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Inverse QQQ Trust (QQQ) Bulls and Bears Battle For Control at Key Trendline
On July 24, I published an article about NASDAQ’s special rebalancing. In this article I discussed that NASDAQ has significantly outperformed the stock market, and that the objective of the special rebalancing is to slow down NASDAQ’s gains, which is bad news for NASDAQ investors. You can view the article here: NASDAQ-100 Special Rebalance: What […]Read More
SPDN is Neutral after 6.5% Upswing
Starting in mid-July I starting giving market updates with a $13.90 price target for entering SPDN.. On July 27, SPDN presented that buy opportunity with a drop down to $13.85, just 5 cents under the price target (marked by the white circle). Since July 27 SPDN had a 6.56% upswing that corresponded with SPY’s 3-week […]Read More
My Virgin Galactic (SPCE) Exit Strategy
My SPCE trade has been going horribly wrong to say the least, but I’m still optimistic about exiting near breakeven or profit. I was bullish for SPCE’s August launch, which marked a key milestone for Virgin Galactic since they finally delivered on their long-term promise to send customers on a unique space flight. August turned […]Read More
Exxon Mobil Corporation (XOM) Likely to Face Resistance at $119.71 ATH
I have been tracking XOM since joining the group in May. I was hopeful that XOM would present a buy opportunity at the $94 green trendline, but XOM showed a lot of bullishness at $100. In July I decided to adjust my buy target to a $101-104 buy zone, marked by the white circle and […]Read More
WeWork (WE) Starts Correction After 150% Rally in 2 days, Key Support Levels to Monitor
I am personally staying away from WeWork, but this chart analysis is for those who have been asking me about my thoughts for WE. I believe that this yellow trendline is a key price level for WE, which has been acting as an area of resistance from February to June of 2023 (marked by red […]Read More
AFFORDABLE ERA
Index-tracking funds have become incredibly affordable for investors, thanks to a substantial reduction in fees. A standout example is State Street, which recently lowered the fee on its S&P 500 exchange-traded fund to an astonishingly low 0.02%. This move has triggered a fierce fee war among asset managers, ultimately benefiting investors who now have access […]Read More
Upstart Holdings $UPST’s Current Correction Offers a Second Chance Buy Opportunity After a 469% Rally
UPST had a strong bullish rally from May 1 to July 31 with the stock price rising from $13 to $74 (marked by the green and red arrows). However, economic conditions are hurting the lending market and UPST reported lower forecasts for the current quarter. This has led to a strong selloff at $74 that […]Read More
NIO’s $7.53 price target after share price plummets 17% due to $1 billion debt news
NEWS: New Debt, New Woes: Nio Raises $1 Billion, Shares Tumble by 17% Amid Financial Struggles – Nio announces plans to raise $1 billion in new debt through the issuance of convertible senior notes, leading to a 17% drop in its share price. – The new debt will consist of $500 million worth of convertible […]Read More
Virgin Galactic (SPCE) Continues to Roll Over
This is a follow-up post to my previous SPCE update. SPCE bounced off the yellow support line but continued to roll over as the S&P continued to bleed. The Sept FOMC announcement resulted in bearish market sentiment for crypto and stocks that led to further decline. For now I’m monitoring SPCE to form a more […]Read More
SPY Trading Near $601 Resistance
SPY continues to trade near resistance around $601, and has already formed numerous rejections this week. SPY is currently trading above the yellow resistance line, and I would monitor to see if the price remains above $600.83. So far SPY is looking bullish and could trade above $600 for the day.
Read MoreRGTI Hit $3.47 Resistance
RGTI has reached my resistance target at $3.47, and there has already been some selling at this price level. I would be cautious of a selloff here, I think RGTI likely has a pullback in the short term.
Read MoreAMD Trying to Hold Above $133 Support
In my previous updates I discussed how AMD has lost support in the light blue channel, and has really struggled to climb back into the channel. Despite this bearish price action, AMD is also starting to build some support around $133 at the white trendline. I think there’s a chance AMD has a brief rally […]Read More