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NASDAQ 100 CFD

Money Market says that rate cut will be an urgent one (again)Just take a look on a rate cut expectations. In a short, the main technical graph is a difference (spread) between the nearest futures contract on FOMC interest rate (in this time Sept'24 ZQU2024) and the next one futures contract (in this time Oct'24 ZQV2024). It's clear that spread turned to negative in 2024, and heavily negative over the past several weeks. Historical back test analysis says that in all of such cases, FOMC is to cut interest rates immediately. The next scheduled FOMC meeting is September17-18. Will the market wait 6 more weeks? The right answer: NO. Rate cut will be an urgent one (unscheduled again).
CBOT:ZQ1!
by Pandorra
NASDAQ erased 3 months of gains. Is this a Bear Market?In early E.U. session today the Nasdaq futures (US100) reached a level that was last seen on April 25, essentially erasing market gains of more than 3 months! By doing so, it hit the 1W MA50 (blue trend-line) for the first time since the week of March 13 2023 (almost 17 months). That is the strongest long-term Support for the index and technically what potentially separates a long-term rally from a long-term correction phase. What matters here is the 1W candle closing. As long as the weekly candles close above the 1W MA50, the long-term bullish trend is maintained. Last time the index closed a week below the 1W MA50 was on January 17 2022, it extended the bleeding to the 1W MA100 (green trend-line). What confirmed the new Bear Cycle was the failure to close a 1W candle again above the 1W MA50, even though it broke 4 times (January 31 - April 04 2022). Since Nasdaq's long-term pattern remains a Channel Up anyway (since the October 10 2022 market bottom), if it holds and keeps closing above the 1W MA50, we expect a new +47% Bullish Leg (the previous two have been +48% and +49% respectively), which gives a long-term Target at 25400. If however the index closes below the 1W MA50, we expect at least a 1W MA100 test, giving a rough Sell Target at 15500 (could be a little higher though). Further selling and a potential new Bear Cycle, will be confirmed only by a failure to recover and close above the 1W MA50 again. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100
by TradingShot
U.S. Stocks' foreseeable goalsThe most important index for the reflection of the American Stocks market is the SP:SPX , so let's start with it. Unfortunately, now the chart of this index is not rich in models, so the current logic of movements in our opinion is described by the EXP model from July 30 on the daily timeframe👇 As long as the price is below the 4-point level (5 390.95), the target levels are 100% (5 125.93) and 200% (4 873.94). In case the price returns above the level of 4 point and goes beyond the trend line, there will be a second attempt to reach the target resistance level of 5 582.31 - the formally reached target of the impulse of August 1. It is necessary to mention that this pattern, despite being on the daily timeframe - is weak. In addition, let's look at a chart of the NASDAQ:NDX - this index includes the 100 largest non-financial companies traded on the Nasdaq exchange, primarily technology stocks. Consideration of this index is additionally interesting because most institutional managers consider BINANCE:BTCUSDT to be in the technology sector, so NASDAQ:NDX and BINANCE:BTCUSDT is often correlated. First, let's look at the AMEXP model that formed in mid-March 2023 on the weekly timeframe and described the entire uptrend within the 2023-2024 period on this index👇 In this model we are primarily interested in the level of HP (18 289.68), currently acting as an extreme support on the weekly timeframe, and if the price can consolidate under this level, the next support will be the level of 100% (15 891.73). More locally, on the daily timeframe, the current movement is described by the EXP model from July 24, where the price has already reached the first target level of 100% (18 355.48)👇 It is very interesting that now on NASDAQ:NDX the price has settled in the zone of 18 355.45-18 289.68 formed by 100% and HP levels and if we don't see a rebound soon and the price tries to consolidate under this zone, the next target level will be 17 296.42. By the way, we do not exclude that the movement towards 17,296.42 will be accompanied by an attempt of CME:BTC1! to close the CME GEP at the level of $57,805👇
NASDAQ:NDXShort
by TSFC
Nasdaq 2024 GuideBeen a long time since I posted! Firing it up with my bigger-picture view of the Nasdaq. Longer timeframe: Multi-year cup and handle - bullish into year-end Shorter timeframe: Rising wedge - potential window of weakness around the corner (end of Feb?) What's actionable about this chart? - If actively trading watch for a short-term sell signal - close below the wedge/below the prior day/week low depending on your time frame - Sell/trim into strength around 18k (top of the rising wedge) - If there's a retest of the multi-year breakout that is a great r/r add/buy spot into year-end - Fib extension from the 2022 low to the 2021 high measures to 20,650 - A break below 16k would put the bullish year-end thesis at risk - This chart should have ZERO influence on individual stocks that are set up differently - follow your system Like the post for more / comment on what you'd like to see more of. Thanks for reading!
FX:NAS100
by Lanmar
8
🔜 20+ Year Treasury Bond Market. Perhaps This Is The End US stocks surprised much of Wall Street this year with a strong run that defied decades-high interest rates and recession calls. The rally was fueled by slower inflation and hype over artificial intelligence. But more recently, the Federal Reserve's unwavering higher-for-longer rate stance and a deepening bond-market rout have had a sobering effect on equities sentiment, with the S&P 500 index halving its year-to-date gains. Indeed stock valuations are looking increasingly stretched, raising the risk of a correction. One such indicator in particular is flashing RED - the relative valuation of stocks versus the debt market. SPX / ICE BofA Corporate Total Return Index In August this year, the S&P 500 CBOE:SPX climbed to levels last seen during the peak of dot-com boom, relative to an index that tracks the US corporate bond market. The gauge is still holding near those highs, despite the recent pullback in equities. The metric last surged this high in the spring of 2000 — and that was followed by a multi-year meltdown in stocks that saw the S&P 500 crash 50% between March 2000 and October 2002. SPX 50% Decline During 2000-2002 Another indicator that shows the richness of stocks relative to debt is the so-called equity risk premium — or the extra return on shares over government debt, which is considered a safer form of investment. The metric has plunged this year lows unseen in decades, indicating elevated stock valuations. "Equity risk premium is near its worst ever level going back to 1927. In the 6 instances this has occurred, the markets saw a major correction & recession/depression - 1929, 1969, 99/00, 07, 18/19, present," research firm MacroEdge said in a recent post on X (ex-Twitter). The so-called equity risk premium (earnings yield minus bond yield) recently fell to a new cycle low and remains well below historical averages. In other words, the stock market has become more expensive relative to the bond market despite the recent pullback. Meanwhile the main graph (quarterly Div-adjusted chart for NASDAQ:TLT 20+ Year Treasury Bond ETF) illustrates perhaps right there could the end for U.S. Govt Bond Market decline, with Double top as a further projected/ targeted upside price action. Will all of that bring U.S. stock market to 50% decline like in early 2000s!? Time will show!
NASDAQ:TLT
by Pandorra
40
Weekly Update: At the very least...ITS TIME TO RAISE CASH !!!!Since I last updated you on the overall markets, price has retreated lower. (Click Here for the last Market Update) The Nasdaq futures contract (NQ) has declined a total of 10.76% whereas the SP500 futures contract (ES) has only declined 5.05% from their respective all-time highs earlier in July. Does the Divergence between the weakness of the NQ, and relative strength of the ES, tell us anything? As I take in volumes of information to access the current pattern I find myself overwhelmed with the musings of more experienced market participants. A reasonable explanation would be the Nasdaq outperformed on the way up and is now underperforming on the way down. A sign possibly it got ahead of itself? Sure. However, in my experience, the answer is more nuanced to advancing and declining markets than simply the Nasdaq outperformed earlier and is now underperforming. I find Bob Farrell’s “Market Rules to Remember” always a good list to consult in the most interesting of market times. In his top 10 list of market rules, I find the market somewhere between rule #2 and rule#4 rather germane to the current price action. Rule #2 states : “Excesses in one direction will lead to an opposite excess in the other direction.” Whereas Rule #4 states : “Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways.” Have we achieved the one directional excess that will lead to excesses in the opposite direction yet? Does this rapidly rising market have further to go? These are questions that are impossible to answer right now as the current price action in the NQ and ES tends to favor both rules. To further explain with respect to Rule#2…as long as we remain above the April lows in both the NQ and the ES, we retain the ability to continue to subdivide higher . Right now, those April lows seem like worlds away from the current consciousness of traders. However, from an Elliottitions’ perspective, the upside pattern is not damaged in the least, as long as we remain above those April lows. But to say the advancing price action has not been damaged in the least is somewhat an oversimplification of the technical structure of the recent price action as notated in RN Elliott’s original theories. Elliott Wave Theory simply put states that a trend will persist in 5 distinct waves, and counter trend price action will retrace the trend but only in 3 distinct waves. This forms the basis of trends, or (Motive Waves) and counter trends, or (Corrective Waves). The exception to this primary tenant of EWT is, wait for it …… (A diagonal Pattern) . Anyone can use the Google Machine for a definition of what a diagonal is within the construct of Elliott Wave Theory. However, I will add that the sentiment of market participants usually is that of tepid confidence. Traders not entirely sure of their actions....FOMO. Nonetheless, using this basic premise, this is how I interpret the current market price action. Disclaimer: I am not a fortune teller. I do not levitate off the ground, nor do I smoke a pipe like a wizard. Elliott Wave Theory is a construct to provide simply a higher probability forecast of future price action...NOT A GUARANTEE. Many times, with more price action and the benefit of hindsight, patterns can be interpreted as something other than what was originally perceived. The current price action in the NQ can persist to new all-time highs right now. However, to do so, would ONLY be accomplished as an Ending Diagonal for wave 5 of larger V of even larger wave (III). This sort of price action, if it subdivides to it’s ultimate conclusion, would eventually result in a market crash of sorts. Ending Diagonal patterns ideally return to their point of origination in relatively short order. The origination point of this potential pattern is the April lows. That would be considered a pretty hefty decline if that were to play out and certainly scare those who remain permanently bullish by virtue of a lack of imagination. The ES, although not nearly as precarious as the NQ pattern is, would undoubtedly follow suit to a large extent. Therefore, I will conclude by humbly offering some unsolicited advice. The professionals, the market media and your day trader buddy…all will chime in when it’s time to buy. Its crickets…when it’s time to sell. You, nor I, have ever turned on CNBC to hear…”Folks it’s time to sell stocks”. In my last update on the markets, I ended with this statement... these decisions are only yours alone to make. I will not tell you to sell now. However, I’ll tell you this. It is time to raise some cash. Could the market make new highs? Sure. But have you honestly done a risk/reward scenario for these potential incremental new highs? Take that suggestion for what it may be worth. Best to all, Chris
SP:SPX
by maikisch
us100 Best time to long indicehi CAPITALCOM:US100 Long near Best support ! This year it surpass the Life time High. Us Election Could lead to side ways, but its Destined to up side as Observed. thnks ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
CAPITALCOM:US100Long
by knowngate
NASDAQ Bullish reversal possible while holding the 1D MA100.Nasdaq (NDX) failed to hold the short-term Channel Up as it broke below the 1D MA50 (blue trend-line). However the long-term Channel Up that started after the October 26 2023 bottom has now assumed control as the index found support on its 1D MA100 (green trend-line), which is right on the pattern's bottom (Higher Lows trend-line). This is technically the 3rd bottom formation within this 8-month span and the two Bullish Legs that followed registered rises within the 21% - 22% range. Notice also that the 1D RSI almost hit 30.00 and rebounded, which is consistent with the April 19 2024 and October 26 2023 bottoms. As a result, our current Target on Nasdaq is 22500 (+20% rise from the new Higher Low). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
Bitcoin adjusted to market cycleI think something like this make sense? We are at a 1st leg or wave of impulse, that is led by early adapters. 2nd leg up would be BTC outperforming SPX. 3rd wave would be a market chop w/ still some opportunities. 1st wave -> buy when it's cheap (bellow 70k crowd). Then comes rally to 120-150k. Before it becomes too expensive. 2nd and 3rd wave are led by ppl missing on a bandwagon, good returns. No crystal ball, see what happens:) > Driver is the rate cuts and money at money market funds. You can also see how divergence in BTC/SPX graph was the market top for btc.
BITMEX:XBTLong
by citsvar
NQ Long (NDX, QQQ)NQ is showing the first signs of recovery from its recent decline. The overall decline and first day of recovery is structurally similar to the last pullback in April. Price has pushed through the bottom BB and is starting to bounce back inside. RSI has turned up on the daily after being pushed below the lower threshold which has only happened 3 times this year and price has bounced each time. Given that the latest PCE was on target, rate cuts appear to be within sight. For the period between now and when the first rate cut actually occurs, I think NQ will rally to the previously developing POC around 20,000. The 20,000 level is also supported by a massive open interest for QQQ 496 calls (image linked below) which roughly works out to the 20k NQ level. The call wall should act as a progressively stronger magnet since MMs will buy the underlying to hedge their exposure. It will also act as a major resistance which is why my final scale out is a range to be adjusted as the trade progresses. Risks There is a lot of uncertainty at the moment, so these assumptions are based on macro data meeting forecasts and the remaining MAG7 earnings being neutral to favorable. If the remaining MAGs miss on earnings, then I expect a drop to around 18,500. QQQ Open Interest drive.google.com
CME_MINI:NQ1!Long
by proteus_1
2
The Apple DominionThe weakest minion can terminate the Apple dominion. Apples, like all fruit, are born to serve two purposes. To spread the apple species and to feed birds, worms and humans. The life of the apple is interesting to watch. It began as a tiny seed in the fields of NASDAQ in 1980, weighing at $0.39 (or grams). Now the apple has grown to be almost 800 grams. That is record heavy for an apple. (There have been several stock splits that lowered the price of each apple) The miracle of nature is, that a tiny cell can multiply thousands upon thousands of times. In this case, our apple fruit has grown almost 2000x since its birth. We have fed off of apples for a long long time. The consumption of apples (measured in pieces) reached its peak in 2010. Most who needed to eat a single apple, have eaten it. Volume is significantly decreasing. This apple fruit is now massive in size. No sane person would eat 800 grams of apple in an evening. Of course volume has significantly weakened. Now with a single apple you can feed an entire family. To make some sense of the real need for apples, we have to consider the daily consumption of apples in grams, not in a piece-by-piece basis. This indicators makes a very simple calculation. It multiplies volume with the logarithm of price. If we wish to compare price to volume, we must convert them both in the same scale. Volume is linear, while price is logarithmic. To compare apples to apples, price must be turned into a linear number. An interesting phenomenon takes shape right in front of our eyes. Apple consumption reached its peak in 2008. From then, the market is getting progressively more saturated in apples. Think about it. Everyone who needed an apple, has eaten one. There is almost nobody left who has never eaten an apple. Up until 2008, most the majority of apples went into our mouths. Now, the majority of apples will have to evacuate through the back door. Consumers have eaten too much of everything, not just apples. Similar saturation problems occur in the wider feed (equity) market. Stepping aside from the wider eating problem, we can perform some more analysis on recent price action of apples. To further support the following analysis, I will consult some professionals. Robert D. Edwards, John Magee and W.H.C. Bassetti. In their book called "Technical Analysis of Stock Trends (Eleventh Edition)", in page 62 there is an incredible chart. As it turns out, Head-and-Shoulders patterns can be non-normal. With many bumps for heads and shoulders. This chart will be used as a guideline for recent apple prices. These charts are too similar to ignore. Truth is usually hidden right under our noses. We may choose to ignore it, but it still exists. While the NL (Neck Line) trend is intact, a wider trend is at risk. Even if price tries to cloud your judgement using fakeouts, you must stay strong in your view. And if you are afraid of being wrong, you must find more ways to prove that you are not an elephant. Tread lightly, for this is hallowed ground. -Father Grigori
NASDAQ:AAPL
by akikostas
16
The Dot-AI BubbleSpeculative bubbles excite traders and investors alike. NVDA is the absolute winner of the AI craze. Craze is the sentiment of the market cycle peak. After craze and euphoria, fear and denial will inevitably flood our minds. It is nothing more than the never-ending cycle of the economy. A simple line drawn on a chart spells the ultimate demise for speculation. NVDA is making all-time-highs. Its performance/momentum however is showing alarming signs of weakness. Beware. Not all is as it seems. The very nature of a Bubble is that it defies all measurable mathematics. NVDA wants more. It wants everything. Just like any other corporation would. For capitalism, more equals more. NVDA aims to swallow the entire money supply. Improbable as it may seem, physics theoretically allows that. Divergence is one of the most misunderstood concepts in analysis. Divergence is not describing a future weakness. It describes the current weakness. NVDA is moving so fast, that its bear market is itself growing exponentially. If NVDA is now moving slower now than it was in 2015-2018, how fast is it trying to go? NVDA remembers the explosiveness of that period, and is trying everything to repeat it. Prices and investors have memory. Both however forget the well-known saying. Past performance does not guarantee future performance. This is the Achilles' heel of prices. They promise what they cannot deliver. Price will reach as high as possible, for as long as there is a willing buyer to take the bait. For capitalism, more is better, at all costs. The ultimate cost will certainly be paid. The last buyer will be the last NVDA bear who will give-in the mania. And that will mark the end. Tread lightly, for this is hallowed ground. -Father Grigori
NASDAQ:NVDA
by akikostas
20
Deckers Outdoor Corp. The Epic Bullish BreakthroughShares of Hoka-owner Deckers Outdoor rose in after-hours trading Thursday after the company handily beat Wall Street expectations in its fiscal fourth quarter. The stock was recently up 9.4% to $990, following a 1.3% rise at the close. Shares are up about 35% this year as of the close. The Goleta, Calif.-based shoe and apparel company, which also owns the Ugg and Teva brands, said its sales rose 21% to $959.8 million, ahead of the $888.5 million expected by analysts polled by FactSet. Hoka brand sales were up 34% and Ugg rose 15%. Teva brand sales fell 16%. The company posted a profit of $127.5 million, or $4.95 a share, in the three months ended March 31, compared with a profit of $91.8 million, or $3.46 a share, a year earlier. Analysts polled by FactSet expected a per-share profit of $3.10. Deckers expects revenue to increase about 10% to $4.7 billion in the fiscal year ending March 31, 2025. The company expects $29.50 to $30 in per-share earnings for the period, compared with the $30.74 a share expected by analysts polled by FactSet. Technical graph indicates on strong Bullish momentum in Deckers (DECK) shares, that based on my expectations is able to deliver stocks up to $1400 per share.
NYSE:DECK
by Pandorra
MidCap vs. LargeCap. Technical & Fundamental Levels to WatchThe Russell 2000 trailed the S&P 500 significantly in 2023, gaining about 17% compared to a gain of about 24% for the large cap index. That underperformance has spilled over into 2024. As of July 10, 2024 the Russell 2000 YTD is about Zero compared to a 17.75% gain in the S&P 500 (SPX) and 23.50 gain in Nasdaq Composite Index (IXIC). By the way, that valuation measures make the small cap Russell 2000 index much more compelling when compared to the S&P 500. Small caps relative to the S&P 500 on a price-to-book basis is back to where it was in 1999. As of June 30, 2024 small caps price-to-book (P/B) ratio is 2.10, as it described on FTSE Russell 2000 Index Factsheet, while Total US Market (Russell 3000) P/B ratio is 4.42. I'll be brief. Perhaps it will be the briefest brief over the past ten god years I'm here on TV. DON'T MISS IT, AS IT ONE PER LIFE OPPORTUNITY. The main technical graph is ratio between RUT (Russell 2000 Index) and S&P500 Index, and it back to support that was never seen over the past 25 years, since March 1999. What's happened with market at these times? ⭐ Nasdaq Composite Index doubled in price over the next 12 months (March, 1999 - March, 2000), than turned 4x down. ⭐ S&P500 Index printed +20 per cents (March, 1999 - March, 2000), than turned 2x down. ⭐ March 1999 was the absolute low and was a launch point of 12 years of outperformance for Small caps vs Large caps. Will history repeat itself..? Who knows... But personally I believe - Yes, it can.
TVC:RUT
by Pandorra
NASDAQ Held the 1D MA50 and is rebounding.Nasdaq (NDX) almost hit the 1D MA50 (blue trend-line) on Friday and immediatelly rebounded yesterday, in anticipation of high cap earnings starting tonight with Tesla and Alphabet. The 1D MA50 has been intact as the major Support of the Channel Up pattern since May 06. The previous two Bullish Legs rallied at least +10.37% before the next short-term pull-back, so we are setting a new Higher High (top of the Channel Up) Target on Nasdaq at 21450. Notice also the harmonic occurrence of the bottoms (Higher Lows) of the Channel Up as highlighted by the Sine Waves. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
5
NIKE INC. AMERICAN SHOOES LOOSING GLOSS, AHEAD OF U.S. RECESSIONNIKE Inc. or Nike is an American multinational company specializing in sportswear and footwear. The company designs, develops, markets and sells athletic footwear, apparel, accessories, equipment and services. The company was founded by William Jay Bowerman and Philip H. Knight more than 40 years ago, on January 25, 1964, and is headquartered in Beaverton, Oregon. As of July 15, 2024, NIKE (NKE) shares were down more than 33 percent in 2024, making them a Top 5 Underperformer among all the S&P500 components. Perhaps everything would have been "normal", and everything could be explained by the one only unsuccessful December quarter of 2023, when the Company’s revenue decreased by 2 percentage points to $12.6 billion, which turned out to be lower than analyst estimates. But one circumstance makes everything like a "not just cuz". This is all because among the Top Five S&P500 Outsiders, in addition to NIKE, we have also shares of another large shoe manufacturer - lululemon athletica (LULU), that losing over 44 percent in 2024. Influence of macroeconomic factors 👉 The economic downturn hurts most merchandise retailers, but footwear companies face the greatest risk to loose profits, as higher fixed costs lead to larger profit declines when sales come under pressure. 👉 The Nasdaq US Benchmark Footwear Index has fallen more than 23 percent since the start of 2024 as consumer spending is threatened by continued rising home prices, banks' reluctance to lend, high lending rates, and high energy and energy costs. food products - weaken. 👉 In general, the above-mentioned Footwear Sub-Industry Index continues to decline for the 3rd year in a row, being at levels half as low as the maximum values ​​of the fourth quarter of 2021. Investment Domes worsen forecasts... 👉 In the first quarter of 2024, Goldman Sachs made adjustments to its forecast for Nike shares, lowering the target price to $120 from the previous $135, while maintaining a Buy recommendation. The company analyst cited ongoing challenges in Nike's near-term growth trajectory as the main reason for the adjustment, anticipating potential underperformance compared to market peers, noting that Nike's 2025 growth expectations have become "more conservative." 👉 Last Friday, Jefferies Financial Group cut its price target from $90.00 to $80.00, according to a report. 👉 Several other equity analysts also weighed in on NKE earlier in Q2 2024. In a research note on Friday, June 28, Barclays downgraded NIKE from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $109.00 to $80.00. 👉 BMO Capital Markets lowered their price target on NIKE from $118.00 to $100.00 and set an overweight rating on the stock in a research report on Friday, June 28th. 👉 Morgan Stanley reaffirmed an equal-weight rating and set a $79.00 price target (up from $114.00) on shares of NIKE in a research report on Friday, June 28th. 👉 Oppenheimer reiterated an outperform rating and set a $120.00 price target on shares of NIKE in a research report on Friday, June 28th. 👉 Finally, StockNews.com downgraded NIKE from a "buy" rating to a "hold" rating in a research report on Friday, June 21st. ...and it becomes a self-fulfilling prophecy Perhaps everything would have been fine, and all the deterioration in forecasts could have been attributed to the stretching spring of price decline, if not for one circumstance - it is not the ratings that are declining due to the decline in share prices, but the shares themselves are being pushed lower and lower, as one after another depressing ones are released analytical forecasts from investment houses. 16 years ago. How it was On January 15, 2008, shares of many shoe companies, including Nike Inc. (NKE) and Foot Locker Inc. (FL) fell after investment giant Goldman Sachs (GS) slashed its stock price targets, warning that the U.S. recession would drag down the companies' sales in 2008 as consumers spend more cautiously. "The recession will further increase the impact of the key headwind of a limited number of key commodity trends needed to fuel consumer interest in the sector," Goldman Sachs said in a note to clients. In early 2008, Goldman downgraded athletic shoe retailer Foot Locker to "sell" from "neutral" and cut its six-month share price target from $17 to $10, saying it expected U.S. sales margins to continue to decline in 2008 despite store closures. The downgrade was a major blow to Foot Locker, which by early 2008 had already seen its shares fall 60 percent over the previous 12 months as it struggled with declining sales due to declining demand for athletic shoes at the mall and a lack of exciting fashion trends in the market. sports shoes. Like now, at those times Goldman retained its recommendation rating to “buy” Nike Inc shares, based on general ideas about the Company’s increasing weight over the US market, topped off with theses about the Company’s international visibility, as well as robust demand ahead of the Beijing Olympics. However Goldman lowered its target price for the shares from $73 to $67 ( from $18.25 to $16.75, meaning two 2:1 splits in Nike stock in December 2012 and December 2015). Although Nike, at the time of the downturn in forecasts, in fact remained largely unscathed by the decline in demand for athletic footwear among US mall retailers, it reported strong second-quarter results in December 2007 (and even beating forecasts for strong demand for its footwear in the US and growth abroad) , Goldman Sachs' forecasts for Nike's revenue and earnings per share to decline were justified. Later Nike' shares lost about 45 percent from their 2008 peaks, and 12 months later reached a low in the first quarter of 2009 near the $40 mark ($10 per share, taking into account two stock splits). The decline in Foot Locker shares from the 2008 peaks 2009 lows was even about 80 percent, against the backdrop of the global recession and the banking crisis of 2007-09. Will history repeat itself this time..!? Who knows.. However, the main technical graph says, everything is moving (yet) in this direction.
NYSE:NKE
by Pandorra
NASDAQ Still a few weeks before it tops.Nasdaq (US100) has been trading within a Channel Up pattern since the November 2022 market bottom and at the moment is unfolding its 3rd major Bullish Leg of the pattern. Supported on the short-term by the 1D MA50 (red trend-line), the index is aiming for at least a +26.20% rise from the April 15 Low, as the 2nd Bullish Leg rose by 5% less than the first. The price has entered its peak formation process on the Channel Up Higher Highs as the 1W RSI has been overbought (above 70.00) for a month, similar to when the top started forming in June 26 2023 and February 2024. Our immediate short-term Target remains 21300 as per our previous analysis. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
1
Russell 2000 Breaks 52-Weeks Highs, Recovering from Bearish HugsSmall caps still look like good long-term play despite Russell 2000 backlog in the first half of 2024 vs Large Cap S&P500 Index (SPX) and tech-heavy Nasdaq Composite (IXIC) and Nasdaq-100 indices (SPX). As of July 10, 2024 the Russell 2000 YTD return was about Zero compared to a 17.75% gain in the S&P 500 (SPX) and 23.50% gain in Nasdaq Composite Index (IXIC). By the way, that valuation measures make the small cap Russell 2000 index much more compelling when compared to the S&P 500. Thursday was a historically strange day in the stock market. That may be good news. 👉 The Russell 2000 rose more than 3%, while struggles for Big Tech stocks weighed on the S&P 500 and Nasdaq Composite. At the same time, every stock in the so-called Magnificent Seven fell, including a more than 5% decline for Nvidia and a 2.3% drop for Apple, which dragged down both the S&P 500 and Nasdaq Composite. 👉 Thursday was just the 2nd day in history since 1979 when the Russell 2000 rose more than 3% while the S&P 500 declined. The split trading came after the June report for the consumer price index early Thursday showed headline inflation declined last month and is now up about 3% over the past year. 👉 The Nasdaq Composite underperformed the Russell 2000 by more than 5 percentage points in what appears to be largest ever daily gap on record. The only other time the gap came in above 5 percentage points was in November 2020 (where broad stock rally began), right after Pfizer shared positive results from a Covid-19 vaccine trial. What is The Russell 2000 Index in US stock market universe?! 👉 The Russell 2000 Index measures the performance of the small-cap segment of the US equity universe. The Russell 2000 Index is a subset of the Russell 3000 Index. 👉 The Russell 2000 Index represents just as low as 7% of the total market capitalization, however it includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership (appr. two-third of The Russell 3000 Index components). 👉 The Russell 2000 is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small-cap opportunity set. Russell 2000 Index characteristics (as of June 30, 2024) Price/Book: 2.10 Dividend Yield: 1.44 P/E Ex-Neg Earnings: 16.90 EPS Growth - 5 Years: 14.14 Number of Holdings Russell 2000: 1,921 Russell 2000 Index Technical aspects In technical terms Russell 2000 Breaks 52-Weeks Highs, Recovering from Bearish Hugs
FX:US2000
by Pandorra
SPX & NDX to SHORT TVC:DJI NASDAQ:QQQ AMEX:IWM NASDAQ:NDX SP:SPX Rising wedge pattern forming in S&P 500.....big banks price target forecast for fiscal year 2024 were $4800-$5600 ....eventually hitting all PT mid 2024......S&P500 fell last week and DJI rose last week with 4% percentage difference which means investors or big money booking profits from tech and large weighted stocks in S&P 500 and investing in small caps and value stocks because of low inflation and hoping rate cuts soon. NASDAQ100 just witnessed bearish engulfing candle on thursday 11th july 2024....engulfing previous 4 days candles. Read:https://www.tradingview.com/news/benzinga:1590409c1094b:0-ai-super-bulls-pay-attention-to-the-biggest-divergence-since-2001-tsla-call-buyers-crushed/
SP:SPXShort
by MAFIA_TRADER074
3
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PEPPERSTONE:NAS100Long
by Thief_Trader