Community Message Board
Join our message board, where individuals can freely share thoughts and engage in discussions on a wide range of financial topics. It serves as the perfect platform for connecting with others that share a similar interest, fostering an environment where everyone, regardless of their unique financial journey, can contribute ideas and learn from eachother.
$SPX: The S&P 500’s Key Yellow Resistance Target
In my previous update I discussed that $SPX has lost a key support level in the orange support zone. $SPX was sitting under resistance as investors waited for Friday jobs data. The strong jobs data led to a spike back up and $SPX has successfully regained support at this orange zone again. My current price […]Read More
SQQQ’s Steep Drop From Yellow Sell Zone
In my previous update I emphasized that this yellow sell zone is a very strong resistance level for SQQQ. There was a lot of uncertainty surrounding the Friday jobs data, but the data came in very strong and almost double expectations. This led to a bullish rally for $NDX and $SPX that led to steep […]Read More
$PLTR Rapidly Approaching TP1
$PLTR has been extremely bullish since Sept. 25 and has been in a strong uptrend after breaching the orange resistance level. The next key price target, the light blue resistance line, is rapidly approaching. PLTR is a war stock that is benefitting from the new Israel Palestine conflict. Other key events this week are September […]Read More
$AMD Due for a Correction This Week
AMD has been showing a lot of bullishness since September 26. However, AMD has reached the upper range of the white channel and is due for a correction this week. I have the yellow trend line as a key support level and my first price target. I think there will be a solid bounce off […]Read More
$NVAX Trending Back Down to the Buy Zone
NVAX has started distributing millions of COVID-19 vaccine shots. However, NVAX is trending back down towards the buy zone. I think that this will present a great second chance buy opportunity after NVAX’s recent rally to $8. The markets have been affected by the new Israel Palestine conflict. Other key events this week are September […]Read More
$RIVN’s Key Buy Levels After 20%+ Intraday Decline
NEWS Rivian Automotive Inc’s made the decision to issue $1.5 billion worth of convertible green bonds.Here’s a breakdown of what’s happening: Share Price Drop: Rivian’s stock price plummeted by over 20% on the day of the announcement. It’s the most significant daily percentage decline for the company’s shares since May of the previous year. Convertible […]Read More
$SPX Approaches Resistance, Break or Rejection Tomorrow
#SPX had some nice upside today, but the daily candle closed at resistance though. Tomorrow will be important for seeing whether SPX breaks above resistance or gets rejected back down. TradingView Chart: https://www.tradingview.com/chart/SPX/jsS6GvLv-SPX-Approaches-Resistance-Break-or-Rejection-Tomorrow/
Read More
$NVAX Receives FDA Approval, Key Price Targets After 10%+ Intraday Rally
Novavax (NVAX) has been one of our best performing stocks that has been trading in an accumulation range between $7 and $9. I believe that NVAX is trending for an upward breakout in Q4. The FDA has approved NVAX’s COVID vaccine for patient ages 12+, and the European Union is set to make a decision […]Read More
S&P 500: $SPX Lost Support Today, Next Key Price Targets to Monitor
SPX lost a key support level at the orange support zone today. I think the white trend line and yellow support zones will be key support levels if the S&P forms another dead cat bounce or is bearish tomorrow. TradingView Chart: https://www.tradingview.com/chart/SPX/tEPuXlEs-SPX-Lost-Support-Today-Next-Key-Price-Targets-to-Monitor/
Read More
The Yen Carry Trade: A Global Margin Call
Emergency rate cuts will exacerbate the Yen carry trade. Be careful what you wish for. And BOJ’s announcement that they will not raise rates in this market instability is a sign of panic. It is not bullish at all.
Read More
Approaching the Gates of Hell: Recent VIX Spike Signals Extreme Market Turbulence and Potential Crisis
The VIX chart depicts a significant recent spike in volatility, breaching through multiple resistance lines. This surge can be described as approaching the “Gates of Hell,” indicating heightened fear and uncertainty in the market. The breakout from the descending channel suggests that the market is entering a phase of extreme turbulence. Traders should be prepared […]Read More