To The Moon

Three charts to watch as tomorrow’s PPI data approaches. Oversold conditions could trigger tactical bounces, but the broader technical picture remains cautious. 🔹 $Alphabet(GOOG)$ — A higher low today adds another point to the uptrend, but bearish momentum suggests downside continuation could follow tomorrow. A break below the 20-DMA would weaken the structure and open the way toward the lower Bollinger Band at $333. That level also aligns with a key monthly level and an ascending diagonal. 🔻 $VanEck Semiconductor ETF(SMH)$ — Semiconductors have entered correction territory, falling 12% in just six trading sessions. The rapid decline is pushing prices toward oversold conditions. A gap down tomorrow could t

During the past few days, I have been cautioning subscribers about a spike in volatility, backed by technical factors that were clearly documented, including cracks in the technology sector. More specifically, semiconductors are currently printing a bearish week: $VanEck Semiconductor ETF(SMH)$ and $Advanced Micro Devices(AMD)$ are both down -6% for the week, and $Micron Technology(MU)$ has declined -11%. Last night, I highlighted the risks of a decline considering price action for the $S&P 500(.SPX)$ and $NASDAQ 100(NDX)$ , since the structure for both indices had a downside mag

Both charts are showing constructive price action, with key levels defining whether the bullish momentum can continue. $Amazon.com(AMZN)$ — Riding the Upper Band Moving along the Bollinger Band without breaking below it is constructive. Amazon remains in an immediate uptrend as long as it holds above $258 this week. $Meta Platforms, Inc.(META)$ — Breakout Retest The pullback to the 20-DMA is playing out as expected after META broke above the upper Bollinger Band. More importantly, the breakout has taken the stock above the sequence of lower highs in place since the start of the year. So far, this looks like a solid trend reversal. Holding the 20-DMA would help reinforce the bullish case. #Bullish Markets

The $S&P 500(.SPX)$ closed muted for the second day in a row, showing indecision ahead of key inflation data. Tomorrow, the CPI will be released before the opening bell at 8:30AM EST, and on Thursday, the same will occur with the PPI and jobs data. The market is anticipating just a 22% chance of a rate hike on October 28th, when the Federal Reserve will make the decision whether to keep rates steady or increase them by 0.25%. The consensus for CPI YoY is 3.6%; any number above it may increase the probability of a rate hike tomorrow, placing potential pressure on stocks. The same applies to Thursday, when core PPI is forecasted at 0.5% for the month. Forecasting macroeconomic data is tricky, but staying prepared ahead of potential moves is esse

The week started with an interesting divergence highlighted last Saturday in the Weekly Compass: $Dow Jones(.DJI)$ showed a likely bullish setup, while tech exhibited cracks. Indices usually move in the same direction but with different proportions, and today those divergent setups indeed pushed both indices in opposite directions. $Dow Jones(.DJI)$ +0.35% vs $NASDAQ 100(NDX)$ -0.71%. The described cracks for tech are playing out. From the high-probability setups mentioned last Saturday, $NVIDIA(NVDA)$ was set to decline and the stock lost -1.3% today. $Advanced Micro Devices(AMD)$

Three charts, three setups to watch this week. 🔹 $Amazon.com(AMZN)$ — Momentum Is Back The bounce off the lower Bollinger Band played out as expected, with price reclaiming the 20-DMA on bullish momentum. Some consolidation near the upper band would be normal, but the move could continue. There are no major overbought signals yet, leaving room for further upside if buyers stay in control. 🔹 $JPMorgan Chase(JPM)$ — Earnings in Focus The chart looks constructive heading into earnings this week. The key will be how price reacts to the report and whether the current momentum holds. 🔹 $Qualcomm(QCOM)$ — Oversold at the 50-DMA $QCOM is oversold and finding support

Earnings season begins next week, and the stock market has shown resilience lately despite ongoing pressure from the bond market. The 10 year Treasury yield surged to a 24 year high of nearly 5.37% on Wednesday before settling near 5.25% by Friday’s close, continuing to test equity valuations. Meanwhile, the probability for an October rate hike sits just at 18%, which has helped temper extreme downside fears. However, it is crucial to watch the reversal unfolding in semiconductors. In last Wednesday’s mid-week update, I documented that $NVIDIA(NVDA)$ was setting up a bearish reversal. Sure enough, semiconductors, including $NVIDIA(NVDA)$ -2%, $Micron Technology(MU)$</

The weekly support and resistance levels modeled for the week ahead frame price action with precision. Technical analysis provides the directional probabilities, while these modeled support and resistance levels validate the thesis that technical indicators suggest. For example, I anticipated a bullish reversal for $Alphabet(GOOG)$ based on technical indicators illustrated transparently to paid subscribers last Saturday, providing the central weekly level (CWL) of 341 as the trigger/confirmation. That move materialized on Monday, and the initial upside target was modeled at 349.4, the zone reached on Thursday and revisited today. The weekly move was +2.2% 🎯. $Tesla Motors(TSLA)$ was set as a high probabil

$GOOG $META $NVDA Pullback Watch 📉 All three are showing signs of cooling off after pushing into overbought territory. The key now is how deep the pullback goes — and where buyers step back in. 🔎 $Alphabet(GOOG)$ Rejected at the upper Bollinger Band. The last time this happened, price pulled back to the 20-DMA and bounced. Let’s be pessimistic and assume the gap at $330 gets filled, which would offer a better entry. But expecting that deep a pullback right now may be wishful thinking. 📉 $Meta Platforms, Inc.(META)$ As flagged last week, the upper Bollinger Band breach and overbought oscillators pointed toward consolidation or a healthy pullback. Price could consolidate around the 20-DMA, potentially compl

During the last days, I have been highlighting the risk for the indices. Despite recent breakouts, this week’s story follows a familiar pattern: we see a bullish move on Monday that suddenly fades as the week progresses. This week we are observing the same sequence. A bullish push early in the week, largely led by the tech sector, quickly gave way to selling pressure, leaving the $NASDAQ 100(NDX)$ down -0.27% on the week so far. Meanwhile, $S&P 500(.SPX)$ sits with a modest weekly gain of just +0.55%, a reversal from the gain observed earlier in the week. I have been documenting the structural cracks and volatility warning transparently to help subscribers navigate potential fear of missing out (FOMO)