Friday 5 July 2024

Nasdaq 100 Index: Getting closer to next 20545 P&F chart target as the AI & Conspicuous Consumption Bubble Gains Momentum!

 Nasdaq Composite Index: Getting closer to next  20545 P&F chart target as the AI & Conspicuous Consumption Bubble Gains Momentum! Next targets are  20545/ 21380! Beware any P&F chart reversals that can signal the end of the current rally!




Nasdaq Composite Index: Getting closer to next 18600 P&F chart target as the AI & Conspicuous Consumption Bubble Gains Momentum!

 Nasdaq Composite Index: Getting closer to next 18600 P&F chart target as the AI & Conspicuous Consumption Bubble Gains Momentum! Next targets are 18600/19193/19355 and 19548! Beware any P&F chart reversals that can signal the end of the current rally!





Monday 1 July 2024

Bitcoin BTC: Rebound rally upside targets 68K/70K. Cloud Chart & AI Trad...

Bitcoin: Strong P&F chart rebound with upside targets of 69864/77173! Upside P&F chart targets on the 4H P&F chart: 65750/67500/69250 and an eye popping 70500/71750!

 Bitcoin: Strong P&F chart rebound with upside targets of 69864/77173! Beware any P&F chart reversals to signal the end of the trend in and around upside targets!









Upside P&F chart targets on the 4H P&F chart: 65750/67500/69250 and an  eye popping 70500/71750! 









Downside risk targets are 58000/57000/55500 once activated on the P&F chart.


Tuesday 14 May 2024

GameStop GME: Artificial Intelligence Identified some great trades in GME! AI caught the recent rally in time! Winning with AI!

 GameStop GME: Artificial Intelligence Identified some great trades in GME! AI caught the recent rally in time! Winning with AI!  











https://www.metastock.com/offer/trial/3for1/?whc=alphaharvest3for1&pc=eq-alphaharvest

FTSE100: Getting closer to the 8525/8600 P&F chart targets! This comes soon after hitting 8275/8300/8425 P&F chart targets! Beware any consolidation and reversal risk in and around P&F chart targets to signal the end of the current trend!

 FTSE100: Getting closer to the 8525/8600 P&F chart targets! This comes soon after hitting 8275/8300/8425 P&F chart targets! Beware any consolidation and reversal risk in and around P&F chart targets to signal the end of the current trend!




Xetra Dax Index: Getting closer to next P&F chart target of 19000. This comes soon after hitting the 18500 P&F chart targets!

 Xetra Dax Index : Getting closer to next P&F chart target of 19000. This comes soon after hitting the 18500 P&F chart targets! Beware any consolidation and reversal risk in and around P&F chart targets to signal the end of the current trend! 




Tuesday 26 March 2024

Bitcoin BTCUSD: Rebounded from trend support after hitting targets. Next P&F targets are: 74903/77173!

 Bitcoin BTCUSD: Rebounded from trend support after hitting targets. Next P&F targets are: 74903/77173!










BTC consolidated after hitting the 71981 P&F chart target. Reversed lower to hit the downside target of 62621, then rebounded from key support zones on the P&F chart. 

Upside targets range from 74903/77173 short-term targets and with  82740/84403 as next medium, targets. Beware any P&F chart reversal to signal the end of the trend and indicate consolidation risk! 

So far so good! 

Friday 23 February 2024

Nasdaq 100 Index: Hitting targets as AI FOMO rally keeps the party going! Index recently hit the 17176 targets! Next targets 18000/18233.

 Nasdaq 100 Index: Hitting targets as AI FOMO rally keeps the party going! Index recently hit the 17176 targets! Next targets 18000/18233. Beware consolidation and P&F chart reversal risk to signal the end of the current rally! AI expectations keeping the party going and going!




S&P500 Index AI driven rally hitting P&F targets @ 4902/5001 and close to 5101 with next target 5152. Beware consolidation/reversal risk close to targets. Party like its 1999!

 S&P500 Index AI FOMO driven rally hitting P&F targets @ 4902/5001 and close to 5101 with next target 5152.  Beware consolidation/reversal risk close to targets. Party like its 1999! 



Thursday 22 February 2024

NVDA: Blast off after a great earnings result. NVDA getting closer to 785/793 upside P&F targets! 809/834 not far off! AI party party time!

 NVDA: Blast off after a great earnings result. NVDA getting closer to 785/793 upside P&F targets! 809/834 not far off! AI party party time! Beware any consolidation and P&F chart reversals to signal the end of the rally and a period of consolidation. 

Bumper earnings report! 





Thursday 15 February 2024

BITCOIN Cloud Chart rebound rally getting closer to next target resistan...

BTCUSD Bitcoin reached the 50000/50500 & 52000 P&F targets after a strong rebound from support at 38000. Next upside targets are 53500/56500!

 BTCUSD Bitcoin reached the 50000/50500 & 52000 P&F targets after a strong rebound from support at 38000. Next upside targets are 53500/56500! Beware any P&F chart reversals to the downside to signal the end of the current rally and a consolidation at support zones before the setup for the next advance! 









Looking intraday chart, there is a cluster of targets around the 54250/55250/55500 zones! 

Could see a consolidation around these targets once met. Beware any major P&F chart reversals to the downside to signal the consolidation period. Trend line support zones possible rebound zones!




Wednesday 14 February 2024

NDX100: Consolidating after hitting 18000 P&F target! This comes soon after hitting 16700/17000/17200 targets. Seasonal downside consolidation risk down to 17400/17200/17000!

 NDX100: Consolidating after hitting 18000 P&F target! This comes soon after hitting 16700/17000/17200 targets. Seasonal downside consolidation risk down to 17400/17200/17000!  Next upside targets after consolidation is 18100/18200/18300!









Beware Q1 seasonality!




NDX 100 Index still following seasonal patterns. It is doing what it does this time of the year! So far so good!

 NDX 100 Index still following seasonal patterns. It is doing what it does this time of the year! So far so good! Here the 40 year and 20 year average annual seasonal patterns to compare to the current rally.





Monday 12 February 2024

NVDA up 62% in 66 days since the Cloud Chart buy signal! NVDA very extended and in need of a consolidation.

 NVDA up 62% in 66 days since the Cloud Chart buy signal! NVDA very extended and in need of a consolidation.




NVDA: AI party keeps going as NVDA hit the 725 target! Next target 745 and a tasty looking 750 to 775!

 NVDA: AI party keeps going as NVDA hit the 725 target! Next target 745 and a tasty looking 750 to 775!  Beware any P&F chart reversals and consolidations at and around targets to signal the end of this climatic rally! 




Nasdaq 100 & Nasdaq Composite Index: Point & Figure and Cloud Chart Rev...

Nasdaq 100 Index: Hitting targets as the AI rally keeps the party going! Index recently hit the 17000/17200 targets! Next targets 18000/18100/18200 and 18300!

 Nasdaq 100 Index: Hitting targets as AI rally keeps the party going! Index recently hit the 17000/17200 targets! Next targets 18000/18100/18200 and 18300! Beware consolidation and P&F chart reversal risk to signal the end of the current rally! AI expectations keeping the party going and going!




Nasdaq Composite Index: Hitting targets as AI rally keeps the party going! Next targets 16000/16400! Beware consolidation and P&F chart reversal risk!

 Nasdaq Composite Index: Hitting targets as AI rally keeps the party going! Index recently hit the 15100/15200  and 15500 targets! Next targets 16000/16400! Beware consolidation and P&F chart reversal risk to signal the end of the current rally!



Thursday 8 February 2024

NVIDIA: Hit 670/683 P&F targets. Next targets 725/745 & 775! Beware any...

CRWD Crowdstrike: Hit 300, 311&317 P&F chart targets! Next targets 324/3...

Earnings Scorecard: For Q4 2023 (with 46% of S&P 500 companies reporting actual results), 72% of S&P 500 companies have reported a positive EPS surprise and 65% of S&P 500 companies have reported a positive revenue surprise.

 


Key Metrics

 Earnings Scorecard: For Q4 2023 (with 46% of S&P 500 companies reporting actual results), 72% of S&P 500 companies have reported a positive EPS surprise and 65% of S&P 500 companies have reported a positive revenue surprise.

 Earnings Growth: For Q4 2023, the blended (year-over-year) earnings growth rate for the S&P 500 is 1.6%. If 1.6% is the actual growth rate for the quarter, it will mark the second-straight quarter that the index has reported earnings growth.

 Earnings Revisions: On December 31, the estimated (year-over-year) earnings growth rate for the S&P 500 for Q4 2023 was 1.5%. Seven sectors are reporting higher earnings today compared to December 31 due to positive EPS surprises.

 Earnings Guidance: For Q1 2024, 31 S&P 500 companies have issued negative EPS guidance and 17 S&P 500 companies have issued positive EPS guidance.

 Valuation: The forward 12-month P/E ratio for the S&P 500 is 20.0. This P/E ratio is above the 5-year average (18.9) and above the 10-year average (17.6).


Check out the report here by FACTSET:

https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_020224.pdf

Nasdaq Composite (IXIC) performing well in line with seasonal trends this time of year. IXIC still doing what it does this time of year, but beware the seasonal weak period ahead!

 Nasdaq Composite (IXIC)  performing well in line with seasonal trends this time of year. IXIC still doing what it does this time of year, but beware the seasonal weak period ahead!

IXIC still following the 40 year average seasonal trends , with downside risk going deeper into February on a seasonal basis. Critical weeks ahead!



S&P500 still doing what it does this time of year, but beware the seasonal weak period ahead! Critical weeks ahead!

 S&P500 still doing what it does this time of year, but beware the seasonal weak period ahead! Critical weeks ahead! 

S&P500 still following the 40 year average seasonal trends , with downside risk going deeper into February on a seasonal basis. 




Wednesday 7 February 2024

S&P500 Index getting closer to the 5000 P&F target. This comes soon after hitting the 4700/4750/4800/4850 & 4900 P&F targets! Targets after the 5000 level are 5050/5100! Ripe for consolidation!

 S&P500 Index getting closer to the 5000 P&F target. This comes soon after hitting the 4700/4750/4800/4850 & 4900 P&F targets! Targets after the 5000 level are 5050/5100! 

Beware a P&F chart reversal to signal the end of the current trend and the start of a consolidation. Downside consolidation risk are 4800, 4600 & 4550! But so far so good, the 5000 party is on its way! Party like its 1999 for the extended S&P500 Index! 




NASDAQ100: NDX hit 17200 P&F chart target! Next targets 18000, 18100/18200 as the AI & conspicuous consumption bubble rally gains steam!

 NASDAQ100: NDX hit 17200 P&F chart target! Next targets 18000, 18100/18200 as the AI & conspicuous consumption bubble rally gains steam! Beware Q1  seasonality and any P&F chart reversals to signal the end of the trend! NDX hit the 17200 soon after hitting the 17000, 16700 targets! Downside risk target is 16400 close to P&F trend line support zone!



META: King of the social sewage stocks, reached the 468 target. Now consolidating recent gains with downside support targets: 445/438.

 META: King of the social sewage stocks, reached the 468 target as well as a FIB target of 473! Now consolidating recent gains after the P&F sell signal at 480, with downside support targets: 445/438. Looking out for the next P&F chart buy signal! 



Friday 2 February 2024

Meta: Up 59% since Cloud Chart buy signal! What a rally! Very extended now from the Cloud! King of the social sewer stocks doing great!

 Meta: Up 59% since Cloud Chart buy signal! What a rally! Very extended now from the Cloud! King of the social sewer stocks doing great! Need a consolidation now to develop a new support zone! 










Dividend and buyback made for a few new surprises in Meta! 384.33 new support zone in this rally!








Tuesday 30 January 2024

Bitcoin BTCUSD: Rebounded from Cloud Chart support zones 39082/39648 and now fighting resistance at top end of the Cloud!

Bitcoin BTCUSD: Rebounded from Cloud Chart support zones 39082/39648. The rebound rally hit the standard line resistance zone of the Cloud. Now fighting top end Cloud Chart resistance zone that is also a front end Cloud Chart resistance zone! Need a breakout past 43725 then the next upside target is 45225! Downside risk 42878/42374! support zones!



Thursday 25 January 2024

TSLA: Hitting P&F targets of 193/189/185. Next target 180/166. Beware any P&F chart reversals to signal end of current trend! TSLA down more than 28% since P&F chart sell signal!

 TSLA: Hitting P&F targets of 193/189/185. Next target 180/166. Beware any P&F chart reversals to signal end of current trend! TSLA down more than 28% since P&F chart sell signal! 



Tuesday 23 January 2024

DJI Dow Jones Industrial Avg Index: Hit the 38000 P&F chart target as the great conspicuous consumption bubble gains steam! Index is ripe for a consolidation/correction!

 DJI Dow Jones Industrial Avg Index:  Hit the 38000 P&F chart target as the great conspicuous consumption bubble gains steam! Index is ripe for a consolidation/correction! 

Next targets 38500/39000! Index is up +31% since the primary P&F chart buy signal and up +16% since the most recent buy signal!

Beware any P&F chart reversal to signal the end of the current trend and the consolidation process back down to 36000 support zone. The index is also close to the Fib extension target of 38300! 







Monday 22 January 2024

NASDAQ100: NDX hit 17000 P&F chart target! Next targets 18100/18200 as the AI & conspicuous consumption bubble rally gains steam! Beware Q1 seasonality and any P&F chart reversals to signal the end of the trend!

 NASDAQ100: NDX hit 17000 P&F chart target! Next targets 18100/18200 as the AI & conspicuous consumption bubble rally gains steam! Beware Q1  seasonality and any P&F chart reversals to signal the end of the trend! NDX hit the 17000 soon after hitting the 15700/16100/16400/16700 targets! 



Meta: King of the social sewer stocks! Meta makes its money from hate speech, parental neglect, online abuse, fake news and vanity! Getting closer to 390/399 upside targets!

Meta: King of the social sewer stocks! Meta makes its money from hate speech, parental neglect,  online abuse, fake news and vanity! Getting closer to 390/399 upside targets!  Targets after a consolidation around the old resistance zone around 390, is 414 to 438! 




AAPL: Rebounded from 180 support. On its way to the next P&F chart target of 199/201 and then 213/217/228. Need a beak out past 201 resistance!

 AAPL: Rebounded from 180 support. On its way to the next P&F chart target of 199/201 and then 213/217/228. Need a beak out past 201 resistance! 



SMCI: Getting close to 435 P&F chart target! This comes soon after hitting the 335/355 & 375 targets! Next targets after 435 are 465/505!

 SMCI: Getting close to 435 P&F chart target! This comes soon after hitting the 335/355 & 375 targets! Beware any consolidations/P&F chart reversals around targets to signal the end of the trend. Next targets after 435 are 465/505! SMCI is up more than 80% since the primary P&F chart buy signal!



MSFT: Hitting P&F chart targets of 383/395 and close to 399 target! MSFT up +80% since the P&F chart buy signal!

 MSFT: Hitting P&F chart targets of 383/395 and close to 399 target! MSFT up +80% since the P&F chart buy signal! Next target 419. Beware any P&F chart reversals around targets to signal the end of the trend. So far so good!  




NVDA: On its way to 600/610 P&F chart targets! NVDA hit the 555, 580, 585 and 590 P&F chart targets recently!

  NVDA: On its way to 600/610 P&F chart targets! NVDA hit the 555, 580, 585 and 590 P&F chart targets recently! Beware any P&F chart reversals around targets to signal the end of the trend.  NVDA is up by 49% since the P&F chart support rebound buy signal! So far so good!



Thursday 4 January 2024

Bitcoin: AI & Cloud Chart Trading Review 2024. Upside targets 48K/52K. D...

Xetra Dax Index: Cloud Chart Review: Downside consolidation risk: Front ...

Nasdaq 100 index Futures Cloud Chart Trading Review 2024. Consolidating ...

AAPL: Fighting hard for support at top end Cloud Chart support zone: 184. Downside risk towards front cloud support zone of 182 and bottom end of the cloud at 179 if support fails.

 

AAPL: Fighting hard for support at top end Cloud Chart support zone: 184. Downside risk towards front cloud support zone of 182 and bottom end of the cloud at 179 if support fails. 

Critical week ahead for a potential rebound from 182 Cloud Chart Support zone, with upside resistance target of 194.




If AAPL drops below the 182/179 Cloud Chart support zone then the outlook will change to bearish. 

AAPL is down more than 6% since the becoming extended from the Cloud and the sell signal above the cloud

TSLA: Fighting hard for support at top end Cloud Chart support zone: 236. Downside risk towards 231/220 if support fails. Critical week ahead for a potential rebound from 236 Cloud Chart Support zone!

 TSLA: Fighting hard for support at top end Cloud Chart support zone: 236. Downside risk towards 231/220 if support fails. Critical week ahead for a potential rebound from 236 Cloud Chart Support zone! 

Upside resistance targets 251/255!