Just Scam It.Looks like Nike has probably bottomed and is in the process of scamming bears as it jogs past their stops.
Search in ideas for "NIKE"
XLY ETF - Strong Bullish Pattern - Price Target $320XLY is one of the best consumer discretionary ETF (holdings include – Amazon, Tesla, Nike, etc.) you can buy. The ETF is showing a significant accumulation and will move higher. The price target is $320 by 2025.
Running Correction over and now bullish ADYENNon Financial advise. Do your own diligence. I am long this stock.
Adyen (ADYEY) is a global payments platform that provides a single solution for accepting payments online, in-store, and on mobile. The company's platform is used by some of the world's leading brands, including Nike, Spotify, and Uber.
Adyen has been growing rapidly in recent years. In the past year, the company's revenue has grown by over 50%. Adyen's growth is being driven by the increasing adoption of e-commerce and the growth of mobile payments.
Adyen is well-positioned to continue to grow in the years ahead. The company is benefiting from the secular trends of digitization and the growth of e-commerce. Adyen is also well-positioned to capitalize on the growth of mobile payments.
Adyen is a high-growth, disruptive company with a strong track record. I believe that Adyen is a good investment for investors who are looking for exposure to the payments sector.
Here are some of the reasons why I am bullish on Adyen:
Strong growth: Adyen has been growing rapidly in recent years. In the past year, the company's revenue has grown by over 50%.
Innovation: Adyen is a leader in innovation. The company's platform is constantly being updated with new features and capabilities.
Strong management team: Adyen has a strong management team with a proven track record. The company's CEO, Pieter van der Does, is a former executive at McKinsey & Company.
Competitive advantages: Adyen has a number of competitive advantages, including its global reach, its strong brand, and its proprietary technology.
Valuation: Adyen is currently trading at a valuation that I believe is attractive. The company's stock is trading at a price-to-earnings ratio of just 30.
Overall, I believe that Adyen is a good investment for investors who are looking for exposure to the payments sector. The company has a strong track record of growth, a strong management team, and a number of competitive advantages. I believe that Adyen is well-positioned to continue to grow in the years ahead.
Here are some of the risks to consider before investing in Adyen:
High volatility: Adyen is a high-volatility stock. The value of the stock can fluctuate significantly in the short term.
Competition: Adyen faces competition from other payment providers, such as PayPal and Visa.
Regulatory risk: Adyen is subject to regulatory risk. Changes in regulations could impact the company's business.
Investors should carefully consider these risks before investing in Adyen.
$XLY Consumer Discretionary AMEX:XLY
Top 10 holdings:
Amazon.com, Inc.24.65%
Tesla, Inc.13.65%
Home Depot, Inc.8.97%
McDonald's Corporation4.71%
NIKE, Inc. Class B4.55%
Starbucks Corporation3.91%
Lowe's Companies, Inc.3.88%
Booking Holdings Inc.3.27%
TJX Companies Inc2.92%
O'Reilly Automotive, Inc.1.88%
Top 10 Sectors
Retail Trade49.52%
Consumer Services21.77%
Consumer Durables20.56%
Consumer Non-Durables4.93%
Producer Manufacturing1.25%
Distribution Services1.18%
Electronic Technology0.51%
Non-Energy Minerals0.16%
ETF/Mutual Fund or Others0.12%
2021 ATH Anchored VWAP (orange)
2022 August highs Anchored VWAP (green)
Currently trading above: 50DMA, 100DMA, 200DMA
2021-2022 Downtrend channel broke (0 resistance line), breach of 0 trendline (resistance) tends to push the price to -0.272 or -0.618 for more extended move before bouncing back and retest 0 trendline. It did it perfectly: broke 0, hit -0.272, bounced back to 0, before climbing toward -0.618. Each breached channel turns into resistance (Principle of Polarity).
Polygon: a bright future or forgotten technology? Polygon is the first Layer 2 blockchain. The initial placement of the project took place on April 24 2019, on the Binance Launchpad platform and two years later, on December 27, 2021, an ATN of 2.92 USDT was reached.
Project development dynamics
For several years, the project was for the most part, if not in oblivion, then in the shadow of other similar and all sorts of "killers of Ethereum". The project reached a wave of success in 2021, having caught the eye of large public investors and built partnerships with popular brands. In May and June 2021, Polygon received support from billionaire investor Mark Cuban, who revealed plans to integrate his NFT Lazy.com platform with Polygon. To date, Polygon has various partnerships with:
Adobe Behance
DraftKings
Alan Howard's hedge fund, to develop Web3 projects
Stripe launched global cryptocurrency payments through Polygon.
Fashion brands: Adidas Originals, Nike, and Prada have launched NFT collections on Polygon.
Instagram is also partnering with the project at NFT.
Polygon is partnering with Niger to develop a blockchain ecosystem for the country's future.
Aave, Curve.Fi, Decentraland, Sandbox, OpenSea and Uniswap have chosen Polygon as their scaling solution.
Polygon has partnered with Salesforce, which delivers customer relationship management (CRM) software.
Citigroup published a report in April 2022 describing Polygon as AWS
Web3. It is claimed that the Metaverse economy, by 2030, will reach $13 trillion, with much of it developed on the Polygon network. Citigroup also believes Polygon will become widespread because of its low transaction fees and developer-friendly ecosystem.
A report from blockchain analytics company Messari, showed that in the third quarter of 2022, the number of active MATIC addresses increased by 180% in the second quarter, and the total number of transactions for the quarter was 2 billion.
In 2023, despite the market correction, the project has made significant strides, both in development and partnerships. In the last couple of weeks, partnerships have been reached with Google Cloud and Franklin Templeton to tokenize large-scale financial products for its DeFi, etc.
Sotheby's, which accounts for 24% of the world's art auction sales, announced that its trading floor has launched on Ethereum and Polygon.
Polygon's GitHub has recorded a significant increase in the number of code commits and the number of kernel developers since early May.
Recent technical news for the project has been the launch of Polygon zkEVM, a zero-disclosure scaling solution equivalent to the Ethereum virtual machine. This means that most existing smart contracts, developer tools, and wallets will be able to work seamlessly. Polygon zkEVM leverages ZK proofs to reduce transaction costs and increase throughput while keeping Ethereum secure.
Polygon launched three updates on May 3 to make it easier for developers to integrate decentralized identity into dApps: new features in Polygon ID infrastructure tools that include improved integration, UX, and a host of new tools to help developers who build dApps.
A new issuer node interface that will make it easier to set up, manage and work with the issuer node. In addition, push notification support is provided in the mobile SDK and in the app reference implementation.
Developer tools and updates such as JWZ Validator, Polygon ID smart contract deployment on the core network and the recently announced PolygonID DID resolver.
Outlook for Matic
Today, the L2 solutions niche is actively filling and expanding, with projects and their ecosystems competing with each other for developers and users to form a better L2 ecosystem.
Matic's direct competitors, Optimism and Arbitrum, launched in mid-2022 and March 2023. These projects, as well as Matic, aim to make transactions cheaper and increase throughput. After the release of these projects, Matic actively began to lose the volume of transactions within the blockchain and the number of unique active addresses.
Zero Knowledge-based projects zkSync and StarkNet are currently being prepared for release and will also be in the L2 solution race.
Matic lost its unique advantage of being the only project with the best user experience and now the project team is looking to create partnerships with established web2 businesses and prepare projects for mass adoption. Only with these products, Matic will be able to regain its dominance amongst the other L2 solutions.
At the moment, the price of Matic is approaching the key support zone of 0.78-0.68. Potential zones for growth are shown on the chart in terms of historical analysis.
All Major Indices Look WeakSimple curves applied in order to maximize contact points on the lower and higher sides of the curved support/resistance lines. Sure does look like a Nike swoosh, and price has obeyed this shape.
Let’s forget the going-ons in the world that might fundamentally impact the markets; all major US indices share this relative shape, and from a purely technical standpoint, the prognosis does not look great for the short term.
Hot pink lines uncover an ascending wedge (bulls running out of steam at a similar rate to bears picking up steam). Volume backed divergence against price on RSI and MACD.
Short and sweet, just my thoughts. Cheers
Msft pullback then complete the moveWill most likely close the gap at 310.88 this, but I expect a pullback first.
My targets are 302.50,
below 302 and 297-299 trendline retest
Daily RSI is near its reversal area
Either it bounces at 302 or 298 but I expect a Nike check ✅ to close the 311 gap.
Could melt up to 315 but I expect a major correction after that.
The power of INFLUENCERead these articles here , here and here
The last article was a worthy read having compared the difference between a celebrity and an influencer. For an established brand like Nike, Pepsi, LVMH , I think they are likely going to stick to their advertising agency but are exploring using metaverse influencers to tap into the Gen Z markets. Times have changed and the once upon a time famous celebrities are facing competition from the other spectrum, the online social media influencers.
In my opinion, Live streaming is a big game changer and CHINA is at the forefront of this trend years ago and it slowly spreads globally. Now, you can find all sorts of things and services being sold via live streaming. And this is powerful. Like the platform business of Food Panda and Grab,etc, it creates job opportunities for many especially during the Covid-19 seasons.
You need not have a degree or special skills and still able to rake in a decent income if you put in the hours. Luxury goods did not suffer much during the pandemic , see their strategies here . In marketing, we call this stickability. That means the consumers are so stick to your brand that the major part of the budget goes to your brand and unlikely to shift to another brand in the foreseeable future. And which brand owner wouldn't want that?
LVMH is one such great company. I covered this stock back a few years ago and it has seen rocketed more than 135% in profits thus far. I will accumulate more when there is a price retreat.
Think thrice before venturing out to be a F&B entrepreneur
I have total respect for many upcoming F&B entrepreneurs who keep coming up with new cuisine to the very competitive market in Singapore. Beside the soaring rentals they have to pay, there are also workers' problems they need to manage.
And you constantly have to think how to attract more and more customers to your stall. Not forgetting you are much like a tree, planted in one location (before you expand to multiple location like franchise), you have to choose your fertile ground and be familiar with the existing demography and future one in your location.Tough. Very very tough and definitely not for the faint hearted.
Now, if you tell your friends you are a business owner of many global giants like Nike, Amazon, Apple, Tencents, etc , what do they think of you? There are no proper record or at least it is hard to find out (imo) who are the full time business owners in this area. Afterall, you need not register a company to do investment, no tax to pay for all your profits made so you are pretty much under the radar.
And the social media dislike what's under the radar, they stick to sensational news , negative news that sent shivers down the spine. Who wants to read about the beautiful park that has new fitness equipment installed? People will be curious to know what attire will the celebrities be wearing on the Golden Globe Awards night or this artiste is secretly dating the boy band solo singer! Gossips sells since the dawn of day.
Of course, do not get me wrong! I am not saying investing in individual companies is EASY but imo it is definitely much EASIER than starting a F&B business. The tension, stress, pressure is 1000% lower. Also in the event of your capital loss - say 100%.
You pay upfront 6 months rental , non refundable to select your location. Add in your renovation costs, equipment ,etc. All these fixed and sunken costs need to be recovered through your revenues. And you have to pray everyday business is good, marketing , PR campaigns , budgeting, IT , cash management, logistics , OMG - the list goes on.
Success leaves trails and the three major indices of USA have been around for many years. In the long term , all are generating you a 3 digit profits provided you stay on the course and not attempt to time the market.
Assume you invest 1000 each month for 30 years in the SPX500 index and at an average annual returns of 6% (conservative) , you would gain a compounded return of HKEX:974 ,512 (almost a million dollars).
No rental to pay
No equipment costs
No workers to manage
No customers to chase
No accounts to check
No salaries to pay
No logistics issues
No competition to worry
Financial literacy is such an important subject that I wonder with all these AI , ChatGPT, machine learning subjects now available in schools, yet the emphasis on Finance is so limited.
I wonder if this is only in Singapore or is it pretty much the same in your country as well? How do you get acquainted with investing? Happy to hear different views.
SPYI'm looking at a gap close of 403.70 this week then a push up to 413-415.
There's two gaps from February 2/8 and 2/16.
4hour cci overbought and curling over
4hour macd turning bearish
4hour MFI overbought levels
Depending on how fast we fall 403 will be near supporting trendline from 380 low.
Some relevant angles
Thursday was pure fawkery from the start. Most tech names including tech sectors Gapped down below supporting trendline followed by an immediate nike check buy up.
Here's Nasdaq (IXIC) and Dow jones (Dji)
The fake out
Notice how we closed right below 12,100 neckline, previous double top.. if nasdaq opens over 12,100 Monday then tech will push higher. Support is 12,030
Dow jones
You can see 33,300 - 33,600 has been it's range .. the crazy this is Thursday it gapped below wedge support also but they bought it up .. fawkery
I chalked Thursdays session up as a holiday gift from MM to retail.
If we do gap up Monday , I think 411 will be the top
Extreme overbought stocks
1.Oracle -IMO we see 92 minimum this week
2. META
3. AAPL
Bearish charts
1. Cat - closing gap at 197
2. Tsla
Bullish charts
1. Google - 111 gap close
2. WFC
Double bottom possibly to 41-43
Wait for breakout
SpyHas one more gap to close at 413 .
Short term it's overbought and due for a
pullback, eventually I expect a pullback to its yellow trendline support...
My short term pullback would be to 404
Weekly finished with 3 white solider candle pattern which indicates a possible higher high on the weekly.
Daily structure is is an inverted H&S which finishes at 414
U can't be a blind bear until the uptrend is broken ..
QQQ has a gap to close at 323 that they'll get close.
Vix hourly is showing a tight bullish wedge about to breakout
Here's the dow jones.. there's a double bottom playing out here
Which should push it up another 1%
To sum it up, the week should look like a nike check, pullback then finish at 414
NKE | Line DrawingThings to have in mind:
I've highlighted a few historic values that most analysts have in their notes.
Nike reports their earnings Tuesday AMC: I'm anticipating the market will buy the surprise.
The bandwidth is at a good value to squeeze.
$NKEIf the 4hr chart holds up i expect nike to move up over the next two weeks. The Percent Rank is moving off the bottom and interday momentum indicator is pointing up.
MATIC Long!!KUCOIN:MATICUSDT
MATIC sitting in potential cup with breakout upside to 1.76 level possible 36%.
On rejection can short to pullback for re-entry ideas for long to breakout.
Better entry, retest of breakout level. Can look to enter on break and add to position on successful retest.
LTF analysis can provide pre-breakout opportunity but watch for 21 to catch structure.
MATIC news:
1. Doritos chips becomes latest brand to launch in metaverse with Polygon-based NFTs
Polygon’s growing adoption by mainstream corporate giants including Nike, Disney, Starbucks, Coca-Cola, Meta and Reddit.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
SpyBroke clean through resistance trendline but QQQ never did. If you look at the price action , you'll see the only reason spy pullback at 413 was because QQQ Stopped at 303 (See link).
Tech is in the driver seat here.
IWM and QQQ are both overbought on 1 hour charts so if this opens in the green I expect a pullback.. My pullback targets are 407.64 and 404.50
After that, the Spy will go as far as tech will push it. Next resistance or bullish targets after the pullback will be.
415 (Resistance from last summer)
418 (Fib levels using ATH and 2020 low)
422 gap close
So I think we NIKE check with a pullback then a final 3% leg higher.
Only if we close below 402 will this setup be negated.
This melt up has been crazy! Companies having crappy earnings are rebounding like there's nothing to see here (INTC) SMH.
I lost about 260k on long term shorts and it would've been alot worse if I didn't switch and Yolo 20k on 0DTE calls today .
Even still , I'm looking for a MAJOR correction in the coming weeks. This melt up reminds of of late summer 2020 when tsla and apple announced a split; no one thought the music would ever end then wham Sept 2nd 2020!
The Nasdaq is up 15% in 30 days!! And almost outside its weekly Bollinger bands😆 ; that's not sustainable with ETF's
Qqq. 310 it isBut first we pullback and let the late bears aboard... closed at the top of the white channel after testing 303 horizontal gap resistance..
Lost a nice bit on this melt up! pullback targets are 296-294 then we finish the 310 gap close.
Set a horizontal line at 303 and go back to last June and you'll see the support , Then go to Sept and you'll see the gap.
We still haven't broken out of this channel, this channel so I'd resistance is held tomorrow I'd expect a pullback to 300 then 296; after that a melt up to 310.
Imagine a Nike Check
The 1 hour levels for the RSI and MFI here is saying a 1% pullback.
Vix 1 hour chart is oversold..
