Hi YXI friends,
Please review today’s chart analysis of NVDA, SOL, CRWV, MRVL, and ORCL, as well as TSLA’s ML model signal.
You can unlock our ML model signals, quantitative, macro, technical, and fundamentals analysis across SPY, QQQ, TLT, Crypto, Gold, Mag-7 stocks, and PLTR in YXI Premium.
DISCLAIMER: This newsletter is intended for educational purposes only. Any information or analysis in this note does not constitute an offer to sell or a solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice, nor should it be relied upon to make investment decisions. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice.
Table of Contents
1) S&P 500 (SPY ETF)
While the market appears bearish in recent days, S&P 500’s volatility is fairly benign, trading below its 1-year average. Low volatility supports a continued bull market.
(You can get the Volatility Z-score indicator for FREE on TrendSpider here)
2) NVDA
I am cautiously neutral on NVDA.
My concern is we are in a corrective wave (b) phase of a larger decline. Wave (b) consists of a further 3 sub-waves that can test $204+. Trading wave Bs is usually challenging, and wave (c) can unfold suddenly.
3) SOL
SOL has turned down before touching the 200-day MA. My primary expectation is for one more low towards the $130-140 region to complete wave v of C.
The bulls have a lot to overcome to prove my bearish thesis wrong, namely the 200-day MA plus a tonne of volume as resistance in the $180-210 region.
4) Crypto ML Signals, Advanced Analytics (Promoted)
🤖 Crypto Machine Learning
I run a daily machine-learning model service on Slack for Bitcoin (BTC), Ether (ETH), Solana (SOL), Coinbase (COIN), and Robinhood (HOOD), hosted by Cestrian Capital Research.
💧 Liquidity and Market Analytics
I have also been using advanced crypto analytics for crypto (including alts) on RJ Alpha Dashboard. I am their first official business partner.
5) CRWV
My previous bullish thesis on CRWV now looks very shaky, as the stock sells off 15% post-earnings. The fundamental argument is that CoreWeave has grown rapidly, benefiting from powerful industry tailwinds as companies increasingly outsource their high-performance computing (HPC) needs.
The selloff today appears more in line with a wave iii down, suggesting a lower low in wave C. For those looking to exit, there could be a potential wave iv bounce towards $100 first.
6) MRVL
MRVL appears on track in its wave circle-iii move towards $140+.
Marvell Technology is a fabless semiconductor company that designs and develops chips for data infrastructure.
7) ORCL
After a parabolic run, ORCL has now filled the gap to the downside. The move since October appears to be wave 3 of a larger-degree wave A (not labelled). Wave 3 could target the $202-$224 (not too far away), before finding a bounce towards $250.
8) TSLA Machine Learning Signal
TSLA remains Risk On today, with a perfect 10-day Moving Avearge score of 1.
Help Us Spread The Word
Unlock Priority Chart Requests and YX Insights Premium Access by spreading the word!
