ClearValue Team Insights
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Volatility for SQQQ and NVDA
Divergence between Sahm’s rule and insured unemployment rate, which means the Sahm’s rule could be giving a false signal here. Should be interesting to monitor over the next few days and weeks. The market is having a positive reaction to this news. The unemployment rate improved slightly, as it decreased from 4.3% in the previous […]Read More
Steady Income In Volatile Times
The capital markets have demonstrated remarkable resilience over the past 20 months, particularly following the significant declines experienced in 2022. Since January 2023, the S&P 500 and Nasdaq Composite have posted impressive returns of 48% and 66%, respectively, showcasing strong growth after a challenging period. However, while these gains are enticing, seasoned investors understand that […]Read More
Altcoin Market Could Start a Bullish Rally in Uptober
The Altcoin market has experienced months of sideways price action, but is nearing the end of this pattern formation. There is a good chance of a bullish breakout and rally over the next few weeks so I’m buying some more Altcoins here and patiently waiting. This cycle has been different compared to the previous cycles […]Read More
Strong Support For ETH Around $2,400
Ethereum is trading near strong support around $2,400. I would monitor to see if this support level continues to hold for ETH. There are multiple support levels that intersect around this $2,400 target so this is an important support level for ETH bulls to defend. Over the past few days I discussed the possibility of […]Read More
Bitcoin Holding Above $56k on Sept 5
Over the past few days I’ve discussed how the 5th of July and August marked the monthly bottom for Bitcoin. Today is the 5th of September, and I think there is a good chance that Bitcoin is bottoming out around $56.5k. If I’m wrong then the next key support level would be around $51k. However, […]Read More
Neutral Day for NVDA and SQQQ
The market closed neutral today with some slightly bullish price action for NVDA and slightly bearish price action for SQQQ. All eyes will be on the labor data released tomorrow, and the news will affect my outlook for the next few weeks and months. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreCLF Lost Numerous Support Levels
CLF has been breaking down over the past few weeks, and is currently also losing support at a key white support zone between $11.77 and $12.23. I would monitor for a short-term rebound here or else CLF could continue to trend down lower. The price needs to climb back above $11.77. Follow me on social […]Read More
IWM Holds Above $210.44
There has been a strong selloff for Nvidia, the NASDAQ and S&P. However, IWM and small caps have held very strong throughout this stock market selloff. IWM is still trading above the $210.44 price level, and is attempting to flip $210.44 from resistance into support here. It’s taking a long time for IWM to rally […]Read More
QQQ Rebounds in a Key Support Zone
QQQ has also started to rebound within a green support zone. There is short term resistance around $464.83, if QQQ breaks above this price level there could be some more upside to the yellow trendline around $472.88. For now I would monitor for a break or rejection at this yellow trendline. Follow me on social […]Read More
QQQ Spikes Up on Election Day
QQQ is having a very bullish day as the markets start to price in a Trump victory. QQQ is trading within the white zone, and I have the yellow trendline as a key resistance level to monitor around $493. I would monitor for a break or rejection at $493, if there’s a rejection QQQ could […]Read More
VIX Rejected at $22 Resistance
VIX has been trading near a white resistance line around $22. I think traders were hopeful for some volatility surrounding the election, and wanted to bet on the VIX spiking up as we approach the election. It’s still possible for there to be some election surprises and for the VIX to spike. However, for now […]Read More
TLT Trading Below Support
TLT has lost support below the light blue support line around $92.50. I would be cautious here, TLT needs to reclaim support to avoid further decline. 10 year yields is approaching resistance around 4.44% so TLT could bottom out once 10 year yields have peaked. Follow me on social media: https://linktr.ee/realchartchamp
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