Taking a look at FAANG's because it's something I should probably do more. I can't make a post showing 6 charts, so I just picked the one I thought was the most interesting. ---- Netflix got crushed pre earnings, and earnings were favorable (future is up?). I'm looking backwards at the repeating patterns, and everything points to me like it's a good buy...
From the the whole year of 2020 Google didn't really keep up with its peers(even though 26% is awesome in my book) I think we have a pretty good break out here, we have well defined support lines if it turns out to be a soft break out. I got into some calls expiring May 21, the position is already up 29%, gonna sell half at 33% and the rest I'm gonna let run....
I believe GOOG is a highly interesting setup to the upside at the moment... The pullback seen in FAANGS since the NASDAQ100 made its ATH in Mid-February has barely tickled this stock... This means the bulls are pushing it and momentum to the upside is perhaps much stronger than that of its peers... Moving on to business... Elliot Wave Analysis is my specialty... I...
(a) is the 50MA, it can be seen to be curling upwards and the comparison point (a) shows this ends in a bearish outcome (b) is a similar points on TSI where I expect a reoccurrence of the pattern in oval to occur, likely acting bearishly. As i have said before, assess the situation based on impact 2008 banking crisis the market collapsed 2020 COVID? Upward...
Much like the Nasdaq ... ... they're done for now.
Gapped up with unexpected subscribers figures on Wednesday. Please keep close above the resistance line 568 and the next support would be the gapped up bottom 556. Hope NFLX would be able to outperform on FAANG. Finger Cross.
Look to the scenario of 20 days rule, it's going UP or DOWN accuracy in trend for 20 days. Now, I expect that the volatility will increase, even double to 10 days, but with less movement between 3%-5% range. After increasing volatility, and in next 20 days, with movements like /\/\/\/\/\/\, than in the middle of february, high expectancy of movements to 2650$ price level.
Apple stock has been lagging compared to a lot of techs and it's influence on the Nasdaq market is pulling a lot of other stocks lower. We do have earnings coming up at the end of the month of October so that should be a very indicative sign of where this market wants to go. The 100-day EMA is super attractive for institutional buying and price is not far away...
Non-Commercial Traders have had a change of heart after closing the largest short position on the NASDAQ in more than a decade. Net positions including options from the CFTC COT Weekly Data now stand at 19,512. This is as a result of short positions falling from 142k to 54k. Traders, mostly retail traders have ploughed back capital into call options, used to...
It's done! Put a fork in it. - Much like the last time... :-) - See attached post.
Combing the largest market cap companies within Nasdaq - Mentioned as the FAANGs Includes: Facebook, Netflix, Google, Apple and Amazon. There are greatest moves within the markets it's usually when it's the earning season, happens 4 times a yr - December, March, June, and September. That isn't my focus for now... The technical aspect of Nasdaq at this current...
... or could be! There is more money to be made here than in a "crash" ... so do it! Scalp it like a there was no tomorrow - as there may not be one :-) (Both, outright Longs & Shorts are suckers here!)
In summary we expect price to reach for the inefficiencies created from the September slump/pullback, will give us a fair idea when to take buy positions on the NAS100 Index and US30 index. Ideal it's buy on retest of the broken structure!
Milk it like a rented cow!
We saw that tech had led the majority of this rally, retail or not. the tech rally was the center of attention. Which is focused around the largest tech companies we all know. Facebook, Amazon, Netflix, Google, and Apple. Together they have a Market Cap of over $5.6Trillion. Making up over 35% of the Nasdaq Index. If we include the honorary FAANG member,...
Both the Nasdaq & the FAANGs are flashing SELL signals here that are good for ~20% drop. See related Nasdaq analysis! (... and energies, and interest rates, and the metals, and... :-)
Short from here with tight stop losses