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Pltr share price is still in the mode of the signal given on "7-May-2024 of BULLISH SIGNAL REVERSED". GLTA
Unfortunately I don't have time to check but part of the many stocks in my port.
Furthermore, I had this investment taken as one for the long term.
Now, half of my profits have disappeared already.
Disney share price now under the SPREAD TRIPLE BOTTOM BREAKDOWN mode since 7-May-2024.
This is the reality currently. And I will keep it still a long term commitment.
Should it continue in this mode, I intend to buy more, as well. C'est La Vie, Mt. Blanc!
Cheers & Better Luck To All
Still some hope for a change from this disappointing run.
Shoulda, coulda, woulda taken profits about $17 for this snap-less run, lol.
I have little patience for this stock.
We shall see. GLTA
Probably some day trading/traders activity as well.
In the very short term, at times even they may dominate the trading direction.
It is all part of the picture and that should not affect one's plans for the long and intermediate term about both these leading stocks.
Cheers & GLTY
Though technically I don't feel yet bullish enough in the short term at this time, however buying in a phased method for the long term makes good sense. GLTY
At this time the chart technical picture suggests share price will be heading lower.
The Death Cross occurred in early May (probably on May 2).
There seems to be a likely support level at or about the $25 level.
However, starting to buy in steps from the $27 price level area makes sense to me for intermediate term (6-9 months) investing.
But it looks a good stock for long term investing.
It's sad to see the bungling and failure at Tesla when it comes to FSD. In my city that is all hilly and difficult driving Waymo has taken over smoothly and they are all over as I see them operate so smoothly and efficiently. My son is now using Waymo and is totally happy with it. All that Tesla has talk, talk and talk for about a decade! I'm almost decided to dispose of my remaining shares of Tesla and buy more/add on Google and Amazon and Nvidia shares, instead. No end to this trail of bad news with Tesla! I've had enough of this sad saga and the misdirection of a great company that initiated the transformation of the Transportation industry.
Bad news on top of worsening geopolitical situation in ME and Ukraine at this time getting worse.
Furthermore, now we have the threat of a solar geomagnetic storm that may cause disruptions on earth.
All communications and equipment powered by electricity and dependent on electrical power may be challenged and could be under threat for disrupting communications like cell phones and internet. This is something for which humans are not yet adequately prepared and ready.
Let's hope this will not have a too serious impact on our systems and disrupt our important and vital operations.
We shall see. It looks like a challenging times right ahead.
Wall St Week Ahead-Earnings bolster US stocks but crucial inflation report looms
06:00:00 AM ET, 05/10/2024 - Reuters
By Lewis Krauskopf
NEW YORK, May 10 (Reuters) - A strong earnings season and blockbuster reports from tech industry titans fueled a U.S. stock market rebound from the first real swoon of 2024. Next week’s inflation data could determine whether the good vibes continue.
The benchmark S&P 500 index is up over 9% for the year, up near its late-March record high, following a 5% pullback that occurred last month.
The bounce has overlapped with a stronger-than-expected first-quarter reporting season for U.S. companies. With well over 80% of the S&P 500 having reported results, companies are on track to have increased earnings by 7.8%, well ahead of the April expectation of 5.1% growth, according to LSEG IBES.
Still, some investors worry the rally could stall without evidence that inflation is cooling again. While Fed Chairman Jerome Powell has reassured markets the central bank is unlikely to raise rates anytime soon, months of strong inflation have led to concerns that policymakers will not cut them this year.
Strong earnings have “got investors feeling more comfortable about being in this market," said Art Hogan, chief market strategist at B Riley Wealth. However, “the trajectory of inflation is always going to be important to us while we're in a cycle where we expect the next thing for the Fed to do is to cut rates."
Inflation reports have preceded market pivots in recent years, as the Fed has ramped up interest rates to cool consumer inflation from four-decade highs hit in 2022. Most recently, an April 10 release showing a third-straight month of stronger-than-expected inflation was followed by a roughly two-week decline in stocks as it spurred fears the Fed could raise rates this year.
Economists polled by Reuters expect the May 15 consumer price index report will show an increase of 0.3% in April from the previous month. Investors are also awaiting data on retail sales next week, as well as earnings from Walmart, Home Depot and Cisco.
“If the CPI report comes in hotter, it's going to likely price out any rate cuts for 2024,” said Matthew Miskin, co-chief investment strategist with John Hancock Investment Management. “You may actually have to start talking about policy that's more restrictive if (inflation) is too hot relative to expectations."
BOOST FROM EARNINGS
For now, bullish investors have gained confidence from a solid earnings season. Standouts included generally strong reports from most of the so-called Magnificent Seven tech and growth giants whose shares helped propel the market higher last year and continue to have a huge weighting in the S&P 500.
Among these, Alphabet announced its first dividend as the Google parent topped estimates for sales and profit, while Apple's revenue fell less than feared as the iPhone maker unveiled a $110 billion stock buyback plan, the largest ever such authorization from a U.S. company.
"There's been enough in terms of upside surprise that's helped to support the markets," said Yung-Yu Ma, chief investment officer at BMO Wealth Management. "There was concern that it could even be somewhere between a modest and weak earnings season, which didn't happen."
With Nvidia the last of the group to report, on May 22, Magnificent Seven quarterly earnings are on track to jump 49.4%, according to Tajinder Dhillon, senior research analyst at LSEG.
Analysts are also becoming more upbeat about megacap financial prospects. Estimates for 2024 earnings for the six megacap companies that have reported have risen by 2.1% on average over the past 30 days, versus only a 0.1% rise in 2024 earnings estimates for the S&P 500 overall, according to Jessica Rabe, co-founder of DataTrek Research.
Still, investors have punished companies whose results missed expectations. These shares have underperformed the market by 3.2% this quarter, compared to 1.2% the previous quarter, according to a report from Manish Kabra, chief U.S. equity strategist at Societe Generale.
That reaction is “not a major surprise, as this season overlapped with bond market volatility and a strong performance in the run up to reporting,” Kabra said.
(Reporting by Lewis Krauskopf; Editing by Ira Iosebashvili and David Gregorio)
Nvidia share price looks like in process of consolidation around the $900 level before a price move.
The Dailies have been in uptrend for the last 11 sessions.
The Weeklies have been in downtrend for the last 5 weeks.
Looking for a better week to follow, unless geopolitical events interfere.
Cheers & GLTA
PC: I agree with you.
Taking advantage for timely accumulation over time of promising stocks to by discerning long term investors. The challenge is that it requires patience and purpose. That's why Warren Buffet said the stock market is a mechanism/process where money is transferred from the impatient to the patient investor.
Cheers & GLTY
Intel share price still in mode of Triple Bottom Breakdown since 8-May-2024.
Likely it is searching for a bottom at this time.
Looking for signal to begin to add. Not in a hurry. Open and welcome to any early surprises should it happen..
GLTA
The technical picture looks great as well. I think share price may reach $200 level in few months.
Hopefully they'll plan for a share split not less than 5 to 1. I am late buyer of a smaller number of shares.
My profits are a slim 24% of my investment at this time.
After the split I could add more shares to my portfolio.
My son-in-law works for Google. GLTA
That sounds a bit like day trading to me. Whatever works for bottom line profits for anyone in the stock market.
A smart day trader looks and finds opportunities to profit from short-term asset price swings.
In the morning one might predict that a stock may increase in value by the afternoon, so, buy early in the day and hoping to sell in the afternoon at a higher price one could hope to make profits. Alternatively, if one thinks an asset’s price will fall in value, one could short sell early in the trading session before buying later at a lower price to close one's position.
Since these price changes and potential profits can be fairly small, day traders may make many trades.
May be this is why he called "Flip, flip, flip" in an earlier post a bit boasting and as if his special way in response to market "manipulations".
I agree that Money can be made from various ways in the market. He comes across as he is doing well, but at times it makes me feel he comes across a bit angry or disappointed may be at the inequities..
As a day trader he might also use leverage, like borrowing money with margin loans to make larger investments than they could by using only the cash they have on hand. Leverage involves significant risk and can expose one to extreme losses, as well.
Today's volume was lighter than usual, trading 36,126,249 shares, versus an average of 48,923,368 shares per day during the last twelve months.
The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers.
The chart showing Pltr share price still in the mode of BULLISH SIGNAL REVERSAL signal given on 7-May-2024.
Although, it is possible for the stock price to REVERSE the REVERSAL, anytime!
I sold 40% of my shares at $25.00 weeks ago. Remaining share average cost is at $14.80 per chare.
Looking forward until share price reversal and resumption of the uptrend. GLTA
DOUBLE BOTTOM BREAKDOWN
Tesla Chair Robyn Denholm sees the picture from inside. Timely move.
Long Term shareholders are already in deep-water.
Nvidia share price still within the parameters of the BREAKOUT pattern mode as of this time.
I will try to post should chart pattern changes to anything different, if time permits. GLTA
Nvidia share price ASCENDING TRIPLE TOP BREAKOUT today on 6-May 2024. GLTA
CORRECTED-UPDATE 3-Palantir raises 2024 forecast on robust AI demand, but falls short of lofty expectations
7:32 PM ET, 05/06/2024 - Reuters
(Corrects the number of analysts polled in paragraph 3 to 17, not four)
By Arsheeya Bajwa
May 6 (Reuters) - Data analytics firm Palantir Technologies raised its annual revenue forecast on Monday, riding on strong demand for its services that help businesses deploy artificial intelligence applications.
However, its shares fell more than 7% in after-hours trading as the raised revenue forecast was below analysts' expectations.
The company, co-founded by billionaire Peter Thiel, raised the mid-point of its expectations for annual revenue to $2.68 billion, which fell short of an average estimate of 17 analysts of $2.71 billion, according to LSEG data.
"(The share reaction was) probably a result of investors expecting a far greater beat and raise versus what Palantir delivered," said Morningstar analyst Malik Ahmed Khan.
Palantir has benefited from the generative AI boom thanks to its artificial intelligence platform (AIP), which, among other uses, tests and debugs code and helps evaluate AI-related scenarios.
"AIP is driving a huge part of both our new customers and growth within existing customers, and it's having a huge impact on our business," chief revenue officer Ryan Taylor told Reuters.
Taylor said businesses were signing "seven-figure deals shortly" after completing its AI boot camps, which give potential clients access to its platform for up to five days and have been credited with driving rapid customer additions.
Palantir reported first-quarter revenue of $634.3 million which beat analyst expectations and its largest quarterly profit, according to a CEO letter.
Much of the focus has been on the company's attempts to diversify its revenue to reduce its reliance on government spending. Palantir works closely with governments, providing software for visualizing army positions, among other things.
Revenue growth in the U.S. commercial business, which accounts for sales to businesses in the country, slowed to 40% year-over-year in the first quarter, compared to 70% in the prior quarter.
This deceleration was never going to be received well, said RBC Capital Markets analyst Rishi Jaluria.
The Denver, Colarado-based company, however, raised its 2024 U.S. commercial revenue forecast to above $661 million from its earlier expectations of about $640 million.
(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Tasim Zahid)
Thanks for your contributions to this board.
I'm not immune to inflation as well. It hit my Port by 2.31% just today!
CM: Good to see you here.
I agree with you that momentum appears to be positive.
Barring any negative news of geopolitical/domestic aggravation affecting the stock markets.
The Dailies have been in Uptrend for the last 6 sessions. Though, the Weeklies have been in Downtrend for the last 4 weeks.
Last week's trading result stands now with share price at 887.89 level with a positive balance of +10..54 (+1.20%).
Hopefully, the coming sessions ahead continue the Uptrend for the confirmation by the Weekly. That would signal the overall share price rise trend period for me.
You seem to be sure. I usually wait until I see a confirmation.
Cheers & GLTY
Unfortunately, the chart still remains in the mode of the HIGH POLE WARNING given on 5-April-2024 mode.
It's high time for a positive change but probably the naysayers have been successful for several weeks. Being optimistic I am expecting for positive news even though the chart is not yet reflecting it.
I hope DIS options traders betting bullishly on post-earnings reporting ahead of the event.
We shall see. GLTA
Pltr share price had an ASCENDING TRIPLE TOP BREAKOUT on Friday 3-May-2024.
We had share price signal of a DOUBLE TOP BREAKOUT on 26-April-2024.
No idea if Cathie Wood follows T/A... Probably she feels the good vibs? GLTA
PS: The Dailies have been in UPTREND for the past 10 sessions. However, the Weeklies have not confirmed the Dailies yet. Hopefully this week it may happen. We shall see.
If I were you, I would never let any entity to cause me in haste to make big changes in my lifestyle that I enjoy. Though I respect your freedom of choice anything that makes you feel comfortable and happy in a life to enjoy God given gift of life, in the company of your family and folks that you trust and respect. Life is too short to let it become bothered by negativity of any kind coming to you with what others are may be causing. There is so much to enjoy in the beauty of Nature and Creators miracles surrounding us near and far.
Though I should tell that I have changed even Countries/Continents.... to settle in the place for continuing a new life, raising a family and also another generation as well. Take care and keep connected to your Source! God bless you.
rolvram: the AI could be impacting the stock market, trading, possibly its system and functional operation probably.
The ability of the Fed and Gov to use AI, besides business, in reading (economic) data and integrate info to improve timeliness in meeting future challenges to help for better planning and management. The information age brought an overload of information good and bad. The AI could be used to help. Just look at the social dialogue how it has been contaminated the fake, the false and the facts. Any thoughts and views?
Apple share price SPREAD TRIPLE TOP BREAKOUT today on 3-May-2024. GLTA
PS: This is the first week the Weeklies confirmed the Uptrend in the Dailies seen for the last 5 trading sessions. I only have a small bite in it, unfortunately. C'est La Vie!
What do you expect to pop out of it?
I think that's more a question of the power and influence of money. Yes, that surely influences the stock market.
One could compare that power with the law of gravity in nature. Almost.
The larger the planet the larger the force of gravity. That is kind of like money. The reality is that Small money can do almost little other than finding ways to watch it in a timely manner to take advantage. Huge pension funds like Calpers of California employ many trained traders to manage that power. Pension funds and those who make decisions in that process are not there for any individual per se when they lack the education and expertise. Society builds its own ways to delegate as best it can to manage the common wealth. Critics abound in this matter one way or another as we can see claiming things can be improved fortunately at times. Change is part of life and AI may help in this area as well.
Power=MONEY and it's just as like Superpowers rule the world with that power when they also lead in high technology and their knowledge and expertise in superior war weapons and how to deliver them when needed anywhere on the Planet. Sadly it's a tough world but it's the only one we have..
It is understandable that may look unfair other smaller nations same as to retail money in the stock market. Is that fraud and manipulation?
Larger funds always dominate as they move money in many ways in the stock market.
Any wonder successful retail money try to watch how the money is moving? They try watch that money movement to benefit from when prices go up, or short when they sense the prices are heading down.
There isn't much new in that fact in the financial market in that respect. Of course one would like to have that power, and small retail money see manipulation anywhere they can. But reality of life has shown that in all nations and empires and dynasties money=power is the reality in our material life.
Market manipulation and fraud is when laws are broken in the regulated and supervised markets.
Also when abusing the power of money for corruption and for self further enrichment.
Generalities you state do not lend themselves to scrutiny of any kind. We don't have anything specific in them but sweeping statements. Cheers.
Good daily session recovering the losses today.
Though, the chart shows Nvda share price in HIGH POLE WARNING on 1-May-2024
Cheers & GLTA
PS: Though the Dailies are so so, the Weekly remains in need of an Uptrend.
This is my second round with Snap shares.
Snap share price had a powerful DOUBLE TOP BREAKOUT yesterday on 30-April-2024.
The chart is looking great. This time my entry share price was $11.26 and profits stand now about 43% as of now.
Hopefully, as the pattern suggests, it could rise above the $17 level this time around. I'll take the risk. GLTA
PS: The Weekly just confirmed the Uptrend in the Dailies after nine sessions. It suggests a strong pulse upward at this time.
You come across as one happy with your own investing prowess while almost all others in the investing public, in your view happen to be victims of their own lack of knowledge manipulated by whoever somehow or their incompetence.
There is truth in the observation that people all live in their own beliefs and fantasies.
However you seem to feel and believe that you are outside of all those life challenges. Indeed savvy and above all knowing what's the right way.
One happy and aware investor, blessed by the Lord?
Sounds like an enviable condition. Could the "Flip, flip, flip" happen to be among the secret?
It's ok. Tesla share price appears today trying to mimic NVIDIA share habit, hopefully!
Regardless of the chart, it's not one way game but a give and take once one has a clue of the trend most of the time.
Reality rules in this game no matter how close one may follow it. GLTA
PS: You may have what you want but you can't have all you want! C'est La Vie!
If that's true, indeed NVIDIA Corp must be a unique company in more than one way! Thanks for the info.
Are you saying Q1 includes Jan, Feb, March... plus April, as well?
Tesla executing sharp U-turn as growth prospects suddenly brighten
Briefing.com - 11:09 AM ET
Tesla (TSLA) is executing a sharp U-turn after shares sank to their lowest levels since January 2023 early last week, rallying by about 30% following the EV maker's Q1 earnings report on April 23. The initial spark was disclosed in that earnings release -- namely, the acceleration of production for new vehicle models, including the launch of a lower-cost model -- but a significant development regarding TSLA's full self-driving (FSD) system is fanning the flames today. Specifically, the Wall Street Journal reported that China's government offered tentative approval for TSLA's FSD technology, potentially opening the door to another new growth catalyst, further easing fears that TSLA's growth would remain in neutral or reverse in the coming years.
Not only would receiving approval in China create a new substantial subscription revenue stream, but it would also help to stop the bleeding in terms of market share losses. TSLA's recent struggles in China are well known with sales in its second largest market slipping by about 4% in Q1 as EV makers like BYD Company (BYDDY), Xpeng (XPEV), and NIO (NIO) take share. Given that some of these Chinese EV companies, including XPEV, already offer advanced driver assistance systems, TSLA could close that competitive gap by including FSD technology.In the face of declining deliveries (-9% in Q1) and eroding ASPs due to price cuts, Elon Musk has tried to steer investors' attention towards TSLA's AI and FSD progress as he attempts to rebrand the company as an AI/software company. In particular, he has touted TSLA's robotaxi as a centerpiece of the company's future, announcing that robotaxi will be unveiled on August 8.Until this past week, Musk's messaging wasn't sitting well at all since it appeared as if he threw in the towel for near-term growth, while waiting for TSLA's massive investments to hopefully pay off a few years down the road. For some context, capital expenditures jumped by 24% in FY23 to nearly $9.0 bln.Now, however, the tables have turned because the emergence of two potentially substantial growth catalysts (Model 2, FSD in China) have materialized, helping TSLA to bridge the gap between this recent slowdown and the launch of robotaxi and more software-based revenue. Assuming TSLA is granted full approval in China, it should hit the ground running given its partnership with Chinese tech giant Baidu (BIDU). According the Wall Street Journal, TSLA secured a mapping and navigation agreement with BIDU, which also eases Chinese regulators' concerns about data security risks.
Just one week ago, it was all doom and gloom for TSLA as investors stared down a bleak growth outlook for the next couple of years. Although plenty of uncertainty remains, including around TSLA's ability to meet Musk's accelerated timeline for new vehicle production, hope is being restored as TSLA reprioritizes its closer-in growth drivers.
I agree, though it's understandable the challenge to some, given such a sudden powerful reversal of the long lasting Tesla share price downtrend.
They got accustomed to the downtrend, and still unimpressed by the change being real.
Looks like today it will close above $200 by market closing time. GLTA