Long hiatus from crypto... I've reentered the asset class and the current risk/reward odds here is a buy. - breakout $1700-$1750 zone + retest of resistance-turned-support - weekly hammerhead + confirmation candle - macro environment suggests sentiment leans towards dovish fed in short term - 3 quarters of fed tightening undone in just the last week ($500bn...
RBLX today (aug 23) has broken the daily SMA 50-200, where the price has been trailing under for the last 9 trading periods. Watching tmr for a break of $85, thin resistance up to the ATH may lead to a gap up if the overall market holds. Key targets are the fib golden pocket at $90, as well as longer term $100 PT for ATH. These are supported by massive OTM call...
Apple completed the 1-1.618 fib ext to $150. May see an exhaustion push up to $154 first, but dependent on overall market conditions leading up to earnings.
China is in dire need of new planes for their aging fleet, domestic options are too risky and would cripple any longer term visions on a Boeing/airbus competitor. Stock price jumped at EOD on the rumor, prompting an official response from a BA spokesperson giving some credibility to the rumor. Target 248 at gap close, watch premarket tomorrow closely for...
Technicals: 1-1 Fibonnaci extension from May low to Jun high has nearly hit the 435 target zone and is now ready to pullback or at minimum consolidate above the previously broken rising wedge. During the previous Friday close, I noted that on the lower timeframe VIX rose with SPY during the end of day rally. Concerning bearish megaphone (red) forming, aligning...
Near Term: - VIX futures trading close to 52wk low. - AMC short/gamma squeeze 4 days in a row. - DXY flashing reversal signs. - BTC and ETH has room to drop further (with accompanying capital flight from equity markets). - Lizard people expected to announce some change in current policy at June FOMC meeting. Similar setups as the friday before Memorial Day...
VIAC part of the forced liquidation event, MS announced yesterday there are no more blocks available for sale. Positioning today in $60 calls Apr and May. $61 8EMA on the 1 day.
CPNG background - Amazon/Alibaba of South Korea, differentiating on the e-commerce customer service side, members have unique features such as a no box/label item return that can be left in front of one's home or apt (theft in general is rare in S Korea). Founder dropped out of Harvard, CPNG aims to offer the "least stressful path" and create a hyper convenient...
JETS and CCL are an easy trade to pre covid price levels, looking to mirror energy and financials for this trade. LEAPS with strikes at march 2020 prices.
10 Year note to 2 by end of year, mid to long term bearish outlook on 20 year.
Nice accumulation for a big move. Going in with call spreads
QuantumScape is the golden grail of lithium batteries, being the major player in developing solid state battery tech. It also has established names behind it such as Bill Gates and VW with a 35% stake. This working partnership allows us to overlook their dismal revenue forecasts as profitability will follow what is set to become a game changer in many industries...
Canoo has been the primary EV consultant to Hyundai, which enjoyed a 30% rally based on Apple partnership rumors (which they had to backtrack, as apple does not like to talk about ongoing development). If a partnership is made between the S Korean automaker and apple, Canoo is set to benefit immensely from either 1) Partial, indirect partnership with Apple via...
Adding to shares from previous analysis, 2021 will be a good year for DKNG relative to other spacs.
SPCE has been at current levels since the failed test flight in December. However, the engine failure did not result in any deaths and rather tested the safety features in a real use case. They have yet to announce another test flight but its expected within 1-2 months at most. Price action has held the fib golden pocket and consolidated up to the ichimoku golden...
Potential bottom at $21-22, rejection of the 0.618 golden pocket fib for a move up out of the falling cone. Double hammerheads on the daily as well. May see consolidation up to the ichimoku cloud for 1-3 weeks before a significant move up, similar to SPCE price action in the last month.
Dead cat bounce since Dec 28, trailed down to 15.13. Found support from a previous spike high coinciding with ichomoku cloud on the 4hr, playing with shares and a tight stop. Headline markets, announcement on the use of stimulus funds could be beneficial in finding a bottom.
Markets starting the new year on sale, this selloff was expected with tax considerations from last year's gains. Move down was compounded by Georgia senate elections with a result expected by Thursday open. Markets do not like binary catalysts, when they do happen I see opportunity. If Dems win control of the senate, my 2021 outlook will change...