The Market (Part 2) + Stocks
Good morning everyone! I hope your protfolios are in the money with deposits ready to hit your bank account. I am busy today so I might not be posting a whole lot but I will try to post some futures trades.
I just want to thank everyone for all the support on these posts. Even my Futures posts. Without tags I still get tons of views which tells me that I might be helping some people out there in the market! I also want to thank everyone for 500+ followers. I am not in this for the followers. I look forward to the likes and comments substantially more :).
If you don't know me, my name is Alkaline Earth Metals, or Akli for short. Why? Because we are a very basic trader. I trade Futures and that's about it. Occasionally I will trade stocks and options but not that often. I try to be unbaised with my trades and financial articles.
Speaking of my articles, Congress is pushing for the SEC Chairman to allow the Bitcoin Spot ETF. If you do not know about it, read these articles I have made:
They took me a long time to make and are highly informative articles, in my opinion, so check them out if you'd like!
(Where's my moomoo contributor badge at? LOL)
Alright let's get into why everyone is here.
SPY:
We are currently respecting the longer term trend on the Daily chart. However, we closed above the support we saw at 429.56 so we might either make some larger moves. If we chop and close below the trend line there is not much resistance to the next level of 416.23.
We have gapped up on the day so far and have been in a consistant downwards trend. Is it time to reverse to the upside? I am not sure, but we know about it and we can trade it if it happens.
QQQ
The Q's do not have the same amount of optimism I have for the Spiders. We might see 348.17 soon if we do not see the tech sector improve. The SPY does have some potential resistance so the Q might as well, but we will have to see how the market trades in the upcoming week.
SMH
I hardly say this but if I am pretty confident we are headed down much further here. I could be wrong but this chart looks incredibly bearish and the probability we do not fill that bullish gap from June is low. Taiwan reported that their semi-conductor exports are down by a large % so keep your attention to the charts here.
APPL
You make your own opinion on this chart lol.
TSLA
Tesla is finding some support at this level. If the market decides to reverse to the upside, it might be because of Tesla. Not sure though.
GOOG
Google is holding up as well. The chart looks better than APPL, but not by much. If GOOG and APPL play off one another, TSLA will have a hard time holding up the market if it decides to do so.
I have been asked to post some ORTEX data on various penny stocks. I hope this helps some traders
TTOO
CYN
A ton of short interest trading
SNPX
FEMY
RVLP
CRDF
NEWS:
76% of US adults who make less than $50,000 are living paycheck to paycheck
Kevin O'Leary says a coming real estate collapse will lead to 'chaos' and banks "are going to fail because up to 40% of their portfolio is in commercial real estate"
Since 1979, wages for the bottom 90% of earners had grown just 15%. For the top 1%, it increased 138% for the top 1%
More than 236,000 global tech workers have been laid off so far this year
Target lost about $219.5 million to shrink and theft during the three months ended july 29
MBA Mortgage Applications -1.3% vs 5.4% prior
Volkeswagen is cutting the production of electric vehicle models at two German plans due to declining European demand and shrinking government subsidies
The CIA is building its own artificial intellegence tool, ill which be available across the 18 agency US intellegent community, which includes the CIA, National Security Agency, the Federal Bureau of Investigations and agencies run by brances of the military
Ukraine will boycott all UEFA competitions that include Russian teams
Home prices in the US are at a record high
Crude Oil prices are now up 15% over the past month
US official says that Russia's sieced assets should be used to contribute to Ukraine's post-war reconstruction
Thank you again for all the likes and views, I greatly appreciate all of it. I hope you all close green on the day and remember to follow your trading rules
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $VanEck Semiconductor ETF (SMH.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $Alphabet-C (GOOG.US)$ $T2 Biosystems (TTOO.US)$ $Cyngn (CYN.US)$ $Synaptogenix (SNPX.US)$ $RVL Pharmaceuticals (RVLP.US)$ $Cardiff Oncology (CRDF.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Bitcoin (BTC.CC)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Moo Contributor
Alkaline Analyst
All Deep Dives:
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Raymondleeccp : @Alvinnnnnnn89
Bro,
Are you still holding this?
Raymondleeccp Louis Washington CR : I have faith this will pop it need some push!
AkLi OP Louis Washington CR : Just wondering but are you asking me?