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    Stock Market - It be like that sometimes

    February 07, 2022

    Stock Market - It be like that sometimes

    It be like that sometimes

    Posted: 07 Feb 2022 05:09 PM PST

    Nvidia calls off $40 billion acquisition of Arm: report

    Posted: 07 Feb 2022 05:53 PM PST

    Here is a Market Recap for today Monday, Feb 7, 2022

    Posted: 07 Feb 2022 02:06 PM PST

    PsychoMarket Recap - Monday, February 7, 2022

    Stocks erased earlier gains to close in the red in yet another highly volatility session, as market participants look ahead to more corporate earnings and highly anticipated consumer price index due Thursday.

    Markets Today

    • S&P 500 (SPY): -0.32%
    • Nasdaq (QQQ): -0.80%
    • Dow Jones (DIA): +0.01%
    • Russell 2000 (IWM): +0.49%
    • Volatility Index (VIX): -1.55%
    • Meta Platforms (FB): -5.14%
    • Peloton (PTON): +19.15%
    • Spirit Airlines (SAVE): +16.89%
    • Zimmer Biomet (ZBH): -9.09%
    • Chegg (CHGG): +10% after hours at time of writing
    • Alibaba (BABA): -6.05%

    After last week's rollercoaster with Meta (FB) and Amazon (AMZN), market participants are set to receive another heft batch of earnings this week, with notable companies like Disney (DIS), Pfizer (PFE), Chipotle (CMG), Cloudflare (NET), and Uber reporting. Peloton (PTON) is also set to post earnings amid reports that companies including Amazon (AMZN) and Nike (NKE) are considering acquiring Peloton.

    Heading into this week, just over half of S&P 500 companies had reported actual quarterly earnings results. The expected growth rate for aggregate S&P 500 earnings stood at 29.2%, according to data from FactSet on Friday. If maintained for the next several weeks of the earnings season, this would mark the fourth straight quarter that earnings grow by more than 25%.

    Looking ahead, the Bureau of Labor Statistics is due to release January's consumer price index (CPI), a key metric to determine the next moves by the Fed to fight inflation. Consensus economists are expecting a rise of 7.2% year-over-year for January, the fastest rise since 1982.

    Such a result proves the US economy has recovered enough from the pandemic-induced recession and is now running too hot. This would warrant an aggressive pivot by the Fed, which has already indicated it expects to raise interest rates in March.

    Last week's much better-than-expected jump in payrolls in the Labor Department's January jobs report also underscored the extent of the recovery. The U.S. economy created far more jobs than expected in January despite the disruption from a surge in Omicron cases, pointing to underlying strength that should sustain the expansion as the Federal Reserve starts to raise interest rates. The labor force participation rate also improved markedly, and average hourly earnings jumped by a greater-than-expected 5.7% or the most since May 2020.

    Here are the numbers compared to consensus estimates by economists compiled by Bloomberg:

    • Non-farm payrolls: +467,000 vs. +125,000 expected and a revised +510,000 in December
    • Unemployment rate: 4.0% vs. 3.9% expected, 3.9% in December
    • Average hourly earnings, month-over-month: 0.7% vs. 0.5% expected and a revised 0.5% in December
    • Average hourly earnings, year-over-year: 5.7% vs. 5.2% expected, 4.7% in December

    Sam Bullard, Senior Economist at Wells Fargo, said "Following the stunning performance of the January employment report, the coming week's key release is likely to be Thursday's January CPI report as it will provide policymakers and market participants insight about inflation amid furthering signs of persistent, elevated price pressures that, in turn, support expectations for hawkish monetary policy actions initiating in March. Further increases in inflation expectations, particularly longer-term expectations, would only add more pressure on the Fed to act in March and uncertainty over the path of rate hikes."

    And indeed, market participants have increasingly priced in the likelihood that the Federal Reserve will ultimately raise interest rates five times in 2022, marking an increase from the just three interest rate hikes the central bank itself had telegraphed in December.

    submitted by /u/psychotrader00
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    The S&P 500 Energy Sector having one of its strongest periods of outperformance in history!

    Posted: 07 Feb 2022 06:47 AM PST

    Chegg reports all-time high retention rates, 7.8 million subscribers

    Posted: 07 Feb 2022 03:51 PM PST

    Chegg Q4 earnings report announced this afternoon and the education tech company saw 18% increase in subscribers YOY. Shares jumped 8% in AH trading on the earnings beat.

    For the full year 2021, Chegg brought in total net revenues of $776.3 million, an increase of 20% year-over-year. Chegg Services Revenues grew 29% year-over-year to $669.9 million, or 86% of total net revenues, compared to 81% in 2020.

    Strong outlook for 2022

    Q1 2022, Chegg is forecasting total net revenues in the range of $200 million to $205 million.
    For the full year, it expects total net revenues in the range of $830 million to $850 million.

    Full report on Yahoo Finance

    submitted by /u/OliveInvestor
    [link] [comments]

    Join the The Earlies Society (TES) Discord Server!

    Posted: 07 Feb 2022 10:51 PM PST

    US Stock Market Map Feb 7, 2022 Gainers 3100 (61.9%) Losers 1759 (35.1%) Total 5012 Looking promising......Much more Gainers then Loosers...GLTA

    Posted: 07 Feb 2022 08:26 AM PST

    (2/7) Monday's Pre-Market Stock Movers & News

    Posted: 07 Feb 2022 06:08 AM PST

    Good Monday morning traders and investors of the r/StockMarket sub! Welcome to the first trading day of this week and a frrrrrrrrrrresh start! Here are your pre-market stock movers & news on this Monday, February 7th, 2022-

    Stock futures rise slightly after S&P 500 posts best week of the year

    U.S. stock index futures turned slightly positive in early morning trading on Monday after the S&P posted its best week of 2022, boosted by quarterly earnings reports and a better-than-expected January employment report.

    Futures contracts tied to the Dow Jones Industrial Average rose 57 points, or about 0.2%. S&P 500 and Nasdaq 100 futures ticked up roughly 0.3% and 0.4%, respectively.

    Investors will be watching more earnings reports this week, though the blistering pace of the past few weeks will slow.

    Big inflation news also is on the horizon, with the Labor Department on Thursday set to release consumer price index data for January. The report is expected to show that inflation rose at a 7.2% pace from a year ago, which if accurate would be the fastest gain since February 1982.

    Markets have been bracing against the fallout from inflation and are now pricing in about a 35% chance that the Federal Reserve will hike its benchmark short-term borrowing rate by half a percentage point, or 50 basis points, in March.

    Government bond yields were little changed Monday after racing higher following Friday's unexpectedly strong nonfarm payrolls report for January. The benchmark 10-year note most recently yielded 1.92%.

    Peloton shares surged in premarket trading Monday on reports that Amazon and Nike are lining up as possible suitors for the interactive fitness equipment maker. The stock surged 25% on the news, which comes just a few days after activist investor Blackwells Capital urged the company to consider a sale and to fire its CEO.

    Spotify saw its shares decline 1.3% after the company said it condemns past use of racial slurs by controversial podcast host Joe Rogan but would not remove him from the streaming site. Artists including Neil Young, Joni Mitchell and India.Arie have asked Spotify to remove their music in protest over Rogan.

    Elsewhere, shares of Spirit Airlines jumped 11% after Frontier Airlines announced a deal to merge with its low-cost competitor. The news appeared to boost sentiment among airlines generally, with shares of United and Delta Air Lines rising nearly 2% premarket.

    The S&P and Nasdaq Composite advanced on Friday for their fifth positive session in the last six, and the indices also posted their best week since December. The Dow slid 0.06% on Friday, but still managed to post a 1.05% gain for the week. The Russell 2,000 meantime posted its first positive week in five and best week of 2022.

    "Investor psychology is shifting almost week-to-week, meaning sticking to one's investment convictions is about as hard (or painful) as ever, but also never more important in driving outperformance," Raymond James strategist Tavis McCourt said in a note to clients. "Our conviction remains that economic strength will keep EPS keeps going higher along with interest rates, as we suspect we remain a long way from higher rates materially slowing demand in the economy."

    Earnings reports and the jobs report pushed the major averages higher. The Labor Department said Friday that 467,000 jobs were added in January, well ahead of the 150,000 economists polled by Dow Jones were expecting.

    Last week's gains follow a rocky start to the year for the major averages as rising rates prompted investors to shed growth names in favor of value-oriented areas of the market.

    "It has been a raging bear market for high multiple stocks and for anything speculative in nature. It's just been taken out to the woodshed. So there's probably some value being created there now," Morgan Stanley's Mike Wilson said on "Squawk Box." The strategist said he still recommends a tilt toward more defensive areas of the market and thinks the indexes may not have hit a bottom yet.

    So far 56% of S&P 500 companies have posted quarterly earnings, with 79% beating earnings estimates and 77% topping revenue expectations.

    Individual performance has been different, however. Amazon shares added 13.5% on Friday, while Snap surged 58.8%. Facebook-parent Meta dropped 26% on Thursday after its quarterly update. The social media company is coming off its worst week on record.

    Another busy week of earnings is on deck with 76 S&P 500 companies set to post results. Three Dow components will provide quarterly updates, including Disney and Coca-Cola. Amgen, Take-Two Interact

    STOCK FUTURES CURRENTLY:

    (CLICK HERE FOR STOCK FUTURES CHARTS!)

    LAST WEEK'S MARKET MAP:

    (CLICK HERE FOR LAST WEEK'S MARKET MAP!)

    TODAY'S MARKET MAP:

    (CLICK HERE FOR TODAY'S MARKET MAP!)

    LAST WEEK'S S&P SECTORS:

    (CLICK HERE FOR LAST WEEK'S S&P SECTORS CHART!)

    TODAY'S S&P SECTORS:

    (CLICK HERE FOR TODAY'S S&P SECTORS CHART!)

    TODAY'S ECONOMIC CALENDAR:

    (CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)

    THIS WEEK'S ECONOMIC CALENDAR:

    (CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)

    THIS WEEK'S UPCOMING IPO'S:

    (CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)

    THIS WEEK'S EARNINGS CALENDAR:

    (CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)

    THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

    (CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)

    EARNINGS RELEASES BEFORE THE OPEN TODAY:

    (CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)

    EARNINGS RELEASES AFTER THE CLOSE TODAY:

    (CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)

    FRIDAY'S ANALYST UPGRADES/DOWNGRADES:

    (CLICK HERE FOR FRIDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!)
    (CLICK HERE FOR FRIDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!)
    (CLICK HERE FOR FRIDAY'S ANALYST UPGRADES/DOWNGRADES LINK #3!)
    (CLICK HERE FOR FRIDAY'S ANALYST UPGRADES/DOWNGRADES LINK #4!)
    (CLICK HERE FOR FRIDAY'S ANALYST UPGRADES/DOWNGRADES LINK #5!)

    FRIDAY'S INSIDER TRADING FILINGS:

    (CLICK HERE FOR FRIDAY'S INSIDER TRADING FILINGS!)

    TODAY'S DIVIDEND CALENDAR:

    (CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!)
    (CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)

    THIS MORNING'S MOST ACTIVE TRENDING TICKERS ON STOCKTWITS:

    • PTON
    • XRP.X
    • SAVE
    • ASTR
    • CFVI
    • ON
    • ANGH
    • CRNC
    • MARA

    THIS MORNING'S STOCK NEWS MOVERS:

    (source: cnbc.com)

    Spirit Airlines (SAVE) – Spirit surged 11.4% in the premarket after announcing it would buy competitor Frontier Airlines in a stock swap deal valued at $6.6 billion including assumed debt. Shares of Frontier's parent company Frontier Group (ULCC) fell 2.4%.

    STOCK SYMBOLS: SAVE

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Peloton (PTON) – Peloton rocketed 28.5% higher in premarket trading, following reports that both Amazon.com (AMZN) and Nike (NKE) are mulling possible bids for the fitness equipment maker. The reports come a few days after activist investor Blackwells Capital urged Peloton's board to consider a sale of the company.

    STOCK SYMBOLS: PTON

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Energizer (ENR) – The company best known for its batteries saw its stock surge 5.7% in premarket trading after reporting better-than-expected quarterly results. Energizer beat estimates by 8 cents share, with a profit of $1.03 per share. Revenue also topped Wall Street forecasts. Energizer warned the current operating environment remains "very volatile."

    STOCK SYMBOLS: ENR

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Zimmer Biomet (ZBH) – The maker of orthopedic and other medical products reported quarterly earnings of $1.95 per share, missing consensus estimates by 3 cents a share. Revenue came in short of analysts' forecasts. The company said the ongoing pandemic continued to pressure its business during the quarter, and the stock slid 5.4% in the premarket.

    STOCK SYMBOLS: ZBH

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Hasbro (HAS) – Hasbro added 2.2% in premarket trading after the toymaker beat top- and bottom-line estimates for its latest quarter. Hasbro earned $1.21 per share, well above the 88 cents a share consensus estimate. Revenue in its television, film and entertainment business jumped 61% from a year earlier. Hasbro also increased its quarterly dividend by 3% to 70 cents per share.

    STOCK SYMBOLS: HAS

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Tyson Foods (TSN) – Tyson rallied 4.2% in the premarket following its quarterly earnings report. The company beat estimates by 97 cents a share, with quarterly earnings of $2.87 per share. The beef and poultry producer's revenue also beat analysts' forecasts. Tyson said it was on track to achieve $1 billion in productivity savings by the end of fiscal 2024.

    STOCK SYMBOLS: TSN

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Bumble (BMBL) – The dating service operator announced the acquisition of European dating app company Fruitz for an undisclosed amount, Bumble's first-ever acquisition deal. Fruitz is especially popular among Gen Z consumers.

    STOCK SYMBOLS: BMBL

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Ford (F) – Ford fell 1.1% in premarket action after announcing it will suspend or cut production at eight of its North American factories due to the global semiconductor shortage. Those changes will be in effect throughout this week.

    STOCK SYMBOLS: F

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Spotify (SPOT) – Spotify CEO Daniel Ek said he strongly condemns racial slurs used by podcaster Joe Rogan, but said removing his podcast from the Spotify platform is not the answer. A number of popular music artists have had their music pulled from Spotify amid the controversy over Rogan's comments on Covid-19. Spotify shares fell 2% in the premarket.

    STOCK SYMBOLS: SPOT

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    Snowflake (SNOW) – The cloud data platform provider's stock rallied 4.8% in the premarket after Morgan Stanley upgraded it to "overweight" from "equal-weight," saying investors are undervaluing Snowflake's potential for durability and quality of growth.

    STOCK SYMBOLS: SNOW

    (CLICK HERE FOR LIVE STOCK QUOTE!)

    FULL DISCLOSURE:

    /u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.

    DISCUSS!

    What's on everyone's radar for today's trading day ahead here at r/StockMarket?

    I hope you all have an excellent trading day ahead today on this Monday, February 7th, 2022! :)

    submitted by /u/bigbear0083
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    Sector Overview - Bitcoin Mining

    Posted: 07 Feb 2022 07:07 PM PST

    For the full article check it out here.

    Sector Description: What is Bitcoin Mining?

    Bitcoin miners are responsible for verifying the legitimacy of new transactions on the network's blockchain (e.g., to ensure there is no double spending). In a nutshell, to verify and add new blocks of transactions to the blockchain, miners use specialized hardware to solve computationally intensive problems - this is known as "proof-of-work." Although many describe the miners as solving difficult math problems, this is not necessarily the case - they are essentially making millions of guesses - or "hashes" - to produce a hash that is lower than or equal to the numeric value of a 'target' hash. A hash is a fixed-length alphanumeric code that is used to represent words, messages and data of any length. New blocks are added to the blockchain at approximately 10 minute intervals. To incentivize miners to partake in this verification process, the first miner to successfully hash a block is rewarded with bitcoin - this is also how new bitcoin enters circulation. The amount of bitcoin rewarded for successfully verifying a block is halved every four years (approximately) - this, in combination with the network's hard cap of 21 million bitcoin protects the asset from inflation.

    Large Public Companies in the Sector

    Marathon Digital Holdings Inc. (Ticker: MARA) - Market Cap: $1.89B

    Hut 8 Mining Corp. (Ticker: HUT) - Market Cap: $1.16B

    Bitfarms Ltd. (Ticker: BITF) - Market Cap: $744.2M

    Opportunities for Broad Exposure

    At the time of this writing (2/6/2022), there are no bitcoin mining ETFs listed on the NYSE. However, Valkyrie recently applied for a listing (proposed ticker: WGMI; read about it here).

    Key Metrics and Considerations

    Hashrate: The average estimated number of hashes per second produced by a miner. For our purposes, we will generally use this as a measure of the combined hashrate of all miners belonging to a company. In general, if you can generate a higher hashrate relative to the rest of the miners on the network, you have a better chance of verifying new blocks.

    Geopolitical stability: Over the last several months, countries around the globe have taken different regulatory stances toward Bitcoin mining. Some countries, like China, have outright banned mining. Others, like El Salvador, have been much friendlier toward the industry - in fact, El Salvador made bitcoin legal tender last September and plans to create government-owned mining operations. Many countries remain somewhere between these two extremes. Mining companies with large operations in countries with friendlier stances toward the industry may fare better than those with operations in less friendly areas of the world.

    Bitcoin on balance sheet: Some bitcoin mining companies will keep a percentage of bitcoin mined on their own balance sheet. While long-term believers in Bitcoin might view this as a good thing, short- and medium-term investors might see this as a volatility risk, as the value of the company will fluctuate with the price of bitcoin.

    Innovation: Bitcoin mining companies are competing with one another to find the most cost-effective solutions to mining bitcoin. Here are a few areas where a company might gain a competitive advantage: finding and utilizing cheap and reliable sources of energy, creating more efficient mining rigs, lengthening the life cycle of mining rigs. Incredible advances have already been made in all three of these areas, but there is still plenty of room for improvement.

    Opinion 1

    I believe there are going to be winners and losers in the overall growing sector of bitcoin mining. The ones that will thrive will focus on bitcoin mining and not any other altcoins or anything related to the metaverse. These singularly focused mining companies will then find the best and most reliable sources of renewable energy and find a way to obtain that energy in an efficient and cheap manner. Once that energy is obtained and used for bitcoin mining successfully and reliably, that mining company would be one that I believe will be successful. Overall, I'm extremely bullish on the sector because I am bullish on bitcoin and the bitcoin network needs miners. I think the ETF would be great exposure to the overall sector and would consider investing in that when it gets put on the NYSE and I'd look into some individual mining companies.

    Opinion 2

    I am long-term bullish on the bitcoin mining industry as a whole. Not only do miners help protect the Bitcoin network, which I believe is here for the long haul, but they're heavily incentivized to develop the most cost-effective products and processes to mine bitcoin. In my opinion, incentive-driven product/process development has a high potential for "spin-off" technologies. For example, the Great American Mining Company has developed a process that captures and converts natural gas flare offs to energy that can be used to power bitcoin miners. This process reduces wasted energy, converting it instead into an asset that is empowering financial and economic freedom for individuals around the world. As another example, to reduce incidents of miners overheating (which can improve miner performance and lengthen its lifespan), immersion cooling technologies have been developed. Immersion cooling has broad implications for a number of non-bitcoin mining related industries. Bitcoin miners can also help stabilize power grids by offering an interruptible baseload to the grid, with the ability to increase or decrease mining power usage based on the power demands of the grid. This differs from most other technologies operating on power grids - for example, interrupting Amazon Web Services (AWS) could cost millions (if not far more) and limit the function of companies who rely on that service for operations. Another benefit of a base load is that it guarantees a baseline level of consumption to energy providers who would otherwise be unprofitable due to lack of power demands. Because of this, I believe bitcoin mining companies could form valuable partnerships with energy providers.

    For the full article check it out here.

    submitted by /u/Fit_Rooster2702
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    Warren Buffett: Never Trust These People In Business (MUST WATCH!)

    Posted: 07 Feb 2022 11:29 AM PST

    Stock Market Daily Analysis

    Posted: 07 Feb 2022 05:50 PM PST

    Morning Update for Monday, 2/7/22

    Posted: 07 Feb 2022 06:20 AM PST

    Good morning everyone. Having some computer issues this morning, so no analysis on the watchlists. Let me know if you have any questions.

    These posts are for informational purposes only. I am not a financial advisor.

    Main Watchlist:

    Gapping UP:

    • SNOW
    • PTON
    • COIN
    • MARA
    • TSN
    • ON
    • SAVE

    Gapping DOWN:

    • BABA
    • SPOT
    • SWK
    • CRNC
    • ZBH

    Momentum Watchlist:

    • SEED
    • PHUN
    • ELVT
    • ICCM

    Market Outlook:

    Stocks are looking to open higher to start the new week. We saw volatile, rollercoaster-type trading last week (FB and AMZN earnings really pulled the market around), and while there aren't any mega caps reporting earnings this week, things will likely remain pretty volatile. I'll be looking forward to the Consumer Price Index report, which we should be getting on Thursday. The consensus estimate is a rise to 7.3% year-over-year, which would mark the fastest rise in prices since 1982. While the Fed is expected to hike rates in March, we still don't know how much, or how often they'll raise rates. Several analysts are predicting as many as 7 rate hikes in 2022, which could cause some problems in the stock market. I'm still bearish in the mid-term, given all the influential factors. I believe valuations have been high for a long time, and they still have some room to come down.

    S&P Futures are up ~25 basis points, Dow Futures are up ~15 basis points, and Nasdaq Futures are up ~40 basis points. I think we could be in for some more choppiness to start the week. Gold and silver are edging higher, I'm still bullish here. Crude oil is pulling back a bit this morning, but still trading well over the $90 level. Energy stocks are also seeing a slight pullback in premarket trading as a result. Chinese stocks are mixed in premarket trading. Chinese tech and real estate are still under pressure, while oil and banks outperformed. Airlines and cruise stocks are looking to open higher.

    The crypto market saw some strength over the weekend. Bitcoin is currently trading around 42,800. After breaking through resistance last week, things are looking bullish in the short-term. Hopefully we can find support back up at this level. Ethereum is trading a bit under 3,100. Crypto-related stocks are seeing strength in premarket trading as a result.

    Remember to use proper risk management; size appropriately for your account and have a plan for every trade you enter. Happy trading everyone :)

    submitted by /u/vanturetrading
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    Golden Cross & Death Cross Explained

    Posted: 07 Feb 2022 03:16 AM PST

    Golden Cross & Death Cross Explained

    Golden Cross vs. Death Cross: An Overview

    The use of statistical analysis to make trading decisions is the core of technical analysis. Technical analysts use a ton of data, often in the form of charts, to analyze stocks and markets. At times, the trend lines on these charts curve and cross in ways that form shapes, often given funny names like "cup with handle," "head and shoulders," and "double top." Technical traders learn to recognize these common patterns and what they might portend for the future performance of a stock or market.

    A golden cross and a death cross are exact opposites. A golden cross indicates a long-term bull market going forward, while a death cross signals a long-term bear market. Both refer to the solid confirmation of a long-term trend by the occurrence of a short-term moving average crossing over a major long-term moving average.

    KEY TAKEAWAYS

    • A golden cross suggests a long-term bull market going forward, while a death cross suggests a long-term bear market.
    • Either crossover is considered more significant when accompanied by high trading volume.
    • Once the crossover occurs, the long-term moving average is considered a major support level (in the case of the golden cross) or resistance level (in the instance of the death cross) for the market from that point forward.
    • Either cross may occur as a signal of a trend change, but they more frequently occur as a strong confirmation of a change in trend that has already taken place.

    Golden Cross

    The golden cross occurs when a short-term moving average crosses over a major long-term moving average to the upside and is interpreted by analysts and traders as signaling a definitive upward turn in a market. Basically, the short-term average trends up faster than the long-term average, until they cross.

    There are three stages to a golden cross:

    • A downtrend that eventually ends as selling is depleted
    • A second stage where the shorter moving average crosses up through the longer moving average
    • Finally, the continuing uptrend, hopefully leading to higher prices

    https://preview.redd.it/2jx5e1fn9eg81.png?width=682&format=png&auto=webp&s=78387870cd64d870cccb1b5d21ea4e8759024d92

    Death Cross

    Conversely, a similar downside moving average crossover constitutes the death cross and is understood to signal a decisive downturn in a market. The death cross occurs when the short-term average trends down and crosses the long-term average, basically going in the opposite direction of the golden cross.

    https://preview.redd.it/418crxht9eg81.png?width=683&format=png&auto=webp&s=d212fbac258a030218115b6085614a245c42a5cd

    Special Considerations

    There is some variation of opinion as to precisely what constitutes this meaningful moving average crossover. Some analysts define it as a crossover of the 100-day moving average by the 50-day moving average; others define it as the crossover of the 200-day average by the 50-day average.

    Analysts also watch for the crossover occurring on lower time frame charts as confirmation of a strong, ongoing trend. Regardless of variations in the precise definition or the time frame applied, the term always refers to a short-term moving average crossing over a major long-term moving average.

    Source: Investopedia.com

    submitted by /u/GroundbreakingLynx14
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    TWLO- Down the River! ��

    Posted: 07 Feb 2022 09:00 AM PST

    Nickel is fueled by growth for EVs and the metal substantially lagged lithium last year. I like this jr mining co Tartisan Metals (TN: CSE / TTSRF: OTC)

    Posted: 07 Feb 2022 08:19 AM PST

    Cryptyde just updated its LinkedIn... This is gonna be a $BBIG week for Vinco Ventures ����

    Posted: 07 Feb 2022 08:19 AM PST

    Facebook/Meta Platforms' (FB) "Falling Knife"... Is JPMorgan (JPM) Next?

    Posted: 07 Feb 2022 01:12 PM PST

    Facebook/Meta Platforms' (FB) "Falling Knife"... Is JPMorgan (JPM) Next?

    Take a look at the charts for Facebook/Meta Platforms (FB) and JPMorgan (JPM) and you'll see the similarities between their stocks.

    On December 10, 2021, Facebook's chart revealed an ominous "Death Cross." Similarly, on January 27, 2022, JPMorgan's stock also slid into a "Death Cross."

    On Wednesday, after Facebook's earnings result was released, its stock crashed in aftermarket trading. Their profits in the quarter fell more than expected and it called for first-quarter revenue growth to be well below its usual pace. On Thursday morning, its stock went into a free-fall and may have yet to find a bottom. Some technicians may describe this sell-off as a "falling knife." Experts always warn about trying to catch a falling knife.

    Adding to Facebooks woes is their threat to pull the plug on Facebook and Instagram from European networks. This brinksmanship between Zuckerberg and the EU cannot be welcome news for a stock that is already heading south fast.

    Now let's take a look at JPMorgan's stock, it has created a similar pattern as Facebook/Meta Platforms. The only difference, it hasn't arrived at the "falling knife" stage. Will it? Who knows? Nevertheless, it remains firmly below its Death Cross - and it will take a whole lot of work to turn this stock around and produce a "Golden Cross" - that's when its 50-day moving average crosses above its 200-day moving average.

    $FB

    $JPM

    submitted by /u/GroundbreakingLynx14
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    Bachelor Studies Survey

    Posted: 07 Feb 2022 02:32 AM PST
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