NVDA about to retest ATHLooking strong this morning,
309.50 is a good pivot point imo
Keeping this one on the watch today
LongOptions
Long
RF Triangle breakRF is another idea in the financials.
Triangle break and room for ATH
Entry would be above today's highs
Long
F moving towards highsF is moving nicely PM,
Watching for an entry above 20.10 with targets at 20.80
Long
COIN trying to breakoutCOIN had a nice pullback into a pennant after massive run,
Price is now trying to breakout.
Above 331.70 we could trigger a push towards ATH
Watching that level
Long
SPY, make it or break itSPY approaching a zone of interest,
This will either provide us with a bounce, or this is the beginning of a much bigger retracement
MSFT bounce or drill ?MSFT is sitting at strong support, Does it bounce from here, or it just keeps drilling?
Market in overall looks weak.
Volatility - UVXY Long Dec. (Speculative)Idea for UVXY:
- Long 14C December 17.
- Still valid signal of VIX (double bottom now):
- DXY , US10Y breaking out.
- Complacency max, but still have Long Vol signal.
GLHF
- DPT
Long
ABNB Channel breakoutABNB looks like it is finally moving outside of a descending channel,
Has great R:R
Long
LCID Getting tightWatching this big Symmetrical triangle as price gets tighter inside it.
$53 is a pivot to the upside in my opinion,
Watching price consolidation above it.
Long
$SQ | WEEKLY WATCHLIST 11/29Good start on this bounce. We want to see bullish continuation to confirm my thesis! Think long-term with this one...
Long
$RTY | WEEKLY WATCHLIST 11/29Have been tracking this for awhile now. Expecting a base to build here before our next leg higher towards $2650+. Eyeing a position on this one very soon. ($IWM)
Long
$ROKU | WEEKLY WATCHLIST 11/29Uhhhhhh is it finally time?! Last week we nearly tapped my buy zone. I'm fairly sure I was one of the first to share that level with you guys! Looking for some support to build before pulling the trigger. $400 above is possible on the next impulse up.
Long
$NIO | WEEKLY WATCHLIST 11/29Smaller degree wave 2 looks to be in! Expecting an impulse higher this week above $45. $37 needs to hold below for this count to stay strong.
Long
$MU | WEEKLY WATCHLIST 11/29No changes from last week. Still waiting for larger degree wave 2 before buying in.
Long
$MSTR | WEEKLY WATCHLIST 11/29Do you regret not buying Tesla under $700? Well... you're in luck. MicroStrategy under $700 is a GIFT. Look for $635 to hold as support and a sharp move higher towards $1000. Don't sleep on this one.
Long
11/29 - 12/03 | $MRNA | Watchlist #3$MRNA $308 or $300 bounce
(If we get below then reclaim these levels, take a position for calls)
Price targets:
308->310
300->305
Technical analysis: Bounce off pivot point around 308 area or bounce off psychological level at 300
Rationale: With increasing news of a new virus variant, vaccine stocks are rallying so there is built up potential for more momentum
Long
11/29 - 12/3 | PTON | Watchlist #2 $PTON +47
(Over $47 for calls)
Price targets: $48, $50
Technical analysis: Bounce off pivot point on the daily chart
Rationale: With increased news of a new virus variant, stay-at-home stocks could continue momentum upwards
Long
$LCID | WEEKLY WATCHLIST 11/29Following Tesla's chart very well and have been tracking the two together. Looks to be a wave C in progress. Still waiting patiently before pulling the trigger to go long on this one.
Long
$FCEL | WEEKLY WATCHLIST 11/29Triple nested 1-2 setup sitting on falling wedge support. As long as $8.60 holds, I expect another leg higher to $14.59 by December 17th.
Yes, I am aware this is quite an aggressive prediction, however I'm using past data with how FCEL likes to behave indicated with the red/green boxes.
Long
11/29 | QQQ | Watchlist #1 QQQ -387
(Below 387 for puts)
Price targets: $383, $375
Technical Analysis: QQQs has been in a linear regression channel for the past year so under 387 will begin retesting the bottom of the channel
Rationale: With increased news of a new covid variant, if QQQs continue to sell off, the plan is to buy and hold a $380 put for a month's expiration 12/24
Short
$AMZN | WEEKLY WATCHLIST 11/29Like Apple, we expected Amazon to pullback while most were super bullish. A bit more uncertainty with this one, as we can call this pullback either a wave 4 (if we hold 50%) or another nested 1-2 (if we hold $3350-3440)
No longs for now.
Long
$AAPL | WEEKLY WATCHLIST 11/29Short-term, Apple doesn't look too hot. False breakout last week while everyone was super bullish, however we saw this one coming and didn't rush in. I'm looking for a retest of the diagonal breakout which also lines up with the golden pocket. Daily Oscillators need to cool off as well.
If markets prove to be strong through the end of the year, we may get a shallower retrace for wave 2. Target above remains at $180+. Be patient friends.
Long
Weekly Analysis 29th Nov - 4th Dec - horizon after Black FridayFriday's Black Friday introduced significant valuations also on the markets and we met with large anomalies also from the perspective of the Option flow, which we automatically analyze with our software. While we observe a strong directional movement already during the Globex session, it is not worth fighting the trend and it is much safer to try to join it wisely. Anyway, the Gamma Intraday strategy assumes that in the event of breaking the extreme level, we do not fight the trend but try to join the movement. Gamma -1 was broken in the markets during the Overnight / Globex session.
From a medium-term perspective, it's worth going back to the Virgin VPOC levels to assess the potential for moves. The market will try to retest them, the only question is when it will happen. Let's look at the situation on the main instruments:
DAX - a clear downward trend that was deepened during Friday's session. The price is close to the 14946 level, so it should be retested sooner rather than later. The remaining Virgin VPOC levels are above the current price, showing upside potential on the German index - starting at 15,909 with a potential to 16,158.
S & P500 - Friday's panic on the American stock market may only be the beginning of the sell-off. It has been known for a long time that the FED has been pumping sky-high amounts of money for a long time, which causes continuous increases in the S & P500. From the Virgin VPOCs perspective, there is a lot of potential for declines through 4471.50, 4310.25 and ending at 4234.25. This does not negate long-term gains, but it is definitely worth keeping an eye on the downside opportunities.
Gold - despite declines in the main stock exchange indices, we would expect gold to increase significantly in line with the inverse correlation. However, we saw a moderate drop in price on Friday's session and only the end showed the demand entry. Relatively close is the 1763 level, one of the Virgin VPOCs below the current gold price (at the time of writing). The growth potential of Gold looks much more interesting due to Virgin VPOC points at 1817.2 through 1863, 1875.7 with potential at 1885.2
Crude oil - a clear discount on "black gold" on Black Friday, which will surely please drivers at gas stations;) From the perspective of potential, there is a lot of room for growth, with the price reaching 81.37 and 84.22.
