On the basis of previous cycles analysis. S&P 500 index is now in the 1st wave of the new growth cycle. Technically and fundamentally now I expect the downside to $4200, but not for long. After this SPX is going to reach the $5050 price level. Then after 2nd wave correction (10%) 6 month before US President election SPX starts its 3rd wave up to $6060.
NASDAQ:NVDA finishes it's 3rd wave. Price target is between $176.6 and $178.0
NASDAQ:ARCT might rhyme its path in '19-'20 yrs Now ARCT accumulating its power to the rapid jump in the middle of 2024. Be aware, there was a drawdown in the end of '20's accumulation.
USDJPY goes down - Japanese stocks go up The annual inflation rate in Japan rose to 3.5% in April 2023. From 2015 it was near 0-1%. Companies have a lot of cash, do huge buybacks.
NIO - Chinese automaker Fundamental According to carnewschina.com in Q1 2023 year NIO sold 31,041 EVs - 2.46% only. "Nio is currently having difficult times in China. Because of the price war, its sales declined, resulting in a noticeable revenue decrease. So, Nio was forced to also join the price war by cutting the cost of every model by 30,000 yuan (4,200...
TVC:USOIL continues moving to its price target of $101.30. Then it will be in a channel for some time. After being in this channel USOIL might try to go to $108 strong price level and break it or rapidly go down to $80, or even $40. Its movement will be influenced by the possible onset of recession, a decrease in consumption by China, or the failure of the...
NDX (Nasdaq 100) 5th wave (1st wave of big 5th wave) is finishing its move on $15,250 level Then correction to $12,300 - $11,700
CRWD | CrowdStrike Holdings, Inc. CrowdStrike've just finished it's correction and is now above the MA 200. Short term target: $230 Long term target: $492 Revenue grows steadily, yearly net income soon will become positive, cash grows, geographically diversified by operating revenue.
FLKR | Franklin FTSE South Korea ETF As the Japan stock market, South Korean market is also going up. Technically, we are at the beginning of the long 3ed wave. Upside potential is near 90%.
KGC | Kinross Gold Corporation Short to $4 Technically: Finishing correction on wave C. Next strong supporting level - $3.85 Fundamentally: P/E 156.13 Profit Margin 0.20% Cash-To-Debt 0.17
PSCE - Long to $18-20 area Break the triangle edge and continue the movement to $18-20 area
In a few days COMEX:SI1! will probably break down MA 200 on 1W and go down to first $18.50 price target in its long way to $13-$16. Technically Silver Futures finishes C wave in its big correction move.
Natural Gas Futures is going to 1.84 and then starts the new growth cycle according to Elliott Wave Theory.
AA is finishing correction (wave C) and landing on $16-$22.5 price target
TVC:PLATINUM chart has crossed MA 200 and started its fallen to $828 (-16.35%) price target for 85 days. Then during 60 days it might go up to $972 (+17.50%). After that - flat for 320 day before sharp fallen. RSI and MACD are similar to the chart in 2012-2013 rectangle shape.
SDEM (Global X MSCI SuperDividend Emerging Markets ETF) While Antony Blinken is visiting People's Republic of China, it's time to look at emerging markets. Looks like emerging markets are going out of the recession. Especially South Asia countries, Brazil, Chile, Mexico. For some time it will be slow growth until US completely reload its economy. This etf...
NASDAQ:INTC reached the price target level of $40 and now is going to correct to $30-$31 in two steps. On 1D chart MACD shows its highs. 1st step: INTC - fall to $34-$35 to its MA50 2nd step: INTC - fall to $30-$32 to its MA100
Blueprint for correction in NASDAQ:FSLR $146-$163 target area