Audacity618

Audacity618

I think Apple can push a 20% stock move from their recent AI announcement that kicked off on June 11. I don't think there's any appetite to sell or short when AI is melting up right now and now APPL joined the play. I think a move to $230 is reasonable. Breaking out of the 2 day flag pattern today. 15% envelope above 21 ma was last breached in the summer* of...

Audacity618

Very disappointing to see small caps give up all their gains from the CPI report on July 12. I also don't think the damage is over and we'll quickly see capitulation down to the lower trend line. Possible bounce from there depending on how the capitulation takes shape.

Audacity618

Just a beautiful trend line on a Lidar small cap company. Fundamentals are bad and long-term trend is horrible, but I like this short-term logarithmic trend line.

Audacity618

Surprised to see IWM fairly restrained in this upward trend as long term interest rates dropped significantly on todays CPI report. Really expect to see a quick catchup over the next few days as SPY and QQQ make new highs.

Audacity618 Updated 

Long term bullish on Utilities, but this is quite the move over the last few weeks. Looks exhausted with the latest Friday candle forming a -> dark cloud cover. Also interest rates have not dipped that much to push this interest rate sensitive sector higher, perhaps hype around AI energy usage is driving this. Trade: Short term pull back -> bear credit spreads

Audacity618

TLT long term bond ETF ripe for a swing trade to $92 coming off the 1. Hard landing concerns -> Treasury Bond Rally (TLT) 2. Faster Fed Rate cuts -> Treasury Bond Rally (TLT) 3. Inflation Dropping -> Treasury Bond Rally (TLT)

Audacity618 Updated 

I see this reassuming an old down trade from resistance 1 trend line. Short Squeeze pop over resistance 2 trend line provided the opportunity resume down trend.

Audacity618 Updated 

A lot of good news baked into the current stock price, looking for a modest cash out of holders to send the stock downwards as technical momentum starts to sours.

Audacity618

Not sure if I understand gold's fundamentals and why gold is still high with real rates staying higher for longer. With rate cuts off potentially delayed, off the table, and even potentially going higher I would assume gold would of been impacted already, perhaps geopolitical tensions kept it higher. Would like to see this unwind now from a technical breakdown...

Audacity618

Don't miss out on the rest of the run just because you missed the first move. *** Price action breaking above the 200 moving average after a healthy move that sustained *** Plenty of head space to upper resistance *** Lagging SP500 and NASDAQ

Audacity618

Equities historically will bottom and retrace about 6 months before the bottom of a recession, catching most traders off guard on the next bull run. I particularly like that SPY has cleared the downward trend line that started January of 2022 and was broken this Thursday and held this close of Friday. I would like to see a continuation of cautious daily gains to...

Audacity618

The risk off market with short and long term interest rates on the rise is creating big risk for high growth tech with nose bleed P/E...but who cares? this is been the story for the last couple weeks... I would caveat and say that I don't think we've seen the big capitulation moves quite yet in investors exiting to the sidelines besides NFLX or PTON. These are not...

Audacity618 Updated 

- USOIL is running back up to 52 week - CPI % growth at 40 year highs - Fed signaling hawkish policy - Technical setup: dead cat bounce forming a bull trap

Audacity618

The upper log trend line (resistance) since June '20 has been 100% accurate for short fades on XOM pumps. Giving it a try here for a short term pull back.

Audacity618

TLT breaking down on weekly trend line as long term treasury rates spike. This could spill trouble to equity markets particularly high valued growth. Keep on eye on TLT or TNX.

Audacity618

Big selling on heavy volume last two days reversing post-fed meeting rally. Under the 20 day ema. Inflation and Omicron uncertainty still remain high. High growth tech which has the majority of the market share is tumbling. Only off the highs by ~2.5%.

Audacity618

Rotation into defense sectors like consumer staples has played out well since December 10th's inflation report. With 5% breakaway run into all time highs, I will be looking to play any side ways and downward pressure with credit spreads.

Audacity618

This is a buy high and sell higher set up. From a technical perspective, looking for RSI to get closer to 75. Looking for a stretch to 245 in the DIA etf.