ClearValue Team Insights
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Bullish Gap Higher for QQQ
Yesterday the NASDAQ started to selloff in the past few hours headed into stock market close. However, I discussed how QQQ is retesting the yellow trendline as support. Today QQQ opened with a very bullish gap higher, and the stock market continues to rally higher. I think next week we are likely to see some […]Read More
Is the Shine Wearing Off? Why T-Bills Might Soon Lose Their Luster
Since 2022, short-term government debt, specifically Treasury bills (T-bills), have become increasingly appealing to investors. In fact, T-bills have been offering yields of over 5%. This positive momentum was driven by the Federal Reserve’s tighter monetary policy, which led to a significant rise in interest rates. When we talk about T-bills, we are referring to […]Read More
When Is NVDA Likely to Peak?
Although NVDA has formed a selloff after earnings, I think the price action looks pretty similar to past earnings. Over the past 2 quarters NVDA experienced a post-earnings rally. The first rally lasted roughly 2 weeks and 1 days before peaking. The second rally lasted 4 weeks and 1 day before forming a peak. I […]Read More
NVAX Presenting a Great Buy Opportunity
I’m hearing that COVID cases are on the rise again, and I’m keeping an eye on NVAX to see if there can be some upside. I think there is a bullish bounce forming around $10.92, and this is looking like a pretty good price entry here for buying some more NVAX. I would monitor the […]Read More
Consecutive Red Days for HOLO
HOLO has been shorted back down over the past 4+ trading days, and has erased most of the gains from the recent rally. I think the two key catalysts to monitor are HOLO earnings and a potential reverse stock split. For now HOLO is trying to rebound with a bounce forming around $0.31. HOLO rebounds […]Read More
PDD Forms a Strong Bullish Gap Higher
PDD is extremely oversold after the recent post earnings selloff. PDD had some very strong numbers, but the earnings call was a disaster because the Board members essentially said strong competition will make it difficult for PDD to maintain high profit margins and revenue. I think this selloff is an overreaction to poor choice of […]Read More
NVDA’s Bearish Gap Below Resistance
NVDA opened with a bearish gap lower today, and is now trading below the red resistance line. I would monitor for a break above resistance again around $125.08. I think we’re trending for a green day, and I’m curious to see how high NVDA will rebound here. I think we are likely to end the […]Read More
Huge Rebound for the Stock Market During Overnight Trading
We are experiencing a lot of volatility in the stock market, which is demonstrated by the alternating days of green and red candles. Yesterday NVDA’s earnings was a gamble, but the king of tech stocks delivered on huge expectations and set high guidance. There was some media criticisms that NVDA didn’t crush expectations. I think […]Read More
Pre Market Hours
HOLO shorts keep driving the price down lower PDD forming a strong rebound after a steep post earnings selloff. I like this opportunity a lot, despite being a Chinese stock PDD has performed very well this year and is at a steep discount from the selloff. SNOW is rebounding after a sluggish week. The seasonality […]Read More
VIX Trying to Flip $22.11 Resistance Into Support
The VIX continues to trade near the white resistance level around $22.11. There have been numerous rejections at this price level throughout the year, but the VIX is trying to flip resistance into support here. I think we have a lot of big events this week with the US presidential election, more jobs data, a […]Read More
QQQ Facing Resistance in the White Zone
QQQ has formed a bearish retest of the white zone and bottom of the yellow channel. Since Oct. 9 both of these levels were acting as support. Now support has been lost and both levels are acting as areas of resistance. I think we are likely to see more neutral and bearish price action until […]Read More
SOUN Struggling to Rally
SOUN has been trading sideways since April, and is struggling to rally to my $8.80 price target. I think small cap stocks in general are struggling in the higher interest rate environment. These small cap stocks could perform better over the next few quarters as the Fed continues to cut rates. SOUN has a tendency […]Read More