$NVDA Extreme Peak PatternYesterday's Top Gainer for the NASDAQ has found support at a precise technical level. This is usually technical professional traders. There could also be a few Dark Pools in the mix.
DPO Cycle Chart: The Detrending Price Oscillator I use to show the long-term cycle of a stock shows an Extreme Peak which needs to pattern out with the stock shifting sideways for a while. The Extreme Peak is not necessarily an exhaustion of trend pattern.
Between 2007 and 2020, NASDAQ:AAPL had 4 Extreme peaks, corrected and resumed the uptrend between each peak. Troughs were shallow during those years.
NASDAQ:NVDA needs to shift into a platform or other sideways trend to pattern out the Extreme Upward Cycle Peak. Otherwise, at some point, the over-speculated price will become a correction on the short-term or intermediate-term trend. This means that NVDA can move higher for a while BUT this is not an ideal long-term entry level until it patterns out that extreme peak.
AAPL
The Illuminated Ascension of the Market.Since I presented my bearish prophecy, I've traversed the vast expanse of financial data in search of the Achilles' heel to counter my own narrative. The cosmos itself has conspired this evening to bestow upon me the final pieces of this intricate puzzle.
On the ominous date of 8-18, a staggering 70% of market contracts bow to the bearish sentiment. This, I postulate, is the very reason for a tight squeeze leading up into this date – a sly play to ensure the bears' demise, leaving their positions reduced to mere ephemeral memories. (Forgive my wickedness, for in the end, it's merely the cutthroat dance of commerce).
As the sands of time flow and we bid adieu to 8-18, expect a swift downturn; a mere blip, a hiccup if you will. But fear not, for the hungry wolves shall quickly gather to devour this dip, leading us into the waning days of August and the dawn of September.
Post the ritualistic dance of the wondrous blue moon, brace for a cosmic parabolic squeeze ascending towards the 9-15 expiration - ensuring the bears are banished into the void eternally.
Upon the ethereal touch of 17.2k, my machinations will recalibrate.
Godspeed on your cosmic journey, astral adventurers.
💜✨🌙✨🌌✨🌙✨💜
AAPL Longterm viewI’m looking for buying some shares at 160$,
as you can see, sellside liquidity was taken, which is my first confirmation, my second confirmation is displacement above the previous, i would like to see it retrace to 160$ or lower, which sits below 0.5 fib AKA discount zone, anything there is buying zone for me.
This is purely technical analysis, since i believe in this stock.
$MQ reversal play 👁🗨️*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
This afternoon my team purchased shares of FinTech company Marqeta $MQ at $4 per share.
Our Entry: $4.00
Take Profit: unclear (we will use the fib-tool to determine a good take profit)
Stop Loss: $3.75
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Apple: Almost ripe for the picking 🍏The Apple price has fallen significantly and has meanwhile dipped into our green target zone. Thus, we think that it is currently in its green wave (4), whose end it should slowly dedicate itself to. Afterwards, it then goes uphill for him, why placing long orders is worthwhile. Alternatively, it would go even further downhill should the price fall below the upper target zone. According to this scenario, which we assign a probability of 34%, the price would have to fall into our second target zone.
✅ Daily Market Analysis - MONDAY AUGUST 07, 2023Key News:
USA - FOMC Member Harker Speaks
USA - FOMC Member Bowman Speaks
UK - BoE MPC Member Pill Speaks
European markets managed to eke out modest gains on Friday, offering a small respite after enduring an overall negative week. The prevailing market sentiment was burdened by worries related to earnings guidance downgrades and the continuous rise in long-term yields.
Nevertheless, the release of a mixed US jobs report played a role in stabilizing sentiment and provided a lift to the DAX and FTSE100 from their weekly lows. The report indicated a slowdown in jobs growth during July, coupled with downward revisions to previous months' data. This suggested that the central bank's rate hikes have had an impact and that no further rate hikes are anticipated at this time. The combination of these factors contributed to the market's rebound towards the end of the week.
DAX Indices H4 chart
FTSE 100 indices H4 chart
The S&P 500 index encountered a decline, mainly influenced by a drop in Apple's stock and a mixed July jobs report. The report revealed that job gains in July were lower than anticipated, but there was a slight increase in wages, leading to concerns about the possibility of a re-acceleration in inflation.
As a result of these factors, the S&P 500 index experienced a 0.5% decrease, while the Dow Jones Industrial Average fell by 0.4% or 143 points, and the Nasdaq saw a decline of 0.2%. The market's reaction to the employment data and Apple's performance weighed on investor sentiment, contributing to the overall downturn in the indices.
NASDAQ indices H4 chart
SPX500 indices daily chart
In July, the economy added 187,000 new jobs, which was slightly below economists' expectations of 200,000. However, there was a slight uptick in average hourly earnings, and the unemployment rate unexpectedly declined, indicating that the labor market remains tight. This situation may prompt the Federal Reserve to consider further actions to curb economic growth and manage inflation.
Interestingly, Treasury yields experienced a decline as investors speculated that the Fed might have already concluded its last interest rate hike in the previous month. It appears that the tightening measures implemented thus far are starting to have an impact on the economy and the labor market. The market sentiment is reflecting the belief that the Fed may be cautious in pursuing additional rate hikes, considering the current economic conditions and employment data.
Economists from Pantheon Macroeconomics emphasized that they still expect inflation numbers to be robust enough to influence the Federal Reserve's decisions in September. However, they acknowledge that the situation is uncertain and not a definite outcome. Investors are closely monitoring these economic indicators and policy developments to navigate the market's prevailing uncertainty.
Despite Apple Inc (NASDAQ: AAPL) reporting better-than-expected quarterly results, the company's stock experienced a significant decline of more than 4%. The drop was attributed to concerns regarding weaker iPhone demand persisting into the current quarter. While Apple's management is actively working on improving operational efficiency through cost-cutting measures, UBS pointed out that the challenging smartphone market, especially in developed regions, may act as a headwind for the company's stock performance throughout the remainder of 2023. The market sentiment towards Apple's stock remains cautious as investors carefully assess the company's outlook and its ability to navigate through market challenges.
Apple stock daily chart
In contrast, Amazon.com Inc (NASDAQ: AMZN) received praise for its outstanding performance in the earnings report. The company's stock surged by 9% following the announcement of better-than-expected results for the second quarter. A notable highlight of the report was the exceptional performance of Amazon Web Services, the company's cloud business, which contributed significantly to its impressive financial performance. The market responded positively to Amazon's strong performance, reflecting confidence in the company's ability to deliver robust results and capitalize on its cloud services business.
Amazon stock daily chart
The contrasting reactions to the quarterly earnings of tech giants Amazon and Apple highlight the complexities and challenges in the market. While Amazon impressed with its strong performance, concerns about the smartphone market weighed down on Apple's stock despite positive financial results. Investors are carefully analyzing industry trends and company strategies to make well-informed decisions in a rapidly evolving market.
Over the past two weeks, major central banks, including the Fed, ECB, and BoE, have conducted policy meetings, resulting in 25bp rate hikes. In contrast, the BoJ and RBA maintained their policy rates unchanged. The Fed and ECB emphasized a data-dependent approach, while BoE and ECB members expressed patience. The BoJ took a small step towards policy normalization by introducing greater flexibility to its yield curve control.
Amidst these diverse central bank policies and economic indicators, investors are closely monitoring data and policy statements to understand the trajectory of global monetary policies and their potential impacts on the markets.
Gold prices experienced a slight recovery on Monday after significant losses in the previous week. The recent surge in US Treasury yields, driven by concerns over higher interest rates and a US ratings downgrade, had put significant downward pressure on gold prices in recent trading sessions. As market conditions continue to evolve, investors are closely watching developments that could influence gold prices in the future.
XAU/USD H4 chart
Despite a minor rebound on Friday following weaker-than-expected nonfarm payrolls data, gold still ended the week with a 1% decline, marking its worst performance in over a month. Currently, market attention has shifted to the upcoming US consumer price index inflation data scheduled for release on Thursday, which will provide crucial insights into the state of the world's largest economy.
If the inflation data indicates a pickup after the sharp decline in June, it could fuel expectations of additional interest rate hikes from the Federal Reserve. In anticipation of strong inflation readings, gold is expected to continue its retreat, while the dollar is poised to appreciate. The market sentiment suggests that investors are closely monitoring economic indicators and central bank policies, which will influence the trajectory of gold prices and the US dollar in the coming days.
Apple -> Massive Breakdown And Now?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪
Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance.
As I mentioned over and over again the weekly timeframe looked quite overextended so I do expect even more short term bearish pressure before a reversal will be quite likely.
With Apple's gap down of -5% on Friday my last analysis, linked below, perfectly played out but there is no reason why Apple stock should reverse immediately so be careful and don't jump into longs too early.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
$AAPL- WEEKLY CHART LOOKS READY BOOM$AAPL is going to do some serious moves in the coming weeks. Class A Hidden Bullish Divergence on the oscillators with positive momentum starting to build with the follow through price action IE MACD Divergence.
Targets are $200, as this would be typical psycological resistance and $210.
As soon as we can crack above point B and claim new support, we are off to the races and will see upward price action.
Retraced to the common .382 - .500 ranges, as this is tpyical when the market/price is in a uptrend.
Very clear, cut and dry TA if you ask me. Tech Stocks/Crypto Market is awaking from the long and exhausting piss poor peformance and wants to run upward again.
Buy before the FOMO nerds get in ;)
AAPL Buy Long on Pullback?AAPL has been rock solid this year as illustrated by the daily chart. It is no
surprise that AAPL is Warren Buffets's biggest holding. The earnings were a
top line beat with revenue flat. New iPhone sales are off. The TSLA idea
of dropping price to boost demand and trying to maintain margins will
come into effect. The dip this week is remarkable given the range of those
red candles. Based on VWAP bands, AAPL is overbought and overvalued but
not badly so. Price has dropped under the longest moving average (HMA140)/
This is a small pullback I will use the opportunity to purchase a call option
striking over the money at $205 for mid-November as an intermediate
term veto that AAPL will march consistently higher. Because of this pullback
the options contract will be a bit cheaper and easier from which to achieve
a realized profit.
AAPL - Rising Trend Channel [MID -TERM]🔹Achieved target at 193 after breakout inverse head and shoulders formation.
🔹Supports at 174 and resistance at 196.
🔹NEGATIVE volume balance indicates higher volume on falling days.
🔹Technically NEUTRAL for medium long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
AAPL: Breakout of EMA-50 to the downside since January 23, 2023.The break of the EMA-50 to the downside represents a major correction as since January 23, 2023, the EMA-50 has been dynamic support where the price touched it on March 1, 2023, and then came very close on March 13, 2023.
After these dates, AAPL remained distant from EMA-50 until today, when it made the downward breakout making a gap and closing at 181.99 below EMA-50.
On the other hand, the relevant FIBO levels are 38% at (169.25) and the most important 50% at 160.78 coinciding with SMA-200.
Apple Stock Plunges 2% Despite Better-than-expected SalesYesterday, after the close of the main trading session on the stock exchange, the largest company by capitalization reported for the quarter.
→ AAPL EPS of USD 1.26 (expected $1.195);
→ Gross revenue was USD 81.8 billion (as expected);
→ The decline in iPhone sales was offset by strong sales in the services segment (which includes Apple TV+) and sales in China, which were up 8% year-on-year.
However, AAPL's share price fell in premarket today, probably because market participants are concerned about:
→ a forecast for a further decline in iPhone sales;
→ vague prospects for the release of a new product Vision Pro;
→ Apple's rising R&D spending reaching USD 22.61 billion a year.
The capitalization of the company fell below USD 3 billion.
The AAPL stock price chart shows that the price has not reached the psychological level of USD 200, while the market may be supported by:
→ the lower limit of the rising channel, within which the price has been moving since the spring of 2023;
→ the level of USD 176 per AAPL share – the price repelled from it in June.
The opening of trading is expected at the level of USD 187. According to MarketWatch analysts, the target price for AAPL shares is USD 195.00.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
AAPL Weekly Continues to March LONGAAPL on the weekly chart over the entirety of the years 2022-23 with a triple
Bollinger Band overlaid shows consistent marching along the second upper Bollinger
band ( 1.618 std) since mid January 2023 with a minor correction while crossing over
the basis midline band a month later. This is megacap consistence at its finest.
AAPL has had some inside bar weeks on a regular basis but follows with some ranging bars
as well. The dual time frame RS indicator shows the lower TF green line and higer TF
black line well align in the area of the 70 level slowly ascending overall.
AAPL is a titan of the NASDAQ with a healthy ecology of well liked products. I see it
as a lucrative investment or trader of dips and pops on a lower time frame. My choice
at this time is a call option striking a higher price of $205 expiring in mid-November.