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Daily Market Summary & Technical Analysis | Wednesday, March 27th 2024

The Bottom Line:

  • Neo had a delivery miss with a slight cut in outlook but high volume trade interest
  • Oracle showing signs of daily and weekly higher lows with possible hourly squeeze
  • NVO potential for weekly bull flag and positive outlook ahead of earnings
  • CLSK daily double top with high compression squeeze potential for volatility
  • Bitcoin and Ethereum holding steady while markets await potential upside confirmation

Neo’s Missed Delivery and Trade Interest

Neo’s Missed Delivery and Trade Analysis

Neo had a delivery Miss and I don’t think that news was expected. Neo cuts delivery outlook from 31,000 to 33,000 to 30,000, resulting in high volume and increased interest. With 3.6 million shares traded, the market is closely watching for potential trading opportunities.

Market Outlook and Technical Analysis

Various stocks and cryptocurrencies are analyzed for their daily performance and technical patterns. From potential bull flags to double tops and high compression squeezes, traders are assessing key levels and indicators for potential trading opportunities.

Daily Market Events and Observations

The daily market movements, events, and observations are discussed, including the performance of major indices like the S&P 500 and NASDAQ, as well as insights into the futures market, cryptocurrency trends, and key economic data releases and speeches expected in the coming days.

Oracle’s Potential Higher Lows and Squeeze

Oracle’s Potential Higher Lows and Squeeze

“good morning pregame crew how are you it is Wednesday March 27th 2024 6:23 a.m. Mountain Time 8:23 a.m. eastern time good morning welcome to the show hi Mark Greg Chris Tom Adam Paula hey M wave Spaceball oneliner Sam Tess hey Donald hey success that’s so funny M the donkeys are doing great my dad is bringing my mom to the hospital the doctor today for two important appointments so I can’t get video footage today of the donkeys but maybe Friday and I will share with you they’re doing great hey nugget hey Rachel Mike Dollar Tree Neo had a delivery Miss and I don’t think that news was expected let’s see right here Neo Cuts delivery Outlook from 31,000 33,000 to 30,000 so it wasn’t a big cut but it was enough to make it really high volume and people are super interested in it right now we have 3.6 million shares traded good morning Oracle Oracle we’re looking for a daily higher low we’re looking for a weekly higher low we have a squeeze on the hourly chart we’re trying a small Gap up you could trade it as long as 127 holds you could look for a long looking for that weekly and daily higher low I considered this one this morning but I’m like I just don’t like that daily chart that just looks choppy that could be the beginning of a head and shoulders I’m not saying it is but I just it made me kind of shy away from it today for a potential Long hey CJ my I have an uncle CJ hey 99 slacker thank you Rachel nvo nvo potential weekly bull flag looks like they have earnings May 2nd daily this could be a bare flag I doubt it considering how bullish people have been on this name we do have a gap at 12454 4 Hour high compression squeeze like that H hourly squeeze 4our squeeze this one could get going if it gets over yesterday’s high true true true Queen we’re opening up green we’re pretty far away from yesterday’s high so we’re just opening up in the middle of yesterday’s range this could be a 4H hour Head and Shoulders here be careful if Bitcoin were to take a pause today this could be the beginning of a 4our head and shoulders thanks ma hey HJ you’re welcome success you’re welcome Sam okay clsk 2345 2415 2408 so we have a daily double top right here we are green this morning but opening up inside yesterday in for in oh wow look at that high compression squeeze I am just a okay hi my name is Lori and I’m addicted to high compression squeezes so there we got it out the way these high compression squeezes are just a h hourly EQ right now on clsk remember the squeeze is a directionless indicator it’s not saying it’s going to break bull or bear it just says what whichever way it breaks expect follow through and volatility that looks nice you can adjust the settings uh with the little gear icon on YouTube you can click it and adjust it and increase the resolution to 1080 I don’t see a weekly megaphone on the Russell I mean you could make an argument for potential daily cup and handle even though it’s super ugly the cup is ugly and the handle daily inside bar broke bear yesterday but we were able to get unable to get through 205 definitively and we bounced right in the middle of yesterday’s range Bitcoin had a good night it’ll be interesting to see if the Russell can have a good day on the hills of its risk on counterpart hey shake and bake hey hottie Hector okay pltr daily chart not the neest potential two bull flag got a daily double top on this one opening up inside yesterday’s range yeah I was looking at this one earlier thinking man that looks like a cup and handle need to get over 2550 to feel more confident in that let’s make some cheddar Gary oh good Rachel Reddit we don’t have a lot of price history it’s a newer IPO we’re opening up closer to yesterday’s low than yesterday’s high I would say this would be a potential short on a bounce maybe 5 minute overb reverse back burner do the size of yesterday’s pullback you’re looking for a potential lower high compared to 7145 if a chart you’re looking at is overbought or at alltime high but indicates it to be great how cautious are you or aggressive all-time high Blue Sky breakout no resistance overhead I don’t really look at the RSI RSI means a lot less when you’re in Blue Sky breakout so uh as far as aggressive it just depends on the setup and it depends on the market I’m not going to be AG aggressive let’s say on a Google new all-time high if the market is pulling back hard I’m not going to be aggressive so there’s multiple variables that go into that decision but RSI is not as important on Blue Sky Breakout link USD and I’ll get started after this one with the show potential eight hour bull flag on link we’re holding yesterday’s low we broke it by 3 pennies and bounced so right now 19 .298 is your key support we we are in a daily uptrend a weekly lower high is the more likely scenario compared to 2287 got lots of green names in crypto land this is not one of them 15 minutes struggling against a 200 ma right now so 8 Hour potential bull flag is a best time frame I see good morning welcome to the show this is who I am I’m try G Lori I’m part of the CH guys community and we teach technical analysis if you want to give me a follow on X at chart gal Lori that’d be great and my interview with Blake Morrow was released about an hour ago if you want to look at that I did this interview yesterday with Blake it’s on X on my profile all right let’s look at the table the table is more bullish than bearish because of those daily charts out there there are some things that are standing out that aren’t so bullish like apple hang sing was pretty red overnight semies are still weak semies are super important to the overall market look at what happened yesterday green green green green green green green green green and look at semis simmies were red and held back the market yes xlu was red yes XLE e was red but it was the semis that held back the market so I’ll be looking at the semis very closely today to see if they’re going to lead us to the upside to confirm a potential daily bull flag are they going to remain heavy as far as events today we have oil 7-year note auction fed Waller speaks tomorrow initial jobless claims and Friday we have pce and fed pal speaks and we will be closed so that’ll be interesting we’ll be closed while we get major inflation data but Futures will be open all right let’s move this out the way move get out the way get out the way all right so spy actually let’s start with es Futures potential daily bull flag and if it continues to be drawn out like this we’ll probably like it a little bit better on the two-day as you can see on the 2day That’s a classic potential bull flag no major damage has been done I mean yesterday felt terrible and look we were only down 0.18 QQQ down. 32 we’re just when we have red days and maybe I’ll just speak for myself it just feels oh my gosh it feels so heavy we’re only down 0.8 we’re just we’ve just had so much green since October it’s become the norm okay so es potential daily bull flag NASDAQ potential daily bull bull flag Russell not as neat potential two-day bull flag Dow potential two-day bull flag so Dow has enough room for a daily higher low we’ll see if we get a daily lower high compared to 4316 looking at the vix we are in a daily downtrend 4our downtrend hourly EMAs are overhead on the next bounce we’re looking for a lower high compared to 1343 one second okay that’s so funny okay I have to show y’all this so Davey one of our awesome members who is becoming an insane crazy awesome Trader great TA by the way Davey he says yesterday you’re doing a great job with lives resist the urge to apologize for things yes Dan is great but he didn’t get up to get coffee but he has gotten enough to scare off bears and Dan saying there was a time sheep got out and had to run around and then come back and do the live it’s completely out of breath so yesterday I left our live stream to go get coffee I was going 90 seconds but it’s just in my nature to apologize I’m going to tell yall something that’s going to be absolutely shocking I’m the weakest personality in my family of the four siblings that my mom had I am the weakest personality by a long shot so I am so used to apologizing to my aggressive Brothers brother and sisters that I it’s just a it’s just what I do so it doesn’t mean that I know people get tired of I’m sorry I’m sorry I’m sorry but it’s just my nature because I was scared to death of my sisters and my brother if we must be honest all right oh let’s go back all right so vix is in an hourly downtrend actually it has an hourly higher high but hasn’t confirmed to uptrend we are looking for a lower high compared to 1343 hang sing was pretty red overnight down 1.36 Dax is up 0.53 bitcoin’s holding up very well hourly EMAs are holding price right now we have a nice EQ here does it look better on the 2hour 2hour and let me just say something about what I do I see that I scrunch up time frames I go to higher time frames lower time frames and I used to think man someone’s trying to just get a time frame to fit their thesis and I have learned from that and I don’t

NVO’s Outlook for Bull Flag and Earnings

NVO’s Weekly Bull Flag and Earnings

“NVO potential weekly bull flag looks like they have earnings May 2nd. Daily, this could be a bear flag, I doubt it considering how bullish people have been on this name. We do have a gap at 124.54. 4-hour high compression squeeze like that, hourly squeeze, 4-hour squeeze. This one could get going if it gets over yesterday’s high. We’re opening up green, we’re pretty far away from yesterday’s high, so we’re just opening up in the middle of yesterday’s range. This could be a 4-hour Head and Shoulders here. Be careful if Bitcoin were to take a pause today; this could be the beginning of a 4-hour head and shoulders.”

CLSK’s Double Top and Volatility Potential

NVO’s Potential Bull Flag Analysis and Earnings Outlook

“NVO potential weekly bull flag looks like they have earnings May 2nd. Daily, this could be a bear flag, I doubt it considering how bullish people have been on this name. We do have a gap at 124.54. 4-hour high compression squeeze like that, hourly squeeze, 4-hour squeeze. This one could get going if it gets over yesterday’s high. We’re opening up green, we’re pretty far away from yesterday’s high, so we’re just opening up in the middle of yesterday’s range. This could be a 4-hour Head and Shoulders here. Be careful if Bitcoin were to take a pause today; this could be the beginning of a 4-hour head and shoulders.”

Bitcoin and Ethereum Holding Steady

Bitcoin and Ethereum Market Conditions

Bitcoin is holding steady and Ethereum is experiencing some fluctuations as traders keep a close watch on the market dynamics. There are signs of potential bullish patterns forming, but caution is advised with the possibility of head and shoulders patterns emerging in the charts.

Market Analysis and Technical Indicators

Traders are analyzing various stocks and cryptocurrencies for trading opportunities, including identifying daily double tops and potential bull flags. The focus is on key support and resistance levels, as well as indicators like high compression squeezes and hourly EQ patterns to navigate market volatility.

Daily Observations and Market Insights

The daily market observations include a mix of bullish and bearish signals across different assets. Attention is particularly drawn to cryptocurrency trends, with Bitcoin showing resilience while Ethereum faces some selling pressure. Traders are also preparing for upcoming economic events and speeches that could impact market sentiment in the coming days.

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