$Apple (AAPL.US)$ and $Amazon (AMZN.US)$ have thrown billions of dollars at sports media rights over the last few months, outbidding traditional competitors and spiraling the streaming wars into its next stage of battle.
One Wall Street analyst believes the tech giants' spending sprees could potentially cannibalize the streaming industry.
For Apple and Amazon, the spend isn’t about directly being paid back via subscribers, but ...

$Alibaba (BABA.US)$ baba closed above 129 order block again but still rejected at the 133 to 135 supply zone. But good news is it is expanding the bband upwards now in a more positive way. This shows the upward movement could come soon.
If it can break 135 supply zone tonight with good volume, this will be a real breakout to retest 138 and even 145.
Tonight CPI data will be important for the markets so sit tight and let's see how baba perform tonight!
As always trade safe and invest wise!
Do ...

$NASDAQ 100 Index (.NDX.US)$ $S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ What to expect of the markets next week? Is the santa rally coming? Or postponed? Markets mixed signals! Some have bearish signals while others have bullish signals! Watch my video to find out!
Stay ahead of the market by watching the video and knowing all your entry and exit points. Also know which stocks are showing bearish signals to stay defensive and which stocks have bullish signals to prepare for an early entry!
Most will not take time out to watch the video. But those who take the time, I believe you will get something out of it at the end.
Stocks tagged below all have their technical analysis done in the video!
As always, trade safe & invest wise!
$Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Meta Platforms (FB.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $Advanced Micro Devices (AMD.US)$ $NVIDIA (NVDA.US)$ $Palantir (PLTR.US)$ $Futu Holdings Ltd (FUTU.US)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $Alibaba (BABA.US)$ $NIO Inc (NIO.US)$ $Sea (SE.US)$ $E-mini S&P 500 Futures(MAR5) (ESmain.US)$ $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ $E-mini Dow Futures(MAR5) (YMmain.US)$

Recently, I'm learning day trading strategies. And I want to share some points with mooers, also want masters to give me some advice. @Dadacai @GratefulPanda @HopeAlways @Mars Mooo @Syuee @Mcsnacks H Tupack
The most important rules are Granville's 8 Rules, which principle is to use the resistance and support from MA to find out the best entry position points for trend trading investments.
1. Four buying signals
Breakout Buy - It is a buying signal when the price rises from the bottom and breaks the MA of tendency level.
Call-back Buy - When the price goes beyond the MA, and the call-back does not fall below the MA can be considered as a buying signal.
Fake Breakout Buy - The price falls below the MA. However, if the MA is still rising and the short-term price goes back upon the MA, it is a buying signal.
Off-buy - When the price keeps falling and accumulates specific declines, and it begins to deviate from the moving average, it is a buying signal.
$AMC Entertainment (AMC.US)$ $Apple (AAPL.US)$ $NVIDIA (NVDA.US)$
2. Four selling signals
Breakout Sell - It is a selling signal when the price falls from above and breaks the MA of tendency level.
Bounce Sell - When the price goes below the MA and rebounds but does not exceed the MA, it is a selling signal.
Fake Breakout Sell - The price rises and breaks the MA. However, the MA is still falling, and the short-term price falls below the MA. It is a selling signal.
Off-sell - When the price keeps rising and accumulates specific increases and starts deviating from the MA, it is a selling signal.
$RLX Technology (RLX.US)$ $Alibaba (BABA.US)$ $BABA-W (09988.HK)$
I found that the intraday market rebounded quickly when the trending fell sharply. If you buy at a low point, you can significantly profit from the rebound. If you make an excellent stop-loss, the profit-loss ratio should be good. I will back-test $Tesla (TSLA.US)$ 's intraday trends to see its effectiveness. Here I use the five-minute bar for trading, and the corresponding moving average is VWAP.
We can see that $Tesla (TSLA.US)$ 's historical trend is in line with falling below the moving average at a rapid rate and then quickly rebounding back to the MA. It can be found that at the relatively lowest point, the needle-shaped k-line has been released and closed, and the angle of the downward movement below the moving average is enormous at the beginning. It looks very effective!
But in actual combat, I don't know the success rate, so you still need to set a stop loss just in case. The buying point of this kind of disk shape is when it falls below the intraday moving average. After a period of rapid decline at a large angle, a heavy volume is accompanied by a needle-shaped k-line is the buying point, and the selling point is to rebound to the moving average. Nearby, the stop loss point is the lowest buying point k-line.
I want to win $American Airlines (AAL.US)$ stock Please like my post and follow my account

The black Friday selloff on 26 Nov 2021 triggered by the COVID-19 variant — Omicron was significant and certainly is a change of character in $E-mini S&P 500 Futures(MAR5) (ESmain.US)$ , $E-mini Dow Futures(MAR5) (YMmain.US)$ and $E-mini Russell 2000 Index Futures(MAR5) (RTYmain.US)$ . $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ was the strongest despite dropping close to 2% and it still did not break the swing low support near 15900.
As highlighted in the daily chart above, the spread of Friday's candle (highlighted in yellow) is easily the top 3 biggest in this year. If we focus on the up wave since 13 Oct, Friday's bar is certainly considered as a change of character bar, which stops the uptrend from 13 Oct, at least into a trading range (or a reversal to the downside).
Price Structure Context
Context is probably the most important thing we need to look into when analyzing the chart. According to the candlestick pattern books, shooting star or bearish engulfing is bearish, right? Wrong!
If you experience in your trading journey and found that candlestick pattern only works some of the time, it is time to pay attention to the context and the volume on top of the pattern.
Let's take a closer look at the $S&P 500 Index (.SPX.US)$ daily chart below:
Since 13 Oct, S&P 500 had a climatic rally bumping into overbought of the up channel. Subsequently it formed a trading range. On 22 Nov (last Monday), there was an up thrust happened where the price failed to commit above the resistance level formed by the swing high with increasing supply.
Despite on the next two days, S&P 500 did not have follow through to the downside (even formed demand tails), there were many leadership stocks such as $Aehr Test Systems (AEHR.US)$ , $Asana (ASAN.US)$ , $BILL Holdings (BILL.US)$ , $Datadog (DDOG.US)$ , $Cloudflare (NET.US)$ , $Atlassian (TEAM.US)$ , $Zscaler (ZS.US)$ , etc… experienced a steep selloff acted as a change of character on 22 Nov, as mentioned in my private Telegram post — time to be defensive.
Distribution Price Targets on P&F Chart
Last Friday's bearish bar broke below the swing low support around 4620 with increasing of supply even it was a short trading session. This small trading range with tell-tale signs of distribution characteristics has some causes built for larger downward price targets, as shown in the Point and Figure (P&F) chart below.
I would not be surprise if there is more panic selling on Monday since the demand was poor on last Friday and there was fuel in the tank for more downside price targets based on the P&F price targets projection. The first target is 4545, which coincides with the axis line where the previous resistance become support. The second target is around 4440–4470, which is near the previous accumulation structure.
Should the bearish momentum carry the S&P 500 to the price target zone, we need to judge the rebound from there in terms of the price action characteristics and the volume.
As the price is unfolding, it is key to pay attention to the volume together with the behaviors of the price action to anticipate the next direction. This is the only way to judge if it is just a normal market correction or the start of a bear market.
I have locked in some profits and took some loss with early exit on 23–24 Nov and I will continue to tighten the stop for other positions to hold more cash and lighten the portfolio. $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$
Safe trading.