- TSLA extended to resistance, but still full bull control on 4h 12 EMA - GOOGL MSFT AMZN potentially shaping up a daily downtrend - AAPL strongest of big techs holding up still 2Day EMA 12 bull control guide - Sp500 held support that was prior resistance - QQQ 5th reject from golden pocket zone if big techs confirm daily downtrend QQQ wont be able to hold
MFI is actually dropping on the daily. Bullish for tomorrow because it's Ponzi Friday, but chose not to go long. I'm just not into chasing the market this close to the top. Fed meeting next week.
NASDAQ:NDX is having a TOUGH time here The RSI collapsed Not crazy about 4Hr action atm CBOE:SPX & DJ:DJI are also struggling bit here but don't look as bad as the #NDXdoes Small resistance in this area, pause time? #stocks
I don't have much to go on but that is fine. I just use the trend pivot line to put my back against (like a stop loss) So the margin of loss is minimal if the trade fails. I call this area the position of maximum opportunity.
The QQQs have created a head & shoulders pattern. If it plays, we may target the measured move.
I have been a staunch bear since about March. Since the lows expected a nice bounce but that we would resume the downtrend at some point. Nothing has convinced me that this market would not do anything besides have another period of pullbacks, until I inverted the QQQ today. From this perspective, I cannot help but see the very real possibility of a double top...
- TSLA CLEAR 12 EMA 4 hour time frame support guide - NVDA falling Wedge Guide - GOOGL Lead Bear of big tech bull break with no follow through on Monday - AMZN potential setting a lower high on daily - AAPL stronger big tech 2 day time frame EMA 12 perfect support guide
Unity Software made big news (or was it) with the announcement that their software would be part of Apple Vision Pro. This may or may not be a big deal. Apple my not have hit the mark on VR with a headset that costs near $4000… not exactly for the mass market, IMO. That said NYSE:U has been steadily increasing revenue and finally made a .01 cent profit last...
Both ES and NQ MFI went oversold premarket Gonna wait a little bit and see what the market does at open. RTY is overbought so maybe a reversse rotation out of small caps?
Boeing – This has been a frustrating name for me. It broke out in January, of which I caught some. But it has been in a range, a wide range for 6 months. I took advantage of the bad news on Tuesday, Jun 6 when it dipped and bought a starter at $202 (sometimes its better to be lucky) and added again today as it breaks above an area of resistance. However, it has...
NASDAQ:QQQ Game plan based on price action and R/S levels.
NYSE:NET is my biggest holding right now. I bought a starter just 3 trading days ago @ $62.90 and have added both yesterday and today for an average price of $65.59. As you can see on the volume bars below, there has been more buying than selling since earnings. I think any new entries or additions for me, need to see some consolidation. I am also a little wary...
AMEX:RSP looks okay to me (Equal weight SP:SPX ) TVC:RUT / AMEX:IWM also looks okay Question: What is the common theme? HEAVY VOLUME!!! Buys are heavier than normal for those 2 indices and NASDAQ:NDX / NASDAQ:QQQ has selling that's lil heavier than normal Looks like rotation IMO Our calls were on the money again... #stocks
- TSLA still relative strength compare to QQQ once we lose that strenth daily consolidation might be on its way. - NVDA likely testing 366 soon, will be interesting to see the price action when we come to the gap territory - GOOGL back to low of its chop zone support range- bull break lacking follow through - AAPL still in daily uptrend holding better than its...
NASDAQ:QQQ Gap fill still holding, a close below on daily basis of 346.33 may end the uptrend.
NYSE:SHOP – I have been looking at Shopify since earnings and it looks to me that it is ready to buy, in fact I started a ¼ size already this morning. See chart for my notations. This may be actionable “if” it fits your trading style. It has been basing for about 14 months now. A traditional break-out would be a close over May 23rds high of 65.54. I am early and...
NASDAQ Has formed a beautiful H&S pattern - yesterday we maximised the buy positions on the base, with rejection at the S Resistance we can possibly see the pattern playout - I would like a retest on the S resistance before taking shorts and then selling down to the base and then the main target at 14416. If price breaks S resistance then we can see Nasdaq...
URTY seeks to yield 3X the Russell . The Russell has lagged the other major indices. This is probably because this is a big collection of small companies which are weaker in general and more suspectible to financial pressures like to cost of borrowing to finance growth and so on. This week the Russell is out performing SPY, QQQ and DIA. These leveraged ETFs...