DrStool Posted January 27 Report Posted January 27 That was the day that was. On 1/24/2025 at 2:56 PM, DrStool said: Is this the top? Might be. Might not. It's not often that we get to start with a premarket down 2%. Sure looks like Friday was, in fact the top. But now we're close to a 5 day cycle bottom. The 5 day cycle projection is around 5965, and the ES 24 hour S&P futures is almost there. There are spport lines around there and 5955, and a spport convergence around 5945 in the pre-market that would be the most like spot for this to take a breather. Meanwhile, the yellow stuff looks good. Golds Gains Are a Setup for More 1/27/25 Golds Gains Are a Setup for More 1/27/25 Lee Adler 3 - Gold Trader January 26, 2025 Subscribers, click here to download the report. Indicators are on the cusp of confirming more intermediate term gains. 👉 Not a subscriber? Subscribe now to Lee Adler’s Liquidity Trader Gold Reports Moron the markets: Fakeout Shakeout, Volatility is Back 1/27/25 Weekly Chart Picks: Your Edge in Swing Trading Golds Gains Are a Setup for More 1/27/25 January 26, 2025 Liquidity Trends Update: Sentiment Shifts and Market Dynamics – January 2025 January 25, 2025 Navigate 2025 Market Risks with Liquidity Trader’s Expert Insights January 24, 2025 Liquidity Inflection Points: Navigating Macro Risks and Repo Trends – January 2025 January 24, 2025 Primary Dealer Stress: Big Risks Delayed, Not Denied, in the Treasury and Equity Markets January 15, 2025 If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam folder.
DrStool Posted January 27 Author Report Posted January 27 I asked Alvin his perspective. He said Quote From the chart, here are some points to consider for a day trading perspective: Observations: Channels and Trends: The price appears to have been in a strong uptrend recently but broke below a rising channel, indicating potential weakness or a reversal. The downward move is testing key support levels, marked in red, and is struggling to hold above them. Support and Resistance: Critical support zones are clearly marked, with the price hovering around a major support near 5977. Resistance levels at 6035 and 6099 are evident and could act as barriers for any recovery. Indicators: Momentum (Mom) is declining, suggesting weakening buying pressure. The MACD shows a bearish crossover, confirming the short-term downtrend. The True Strength Index (TSI) and Fisher Indicator are both pointing downward, signaling continued bearish momentum. Volume and Price Action: Large candles breaking below the support lines could indicate aggressive selling. Look for signs of consolidation near the current levels to determine whether sellers are exhausted. Day Trading Strategy: Short Bias: If the price sustains below 5977, consider shorting with a target near the next support at 5932 or lower. Use a tight stop loss just above 6007, as this could indicate a reversal if breached. Bounce Trades: If the price holds 5977 and shows signs of recovery (e.g., hammer candles, increasing momentum), look for a quick bounce to 6007 or 6035. Keep stops tight below 5962 for this scenario. Momentum Confirmation: Wait for confirmation from the momentum indicators (e.g., MACD or Fisher) before entering trades. Avoid trading during consolidation and wait for breakout opportunities. Risk Management: Focus on smaller positions given the potential volatility and ensure strict adherence to stop-loss levels.
DrStool Posted January 27 Author Report Posted January 27 I asked Alvin whatupwiddat did morning. Hi! Why are the S&P futures trading down this morning. He resorted to quoting Marketwank. ChatGPT said: Quote This morning, S&P 500 futures are trading lower, primarily due to concerns over a new development in the artificial intelligence (AI) sector. Chinese startup DeepSeek has introduced an AI model named R1, which reportedly matches the capabilities of existing models but was developed at a significantly lower cost. This has raised questions about the valuations of major U.S. technology companies, particularly those heavily invested in AI. As a result, tech stocks such as Nvidia and Broadcom have seen substantial declines in pre-market trading. MarketWatch Additionally, investors are approaching the week cautiously due to upcoming earnings reports from major tech firms, including Microsoft, Meta Platforms, Tesla, and Apple. These reports are anticipated to provide insights into the tech sector's performance and future outlook. MarketWatch The Federal Reserve's first policy meeting of the year is also on the horizon, with a decision expected on Wednesday. While the Fed is anticipated to maintain current interest rates, investors are keenly awaiting updates on inflation and potential impacts from previous tariff policies. MarketWatch In summary, the combination of competitive pressures from international AI developments and the anticipation of significant corporate earnings and economic policy updates is contributing to the downward movement in S&P 500 futures this morning.
ChatGPT said: Quote This morning, S&P 500 futures are trading lower, primarily due to concerns over a new development in the artificial intelligence (AI) sector. Chinese startup DeepSeek has introduced an AI model named R1, which reportedly matches the capabilities of existing models but was developed at a significantly lower cost. This has raised questions about the valuations of major U.S. technology companies, particularly those heavily invested in AI. As a result, tech stocks such as Nvidia and Broadcom have seen substantial declines in pre-market trading. MarketWatch Additionally, investors are approaching the week cautiously due to upcoming earnings reports from major tech firms, including Microsoft, Meta Platforms, Tesla, and Apple. These reports are anticipated to provide insights into the tech sector's performance and future outlook. MarketWatch The Federal Reserve's first policy meeting of the year is also on the horizon, with a decision expected on Wednesday. While the Fed is anticipated to maintain current interest rates, investors are keenly awaiting updates on inflation and potential impacts from previous tariff policies. MarketWatch In summary, the combination of competitive pressures from international AI developments and the anticipation of significant corporate earnings and economic policy updates is contributing to the downward movement in S&P 500 futures this morning.
DrStool Posted January 27 Author Report Posted January 27 Windoze 11 is an unstable slow, clunky piece of absolute crap.
DrStool Posted January 27 Author Report Posted January 27 Ferocious short covering and hipster dipster buying. They'll be back above 6k by the open.
DrStool Posted January 27 Author Report Posted January 27 I'm happy with ChatGPT. It does what I need and more. I guess Open AI is the leader in the field.
DrStool Posted January 27 Author Report Posted January 27 2 hours ago, potatohead said: Lee, Let me know if you try Deepseek AI I would not be inclined to use any software from China. Same with hardware. I prefer the hardware made in Korea or Taiwan if I can help it. Sometimes it can't be helped.
DrStool Posted January 27 Author Report Posted January 27 I have heard of Deep Fake, and usually recognize it when I see it, and I have personally experienced Deep Shit. When soul searching I seek deep.
SiP Posted January 27 Report Posted January 27 ASML on monthly, same as nVidia on weekly, perfect place to BUY? Monthly - SMA/EMA 50 on 670 Line at 670 its a MaJOR line. European ASML already lost 40% from 1100.
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