cblewis_78

cblewis_78

APPL Post earning this Wed (27 JAN) at closing. Current Price: $139.07 Expected Quarterly Earnings: +11.2% Expected Quarterly Revenue: +11.8% Stock price at the top of a rising triangle. A break through better than expected earning and revenue could capitulate apple to new highs. Target is top of 1 standard deviation $147 (+$8.00)

cblewis_78

Hope everyone is staying safe... Defeat the invisible enemy by giving it nothing to attack! OK... on to what we all came here for... Was March 2020 the bottom and now we are back on the bullish track...? In the words of Lee Corso, "Not so fast my friend". Lets take a look: There are three scenarios brewing with the front end already in play for each. As of...

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Been a crazy ride but I'm back... First off... be safe out there. This virus is a real threat to society so protect yourself and beware. While a legit threat to people around the globe, the Coronavirus scare was the catalyst the market needed to reverse its overbought conditions and trigger the much needed market corrections. I know you hear your television set...

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QQQ is seemingly making its move South. Technicals are trying to confirm but have not as of close of market Friday. NQ futures tonight however are off to a downward start 3.5 hours after open today. Now we must wait and see how future finish over night and how the market opens tomorrow am. What to watch: As mentioned, how NQ future react overnight will give a...

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Great drop off to start do NQ. Very early only 30 minutes in. continue to watch

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We are back... QQQ made an initial push to the South but is this push sustainable? Tonights futures seem to be caring on from todays move down and is at 9pm EST negative. If it can hold through the night, it is a high probability that the price action will make its way down to earlier suggested levels. What to watch: The MACD has give us a solid solid cross...

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Nothing Significant to Report Price closed just $0.28 above our upper target. We wait til tomorrow to see if the price action continues to respond to this level.

cblewis_78

Still maintain QQQ is well over due for a correction despite this upward trend being very resilient. Technicals post market are giving mixed signals so lets recap. With QQQ sitting at All Time Highs (ATHs), and no overhead line of resistance. We switched to Elloitt Wave Theory (EWT) to project a potential top side limit of advance. Turns out our upper target of...

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While QQQ is well over due for a correction, this upward trend has been very resilient. Always wait for breakouts and head the caution tap at the bottom. What to watch this week: The MACD is not giving us a solid trade signal but is currently still in the positive position and above the zero line. The EMAs similar and are still in a positive upward position not...

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Last week ended w/QQQ returning to an inter-day break above All Time Highs (ATHs) before closing Friday below the previous ATHs. What to watch this week: The MACD is showing the upward momentum weakening. The EMAs are beginning to curve down. QQQ on the 1 hr chart is increasingly losing momentum and EMAs crossed down which suggest the near term will be to...

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Not much of significance today. Price gapped up but quickly retraced below the previous resistance line of 228 to final close today at 228.25. Tonight adjusted the resistance to close. The MACD is still in a positive position but the MACD histogram is showing signs of weakness. Well QQQ took route three in a very aggressive way. As always, ensure you read the...

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Well QQQ took route three in a very aggressive way. As always, ensure you read the analysis in its entirety and take heed to the line to watch. Recap... QQQ Gapped up above the resistance line of 222.75 and 225.15 and as suggested gave way to a rise to new All Time Highs (ATH). What to watch: With the breach to new ATHs, there is no overhead resistance. The...

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Super Bowl Sunday sidelined my post leading into the week QQQ still sits at a crossroads... The levels to watch the past couple of weeks have largely been just that ... key levels that when the price approached, it reacted appropriately as support or resistance. $222.75 a key level halted QQQ's rise today as price action maxed out briefly at $222.88 but quickly...

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More to come on Sunday but.... While leaning towards an upside trend on news of Amazon, nearly every other Tech stock fell pushing QQQ down. QQQ had a small gap up at open but quickly fell giving credence to the horizontal resistance line from close of market Thursday. The price action took the route 3 after debunking route 1 which was the lean but not confirmed...

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Excerpt from yesterday's post: "1) Preferred: Price breaks down and price action bounces off the 219.30 support line and rallies back to all time highs 225.15 I lean to preferred #1 due to Microsoft strong performance and an expected strong performance by Amazon earnings enticing investors to buy and drive the price up before and after earnings on Thursday and...

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Another interesting day... Facebook played out less than desirable but the writing was on the wall. FB expected to and did beat earnings but not in an impressive fashion. Revenue growth was up a whopping 25% year on year BUT cost and expenses rose a stunning 34%. In the post market session, FB fell by roughly 7%. We will see how this shape the market....

cblewis_78

Another interesting day... Facebook played out less than desirable but the writing was on the wall. FB expected to and did beat earnings but not in an impressive fashion. Revenue growth was up a whopping 25% year on year BUT cost and expenses rose a stunning 34%. In the post market session, FB fell by roughly 7%. We will see how this shape the market. Conversely,...

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Since Sunday ... ES has followed suit pretty well. Slight dip below the 3255 Support but rose above and tap the upper level 3290 as suspected effectively closing the gap from Monday's gap down. Also, we predicted early that the closing of the gap was likely. Notice the 4hr chart momentum on the MACD shifted as suggested and is now curving down which may indicate...