Looks to me that NASDAQ:TLT may be finally breaking a downtrend (Interest Rates Reversing Lower?). It is too early to tell for sure but it is an interesting development. This could be a double edge sword. Rates coming down may be good for stocks short term but longer term it may well mean the bond markets are starting to see a recession ahead. That would not...
Bullish divergence is spotted on the IWM/QQQ chart, IWM is being dragged down because of Fed hawkish comments and KRE underperformance. This is a weekly chart so we need time for this to play out, I remain bullish on IWM for the remainder of the year, even just 1% of inflows from QQQ into IWM could make it go up 10%.
NASDAQ:TSLA I took a trading position in this yesterday at $169.55. The idea was that once I saw price rejection after the low of 167.41, it is a reversal play. There is still a good deal of resistance around that blue horizontal line. My idea or thought is that this has been range bound for some time as such it very well could go to that resistance area around...
NASDAQ:MASI This one has been in a longer-term downtrend which broke out in March then failed. When looking at the weekly chart, it looks to me that this latest formation can be classified as a Cup w/Handle. In addition to the Cup w/Handle formation it has come down, tested and bounced off the 40 Week MA (White line) which seems to have acted as support. I had...
NASDAQ:CSLR I have been long this for about 2 weeks adding along the way. This is a complete turn around play as there is a new CEO, COO and management team appointed. They have managed to renegotiated debt structure, most for equity swaps. This is one of my rare situations that I have not set a stop as this could be a wild ride. So far, on average I'm up over...
... for a 187.46 debit. Comments: (Late Post). Sold the -75 call against a one lot to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Metrics: Buying Power Effect/Break Even: 187.46. Max Profit: 3.54 ($354) ROC at Max: 1.89% ROC at 50% Max: .94% Will generally look to take profit at 50% max on the entire setup (stock +...
NASDAQ:TSLA I had an alert set on the Area of Resistance Line on this chart. It triggered this morning and I have taken a ½ size position in anticipation of that becoming support. I do not know if it will play out that way so I have a stop under the 50 DMA (red) which would a 4% position risk. Should it move up and over the resistance area I will look to add. All...
We will find out. 10D chart suggests either a huge pop or ... a huge dump to fill that lonesome wick with a full sized body of a red candle. Good Luck my friends
Markets Sold off on Friday...just barely. Interest rates surging. Dollar above 105 FOMC Wednesday at 2pm CPI Wednesday 8:30am Energy: Oil, Uranium & Nat Gas setting up for some trades.
Stocks are in a bull market. Bonds are in a bear market. Unemployment increases to 4% FOMC & CPI on Wednesday. Yield Curve remains inverted. Longest in history.
Looks like the medium term bias is to the downside for small caps, as we see the weekly pivot (red solid line) fall below the monthly pivot (dark solid line) with AMEX:IWM closing below both. Both deviation boxes represent two standard deviations above and below the a moving monthly pivot. We may see demand in the lower deviation range if we fall to start off...
AMEX:BITO is a in a massive Cup w/Handle Formation. I was just going through weekly charts in sector ETFs, and this just popped right out to me. I do not have much to say about this except that these types of formations often lead to upside breakouts. Having said that I have an alert set on the upper downtrend line. Should that trigger, I will go to a lower...
Looking at this weekly chart NASDAQ:BOTZ has made a series of higher highs and higher lows, the definition of an uptrend. It did, however, fail to make a higher high in the last few weeks. The question is, is this an indication of a double top and ready for more downside or is it just a shakeout waiting to resume the uptrend? I do not know the answer. I do like...
Discussing some potential short squeeze candidates. Some of these names have already bolstered huge gains and looking to potentially squeeze higher if price action holds firm. All of these names need to be monitored in the near term for opportunities. Shorts get nervous when stocks are moving higher. AI, SPWR, CHWY, WOOF
Mega cap tech saw massive selling. MSFT & NVDA hit hard today. Cloud based stocks under pressure. Small caps ripping! Natural Gas collapse...Profits secured! KOLD Weak GDP & Housing data send yields lower.
AMEX:TAN ETF looks like it has started a nice move. I got in on this one May 9th as it broke above the downtrend line for the second time since the gap up May 3rd. It came close to stopping me out on May 21st, but it held above my stop. I was rewarded on May 22nd with a massive volume surge, due in part by the big move on $FSLR. It looks to me to be at an area...
SPX into monthly resistance. NVDA carrying the market as other semis lag. Oil reversing off support...trying to breakout of falling wedge. Yields quietly moving over the CPI dump last week. over 55% of the S&P500 companies trading below the 50day.
Markets Sold off: IWM (Small caps) underperformed. Most commodities hit on the downside: Gold, Silver, Copper, Oil Natural Gas surging & squeezing NVDA pumping on earnings: Our SOXL calls will print. SemiConductors i'll be trading tomorrow. NASDAQ:ON , NASDAQ:SMCI , NASDAQ:ARM