Daiy Charts - Gold scores highest weekly close in history
1.Gold $Gold - main 2506(GCmain)$ scores highest weekly close in historyImage2.Bitcoin falling to levels not seen since Wednesday Image3.A 40% decline in the U.S. Dollar would wipe out the U.S. Trade Deficit says Deutsche BankImage4.Short Sellers lost a combined $250 Billion during the stock market rally from April 8 - May 20 📈 Rekt!!Image5.U.S. Banks are currently facing $482 Billion in unrealized losses, an increase of 33% from the prior quarter.With rates now skyrocketing, these losses are going to increase. Banks, particularly small banks, are in trouble!!ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as
1. $SPDR Gold Shares(GLD)$ Gold with another beautiful bounce off the lower Bollinger Bands 🚨 Went on to hit a new all-time high each previous time over the last 12 months, and looks poised to possibly do it again 📈Image2. $Apple(AAPL)$ AAPL headed for an 8th consecutive red day, Apple's longest losing streak since January 2022 📉📉Image3. $Tesla Motors(TSLA)$ Wedbush raises TSLA price target to $500 and says "the golden age of autonomous is now on the doorstep for Tesla!" 🚀Image4. $Advanced Micro Devices(AMD)$ Advanced Micro Devices Insider Trading Alert 🚨Philip Guido, Chief Commercial Officer, just bought $1 million worth
1. $Hims & Hers Health Inc.(HIMS)$ HIMS called to perfection 👌🏻Next stop to see if $50 volume shelf holds.If not, here comes $35 🎯Image2. $Reddit(RDDT)$ RDDT setup failed for now ❌Took the loss today — part of the game.Can’t win them all, but if it bounces next week, I’ll be ready.Capital conservation > everything.Survive today, thrive tomorrow.Image3. $Roblox Corporation(RBLX)$ RBLX +$10K / +11.75% profit ✅Textbook DBX setup.With the daily BX flipping 🔴 today, I’m fully out.Now we wait.Patience is power — let’s see if we get a chance to reload next month.Image4. $CleanSpark, Inc.(CLSK)$ Took profit on CLSK today
1. $Rivian Automotive, Inc.(RIVN)$ Daily BX closed ✅ — now up 37% since the original post!Congrats to everyone who caught the move 🎯Now we wait for the pullback and line up the re-entry.Let the trade come to you.Image2. $Tesla Motors(TSLA)$ Saw some big call flow hit earlier — I sat out.Daily BX is still 🔴 and monthly is red too.No reason to force it after already locking in solid profits.🟢 Best case: we pull back to $290 — I reload.🔴 Worst case: we break over $350, flip BX green, and I go long again.Either way… the system decides, not me.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US
BABA and AAPL are the first one to lose their 20-MA
Current 1-month RS leaderboard for Liquid 15 (Sorted). $Alibaba(BABA)$ and $Apple(AAPL)$ are the first one to lose their 20-MA. Though $Alphabet(GOOG)$$Alphabet(GOOGL)$ has the largest rank jump largely due to pre market gap up announcement of new AI update 'AI Mode', that bearish 'shooting star' at 200-MA rejection looks really nasty. $Direxion Daily GOOGL Bear 1X Shares(GGLS)$ long may be an idea I'll explore later.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG,
1-Year Volatility Box + High RVOL Entry: A Rule-Bending Setup
If I can find a 1 year sideway consolidation box chart like this, I will bend my rules and take the idea on high RVOL entry at M15, ignoring the market context. Look at $Lemonade, Inc.(LMND)$ 31st October 2024 post earnings release high RVOL entry below 60% LoD. It is incredible accumulation of shares if price bounce within 3 x ATR% of its volatility for a whole year. Overshoots are less than 4xATR% from 50-MA. LMND 1 year box range is extremely tight, considering its high ADR% and high short float %.I wrote about stocks like this during my 2021 USIC and even shared the scan for such setup (u need to layer 2 separate finviz screen) There is a few common traits,1) they have 30% short float or more2) their ADR% exceeds 5%3) they are trading at low f
Extended QQQ Rally Nears Historical Limits—Is a Pullback Ahead?
This is a plot of $Invesco QQQ(QQQ)$ and its breadth NDFI ( QQQ % Stocks above 50-MA or 10-Week MA) since 2022. QQQ is the strongest cap/equal-weight market index currently. QQQ resilience actually brings its NDFI breadth to the 9th session exceeding 10 x ATR% multiple from 50-MA. Have a look at the last 4 occurrences since 2022. This kind of extension could last up to 16 sessions, but historically, it always pulls back eventually.In swing trading, it’s crucial to assess whether we have potential tailwind pushing us forward or a headwind pushing against us in the near term.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as
PLTR - Stop survived but close remains below 10-MA
$Palantir Technologies Inc.(PLTR)$ The trade survived 15-minute low of day stop (low was print at 9.43AM ET) but close remains below 10-MA. The same repetition for stop adjustment, if it breaks the 5/15-minute opening range low later (depends how long it takes for spread to tighten, but i wouldn't wait beyond 15-minute low).ImageThis is a close below 10-MA, and where i'll get active with my existing breakeven stop adjustment at open later. May be stopped out of PLTR if it breaks the 5/15-minute opening range low later (depends how long it takes for spread to tighten, but i wouldn't wait beyond 15-minute low).There may be opportunity to get back in PLTR if price action bounce off 20-MA at close with further consolidation within a flag like formatio
$SPDR S&P 500 ETF Trust(SPY)$ key levels and target hit $577 🎯1. Exhaustion gap at $570-$577 to be filled2. 200SMA at $575.50 watch for weakness3. $580 top 1HR level of resistance (if we bounce this is the target)Image $S&P 500(.SPX)$ The world's biggest bank JPM has a massive SHORT CALL position at 5905 expiring June 30th.JPM wants SPY to stay under this level no matter what it takes. Jamie Dimon said there is a 50% chance of recession this year.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here:Trade on a Cash Boost Account and
REPX Takes Advantage of Low Valuations To Build Asset Base
5.67% Dividend Yield$120m pipeline project should increase realizations in New Mexico as well as unlock the potential of the newly acquired Silverback II assets.Power generation JV expansion to 56% of Texas field and the introduction of similar generation in New Mexico reduces costs by using low-value byproduct gas.2025’s focus will be on expanding the undeveloped asset base rather than new drills while hydrocarbon prices are depressed.Strong balance sheet with breakeven in the mid $30 range and an estimated net debt to EBITDA of 1.3x post-acquisition close.Investment Thesis $Riley Exploration Permian(REPX)$ is a Permian pure player, with a 60-40 oil-gas split for production. Across 78,600 acres, and a planned acquisition of an additional 47,000,
In technical analysis, support and resistance levels are like invisible lines in the sand where prices tend to pause or turn around. They're specific price points where buyers or sellers have historically stepped in with enough force to halt the current price movement and potentially reverse its direction.Think of Support Levels as a strong floor for the price. When the price falls to this level, there's usually enough buying interest to stop it from going lower.Conversely, Resistance Levels act like a tough ceiling. When the price climbs to this level, there's typically enough selling pressure to prevent it from rising further.Using These Levels to Make Smarter TradesLet’s use the four hours chart for the S&P 500 $S&P 500(.SPX)$ , the hig
Weekly Macro Themes - Remain bullish Chinese stocks
This week I covered the following topics:1. China Macro: China’s economy (and housing market) remain mired in downturn, and deflation risk dominates vs inflation risk; anticipate further stimulus to help get the recovery back on track.2. Chinese Stocks: Remain bullish Chinese stocks given cheap valuations, improving technicals, basing macro (albeit on-watch), chance of stimulus as a key catalyst, and still mostly bearish sentiment.3. Chinese Bonds: Chinese government bonds look very expensive (thanks to deflation, declining growth, property downturn); at-risk of selloff if growth/property rebounds.4. US Govt Bond Yields: Multiple short/medium-term drivers have pushed US government bond yields higher (helping turn treasuries into an undervalued and underappreciated hedge/diversifier).5. Bas
What Should Investors Do When Lightning Hits The Stock Market?
🌟🌟🌟Donald Trump is at it again - announcing 50% tariffs for the EU and 25% for Apple, one of the heaviest weight on the S&P 500 Index. It is as if Lightning has hit the stock market which is still slowly recovering from Trump's April 2 Tariffs. What should investors do when lightning hit the stock markets? The answer depends on your investment strategy. Active Traders versus Long Term Investors Active traders often monitor the markets closely, reacting to news, earnings and macroeconomic events in real time. If you are trading on short term volatility, being present when "lightning strikes" can be crucial. Long Term investors however, focus on broader trends rather
$Invesco QQQ(QQQ)$ Bearish MACD Crossovers and Pullbacks: During the last 12 months, this signal has been linked to declines averaging -7%, with three occurrences averaging -15%. There is no doubt the 200DMA will be tested, and the gap will be filled, which would mean a -6% drop from the recent top. Will it hold?ImageThe weekly chart suggests the move has just begun, considering the reversal candle and the divergence with the Money Flow Index. The gap in candles and volume shelves (red arrow) may act as a strong magnet.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here:Trade on a
1.Stocks have had a dream runBonds have had a nightmareThis is important, because it goes in cycles, and well...Image2.Public Markets = pick the asset class 🤔 Private Markets = pick the manager 🧐 Mileage varies greatly across (but not so much within) asset classes for Public assets -- while mileage varies enormously *within* asset classes for the very opaque, illiquid, and idiosyncratic Private markets...Image3.What does:-Moody's Downgrade-Big Beautiful Bill-Bessent growth comments...all have in common?Big beautiful macro upside risks for gold $Gold - main 2506(GCmain)$ (and downsides for bonds).ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission
$NVIDIA(NVDA)$ I suspect Trump’s premarket statement on Friday about imposing tariffs on Europe might be an attempt to buy NVIDIA at a lower price ahead of its earnings. Otherwise, why would he show support for his good buddy Musk’s earnings but turn bearish when it’s NVIDIA’s turn?On Thursday, options arbitrage institutions rolled their positions, and judging by the results, next week’s stock price may not be low. They raised the strike prices for their sell call positions to the 144–146 range while hedging with buy calls in the 157.5–162.5 range.From an analysis perspective, NVIDIA’s stock price next week could potentially hit 140, whether it’s before or after the earnings report. Post-earnings, the stock is expected to trade between 130 and 144
$IONQ Inc.(IONQ)$ Quantum stocks are going wild right now! While the A-share market is obsessed with robots, the U.S. is clearly leaning hard into quantum tech. IonQ’s CEO just doubled down in an interview, saying they aim to be “the $NVIDIA(NVDA)$ of quantum computing.” No wonder the stock surged nearly 37%, when sentiment hits, it hits hard.