NVIDIA Weekly
Stock price ended at $898.78 on Friday, after gaining 1.27%.
The NVIDIA stock price gained 1.27% on the last trading day (Friday, 10th May 2024), rising from $887.47 to $898.78. During the last trading day the stock fluctuated 2.43% from a day low at $892.33 to a day high of $914.00. The price has been going up and down for this period, and there has been a 2.44% gain for the last 2 weeks. Volume fell on the last day by -4 million shares and in total, 33 million shares were bought and sold for approximately $29.86 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
TSLA Weekly
Tesla stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
The Tesla stock price fell by -2.04% on the last day (Friday, 10th May 2024) from $171.97 to $168.47. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.17% from a day low at $167.75 to a day high of $173.06. The price has fallen in 6 of the last 10 days but is still up by 0.11% over the past 2 weeks. Volume has increased on the last day by 6 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days.
EURUSD WEEKLY CHART – PREPARING FOR THE WEEK AHEAD
When you prepare for the week ahead you can start with a weekly chart to put the bigger picture in perspetive. I am using the EURISD weekly to illustrate I call it a checklist to prepare for the week ahead..
Write down the prior week’s range. (1.0724-91). These are the initial key levels to start the week.
Is there momentum in the weekly? (2 weeks of higher lows/highs so up momentum coming into this past week)
Was it a higher low or higher high or inside week? (inside week)
If an inside week, what was the previous weekly high? (1.0812)
What is the 4-week high or low (See The Four Week Trading Rule).
When you go through a checklist you will identify what the “real money” traders are looking at, identify the key levels and where there may be stops, determine whether there is momentum, and thereby prepare yourself for the week ahead no matter what time frame you are trading.
As I have said many times, udentifying the side toi trade is more than half the battle in being a successful trader.
Anyone trading this past week saw the reaction to a jump in US Weekly Jobless Claims, normally a low-impact data release. One would have thought it was the monthly employment report that just came out. With key data due out this week from the US, it pays to be reminded that>>>>
MARKETS REMAIN HYPER-SENSTIVE TO ECONOMIC DATA RELEASES SO HOLD ON TO YOUR SEAT BELTS NEXT WEEK WHEN US RETAIL SALES AND CPI WILL BE REPORTED… SEE DETAILED PREVIEWS IN THIS VERY POPULAR WEEK-AHEAD REPORT
I am THRILLED by this new development in use of AI
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Alphafold 3 predicts the structure and interactions of all of life’s molecules
May 08, 2024
Introducing AlphaFold 3, a new AI model developed by Google DeepMind and Isomorphic Labs. By accurately predicting the structure of proteins, DNA, RNA, ligands and more, and how they interact, we hope it will transform our understanding of the biological world and drug discovery.
totally amazing and exiting application … instead of sometimes years of research down to literaly minutes
unusual incident
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timesofisrael
“12 soldiers stung by wasp swarm after tank runs over nest in southern Gaza”
In unusual incident, Sheba Hospital admits 10 of the soldiers for treatment, with one sent to ICU, says some were stung by hundreds of the insects, but none in critical danger
Note to piece authors EMANUEL FABIAN and MICHAEL HOROVITZ
Actually not unusual at all. bees, wasps, scorpions and other insects have long history of military battle use from approximately medieval age to including current “modern” warfare.
Gold Daily
Resistance at 2380.00 , 2420.00 and previous High at 2430.00 ( more or less )
Supports at 2330.00 , 2315.00 & 2280.00
Daily is in the Buy mode again, but the Rejection at 2380 area doesn’t look good for further advances.
There is a lot of space that can open to the upper side, but Down side looks more and more attractive.
Right now is in No man’s land….
If stays below 2380, Pattern suggests at least a sizeable correction on the way to the downside.
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