$ZEC is up 18.50% today, outpacing the broader crypto rally, on news Grayscale filed an SEC amendment to launch a Zcash ETF on NYSE Arca under ticker ZCSH. Price is now testing pivot top resistance at $688.68
Verified Pro Trader @GarethSoloway: There is no better scenario for Bitcoin and gold than yields going higher due to buyers of US debt demanding higher interest rates for the risk of insolvency and the dropping Dollar showing a loss of confidence in the fiat. Bitcoin bull breakou
Verified Pro Trader LawtonInvesting: $JD is down in premarket trading after earnings. The stock beat both revenue and earnings estimates but investors seem to be focused on the revenue decline YOY. I am targeting the gap fill at $29.62 for a bounce. EPS: $0.93 vs. $0.83 est Reve
Verified Pro Trader @GarethSoloway: PPI (MoM) 0.00% vs. 0.2% forecast. PPI (YoY) +4.7% vs. +4.9% forecast. Core PPI (MoM) +0.2% vs. +0.3% forecast. Core PPI (YoY) +4.2% vs. +4.2% forecast. Overall, slightly better-than-expected data on the producer side for inflation. Futures min
Verified Pro Trader LawtonInvesting: $ONON is falling sharply, down over 17% premarket off of earnings., missing revenue estimates but beating EPS estimates. For support, I'm targeting the $31.42 pivot low, the lowest price the stock got to this year.
Verified Pro Trader @GarethSoloway: The $500B deal Nvidia inked with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR sounds great, the turning chips into collateral is basically making a trading derivative off AI chips. It likely doesn't end well.
Verified Trader Jake Sweeney: $CRWV reports after the bell. Watching $99.54 as a fade zone, gapfill, downsloping trendline and .50 fib all in confluence. I could see sellers lean in here. I'm keeping the first entry light into earnings volatility. ๐
Verified Pro Trader @DrewDosek: $SE reports tomorrow, up 30%+ since May earnings. A pop runs into the Jan 28 pivot at $130 and long-term trendline resistance near $131. Rejection at that zone favors a pullback to $113 support.
Verified Trader Jake Sweeney: $MSFT still a playable short at the $507.49 gapfill, struggling to hold above the $500.00 handle. I am dollar-cost averaging into the short at the .786 fib retrace at $511.31 if it runs there. ๐
Verified Trader Jake Sweeney: $SPCX up 13% today as ~911M shares unlock to trade. Watching pivot low resistance at $145.20 and gap fill at $145.30 to slow this move. I could see a fade from this zone.
$XRP is successfully defending a massive double-confluence level at $1.01. Price is retesting the macro trendline off the Feb pivot low while flipping former resistance into key support. Bulls are looking for a firm bounce off this floor.
Verified Pro Trader LawtonInvesting: $CELH missed on earnings with an EPS of $0.36 vs. $0.42 est. and Revenue of $0.82B vs. $0.87B est. dropping toward pivot low support at $21.10. As the exact base of last year's rally to $67, that level favors stabilization on this first retes
Verified Pro Trader @GarethSoloway: Jobless Claims (unemployment filings) continue to be low, coming in at 199K for the latest week. The labor market remains solid, though specific to sectors.
Verified Pro Trader @GarethSoloway: Cathie Wood's Ark Invest has increased its stake in SpaceX (SPCX) following its recent decline. However, based on the measured move calculation, there is still downside to $97-$95. Lockup expiration allows 911.5 million shares to be sold.
Verified Pro Trader LawtonInvesting: $WDC is falling down over 10% on earnings despite beating both earnings and sales estimates. Look for support at the $422 pivot low level tomorrow. Adj. EPS: $3.56 vs $3.29 est and Sales: $3.747B vs $3.692B est
Verified Pro Trader LawtonInvesting: $INTC grinding higher off the July low near $83.44, last near $101.06 and approaching resistance at $110. With the gap fill and psychological level stacked at the same price, that well-defended zone favors an initial pullback if the stock get