US Markets

Solana remains under buy conditions and any minor pullback will likely see increased buying activity above the recent $78 support level.

The graph of the S&P500 shows faltering short-term momentum with overhead resistance at 4590 in the S&P500 index.

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12/2 update:

19/2 update: The S&P500 remains below the 10-day average.

12/3 Update: The S&P500 remains below the 10-day average.

Markets may have little reaction if the central bank carries out its quarter-point hike on Wednesday.

The Fed’s rate hike is expected, but investors will be watching to see what the central bank has to say about inflation and the economy, as well as its projections for future interest rate hikes.

Q4’21: Solid finish to another strong year
Total Payment Volume (TPV) of $339.5 billion, growing 23% on a spot and FX-neutral basis (FXN); net revenues of $6.9 billion, growing 13% on a spot and FXN basis.

FY’22: Expect TPV to reach $1.5 trillion and revenue to surpass $29 billion
• TPV is expected to grow 19%-22% at current spot rates.
• Revenue expected to grow 15%-17% on a spot basis; excluding eBay, revenue is expected to grow 19%-21%

• 15 to 20 million NNAs expected to be added to PayPal’s platform in FY’22.

We see long-term value in Paypal for the patient investor and anticipate that the company will make attractive bolt-on acquisitions, supported by low company debt and free cash flow, which will help support the growth story.

Short term, traders may wish to position a trade around the highlighted setup below, with a stop loss below the recent pivot low.

The graph of the S&P500 shows faltering short-term momentum with overhead resistance at 4590 in the S&P500 index.

Join Monday night’s webinar, where I’ll provide detail on the technical patterns that traders and investors should be watching.

Free trial: https://www.investorsignals.com/register

Traders will be monitoring next week’s price action based on the above pattern.

19/2 update: The S&P500 remains below the 10-day average.

The graph of the S&P500 shows a continuation of the bullish move and a recent Algo Engine buy signal at the January low. Short-term we have faltering momentum with overhead resistance at 4590 in the S&P500 index.

Join Monday night’s webinar, where I’ll provide detail on the technical patterns that traders and investors should be watching.

Free trial: https://www.investorsignals.com/register

Traders will be monitoring next week’s price action based on the above pattern.

{SNAP.NYS} is under Algo Engine buy conditions. The correction in high PE technology and the negative impact to earnings from the change in Apple’s advertising privacy regulations have seen Snap correct from $80 down to $38. Even after the 50% correction, Snap remains on 80x PE.

Despite the still high PE ratio, Snap offers tremendous growth and we’re accumulating the stock within our defined range.

5/2 update:

Snap shares rocket as much as 62% on first-ever quarterly net profit.

Here are the key numbers:

• Earnings per share: 22 cents, adjusted vs 10 cents expected, according to a Refinitiv survey of analysts
• Revenue: $1.3 billion vs $1.2 billion, according to Refinitv
• Global Daily Active Daily Users (DAUs): 319 million vs 316.9 million, according to StreetAccount
• Average Revenue per User (ARPU): $4.06 vs $3.79, according to StreetAccount