FNGU tracks the NYSE FANG+ Index ans the NYSE FANG+ Index almost always starts a downtrend in mid December, which last until the first week of January when it resumes an uptrend. Since this is what almost always happens, it is safe to assume it'll repeat the same process. So entry into FNGU is idea on the final trading day of the year unless the downtrend ends...
Apple refuses to provide forward guidance off the back of weak iPhone sales, and, of course, all the uncertainty stemming from COVID-19. Yet, they order more iPhones, along with running a convincing PR campaign, to promote that fact, and pump the stock, of which, they are one of the largest buyers. Over the next 12 months, revenue is obviously going to disappoint...
Hello and welcome to another analysis. Keep your eyes peeled for next move up once TSLA officially enters the SP500. There will be a week of buying and high volume surge. Position now for the trade of the century. Do you like my chart?
H&S Pattern developing on the FANG index, I expect we drop 20% from here to retest the bottom of the channel.
Bullish engulfing on daily. Fibonacci levels .382 = $1520 could be resistance, Looking for earnings run up before Oct 26. Options analysis - Volume from Oct 9th. Oct 16 - 1200 $1520 calls, 1000 $1530 calls, 1800 $1550 calls. Nov 20 - Huge OI in 1500 and 1500 calls, Put/all ratio .35. Of course, any bad Trump news could flush the market. Trade safe if you are...
Catchup trade for those jumping off of AAPL or who didn't participate. I expect this move because of the technicals (back above the 8day MA) and the foreign cloud contracts announced Friday will begin to be reflected in the price. All aboard! ***Not trading advice. MSFT
Tesla has obviously had an amazing run. This morning it spiked as high as $2,129, more than 900 percent above its 52-week low one year ago. But TSLA hasn’t held that level. Its high occurred in the first minute of trading, and prices quickly knifed under $1,940. That’s resulting in a large outside candle on the daily chart. This is a potential reversal pattern –...
I want to point out two things in this post: 1. The elevated implied volatility before earnings on blue chips stocks is per se a risk factor due to high call open interest and the following reduction in implied volatility post earnings. 2. The SKEW index is signaling increasing tail risk. The first point: As I’ve pointed out in recent posts, high open...
Netflix dipped sharply on earnings miss. Weak subscriber forecast. Beats revenue in Q2 report. Revenue Estimate $6.08 B Revenue Actual $6.15 B Jim Cramer predicts a rise in FANG stocks after yesterday's pullback. Yesterday's pullback occurred due to sellers collecting profits. The market needs to consolidate before it continues trading up....
Monthly log bars with Fib trend extension show price was first rejected by top resistance in Jan 2020, but then popped through in Jun 2020. Major breakthrough...
Yearly log bars with Fib Trend Extension
Yearly log bars with Fibonacci Trend Extension and simple trend line starting in Year 1
I did a quick wave analysis over the last several decades. If you mark the start of a new motive wave cycle starting on the 2009 low, you get a very nice motive wave cycle. It technically came up a dollar short. However, wave 3 ended with an overshoot. So there may be a touch more left in it, but it looks like it might have reached the end of the road. Will there...