ClearValue Team Insights
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Key Events This Week (3/4 – 3/10)
This is an important week for the financial markets with a focus squarely on employment data and the Federal Reserve’s monetary policy decisions. Here’s a detailed breakdown of the key events: ISM Non-Manufacturing PMI data (Tuesday): The Institute for Supply Management’s (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI) is a critical indicator of the economic health […]Read More
March 4 NASDAQ Update
The NASDAQ is trading near the highs of this range, well above the yellow trendline. I think there could be a pullback down towards the yellow trendline again, and if $QQQ does start trending down I want to see a breakdown below the yellow trendline. The next few days will be very important. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreMarch 4 S&P 500 Update
The S&P 500 is trading slightly above a strong resistance line. The price is likely to have a drop here, and the next few days will be very important for a rejection. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreMarch 1st NASDAQ Update
The NASDAQ had a very bullish month in February as well, and there has been a 4-month rally since breaking out of the cup-and-handle pattern. I think $QQQ could get some pullback in March, and I’m interested to see what the next few trading days look like. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreMarch 1st S&P 500 Update
The February monthly candle has closed, and February was a very bullish month for the S&P 500. However, I think the price is at a strong resistance level at this white resistance line, and there could be a strong rejection and move down in the month of March. $SPY is already at resistance, and I […]Read More
Bitcoin Rallies to $60K+ | $3.4K Ethereum | NASDAQ at Support | Core PCE Inflation Data
There is a lot of exciting price action across the financial markets. Tomorrow is an important day for January core PCE inflation data. In this market update I provide my brief thoughts about $BTC rising above $60k, $ETH climbing to $3.4k, and $QQQ sitting at a key support level as we approach tomorrow’s PCE inflation […]Read More
Feb. 29 S&P 500 Update
The S&P 500 is also having a bullish rebound, $SPY is trading directly below a white resistance line. There is some more room to trend up, the resistance target is around $510-511. ChartChamp socials: https://linktr.ee/realchartchamp If you’re interested in joining my exclusive groups, Chart Champ Trades and Chart Champ Academy, use the promo code CVI50 for a 50% […]Read More
Feb. 29 NASDAQ Update
The markets are having a bullish reaction to the core PCE inflation news. After four days of downside, $QQQ is having a bullish rebound off the yellow trendline. Usually the inflation news leads to a pump and dump so I would give the markets some time to cool off a bit. For any short-term buying […]Read More
Snowflake Inc. (SNOW) Q4 2023 Earnings Analysis
Executive Summary Snowflake Inc. (NYSE:SNOW) concluded its fiscal year 2023 on a high note, surpassing earnings expectations with a reported EPS of $0.35 against an anticipated $0.17. Despite this achievement, the company faced a significant stock price drop of 19.47% following the announcement, highlighting market sensitivities to leadership transitions and forward guidance. This analysis explores […]Read More
SQQQ Likely to Rally Into Sept. 18 FOMC Meeting
Next Wednesday we have the long awaited Sept. 18 fed pivot. Usually the markets tend to start declining in the days leading up to the Fed pivot. SQQQ could benefit by experiencing some upside next week. SQQQ has been building a support line at $8.18 with wicks forming below. September is usually a strong month […]Read More
QQQ Hits $476.31 Resistance
The odds of a 50 bps cut has increased from 14% to 45%. This is not a good sign, a 50 bps cut is an emergency rate cut that implies the Fed is cutting rates because of an emergency economic situation. Next week should be interesting to see what the Fed decides to ultimately do. […]Read More
SIRI Losing Support Despite 1:10 Reverse Stock Split
SIRI has announced a 1:10 reverse stock split, which is usually bearish for most stocks. SIRI is also losing support at a key support zone between $29.90 and $36.48. I think SIRI desperately needs to rebound around $24.50 to have any hope of climbing back above $29.90 support. If SIRI fails to remain above $24.50 […]Read More