ClearValue Team Insights
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Commodities Update After April Inflation Data
USOIL has has shown a lot of weakness since peaking on April 1. This week USOIL has lost support at the lower end of the light blue channel. There should be concerns for continued decline to low $70 price levels. GOLD Finds Support at the Green Zone GOLD has rebounded off the green zone, and […]Read More
Update on the U.S. Bonds Market After April’s Inflation Data
April’s inflation data was another nothingburger. PPI and CPI inflation data met expectations, and coffee was removed from the inflation metrics. The data is heavily manipulated, and investors will remain calm as long as the Fed continues to act like everything is fine. The 10 year bond yields have declined after today’s CPI inflation numbers. […]Read More
IWM Forming a Bullish Breakout
IWM continues to show some bullish strength into the $205.31 resistance line to form a bullish breakout. I have the white zone as a key target ahead, $233.10 to $244.14. I think IWM and small cap stocks can go on a nice rally here. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreNew All Time Highs for S&P and NASDAQ
The S&P and NASDAQ have reached new all time highs yesterday and today. SPY is trading above the $524.49 resistance level, and I have the white trendline as a key price target ahead around $535. QQQ is trading above the $446.09 resistance line, and I have the yellow trendline as a key price target ahead […]Read More
Day 3 of the GME and AMC Meme Stock Rally
Meme stocks turned red during pre-market hours. There are different narratives for GME and AMC. AMC Has Diluted Investors AMC issued 23.3 million shares of common stock, diluting investors. Some view this as a positive because AMC has paid down high-interest debt. Others view this as a slap in the face for those who are […]Read More
ETH Continues to Trade Near $2,898.65 Support
$ETH has been neutral over the past 4 days, trading near the red support line at $2,898.65. I would carefully monitor this support level to make sure this support line doesn’t break. ETH could start to trend up soon with a successful bullish bounce. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreBTC Preparing for a Big Move
$BTC had another rejection at the orange trendline, but continues to find support at the light blue trendline around $61k. The orange and light blue trendlines are converging, and BTC needs to find a direction over the next few hours or days. This can lead to a significant move in either direction. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreDay 2 of the Meme Stock Rally: AMC and GME
The meme stock rally continues, AMC and GME have rallied by another 100%+ overnight. GME’s key price target is new all time highs above $119.53. AMC is facing resistance at $10.97. My next key price targets are $13.91 and $34.98 for AMC. AMC is Seasonally Bullish the Next Few Weeks TrendSpider’s seasonality index reveals that […]Read More
S&P & NASDAQ Approach Previous ATHs
The S&P and NASDAQ are approaching their previous all time highs. There is bullish momentum headed into this move. $QQQ is trying to form new all time highs above $446.09, and $SPY is trying to form new all time highs above $524.49. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreCopper Market Frenzy Causing a Short Squeeze Among Traders
In recent weeks, the copper market has experienced unprecedented activity, with copper futures in New York rallying to record highs. This surge, driven by a short squeeze, has caused a stir in commodities trading, prompting traders to divert metal to U.S. shores. A short squeeze happens when traders who have bet against a particular asset […]Read More
LINK Bullish News & Bullish Rebound
Bullish news was announced for $LINK after Chainlink has successfully completed tests with U.S. banking giants such as JPMorgan, Templeton and many others to accelerate the tokenization of assets. LINK is still in the early stages of a bullish rebound after forming a bullish bounce off the $12.63 support line. My key price targets are […]Read More
ETH Facing Resistance in the Green Zone
ETH had a strong rebound off the red support line at $2,862.93. However, ETH also quickly faced resistance at the lower end of the green zone around $3,049.01. I would monitor ETH to see if there is some bullish momentum into the green zone and orange trendline for a potential breakout. ChartChamp socials: https://linktr.ee/realchartchamp
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