To The Moon

$Dow Jones(.DJI)$ : Last week's setup appeared ready for a bounce. The annual $38.3K level held well as support, and the green candle initially suggested continuation or, at the very least, indecision (like a doji candle we've seen). However, today's conviction in the red candle completely changes the landscape. This reflects a clear rejection from the monthly $40.4K level, coinciding with resistance from the weekly 5-period moving average.The volume gap, highlighted by the double arrow, further supports the thesis of rapid moves between these key price levels ('shelves'). Additionally, the RSI is falling once more.Based on this price action, the Dow Jones is suggesting potential downside next week. As long as it continues trading below $39,628, t

Monday brought the expected bounce; however, the gap-up seen during such uncertainty suggested a prompt fill, which indeed happened later that same day.Today, significant pessimism pervades the stock market. This analysis will balance this sentiment with price action, given that excessive negative sentiment has often preceded rallies in recent years, including during the 2022 bear market.Let's examine the average stock exposure reported by the National Association of Active Investment Managers. As shown in the chart below, which starts from 2022, allocations below 30% have historically preceded bear market rallies. For instance, a 6.5% short-lived rally occurred in May 2022, a multi-week 19% rally began in mid-June 2022, and the low allocations in October 2022 and 2023 coincided with marke

$Palantir Technologies Inc.(PLTR)$ : While last week's 6% rally appears promising, the underlying weekly candle suggests extreme caution due to indecision. This cautious signal is reinforced by the volume shelf acting as potential resistance at $99. Similar occurrences in the past (marked by red arrows) have preceded pullbacks. ➡️Is this time different? For bullish continuation to be considered, the level of $94.1 needs to be decisively recovered; otherwise $89.3 will be revisited this week.Last week, in the Weekly Compass I posted $99.2 as bullish target, and that was exactly the rejection point🎯.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.

1. $Apple(AAPL)$ moves from the lower Bollinger band to the higher one and vice-versa. However, the 20 daily average can interrupt the sequence as it is happening since March (3 times already and highlighed). Since the fast oscillator is overbought, and the lower band is widening, managing risk for longs is vital. This daily timeframe suggests further downside.Image2. $Invesco QQQ(QQQ)$ - The volume profile has provided clues of rejection zones, as on April 2nd, 9th, and 11th. Last Wednesday and Thursday, the price found support in the lower volume shelf highlighted. However, the Stochastic suggests a decline is coming. Given the mixed signals the use of support and resistance levels is key: bearish if pri

1.GOLD $Gold - main 2506(GCmain)$ : Record Inflows: You may remember what happened after the record inflows to small caps and the same for big tech (similar chart). Manage risk using S/R levels for $SPDR Gold Shares(GLD)$ and $iShares Silver Trust(SLV)$ with the latest publication👇.Image2.Two securities presented notable resilience, $Palantir Technologies Inc.(PLTR)$ and Bitcoin; both managing to stay above their central levels:BITCOIN:The bounce thesis is still on for this security considering the support provided by $81.7K, some choppy price action is expected, but considering oversold oscillators, a scenario like Au

$NVIDIA(NVDA)$ - The Death Cross is Old News: What is worth watching now is the loss of the 5 daily moving average (grey), and the previous bounces only triggered when the Stochastic is oversold.The selloff is not over for Nvidia.The news about $NVIDIA(NVDA)$ , and the current uncertainty affected the setup, and as mentioned last week, the levels help to set ranges in times when prices are presenting rapid swings.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 enjoy up to 6 months of Commission-Free

During the week that just ended, the expected bounce started on Monday AM, however, with a gap up, which in volatile markets like this one is risky considering the chances of a rapid fill, which happened during that same day.The $S&P 500(.SPX)$ managed to stay above its central level, actually $5,226 was the precise level from where the price bounced on Wednesday, as $521 for $SPDR S&P 500 ETF Trust(SPY)$ , $182.7 for $iShares Russell 2000 ETF(IWM)$ , $441.5 for $Invesco QQQ(QQQ)$ , and $18,155 for $NASDAQ 100(NDX)$ . Tech provided an example of levels momentarily breached.T

Investing with support and resistance levels is a cornerstone of technical analysis and a vital practice for traders of all experience levels. Here's why it's so important:1. Identifying Potential Turning Points: Support and resistance levels represent areas on a price chart where buying or selling pressure has historically been strong enough to halt and potentially reverse the current trend. Recognizing these levels helps you anticipate where price might change direction, offering strategic entry and exit points.2. Defining Risk and Setting Stop Losses: These levels provide logical references to set stop-loss orders. If you enter a long position near a support level, a break below that level can signal that the bullish assumption was invalidated, making it a prudent place to limit potenti

$S&P 500(.SPX)$ : As anticipated yesterday, the $Cboe Volatility Index(VIX)$ declined; however, that was not the case for SP500, but the index managed to stay in the light green. No surprise, who would close with a big bounce ahead of a long weekend with such uncertainty? Bounce thesis still on.The lack of conviction in price action is widening again the lower Bollinger band. The potential implication is a delay in the bounce and the risk of lower lows. The oscillator is setting up a bearish reversal as well.Not a good close for the week, even with a resilient price action despite of $UnitedHealth(UNH)$ $NVIDIA(NVDA)$

Charts tell stories, let's talk Moving Average Crossovers, considering the recent death cross in $SPDR S&P 500 ETF Trust(SPY)$ (50DMA in yellow and 200DMA in pink)Simple, effective, but not foolproof.ImageMAs smooth out price action. Think 20-day (short-term; blue), 50-day (medium-term; orange), 200-day (“the big picture” pink). A Crossover? It's when a faster MA goes above or dives below a slower one.🚀📉ImageBullish Crossover (aka "Golden Cross" for 50/200): Short-term MA breaks above Long-term MA. The market's whispering potential upside momentum. Could be confirmation or an early entry signal.SPY in February 2023:ImageBearish Crossover (aka "Death Cross" for 50/200): Short-term MA slices below Long-term MA. Suggests downside momentum kicking