Trader_Mayhem

Trader_Mayhem

SPY broke a major trend dating all the way back since the rally began. Recently I've been bullish on stocks such as Amazon, but SPY does not look good here. Let's see if I'm getting faked out, or if we see further downside.

Trader_Mayhem

AMD is getting very tight on the main trend and on the RSI. I think a big move will be coming soon. Question is... which side will crack first? Not financial advice, good luck to all :)

Trader_Mayhem

We're approaching a strong trendline here on both the main chart and the RSI. I think we get a bounce here, but keep your eye close to the trend incase it breaks. Not financial advice, good luck to all :)

Trader_Mayhem

MCD broke it's trendline and I believe is re-testing support before another leg up. Not financial advice, good luck to all :)

Trader_Mayhem

I'm a big fan of Costco, but it's trading at 40x and I think the 560 are warrants a pullback. not financial advice, good luck to all :)

Trader_Mayhem

Hi everyone, when zooming out and looking at the bigger picture for Disney, the area of 79-80 puts us right at the golden pocket dating all the way back to the year 2000. I think the risk is minimal at this level and the reward can be very nice. Keep in mind, this is A 3 MONTH VIEW CHART. What I'm trying to say is don't expect to get rich over night.

Trader_Mayhem Updated 

NVDA underperformed the market today, but the earnings and guidance were just too good to ignore. Especially, when their customers are Google, Microsoft, Amazon, and more... I think this stock will test $500 again in the future

Trader_Mayhem

the trendline lines up perfectly with the 0.5 fibonacci retracement to 246, before a continuation down. Not financial advice, good luck to all :)

Trader_Mayhem

The market has been on a tear recently, so a pullback or a small correction is expected. Combining the Fitch downgrade with the Apple earnings not blowing people away, there's a sense of panic in the market now. The truth is that earnings (for the most part) have been better than expected, and the probability of a soft landing is increasing with each passing...

Trader_Mayhem

Dividend stocks like Pepsi can be viewed by many as a defensive stock in a market that's looking to correct, or if a recession is on the horizon. This pullback was expected, but I expect to see 190+ from here.

Trader_Mayhem

NASDAQ:MSFT is down 4% today after a beat on top & bottom line. Fell right into the trend line range and I think we move back up from here. Not financial advice, good luck to all :)

Trader_Mayhem Updated 

With the move today of NYSE:DE approaching the levels of $422, I think the upside is minimal when compared to the potential downside here. 1)I see a trend line approaching 2)I see a resistance crowded area here 3)I see a bearish Cypher pattern forming that might take it to the $390 area. Not financial advice, good luck to all :)

Trader_Mayhem

I believe we have strong support around $58 for this dividend stock to bounce back. Not financial advice, good luck to all :)

Trader_Mayhem Updated 

$167 is a very clouded area for JNJ. Watch for the MACD to cross bearish before a leg down

Trader_Mayhem

Target has obviously taken a beating for reasons that shouldn't need explaining. However, I do believe that the bottom base is between $128-$132 which it could reverse from. Keep in mind: bottoms can take weeks, if not a month(s) to form, so there needs to be patience here. Not financial advice, best of luck :)

Trader_Mayhem

I believe shorting Roku at around the $58 area and being patient will be beneficial. I think it will see the 40's again with patience. Not financial advice, good luck to all :)

Trader_Mayhem

Lulu obviously crushed earnings and the stock took off to the upside. But…. Keep an eye out for this trend line. If we get a clean break, we may go down quite a bit to fill the open gap. MACD also showing that we’re getting close to turning bearish. Not financial advice, good luck to all :)

Trader_Mayhem

QQQ has been on a very good run so far in 2023 as part of the tech rally. Personally, I think this rally got ahead of itself and QQQ will retest FWB:304