AdvancedPlays

AdvancedPlays Updated  Apr 7

The uptrend from the 2022 low has finally been broken and we also have a shorter term bear flag that has developed since the break as well. I'd consider this a very significant break that will likely lead to a move down to $405. We may see some relief there, but I expect that to break eventually as well which should lead to a full retracement back down to the 2022...

AdvancedPlays Updated  Apr 4

NVDA finally broke down below its major uptrend it has been in since February 2024. It did move below briefly recently during the DeepSeek sell off, but quickly reclaimed. This time it has fallen much farther below so I'd say it's a bit more concerning for bulls. It did bounce and hold right around that low it made the last time it broke, but this looks like a...

05:43

AdvancedPlays Apr 3

IWM is the first of the major averages to enter into a technical bear market after falling over 20% from its recent highs. QQQ will likely be next followed by SPY. I think there's good potential for a short term bounce around this area, but I believe there's a lot more trouble ahead in the medium to long term and it could accelerate quickly if we don't see any...

AdvancedPlays Mar 31

VX is back up near an important resistance level here around 22 after breaking out of its descending channel. This level goes back to September of last year and has been unable to sustain above on its one breakout earlier in March. We'll see if its able to break and sustain this time or not. it could lead to a bounce on the major indexes, but look out below if...

AdvancedPlays Updated  Feb 28

My personal sentiment for the market overall right now is bullish for the shorter term, which you can probably see in my ideas the last few weeks. CPI is tomorrow and there's strong potential for downside, so I'll make one bearish idea for the top 5 this week. AMD has been the red headed step child of semis this year, kind of sad to see. Now it has a major trend...

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AdvancedPlays Feb 27

A review of my trades from The Leap trading competition. I go over some things I think are important and useful for those struggling to achieve consistent profitability. I also give a brief preview of what I expect for tomorrow after PCE is released. I think tomorrow's action will be very important and we're at a critical area that will likely lead to a large...

AdvancedPlays Updated  Feb 25

MSTR is finally beginning to fall now, about 45% off the ATH from only one month ago. We had a good example of what buyer exhaustion looks like with the dramatic reversal and volume spike at ATH. It has been rolling over ever since but finally broke $371 and accelerated. Now I'm watching the gap fill just below $280 for a target. Next would be all the way back...

15:22

AdvancedPlays Feb 23

A continuation of the last idea I posted going over some of the stocks and charts I find most interesting, looking at both the recent past and present/future. Names included are: AMD, XRP, BTC, MSTR, PLTR, CVNA, GME, and Gold.

09:50

AdvancedPlays Feb 23

A look at the major indexes for short to medium term action along with a recap of some previous longer term ideas I've posted over the past 8-9 months or so. This is part 1 going over ES, NQ, VX, TNX, and NVDA. Part 2 including AMD, XRP, BTC, MSTR, PLTR, CVNA, and GME coming shortly.

AdvancedPlays Updated  Feb 12

I think I've made my point with my thesis on interest rates, but I will continue to beat this drum until something breaks. Something is going to break soon. The market is fighting the fed ever since they started cutting and the market is calling out Powell's rate cut nonsense. They cut by 100bps, but yields went up 100bps. This is very concerning and we've seen...

AdvancedPlays Jan 13

Here's a one month chart for SPX. We have a giant megaphone that started at a peak near the beginning of 1973 and the bottom in 1974. This will obviously take a while to play out, but I truly believe the black swan event and major crash I've been warning about will happen very soon. 2025 will be the beginning of a time of great tribulations for all of us on Earth,...

AdvancedPlays Jan 8

Similar to SPY as you would expect, nice move up off of that lower trendline, would be looking pretty bullish if it can breakout here. Choppy waters for now, but should be a good move when it breaks. I'm leaning bullish but not if we break down below the wedge.

AdvancedPlays Updated  Jan 8

I actually have not traded PLTR much during its recent bull run like I should have, but I think this actually looks pretty good for a short opportunity. Fairly clean megaphone here which is not what you want to see up here near ATH. It's holding horizontal support and the lower end of the megaphone for now. Watching for a break below for a short on a retest or...

AdvancedPlays Jan 8

Here's a shorter term chart and some potential paths for tomorrow. Nice little falling wedge/triangle. A break above should lead to a move back up to $591.30 and $595-$596 and maybe even up to the $600-$601 area. Downside targets would be $585 and the election gap fill. I'd consider it bullish above $591 and $596. Bearish below $585.

AdvancedPlays Jan 7

Silver broke below its 10 month uptrend recently after a somewhat questionable H&S. Either way, bearish look if it can't reclaim. I would consider this a major area, will be looking for short entries on the retest. If it breaks back above, there's also another potential short entry slightly above on the test of the neck line. If it reclaims both trendlines, this...

AdvancedPlays Jan 7

It looked like MSTR might go all the way down to fill the gap near $270, but not quite. Strong recovery and a reclaim of $371. Will be looking to open some longer term puts on this if it goes up for a test of the trendline above that started in November. Looks like a good setup and there would be tight risk on the entry if it hits, not gonna stick around on this...

AdvancedPlays Jan 7

This was a stock that I missed out on in 2021/2022, it was a very obvious short and I didn't take it. Fell from $375 all the way down to $5. Now it is giving us all another chance, many reasons to be short on this stock, but the latest Hindenburg report makes it even better. Watching for it to break below its channel, ideally it would come back for a retest for...

AdvancedPlays Jan 6

I had been watching this when it had a nice breakout up to the $100 area, but it weakened quite a bit as the market sold off and gave up $94. However, now we have another descending channel breakout that looks better than the last one that was shorter term. Looking for it to reclaim $94 for a long confirmation, first target is up to the recent high near $100.