Trading
Tech on the Edge: SMH vs. QQQ Signals Caution Amid Bull MarketIntroduction:
While we remain enthusiastic about the strength of the current bull market, emerging signs of stress in capital flows warrant a closer look, particularly in the tech sector. One key metric to monitor is the ratio between semiconductors (SMH) and the Nasdaq 100 (QQQ). This ratio acts as a barometer for tech sector health: when SMH outperforms QQQ, it indicates a risk-on environment; conversely, QQQ outperforming SMH raises caution flags.
Analysis:
Tech Sector Barometer: The SMH-to-QQQ ratio has historically been a reliable indicator of momentum in the tech sector. Outperformance by SMH reflects strong demand for semiconductors and broader tech health, while underperformance signals potential concerns.
Emerging Concern: Currently, we’re observing the potential development of a rounding top formation in the SMH-to-QQQ ratio. While this formation isn’t confirmed, a breakdown below key support would validate it, signaling broader weakness in the tech sector.
Critical Inflection Point: For now, chip bulls must take control and push this ratio higher to maintain sector strength and prevent a broader pullback in the market. Failure to do so could signal a shift in sentiment and increased vulnerability in tech stocks.
Conclusion:
The SMH-to-QQQ ratio is at a critical juncture, with the potential to dictate near-term momentum in the tech sector. While the bull market remains intact, any confirmed weakness in this ratio could signal broader vulnerability in tech stocks. Will chip bulls step up to defend the sector, or are we on the cusp of a pullback? Share your thoughts below!
Charts: (Include relevant charts showing the SMH-to-QQQ ratio, the potential rounding top formation, and key support levels)
Tags: #Semiconductors #Nasdaq #TechSector #SMH #QQQ #MarketTrends #TechnicalAnalysis
EUR-CAD Support Ahead! Buy!
Hello,Traders!
EUR-CAD keeps falling
Down and the pair is
Locally oversold so after
The pair hits the horizontal
Support of 1.4550 we will
Be expecting a local bullish
Correction and a move up
Buy!
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SILVER What Next? BUY!
My dear followers,
This is my opinion on the SILVER next move:
The asset is approaching an important pivot point 30.998
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 31.158
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
CADJPY A Fall Expected! SELL!
My dear subscribers,
This is my opinion on the CADJPY next move:
The instrument tests an important psychological level 111.33
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 110.57
My Stop Loss - 111.79
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
CHFJPY Technical Analysis! SELL!
My dear friends,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 176.03 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 175.18
Recommended Stop Loss - 176.55
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURCAD Massive Long! BUY!
My dear subscribers,
My technical analysis for EURCAD is below:
The price is coiling around a solid key level - 1.4677
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.4821
My Stop Loss - 1.4623
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
NZDCHF Technical Analysis! BUY!
My dear followers,
I analysed this chart on NZDCHF and concluded the following:
The market is trading on 0.5193 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.5207
Safe Stop Loss - 0.5186
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZDCAD Expected Growth! BUY!
My dear friends,
Please, find my technical outlook for NZDCAD below:
The price is coiling around a solid key level - 0.8200
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8232
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EURUSD On The Rise! BUY!
My dear friends,
My technical analysis for EURUSD is below:
The market is trading on 1.0526 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0556
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Is Snowflake getting out of the DOGHOUSE? Watch before earnings!Is Snowflake NYSE:SNOW Finally Breaking Free from the Doghouse? 🐾
In this must-watch video, we’re dissecting:
🔹 Chart Analysis: What the latest charts are revealing about Snowflake's trajectory.
🔹 Potential Catalysts: Key factors that could propel or hinder NYSE:SNOW 's progress.
🔹 High Five Setup Trading Strategy: How my proven strategy applies to Snowflake's current setup.
Ready to uncover the insights that matter most? Let’s dive in and stay ahead of the curve! 👇
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Gold price analysis November 21Fundamental Analysis
Gold (XAU/USD) maintained its buying bias heading into the European session and is currently trading around $2,660, or a one-and-a-half week high touched earlier this Thursday. It was the fourth straight day of positive action and was supported by geopolitical risks stemming from the worsening Russia-Ukraine war, which benefited the safe-haven precious metal. Additionally, a modest decline in the US Dollar (USD) continued to act as a bullish driver for the commodity.
That said, rising US Treasury yields, supported by expectations that US President-elect Donald Trump’s proposed tariffs could fuel inflationary pressures and limit the scope for Federal Reserve (Fed) rate cuts, kept non-yielding Gold prices in check. Furthermore, the prevailing risk-on sentiment - described by the positive tone around the equity markets - warrants some caution before placing strong bullish bets around the safe haven XAU/USD.
Technical Analysis
From a technical perspective, gold is still looking for strong upside in the European trading hours. The 2673-2675 zone is seen as the immediate resistance that Gold is aiming for. When the h1 candle closes above the 2660 zone, consider buying signals at the resistance zone. And today's analysis is similar to the previous day, waiting for a recovery and buying or waiting for a breakout and buying. Pay attention to the important support zones of 2645 and 2618 as Gold is pushed up strongly from this zone.
GOLD: Prices Climb as Geopolitical Risks Prompt Buyer InterestGold prices are attracting buyers as they trade around $2,586.50 in early Monday trading. However, traders are scaling back their expectations for a Federal Reserve rate cut in December, which is putting downward pressure on the yellow metal.
Despite this, geopolitical uncertainties could drive the price of gold higher, as it is often viewed as a safe-haven asset during tumultuous times. After a six-day losing streak, gold showed signs of recovery during the early Asian trading hours on Monday.
Nevertheless, the strength of the U.S. Dollar (USD) may limit the upward potential for gold. The recent surge in the Greenback, spurred by Donald Trump's election victory, could create additional selling pressure on gold priced in USD. Enhanced expectations for inflation in the coming year, driven by Trump's policies, have led to a diminished outlook for future rate cuts.
As we continue to analyze the Dollar Index (DXY), there may be signs of a retracement in the USD, which could positively impact gold's value. Investors will be keenly watching these developments as they unfold.
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S&P500 INDEX (US500): One More Bullish Confirmation
S&P500 leaves one more bullish clue after a recent test of a daily support.
This time, the price managed to violate a resistance line of a falling
parallel channel.
With a high probability, the index will reach 5954 level soon.
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US500 Will Go Higher! Long!
Please, check our technical outlook for US500.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 5,902.9.
Taking into consideration the structure & trend analysis, I believe that the market will reach 6,123.9 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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USOIL Will Go Down! Sell!
Here is our detailed technical review for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 69.181.
Considering the today's price action, probabilities will be high to see a movement to 63.975.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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