When in doubt, leave it out < I remember being in a training class for my first job out of college and my teacher said that. She was talking about dress codes, and that if we had a doubt like...is this work appropriate, then the answer was no. This quote has stayed with me and even proven useful in trading. Right now we are in indecision on a lot of names. No clear uptrends, and still most stocks remain in overall downtrends. Most of us are impatient, we want to catch the bottom, even though we know when we wait for a clear direction the profits flow effortlessly. It's ok to put on a small position, but just know where we are at in the trend and range. What's your position on AAPL for the next few days or weeks? For me, I am really leaning sideways, but am testing small positions. It is important to wait after the morning noise dies down before committing. In fact, yesterday I broke my 11am rule of no decisions or trades til after 11am, and closed a put on another name. Then within the hour, the position flipped. Talk about regret. What was worse was that I had hedged it the day before with a call, and closed the call at a loss too. Amateur moves, but hey, new day and fresh eyes will make a killing.
As the former US Treasury Secretary pointed out, the Trump administration's erratic rhetoric and ever-changing tariff policy measures are gradually eroding the global market's trust in the US dollar. Investors are therefore seeking asset allocations with safe-haven properties. Gold, as a traditional safe-haven tool, naturally becomes the first choice. From the perspective of technical analysis, the bullish trend of gold prices is strong. After the opening, it has shown a unilateral upward trend, with significant intraday gains. In this market situation, it is particularly important to follow the price trend, and counter-trend operations often face greater risks. Based on the current market trend, the gold bull market is still expected to continue, and may even further hit higher points. In terms of trading operations, it is recommended to take a dip and buy more after a pullback to the key support level as the main strategy. Today, gold rose to a new high, reaching 3317, and the increase was close to 100 points. The strength is beyond words. After the previous sideways accumulation, it continued to rise by inertia. It continued to be bullish and long. In the 4H cycle, it broke through the upper track of Bollinger, driving the moving average to turn upward, but the indicators diverged. It is prudent to buy more on the decline. The support below is maintained at 3288 and 3270. Buy more according to the strength of the decline. The upper side will gradually look to 3300 and 3320. Don't blindly guess the top! Operation strategy: 1. It is recommended to buy more gold near 3270-72, stop loss at 3264, and target at 3300 and 3320! If it is very strong, rely on the support of 3288-90!
UNI bounced from bottom and tested 2021 support range which rejected the price back to bottom of range. Whole pattern is very similar to XRP before it started it's impulse that lead him to ATH range. I expect similar move from UNI. Stoch RSI showing we are oversold and ready for bounce up. We should soon do local impulse up with quick correction to form higher low and then blast past fibb 0.618 S/R range. Likely targets for impulse are fibb 1.272 and fibb 1.618 range.
I see the INV C&H formation, but I am still leaning bullish, watch for the confirmations and the Gap fill. News will be key!!!!
Two pieces of bad news hit the chip sector in a single day. First, the U.S. announced new restrictions on Nvidia, blocking the sale of its H20 chip to China. H20 was the only AI chip Nvidia could legally sell to China under existing regulations. The company stated the new restrictions could cost up to $5.5 billion. The second blow came from ASML’s earnings report. ASML is the sole producer of EUV machines, which are critical for manufacturing advanced chips, including those used in AI. ASML's revenue miss, combined with the Nvidia news, weighed heavily on technology stocks. However, there is a silver lining: the revenue miss was due to weaker DUV machine sales, which are used for more basic chips. EUV sales actually beat market expectations by 33.54%, indicating that investment in AI infrastructure remains strong. Nvidia shares are down more than 6% in premarket trading. This downward pressure may continue after the market opens. If the price drops below 100, it could present a buying opportunity for medium- to long-term investors. AI investment continues globally, and countries outside the U.S. are likely to accelerate their efforts to catch up. Despite the recent negative sentiment, there is no major change in the long-term outlook for the sector.
Bitcoin - long after SL hunt 1st key area 83k 2nd key area $80 500 VWAP + VAL
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Shares of United Airlines Holdings, (NASDAQ: NASDAQ:UAL ) saw a noteworthy uptick of 6% on Wednesday's premarket session after the industry leaders reported it swung to a profit in the first quarter as revenue hit a record high, sending shares surging in extended trading Tuesday, further extending gains to premarket session. The Chicago-based carrier posted first-quarter revenue of $13.2 billion, up 5% year-over-year and above the analyst consensus from Visible Alpha.1 Adjusted net income of $302 million, or 91 cents per share, compared to a loss of $50 million, or 15 cents per share, a year earlier, and also topped Wall Street’s estimates. United Says It Expects 'Resilient' Earnings in Q2 The results come amid an uncertain economic environment for airlines. Last week, Visual Approach Analytics warned that air travel could face "demand destruction" as a result of the Trump administration's tariff policies, and rival carrier Delta (DAL) withdrew its full-year outlook, citing “current uncertainty." Looking ahead, United said it expects "resilient earnings" in the second quarter and full fiscal year, despite macroeconomic challenges. The airline said it plans to reduce off-peak flying on lower-demand days. Technical Outlook United shares jumped nearly 7% in after-hours trading, extending gains to Wednesday premarket session. The stock has lost nearly a third of its value so far in 2025 through Tuesday’s close. The daily price chart depicts a bullish flag pattern with the asset gearing to break the ceiling of the flag - a move that will cement the bullish campaign for NASDAQ:UAL shares. Further more, with the RSI at 44.97, NASDAQ:UAL shares are well ready for a bullish campaign capitalizing on the moderate momentum of the market.
Love this diamond bottom pattern. Wait for a clear direction and watch for the news!!!
Hello traders, I want share with you my opinion about Bitcoin. The chart shows how the price previously made a strong decline, followed by a sharp rebound from the buyer zone between 77800 - 79000 points. This recovery formed a short-term uptrend, which led the price back into the seller zone, where bullish momentum slowed down. After testing resistance, BTC formed a wedge pattern that eventually broke to the downside, causing a new wave of correction. Following this drop, the market rebounded again from support and began forming a triangle pattern. The triangle developed inside the same larger resistance area that had already rejected price action before. The structure of the triangle shows lower highs with clear resistance along the 88500 level, reinforcing bearish pressure. Currently, BTC is trading near the apex of this triangle, and the price just bounced down again from resistance. This reaction suggests that the market is struggling to push higher and could be ready for a breakdown. Based on the triangle structure, the seller zone rejection, and the multiple failed attempts to break higher, I expect BTC to move downward toward the 80000 points, which I consider as TP1. The 79000 - 80000 area also coincides with the next major support and previous accumulation zone. Please share this idea with your friends and click Boost ?