This is what I am hoping to see with QQQ (And with TSLA). I am extremely bearish, but short term bullish, especially since we saw that massive dump last night with the war news announced. I wanted to be short today, but with that RSI and those huge gaps, there was just no way short was an option. So I ended up longing this. I am out of all positions though and...
So TSLA finally broke below ascending support. As I am still in the works of trying to develop a quantiative model for TSLA that works (its a hard task, I think personally because TSLA is retail traded a lot, it likes to follow technicals more than quants), I am going to resort to a technical view. However, I have had some success in using volume as a way to...
Hey Dudes and Dudettes, Just a quick update. Shocker, we had a gap up at EOD and now people are again screaming long. Weird. The aggressive gap up we had at EOD today was, surprising, but expected and operated well within predicted guidelines. Biden gave a speech, which generally acts as a catalyst, and once the negative results of that speech really sunk (and...
Hey All, So MSFT has been on my watch list. I love the stock and have been meaning to attempt to map it out quantitatively to see if it would be a viable option for my quantitative strategy. I just finished back testing today and, its a go!! Very happy about that. It actually honors the math predictions fairly well, almost as good as SPY and QQQ which is...
Hello All, Here are my thoughts on SPY's Trajectory based on where we stand now. For you technical cats out there, I have included some basic technical analysis to my traditionally quantitative approach. Let's start with technicals and where we stand now. Thursday was a pivotal day. We saw a break away from that neckline consolidation and an open below the...
I am honestly not sure what to expect from TSLA on Monday. TSLA is a hard duck to crack. It doesn't follow my calculations well and its so heavily retail traded that makes it really erratic and more favouring of the technical side than the quanitative side (which I trade). HOWEVER, I have noticed an interesting observation with TSLA from my stats analysis. So...
BA has been my saving grace this week. It has traded hard sideways with huge moves in both directions. It has been great to scalp both the long and short side! And after taking a hard loss today on Elon's trash stock, it was able to dig me out of that hole. But unfortunately, I think the jig is up. Its flashing bearish signs everywhere. On the daily chart we...
Decided to do a video on this one to save time. Looking like today is going to be heavy. Be careful everyone! And trade safe!
Are you all loving these games? I know I am not. Let's recap and analyze. Make yourself comfortable. Grab a glass of wine and some popcorn because this is a long one! First off, let's review my trade today because it was bad: Today was kind of messy. I anticipated some pull back this morning which we got. I completely forgot about the FOMC minutes being...
Here is my recap for QQQ today and what to expect. Recap: Today was great. I always like a nice start to the week! Usually Mondays are either fantastic or miserable and it sets the mood for the rest of the week. Today, its setting the mood for a good week *knock on wood*. So my levels for today adjusted for QQQ open (calculated by hand) were: High:...
So, this is my final update for BA. I have run the numbers (which I hadn't before previously posting). I am now regretting that scalp. I should have just held. This thing is going to tank. There's just no other option at this point. No matter how I run the numbers, no matter how far back in stock data I go and how optimistic I try to make the data (I went up to...
A little intra-day update for SPY. As anticipated, we had a nice relief bounce. Congrats to you intra-dayers who got long this morning. I played QQQ and TSLA to the long side. Was waiting for an intra-day short entry for SPY. However, SPY is incredibly weak still. So based on SPY's open price, I calculated a predicted high today of 441.92. Like I have said in...
One of the, imo, most politicized stocks is ARKK, so I am excited to tackle this one! The relationship between PRO-ARKK'ers (my term) and Anti-ARKKER's is similar to that of the relationship between democrats and republicans. You love it or you hate it, and you vehemently oppose the contrarian to your views. But we need to have a discussion about ARKK and its...
Oh Snap, anything if not predictable. Done this song and dance before with SNAP, especially around earnings time. Can you see it? If not, check out the hourly chart and it will become clear. If we can manage to open around 39$, we will likely retest the 40s zone. From there is where I will likely enter short. There is the possibility it could retest 44 (I...
BA seems to be struggling with that descending resistance, as expected. Unfortunately, I think there is more working against BA than for BA at this point. Looking like we are entering a bear market, BA in general being a stock to quickly sell off also doesn't help (meaning those who are invested may be more likely to get spooked and sell). I haven't actually...
So today went as predicted. Congrats to all swinging short positions! But if you are not already short, it might not be the time to jump on the short band wagon just quite yet. I see SPY being tricky, tricky, tricky and playing its games again. I have posted my forcecast data chart on the candlestick chart. Its a line graph that I generate with SPSS computed...
NVDA is trading incredibly strong. In fact, it is the strongest stock that I have been watching in this crazy market thus far. It is still poised to breakout of that descending resistance despite that damning news of CPI , and it has managed to hit my forecasted targets and maintain itself in its predicted range. Today, my predicted levels vs. actual were: High:...
SPY and its gaps. But I anticipate this newly created gap being filled by tomorrow. SPY has officially double topped as I anticipated. This gap up was right on time actually. Had SPY taken its sweet ass time going up to make this double top, it wouldn't have likely been able to create this strong technical pattern to signal its impending fate. The reason,...