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US Composite IndexUU

US Composite Index

19,010.08USDR
+301.74+1.61%
At close at May 13, 23:22 GMT
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IXIC trade ideas

Nasdaq Extremely OversoldThis is a side-by-side comparison of the Nasdaq daily chart from March 2009 with today (May 2022). The charts are looking very similar to one another. The heatmap on the daily chart has not been this cold since the bottom of the Great Recession. The daily plot is nearing a record low. While this daily chart cannot make long term predictions, it suggests that we are at a bottom right now and the Nasdaq is about to move back up for the coming weeks to months.
TVC:IXICLong
by SpyMasterTrades
Nasdaq Composite Overview for OtosanThis long term trend for Nasdaq is consistent through it's history. This line has acted as the bottom for both the 1990, 2000 and 2020 crashes. The only time Nasdaq went below the line was the 2008 financial crisis. From 2008-2017 the line acted as resistance (top). Here are the two scenarios (Long Term - Years) Bullish: Just like the 3 major crashes - Nasdaq will test this support which shows to be around $10,000. This would be the ultimate time to buy and statistically is the more likely option. In this scenario NASDAQ will pass it's prior high in 2024 or before (50% return). Bearish: If the $10,000 line is broken, there is no trendline and will be near impossible to predict a bottom. If we use 2007-2008 as an example, the market first dropped 20% initially (July 2007 - March 2008) and almost touched the line - the line then failed to support later that year in August. Once this line breaks after a second test or third test, all major investors dump shares as the bottom can no longer be predicted. This is why the market lost 40% from August 2008 - Feb 2009 (or a total of roughly 52% between 2007-2009). Once this happens, people should only reinvest once an uptrend starts to form. To translate this to today's market, the NASDAQ would have lost 30%+ from the tops to reach the $10,000-10,500 line, and would likely have a sharper decline to follow if the trend is broken. Summary Ultimately the tradeoff is either a 50% return in less than 4 years followed by a likely bull run. From strictly a statistic likely hood this is the more likely scenario. However, if NASDAQ breaks the support line, the most commonly used tool to predict bottoms (Fibonacci), the low is estimated to be around $2,875 or an additional 70% drop from $10,000 (80% drop from market high). This may seem exaggerated, but the same tool would have predicted a drop of price of the 2007-2009 bottom at $1,550 which is actually higher than the actual low of around $1,350. Personal Conclusion Strictly looking at chart analysis, the upside is good with the market returning to it's prior high within 4 years. However, as the recent gains were extremely fast and the following downturn was very sharp, there is also a potential of one of the greatest losses in value historically. Now if we look at the current timing and global political climate, from rising interest, supply chain disruptions to a war in Europe the risks are significantly higher than the past recessions of breaking the support line. Some of these factors can be countered by investing in companies that may counter the market for a more balanced portfolio. In short, the first priority would be to set aside enough cash (factoring for long term inflation) for the next 10-20 years outside of investment assets so that even if there is a major downturn or further inflation, you can live comfortably and stress free.
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by alexandreisobe
NASDAQ: normalization outlook, zoomed outHi, In my previous post about NASDAQ I shared my points why I removed my share holdings in October 2021, and what targets I'm looking at before taking US tech positions again (not sooner than H2 2022). Here's a zoomed out view, with some important long-term averages and a trend line I'm looking at. I'm not sure about Target 3, but that level is also possible to reach. My best bet would be that it will reach to target 2. The previous explanation. Be safe out there. Cheers, Antonio
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by antonio-schmidt
3
NASDAQ - LongThe index has most probably completed either the whole or the first phase of a correction. A daily close above 12275/570 is needed to give more credit for a recovery towards 13020 and 13640.Only a daily close above 15115 would eliminate additional losses for now and open the door to new highs. On the other hand, a daily close below 11015 would revive a downward extension to 10125 and 9580. We recommend building small long positions at market with a stop loss at 11020.
NLong
by Ratio_Trading
1
NASDAQ INDEX TREND AND WAVE ANALYSISBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer This is just idea, not trading advice, use at own risk. reasons: It is recommended to buy in this price limit It is mandatory to pay attention to the stop loss and the target marked on the chart Do not be greedy and adhere to the specified principles. I hope you will be profitable Note that there is no 100% analysis and it is possible to stop flirting This is a personal analysis and you should not enter into a transaction without review If you know this, make a purchase Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction. High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking. This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
NShort
by Sina-TFX
1
2000 vs 2022Some similarities between 2000 vs 2022 1. Before reaching ATH the index did a very sharp decline of 33% 2. It took the index 17 bars to reach an ATH vs 20 now 3. Found support on 40SMA after 9 months from ATH vs 7 now 4. Mass retail participation 5. .com mania vs crypto mania? (did luna just popped the bubble?) 6. Interest rates were falling back in 2000 vs rising now (tradingeconomics.com) 7. Inflation was not even close back then to what is is now (tradingeconomics.com) What to wait for 1. Holding or not 40SMA!!! 2. Where RSI, MACD & DMI will head towards next months 3. The index went -18.35% lower than the previous big decline which equals Nasdaq declining just above where the previous wave ended 4. It took the index 23 months by the time it touched for the first time the 40SMA to bottom which means April 2024 just 6 months before the elections When the bubble burst in 2000 nobody really blamed the "system" like in 09 simply because everybody participated in it. It's like blaming yourself! How many people have the courage to do that? Could the same be told about the current situation? Yes, governments printed trillion of money but they did not put a gun in your head telling you, it's either you invest in crypto/stock market or you are done. We participated because our friends and family did, we participated because we were greedy, we participated because we believed in a fairytale and we participated because we wanted an"exit" from the system but all we did was feed the system! I cannot really find any really strong arguments to support that the same will not happen again in the not-so-distant future. I am only thinking that if it is that obvious maybe the markets can stay irrational longer than we can stay solvent! I stand by the Tradinview's motto LOOK FIRST/THEN LEAP
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by UnknownUnicorn274312
1
Nasdaq Elliot Wave. Long against LogicI usually trade off just price action, but I find this Elliot Wave on the Daily Timeframe, too close to textbook not to be curious whether it's really a thing. The proportions of the Waves are pretty spot on with the typical standards. Despite being bearish for awhile, and in the medium term like 6-12 months out, I think we get a nice run up for awhile. There seems to be a lot of scared cash on the sidelines, if you look up the Data like the Managers Funds index etc. Could be a nice little FOMO in. We shall see, if it rips, how eager people will be to sell the Rips,...or if the sentiment changes and it's "let it ride." Humans have such bad short term memories, we can go bearish to bullish in the same given day, I know I do sometimes :)
NLong
by jbuick9
working out some kinksthe large gap at 11,187 finally filled with a bounce! good sign that the destruction in the nasdaq stocks could be nearing a turning point. real company earnings are doing quite well and most stocks have been absolutely crushed. the nasdaq 100 has held up more likely bc megacap tech has taken a beating last which likely to continue some more. good news for stocks that have been overly punished -40% or more with great fundamentals, bottoming is a process as they say!
NLong
by saltysaver
identical scenario could trigger a significant relief rallyHello trading family: After long time of being on the sidelines i decided to start preparing my shopping list for the next possible relief rally. I don't want to call it a " bull run " like we had back in march 2020 since we have a much complicated macro economic and geopolitical scenarios. we have a sky rocket inflation and a very hawkish fed , we have the war in ukraine and the lockdowns in china. take a look at the nasdaq chart. we went down about 33% during the covid crash , and we are 30% down now since the last peak in nov 2021. we can see on the chart that we about to meet again with the 200 ma. last time that happened , we enjoyed a very strong rally. lets hope we will get some green consecutive days.
NLong
by TFL2020
IXIC US Composite Nasdaq Corrects 50% from swing of 2020! Over? IXIC US Composite Nasdaq Corrects 50% from swing of 2020! Over? #IXIC #NASDAQ #US30 #RUT #SPX500 NASDAQ:IXIC corrects 50% from the swing of 2020 bottoms. Is it over? Economic fundamentals claim it has not bottomed out yet. Most of the IT stocks gave the way for this correction. #TSLA #AMZN #FB #NFLX and so on to name. Is it time for investment? Yes, for a long term holder who is not bothered with a small dips of 5-7% further fall, should start investing. Are you salaried class person with a constant earning coming every month end? Or u have a business with a strong mindset of risk management and risk handling? Be prepared with your investment plans! Personal Finances and Taxation. Earnings and Expenses. Savings and Return on Investment All are to be aligned in this latest world of increased necessities and demands with scarcity of resources. As we have always read, this is actually happening in front of us. Are we prepared? Inflation and Unemployment will tame our greed and carelessness towards resources. Investment opportunities? Ample of opportunities, waiting for appropriate investment entry. Start investing start trading. Tradingview ! #tradingview.
TLong
by Rachit_Sethia
Daily Market Update for 5/6Summary: The market continued to correct as the US Dollar strengthened and Treasury yields rose on Friday. Defensive sectors in the S&P 500 gained while other sectors sank. Notes A brief update today due to holidays and travel. I will be traveling for the next week as well but will try to keep the Daily Market Update going. 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, May 6, 2022 Facts: -1.40%, Volume higher, Closing Range: 42%, Body: 28% Red Good: Closing range is ok Bad: Lower high, lower low, higher volume sell-off Highs/Lows: Lower high, Lower low Candle: Thin body in middle of long upper and lower wicks Advance/Decline: 0.27, almost four declining stocks for every advancing stock Indexes: SPX (-0.57%), DJI (-0.30%), RUT (-1.69%), VIX (-3.24%) Sector List: Energy (XLE +2.98%) and Utilities (XLU +0.80%) at the top. Materials (XLB -1.43%) and Communications (XLC -2.06%) at the bottom. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Market Overview A brief update today due to holidays and travel. The market continued to correct as the US Dollar strengthened and Treasury yields rose on Friday. Defensive sectors in the S&P 500 gained while other sectors sank. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Looking ahead Fed's Raphael Bostic is scheduled to speak on Monday. Bostic is on the hawkish side of the Fed and could stoke fears of higher interest rate hikes despite Jerome Powell's assurance they would limit to 50 basis points. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Trends, Support, and Resistance The Nasdaq fell to 12,000 before getting support on Friday. Some analysts have forecasted 12,000 as the bottom during this correction, but time and the market will tell if that's true. The 40w EMA is at 11,750.07. The index dipped below this line only in the 2000, 2008, and 2020 crashes. If the index returns to the trend line from the 3/29 high, that would mean a +0.66% gain for Monday. The one-day and five-day trend lines point to a -0.67% decline. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wrap-up Analysts have been waiting for broad market capitulation and maybe we've seen some over the past two days, or maybe there is more to come. Watch the two levels at 12,000 and 11,750. If those levels hold, then we could see some upside from there. Stay healthy and trade safe!
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by drewby4321