SQQQ on the 15 minute chart has trended down into a reversal at the end of the last trading session. A snapshot of the 3 minute chart inlaid shows a reversal about 14:45 EDT 75 minutes before market close. I took a long trade of shares and call options striking $10.00 for June 14th at that point. I am expecting a 5% quick return on the shares and far more on...
This is my analysis for SPY for this coming week. I have clearly explained the levels and my intentions. Let me know if you have nay doubts. NOTE:WE ARE BULLISH
SPX into monthly resistance. NVDA carrying the market as other semis lag. Oil reversing off support...trying to breakout of falling wedge. Yields quietly moving over the CPI dump last week. over 55% of the S&P500 companies trading below the 50day.
AMEX:TAN ETF looks like it has started a nice move. I got in on this one May 9th as it broke above the downtrend line for the second time since the gap up May 3rd. It came close to stopping me out on May 21st, but it held above my stop. I was rewarded on May 22nd with a massive volume surge, due in part by the big move on $FSLR. It looks to me to be at an area...
NASDAQ:CSLR I have been long this for about 2 weeks adding along the way. This is a complete turn around play as there is a new CEO, COO and management team appointed. They have managed to renegotiated debt structure, most for equity swaps. This is one of my rare situations that I have not set a stop as this could be a wild ride. So far, on average I'm up over...
My dear subscribers, This is my opinion on the QQQ next move: The instrument tests an important psychological level 458.03 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 442.80 My Stop Loss - 467.33 About Used Indicators: On the...
QQQ - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short QQQ Entry - 458.03 Sl - 468.73 Tp - 438.87 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Tower Top Breakdown in the works. Seems like whatever or whenever it happens, it will be close to next Friday. Remain Bearish unless new highs are established. Seemingly easy Trade here. MACD in same positioning as well as RSI. Seems like WMT doesn't get much volume in general. Not necessarily a bad thing. Options could pay well here.
SPX is heading to new all time high by May 21. Invalidated if breaks below Apr 19 low.
Markets Sold off: IWM (Small caps) underperformed. Most commodities hit on the downside: Gold, Silver, Copper, Oil Natural Gas surging & squeezing NVDA pumping on earnings: Our SOXL calls will print. SemiConductors i'll be trading tomorrow. NASDAQ:ON , NASDAQ:SMCI , NASDAQ:ARM
Price target of 480 - 520 by 2024 year end, bullish on US tech
A deep correction from here could allow us to reset before making a true generational market top. I will elaborate more in attached posts, but just a possible idea for price path from a 3-5 year perspective.
As you can see, the S&P 500 index closed at a higher price on March 2nd, 2008 than it did on August 1st, 1996. However, it closed at a lower price on March 1st, 2000 than it did on March 2nd, 2008. This means that if you had bought the S&P 500 index on August 1st, 1996, you could have bought it again on March 2nd, 2008 for slightly cheaper. However, if you had...
NASDAQ:TSLA I had an alert set on the Area of Resistance Line on this chart. It triggered this morning and I have taken a ½ size position in anticipation of that becoming support. I do not know if it will play out that way so I have a stop under the 50 DMA (red) which would a 4% position risk. Should it move up and over the resistance area I will look to add. All...
NASDAQ:PYPL Clearly seems to have a lid on the upper end near $68. However, looking at the chart we have a series of Higher Lows beginning in February. There is a good chance that it will have a move to retest the $68 area. All TBD. I have an alert set just over yesterday’s high of $64.43. Should that trigger, I will open a position with a very tight stop just...
I have called a couple real big pattern moves on #Netflix so on todays mega rally I take a quick look at the potential price projections that may or may not end up occurring I am not a guru or price forcaster i just draw lines on charts like always Your Risk Your Reward But i am someone who does highlight Risk i.e. downward prices when I feel/see that...
simple price action here, 4h macro structure broke to the upside with the 1h flagging at highs. Don't let it fool you though... this play could Boom OR Bust. Size accordingly.
AMEX:XBI Firstly, I may have an unhealthy attraction to this ETF. I have been in and out of this ETF a number of times over the last few months and overall, just a few $ profit. Having said that this has been basing Since January 2022. The longer the base the bigger the break, or so the Wall Street Axiom goes. It did breakout in February 2024 and quickly failed...