ClearValue Team Insights
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IWM Starting to Rally Again
IWM is also experiencing this alternating pattern of green and red days. On Friday IWM experienced a large spike up, and started to rally again. However, today IWM is trending for a red day. If the pattern continues we are likely to see more upside for IWM tomorrow. I like what I’m seeing with IWM, […]Read More
HOLO Short Volume Has Declined
Good news for HOLO investors, the volume of shorts has significantly declined as HOLO approaches the $0.41 – $0.43 support zone. Short volume recently spiked up, and it is clear that shorts have been driving the price back down again. Now that short volume has decreased, I would monitor $0.41 – $0.43 to see if […]Read More
SMCI Low Short Volume
Despite the negative headlines this morning, data shows that the short volume for SMCI isn’t high. There is roughly $2.2 million in short volume, and this is pretty low compared to past short volume against SMCI. I think SMCI has already dropped significantly, and I wouldn’t take a short position here. The two key price […]Read More
The Trend of Alternating Days Continue for NVDA, S&P, & NASDAQ
There has been a recent trend of alternating days between one green and one red daily candle. Yesterday I discussed this trend for NVDA, SPY, QQQ, and IWM. Today the trend continues as NVDA is trending for a green day. This trend suggests NVDA will close green today, and is likely to close red tomorrow […]Read More
IWM Deviates Away from the Alternating Days Trend
IWM is trending for a red day, and is deviating away from the pattern of alternating days. I think there is still time for IWM to rebound and close green. However, for now IWM is experiencing a -1% decline for the day. IWM also opened with a bearish gap lower to start the day. IWM […]Read More
NFLX Showing Strength Near All Time Highs
NFLX is also trading near all time highs, and is experiencing some selloff in this white resistance zone. However, NFLX still looks pretty strong, and the seasonality trend isn’t too bad in September. I think NFLX is a stock that can continue to perform well. There may be some downside in Sept, but I wouldn’t […]Read More
SPOT Trading Within a Resistance Zone
SPOT has experienced an impressive rally since bottoming out in Dec. 2022. I think SPOT has reached resistance here, and is likely to trend down in September. This looks like a good options puts trade setup. Most stocks are seasonally bearish in September, we can see that the seasonality trade looks bearish for SPOT. Follow […]Read More
PDD Drops to Lowest Price Level Since Nov. 2023
This week PDD reported strong earnings despite a slight revenue miss. During the earnings call there was a lot of bearish sentiment about future revenue, which led to a sharp selloff for PDD. Currently PDD is trading at the lowest price in 2024, and price levels not seen since Nov. 2023. I think PDD is […]Read More
SMCI Delays Annaul Report & Raises Fraud Concerns
Yesterday SMCI was accused of fraud, but the claims didn’t seem too believable without any evidence. Today SMCI announced that they are delaying the announcement of their annual report, which is raising some red flags that there are some concerns about fraud. SMCI opened the day with a bearish gap lower, and is trending down […]Read More
NVDA Trading Near Resistance
NVDA has experienced some bullish momentum over the past few days, and is trading near numerous resistance levels here. I have the light blue trendline as a key resistance level to monitor, and bears want to keep the price below $125.50 to send NVDA lower. I think there is too much uncertainty for U.S. stocks […]Read More
Bearish Gap Lower for QQQ
QQQ starts off the week with a bearish gap lower. I think the price action has been pretty neutral and volatile since mid September. QQQ is still facing resistance from the white zone, and continues to trade below $488.55. During election years QQQ historically experiences a downtrend between Oct 6 and Oct 30. Bears would […]Read More
Bull Flag Forming for IWM
IWM has been quiet over the past few weeks, and is starting to form a bull flag structure with a $242.50 price target. IWM would need to hold above $214.20 to remain in this bullish structure, and would need a bullish breakout above $220.31 to start a rally. Follow me on social media: https://linktr.ee/realchartchamp
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