We automated finding similar chart patterns in the past that resemble the present utilizing AI & project potential future price action should history repeat.. or rhyme
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Take advantage of the World's 1st AI to match chart patterns, the leading AI assistant, WaveGPT (Built on latest ChatGPT), & more, right in the palm of your hand.
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We just hit the highest social media mentions on $NVDA Nvidia last week since May 2023
And look at the drop-off after. Weirdly looks similar to before..
Social media mentions of $NVDA Nvidia vs. share price + our Unusual Activity algo
We automated finding similar chart patterns in the past that resemble the present utilizing AI. Below, $SPX - since the 11/2021 ATH, matches w/ the 50s, 70s, 80s, '00, & '08 + where we end up should any of these paths materialize. Play with it FREE here:
If history repeats, looks like more downside ahead. 1980s pattern implies massive rally, but before it happens implies a move to ~3550 before a double bottom lift-off
We automated identifying historical chart patterns using AI. Play w this chart live:
Intraday $TSLA price predictions. What kind of wizardry is this..
Play with our tools here that utilize cutting edge image recognition AI & signal processing to seek & identify similar chart patterns in the past:
According to JPM, Retail investors were SELLERS into the rally we've seen since 11/10
Yesterday, Retail Investors swapped to buyers of the dip
They are now chasing a continuation of this rally. RIP ahead?
See this in real-time here: (same method as JPM)
"Baby Boomers are relocating to Las Vegas and Tampa while Millennials prefer Austin. Both groups are leaving the larger cities of San Francisco and New York." - BofA
Hey World 2024 🌍🤖! Get ready to upgrade with WeWave Studio V2 Beta - launching soon. More intel dropping in the days ahead. Stay tuned.
#Daytrader
#tradingstrategy
🚀👾
We connected real time data to ChatGPT and removed a ton of unnecessary filters. It can do everything ChatGPT can do & more. Intro to WaveGPT. Play with it for free on (Desktop only) **Note: still working out some kinks and bugs**
Nasdaq today announced on July 7th that the Nasdaq-100 Index® $QQQ will undergo a Special Rebalance effective prior to the market open on Monday, 7/24/23. Could reduce weights of the "magnificent 7" $NVDA $AMZN $MSFT $AAPL $META $TSLA $GOOG
Price changes over last year (July CPI report)
Transportation: +9.0%
Shelter: +7.7%
Food away from home: +7.1%
Food at home: +3.6%
New Cars: +3.5%
Overall CPI: +3.2%
Electricity: +3.0%
Medical Care: -1.5%
Used Cars: -5.6%
Gas Utilities: -13.7%
Gasoline: -19.9%
Fuel Oil: -26.5%
Here's $TSLA. Timed the local bottom several months ago perfectly
Note: Social Media mentions defined as total mentions on Reddit's WallStreetBets & other social media websites focused on Trading/Investing
Price changes over last year (CPI report)...
Transportation: +14.6%
Gas Utilities: +14.3%
Electricity: +12.9%
Food at home: +10.2%
Fuel Oil: +9.2%
Food away from home: +8.4%
Shelter: +8.1%
Overall CPI: +6.0%
New Cars: +5.8%
Medical Care: +2.1%
Gasoline: -2.0%
Used Cars: -13.6%
Nasdaq 100 rebalance $QQQ for the "Magnificent 7":
$AAPL 12.1% to 11.5%
$MSFT 12.8% to 9.8%
$GOOGL 7.6% to 5.7%
$AMZN 6.9% to 5.3%
$NVDA 7.3% to 4.3%
$META 4.4% to 3.7%
$TSLA 4.5% to 3.4%
CARVANA EARNINGS JUST OUT $CVNA
*CARVANA 4Q REV. $2.84B, EST. $3.09B
*CARVANA 4Q CLASS A LOSS/SHARE $7.61, EST. LOSS/SHR $2.19
*CARVANA 4Q USED VEHICLE GROSS PROFIT PER UNIT $425, EST. $1,038
*CARVANA 4Q USED VEHICLE UNIT SALES 86,977, EST. 94,394
KREMLIN ON THE WIRES - via Reuters
KREMLIN SAYS CRIMINAL CASE AGAINST PRIGOZHIN WILL BE DROPPED
SAYS IT DOES NOT KNOW WHERE PRIGOZHIN IS NOW
PRIGOZHIN WILL MOVE TO BELARUS
BREAKING:
#CoinBase
Exchange Volume has now tanked -99.2% within the last 24 hours, for the first time in history, as $USDC coin (partially owned by CoinBase) breaks peg amid ties to failed
#SVB
Bank
Alibaba Group Holdings Ltd announced on Friday an artificial intelligence (AI) image generator, initially available to enterprise customers in beta form, as it ramps up its offerings in the fast-growing AI sector $BABA
NVIDIA EARNINGS COME OUT AT 4:20 PM EST TODAY $NVDA
EXPECTED NUMBERS
REVENUE -> $6.02 BILLION ( DOWN 21.2% )
ADJ EPS -> $0.81 ( DOWN 31.9% )
IMPLIED 1 DAY MOVE -> 7.8%
Microsoft pioneers use of generative AI in software — at a price. Today $MSFT officially declared “general availability” of Copilot in enterprise versions of Word, Ppt & Excel.
The move potentially puts new AI tools at the fingertips of ~150mn workers -FT
Rents are dropping. 📉
Hardest-hit cities include Austin, Las Vegas, and Phoenix, where rental rates are down -6% over the last year.
Meanwhile - taxes, insurance, and interest costs are up significantly
Since 1928, bull markets have averaged a gain of 114% over 1,011 calendar days. For this bull to get to the average bull, the S&P would need to gain another 68% from here (taking it to 7,670) over a period that takes us out to July 2025 $SPX $SPY
‘The Citadel migration’ shaking up Miami’s luxury property market
Citadel announced it would move its headquarters from Chicago, citing lower crime in Florida and the sunshine state’s lower taxes -FT
Tomorrow $TSLA will announce Q2 deliveries. Consensus is 448k vs 424k last quarter ~5%. Last year Shanghai factory and country was locked down with Covid restrictions so expect to hear bulls talk up YoY ~75% increase
BOND STRATEGISTS STAND GROUND, SAY U.S. TREASURY YIELDS HAVE PEAKED -REUTERS POLL $TLT $TMF would mean something if it wasn't for the 6969th time they were bullish in the last month
Retail Investors were net buyers today, totaling ~$208mm across the Russell 1000. The group was a net buyer in the last 3 trading sessions, totaling ~$600mm executed
#STOCKS
#TSLA
#SPX
#SPX500
$SPX $TSLA
Short sellers made $378.9 million in paper profits betting against regional banks First Horizon Corp, PacWest Bancorp and Western Alliance Bancorp in Thursday's session, analytics firm Ortex said.
Since the start of 2023, bearish investors have made $816 million from the three
Ever wonder which Stocks trade/have a similar chart pattern as $BTC
#BTC
Bitcoin? Wewave can answer that for you & also show you which ETFs, FX pairs are similar as well. For WEWAVE DESKTOP only (Mobile coming soon)
#crypto
#CryptoInvestor
#BTC
S&P 500 cos. $SPX $SPY are reporting a Y/Y revenue decline of -0.3% for Q2 2023, which is the first decline in revenues for the index since Q3 2020 (-1.1%) -FactSet
Gents,
The FREE Wewave iOS app is now live! Take advantage of the World's 1st AI to match chart patterns, the leading AI assistant, WaveGPT (Built on latest ChatGPT), & more, right in the palm of your hand.
Try it for free today:
US gov outlays soared 15% to $646 billion in June, up almost $100 billion from a year ago while tax receipts slumped 9.2% from $461 billion to $418 billion, resulting in a LTM government receipt drop of over 7.3%, the biggest since June 2020 $TLT $ZB_F
Bank of England warns on corporate default risk
High interest rates are putting pressure on British companies, raising the risk of corporate defaults and threatening investment and employment, the Bank of England warned on Tuesday
Over the last week, traders bought $4 billion worth of stocks through options and sold $7.5 billion worth of volatility. This is the largest order imbalance ever recorded to the bullish side $SPY $QQQ $SPX
China's CPI fell 0.5% m/m in Feb, versus 0.8% gain in Jan.
Prices of pork prices and fresh vegetables fell 11.4% and 4.4%.
Airfare and tourism prices fell 12% and 6.5%
Credit Suisse's CHF 16b AT1 bond wipeout is by far the biggest loss ever in Europe’s $275 billion additional tier 1 market.
Far outweighs the €1.35b loss by junior bond holders of Banco Popular in 2017, when it was absorbed by Santander
Japan's defence ministry on Thursday sought a record $53Bn in next fiscal year's budget, part of its biggest military buildup since WW2, aiming to double defence spending to 2% of GDP by 2027, citing an increasingly assertive China and an unpredictable North Korea
PNC Financial $PNC reportedly has the inside track to acquire First Republic Bank $FRC beating out names like JPMorgan $JPM and BofA $BAC - Fox Business
The spread between the 3-month and 1-month Treasury bill yields has moved from a record high (1.78%) to nearly a record low (-0.50%) in just two weeks. Bond market is going haywire