I am overall long MSFT, but nothing goes up forever.
MSFT is becoming overbought on the Daily, as much of the market.
All red boxes are gaps to fill.
Price may stop at $134 first support (filling top 2 gaps).
Watch to exit or price to continue to drop for Final Exit.
The bottom gap may be filled quickly, as the price increase was quick. Quick gap up equals quick gap down often.
RSI and Fisher are almost maxed out.
This should be ready for Put entry, or shorting, by Thanksgiving. I will update as we get closer and I enter position.
For those who cannot afford the GOOGL short/put, this MSFT offers the same payout. 10 MSFT Puts equal 1 GOOGL Put.
This makes it more affordable and easier to Dollar Cost Average into the position if desired.
MSFT and AAPL make up over 50% of the cap of XLK (Spider Technology ETF).
MSFT and AAPL are also major components of SPY.
If MSFT and AAPL both have a selloff at same time during December, this will confirm SPY selloff and market being overbought.
While MSFT has actual revenue and cash flow, AAPL has not increased revenue since 2015 (except through share buybacks not actual growth).
This means shareholders are paying more for AAPL, with same value as 2015. Overbought and correction is certain.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
MSFT is becoming overbought on the Daily, as much of the market.
All red boxes are gaps to fill.
Price may stop at $134 first support (filling top 2 gaps).
Watch to exit or price to continue to drop for Final Exit.
The bottom gap may be filled quickly, as the price increase was quick. Quick gap up equals quick gap down often.
RSI and Fisher are almost maxed out.
This should be ready for Put entry, or shorting, by Thanksgiving. I will update as we get closer and I enter position.
For those who cannot afford the GOOGL short/put, this MSFT offers the same payout. 10 MSFT Puts equal 1 GOOGL Put.
This makes it more affordable and easier to Dollar Cost Average into the position if desired.
MSFT and AAPL make up over 50% of the cap of XLK (Spider Technology ETF).
MSFT and AAPL are also major components of SPY.
If MSFT and AAPL both have a selloff at same time during December, this will confirm SPY selloff and market being overbought.
While MSFT has actual revenue and cash flow, AAPL has not increased revenue since 2015 (except through share buybacks not actual growth).
This means shareholders are paying more for AAPL, with same value as 2015. Overbought and correction is certain.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.