NMS Investment Research

Be aware that the S&P 500 is now trading at the top of the channel. A I bulls could push the index even higher to a nother new all-time if Microsoft and Alphabet deliver "price d for perfection" earnings reports on Tuesday after the market close. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

Tesla stock took an 11+% nose dive on Thursday after the company warned of slower growth in 2024. This came as no surprise since we already issued a warning in October 2023, see " Staycautious on the EV sector ". The stock is now retesting the $182.33 level. A bearish DEATH CROSS chart pattern has emerged, meaning the stock could pull back further. The next support level s are at $ 165.80, a 60% retracement from its all-time high in Nov'21, and the trendline support at ~$135.13, respectively. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. We have no position in TS L A. Click here to view the latest update!

Apple stock is retesting the $194 level , or its $3 trillion valuation , on Monday after being upgraded by BoA last week. Apparently, the company has been busy buying back shares to return money to its shareholders. As far as we know, in January 2023, the stock price was ~$188.58 for its $3 trillion valuation. The stock made a double bottom at ~$18 0 last week and may be heading higher toward the $198-$200 level , despite a lot of noise from the financial media. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here toview the latest update !

  Apple stock broke the neckline of the double bottom (~$186) chart pattern on Thursday after being upgraded by BoA to a buy, citing that Apple could introduce generative AI as early as this year, or next year at the latest. The near-term P/T is ~ $192.23 after the double bottom is confirmed. Note that AAPL's stock price is $192.88 for its $3 trillion valuation. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here toview the latest update!

  Tesla stock broke below its key trendline support ~ $215.57 on Wednesday after its 100-day EMA crossed over the 50-day EMA. The next support level is   at $207.25 , a 50% retracement from its all-time in Nov'21. Be aware that Tesla bulls could take the stock higher ahead of its Q4 2023 earnings release on January 24. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. We have no position in TS L A. Click here to view the latest update!

Fed Governor Christopher Waller reiterated today that rate cuts are coming, per NYT. Bears beware that an ascending chart pattern has emerged. A breakout to a new all-time high could be imminent.  This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

  The Thailand SET index has been trading under 1,430 since mid-October 2023. T here seems to be no end in sight for the range-bound market between 1,430 and 1,350 . So, be extremely cautious! This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here toview the latest update!

Tesla stock pulled back sharply below its 600-day EMA on Friday, driven by several negative headline news. The stock could bounce off from here but there's no guarantee , as more selling could be ahead if its 100-day EMA crosses over the 50-day EMA. There is a trendline support ~ $210 . Another support level is at $207.25 , if the trendline support can't hold . This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. We have no position in TS L A. Click here to view the latest update!

  Apple stock got downgraded this week by Barclays and Piper Sandler on concerns about iPhone sales. The stock has pulled back to test the trendline support, ~ $182...the NOV 10 breakout-retest. The stock is already oversold (RSI = 29.84) and could bounce off from here. Be aware that the stock could head down further to retest either the $180 support level or its 200-day EMA, if the trendline support can't hold. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here toview the latest update!