BigMouthEat4Directio
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$Tesla (TSLA.US)$ looks like we are indeed getting that technical pullback I talked about yesterday. Honestly, I won't know how long it's gonna last as NDX has hit a key resistance at 15800 and getting rejected off. The pullback may end as soon as today. Which means we may not get a green Xmas week. We will have to wait and see. But for tesla, key resistance is at 978. So look out at that level. If it doesnt close above 978, it will not look bullish at all and 843 gap fill will happen sooner than later.
You will be better off waiting for a confirmation and not all dips have to be bought because sometimes better dips are right below.
As always trade safe and invest wise!
Do subscribe to my YouTube channel for your once a week TA and market outlook!
https://www.youtube.com/c/investing101channel
You will be better off waiting for a confirmation and not all dips have to be bought because sometimes better dips are right below.
As always trade safe and invest wise!
Do subscribe to my YouTube channel for your once a week TA and market outlook!
https://www.youtube.com/c/investing101channel
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BigMouthEat4Directio
liked
Dont invest for short term gains.
Long term investments offer better returns and less stress.
Long term investments gives you a better night sleep.
No need to work, no need to worry. Just DCA.
$Tesla (TSLA.US)$
if the company has good fundamentals, the price will show it... eventually.
As usual, DCA is the best strategy in the long run.
Long term investments offer better returns and less stress.
Long term investments gives you a better night sleep.
No need to work, no need to worry. Just DCA.
$Tesla (TSLA.US)$
if the company has good fundamentals, the price will show it... eventually.
As usual, DCA is the best strategy in the long run.
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BigMouthEat4Directio
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$Alibaba (BABA.US)$ good stock.
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BigMouthEat4Directio
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$Alibaba (BABA.US)$ yesterday we notice a rotation out of tech sector into value stocks. Tech sector is very over valued currently and with interest rate hikes 3 times next year, it will make value stocks a better buy than growth.
Stocks like tesla, nvda and apple fell badly while I'm actually surprised baba held 120 quite firmly despite that 2.5% fall on the NDX.
But do not rule out this fall in the tech sector might spread over to the China tech as well.
Fortunately BABA is not on QQQ unlike netease and JD.com which mean a sell off on NDX will not affect BABA directly.
We still need to see BABA hold above 118 to have any chance of the next rally up. Preferably above 120!
As always, trade safe and invest wise!
Stocks like tesla, nvda and apple fell badly while I'm actually surprised baba held 120 quite firmly despite that 2.5% fall on the NDX.
But do not rule out this fall in the tech sector might spread over to the China tech as well.
Fortunately BABA is not on QQQ unlike netease and JD.com which mean a sell off on NDX will not affect BABA directly.
We still need to see BABA hold above 118 to have any chance of the next rally up. Preferably above 120!
As always, trade safe and invest wise!
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BigMouthEat4Directio
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$SPDR S&P 500 ETF (SPY.US)$ $Amazon (AMZN.US)$ $Alibaba (BABA.US)$
Don't really see much of a surprise with today's price action. Fading the move from the Fed day? always, Profit taking by PMs who want to keep their bonuses after a great year? yep.
But Market heard what Powell said, he will not let the Bears run this down w/out stepping in so really, some selling today, maybe tomorrow but the Market is always where we come back too,
Same old story & not worth spending a lot of time over.
Don't really see much of a surprise with today's price action. Fading the move from the Fed day? always, Profit taking by PMs who want to keep their bonuses after a great year? yep.
But Market heard what Powell said, he will not let the Bears run this down w/out stepping in so really, some selling today, maybe tomorrow but the Market is always where we come back too,
Same old story & not worth spending a lot of time over.
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BigMouthEat4Directio
liked
Trading with the following in mind is crucial to being a successful day trader.
Understanding The Market Requires You To Understand Market Psychology
Stock market intraday patterns – all times are in Eastern Standard Time!
When day trading the US stock market you may notice certain patterns, based on the time of day, that occur more often than not. These patterns, or tendencies, happen often enough for professional day traders to base their trading around them.
9:30am: The stock market opens, and there is an initial push in one direction. Highly volatile!
9:45am: The initial push often sees a significant reversal or pullback. This is often just a short-term shift, and then the original trending direction re-asserts itself.
10:00am: If the trend that began at 9:30am is still happening, it will often be challenged around this time. This tends to be another time where there is a significant reversal or pullback.
11:15am-11:30am: The market is heading into lunch hour, and London is getting ready to close. This is when volatility will typically die out for a few hours, but often the daily high or low will be tested around this time. European traders will usually close out positions or accumulate a position before they finish for the day. Whether the highs or lows are tested or not, the markets tend to ‘drift’ for the next hour or more.
11:45am-1:30pm: This is lunch time in New York, plus a bit of a time buffer. Usually, this is the quietest time of the day, and often, day traders like to avoid it.
1:30pm-2:00pm: If the lunch hour was calm, then expect a breakout of the range established during lunch hour. Often, the market will try to move in the direction it was trading in before the lunch hour doldrums set in.
2:00pm-2:45pm: The close is getting closer, and many traders are trading with the trend thinking it will continue into close. That may happen, but expect some sharp reversals around this time, because on the flip side, man traders are quicker to take profits or move their trailing stop losses closer to the current price.
3:00pm-3:30pm: These are big “Shake-out” points, in that they will force many traders out of their positions. If a reversal of the prior trend occurs around this time, then the price is likely to move very strongly in the opposite direction. Even if the prior trend does sustain itself through these periods, expect some quick and sizable counter-trend moves.
As a day trader, its best to be nimble and not get tied into one position or direction. Many traders only trade the first hour and the last hour of every day, as these times are the most volatile.
3:30pm-4:00pm: The market closes at 4pm. After that, the liquidity dries up in nearly all stocks and ETFs, except for the very active ones. It’s common to close all positions a minute or more before the closing bell, unless you have orders placed to close your position on a closing auction or “cross”.
💰Wasnt sure where the “tips for day trading” event is or i wouldve posted this there. 🍻 @moomoo Event @moomoo Lily
Hope this provides some clarity to the workd of daytrading!
$Energy Focus (EFOI.US)$
Understanding The Market Requires You To Understand Market Psychology
Stock market intraday patterns – all times are in Eastern Standard Time!
When day trading the US stock market you may notice certain patterns, based on the time of day, that occur more often than not. These patterns, or tendencies, happen often enough for professional day traders to base their trading around them.
9:30am: The stock market opens, and there is an initial push in one direction. Highly volatile!
9:45am: The initial push often sees a significant reversal or pullback. This is often just a short-term shift, and then the original trending direction re-asserts itself.
10:00am: If the trend that began at 9:30am is still happening, it will often be challenged around this time. This tends to be another time where there is a significant reversal or pullback.
11:15am-11:30am: The market is heading into lunch hour, and London is getting ready to close. This is when volatility will typically die out for a few hours, but often the daily high or low will be tested around this time. European traders will usually close out positions or accumulate a position before they finish for the day. Whether the highs or lows are tested or not, the markets tend to ‘drift’ for the next hour or more.
11:45am-1:30pm: This is lunch time in New York, plus a bit of a time buffer. Usually, this is the quietest time of the day, and often, day traders like to avoid it.
1:30pm-2:00pm: If the lunch hour was calm, then expect a breakout of the range established during lunch hour. Often, the market will try to move in the direction it was trading in before the lunch hour doldrums set in.
2:00pm-2:45pm: The close is getting closer, and many traders are trading with the trend thinking it will continue into close. That may happen, but expect some sharp reversals around this time, because on the flip side, man traders are quicker to take profits or move their trailing stop losses closer to the current price.
3:00pm-3:30pm: These are big “Shake-out” points, in that they will force many traders out of their positions. If a reversal of the prior trend occurs around this time, then the price is likely to move very strongly in the opposite direction. Even if the prior trend does sustain itself through these periods, expect some quick and sizable counter-trend moves.
As a day trader, its best to be nimble and not get tied into one position or direction. Many traders only trade the first hour and the last hour of every day, as these times are the most volatile.
3:30pm-4:00pm: The market closes at 4pm. After that, the liquidity dries up in nearly all stocks and ETFs, except for the very active ones. It’s common to close all positions a minute or more before the closing bell, unless you have orders placed to close your position on a closing auction or “cross”.
💰Wasnt sure where the “tips for day trading” event is or i wouldve posted this there. 🍻 @moomoo Event @moomoo Lily
Hope this provides some clarity to the workd of daytrading!
$Energy Focus (EFOI.US)$
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BigMouthEat4Directio
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$Alibaba (BABA.US)$ $KraneShares CSI China Internet ETF (KWEB.US)$
Baba has closed green today. The sellers had trouble even trying to keep baba in the red with the low volume selling. Buyers are stepping in now and we can already see the demand overpowering supply here with low volume day as there is basically no more supply.
Those who wanted to sell, already sold. Those who wanted to take profit already did. The rest are waiting for higher prices. Past 3 days were signs the sellers were weak and buyers were about to take over. We saw that today and it should continue on Monday as well.
Overall US indices has finished their pullback and now heading to new highs with SPX leading the way today. China has also switched focus to economic growth instead of clampdown and will make economic growth their priority in 2022 after all the regulatory fines in 2021.
This are signs the Kweb etf should start recovering from here which I mentioned 39 should be it's bottom. It has yet to break 43.40 which was the resistance to show the 39 drop was the spring. But it should as soon as next week.
However fomc next week will still be the topic in focus. But it should all already be priced in like today CPI 6.8% data.
As always, trade safe & invest wise!
Do subscribe to my YouTube channel for your once a week TA and market outlook!
https://www.youtube.com/c/investing101channel
Baba has closed green today. The sellers had trouble even trying to keep baba in the red with the low volume selling. Buyers are stepping in now and we can already see the demand overpowering supply here with low volume day as there is basically no more supply.
Those who wanted to sell, already sold. Those who wanted to take profit already did. The rest are waiting for higher prices. Past 3 days were signs the sellers were weak and buyers were about to take over. We saw that today and it should continue on Monday as well.
Overall US indices has finished their pullback and now heading to new highs with SPX leading the way today. China has also switched focus to economic growth instead of clampdown and will make economic growth their priority in 2022 after all the regulatory fines in 2021.
This are signs the Kweb etf should start recovering from here which I mentioned 39 should be it's bottom. It has yet to break 43.40 which was the resistance to show the 39 drop was the spring. But it should as soon as next week.
However fomc next week will still be the topic in focus. But it should all already be priced in like today CPI 6.8% data.
As always, trade safe & invest wise!
Do subscribe to my YouTube channel for your once a week TA and market outlook!
https://www.youtube.com/c/investing101channel
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BigMouthEat4Directio
liked
It can be challenging to know how best to invest in Chinese stocks right now with the recent biggest jump and the higher risks associated with the market. While Chinese stocks may offer huge growth opportunities in a massive market, it is more suited for investors with a generous appetite for risk. Even then, greater caution needs to be exercised when picking Chinese stocks as they tend to be highly volatile with greater regulatory challenges. One good way is perhaps to invest only in high quality Chinese companies $Alibaba (BABA.US)$, $JD.com (JD.US)$, $PDD Holdings (PDD.US)$, $Tencent (TCEHY.US)$ that are both big and visible with the most solid standing. Still, it might be challenging for many to invest calmly in Chinese stocks as China's business market is comparatively opaque and more prone to regulatory pressures. Furthermore, it may not be easy to digest the news coming out of China these days. For those investors who are concerned that Chinese stocks are too vulnerable to ever-present risks and uncertainties, investing in the larger ones with economic moats to succeed in the longer term would be a safer choice.
$Baidu (BIDU.US)$
$Bilibili (BILI.US)$
$BYD Co. (BYDDF.US)$
$DiDi Global (Delisted) (DIDI.US)$
$Futu Holdings Ltd (FUTU.US)$
$Li Auto (LI.US)$
$NetEase (NTES.US)$
$NIO Inc (NIO.US)$
$Weibo (WB.US)$
$XPeng (XPEV.US)$
$Baidu (BIDU.US)$
$Bilibili (BILI.US)$
$BYD Co. (BYDDF.US)$
$DiDi Global (Delisted) (DIDI.US)$
$Futu Holdings Ltd (FUTU.US)$
$Li Auto (LI.US)$
$NetEase (NTES.US)$
$NIO Inc (NIO.US)$
$Weibo (WB.US)$
$XPeng (XPEV.US)$
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