Dave's chart showing bearish candle pattern for QCOM: schrts.co/CcgtewXk 👀 See what better financial charting can do for you! Start your FREE 1-month trial today at stockcharts.com 👍🏻 If you enjoyed this video be sure to hit the THUMBS UP ✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe Here: tinyurl.com/wvet7qj
I've been watching a longer term trend line on the SMH 275-280 area. Grabbed my stones and bought puts on Tuesday SMH @ $278. Payed off handsomely today. Curious, how's that Hindenberg Omen signal......any change?
I have a slightly unrelated question but since you are using stockcharts on a Mac, Dave, I am wondering what program you use for trading on a Mac, since most trading programs are written for the PC? I used to like TradeStation on my PC, for example...
Thx Dave! The concert sounds like it would've been a good time... if I were in that area I'd join the audience. Looking forward to Steve Nison's interview. Enjoyed reading his literature, breathing imagination and life into my chart analysis. I enjoyed the stories brought from the Japanese into the Candle setups.
Today's NVDA price change highly mimics a two state thermodynamic phase transition. The math suggests that this was a smart set-up by Bear traders. The fact that it ended almost exactly as expected for such a transition is mind blowing. One can only guess what the next phase will be. My hope is that the pullback will only go to about $129 on Friday. If so NVDA might rise again next week. I'm hoping for $145 in a couple of weeks.
GILD published amazingly positive clinical study results for an HIV vaccine which is what drove that spike. Smaller upward action Friday. Not normally a stock I’d be in given long term trend, but jumped in for a short term profit. What’s the likelihood a stock in that overall long term downtrend would continue higher? Seems risky.
July thru August strong seasonally.. of course mid June thru July usually pullback as rotation briefly from tech to defensives that doesn't last however as reversiin to growthusually resumes until August... prelection year after may rise is bullish through normally weak period of year..... net net..... but the dip;?
HOW ATH ARE MADE What goes up must come down. This just means the Old investors are exchanging hands with the new investors. Now we have new investors that bought shares around $135-$140 (These people will not sell around these prices as they want to profit) The next run up will be $150. A sizable sell off happened today. The next runup will go past $140 as these new investors hold. Again Rubin R100 is being released in Fall 2025 Rubin R200 is being released in Spring 2026 I would personally buy the dip here
Without a doubt, this year will be worse than the last. I lost a lot of money last year as a result of bad investment choices that I would not have made if I hadn't been so worried about my portfolio. I kept investing, but I couldn't determine whether to start paying for a house. In the end, I sold my positions, and the house needed more work than I had planned. I'm not sure how long I can keep going like this.
I love guys like Drunkenmiller who 'wisely' went longRussell vs Tech month ago thinking he's MikeyBurry.. hilarious guys that are smarterthan everyone else..... small caps underperform until postecession trough lasti checked we haven't 'landed' yet as Fed looks for another proverbial change up (transitory) only to smell leather on fastball
Dave's chart showing bearish candle pattern for QCOM: schrts.co/CcgtewXk
👀 See what better financial charting can do for you!
Start your FREE 1-month trial today at stockcharts.com
👍🏻 If you enjoyed this video be sure to hit the THUMBS UP
✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe Here: tinyurl.com/wvet7qj
Sorry, repeating my question from my short, but any idea when we'll get the stockcharts ACP on mobile?
Thank you. I was hoping to buy some $MU and your timing is perfect.
Great stock, buy and hold
Candle patterns are fairly short-term indicators, and may set up a higher low? D
I got out of my NVDA position yesterday @140. Great company long term, but no regrets.
Not sure where you entered that position, but sure you're happy with the result!! D
@@DKellerCMT Yes, I'm very happy, thank you. Not Nancy Pelosi happy, but happy😄
I've been watching a longer term trend line on the SMH 275-280 area. Grabbed my stones and bought puts on Tuesday SMH @ $278. Payed off handsomely today. Curious, how's that Hindenberg Omen signal......any change?
I have a slightly unrelated question but since you are using stockcharts on a Mac, Dave, I am wondering what program you use for trading on a Mac, since most trading programs are written for the PC? I used to like TradeStation on my PC, for example...
Thx Dave! The concert sounds like it would've been a good time... if I were in that area I'd join the audience. Looking forward to Steve Nison's interview. Enjoyed reading his literature, breathing imagination and life into my chart analysis. I enjoyed the stories brought from the Japanese into the Candle setups.
Today's NVDA price change highly mimics a two state thermodynamic phase transition. The math suggests that this was a smart set-up by Bear traders. The fact that it ended almost exactly as expected for such a transition is mind blowing. One can only guess what the next phase will be. My hope is that the pullback will only go to about $129 on Friday. If so NVDA might rise again next week. I'm hoping for $145 in a couple of weeks.
NVDS is a good bet
Whether you're bullish or bearish on $NVDA, a pullback is probably exactly what you want to see! D
Pullback is more likely controlled selling orchestrated by bulls to buy NVDA at a lower price.
GILD published amazingly positive clinical study results for an HIV vaccine which is what drove that spike. Smaller upward action Friday. Not normally a stock I’d be in given long term trend, but jumped in for a short term profit. What’s the likelihood a stock in that overall long term downtrend would continue higher? Seems risky.
I began shorting NVIDIA on Tuesday. :)
Thank you Dave.
Thanks so much for watching! D
You let me down today, David. I had to google the weather in Redmond Washington due to your lack of coverage 😥
😂
Hahahhahaa
This must be what meteorologists feel like when they try and take a vacation :) D
Nice reversal on strong sector. Cash is good
Zoom out and behold: the trend is intact, it will take a lot more than last weeks action to change that. Yes NVDA and a few others need a break, so?
July thru August strong seasonally.. of course mid June thru July usually pullback as rotation briefly from tech to defensives that doesn't last however as reversiin to growthusually resumes until August... prelection year after may rise is bullish through normally weak period of year..... net net..... but the dip;?
The move in GILD was news related.
The life of a biotech stock! D
gt video Dave. thanks frte candle patterns. i think xle is ging up in price n i am buyer of xle. have a safe meeting and safe trip. all te best
Crude oil finally showing signs of strength! D
Hmm, you are still shorting?
Took that short off a while ago on higher price action. It's not about being right all the time, it's about admitting when you're wrong! D
😂 that thumbnail
Candle patterns apparently make me *very* angry. D
HOW ATH ARE MADE
What goes up must come down. This just means the Old investors are exchanging hands with the new investors.
Now we have new investors that bought shares around $135-$140 (These people will not sell around these prices as they want to profit)
The next run up will be $150. A sizable sell off happened today. The next runup will go past $140 as these new investors hold.
Again Rubin R100 is being released in Fall 2025
Rubin R200 is being released in Spring 2026
I would personally buy the dip here
"All new highs are bullish except the last one." -Greg Morris
Doesn't that logic hold for every stock at every price point though? For every seller, there's always someone buying.
Without a doubt, this year will be worse than the last. I lost a lot of money last year as a result of bad investment choices that I would not have made if I hadn't been so worried about my portfolio. I kept investing, but I couldn't determine whether to start paying for a house. In the end, I sold my positions, and the house needed more work than I had planned. I'm not sure how long I can keep going like this.
O-H!
When I see a thumbnail with a grown up man posing like a child with hands to cheeks, making a "shocked face" - I get embarrassed
But I'm just so shocked. D
I love guys like Drunkenmiller who 'wisely' went longRussell vs Tech month ago thinking he's MikeyBurry.. hilarious guys that are smarterthan everyone else..... small caps underperform until postecession trough lasti checked we haven't 'landed' yet as Fed looks for another proverbial change up (transitory) only to smell leather on fastball
Click bait again :). The new format is much better...Less commentary and more analysis!
Do we need the home alone face thumbnail? Can we be adults. We are discussing the financial markets where adults need to be adults.
Bearish Engulfing *yawn* Retracement -- in a bull run, it's an OPPORTUNITY to buy the dip!
It definitely represents short-term weakness not long-term weakness! D
We'll see e if it's a bear trap 😂 I'm not selling.