NASDAQ 100 CFD
12,000 SPY Prediction by 2028 "Roaring 20s Hello Again"
Start of 1995 the NASDAQ was at 1,578, Start of 2,000 it stood at 8,688 x of 5.505
If we take the bottom of composite 11,073 that takes us to 60,956 and this only the Nasdaq composite
This would put the US stock markets combined over 300-400 Trillion dollars.
The Federal Reserve will be forced to repeat the same policies lowering or holding rates steady to beat both inflation and unemployment, the last thing people are expecting is a parabolic melt up of all major markets. This is why I'm posting proof
We're moving into the age of Bitcoin as a global reserve currency, robotics and Ai.
The USA has started to accept miners logic and Bitcoin economics.
While people waited for the recession, while people waited for the bubble to pop, the reality is it has just started.
I'm surprised majority are still watching this unfold on the side-lines waiting for the
"bubble to pop" but then again when they come back in saying its "not a bubble" I will be defensive.
NASDAQ Short-term pull-back possible. Know when to buy.Nasdaq (NDX) delivered an excellent buy signal last time we looked at it (May 30, see chart below) and is approaching our 19900 Target:
The pace of this rise however has been very strong, certainly stronger than the December 2023, which we used as fractal comparison, and the price already reached the top (Higher Highs trend-line) of the 1.5 year Channel Up.
At the same time, it hit the 2.0 Fibonacci extension level from the last Lower High before the break-out, while the 1D RSI reached the 78.00 overbought level. On the past fractal, the short-term correction that followed, bottomed on January 05 2024 on the 1.5 Fib ext.
As a result, we can't dismiss a short-term pull-back now but we will expect it to find Support around 19050 (Fib 1.5). We will use it as a new buy entry and target 20500 (the 2.618 Fibonacci extension) as we expect a new, more aggressive Channel Up to emerge.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Dow 'Big Yikes' moment as it gravely lags behind BigTech rallyA stock-market rally concentrated on an ever-narrowing cohort of tech stocks is leaving the Dow Jones Industrial Average behind as the Nasdaq Composite (IXIC), Nasdaq-100 hit records, making investors nervous.
The scope of the divergence on Wednesday, with the Nasdaq-100 finishing posting a 1.33% gain versus a 0.09% fall for the Dow DJIA was particularly troubling.
This is quite rare moment as the Dow posted a daily close more than 1.0 percentage points below Nasdaq-100 Index and more than 0.9% below S&P500 Index.
That is a 'Big Yikes' moment.
It's largely a statement on very bad breadth of the market, as we're incredibly reliant on just a very small number of names.
The rally more recently, he noted, has been driven largely by longtime AI favorite Nvidia Corp. (NVDA), and Apple Inc. (AAPL), which has surged nearly 9% this week as it outlined its own plans to add AI to its products.
The Super concentration is manifested in any number of breadth statistics, which track how many stocks in an index are participating in a move, including the percentage of stocks at 52-week highs versus 52-week lows and the percentage above their 200-day moving average.
For example, just one component of SP500 Index - that is Nvidia.. had accounted for 35% of the increase in the S&P 500's market cap in 2024.
Such a high concentration implies that if NVIDIA continues to rise, then things are fine and dandy.
But if it starts to decline, then the market will be hit hard.
Overall, presidential-election years tend to be strong ones for the market, particularly in the fourth quarter. And years that begin strong also tend to hold up.
But everything could end, earlier or later.
The main chart is the ratio between Nasdaq-100 (NDX) and Dow Jones (DJI) Indices. That indicates that June quarter posting an extremely new historical high between these two Major indices, first time over the past 25 years.
A very historical times we live.
NASDAQ will continue to rise on this pattern repetition.Nasdaq (NDX) has been trading within a (blue) Channel Up since basically the market bottom of the inflation crisis in October 2022. On the bigger picture, this is the technical Bullish Leg of the 14-year Channel Up and is supported by the 1W MA50 (blue trend-line) since March 13 2023.
Based on the 1W RSI pattern, we have previously seen such Bullish Leg within the long-term Channel Up supported by the 1W MA50, back on the February 08 2016 bottom. As you can see on this 1W chart, both Bullish Legs (Channel Up patterns) made their first pull-back on the 0.5 Fibonacci retracement level. In June 2018, the previous fractal reached the 5.0 Fibonacci extension and shortly after, the index corrected aggressively back at the bottom of the 14-year Channel Up.
We expect Nasdaq to hit again the 5.0 Fib ext sooner or later but most likely before the year is over. This gives us a medium-term Target of 22000.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
NASDAQ: Perfect pullback execution. Bullish reversal next week.Nasdaq delivered the expected pullback which was validated when it crossed under the 4H MA50. Today it almost reached the 1D MA50, which is also where the 4H MA200 sits, turned momentarily bearish on the 1D technical outlook (now neutral/ RSI = 47.140, MACD = 151.030, ADX = 59.182) and the 1D RSI achieved symmetry with the December 6th 2023 Low. We still expect the 1.5 Fibonacci extension to get reached before the next pullback (TP = 19,250).
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
NASDAQ Another 2 weeks of consolidation possibleNasdaq (NDX) made the bullish break-out that we largely expected as described on our previous idea (May 15, see chart below) and almost hit our 19100 Target:
Right now we see a short-term pull-back, which based on the November - December 2023 fractal (green ellipse), should be at worst a 2 week consolidation. The 1D RSI also shows that symmetrically we should be at a point similar to December 06 2023.
That fractal then rose for a Higher High on the 2.236 Fibonacci extension. As a result, our medium-term Target is now set at 19900 (just under the 2.236 Fib and top of the 1.5 year Channel Up).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
NASDAQ, S&P 500 Trying to Rebound From Q2 LowsOn Wednesday, volatility surged back into the market, with the CBOE Volatility Index (VIX) spiking 9% after hitting nearly three-year lows last week. The yield on the 30-year Treasury note, a crucial benchmark for mortgage rates nationwide, soared to 4.74%, rising more than 15 basis points over two sessions and nearing its highest close since May 2. As yields climbed, bond prices dropped, with the iShares 20+ Year Treasury Bond ETF falling 1.3%. Investors fear that the Fed will not cut interest rates more than once by the end of the year and not before November, as suggested by current Fed futures pricing.
All major U.S. equity indices and all eleven sectors traded in the red, with the U.S. dollar effectively playing its safe haven role. The Invesco DB USD Index Bullish Fund ETF rose 0.5%, marking its strongest day in a month. Rising yields and a stronger dollar pressured commodities, with gold prices down 1%, oil down 1.3%, and natural gas down 5%.
Semiconductor giant NVIDIA Corporation has been surging in value and could soon be the most valuable company in the world. The strong gains for Nvidia and other Magnificent 7 stocks have helped boost several major stock indexes, but also show significant weighting for a small basket of stocks. The top five holdings in the S&P 500, which is tracked by the SPDR S&P 500 ETF Trust, are Microsoft, Nvidia, Apple, and Amazon.com Inc., which are all Magnificent 7 stocks.
Analysts predict Nvidia shares will trade higher in the coming months with strong optimism for new products and continued artificial intelligence growth opportunities. However, the concern for investors could be the high weighting the seven companies have on a composite index that is supposed to represent the overall U.S. stock market. With 500 stocks represented in the SPDR S&P 500 ETF Trust, the fact that the top seven companies make up 31%, means that 493 stocks make up around 69% of the weighting.
While FED depends on Data NVDA stocks clearly predict Zero RatesNvidia reported another blowout earnings report in its first-quarter results, and its stock is soaring to record highs above $1,000 per share on Thursday.
The company reported revenue and profit that surpassed analyst estimates and offered second-quarter revenue guidance that was well ahead of Wall Street's expectations. On top of that, the company announced a 10-for-1 stock split and increased its quarterly dividend by 150% to $0.10 per share.
Wall Street analysts were impressed by the results, with a slew of price target increases hitting the tape this Thursday morning.
Goldman Sachs (GS): "New products to drive sustained growth in Data Center"
⚡ Analysts at Goldman Sachs pointed out that the company delivered accelerated year-over-year revenue growth, with its Data Center business growing revenue at 427%.
JP Morgan (JPM): "Demand continues to outstrip supply into CY25".
⚡ Analysts at JPMorgan said they were impressed that Nvidia is seeing more and more industries participate in the demand for its H100 AI chips.
Bank of America (BA): "Now see $50+ EPS power in two years".
⚡ Analysts at Bank of America said Nvidia's first-quarter earnings report suggests a smooth transition to the company's next-generation Blackwell chips, and that's going to lead to massive revenue gains.
Wedbush: "AI revolution just getting started"
⚡ Analysts at Wedbush said the "AI gold rush" is just getting started as a "tidal wave" of spending on AI chips hits the entire tech sector.
Nonetheless, this story is a little bit another, rather than Goldilocks tales.
With more than 25 years of NVDIA shares trading, and an amazing 237000 % profit since NVDA IPO inception in January, 1999, in nowadays it costs approximately as low as 0.20x to S&P500 stock index (SPX equal appr. to 5 (five) NVDA shares in this time).
The main technical graph is a differentials exposure between 5 NVDA shares and SP500 index.
Well.. there're you see 3 clear cases of NVDA shares advantage over the past 25 years:
• Early 2000's when US Interest Rates turned Zero.
• 2007-09 when US Interest Rates again turned Zero.
• Early 2020's when US Interest Rates once again turned Zero.
While FED officials depends on Data, maybe (just maybe) NVDA stocks indeed clearly predict deflationary winds and US Interest Rates at Zero again.
Thanks for happy reading.
😎 Cheers, Pandorra
Buckle Up! Nasdaq Soar on Nvidia's AI Powerhouse ForecastThis analysis examines the potential for continued growth in the Nasdaq-100, fueled by Nvidia's positive earnings outlook. The analysis explores the following key points:
* Nvidia's Strong Earnings Projection: Nvidia, a leading player in the artificial intelligence (AI) sector, recently released a robust quarterly forecast, boosting investor confidence in the technology sector and potentially propelling the Nasdaq-100 to record highs.
* Market Volatility Expected: The analysis acknowledges the potential for significant price fluctuations following Nvidia's earnings release, as options markets anticipate an 8% move for the stock. This volatility could have a ripple effect on the broader "AI Revolution" trade, which has become a dominant force in the stock market.
* Growth Stocks to Consider: The analysis identifies three high-growth stocks with the potential to outperform the Nasdaq-100: Alphabet, Deere & Company, and AeroVironment. Each company is discussed in the context of its specific growth drivers.
* AI and Technology Driving Growth: The analysis concludes by reiterating the significant role that AI and technology advancements play in the Nasdaq-100's overall performance. The ongoing innovation by key players like Nvidia, coupled with the positive outlook for companies like Alphabet, Deere, and AeroVironment, positions the Nasdaq-100 for continued growth.
SPX STORYAs you can see, the S&P 500 index closed at a higher price on March 2nd, 2008 than it did on August 1st, 1996. However, it closed at a lower price on March 1st, 2000 than it did on March 2nd, 2008. This means that if you had bought the S&P 500 index on August 1st, 1996, you could have bought it again on March 2nd, 2008 for slightly cheaper. However, if you had bought it on March 1st, 2000, you would have had to wait until February 2013 to see a new market high.
The S&P 500 index has seen a strong upward price movement since breaking out of a 13-year consolidation period in February 2013. The index made a new post dot-com high in February 2013, and then went on to make an all-time high of 4818 in January 2022. As of June 2023, the index is trading at 4282.
I understand that many people believe the S&P 500 index is in a bubble and that we are just experiencing a bear market rally. However, it is important to consider all possibilities, as the market can be humbling. Investors not too long ago lived through a period of over a decade where they saw no new market highs, but were able to buy stocks at a lower price after 13 years.
🍌🍌 SUPERMICRO — AI INFRASTRUCTURE STOCKS GO BANANA Supermicro is an American company, a major manufacturer of motherboards, cases, power supplies, cooling systems, SAS controllers, Ethernet and InfiniBand. The company specializes in the production of x86-server platforms and various components for servers, workstations and data storage systems. The headquarters is located in San Jose, USA. Founded in 1993.
Supermicro, Inc., a provider of end-to-end IT solutions for cloud computing, artificial intelligence/machine learning, storage, and 5G/Edge communications, continues to expand its data center portfolio with NVIDIA end-to-end rack cabinet solutions HGX H100 equipped with liquid cooling systems.
Supermicro's advanced liquid cooling technologies help reduce time-to-commissioning, improve performance levels, and reduce data center operating costs while dramatically reducing energy efficiency.
It is estimated that when using Supermicro liquid cooling systems (compared to air-cooled data centers), data centers save up to 40% in terms of power costs. In addition, direct cooling costs can be reduced by up to 86% compared to existing data centers.
"Supermicro continues to lead the industry by meeting the ever-growing needs for AI systems and modern data centers around the world," said Charles Liang, President and CEO of Supermicro.
AI-optimized racks powered by Supermicro's latest product lines, including server product lines from AMD, can be quickly created from standard engineering templates and easily customized to meet unique user requirements.
The ultra-modern GPU liquid cooling server includes dual processors from NASDAQ:INTC or NASDAQ:AMD and four or eight interconnected NVIDIA ( NASDAQ:NVDA ) HGX H100 Tensor Core GPUs.
The use of liquid cooling systems can reduce the energy consumption of data centers by up to 40%, which in turn leads to lower operating costs.
In addition, both systems significantly outperform previous generation NVIDIA HGX GPU-powered solutions, delivering up to 30x performance gains and improved efficiency of today's Transformers with faster connections between GPUs and networks and storage built with PCIe 5.0 standard.
The technical picture illustrates the possibility of continued explosive growth in Supermicro shares, which are up more than 160 percent since the beginning of the year.
QQQ Double Top on Bearish DivergenceIf you haven`t bought the dip on QQQ:
Then it's important to understand that it's currently exhibiting a double top formation, known as one of the most bearish chart patterns, along with a substantial bearish divergence. I foresee a retracement soon, possibly to $416, but I still expect it to finish the year on a positive note!
NASDAQ: Overbought and on a 4H Golden Cross.Nasdaq is almost overbought on the 1D timeframe (RSI = 69.095, MACD = 114.290, ADX = 45.033) and even though it has entered a new long term bullish wave, a short term technical correction is needed. In addition, it has completed the first 4H Golden Cross since November 8th 2023. The index then crossed over the LH trendline. We are already above the new LH. Enter on the next 4H MA50 contact and target the 1.5 Fibonacci extension (TP = 19,250).
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
NASDAQ Invalidated the bearish scenario and marching to 19100.Three weeks ago (April 23, see chart below) we called for a relief rally on Nasdaq (NDX) 18000, right when the price was at the bottom of its correction:
The Target was the top of the Channel Down, which was the correction pattern and just below the 0.786 Fibonacci retracement level which during the July - October 2023 correction was where the uptrend was rejected and pushed the Channel Down to a Lower Low.
Well now this bearish sentiment has been invalidated as the index broke above both the top (Lower Highs trend-line) of the Channel Down, as well as the 0.786 Fib. This gives form to a Channel Up. The 1D RSI sequence is similar with the post October 26 2023 bottom and we might be in a similar situation as the November 07 2023 break-out (ellipse).
That bullish break-out topped on the 1.618 Fibonacci extension (blue pattern) before the next short-term pull-back. As a result we formulate our medium-term Target to 19100 (just below the 1.618 Fib ext).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
#NDX - 10 MayDespite the strength in DAX, SPX and US30, NDX is somewhat neutral as it is still held by 18155 strong level.
As such, it is an indication of possible down move for today is this "weakness". 18041 would be the level to look for support and a long for a move higher. Upside target would be 18225.
Similar to SPX, if NDX rally higher from here to 18225 double resistance, would look for possible rejection for a short to target 18155 strong level.
Pre-Market Analysis: May 9th, 2024 $ES & $SPYMarket Observations:
The S&P 500 futures NYSE:ES and S&P 500 ETF AMEX:SPY have consolidated with low volume over the past two days.
Trading Strategy:
Given the current range-bound price action, I am not actively seeking trades around the 5200-5210 level.
Instead, I am looking for a breakout from this range accompanied by increased volume to establish a directional trend.
Bullish Scenario:
A sustained breakout above 5210 suggests a potential rally towards 5240.
Entry: Long after a pullback that finds support above 5210.
Note: Short positions may be considered if weakness emerges around 5210.
Bearish Scenario:
A sustained break below 5200 could lead to a decline towards 5180 and potentially 5150.
Given the recent buying pressure, this decline would likely be swift.
Entry: Short positions may be considered, but with limited size due to the potential for quick reversals.
Overall:
This analysis provides a framework for potential trading opportunities based on the current market conditions.
Like and Retweet if you found this helpful!
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
Nasdaq's Bearish Outlook: Tactical Approaches for TradersIn assessing the Nasdaq's current market conditions, there emerges a compelling narrative suggesting a potential bearish leg in its trajectory. This notion finds its roots in the recent retest of the 78.6% Fibonacci retracement level, a critical technical threshold renowned for its significance in price action analysis. Concurrently, this retracement is complemented by the manifestation of divergence signals, indicative of a discordance between price action and momentum indicators, thus hinting at underlying weakness in the market's upward momentum.
Moreover, the retest of a bearish order block further reinforces this notion, adding another layer of confirmation to the bearish outlook. Such order blocks are often perceived as zones of significant supply or demand, exerting influence on price movements when revisited. In this instance, the revisit of a bearish order block serves to validate the potential for a reversal in price direction.
As we delve deeper into our analysis, the stochastic indicator emerges as an additional corroborating factor supporting the envisaged bearish scenario. Currently indicating an overbought condition, the stochastic oscillator suggests a potential exhaustion of buying momentum, paving the way for a reversal in favor of sellers.
Furthermore, while the identification of a harmonic pattern formation adds another dimension to our analysis, its significance is viewed through the lens of secondary importance in comparison to the overarching confluence of indicators pointing towards a bearish bias. While harmonic patterns can offer valuable insights into potential price reversals, the primary weight is placed on the alignment of multiple technical factors, each lending credence to the bearish outlook.
In essence, the confluence of these technical indications paints a comprehensive picture of the Nasdaq's current market sentiment, leaning decisively towards a bearish bias. As such, our strategy is poised to capitalize on potential downward movements, with careful consideration given to risk management and entry timing amidst evolving market dynamics.
NASDAQ on the most important level that will determine the trendNasdaq (NDX) easily hit our 18000 Target, which we set 2 weeks ago (April 23, see chart below):
That was the top of the Channel Down and 0.786 Fibonacci retracement level. As mentioned this is an important Resistance level as during the previous correction of the 1.5 year Channel Up (which bottomed on October 26 2023), the 0.786 Fib was the level that rejected the first upside attempt (on September 01 2023).
As a result, we are willing to buy again only if the index closes a 1D candle above the 0.786 Fib, in which case we will target 19950 (the 2.0 Fibonacci extension). Until that happens, we have to consider the probability of a rejection on the 0.786 Fib stronger, thus turn bearish, targeting 17000 (just above Support 1). The risk is low on that trade as we will take the loss the moment a 1D candle gets closed above the 0.786 Fib.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇