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March 7 S&P 500 Update
The S&P 500 also opened with a bullish gap higher today, and $SPY is trading above the white resistance line again. SPY has traded above this white trendline a few days ago, but had a rejection back down. I’m looking for a repeat of the same scenario for a drop below $512 here over the […]Read More
March 7 NASDAQ Update
The NASDAQ opened with a bullish gap above the yellow trendline today. Yesterday the yellow trendline held as support. I was anticipating a bounce here on the way down, now I’m waiting to see if this turns into a dead cat bounce before $QQQ starts to trend low. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreDOMA Pumping Into March 12 Earnings
DOMA has found support at $3.90, and is starting to show some bullishness headed into March 12 earnings. DOMA has consistently failed to meet earnings expectations, but managed to pump last earnings despite a poor earnings announcement. The two key price levels to monitor are $4.95 and $6.42. DOMA is already at the first price […]Read More
NIO’s Bullish Rebound off Green Support Line
$NIO failed to meet earnings expectations and had a selloff. However, NIO has formed a bullish rebound off this green support line. I think NIO and most Chinese stocks are undervalued. The key challenge is the narrative that Chinese stocks are uninvestable. I think there could be some more buying opportunities under $5, and a […]Read More
TSLA’s Terrible Q1 Performance (As Predicted)
$TSLA has been one of my best recent predictions so far, and I posted it on my YouTube channel in this video: https://youtu.be/odtlJPXwk4c around the 7:30 minute mark. (Apologies for the poor video quality, it was one of my earlier videos). $TSLA has been following my prediction very well so far. I get a lot […]Read More
JWN Puts Update – 14% Decline so Far
Cheers to those who took the JWN options puts trade. JWN is down 14%+ after reporting earnings yesterday. JWN met earnings expectations, but set low guidance for 2024 which is bearish. I think JWN could continue bleeding over time, for now there has been a strong rejection at the upper range of this channel. ChartChamp […]Read More
March 6 NASDAQ Update
The NASDAQ also opened with a gap above following Powell’s speech, but is also having some downside despite the gap. $QQQ had a rebound off the yellow trendline, but is showing some bearishness and weakness here. I’d like to see a drop below the yellow trendline. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreMarch 6 S&P 500 Update
The S&P 500 opened with a gap higher today after Powell’s speech. However, $SPY is still at resistance here and this will be an important price level for bears to defend. ChartChamp socials: https://linktr.ee/realchartchamp
Read More
Bitcoin, Gold, NASDAQ, S&P 500 Trading Near All Time Highs | Financial Market Update
The financial markets have been hot after PCE inflation data met expectations. In this video I provide an update across the crypto, equities, commodities, and U.S. bonds market. Time stamps: 0:00 Intro0:22 PCE Inflation Discussion1:00 BTC Reaches Previous All Time Highs5:36 ETH Analysis6:58 S&P 500 (SPY) New All Time Highs8:39 NASDAQ (QQQ) New All Time […]Read More
FMC Building Support for About a Year
FMC has been building support at $49.25 for about a year now, and is trading within a tight range with resistance at $66.98. I think FMC needs to break above $66.98 to start a rally. For now I would be more concerned about the stock market’s reaction to the Fed pivot before considering any new […]Read More
CHPT Trading Near All Time Lows
CHPT is trading near all time lows with support around $1.23. I think there could be some upside, but CHPT is a stock with weak fundamentals. The forecast suggests a decline in revenue over the next few quarters so I think CHPT is at risk of diluting investors or trending down lower. Follow me on […]Read More
SPDN is a Way to Hedge Against Stocks
SPDN should be perceived as a hedge against the stock market without using leverage. SQQQ and SPXS are 3x leveraged, meaning that for every 1% decline in QQQ or SPX will result in a 3% rise for SQQQ or SPXS respectively. I think SPDN will provide less upside and less risk for those who want […]Read More