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Here's Why $BABA Could Skyrocket Even Higher!Analysis: Looking at the dataset, it's evident that both the Macro PVVM and Micro PVVM scores for Alibaba ( NYSE:BABA ) show an overall increasing trend over the examined period. The Macro PVVM went from a score of around 0.58 to approximately 54.24, demonstrating a significant uptrend. The Micro PVVM also moved from -53.71 to 40.23, showing a reversal from a bearish to a bullish momentum in the short term. The close price of NYSE:BABA has been generally increasing along with the PVVM scores, indicating that the bullish momentum has been affecting the stock's price positively. Key Takeaways: There's an established bullish momentum, indicated by the upward trend in both the Macro and Micro PVVM. The Micro PVVM has crossed from negative to positive, suggesting that the bearish short-term movement seen at the beginning of the period has turned into a bullish one. The most recent close price of $98.33 is the highest over this period, further confirming the bullish sentiment. Trading Strategy: Given the bullish trend and movement, it would be a good strategy to maintain a long position on Alibaba. However, traders should keep an eye on the PVVM scores. If there's a sudden drop, especially in the Micro PVVM, it could indicate a reversal in the short-term movement. Since both Macro and Micro PVVM are in positive territory and increasing, traders should look for opportunities to enter long positions on pullbacks, as the overall trend is upwards. Keep in mind the rule that the best long entries are when both PVVMs are low and start showing signs of strengthening.
NYSE:BABALong
by WiseStrat
Inflation vs Innovation Can the Markets Handle the HeatGlobal markets face contradictory forces in 2023. Inflation still simmers as central banks tighten money supply worldwide. Geopolitical friction continues while economic growth likely slows ahead. Yet technological transformation charges ahead, with artificial intelligence poised for explosive improvements. Investors and policymakers must stay nimble in this uncertain environment. After plunging painfully in 2022, stocks have rebounded with vigor so far this year. This despite raging inflation and the Federal Reserve's hawkish stance on interest rates. Hefty liquidity efforts in China likely buoyed prices. Investors may also have grown too pessimistic amid still-sturdy corporate profits. But sentiment could sour again if supply chain snarls resurface. In bond markets, yields continue reflecting dreary growth expectations after last year's surge. The inverted yield curve especially screams pessimism on the near-term economy. Meanwhile, the Fed's bond portfolio shrinkage has yet to rattle markets. This implies the Fed's quantitative easing and tightening have limited impact on actual money supply, defying popular perception. On inflation, early 2023 figures show it easing from 40-year heights but still well above the Fed's 2% bullseye. The Fed remains leery of declaring victory prematurely. Taming inflation sans triggering severe recession is an epic challenge. Geopolitical wild cards like the Russia-Ukraine war that evade the Fed's grasp will shape the outcome. Amidst these crosscurrents, technological forces advance relentlessly. The frantic digitization around COVID-19 now gives way to even more seismic innovations. The meteoric success of AI like ChatGPT provides a mere glimpse of the transformations coming for healthcare, transportation, customer service and virtually every industry. The promise appears gargantuan, with AI generating solutions and ideas no human could alone conceive. But the warp-speed pace also carries perils if ethics and safeguards fail to keep up. Mass job destruction and wealth hoarding by Big Tech could ensue absent mitigating policies. But wisely harnessed AI also holds potential to uplift living standards globally. For investors, AI has already jet-propelled leaders like Google, Microsoft, Nvidia and Amazon powering this tech revolution. But smaller firms wielding these tools may also see jackpot gains, as costs plunge and new opportunities emerge across sectors. That's why non-US and smaller stocks may provide superior opportunities versus overvalued big US tech. In conclusion, the global economic and financial landscape simmers with familiar threats and novel technological promise. Inflation may moderate but seems unlikely to vanish given lingering supply dysfunction and distortions from massive stimulus. Stocks navigate shifting sentiment amid rising rates and demand doubts. And machine learning progresses rapidly into a future we can now scarcely envision. Nimbly navigating such turbulence requires flexibility, tech savviness and philosophical courage. Responsibly steering AI's development is a herculean challenge, to maximize benefits and minimize pitfalls. Individuals need to stay skilled while advocating protections against job disruption. Policymakers face wrenching tradeoffs between growth, inflation and financial stability - all compounded by geopolitics. Yet within uncertainty lies opportunity for those poised to seize it. The future remains ours to shape, if we summon the wisdom and will to guide technology toward enriching human life rather than eroding it. The road ahead will be arduous but need not be hopeless, if compassion and conscience inform our creations.
NASDAQ:NDXEducation
by BitcoinMacro
QQQ: Looking Out for a 20-40% Pull BackThe NASDAQ100 is currently sitting at the 0.886 and 1.618 PCZs of big Bearish Shark and Bearish Butterfly patterns as the indicators hover around the overbought zones; we don't exactly have much confirmation yet that these PCZs will hold, but it seems like it wouldn't be a bad idea to position against the QQQ early on via some SQQQ monthly calls and perhaps getting Bearish on some of the top stocks within the index such as NVDA, TSLA, and MSFT. Being conservative, I will only be looking for it to come back to the common Fibonacci Retracement zones below, but it's also possible that this ends up being a macro top; for the time being, that doesn't really matter because as of right now, it looks quite Bearish. On a side note, the VIX also looks like it's been preparing to spike up for a few months now and the targets for such a spike are pretty massive, as seen here:
NASDAQ:QQQShort
by RizeSenpai
Tech Stocks Looks Bullish Into Year's End (Neowave/Elliottwave)Based on Neowave principles, it seems like major stocks (and non-crypto tech stocks in particular) will continue to rally into the end of the year, followed by a long correction in 2024. After wave-E is finished in early 2025, we should see one of the largest bull markets since the 1990s. This will complete a 25-year correction which began in 2000 when the last tech bubble popped, and begin a new tech bubble which could last 10-20 years. This next bubble will likely be built on the backs of AI and crypto, as well as persistently high inflation.
NASDAQ:QQQLong
by Intuit
A Negative Month at these Levels Could Signal NVDA Down to $196We are at a point where NVDA is trading at a Macro Monthly Bearish ABCD PCZ and all the Oscillators are sitting in overbought zones. If NVDA sees a negative monthly candle at these levels, it is very likely that these Oscillators will begin to come down again and signal Potential Bearish Action ahead; if we get such a signal at these levels, then I would typically aim for it to go back down to the level of C of the ABCD as a Minimum Target; but given how high this is and how profitable even a 61.8% retrace would be, I will opt to target the 61.8% retrace instead down at $196.32 as it nicely fits into my typical 3:1 risk to reward requirement.
NASDAQ:NVDAShort
by RizeSenpai
8
AAPL Upward Channel OverextensionAAPL has been leading the market over the past couple of months after running more than 55% from its recent bottom and hitting that mythic $3 trillion dollar market cap. For the past two months AAPL has been trading within a clear upward channel clearly respecting the top and bottom of the trend. AAPL has been making a series of higher lows and higher highs while making slight pullbacks to key demand levels. Last week AAPL finally broke up from the wedge pattern on the hourly to finally head up to test the top of the channel trend again. After the gap up and run last week AAPL is starting to look overextended on the hourly while we are also spotting a possible bearish divergence in the RSI forming. Careful going long on AAPL as so far it is being rejected at this supply zone and we have picked up bearish activity betting on a pullback to $191.50. Risk/reward doesn't favor going long as it is overextended even from EMAs. Bulls are looking for a break above the channel or $195, target $196.33 or our 0.619 fib extension. Bears are happy as long as AAPL doesn't break above the supply zone and remains below $195.
NASDAQ:AAPLShort
by optionsswing
21
Will AI workloads consume all the world’s energy?On big questions like this, almost nothing stays constant. When we consider a new technology: We cannot assume that rates of adoption or usage will remain constant—they may drop, they may even grow. We cannot assume that the technology supplying our energy needs will remain constant—there could be breakthroughs in efficiency or changes in the overall energy mix. We cannot assume that the efficiency of the specific technology being adopted will remain constant—we have seen numerous examples of areas where an initial version of something in technology or software faces subsequent improvements that may give it greater capabilities with lower energy usage. We must also recognise that artificial intelligence (AI) itself could suggest improvements in energy efficiency for specific applications—like the heating and cooling of a building. Therefore, any analysis of energy usage and AI must recognise that the one constant will be change. Environmental impact of select large language models (LLMs) LLMs have been garnering the lion’s share of attention amidst the current excitement around generative AI. It makes sense to consider the amount of carbon emissions generated by some of these systems. The Stanford AI Index Report, published in 2023, provided some data, noting that factors like the number of parameters in a model, the power usage effectiveness1 of a data centre, and the grid carbon intensity all matter. Considering power consumption of an LLM Those building different LLMs have many levers they can pull in order to influence different characteristics, like energy consumption. Google researchers proposed a family of language models named GLaM (Generalist Language Model), which uses a ‘sparsely activated mixture of experts’. While a full discussion of how that type of approach works is beyond the scope of this piece, we note that the largest of the GLaM models has 1.2 trillion parameters. Knowing solely that data point, the assumption would be that this model would consume more energy than any of the models. In reality, the GLaM model with 1.2 trillion parameters consumes only one-third of the energy required to train GPT-3 and requires only half of the computation flops for inference operations. A simple way to think of what is going on is that, while the total model has 1.2 trillion parameters, a given input token into the GLaM model is only activating a maximum of 95 billion parameters, that is, the entire model isn’t active across all the parameters. GPT-3, on the other hand, activated all 175 billion parameters on each input token3. It is notable that, even if measuring the performance of AI models occurs on many dimensions, by many measures the GLaM model is able to outperform GPT-3 as well4. Conclusion The bottom line is that model design matters, and if model designers want to denote ways to maintain performance but use less energy, they have many options. Sources 1 Power usage effectiveness (PUE) is useful in evaluating the energy efficiency of data centres in a standard way. PUE = (total amount of energy used by a computer data centre facility) / (energy delivered to computer equipment). A higher PUE means that the data centre is less efficient. 2 Source: Du et al. “GLaM: Efficient Scaling of Language Models with Mixture-of-Experts.” ARXIV.org. 1 August 2022. 3 Source: Patterson, David; Gonzalez, Joseph; Hölzle, Urs; Le, Quoc Hung; Liang, Chen; Munguia, Lluis-Miquel; et al. (2022): The Carbon Footprint of Machine Learning Training Will Plateau, Then Shrink. TechRxiv. 4 Source: Du et al, 1 August 2022.
SPARKS:AIX
by aneekaguptaWTE
9
Harnessing the AI Revolution: A Powerful Surge with NVIDIA, GoogThe future is now, and it's coded in the language of Artificial Intelligence. As investors, we have a unique opportunity to be part of this game-changing journey. My personal story began with NVIDIA, an industry leader in AI and graphics processing. Acquiring NVIDIA shares two months ago was akin to boarding a spacecraft destined for new frontiers. The ride has been exceptional, with returns exceeding my expectations. But, the vast landscape of AI is not limited to one planet. There's a whole universe to explore, and I decided to broaden my horizons. Hence, I ventured further, incorporating three other stellar entities into my portfolio - Google, Microsoft, and IBM. These industry titans are carving their paths, harnessing AI to innovate, and influencing global trends. My portfolio is not just an investment; it's a belief in a future shaped by AI, a testament to a revolution unfolding right before our eyes. Join me in this journey, as I share my insights, strategies, and perspectives on navigating these high-tech tides. Together, we can capitalize on the industry that is relentlessly and rapidly shaping our tomorrow. Remember, the revolution might be digitized, but the rewards are very real.
NASDAQ:NVDALong
by Titans_Trading
Apple ready to resume higher after pullback. In this article, I want to bring attention to the failure break on Apple yesterday. It's true, good news occurs in an uptrend, but should be careful when good news pushes sentiment to extremes. Must be an over-crowded reaction after the new product announcements. As you know the big announcement was the debut of the Apple Vision Pro. However, maybe there was a bit of too much optimism from the buyers, so the market normally does the opposite... when least expected. From an Elliott wave principle looks like we can see some retracement before uptrend may resume which is in full progress now. We talked about this bull run already back in January. Well, before bull run can be done, we need five waves up. But notice that's not the case yet. In fact, there can be wave four pullback ahead, so its worth wait for a retracement first and then maybe look for longs from 165-170 area, where we also see a gap from May 04 earnings. I also talked about this chart in our webinar today here on TV, check the link to the recording below. Grega
NASDAQ:AAPL
by ew-forecast
AMAZON on a 1D Bullish Cross, first since Feb 2020!Amazon Inc (AMZN) just completed a Bullish Cross on the 1D time-frame, the first in more than 3 years (February 04 2020)! That alone is the strongest long-term buy signal we could get. On the shorter term, now that the price is comfortably above the Bear Cycle Lower Highs, we will start targeting on every pull-back the upper Fibonacci levels, which match fairly well the Lower Highs Resistances of the Bear Cycle. Our medium-term target is 146.50 (slightly below the 0.618 Fibonacci). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMZNLong
by TradingShot
3
$QQQ Outlook 05/30 - 06/02The tech sector is on a tear. NASDAQ:NVDA earnings set the tone last week and the AI craze is on. NASDAQ:QQQ had a bullish week, closing up +3.53%, bringing it up +8.76% on the month. Strong earnings, job cuts, and developments in AI technology has sent the sector higher. Technical Analysis: The last two weeks saw NASDAQ:QQQ break out of the rising wedge we were watching. Last week’s high signaled a test of a bullish channel. This channel uses the same uptrend support line we’ve been watching since the beginning of March. We are looking to see if this continues higher, or if the channel resistance is respected. My general lean for this week is bullish, although after last week’s incredible run, I do expect a bit of a retrace before we head higher. A healthy pullback is due so we can continue to move up this channel. I would be bullish if price action can continue to hold above last week’s close of 348.40. Bear case if we can break below last week’s open at 336.25. I’d expect a bounce here as it is in the golden pocket (0.618 retrace would be 337.08), but if we cannot hold this level, we could target the gap to fill below down to 332.91 which would invalidate the golden pocket. Upside Targets: 348.40 → 349.25 → 350.72 → 352.46 → 354.43 Extended: 356.78 Downside Targets: 346.38 → 344.57 → 341.31 → 338.19 → 336.25 Extended: 334.35
NASDAQ:QQQLong
by peterjames_6
3M Position Trade✨ NEW: 3M...UT (3M, 3D) ✨ POSITION TRADE ✨ BLO1 @ 74.34 BLO2 @ 50.99 (Wealth Trade - I may never let this position go) TP1 @ 112.53 (shave 25% from BLO 1) TP2 @ 175.83 (shave 25% from BLO 1) TP3@ 215.82 (shave 25% from BLO 1) 3M Co. is a technology company that creates industrial, safety, and consumer products. They operate under different segments such as Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. Recently, the company has faced a major challenge involving around 260,000 pending lawsuits due to their military earplugs malfunctioning. The outcome of these legal proceedings could greatly impact 3M, either causing severe consequences or presenting a unique investment opportunity. Our team predicts that despite the uncertainty, institutions will likely intervene and purchase 3M's stock as it returns to its established pattern of gradual and steady growth, also known as the company's intrinsic or true value. However, it is important to acknowledge that the future outcome is still subject to change and could sway in either direction. Here is my strategy: I plan to sell 25% of my BLO1 holdings at every take profit point, while keeping the remaining amount for a long-term investment. However, I have no plans to sell any of my BLO2 holdings and will be holding them for the long term. This is commonly referred to as the "diamond hand strategy." Happy Trading‼️
NYSE:MMMLong
by CashFalcon
1
Samsung SECU DCA - RectangleCompany: Samsung SECU Ticker: 018260 Exchange: Korea Exchange (KRX) Sector: Technology Introduction: Welcome to today's technical analysis. We're turning our focus to Samsung SECU, analyzing its daily scale chart on the Korea Exchange (KRX). The price action suggests a well-defined rectangle pattern formation, which, coupled with the bullish market sentiment reflected in the KOSPI Composite Index, presents an interesting setup. Rectangle Pattern: A rectangle pattern is a trend continuation pattern formed when the price oscillates between parallel support and resistance levels. The breakout direction indicates the trend direction. Analysis: Samsung SECU's price has been moving within a clearly defined range, forming a Rectangle pattern. The upper boundary of this Rectangle is at 36000 KRW, while the lower boundary is at 30150 KRW. With four touch points at both boundaries, the fourth at the upper boundary has already signaled a breakout. Additionally, the price is above the 200 EMA, indicating a bullish market environment. As a result, a long position becomes a favorable consideration. Our projected price target post-breakout is set at 41850 KRW, translating into a potential price rise of approximately 16.27%. Conclusion: Samsung SECU's daily chart presents a compelling scenario, with a clear Rectangle pattern and a recent breakout. Given the bullish sentiment in the overall market, as indicated by the rising KOSPI Composite Index, long positions currently seem favorable. As always, remember that this analysis does not constitute financial advice. Conduct your own research and consider risk management strategies before making any investment decisions. If you found this analysis helpful, please like, share, and follow for more insights. Happy trading! Best regards, Karim Subhieh
KRX:016360
by KarimSubhieh
1
TIP off... Just want to show an anomaly observed here... sort of a tip off on what is most likely to happen. You see, I read Russell Napier's Anatomy of the Bear back in 2009 (not easy to get it as it is out of print!), and he describes TIP as one of the/a leading indicator ahead of the equity market. Superimposed on the TIP daily chart is the SPY (blue line), NASDAQ (cyan line). You can see that it does lead the SPY and NASDAQ. However, there is a deviation from the pattern since two weeks ago. TIP has been falling hard, and the technical indicators are all bearish no doubt; but the SPY has been cranking upwards, furthermore so the NASDAQ. So, here is the deal... either TIP rockets back up, or the equity markets dive down. Which would it be, you think???
AMEX:TIP
by Auguraltrader
2
GIGM DCA - Cup and Handle PatternCompany: GigaMedia Limited Ticker: GIGM Exchange: NASDAQ Sector: Technology Introduction: Hello everyone, today we are focusing on GigaMedia Limited (GIGM), analyzing its Daily scale chart on the NASDAQ exchange. The price chart has caught our attention due to the formation of a bottom pattern, specifically, a cup and handle, which has been developing over the past 270 days. Cup and Handle Pattern: The cup and handle pattern is typically a bullish reversal pattern signifying a period of consolidation followed by a breakout. As the name suggests, it resembles a cup with a handle. Analysis: GigaMedia's price chart has been in a downtrend, as indicated by the blue diagonal resistance line. However, the formation of a cup and handle pattern suggests a potential reversal of this trend. The price is currently attempting to surpass the 200 EMA, and the horizontal resistance stands at $1.62. If a breakout above this resistance level occurs, a long position could be considered. Our projected price target in this case would be $2.12, which corresponds to a potential price increase of approximately 30.74%. Conclusion: The daily chart for GigaMedia Limited suggests a potential bottom reversal with the formation of a cup and handle pattern. A breakout above the pattern's resistance could present a viable long position opportunity. As always, remember to conduct your own research and consider your risk management strategies before making investment decisions. Thank you for tuning into this analysis. If you found it informative, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NASDAQ:GIGM
by KarimSubhieh
Overvalued Tech: Time for Tangible Assets & Fair ValuationsThe tech sector, specifically the 'Big Tech' companies have seen massive gains since the massive accumulation in 2010-2014. However, these increases seem disconnected from the companies' actual value or tangible contributions to the real-world economy. Their high price-to-earnings ratios suggest overvaluation and potential for a market correction. Invest in sectors with real-world utility and reasonable valuations - Allocate capital to sectors like industrials, materials, consumer staples, or healthcare. These sectors provide tangible products and services and often have more reasonable valuations. 1. High Valuations: Tech stocks, in particular, often trade at high multiples of their earnings or revenues. These high valuations can make them more vulnerable to market downturns, as they can fall more dramatically if investors reassess their growth prospects or risk tolerance. 2. (GOOGL, APPL, AMZN, MSFT, META, NVDA, ADBE, and TSLA) all represent a significant portion of the SNP-500 index due to their large market capitalizations. 3. So, in a S&P-500 meltdown , these tech companies could potentially see significant declines in their stock prices due to these factors. However, it's important to remember that the specifics would depend on a wide range of factors, including the reasons for the market downturn, the companies' financial health and growth prospects, and overall investor sentiment. 4. I would choose Tesla as the only pick out of all 8 as this company has shown lots of potential compared to our tech giants of the now. Even with the upbringing of AI it is not enough to save google or meta, but Apple and Microsoft might hold up strong as they are largest caps. 5. Google (Alphabet) : ~$1.5 trillion Apple Inc. (AAPL): ~$2.5 trillion Amazon (AMZN): ~$1.7 trillion Microsoft (MSFT): ~$2.2 trillion Meta Platforms : ~$1 trillion NVIDIA (NVDA): ~$500 billion Adobe (ADBE): ~$300 billion Tesla (TSLA): ~$800 billion TOTAL = 10 Trillion roughly
NASDAQ:AAPL
by MichaelBsul