Today I wanna try to read a different asset class, the $Bitcoin(BTC.CC)$ in a naked chart as I found a potential bearish reversal pattern in making
During post covid, bitcoin reached its peak on Nov 2021, followed by around 1 year bearish trend till the bottom during Nov 2022. A strong bullish trend began since then, from around 15000 level to above 70000 this year, wrote a nearly 400% gains just within 2 years!
$Bitcoin(BTC.CC)$ Daily Chart
From the dail...

Another SHORT  candidate.
$Eli Lilly and Co(LLY.US)$

.US Stock Market Review 8 – 12 Apr 2024
$Dow Jones Industrial Average(.DJI.US)$ -2.59%
$Nasdaq Composite Index(.IXIC.US)$ -0.76%
$S&P 500 Index(.SPX.US)$ Standard -1.70
Stocks stumbled on Friday as techs lost their winning ways, and as investors reeled from the banking sector's mixed results to kick off earnings season.
Event to watch: 15 Apr US Retail & Core Retail Sales, 17 Apr US Crude Oil Inventories, 18 Apr IJC & Existing Home Sales.
.MY Stock Market Review 8 – 12 Apr ...

Does $Advanced Micro Devices(AMD.US)$ still own a significant stake in $GlobalFoundries(GFS.US)$?

TRUTH $TMTG Platform listing on Nasdaq 1st QTR 2022.
I'll be buying, as censorship and free speech matter to me...this is America?
$Meta Platforms(FB.US)$ self destructing from within? Wonderful..lets go facebook.
Cheers.
P.S. $Novavax(NVAX.US)$ Novavax next Big Pharma?
N.O.W.S.

$Apple(AAPL.US)$Let's revisit a few facts about the company:
1. As of January 2021, Apple has an active installed base of 1.65 billion devices compared with 1.5 billion devices a year ago. At the time, Apple had over 1.0 billion active iPhone devices globally. By now, this number is very likely even higher, thus further increasing the reach of advertisers on iOS and on Apple's products, all the while protecting the privacy of consumers and freedom of choice (opt in or opt out from app tracking - your choice).
2. The company is expected to generate ~$3 billion in advertising revenue in 2021 compared to a mere $300M in 2017. Has anyone paid attention to the meteoric rise of Amazon's advertising revenue over the past 5 years? Facebook investors might not have, but Apple management certainly has. As I mentioned in my articles on Facebook - entry into the advertising business is not a high barrier - any company with a sufficient network of users and global reach can do so, and Apple certainly can.Net ad revenue share worldwide
3. The TAM market for advertising is... well, very large. Some project that advertising could very well be as lucrative as $20B in sales annually for Apple, and this estimate might be low. The global advertising agencies market is expected to grow from $317.63 billion in 2020 to $348.4 billion in 2021 at a compound annual growth rate (CAGR) of 9.7%. The market is expected to reach $455.38 billion in 2025 at a CAGR of 6.9%.
Some projections place it as high as $786.2B by 2026. Let's take the lower projection for now.
- $20B would only be a miniscule 4.4% for Apple - surely Apple can beat $TENCENT(00700.HK)$? At a more optimistic 5.5% by 2025, Apple would capture $25B in advertising revenue (or more).
- With approximately $347B in FY 2021 revenues, this would be 7% of current revenues and closer to 4% to 5% of future revenues - a minor enhancement for Apple, perhaps enough to offset any losses due to App Store fee changes and new regulatory anti-steering rules.
The implication here is positive nonetheless: most negative / pessimistic cases for Apple's stock involve projections of doom and gloom for Apple's Services business due to regulatory action and forced App Store fee changes, as if Apple's stellar management and R&D team would simply sit back and continue popping pink-balloons and sangria drinking parties at their new headquarters in Cupertino while wearing colorful COVID masks.
However, I believe Apple is poised to gain closer to 10% to 15% of the Advertising market because it is disrupting the digital Advertising industry. It is leading the innovation and cultural changes backed by regulatory (government) and social (consumer) trends.
- Thus, at 10% to 15% we'd see revenues of $45.5B to $68.3B by 2025 (using the lower CAGR projection)
- At the higher CAGR projection,by 2026, we'd see revenues of $78.6B to $118B
This would be anywhere from 13% to 34% of current revenues, or ~10% to 26% of future revenues.

$S&P 500 Index(.SPX.US)$ $Dow Jones Industrial Average(.DJI.US)$ $NASDAQ 100 Index(.NDX.US)$ U.S. Treasury Secretary Janet Yellen said she doesn't believe that the U.S. is losing control over inflation, pushing back against criticism from former Treasury Secretary Larry Summers, who has been warning about the effects that spending is having on inflation.
"I think he's wrong. I don't think we're about to lose control of inflation," Yellen said on CNN on Sunday morning.
She expects that inflation, which was running at a 5.4% Y/Y rate at the end of September, will start to get back to the 2% range in the middle of 2022, she told CNN's Jake Tapper in an interview.
"On a 12-month basis, the inflation rate will remain high into next year because of what's already happened. But I expect improvement ... by the middle to end of next year, second half of next year," she said.
Her comments echo those that Fed Chair Jerome Powell made on Friday, that high inflation is likely to last "well into next year."
Prices have spiked up due to supply chain disruptions and labor shortages as demand increases with the reopening of the economy.
Yellen's view contrasts with Twitter CEO Jack Dorsey's who warns that hyperinflation will change everything. "It will happen in the US soon and so the world," he said in a Twitter thread.
In the latest job openings and labor turnover report released earlier this month, there were more than 10M job openings in August, and a record 2.9% of workers quit their jobs.

$Upstart(UPST.US)$ While the pricing is still strong, perhaps it isn’t a wreck, it hit 400 recently, and now it is at 347, that’s down 53 points, that is down 13,2%. The chart looks weak too, I need it to fall to 300, before I start buying, buying the tiniest pieces and hope it goes even lower. Hope isn’t a strategy, and I do have my core position. As time goes on UPST’s moat gets wider and deeper.
We see a very strong uptrend that hasn’t been shaken until it had that last parabolic leap. Some would identify this as a classic blowoff top. Since greed and hope might be turning my lenses rose` I will leave it to you to decide. The green cup is showing a decided break in trend and the broken line is marking out the first level of support at about 293 to 281. So I was not that far off. Anyway, I want to have cash ready to buy if it does have the fearful selling. The next level of support looks to be 275.