SmartReversals
SmartReversals
I care about helping you navigate this market. Nowadays, it's all about permabears & permabulls, I use technical indicators with objectivity. God First.
13Follow
844Followers
0Topic
0Badge
avatarSmartReversals
05-14 23:38

SPY: The Latest Doji Suggests Exhaustion

$SPDR S&P 500 ETF Trust(SPY)$ : The Latest Doji Suggests ExhaustionConsidering the volume profile, key resistance lies at volume shelf A (bullish move), and strong support at volume shelf B (bearish reversal). The upper Bollinger Band indicates further upside potential while the RSI approaches overbought levels. $585,3 is the line in the sand to validate a pullback.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here:Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.💰Join the TB Contra Telegram G
SPY: The Latest Doji Suggests Exhaustion
avatarSmartReversals
05-14 23:36

Is the Stock Market Overheated?

It's been three weeks since the breadth thrust signal was triggered on April 24th, and five weeks since the New York Stock Exchange registered a rare bullish signal on April 9th. Both events were analyzed in real-time, including their statistical significance, the most relevant technical charts, and setups from previous years. Since each signal, the S&P 500 $S&P 500(.SPX)$ has rallied by 7.8% and 7.3% respectively, suggesting the stock market consolidated its launchpad around the $5,460 zone.Confusion, frustration, rejection – these are just some of the reactions I've observed when this signal appears in the market. If this is your first time encountering it, I hope you quickly adjust your market perspective. It is totally human and unders
Is the Stock Market Overheated?
avatarSmartReversals
05-14 01:36

SPX - Timing a Pullback After a Breadth Thrust is a Challenge

$S&P 500(.SPX)$ - Timing a Pullback After a Breadth Thrust is a Challenge For that reason, turning off the news and staying long when the price is above the key support level pays out. The gap at $5,304 will last for long open, and the 200 DMA may act as support for any pullback. The Bollinger bands say the party is not over, also the RSI since it isn't overbought.ImageAnd I have a question:Why $Netflix(NFLX)$ is not a Magnificent one?It has performed better than most Magnificent Seven.And it was a FANG stock.For whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimite
SPX - Timing a Pullback After a Breadth Thrust is a Challenge
avatarSmartReversals
05-14 01:34

QQQ: Is the latest candle a guarantee of a pullback?

$Invesco QQQ(QQQ)$ : Is the latest candle a guarantee of a pullback? Not necessarily, as a similar one was printed on November 14th, 2023, a few days after a Zweig breadth thrust, and price action continued climbing. That gap is still open. #CPI imminent: In case of a pullback, $502 is a tight zone to manage risk, or $494, which would provide more space for price action.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here:Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.💰Join the TB Contra Telegram
QQQ: Is the latest candle a guarantee of a pullback?
avatarSmartReversals
05-12 22:47

SPX - The Anticipated Squeeze is Happening

$S&P 500(.SPX)$ - The Anticipated Squeeze is Happening: Price action was about to explode, and the $Cboe Volatility Index(VIX)$ closed the week with bearish shape (bullish for the stocks). A huge gap just happened. ➡️ Does the candle have bearish shape? yes, but this train may want to see the RSI overbought before a pullback, and the 200DMA is in a solid support position. The breadth signal from April 24th is proven its worth. $SPDR S&P 500 ETF Trust(SPY)$ ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
SPX - The Anticipated Squeeze is Happening

Nvidia is setting higher lows

$NVIDIA(NVDA)$ : Be as bearish as you want, but Nvidia is setting higher lows. The latest doji candles and overbought oscillator suggest that a consolidation is likely. So for next week bullish momentum is on as long as $115.4 remains as support, and if lost? Well, $111 - $112 has a confluence of support levels including the 50DMA.PS: A trader who controls emotions outside the screen won't break under pressure. Mental resilience is formed not in the market, but in daily life. Cultivate emotional discipline away from the charts, and you'll see a transformation in your trading.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks
Nvidia is setting higher lows

SPX Holds Above $5,513 Support Despite Fed and Volatility

$S&P 500(.SPX)$ In the previous Weekly Compass, the outlook for the week that just ended included the possibility of a dip to $5,513 followed by a bounce. This was based on two indecisive daily candles highlighted in the chart below, situated near the 200-day moving average, with overbought fast oscillators and a gap at $5,581.The subsequent days saw the formation of more indecisive candles, including one on Wednesday that experienced a rapid flush and bounce, filling the gap and ultimately closing in the green despite the Federal Reserve's decision to maintain interest rates unchanged. The final outcome for the week did not reach $5,513, which was bullish, but it stayed essentially flat which suggests exhaustion and the need of a consolidatio
SPX Holds Above $5,513 Support Despite Fed and Volatility

Rally Stalls Amid Resistance and Trade Tensions

After a multi-week rally, the week concluded with indecision, a common characteristic of bounces. However, concerns persist regarding key resistance levels reached by the $NASDAQ 100(NDX)$ , such as the 200-day moving average, especially with ongoing trade tensions, and when the U.S. president said “buy stocks” on Thursday, the market did not react as on April 9th; similar case on Friday when the green action in the futures vanished during market hours.Seven consecutive indecision daily candles on the $S&P 500(.SPX)$ is an unusual occurrence, most of them have been dojis, and indicating an extended period of indecision and balance between buying and selling forces. In the context of a potential squeeze
Rally Stalls Amid Resistance and Trade Tensions

AMD VS AAPL: Bullish continuation VS Further decline

1. $Advanced Micro Devices(AMD)$ The Bollinger widening suggests further bullish continuation, and as long as the price action continues above the 5DMA the trend is intact. Anyway the risk for a pullback exists, so for next week, the bullish momentum is on if the price continues above $101.7, with $106.6 as bullish target. If lost, the pullback would go towards $98.0.Image2. $Apple(AAPL)$Bearish MACD Crossover Confirmed: Further decline is likely, or is this a delayed signal? The chart suggests that a visit to the lower Bollinger band would complete the bearish pattern. Staying below 50 and 200DMA is not good.Image For whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges o
AMD VS AAPL: Bullish continuation VS Further decline

QQQ - Challenging the 200 DMA Rejection Narrative

$Invesco QQQ(QQQ)$ - Challenging the 200 DMA Rejection NarrativeIsn't there too much consensus about the rejection at the 200 DMA? Sometimes the Bollinger bands have encrypted messages, and the more a level is tested, the higher the chance it eventually breaks. The invalidation to the bullish thesis is right at $490.it is at resistance more: This is one approach about the 200 DMA rejecting price, for that reason the expression of bullish thesis invalidated.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!Find out more here:Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free
QQQ - Challenging the 200 DMA Rejection Narrative

The S&P500 during the week

$S&P 500(.SPX)$ The 2 Hours chart presents the bullish hammer above the central level on April 30th, and during this last week, the central level acted as support, with a temporary breach on April 7th that makes the case of fake breakdowns and the reason why a stop loss has to be set below the level.Anyway, the bearish doji observed on Thursday initiated a decline, however, there is no bearish confirmation since the blue line ($5,606) has not been lost. That blue line will change next week, the level is provided below.For next week, the support and resistance levels will be crucial, since the price action has been indecisive for seven consecutive days already. Such indecision builds price platforms that can act as a launchpad, as presented las
The S&P500 during the week

Don’t trade one-dimensionally on technical recognition

We’re navigating market environments that are far from straightforward. The recent wave of tariffs have injected considerable uncertainty into global trade and economic policy. These external factors can contribute to conditions that define competitive advantages or vulnerabilities within sectors or for specific stocks. During these times, technical analysis isn’t just helpful—it’s indispensable.When you see a candlestick forming near a major support line amid ongoing macroeconomic headwinds, it’s more than just a price reaction; it’s a signal that market participants may be defending what they perceive as fair value, despite external pressures. In practice, if you’re trading a security that historically respects a certain price floor, a strong bullish candlestick formation near that zone—
Don’t trade one-dimensionally on technical recognition

SPX - No bearish confirmation yet

$S&P 500(.SPX)$ - The shooting star printed on Thursday was followed by a red candle, but the price continues above the 5 and 10DMA, so no bearish confirmation yet. Since the price is overbought relative to fast oscillators and still below the 200 DMA, the bearish setup has to be confirmed losing the 5DMA, for a visit to $5,551.6.ImageThe futures are building on the launchpad thesis. Let’s see how the day ends. $S&P 500(.SPX)$ $NASDAQ 100(NDX)$ $Dow Jones(.DJI)$ ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Tr
SPX - No bearish confirmation yet

A Lifetime of Investing Wisdom of Warren Buffett

Warren Buffett: His journey wasn't a sprint but a marathon, meticulously built on core principles, patience, and a profound understanding of intrinsic value. Let's delve into the key milestones and philosophies that shaped his investment career.ImageEarly Seeds (1930s-1950s): Born in Omaha, Nebraska, Buffett's early fascination with finance was evident. He bought his first stock at just 11! Heavily influenced by Benjamin Graham's work, "The Intelligent Investor," he embraced the bedrock of value investing: acquiring undervalued companies with robust fundamentals.ImageThe Graham Years (1950s): Buffett's academic pursuit led him to study under Graham at Columbia Business School. Graham's core tenets – the margin of safety and viewing stocks as ownership stakes in a business – became foundati
A Lifetime of Investing Wisdom of Warren Buffett

IWM - A pullback is coming

$iShares Russell 2000 ETF(IWM)$ - Price action and short term moving averages suggest a pullback is coming, but that thesis is confirmed only if $198 is lost. If that happens, $183 is the closest demand zone (buying opportunity), and if the volume shelf supports price, $214 is the next destination.ImageChop and higher 🤔We can’t really top until Greed is above 75ImagePS:A trader who controls emotions outside the screen won't break under pressure. Mental resilience is formed not in the market, but in daily life. Cultivate emotional discipline away from the charts, and you'll see a transformation in your trading.For whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commis
IWM - A pullback is coming

SPY - Still Constructive

$SPDR S&P 500 ETF Trust(SPY)$ - Still ConstructiveTeam green is wining so far, the candle shows indecision, but as long as the volume shelf stays as support, it can be a launchpad in any moment. 6th indecision candle in a row with overbought Stochastic. As of now it is targeting $5780, unless the shelf is breached.ImageWhen the price does not fall when there are several dojis, a consolidation is in play. And consolidation means a volume shelf in construction.There is potential for the shelf to become a launchpad; in any case, bullish or bearish, a big move is coming.Are you team green or team red?ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission
SPY - Still Constructive

Strong Azure & AI Lead Microsoft's Earnings Beat

$Microsoft(MSFT)$ 's Q3 results and outlook were strong, mainly driven by Azure. Azure's cloud growth hit 35% (constant currency), significantly above the expected 31.5%. This was due to both hardware deliveries and solid cloud migration deals. OpenAI contributed a strong 16 percentage points to Azure's growth (up from 13% in Q2), easing partnership concerns.Office Growth Remains SolidThe Office business showed good performance with 14-15% constant currency revenue growth, hitting the high end of guidance. Subscriber growth was steady at 7%, though some moderation is expected next quarter. However, strong E3/E5 sales and increasing Copilot adoption support our positive outlook for continued strong growth.Capex Near Peak, Still Expanding for Future
Strong Azure & AI Lead Microsoft's Earnings Beat

AMZN Solid Start, Second Half Uncertain

$Amazon.com(AMZN)$ 's reported revenue/profit of $155.7bn/$18.4bn beat expectations, thanks to international performance. Unit growth slowed a bit to 8% year-over-year. AWS growth matched forecasts at 17%. Overall, results and the Q2 outlook (slight revenue acceleration) were better than expected, with positive comments on product mix and third-party sellers.Tariffs Not Yet a Problem, Prepared if They Become OneManagement sees limited tariff impact in Q2 profit, citing pre-bought inventory and stable third-party seller prices. April sales were strong. Low-priced essentials are growing fast in the US. Amazon believes its wide selection and strategic buying should help it outperform if retail conditions worsen due to tariffs.Estimates Going Up on Go
AMZN Solid Start, Second Half Uncertain

Uncertainty Limits AAPL Stock Growth

$Apple(AAPL)$ 's June quarter sales outlook lacks specific product growth details due to tariff, demand, and legal uncertainties. While the immediate earnings impact is low and long-term tariff navigation is expected to improve, caution is key on near-term profit margins, anticipating further decline after June. Despite this, Apple raised its dividend and buybacks, expressing confidence. The stock shows strong cash flow.Tariffs: Minimal March Impact, $900M June CostMarch saw limited tariff impact thanks to supply chain management. However, June costs are projected to rise by $900M (net of one-time items) assuming current tariff policies remain. Most US-bound iPhones will be from India, and most iPads, Macs, Watches, and AirPods from Vietnam. The m
Uncertainty Limits AAPL Stock Growth

SPX - Second Indecision Candle with Bearish Look

$S&P 500(.SPX)$ - Second Indecision Candle with Bearish Look: Previous dojis like this one have preceded pullbacks, and the overbought oscillator adds references for a healthy decline. Bad factor: Price action is below the 200DMA Good factor: The 20DMA is in support mode and trending up.ImageSPX is experiencing turbulence below the 200 daily moving average, and has two open gaps below. Given the bearish Stochastic crossover, the first gap is likely to be filled, considering the price action needs a reset. However, the rejection zone is a key concern, as bear market rallies in 2018, and 2022 retraced from this area.ImageFor whom haven't open CBA can know more from below:🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limi
SPX - Second Indecision Candle with Bearish Look

Go to Tiger App to see more news

Invest in Global Markets with Tiger Brokers!
Open App