This video is an extension of my recent post MDB - bullish "Mar 22 calls will print" I sent an update with that idea that I have been adding this morning, but didn't explain why. So in this video I explain why MDB is about to reverse big. I compare the setup to NVDA back in Nov 2023, hope this makes sense. My confidence that MDB will be trading in the 400s next...
Introduction In the realm of options trading, the choice of strategy significantly impacts the trader's ability to navigate market uncertainties. Among the plethora of strategies, the Strangle holds a unique position, offering flexibility in unclear market conditions without the upfront costs associated with more conventional approaches like the Straddle. This...
In summary, if you are in (or considering buying) shares, this is Mid-term bearish. I would highly recommend against entering or adding shares here. You will likely have a better chance to exit/sell in the 330s around March 11-12th. For those playing options, I can share my strategy - you'll have to be nimble to swing this for profits, but very do-able since I...
Buying a MSTR puts with 1 - 2 months on them with strikes scatted from 1200 - 1000. We've recently hit the 4.23 - which is a very common move for the end of an extreme extension. Coupled with the various possible rug setups in crypto I fancy the odds of a big reaction here.
MDB is completing a gnarly corrective wave and is showing signals the local bottom is in. I just entered Mar 22 420 calls for 1.10. Buy Zone = 360-370 Initial Target = 420 by 3/20 ~~If it breaks 420 it will squeeze a lot higher. If you followed me recently I was bearish on MDB and it dropped as expected, now its an opportunity to enter long. One of my favorite...
Nasdaq (NDX) started a correction last week (see our March 12 idea below) which was after a rejection at the top of the multi-month Channel Up that transitioned into a Head and Shoulders (H&S) on the lower time-frames (4H) and broke below February's Channel: Despite the early bounce today, we don't expect this correction to be over, but won't be a lengthy one...
Recently we played NASDAQ:GOOGL short but it seems that has run its course and we can now look to take it long. It has broken the recent downtrend and RSI seems to have bottomed. Looking for continued strength over $140
TSLA is trading at a potential bullish double bottom which could bounce off its 4 year support level around the mid $160s. If it bounces on the weekly, look for a continued bull trend. By applying a Fib extension, look for a price objective potential of hitting $504.51 and $753.38 in the foreseeable future from a technical setup. TSLA is currently in a 4 year...
QS QS About To Rise Again- Complex Pattern From our previous analysis, the price reached the first target again and it is still in the same position. The pattern is very complex again for Quantum Scape Corporation. This is offering another trading opportunity. The lowest low was created at 5.11 and the price tested this zone for the second time. The price...
NVIDIA leads the chip industry, especially AI chips and their product announcement today was nothing short of remarkable. They had the entire web buzzing about their newest releases. It does not appear that any other company is even close to what they've accomplished and they are years, if not decades ahead. Even Intel and AMD are chasing with a longshot. The...
AMEX:SPY March 18, 2024 Daily For the last rise from 493.56 to 518.22 AMEX:SPY has retraced 38.2% levels and is now at 21 day support. 61.8% of the move is 503 levels. So it is crucial that AMEX:SPY holds that level for any uptrend now to continue. Buy on daily is only above 518.5 levels. For the day in 15 minutes chart consider the last fall 514.94 to...
Closed on trendline support, 20sma and 508 price action... I think there's a very high chance we could close gap at 515 and push to trendline resistance 515-516 early on in the week like so If 508 is broken early this week (Monday) the first stop would be 507 gap close, watch for a bear trap there and a bounce, i dont think we go for 503-505 until later in...
Tilray has completed a type 2 bullish shark and caught followthrough price action on Friday. Long to the three targets. If you are seeing this late then I'd wait on a down day to enter, if it never comes then you've missed the entry and another opportunity will arise. We are also long on SNDL with a similar but weaker setup
that will most likely not come to pass, but you have a gap on the weekly at about 83 dollars. draw out the channel it's been trading in and they intersect in mid may around that time. highly unlikely that this will happen, but all of the may 17 puts under 115 are only less than 1 dollar premiums. so if it does happen there is a lot of money to be made.
I have always said that Price will follow the Money Flow Index especially when you have Neutral Price Action or a price trending opposite to the MFI; when there is a Strong Divergence contrary to that Price Action I've found that 96% of the time the Price will correct to follow the MFI either up or down. In this SMCI 4 Hr chart you can clearly see one set up from...
Long on a bounce at $26, short on trendline break. Possibly 20% either side. Multiple PT upgrades last week and only 15% float is retail hence the big % daily moves.
Tricky week ahead with FOMC. So I decided to post both the ARIMA plot and the generic forecasting plot that I use. ARIMA has us staying below the wedge breakdown that we did on Friday: The 80% confidence level on ARIMA (meaning 80% of closes are likely to fall below that level) is straddling that wedge. To break back over the wedge we would need to go into...
Looks like a double bottom here off supporting trendline.. long over 500 ,Target 520