I thought it would be fun to post something to illustrate how my predictive modeling systems can help to identify and predict future price swings/sizes and opportunities. This AMZN chart shows predictive modeling targets and dates going out about 30 days. This model was generated by one of my most advanced modeling tools. It maps the technical and price DNA of...
Despite a 36% dive, $NFLX can fall another 29% and still post a small gain for the year.
Given rising volatility and a broad-market correction, a short position on Netflix could be a good idea.
A bearish strangle with expirations on DEC21 is what I'm currently holding. The possibility for an end of year rally is still there (hence using a strangle for...
$GOOG has now dropped over 20% since its July high, bringing the stock into bear market territory for the first time in 7 years -- since August 2011 (both time periods marked on chart.)
I remain bearish on Google for the remainder of 2018. Macroeconomic conditions and trade tension combined with an over valued market and much needed correction in the technology...
My analysis suggests that the Technology Sector is set for a massive upside price advance in the near future. My other analysis suggests the US stock market could begin another massive upside move as well. I believe the Technology sector has been push dramatically lower by fear and missed earnings data in relation to the recent Q3 earnings cycle. I believe many...
Since its highs 2 months ago, the price of Facebook has declined about 36%, which is almost 1/3 of its value.
This is surely not a good sign.
To make things worse, the probability of further decline is pretty high.
After forming a double top (it could also become a H&S instead if it forms a right shoulder), the price has also broken the neckline, which by most...
Take a look at its 720% surge since 2016.
Now I know you might be thinking: Stephen, this stock has already had a heck of a run… why buy it now?
I understand the concern.
But when investing in truly disruptive companies , this way of thinking is often a mistake.
From 2009–2013, Amazon (AMZN) stock gained 680%. Most so-called “experts” said the easy money had...
Implications and Outlook
The NASDAQ completed its inner Index Rally 7665 and it is posed to test the Mean Support 7532 , while additional Mean Support 7414, 7352 along with Key Support 7194 is resting below. On the upside continues retest of the Key Resistance 7660 is keen.
SQ 4hr chart equilibrium break will give direction for the coming week - breaking up above 92.39 increases confidence in continuation to new all time highs this week, and a break of 89.31 will have us looking to test 83.34 as a daily support. The weekly chart is getting extended with 6 green weeks in a row and a bearish reversal spinning top doji on declining...
Alibaba Group Holding Ltd. NYSE:BABA reported fiscal first-quarter net income of $1.31 billion.
On a per-share basis, the Hong Kong-based company said it had profit of 50 cents . Earnings, adjusted for one-time gains and costs, were $1.22 per share.
The results just fell short of expectations .
The online retailer posted revenue of $12.23 billion in the...
Hello Traders,
In this Elliott Wave analysis, we will have a look at the Technology ETF.
The ETF ended the cycle from 06/28/18 low in red wave 1 at the peak of 07/25/18 (74.26). The internals of red wave 1 unfolded as a 5 wave Elliott Wave impulsive structure. Where black wave ((i)) ended at 06/29/18 peak (70.08), black wave ((ii)) pullback at 07/02/18 (68.73)....
The day after earning I sold 160 strike naked puts for $2.74 credit each. These options have a 30 delta at the time. This is a neutral to bullish strategy. The idea behind this trade is a contrarian play into high implied volatility. The idea being that after such a massive selloff the bears will exhaust soon and we will see a pop in price and volatility will...
