Author Archives: Trader

Alphabet (GOOG) could be a buy at the $150 level

Published April 10, 2025 and last updated April 24, 2025

Alphabet is down around 30% from the high. It has a solid advertising and cloud business for top-line growth and performs on the bottom-line. Reference my spreadsheet analysis below this chart.

This is a screenshot of a 4-year weekly chart for Alphabet.

The following are the top-line numbers for Google from 2023 to 2024:

This is screenshot of my analysis for the Alphabet financials.

Investor Updates – Alphabet Investor Relations

Updated April 24, 2025:

MOUNTAIN VIEW, Calif. – April 24, 2025 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2025.

  • Consolidated Alphabet revenues in Q1 2025 increased 12%, or 14% in constant currency, year over year to $90.2 billion reflecting robust momentum across the business, with Google Search & other, YouTube ads, Google subscriptions, platforms, and devices, and Google Cloud each delivering double-digit growth rates.
  • Google Services revenues increased 10% to $77.3 billion, reflecting strong performance across Google
    Search & other, Google subscriptions, platforms, and devices, and YouTube ads.
  • Google Cloud revenues increased 28% to $12.3 billion, led by growth in Google Cloud Platform (GCP)
    across core GCP products, AI Infrastructure, and Generative AI Solutions.
  • Total operating income increased 20% and operating margin expanded by 2 percentage points to 34%.
  • Net income increased 46% and EPS increased 49% to $2.81.
  • The company announced a 5% increase to the dividend, resulting in a quarterly cash dividend of $0.21.
Alphabet (GOOG) Q1 2025 income statement

Links for a deeper dive:

GOOG Exhibit 99.1 Q1 2025

Q1 2025 Earnings Slides

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Technical Analysis is about trading with the trend

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2025 TradeOnline.ca

In total, the U.S. bought $3.3 trillion worth of goods from countries around the world in 2024

Goods from China represented 13.3% of total U.S. imports, making China the third-largest supplier of goods to the U.S. Products such as smartphones, computers, toys and videogame consoles accounted for 55.5% of U.S. imports from China.

Value of goods by U.S. trading partner, in billions
U.S. trade in goods with China since 2000
Share of total U.S. trade in goods in 2024, by tradeing partner

https://www.wsj.com/economy/trade/the-u-s-and-china-are-still-in-a-trade-war-heres-how-much-business-they-do-41d1f321?st=8NJ8sc&reflink=article_email_share

Nasdaq pops 12.16% today on Trump tariff news

Published April 9, 2025

Is this just a relief rally that will fade? The main negative tariff undercurrents still remain. Trump can change his mind on a daily basis or even a hourly basis! But, it was a strong move on above average volume. There needs to be confirmation of the move with follow-through over the next couple of days.

The following is a 4-year weekly chart before looking at the shorter-term daily chart:

Nasdaq 4-year weekly chart for April 9, 2025 showing the big move today from the long-term perspective.

Here is the 10-month daily chart for Nasdaq showing the bullish shaven head and shaven bottom candlestick which represented a 12.16% upward move today:

10-month daily chart for Nasdaq showing the 12.16% move today on positive tariff news

https://www.mql5.com/en/forum/199205 detailing candlestick patterns.

Trump temporarily drops tariffs to 10% for most countries, hits China harder with 125% https://www.cnbc.com/2025/04/09/trump-announces-90-day-tariff-pause-for-at-least-some-countries.html

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Technical Analysis is about trading with the trend

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2025 TradeOnline.ca

United States 10-Year Bond Yield 4-year weekly chart

Published April 8, 2025

Trading in a major lateral trading range and will not change until there is more clarity on the tariffs. From a textbook perspective, money should be moving into the safety of the U.S. dollar which is the 10-year bond. This would push up the value of the bond and push down yields. The yield trades inversely to the the value of bond which has a fixed payout to maturity. This is not happening. Why? Investors worldwide maybe losing confidence in the U.S. dollar, the U.S. economy and the administration. Trump cannot take this lightly. As of March 2025, the total national debt of the United States is approximately $36.22 trillion. That is a a lot of debt to finance and long-term mortgage rates are tied to the 10-year bond. This is the major reason why Trump blinked on Wednesday. Yes, the U.S. dollar is the reserve currency but this comes with responsibilities.

The $28.6 trillion Treasury market is the lifeblood of the global financial system. Central banks and private financial institutions hold Treasuries of all maturities in huge quantities, and short-term Treasury debt is treated like cash. The bond selloff amounted to a decline in confidence in the U.S. itself.

United States 10-Year Bond Yield 4-year weekly chart trading in a lateral trading range.

https://www.investing.com/rates-bonds/u.s.-10-year-bond-yield

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Technical Analysis is about trading with the trend

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2025 TradeOnline.ca

S&P 500 could test the 61.80% retracement level around 4500

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Technical Analysis is about trading with the trend

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2025 TradeOnline.ca

TSX Index attempting to hold the 50% retracement level

Posted April 8, 2024

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Technical Analysis is about trading with the trend

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2025 TradeOnline.ca

WIT crude closes at $58.23 and no clear support levels

Published April 8, 2025

At this stage, WTI is in full sell mode as depicted on the long-term chart.

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Technical Analysis is about trading with the trend

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2025 TradeOnline.ca

Canadian dollar holding major support around $0.7000

This is a long-term chart for the Canadian dollar. It trended down starting in 2012 and is now in a lateral trading range. There is no catalyst to lift the dollar at this point and there is a direct correlation with the price of oil. Also, the differential in interest rates with the United States adds weight to the Canadian dollar. The BOC policy decisions are not helping.

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Technical Analysis is about trading with the trend

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2025 TradeOnline.ca