ClearValue Team Insights
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March 5 NASDAQ Update
The NASDAQ is also red today, and $QQQ has started trending down towards the yellow trendline. I would monitor $436.50 for a bounce for now. As discussed in yesterday’s YouTube video, I want to see the price breaking down below the yellow trendline afterwards to leave my shorts open. ChartChamp socials: https://linktr.ee/realchartchamp
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March 5 Bitcoin Update Thread
Yesterday $BTC rose above the light blue resistance zone, and rallied towards previous all time highs around $69k. However, BTC stopped just short of reaching new all time highs at the orange trendline. There has been a pullback and retest of $65k, and BTC is continuing to show some strength this morning with a bullish […]Read More
March 5 Ethereum Update
Since yesterday $ETH has been showing more strength relative to Bitcoin, which is interesting since the spot ETH ETF was delayed yesterday and should have been bearish for ETH’s price action. I think ETH is making some upward progress to the $3,944.66 price target discussed in previous updates. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreCLSK Rejection at $19.91
CLSK had a rejection at $19.91. I would be concerned for a significant pullback to around $10. Daniel is considering a long trade setup, I would want to see more bullishness into the $19.91 resistance level before considering that. CLSK and other crypto-related stocks will be impacted by Bitcoin’s price action. Bitcoin is showing some […]Read More
NSRGY Approaching Key Buy Levels
NSRGY has experienced a sharp decline, and is currently approaching an orange support level at $102.46. There is one more greedy support level below, the yellow support line at $88.33. I would monitor $102.46 for a bounce here, and I don’t think it is a bad idea to buy at $102.46. However, NSRGY is having […]Read More
Strong Rejection for SOFI, Key $5.50 Buy Target to Monitor
There has been a lot of recent hype surrounding SOFI, but I have been patiently waiting for a buy opportunity at the yellow support line. This week SOFI had a strong rejection at the white resistance zone between $8.41 and $8.95. My key buy target has always been this yellow trendline, I think it will take […]Read More
AAPL Drops Below $174 to $177.50 Support Zone
AAPL continues to show weakness by dropping below the light blue support zone for a second time. AAPL is trading below support and there is likely to be a short-term rebound here. I would look for a bounce around $165 to $168. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreS&P 500 at Strong Resistance, Short Trade Setup for SPXS
SPY is trading at a key resistance level, the white resistance line that has consistently provided strong rejections for the S&P 500. I am taking a short trade setup by going long on SPXS. Price targets: – Red support zone between $469 and $477 – Red trendline around $433 (price increases over time since the trendline is […]Read More
SNAP starting to show some bullishness, resistance at $11.41 to $11.57
SNAP has started to show some strength here. I think there is strong resistance between $11.41 to $11.57 suppressing the price for now. I’m still holding onto SNAP and hoping to see $12-13 price levels over the next few days and weeks. ChartChamp socials: https://linktr.ee/realchartchamp
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Investors Eyeing October 18 OPEX
A selloff into October OPEX refers to a period of significant selling pressure in financial markets that occurs leading up to October Options Expiration (OPEX). OPEX is the day when options contracts—both calls and puts—expire, typically on the third Friday of the month. October OPEX can matter more than in other months due to several […]Read More
50/50 Odds of 50 bps Rate Cuts
The odds of a 50 bps cut are now 50/50. The past few times there were 50 bps cuts the stock market experienced multiple years of downside. The Japanese yen also looks like it can have years of downside ahead. Not good folks, let’s see if we get 25 or 50 bps next week. Follow […]Read More
FMC Building Support for About a Year
FMC has been building support at $49.25 for about a year now, and is trading within a tight range with resistance at $66.98. I think FMC needs to break above $66.98 to start a rally. For now I would be more concerned about the stock market’s reaction to the Fed pivot before considering any new […]Read More