Love the look, at the golden fib, volume capitulation wick, weekly RSI at 2018 levels and I think tech bottomed, send it!
Ugly in the extreme. EPS missed the mark and the punishment is extraordinary after the Q4 Short Squeeze - we're seeing price well below 3400... used to SELL SELL SELL. Ouch, effing ouch. Depression, yes, Rexcession entry? crazy talk by design. It's a Depression and has been for some time. Consumption, Savings Real Incomes... yeah screwed...
iMob losing its collective hive mind at present... No iCar, Factories in China and India Shut-In. Share Buybacks authorized to $90 Billion, the entire Cash Flow of Apple. Oh My, - promises in the Dark. ____________________________________________ The chart looks terrible. ____________________________________________ Buffet bag holding. Bury hunting...
Netflix pulled a squid games, (look up squid games crypto if you're lost) but honestly Netflix shit the bed. But now the beds being cleaned and you can start accumulating in this area $190 - $217 to sell in the mid $500's. Reasoning: Gap fill at $198 and lots stop losses hit me thinks <$200 and then run up to the top of the Ichimoku cloud on the daily which...
If this level holds, we might see a retracement coming in for Amazon. There seems to be a possible complete ABC correction here in the charts. Not financial advice, just entertainment.
In my opinion the only support level that matters right now is the low of the bullish piercing candle that was formed on February 24th. Similar to a bullish engulphing candle it signifies a change in trend. The piercing candle is formed on a strong rally day with heavy volume after a sell off. Ideally the piercing candle should penetrate at least 50% of the...
The rally of mid-March was fueled by Corporate Buy Backs. Retail investors, Hedges, and Institutions are still net sellers. QE per the Fed officially "ended" today. The consumer is in worse shape yet again and this will reflect in retail soon as people don't need a new phone, laptop every year and switch to every other or two years. Ironic though that Apple hasn't...
it's obvious that fang stocks are the one that drag up the index looking for ullbacks in this ratio is a good trend confirmation hope it hepls. ciao
Happy Weekend Everyone. I put together a custom FANG Plus index to track the overall strength of the popular large cap growth stocks as these stocks have been the most widely held stocks for the past several years. This particular chart is a weekly candle chart using Fibonacci retracement levels taking the previous low from the past calendar year to the last...
This is an equally weighted representation of the FANG+ Complex. Needless to say an important group for the indexes. The good: The group is above support level and the point of control. The bad, the group is below the 25 and 50 week SMA and those moving averages are starting to curl downwards. Bulls would like to see the group retake the moving averages especially...
Apple's Impulse Weakening Impulse Structure has finally broken. We warned of this on February 6th, the Retracement was concluding as many of the FANGs were seeing 55/199 Crosses occurring. 2C was a weak retracement, we were looking forward to more, but it simply was not to be. Yields crossing 1.691 were our LIS for the cross over 2% and onto 2.06 to and...
Wedge into fed meeting 50/50 chance we go up or down. .5% rise in rates will take us down. .25% takes us up. Watch the March numbers.
Based on nothing else but more speculation, the Nasdaq may rally. Let's see how this plays out for February since the Feds QE taps are closing this month. Will they reverse and pump more 0% funny money? I don't think they'll reverse until there is a major downtrend which will happen after this earnings rally. The two resistance levels are marked, although tomorrow...
FNGU is at a great value for potential swings? We will see? Use of Pullback Alerts is recommended. Edutainment Purposes Only!
Netflix collapsed and touched its pre-covid crash peak. Looking at the FANGplus Complex as a group, there's cracks in the armor. Is Netflix a warning on what is yet to come? Do markets want to trade back down to their pre-covid crash peak? The weight of the evidence is certainly pointing towards a sizeable correction. Thoughts?
This is a monthly candle chart of the FANG complex. The last time the group had a monthly close below it's 10 Month moving average it traded back down towards its trend line. The stocks traded down for about 5 months and consolidated for another 8 months, when looking at them as a group. If you have a 401K, IRA, and 529 plans consider how much exposure you have to...
Looking at the monthly chart there's clearly more downside for NFLX Don't trust a single thing Jim Cramer says he's been wrong 90% of his career
You can see GOOG has failed to make new highs and is now falling towards its moving averages