AdvancedPlays

AdvancedPlays Updated 

I've posted some bearish ideas on silver lately with some longer term patterns that made me bearish before the recent sell off. It recovered some today, but looks like another good short opportunity to me. Here's a shorter term chart with an ascending wedge (an ugly one) and some levels. No guarantee it'll work again just because it worked for me earlier in the...

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Most of my ideas have been on the spot index for silver, but I use the futures to chart as well. Along with SLV, there's always another angle. I like the demand zone below for a short target..However, if it breaks above this trendline I'm gonna get out of the way,. It could go either direction at this point.

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Here's a cleaner ascending wedge than the one in the last idea and a path as well. I still consider this bearish as long as it remains below $30 regardless of the wedge, but it's another confirmation. If the $30 area is broken and holds on any retests, I'd say the trend will have flipped bullish and we'll have to see how it reacts when it gets back to the area...

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I took a short on SMCI today. I had posted a bullish and bearish idea for it earlier in the week. Neither of those have triggered yet. I took this trade because it failed at previous lows and a trendline shown here. My target would be either the most recent lows we made or the trendline support slightly below that. It can still breakout to the upside here as well,...

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AMZN had been forming a descending channel/bull flag and had a fakeout below, but quickly recovered and has now closed above. Looking like a great pick if tech stocks continue the bull run this week. My longer term target would be ATH, for shorter term, it may struggle at some of these previous highs.

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GME has struggled to maintain momentum lately, but it's a process. This week it has finally been building some solid strength. Some nice higher highs and higher lows for a change, rather than those impulse moves. Looking pretty great to go and test the week's highs and beyond IMO. Here's some potential bullish and bearish paths. Really like the way GME held the...

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GOOGL has been a strong name all year, in part because of AI hype among other things such as stock buy backs. It just broke out of a downtrend and I expect it to be a top performer if NQ continues to make new all time highs.

13:10

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Way too big of a loss to be taking in this account. Gonna have to settle down, hopefully I can recover by the end of the week.

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I'm still long GME, but it may fail here unfortunately. It'll probably need some time to cool off unless it can hold up here.

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YM has been fairly weak recently relative to ES and NQ. NQ is having a strong day, while YM is sitting near 0% change. Here's some paths for some potential entries with good R/R

05:31

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Had a great trade on silver and took profit this morning, but am also currently sitting on some fairly significant unrealized losses on QQQ.

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Silver was fairly strong today, even when ES and NQ sold off shortly after open. I had been looking for a short on silver since it broke below a major trendline, but this ascending wedge is a much shorter term pattern. It's always good to have confirmations on both longer and shorter time frames, so I like this setup. However, silver has been volatile and has the...

06:55

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Today started pretty well, but ended up with a small red day all said and done. Still have quite a bit of risk on going into tomorrow so we'll see how it goes. I'm remaining bearish until ES breaks above 5300.

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I think SMCI could easily go either way this week depending what NQ and NVDA do. So here's a follow up long idea to my previous short idea. If the market is bullish this could be a great long opportunity if it goes.back to test the trendline it broke out of. This area also has some previous lows for added confirmation. I expect good movement out of SMCI this week...

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Given the strength of NVDA and other semis, it may not be the best idea to try and short into that much strength, but this could prove to be a great short opportunity if NQ falls off. SMCI has broken a shorter term uptrend to the downside, so I'll be looking for short entries on a retest. There's actually two different trendlines it could hit at the same time...

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If ES can reclaim and remain above 5300, I'll be bullish. It could rally to tap this trendline/ATH and pullback before moving higher.

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If you've been following the GME saga you probably already know about DFV's YOLO post on Reddit. Just as folks were starting to think things might be over, GME had been quietly holding the $20 area and began making higher highs and higher lows leading into close last week. All while the options chain was continuing to be hit over and over by large 6/21 call...

10:34

AdvancedPlays

A video going over my thoughts and expectations for the week, I'll continue to post ideas and updates as things develop throughout the week.