Welcome traders, to my technical analysis of the SPY!! I'll keep this short and simple, as we can see SPY has completed a double top and has now broken through it's previous bottom of 264.83 and looks to be aiming to test the bottom of the correction we just had. If we break that bottom we could continue to see a downward trend, however on the other hand if we get...
Look at the price action.
Nearly same man. Come on.
But when we look at the other tech stocks microsoft not like x10 price. This is more natural. Same tech shares x10 man. Come on. If something rise x10 this is bubbleeeeee.
Big rise big decline. There is something going on. -1500 dow jones sell of is the begining of the bubbbleee Bang...
BiG SHorT Coming I...
Returning to the pitch makes me put an eye on Microsoft for a short time frame as 1H.
A good Target: Blue line at 93.40.
Have a Good Trading Week,
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Long MSFT out of this support zone here.
2x Mar16 90/97.5 call spreads for $2.82.
POP: 41%
Max Risk: $564
Max Win: $936
Target: Price at $96
Stop loss: Price at $90.50
long $90 call: 61 delta
short $97.50 call: 17 delta
The last months have been very good for this successful company however I think it needs a break.
There are too many supports in this chart however, touching the R & S point, would give me enough information to plan the next move. At least for now I have a good map for this kid.
Best wishes to all!
Maybe longer. SELL LONG TERM HOLDS, GET INTO CASH. I REPEAT, GET INTO CASH. 4 distribution days in 2 weeks, mixed with a massive interday drop. Market will get choppy, there will be a dead cat bounce, then the trend is down for awhile. Runs over for a bit. Start looking to short, not right away, just start preparing. SELL ALL HOLDINGS! GET INTO CASH
More earnings ... .
EBAY announces on the 31st (Wednesday) after market open: implied volatility percentile/rank 72/background 33.
FB, on the 31st after: 90/34
MSFT, also on the 31st after: 100/29
BABA, on February 1st before: 94/40
AAPL, on February 1st after: 97/30
XOM, on February 2nd before: 91/19
Of these, BABA looks the most promising. Preliminarily, the...
Hi guys. This spectacular run is far from being over in my humble opinion. Here I meekly tried to outline my perception of proportions. Have a nice day.
Tested resistance at 84.91 twice and broke through. Reistance has become new support which it has tested several days since mid-December. I expect it to test again where I am placing a buy.
Microsoft Corporation has been trending upward as are most stocks and sectors since the U.S. elections last year. Although "good" numbers and much hype surround markets, Microsoft has not had great results after their earnings calls for the last four years. The stock is also at the top of its clearly defined trend channel which has always resulted in a decline...
MSFT just broke the resistance level at 73.50, heading to 74.00.
Trading Idea:
MSFT: 73.60
Stoploss: 71.20 Target: 77 Chance/Risk ratio: 1.50
No Investment or Financial Advice
![MSFT: microsoft msft [new trade]](https://s3.tradingview.com/2/2kw19G42_mid.png "microsoft msft [new trade]")
