Christopher Netelkos’ Post

#SPMNOTES Classic example for programed results. $SPX Yesterday's big run was merely a program trading illusion to trap sideline money on the belief that small-cap stocks and mega-cap stocks are in-play going forward. Meanwhile, our Primary Volume Locator (PVL), which continuously tracks cash flows of the S&P 500 Index components showed no group driven participation and a signal that all was not well in Stockville. At the moment, the S&P 500 futures are down 27 points and are trading 0.6% below fair value, the Nasdaq 100 futures are down 140 points and are trading 0.8% below fair value, and the Dow Jones Industrial Average futures are down 198 points and are trading 0.5% below fair value. To safeguard our collective interests and that of our followers we signaled a 50% cash reserve and to maintain it until the SPM market direction tag currently at SPM 74.26 moves above SPM 87. https://lnkd.in/es3tFJPd

#FIRSTLOOK 6:01 AM Key caveat: 10 yr Note above 5.02% means stocks selloff. As the logic of the 'expert', the best to do is 'good with the flow" and allow stocks to come to you. Use 4100 as support and 4167 as resistance. $SPX S&P Futures vs Fair Value: +20.0 10 yr Note: 4.870% USD/JPY: 150.03 -0.37 EUR/USD: 1.0566 +0.0002 Europe: FTSE: +0.2% DAX: +0.5% CAC: -0.4% Asia: Hang Seng: +2.1% Shanghai: +1.0% Nikkei: +1.3% Gold (1997.50 +0.10) Silver (22.995 +0.087) Crude (85.19 +1.98) https://lnkd.in/es3tFJPd

#FIRSTLOOK 8:04 AM $SPX The S&P 500 futures are down 20 points and are trading 0.8% below fair value, the Nasdaq 100 futures are down 114 points and are trading 0.6% below fair value, and the Dow Jones Industrial Average futures are down 124 points and are trading 0.3% below fair value. ^^ Use $SPM near term support at 4680 - take profits, sell lagers and reduce exposure to the CNBC noise. note: Equity futures indicate another lower open for the stock market. There is a continued inclination to take profits after the big run to end 2023, helped by rising Treasury yields. The 2-yr note yield is up two basis points to 4.35% and the 10-yr note yield is just below 4.00%, up three basis points from yesterday at 3.98%. https://lnkd.in/es3tFJPd

#FIRSTLOOK 10:07 AM $SPX 4578 +34.75. Use 4600 as resistance/support at 4560. Maintain 30% cash position. The market-cap weighted S&P 500 is up 0.3% while the equal weighted S&P 500 sports a 0.8% gain.Eight of the S&P 500 sectors trade up led by the industrial (+1.0%) and financial (+0.8%) sectors. The consumer staples (-0.4%) and energy (-0.3%) sectors show the largest declines. The latter is responding to a drop in oil prices ($70.59/bbl, -1.72, -2.3%). Today's trade has a positive bias so far, bouncing back after modest losses this week. The Russell 2000 sports the largest gain among the major indices, trading up 0.8%, after underperforming yesterday. note: Losses in $AAPL 193.06, -0.35, -0.2%), $MSFT 371.75, -0.78, -0.2%), and $AMZN 145.85, -1.00, -0.7%) have weighed on the broader market, but many other stocks are trading up. The 2-yr note yield is up four basis points from yesterday at 4.60% and the 10-yr note yield is down one basis point to 4.17%. https://lnkd.in/es3tFJPd

$POLA $0.51 +0.05. DAC (dollar average cost) $0.77 latest $0.40 (12.1.23). EXIT $3.00. OVERRVIEW: On Dec. 1, Polar Power(POLA) set the price for its public offering of 4 million shares of common stock at $0.40 per share, aiming to generate $1.6 million in gross proceeds. The company's shares lost around 41% over the past five days. The company's 52-week low is $0.4050. *RSI Value: 22.96 POLA Price Action: Shares of Polar Power(POLA) fell 46.3% to close at $0.4550 on Friday. *The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30. https://lnkd.in/es3tFJPd

#FIRSTLOOK 8:08 AM $SPX The S&P 500 futures are flat and are trading roughly in line with fair value, the Nasdaq 100 futures are up 35 points and are trading 0.2% above fair value, and the Dow Jones Industrial Average futures are down 67 points and are trading 0.2% below fair value. note: Market participants are waiting to see if the S&P 500 will close above its previous record high before the end of the year, which is only 0.3% higher than yesterday's close. Our algorithm predicted in June 2023 that the S&P 500 Index would closed out the year 2023 with an all time high which a SPM 91.23 tag probability. https://lnkd.in/es3tFJPd

$GM $31.52 last bid. DAC (dollar average cost) $27.22 (10.30.23). EXIT $37.00. UPDATE: Co announced a $10 billion accelerated share repurchase (ASR) program and increased common stock dividend by 33% beginning with the January 2024 declaration. Co issues in-line guidance for FY23 (Dec), sees EPS of $7.20-7.70 vs. $7.47 consensu; compared to the previous outlook of $7.15-$8.15. EBIT-adjusted of $11.7 billion-$12.7 billion, compared to the previous outlook of $12.0 billion-$14.0 billion Net automotive cash provided by operating activities of $19.5 billion-$21.0 billion, compared to the previous outlook of $17.4 billion-$20.4 billion. https://lnkd.in/es3tFJPd

What are Bollinger Bands? Bollinger Bands was invented by John Bollinger during the mid 1980s. They’ve been around for a very long time and is a really powerful technical indicator that can be used in a number of different ways. In this article, check out other ways on how you can use Bollinger bands in your trading! Check it out here: https://lnkd.in/gqJccK9 #enlightenedstocktrading #learnstocktrading #stockmarket

DBR (Drop Base Rally) Screener - Price Action – TSR Explore the DBR Screeners provided by Top Stock Research, offering you the chance to engage in potential trading opportunities. The pattern initiates with a drop (downward movement), progresses to a consolidation phase (base), and ultimately leads to a strong upward movement (rally). This powerful supply and demand reversal pattern signals a bullish reversal and provides a clear opportunity to profit from the subsequent upward move, suitable for both long-term and swing trading strategies. Benefits :  Identify key demand zones Pinpoint areas with strong buying pressure Spot opportunities for bullish trend continuations Make more informed decisions Identifies Potential Reversal Points For an overview click on the link below to explore the TSR DBR Drop Base Rally Screener: https://lnkd.in/dnEMKAa9 Link for US Stock Screeners : https://lnkd.in/dceTVkeS The tutorial can be accessed via the YouTube link provided below English: https://lnkd.in/dRsPX-bQ Hindi: https://lnkd.in/dP4pgHVJ In case you need any support, feel free to ask for a demo by clicking the link provided below: (https://lnkd.in/ddffED-2) #trading #trading strategy #stockscreener #topstockresearch #demandsupplyzone