DiscoverGold
3 days ago
Example of a Symmetry Setup In GOOGL
By: Carolyn Boroden | December 13, 2024
GOOGL is a good example of one of the three trade setups we look for every day in our service: 1) Fibonacci Price Clusters, 2) Symmetry Setups and 3) Two-Step Pattern setups. Read more about the 3 Setups here.
This was actually a symmetry setup. There were a couple of standout zones we were watching on the way down in GOOGL last month, and the first one illustrated at the 162.94-163.72 area. These projections came from prior declining swings that were projected from the high at that time.
That zone was tested and GOOGL held above it, so we looked for a buy trigger. It came in on a 30-minute chart around the 168.77 area with the 8/34 ema crossover. From this setup zone GOOGL rallied $31.91, and if you used a tight stop you are now out of this setup.
Keep in mind that not all setups will play out, but our risk is defined. For example my recent setup on IWM did trigger, but then we had a failure when the original support was violated. Remember to be disciplined!
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DiscoverGold
1 week ago
Google’s quantum computer takes major leap forward
By: Cosmos | December 9, 2024
Researchers at Google Quantum AI have managed a new milestone in quantum computing, with chips that can correct errors below a “critical threshold”.
The team has published a description of the error-correcting chips in Nature.
“It’s fair to say that this is the most significant demonstration to date of quantum error correction,” says Professor Stephen Bartlett, a quantum physicist and director of the University of Sydney’s Nano Institute, who was not involved with the research.
Quantum computers promise to be an order of magnitude more powerful than classical computers at solving certain problems.
Where classical computers use bits of information to compute, quantum computers use qubits, which can hold and process far more information.
But existing quantum computers are, for now, proof-of-concept: they’re not yet usable for any practical applications. That’s because they’re extremely vulnerable to noise – even tiny fluctuations in the quantum computer’s environment can cause huge numbers of errors in the qubits.
Researchers have been working on ways to manage these errors, and a particularly promising method is “quantum error correction”: spreading information over lots of qubits to identify and compensate for errors.
But adding more qubits also adds more errors. Researchers have been trying to build a quantum computer that can correct more errors than it introduces – this is called the “surface code threshold”.
“Many research teams and companies have been working towards a demonstration of this type for a long time,” Bartlett tells Cosmos.
“It’s all about showing that quantum error correction, something that is key for quantum computing, can actually work in practice.”
Google Quantum AI’s paper represents the first quantum computer to pass this threshold.
The team used their newest generation of quantum chip architecture, called Willow, to build a 72-qubit processor and a 105-qubit processor.
They could run code on the quantum computer for 1 million cycles, over several hours, while error-correcting in real time.
They were able to lower the number of errors while making the computer more complex, which demonstrates that they’ve passed the threshold.
“There have been a number of previous results which have demonstrated aspects of quantum error correction,” says Bartlett.
“However this is the first demonstration of the essential ingredient, showing that if you increase the size of the quantum code, things actually get better.”
“Our results present device performance that, if scaled, could realise the operational requirements of large scale fault-tolerant quantum algorithms,” write the authors in their paper.
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DiscoverGold
4 weeks ago
Google Must Sell Chrome, Exit Browser Business for Five Years, Prosecutors Argue
By: MT Newswires | November 21, 2024
Alphabet's GOOG Google must sell its Chrome browser and take other major steps to end its monopoly on internet searches, the US Justice Department and a group of states said in a filing on Wednesday.
Google denounced the proposed measures as "extreme."
Among the proposed measures for ending what a judge has already ruled was Google's illegal monopoly on general search services and search text advertising were selling its Android operating system and being barred for five years from owning or acquiring any investment or interest in any search or search text ad rival, distributor, or query-based AI product or ads technology.
"Google's financial entanglements with current or future rivals risk compromising the proposed remedy," the prosecutors said in the filing. "Investments in or acquisitions of potential rivals would stifle emerging competition or reduce their incentives to challenge Google."
Other proposed remedies include disallowing Google from cutting deals with manufacturers to set itself as the default search engine in devices, forcing Google to increase performance and price transparency to advertisers, ordering it to share data with rivals, and barring it from making exclusive deals that hurt rivals.
Google said in a post that the Department of Justice "chose to push a radical interventionist agenda that would harm Americans and America's global technology leadership."
The company said the "wildly overbroad proposal goes miles beyond the court's decision. It would break a range of Google products - even beyond Search - that people love and find helpful in their everyday lives."
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DiscoverGold
2 months ago
Should you buy Google $GOOGL here?
By: Intelligent Investing | October 31, 2024
• Should you buy Google here?
The Elliott Wave shows what counts best as nine waves lower from its ATH in July to its September low, which is an impulse.
With today's pop, we still only have three waves back up, which is corrective, where 3=1 (a=c) at the 76.40% retracement level of the 9-wave decline.
Meanwhile, our Magnificent 7+ Trade Alert Service went long #GOOG on Monday, sold 1/4 of the position at the close yesterday to reduce risk, and will sell another 1/4 AMC today while raising stop to entry on the remaining 1/2: winning trade. Easy as 1-2-3.
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DiscoverGold
2 months ago
Alphabet (GOOGL) Stock Pops After AI Boosts Results
By: Schaeffer's Investment Research | October 30, 2024
• Alphabet stock is surging after beating third-quarter earnings estimates
• The stock's options pits are brimming with higher-than-usual activity today
Shares of Google parent Alphabet Inc (NASDAQ:GOOGL) are on the rise today, after the tech giant beat third-quarter earnings and revenue expectations following a 35% rise in cloud revenue. The company's cloud division saw a boost from artificial intelligence (AI) buzz, which has, of course, been a long-term focus. In his remarks, CEO Sundar Pichai said AI investments are "paying off."
At last glance, GOOGL was up 5.6% at $179.20, earlier as high as $182.02, with the stock jumping $150 billion in value straight out of the gate. Today's bull gap has shares breaking above the $170 level, which acted as pressure since early August, after they yesterday closed above the 100-day moving average for the first time since then. Year to date, the equity is up 28.3%.
The stock's options pits are buzzing even more than usual today, with 357,000 calls and 171,000 puts exchanged so far -- more the double the usual daily volume. The weekly 11/1 180-strike call is the most popular, with new positions opening there.
This bullish-leaning sentiment amongst options traders isn't unusual, as calls have been much more popular than puts over the last 10 weeks. This is per GOOGL's 50-day call/put volume ratio of 2.98 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks higher than all other readings from the past year.
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