Wedbush said in a note Monday. On the earnings front, Nike (NYSE:NKE), a sizeable Dow Jones index component, rose more than 3% after reporting better-than-expected quarterly results. “Recent results and commentary from senior leadership of the company show clearly that NKE is managing well various external headwinds, including ongoing supply chain distributions and geopolitical tensions, across the globe,” Oppenheimer said in a note. “We are optimistic that money will soon flow back into NKE shares.” Energy stocks gave back some of their gains from a day earlier as oil prices turned negative. But losses were kept in check by fears of an oil supply shortage as the European Union mulls joining the U.S. in banning Russian oil.
ULong
by INDEX_INSIDERS
2
Daily Market Update for 3/18Summary: The Nasdaq had its best week since November 2020, rallying more than 10% from Monday's low to close with a +8.18% gain. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Friday, March 18, 2022 Facts: +2.05%, Volume higher, Closing Range: 99%, Body: 89% Green Good: High volume advance, great closing range Bad: Nothing Highs/Lows: Higher high, Higher low Candle: Mostly green body, tiny lower wick, no upper wick Advance/Decline: 1.86, more than three advancing for every two declining stocks Indexes: SPX (+1.17%), DJI (+0.80%), RUT (+1.02%), VIX (-7.01%) Sector List: Consumer Discretionary (XLY +2.11%) and Technology (XLK +2.05%) at the top. Energy (XLE -0.09%) and Utilities (XLU -0.85%) at the bottom. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview The Nasdaq had its best week since November 2020, rallying more than 10% from Monday's low to close with a +8.18% gain. The tech-dominated index rose +2.05% for the day. Volume was much higher thanks to a quadruple witching day where derivative contracts all expire the same day, causing an increase in volume. The candle is 89% green body with a 99% closing range, leaving behind a small lower wick created right after the market opened. The S&P 500 (SPX) climbed by +1.17%. The Dow Jones Industrial Average (DJI) rose by +0.80%. The Russell 2000 (RUT) advanced +1.02%. The VIX Volatility Index fell further, declining -7.01% today. Nine of the eleven S&P 500 (SPX) sectors gained today. Growth sectors led again with Consumer Discretionary (XLY +2.11%) and Technology (XLK +2.05%) at the top of the sector list. Energy (XLE -0.09%) and Utilities (XLU -0.85%) were the two declining sectors. Existing Home Sales for February declined -7.2% month-over-month. Much more than the forecast of a -1.0% decline. Brent Oil remained above $100, closing at $105 today. The US Dollar index (DXY) gained +0.22%. The US 30y and 10y Treasury yieldS declined while the 2y Treasury yield advanced. High Yield (HYG) and Investment Grade (LQD) Corporate Bond prices advanced. Gold and Silver declined. Timber continues to rise back toward its 2022 highs after dropping sharply this month. The put/call ratio (PCCE) declined to 0.676. The CNN Fear & Greed index is in the middle of the Fear range as it moves back toward neutral. A drop in market volatility and less demand for safe-haven assets is driving the move in the index. The big six made significant progress in their charts today. Nvidia (NVDA) is outperforming in the current rally, gaining +6.81% and well above its moving average lines. All six are above their 21d exponential moving average. Five are above their 50d moving average. Three of the six are above their 200d moving average. Alibaba (BABA) topped the mega-cap list with a +7.90% gain, beating out Nvidia for the top spot. Verizon Communications (VZ) was at the bottom of the list, declining -2.98%. In the Daily Update Growth List, UP Fintech (TIGR) was at the top. The company benefited from both the momentum in Chinese stocks and a great earnings report and outlook. The stock soared +33.66% today. The stock is up +73.42% for the week and over 100% from its low on Monday. The other Chinese stocks in the list also dominated the top spots. Only two stocks declined in the growth list, Solar Edge (SEDG) declined -0.66% and Penn National Gaming (PENN) lost -0.11%. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead There is not much economic data scheduled for Monday, but Fed Chair Jerome Powell will speak in the morning. Nike (NKE), Pinduoduo (PDD), and Tencent Music Entertainment (TME) report earnings on Monday. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq moved above the 13,800 and closed right just above the 50d moving average line. The one-day and five-day trend lines and the trend line from the 3/14 low all point to a gain of around 2% on Monday if the current momentum continues. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up I thought there might be a pullback in indexes today as investors take profits and protect from war news over the weekend. The optimism and high volume from expiring derivative contracts were enough to keep the strong rally from Monday's low alive. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
Looking down the road for a NKE reversalI hate talking about water under the bridge, but this time I will bring up the case of NKE. What I am disgruntled about is that I I didn't head my own (documented) thoughts on NKE that I had posted on Jan 19: Depending on how you look at it, there has been 4 times that puts below 144 would have worked out wonderfully. The time, I thought I push to 135 would hold as support but that has proved wrong. I hate to chase so I am looking forward to a reversal. I do want to point out a possible future long.... **__Price History: __** **YTD** -24% **1 Month** -14% **3 Month** -26% **6 Month** -23.5% **1 Year** -7% **5 Year** +121% +01% off 52 week low -30% off 52 week high Recently a gap was filled - previously created in June 21' and fully filled Feb 21' Dividends are here! Historically over the past year NKE has seen a sell off proceeding ex-dividend periods. I won't speak too much on this outside this isolated observation - MM hedging around this period can make the options chain hard to read. Ex-Div. Date Amount Type Yield Change Rec. Date Pay. Date 3/4/2022 $0.305 Quarter 0.9% N/A 3/7/2022 4/1/2022 **__Indicators__** - 3 Day Chart **Moving Averages** Easily summed up as trading below all MA's, the 12/26 EMA, 50/200 SMA, and 9 HMA The most import to note is the break of the current 3 Day candle below the 200 SMA. A failure to recapture the 200 SMA by the close of this candle could set up NKE for further selling pressure before earnings. **RSI** Showing signs of being oversold on its current candle and has been hovering right above oversold for over 30 days now - no divergence present currently **SO** Shows oversold conditions since early Jan 21' and the break below its 50 SMA. The SO remained relatively the same since. **QQE** Shows momentum to the downside. When compared to the ATR and RSI, the QQE makes sense in this case. There are very little signs of a momentum shift that is imminent. **ATR** Specifically the decomposed ATR we see that the stock (recently) has had increasingly bearish range with decreasing bullish range - there is no divergence apparent (yet). 1 year ago NKE was trading at SIMILIAR price levels with about less $2 of bearish price movement as compared to today. The important thing to note here is that there seems to be compounded bearish pressure present causing additional volatility on red days. **OBV** Tracking price closely with no signs of major divergence, although the OBV is declining telling us that volume on down days is getting stronger - thus influencing the ATR (IMO) **__Thoughts on Price Momentum and Direction__** **Candles** The 1 month chart shows a current candle that has opened below and trading below the open of the June 2021 monthly candle - I would look for 122.44 to act as support if bearish momentum continues. This is a level that a reversal could be looked for. Any CLOSE of the March monthly candle below 122 would make me feel like the selling pressure would continue. The 50 MA on the monthly chart could also be used as a level of (possible) support. $122(+- The 3 day chart shows a current candle with 1 more trading day left - Bulls would want this to close above 128 ( Local Support from 1 year ago) and bears would obviously want to close the candle below - again, closing below $122 would indicate continued selling pressure. Since the gap is filled, the biggest highlight here is holding support (122) or not. **Earnings** Historically, NKE has had a beat on earnings for the past 6 reporting periods. EPS reporting turned $0.90, $0.93, $1.16, $0.83 were reported period ending Feb 21, May 21', Aug 21', and Nov 21' respectively. Although the Nov 21' earnings beat, it was down from Aug 21. Estimates now show $0.72, a slightly higher bar than Novembers' expectations but down from what was reported. This to me just says that analysts are expecting the effects of COVID, the labor market, and overall transportation costs to weigh heavily on NKE's earnings. It is also important to note that no dilution has occurred in the last year. **Insiders** According to **__Fintel: __** Shares Outstanding 1,581,295,273 shares Insider Shares 251,328,587 shares Insider Ownership 15.89% Total Insiders 48 "**Insider Accumulation Score** According to Fintel: "The Insider Accumulation Score is the result of a sophisticated, multi-factor quantitative model that identifies companies with the highest levels of insider accumulation. The scoring model uses a combination of the the net number of insiders buying the prior 90 days, the total shares bought as a percentage of float, and the total shares owned by insiders. The number ranges from 0 to 100, with higher numbers indicating a higher level of accumulation to its peers, and 50 being the average." Score: 8.88 (12942 of 13931) - as reference the top rated ticker REFI has a score of 99%+ Although higher insider ownership typically signals more confidence in a company's outlook and ownership in its shares. The more insiders that hold shares the more they would be (in theory) incentivized to do good for the company and help increase its profitability and shareholder value. **Net Number of Insiders Buying (Rank)** -3 (3.38%) 13784 out of 14266 Net Number of Insiders Buying is the total number of insiders buying minus the total number of insiders selling in the last 90 days. The percentile rank is shown here (range from 0 to 100%). **Options** TOTAL OI -527K Call 272K Put 255K P/C RATIO - 0.94 Most significant chain activity on 3/7/22 : The 3/25/2022 strike P $135.00 had a previous day volume of 930, OI of 1,583 and a current OI of 2,243 for a overall charge of +660 (+41.69%) The 3/18/2022 strike P $125.00 had a previous day volume of 1,376, OI of 3,655, and a current OI of 4,309 for an overall change of +654 (+17.89%) Top 10 chains by OI **Chain Bid-Ask Low-High Vol OI** 3/18/2022 C $160.00 $0.00-$0.03 $0.02-$0.06 24 23,946 3/18/2022 P $160.00 $35.25-$35.90 $34.90-$35.70 25 18,805 1/20/2023 C $180.00 $2.35-$2.73 $2.40-$3.25 108 11,596 3/18/2022 C $150.00 $0.03-$0.04 $0.03-$0.15 1,220 11,313 1/20/2023 C $165.00 $4.10-$4.40 $4.10-$5.00 17 11,107 3/18/2022 C $140.00 $0.14-$0.21 $0.19-$0.72 267 10,462 6/17/2022 C $125.00 $10.00-$10.40 $9.85-$10.40 217 10,433 3/18/2022 P $140.00 $15.40-$15.90 $9.60-$16.02 123 10,040 3/18/2022 C $155.00 $0.01-$0.02 $0.02-$0.08 58 8,876 3/18/2022 P $150.00 $25.00-$25.95 $21.07-$25.30 22 7,218 What is important to note here is the $160 Puts and Calls holding the highest OI - premium heavily favoring the Put side. **__Further Observations__** I see NKE continuing its downward trend to test 122. This is a critical level that could start to form support in order for a reversal. An official reversal to me would come with a 3Day candle closing opening above 122 and a close above 135-137. On the monthly, to be more conservative, confirmation would come with a candle close above $150. The QQE on the monthly chart has just flipped (negative) showing (again) bearish momentum - this I do not like if I were to look for a long position too close to the (assumed) $122 support level. I do think, with the right patience, a comfortable long could be taken at confirmation of reversal (early at 135, late at 150) to test ATH's again (179.10). This could equate to a 20-30% gain in full - this is what I will be targeting. **__NFA Disclaimer__** This is NOT FINANCIAL ADVISE. These are my own unique opinions based on MY observations and MY experience. I only wish to document and share my thoughts on NKE. DO NOT take this is as a buy or sell signal, you must manage and take responsibility for 100% of your own trades.
NYSE:NKELong
by OccamsPhazer
1
Victoria Secrets sales are boomingtarget $70 after earnings next week. stocks being bought up by most hedgies and at that a solid price.... After its departure from Lbrands which has been very successful in the past with bed bath and beyond i feel victoria secrets is going to and have already put all this into one and kind of making a Nike move. I believe in the years to come well see more stores like bed bath and beyond but created by victoria secrets and bed and bath will go out of business. We can see some major upside in this stock long term.
NYSE:VSCOLong
by ismartinvesting
double down at .14cents i dont care what the rest of the market is doing ( that is never the case for me) but .14 is such a steal I cant even explain it and never will be able to so like NIKE just do it... This new eco transfer to L2 cost 2 or 3 usd instead of 30 to 70n usd in eth, then 5 usd back down. it takes a few mins and same for dropping back to your layer one meta mask after playing on your layer 2 meta mask via zkspace decentralized exchange or "DEX" for me the ability to do quick cheep DEX swaps is empowering as hell so get in where you fit in and lets Rock n Roll. _HGM 0Ut_
ZLong
by HustleGrindMomentum
Peloton (PTON) - Rising in the time of uncertainty 🤷-Great interest on this stock but is it worth it? Well lets take a look at the company and the situation. -Peloton’s shares soared almost 21% on Monday, closing slightly above the company’s debut price of $29, as the beaten-down connected fitness company attracts interest from outsiders. -Thus far, reports have named Amazon and Nike as potential suitors. One analyst thinks Apple is “aggressively involved,” too. But all talks are preliminary, and Peloton has yet to kick off a formal sales process -For one, CEO John Foley along with other Peloton insiders had a combined voting control of roughly 80% as of Sept. 30, making it practically impossible for any deal to go through without their approval. Baird analyst Jonathan Komp said in a research note on Monday that Foley likely won’t be willing to sell, unless there is enough internal pressure stemming from Peloton’s recent stock sell-off. -Financially company is not really doing well as the Q2 2022 results were a total disaster with an EPS of -33% and Earnings -1.51%. This year alone the stock fell 79% from its former price point. Another big issue financially is that the company is not in profit and won't be for the future 3 years. With the current economical situation where the economy might get unstable after the rate rise, any unprofitable company is at a great risk. Golden rule, positive cash flow is the king! But we think the biggest issue is that they have less than 1 year of cash runway.. -Revenue vs Market: PTON's revenue (16.9% per year) is forecast to grow faster than the US market (9% per year). This is good! -High Growth Revenue: PTON's revenue (16.9% per year) is forecast to grow slower than 20% per year. Not so good for a company that is expected to grow faster than the industry and the market average. Our Target Price: 1st Target: $35 2nd Target: $24
NASDAQ:PTONShort
by caldooninvestment
2
Daily Market Update for 2/7Summary: Small-caps outperformed while Meta continued to weigh on major indexes, creating a volatile day for equities. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Monday, February 7, 2022 Facts: -0.58%, Volume higher, Closing Range: 16%, Body: 39% Red Good: Higher high, higher low, advance/decline line Bad: Decline on higher volume, closing range Highs/Lows: Higher high, Higher low Candle: Longer upper wick over a red body, low closing range Advance/Decline: 1.43, almost three advancing stocks for every two declining stocks Indexes: SPX (-0.37%), DJI (+0.00%), RUT (+0.51%), VIX (-1.55%) Sector List: Energy (XLE +1.28%) and Financials (XLF +0.30%) at the top. Technology (XLK -0.66%) and Communications (XLC -1.74%) at the bottom. Expectation: Sideways -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Small-caps outperformed while Meta continued to weigh on major indexes, creating a volatile day for equities. The Nasdaq was down -0.58% for the day. Volume was higher for the day. A rally in the first 20 minutes created a long upper wick and a higher high than the previous day. The rally faded and eventually the index sold into the close, creating a closing range of 16% under a 39% red body. Despite the decline with higher volume, there were almost three advancing stocks for every two declining stocks. The Russell 2000 (RUT) outperformed for the day as small-caps got some attention, lifting the index by +0.51%. The S&P 500 (SPX) declined -by 0.37% while the Dow Jones Industrial Average (DJI) ended the day flat. The VIX Volatility Index declined -by 1.51%. Five out of the eleven S&P 500 indexes advanced. Energy (XLE +1.28%) and Financials (XLF +0.30%) were the best two sectors. Technology (XLK -0.66%) and Communications (XLC -1.74%) were at the bottom of the list. The US Dollar index (DXY) declined -by 0.07%. US 30y and 10y Treasury yields rose while the 2y Treasury yield declined. High Yield (HYG) Corporate Bond prices declined. Investment Grade (LQD) Corporate bond prices increased. Crude Oil Futures finally declined a big after climbing sharply last week. Aluminum Futures hit a high for 2022. The put/call ratio (PCCE) declined to 0.729. The CNN Fear & Greed Index remains in the Fear range. Of the big six mega-caps, only Amazon (AMZN) ended the day in the positive, gaining +0.19%. Meta (FB) dragged the market down with a -5.14% decline. Alphabet (GOOGL) dropped back below its 50d MA with a -2.86% decline. Novo Nordisk (NVO) was the top-performing mega-cap for today. At the bottom of the mega-cap list was Alibaba (BABA), declining -by 6.05%. Peloton (PTON) topped the Daily Update Growth List with a +20.93% swing to the positive. Rumors emerged this weekend that several companies, including Amazon and Nike, were looking at a potential acquisition of the beaten-down company. The biggest loser in the Growth List was RobinHood (HOOD), dropping -by 8.37%. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead Crude Oil Inventories will be available after the market opens tomorrow. Two Fed officials (Bowman and Mester) speak in the morning. There is a 10-year note auction scheduled for the afternoon. Toyota (TM ), Walt Disney (DIS), CVS (CVS), GlaxoSmithKline (GSK), Uber (UBER), Honda (HMC), Yum! Brands (YUM), Twilio (TWLO), and Zynga (ZNGA) are some of the significant earnings reports for Tuesday. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The index whipped up and down today in a sideways move, ending with a sell-off at close for a decline. If the index returns to the trend line from the 1/24 low, that would mean a +2.56% gain for tomorrow. The one-day and five-day trend lines point to a -0.37% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up Investors can expect more twists and turns as the market rotates from one risk asset to the next, looking for returns while reducing exposure to Inflation and Interest rates. The expectation for tomorrow is Sideways. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321
What's the big deal?A big part of trading in the crypto space is patience. As more technology is developed and BTC becomes more antiquated in comparison, the growing pains are par for the course given that ALTS are still attached, using BTC price as an indicator. I also don't think it is going to be as bad of a transition given Intel's new chip on the horizon? The metaverse is seeing huge institutional investment and MANA is just beginning. How it reacts to the overall market is indicative of a "newish" token. There isn't a lot of data to offer support in the current price range so it really comes down to BTC. I've been wanting BTC to hit $29k for months...just to get it over with. It may bounce off $35k in the next day...or continue down towards 29-30k? I don't see these dips as "crashes," just the evolving pattern that is still very much intact. In previous downtrends that lead to the ominous Crypto Winters (so dramatic), this industry was super speculative without a whole lot of understanding of the technology being developed, near zero adoption, and certainly lacking clear vision as to the potential of the space. People are beginning to understand, adoption and innovation is beginning to flourish. Nations and big businesses are looking toward blockchain for real solutions and industries are building in the metaverse. Today's chart is to just chill everyone out. 56% drops seem to be the magic number before a rally. The "fake out" on Jan 15/16 was disappointing but to no fault of what's actually happening in the metaverse space. Some analysts are calling for $1.5...why? Just because it was where MANA took a breather on its ascent to $5? That's stupid. What is MANA worth? I have no idea as to its intrinsic value. I do know that companies like Adidas, Nike, Samsung have done their research and feel it is worth something. We don't know where the bottom is and as I've said this before with ADA, anything under $2 is a bargain. Even at $1.50, MANA's price would still fit into the bullish descending wedge in the next few days. A drop to $1 would turn that wedge into a channel and trigger the bots to do their thing, bringing MANA back above $3 or even $5 in the short term. I used to say the same about ETH with $200, then $450, and then $2500 within a year's time...each bargain prices. It doesn't so much matter where you buy as much as where you sell. To freak out is to think MANA will never hit $6. If you don't think it will, why did you buy at $4.35? Crypto is going through its cycle and the world is watching more than ever. I'm also not worried about Biden's regulations. As much as I'm not a fan philosophically, I think it will ultimately be good for crypto investors, offering slightly more security which will lead to more innovation and adoption. Also, besides this not being financial advice, know that there are so many unknowns. People will figure out the advantages of anti-inflation and buy versus sell when the news of inflation tanks Wall Street...so yeah, some things are counterintuitive as this industry grows and people will catch on as they become more educated.
MLong
by keykomg
A Trend-Reversal for Nike expected!A lot of analysts are pretty sure that NKE is a solid long-term investment. But in the past week and a half, there was a huge price-drop. and the latest daily candles don't look too promising ... three Dojis and a red candle - pretty indecisive. But there is a bullish Signal - a bullish Divergence of price vs CCI. Looking at the past two bullish CCI Divergences, both were followed by huge gains. And now RSI is oversold, so maybe a good time to go long with NKE.
NYSE:NKELong
by TradingClue
Daily Market Update for 1/10Summary: Markets dipped in the morning, but the Nasdaq rallied in the afternoon to close the day with a small gain. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Monday, January 10, 2022 Facts: +0.05%, Volume higher, Closing Range: 97%, Body: 45% Green Good: High closing range, end day in positive on higher volume Bad: Dip below the 200d simple moving average Highs/Lows: Lower high, Lower low Candle: Long lower wick under a thick green body, high closing range Advance/Decline: 0.55, about two declining stocks for every advancing stock Indexes: SPX (-0.14%), DJI (-0.45%), RUT (-0.40%), VIX (+3.41%) Sector List: Health (XLV +1.03%) and Technology (XLK +0.02%) at the top. Materials (XLB -1.02%) and Industrials (XLI -1.13%) at the bottom. Expectation: Sideways or Lower -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview Markets dipped in the morning, but the Nasdaq rallied in the afternoon to close the day with a small gain. The Nasdaq closed the day with a +0.05% advance. Volume was higher than the previous day, returning to the 50d average volume. The index dipped below the 200d moving average for the first time since the March 2020 correction. However, it recovered to close slightly higher for the day. That created a long lower wick under a 45% green body and a 97% closing range. There were almost two declining stocks for every advancing stock. All major indexes dipped in the morning and recovered in the afternoon, but only the Nasdaq finished the day positive. The S&P 500 (SPX) declined -0.14%. The Dow Jones Industrial Average (DJI) fell -0.45%. The Russell 2000 (RUT) lost -0.40%. The VIX Volatility Index rose +3.41%. Only two of the eleven S&P 500 sectors gained for the day. Health (XLV) rose +1.03% and Technology (XLK) gained +0.02%. At the bottom of the sector list was Materials (XLB -1.02%) and Industrials (XLI -1.13%). The US Dollar Index (DXY) rose +0.22%. The US 30y and 10y Treasury yields declined while the 2y yield advanced. High Yield (HYG) Corporate Bond prices advanced while the Investment Grade (LQD) Corporate Bond prices declined further. The put/call ratio (PCCE) rose to 0.753. The CNN Fear & Greed index moved to the Fear side of Neutral, but remained at Neutral. Three of the four largest mega-caps ended the day with gains. Alphabet (GOOGL) gained +1.21%. Microsoft (MSFT) and Apple (AAPL) had smaller gains of +0.07% and +0.01%. Amazon (AMZN) declined -0.66%. Intel (INTC) was the top mega-cap for the day, gaining +3.31%. Tesla (TSLA) was second on the mega-cap list, climbing +3.03%. Nike (NKE) was at the bottom of the list with a -4.16% decline. Zynga (ZNGA) blew away the Daily Update Growth List with a 40.67% gain after Take-Two Interactive (TTWO) announced a $12.7b acquisition of the company. That's almost twice the market cap for Zynga at the beginning of the session. Take-Two Interactive dropped -13.13% on the news. Surprisingly, the Growth List was mostly gainers. The biggest loser was DraftKings (DKNG) with a -4.07% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead Three Fed members, including Fed Chair Jerome Powell, are scheduled to speak tomorrow. The EIA Short-Term Energy Outlook will be released at noon. Albertsons (ACI) will release earnings tomorrow. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance Despite the morning dip, the index was in an uptrend the remainder of the day. If the one-day trend continues into Tuesday, we can expect a +1.81% advance. The trend line from the 12/18 high points to a -1.30% decline. The five-day trend line results in a -3.53% decline for Tuesday. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up It was an odd day for the market. The Nasdaq dips below its 200d simple moving average, only to recover and close the day with a slight gain. More odd is the number of growth stocks that had significant gains for the day. Seeing big gains for Intel, Tesla and Adobe, while the indexes showed stress is perplexing. Were investors buying the dip and getting positioned back for growth? Or is it a bull trap and further selling is on the horizon? Based on the chart, the expectation for tomorrow is Sideways or Lower. The intraday uptrend (on higher volume) gives some hope, but the overall trend in the chart is still down. Stay healthy and trade safe!
NASDAQ:IXIC
by drewby4321