Magnificent Tech Stocks
Mid-week update. Nvidia (NVDA) - bullish We are currently at the ideal long entry, small market buy at current price will be smart. A retrace continuation towards $100 is still in play so DO NOT GO ALL IN. Dollar cost averaging your way in. Hopefully we see a strong reaction
Magnificent Tech Stocks
Its Labor Day today and the U.S. market is closed. What to expect for tomorrow’s open? Roundhill Magnificent Seven ETF (MAGS) As mentioned in last Monday’s report, the MAGS etf was showing weakness and was more than likely in for a short term retrace. The retrace is
Commodities
Gold (XAU) Macro = bullish / short term = bearish We are making a small profit on this one. On the daily we did confirmed a bearish engulfing candle but was then reversed by price trending higher. Lower timeframe is telling a different story right now. Smart to take profit on our long
Magnificent Tech Stocks
Mid-week update Nvidia (NVDA) - neutral Nvidia releases its Q2 2024 earnings report today and everybody's eyes on here. Most stocks will move depending on today's earnings report so be careful. Price action wise we are at key level. We break above for bullish continuation or
Magnificent Tech Stocks
Monday's Open Roundhill Magnificent Seven ETF (MAGS) Prices have not been able to break above resistance and we just closed the daily chart on Friday with an engulfing bearish candle indicating a possible retrace so be cautious this week. Most tech stocks are showing weakness short term. Amazon.
Commodities
Gold (XAU) Macro = bullish / short term = bullish Daily chart is about to confirm a retrace on today’s close. Our first long entry has just been hit, this should be a short percentage of your total position size you’re planning on building. The plan is to build a position
Deep Value Stocks
Macro Outlook - Neutral With Trump’s failed assassination attempt and the narrative behind the US elections we would’ve thought a bullish continuation here but it wasn’t the case. Price action kept showing weakness. Weekly RSI is trading below the 50, NO BUENO. We are in a NO
Magnificent Tech Stocks
Mid-week update Amazon.com (AMZN) - Bullish There’s an aggressive long trade here. Market buy now, dollar cost average your entry on a possible retrace toward $176. Stop tight at $176 Target @ $190 Alphabet (GOOGL) - Bullish This one just confirmed a bullish reversal on lower time frame. Long
Commodities
Edition #2 Macro = bullish / short term = bullish 🚀 🚀 🚀 From a macro perspective, the bullish trend has just been confirmed. With the current worldwide uncertainty regarding monetary policies, the wars going on and the political conflicts people tend to swift towards safe havens like gold since their store of value does not
Magnificent Tech Stocks
We have been uno reversed. Weekly close - update #5 What to expect on Monday’s open? Roundhill Magnificent Seven ETF (MAGS) Most stock prices from the Magnificent Seven have been on a rise so far. Everything seems to have found a temporary bottom and MAGS etf is currently entering
Commodities
Weekly Update #4 Gold (XAU) Macro = bullish / short term = neutral We are at a NO TRADE zone currently trading at resistance. For bullish momentum to continue, a break above the all time high of $2,484 is crucial. Bearish scenario, if price breaks below $2,430’s then we’ll
Magnificent Tech Stocks
Weekly Update #4 Roundhill Magnificent Seven ETF (MAGS) Previous bullish idea hit ✅ We had a perfect pump from the sub $40’s critical level and we are currently entering the resistance zone. $44 - $45’s price action is key, if we get rejected and start trading sub $44’s