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manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
META: Buy on the Channel's bottom.Meta is having a strong turnaround day after 7 sessions of decline inside the two month Channel Up. The 1D technical outlook is neutral (RSI = 53.876, MACD = 3.900, ADX = 28.237) and as the RSI S1 (46.50) is holding, today is a strong buy opportunity to target the Channel's top (TP = 345.00). If it drops more, we will make one last buy attempt at the bottom of the Channel Up, marginally over the 1D MA100.
See how well our prior idea has worked:
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ORACLE: Channel Down bottom buyOracle is on a bearish 1D technical outlook (RSI = 31.499, MACD = -1.720, ADX = 20.020) almost oversold as (with the exception of Aug 29th-Sep 11th) it is trading inside a Channel Down and the price is almost on its bottom. The 1W MA50 may make contact with the price there. This is a buy opportunity regardless (RSI oversold) and our target is the top of the Channel (TP = 106.00).
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GOOGLE: Next stop --> All Time High.Google maintains one of the steadiest trends of the year as not only does it remain on smooth bullish 1D technicals (RSI = 57.789, MACD = 1.700, ADX = 30.881) due to Channel Up 2 since June, but also it maintains Channel Up 1 since the start of the year. The 1D MACD indicates that the stock price has entered a 2 week consolidation phase, whose next leg up would be at least +20.52%, which is marginally over the All Time High (TP = 152.30).
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Market Meltdown: Wall Street's Shocking Symphony Unveiled!In the heart of financial dynamics, where numbers narrate tales and markets hum a melody, we stand on the cusp of a riveting chapter. The surge in bond yields, the resonance of conflict in Gaza, and the corporate crescendos echo through Wall Street, crafting a narrative that captivates and challenges.
As we step into this unfolding saga, each market movement becomes a note in a symphony—a symphony where every rise in bond yields, every geopolitical tremor, and every corporate revelation plays a crucial role. Join me as we unravel the Overture of Wall Street, decoding the melodies that shape the financial landscape and beckon us into the intriguing world of global finance.
Bond Yields Surge: Unraveling the Threads of Economic Sentiment
The recent surge in the benchmark 10-year U.S. Treasury yield, cresting above 4.9%, serves as a seismic event with far-reaching implications. Traditionally, higher yields spell caution for equity markets, diminishing the allure of stocks in comparison to the safety of fixed-income assets. The market's reaction, characterized by a 1.3% dip in the S&P 500, underscores the anxiety stemming from heightened borrowing costs for both corporations and households.
This surge in bond yields is not merely a statistical blip; it's a harbinger of a delicate dance between the Federal Reserve and the broader economic landscape. The specter of swelling U.S. debt looms large, and as Bloomberg Economics warns, the increase in yields could act as a drag on economic growth, akin to the impact of a Fed rate hike.
Geopolitical Turmoil: A Catalyst for Market Volatility
The geopolitical tableau adds a layer of complexity, with the Gaza conflict acting as a catalyst. The deadly explosion at a Gaza hospital and the subsequent cancellation of a summit with Arab leaders have injected fresh uncertainties into the market psyche. Beyond the tragic human toll, the conflict reverberates through financial markets, notably elevating oil prices.
Oil, the lifeblood of economies, rose nearly 2% to $91.50 a barrel. The Israel-Hamas conflict and optimistic outlooks for Chinese demand became twin engines propelling oil's ascent. Investors, already grappling with bond yield tremors, now face the added challenge of navigating an energy market rife with geopolitical uncertainties.
Corporate Performance: A Tapestry of Triumphs and Tribulations
Against this backdrop, corporate performances play a pivotal role in shaping market trajectories. Morgan Stanley's stock stumbled after reporting a drop in quarterly net income, emblematic of challenges within the financial sector. Simultaneously, Procter & Gamble's shares surged as the company reported a quarterly profit boost, underlining the impact of strategic pricing decisions in an inflationary environment.
The corporate stage is set, with companies wielding the power to either fortify or erode market confidence. In the case of United Airlines, a 7% early decline in shares following a cut in year-end earnings forecasts exemplifies the tightrope walked by companies in a tumultuous market environment.
Market Performance: A Symphony of Red and Green
As the final notes of the market day resonated, the S&P 500, Nasdaq Composite, and Dow Industrials bore the weight of a 1.3%, 1.6%, and 1% decline, respectively. The Russell 2000, reflecting smaller companies, faced a more substantial 2.1% dip. This symphony of red underscores the impact of mixed corporate reports and the tightening grip of rising Treasury yields.
The decline is not confined to domestic shores; the MSCI World index echoes the sentiment, falling in tandem with its U.S. counterparts. The markets, in their collective wisdom, are sending signals of caution, reacting to the interplay of global and domestic variables.
Deciphering the Market's Sonnet
In conclusion, Wall Street's current state is akin to a sonnet, weaving together verses of bond yield surges, geopolitical tumult, and corporate performances. Each stanza contributes to the larger narrative of market sentiment, reflecting the delicate balance between risk and reward. Investors must read between the lines, understanding that every rise in bond yields, every geopolitical tremor, and every corporate report shapes the verses of the market's sonnet.
As we navigate these turbulent waters, an agile and discerning approach is paramount. The future remains unwritten, and while challenges abound, opportunities await those who can decipher the intricate melodies emanating from Wall Street's financial symphony.
MICROSOFT: No buying before the Resistance breaks.Microsoft made an important bullish breakout as it crossed over the LH trend-line of the Falling Wedge last week and turned bullish on the 1D technical outlook (RSI = 58.105, MACD = 2.380, ADX = 32.602). The last sell signal is near the dotted top of a potential Channel Down pattern. As long as it holds, we are taking the sell and target the 1D MA200 (TP = 313.00). On the contrary, if the price closes over the R1 level (341.00) we will go long and target the R2 level (TP = 366.50).
The fact that the 1D MA50 is holding is certainly a build up to a bullish trend potentially. As is the Bullish Cross on the 1D MACD, which by the way is on a Bullish Divergence (HL) against the LL of the stock price.
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Spy spx500 $spy $spxLooks like we might be about to break this weekly uptrend to the downside.
I'll be watching the big thick yellow line I tossed in for you.
Please excuse all the extra mess on the charts, I've been playing with indicators and looking into coding my own this year if i can find the time.
I'll be watching for a break this morning and beyond that all the other lines from prior week's charts are still acting as great lines of Support and Resistance that have been chartered out for you over prior weeks. I would not stop watching them when going up or down. I find that the lines I've given at random odd numbers seem to help let you catch S & R better than just thinking in round numbers and buying and selling blindly.
Limitless Take On $BTC. 10/17/2023 The price level has successfully breached a significant barrier at $29,006, with bulls gaining the upper hand against bears. My strategy suggests patiently waiting for a double bottom pattern and confirmation. Finally, consider a long position within the highlighted area with an appropriate stop loss.
WALT DISNEY: Falling Wedge breaking out.Walt Disney turned bullish on the 1D timeframe (RSI = 61.58, MACD = 0.500, ADX = 21.285) as it crossed over the Falling Wedge pattern that has been guiding the market downwards since the start of the year. The final Resistance to break is the 1D MA100, which hasn't been crossed since May 11th. If it does, we will go long and target the R1 level (TP = 92.50), which is where the next critical Resistance sits at, the 1D MA200.
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🍎Apple🍎 will Go Up soon🚀↘️Apple started to rise after breaking the Descending Channel and is currently in a Correction .
🌊According to the theory of Elliott waves , it seems that the structure of apple corrective waves is of Zigzag correction type(ABC/5-3-5).
🔔I expect the apple to start growing from 🟡 PRZ (Price Reversal Zone) 🟡 and increase at least until the first Common Gap (about ➕10%) .
If you want to know about the types of chats, you can read the following article.👇
Apple ( AAPLUSD ) Analyze, Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
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LALU.N0000Wait for a pullback around 16 to 18
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
SPX: I still think it is bullish, but getting a bit weakAfter this week, SPX is operating within a 4% price range. The most bullish case right now would be to break the upper range next week. Most bearish case would be to break the bottom of the range. Max pain would be to just mess around within the range.
Indicators are neutral to slightly bullish on weekly timeframe. RSI is kicking up above 50 which is bullish, MACD is steady; DI is shifting positive, but not full bullish yet. Right now, not telling much.
EW perspective, wave 4 is still valid and price should be in the early phase of wave 5. This can take some time to play out since wave 5 is usually a sucker's rally that initially sets up bear traps. We are already seeing potential diagonal structures in the lower timeframes. So, to keep it simple for now, I would say for now it is wait and see how things play out. Bullish above 4385, bearish below 4215. My personal bias is still to the upside and sold puts on Friday. If Friday's low breaks on Monday then I will be out of that.
Why the S&P 3 month chart paints a scary view for Stocks We have been bearish on S&P since April 2022.
The bearish outlook is even more evident now with a HUGE DOUBLE TOP in the 3 months chart. This is the first time we have analyzed this pair in the 3 month chart and the divergence is obvious.
What does this mean for the S&P?
1) It is very unlikely it can move above 4600 to 4800 in the near future
2) There is a high probability that the pair is moving downwards. We are already in short from 4370.
3) The immediate target is 4275 but we looking at 4180 as the next target.
4) The long term target is 3600 and we will keep selling at any opportunity
In our mind, the stock market is in for a rough ride for the next 1 -2 years. Our prediction is that around 3000 by the end of 2024.