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.
SPY Facing Resistance at the Red Trendline
SPY has been neutral and trading within a range between $532 and $536 since June 5. There is a red resistance line suppressing the price, and SPY needs to break above $535.71 to rally. We are observing very low buy volume over the past week. I think traders and investors are waiting for more data […]Read More
QQQ Continues to Show Strength
Today is an important day for two of the Mag 7 stocks. NVDA’s 10-1 stock split has been completed, and AAPL is hosting a WWDC event. The last time NVDA had a stock split the stock price rallied for a few months before a significant correction. If the Fed continues to delay rate cuts until […]Read More
SPY’s Key Fibonacci Levels
SPY has flipped the 1 fib level from resistance into support around $523.55. The next key price target is the 1,618 fib level around $592.35. There is an FOMC meeting this week, and I think the S&P will continue to rally as long as the Fed continues to pause. After the fed pivot there is […]Read More
How long can this stock market rally last?
The seasonality index for presidential election years suggests that July, August, November, and December are seasonally bullish months. The two seasonally bearish months are September and October. The key catalyst for a market correction is the Fed pivot. On average the fed pivot leads to a 20% decline. We still have a lengthy inverted yield […]Read More
NVDA’s 10-1 Stock Split Likely to Drive Multimonth Rally
NVDA has completed its 10-1 stock split, and could continue to rally for another 100+ days. The previous NVDA stock split occurred on July 20, 2021 when NVDA announced a 4-1 split. This event led to a 90%+ rally in 126 days. June is one of NVDA’s best performing months, and I think this stock […]Read More
What is Happening with GME?
GME EarningsGME was supposed to release earnings on Tuesday June 11. In a shocking turn of events, GME unexpectedly released earnings a few hours before RoaringKitty’s live stream. The earnings results were very poor, GME reported a 29% YoY sales decline. New GME SharesThe most shocking part of the earnings announcement is that GME diluted […]Read More
DXCM Swing Trade
DXCM is seasonally bullish this week with +5.76% average returns. This can be taken as a day trade, but I think this trade setup is better suited for a swing trade with an entry at $114 and an exit at $132. I would place a stop loss around $112. The seasonality is neutral and slightly […]Read More
ETSY on the brink of a bullish breakout
ETSY is seasonally bullish this week and over the next few weeks. ETSY could form a bullish breakout above this white trendline and start to rally. I would DCA on dips in the buy zone between $58 and $74 with a stop loss around $56. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreAMD Swing Trade for July
AMD is seasonally bullish in July with a 100% bullish rate and +16.54% average returns. I think we see a strong move up in July and possibly August (+5.70% returns in August). The weekly seasonality is bearish for the next 3 weeks so there are likely to be dips into the buy zone. I would […]Read More
HOLO Reverse Split in Effect
HOLO’s reverse split takes effect today, and HOLO is selling off so far. Last time HOLO dropped for 3 days before starting a strong rally. The price usually forms a new all time low before some upside. After the reverse split the new all time lows are around $4.03. I would be interested in buying […]Read More
TSLA Trying to Hold Above Support
TSLA is approaching the long awaited 10/10 robotaxi event. The price is trading near the light blue support line around $240.57, and TSLA is trying to hold this support level to remain bullish headed into the robotaxi event. These Tesla events are usually sell the event news so my best guess is a selloff for […]Read More
NVDA Formed a Bullish Breakout
NVDA has formed a bullish breakout above the light blue trendline, and continues to show bullish momentum over the past few days. Yesterday NVDA was the only Mag 7 stock that was green for the day. NVDA’s bullish price action is important here because NVDA was in a downtrend since June 2024. Although NVDA has […]Read More