ATX2014

ATX2014

Hey traders, MSFT has been tanking the last few days. Unfortunately, I don't think it's going to stop until we hit the 200-price tag. MSFT is in a downtrend like the rest of the market. RSI & MACD are both in a bearish divergence. MACD just crossed the 0 plane into negative territory. With important economic news coming up in the next few days, I think MSFT...

ATX2014

Hey Y'all looking at the spy after the trading day today, I could see what to me looks like a bearish flag. Not sure when the spy is going to break to the downside, but it will happen soon I believe. The MACD is also in a bearish divergence trend currently. BIG cap company's like TSLA, APPL are going to cripple the SPY and QQQ. Earnings haven't taken interest...

ATX2014

Hey Everyone, The market has been doing so crazy things the last year. Here is a company that seems to be handling market turmoil well. BSX has recently retraced from the ATH of 47ish @ share. My personal view of BSX in the next couple of months are the following. in the next 2 weeks I anticipate that BSX will retrace to the 43 @ share level. I judge this off...

ATX2014 Updated 

Hello Y'all As you can see, we have hit the top of the downtrend which occurred on the 1st of December. Mimicking the reversal of august. You can see that both initial pullbacks declined about 4.5%. It's too early to tell but I think that tomorrow will resume the downtrend at the latest next week on Monday. If you go to the 1hour time chart. The MACD is...

ATX2014 Updated 

Hey fellow traders, SO NVDA has been one of the most volatile " blue chip" stocks this year. NVDA has lost about 2/3 of its market cap. NVDA is also around a really strong support for it, that 115 area has been support is AUG 2020. Even though there is a lot of negative talk with semi right now, We are still going to need them, cars are still going to...

ATX2014

Happy Friday everyone, TSLA has tanked in the last couple of weeks hitting really low RSI numbers, as well as slipping just past the .500 retracement from ATH to covid lows. Could act as key support, could fall through. MACD is at a very bearish point also -19.5 for MACD line which is pretty low also it looks like it could make a cross over with the signal line...

ATX2014

Hello traders, more keep points were meet today one being a .500 retracement to the covid lows. Also if we manage to close this week above the (w) 200MA this will be seen as bullish. there is a chart going around I am sure many have seen it of midterm election years. the 4th quarter historically rallies. I know there are a lot of variables that are unique to the...

ATX2014

The XLE went on a rip your face off rally the last few days. 20 % in 10 days! RSI on the 1 hour reached some pretty over bought levels the past few days. The MACD also crossed over and is heading down. Still above 0 which is bullish but I don't think we will be there tomorrow. That level at 82-83 seems to be a pretty strong level of resistance. I doubt the rally...

ATX2014 Updated 

The SPY has hit some key levels. 1) weekly 200 MA was hit. 2) we are coming up on the previous length of the last long leg down. 3) its gone 17 % similar to last time. I am not saying it a bull market just short term rally to 0.236 fib level maybe 390 if lucky. There are some key job and inflation reports coming out next week. So we will see how that changes...

ATX2014

Watching how the market reacted in Sept says a lot. I think that 225-230 is going to be support for the near term. I think the market as a whole will rally due to the oversold positions throughout the market as well as other indicators. I think MSFT has a really good shot of testing 270 levels. will the possibility of going to 290. I am long term bearish, I just...

ATX2014

I know there are a million reasons to be bearish, and this is just an idea!!! remember that lol The main chart is stock below there 50 day moving average After today I am sure its about 2%. The SP has been in a down trend ever since Powell talked on the 13th I think it was. The SP is also coming up on the (weekly) 200 day moving average which is 358.19. I know...

ATX2014

Based on my limited knowledge. To me I see a brief rally to 377-380. the trend line on 15 min chart broke today with then end of the day rally. Even though we are below the highs of the 23 of Sept. I still feel with a bullish MACD and the massive sell off over the last few weeks that its reasonable to achieve 380. News in England as well with the pivot I am sure...

ATX2014

it looks like we might have a repeat of NOV 21- Jun22. even though the MACD is showing bullish crossover ATM. I think it will be brief and by next week when the FOMC meeting happens the market will react so negatively that it will effect TSLA as well as many other blue chip names. TSLA is also coming up on resistance at 310-312 I dont think with everything...

ATX2014

With CPI coming in hot and the fed having FOMC next week I don't see how they don't raise by 75 BP. MACD is in a downtrend, as well as the RSI being slightly oversold. This market is so unpredictable, the problem is its going to take time to see results from the rate hikes. I do believe the fed could over do it. for resistance and support it looks like 390 is...

ATX2014

Honestly Home Depot is at a pretty stable support level( at 300) that it hasn't broken over the last year... That's not to say that it wont break under. I think That HD will go back up to the 330-340 range within in the next couple of weeks. MACD is in a downtrend momentum but that can all change the market had some pull back the last couple of days after a...

ATX2014

There are still a lot of uncertainties with META. Right now its sitting at about 222 @ share. If you look at the MACD, you will see that the MA is above the signal line and it has passed the 0 line which says it has uptrend momentum. I think because of the ridiculous bull run we have seen in the market the last couple of weeks that META will get some pull back...

ATX2014

BLDR has pulled back to the 163/164 mark. The last two time it did this it bounced back and hit the 72-75 range and relatively quick. The MACD has it in a downtrend for now but I think if you can get this stock @ the 60-63 range you will be in great shape for a decent return in a few months. RSI has it on the oversold side slightly, the PE ratio is also at a 7.61...

ATX2014

As everyone knows by now apple is on a rampage through the market in the last 11 days it is up almost 19%. Its literally been 20 years since this last happened. Market historical theory tells us that a pull back to levels (lined in red), should happen up some point in the next couple of weeks. The ATH is 182.60 and to be honest I think its ill hit that level and...