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.
U Rebounding Near All Time Lows
$U is trading near all time lows in the light blue support zone between $25.28 and $27.31. I think U tends to have wicks down for a discounted buy opportunity, and I would look for an entry with those wicks around $22.28. It’s not a bad idea to have an order in place to see […]Read More
NVDA Sellers at $920s on the Final Day of GTC 2024
Today is the fourth and final day for NVDA’s GTC 2024 event. There has been neutral price action throughout this 4-day event, and $NVDA is now trading above $900s again. The daily candle is red so far with sellers around $920s. There is an important yellow resistance line that gives a price target around $966, […]Read More
March 21 NASDAQ Update – QQQ Back Above the Yellow Trendline
The NASDAQ had a bullish rebound from yesterday’s FOMC announcement, and $QQQ is now trading above the yellow trendline again. Looks like we are continuing to trade around the trendline for longer, and my next few trades will be shorter term swings around the trendline. The price is above the yellow trendline, and this is […]Read More
March 21 S&P 500 Update – SPY’s Bullish Reaction to FOMC
The markets had a bullish rebound to yesterday’s FOMC meeting. $SPY had two back to back bullish daily candles, and more importantly has broken out of the range with a breakout above the $517 range. SPY is continuing to show strength today with a bullish gap higher. I think there will be a pullback soon, […]Read More
INTC is Trading Within a Tight Range
$INTC has been trading under resistance at the light blue trendline, but is starting to also find some support at the red trendline. I think INTC is trading within a tight range here and will need to find a direction over the next few weeks. For now there’s likely to be some sideways price action. […]Read More
March 20 NASDAQ Update – QQQ is Bearish Below Resistance
The NASDAQ also had a bullish rebound yesterday, but is still trading below the yellow trendline. The NASDAQ has been pretty bearish lately with 9 red daily candles out of the past 12 days. However, the price continues to trade below the yellow trendline so today’s FOMC announcement will be important to determine whether QQQ […]Read More
March 20 S&P 500 Update – SPY Back Above Resistance
The S&P 500 had a bullish rebound yesterday, and a bullish daily candle close above the white resistance line. However, the price action is still neutral within the range discussed yesterday ($508 to $517). Today $SPY is retesting the white resistance line as support, and I would monitor the $517 highs here to see if […]Read More
NVDA Update – Neutral Price Action Into Day 3 of GTC 2024
Yesterday I discussed how $NVDA is trading near the white support line that is providing local support. There was a bullish rebound off this support level, and NVDA had some upside yesterday. However, the price action is still neutral and NVDA continues to trade sideways despite the GTC event. Today there is also an important […]Read More
March 20 FOMC Preview
As the Federal Reserve’s Federal Open Market Committee (FOMC) convenes this week for a pivotal meeting, financial markets and policymakers alike are poised on the edge of their seats. The core of the discussion is centered on the trajectory of the Fed’s benchmark interest rate amidst recent disconcerting inflation data. This meeting is crucial not […]Read More
QQQ Opens with a Bullish Gap 2% Higher
The markets were due for a big move in either direction from the FOMC announcement. Yesterday there was a lot of volatility with bulls and bears pushing the price back and forth. Although the day ended with a bearish close, there was a strong post-market rally with QQQ opening the day 2%+ higher. QQQ has […]Read More
Post-FOMC Market Update:
The markets believe that we are trending towards a soft landing, which is causing defensive positions to get punished and risk-on positions (like stocks and crypto to get rewarded). I personally don’t believe we are trending for a soft landing and I think there is a lot of market risk buying at these price levels. […]Read More
S&P Election Year Trends and Market Volatility
This chart compares the S&P 500’s performance during election years with the actual S&P 500 performance in 2024 (through September 13). It provides a visual comparison of how the current year aligns with historical election year trends, represented by multiple lines for different time periods. Key Observations: Analysis: Conclusion: The S&P 500 in 2024 has so far followed a similar […]Read More