NVDA over Fridays highs to $225. Plan accordingly. You are welcome in advance. Analysis in chart.
I alerted on our Twitter @alphatradersinc that SOXL over $41 is a buy and any name in the index you can buy and be happy with. So far so good. Look for SOXL names to lead us to the ripper.
NIO looking like a good move to $41 is in order this week. Could be a nice 6-8 week swing as well. Lotto idea on chart.
TSLA easy price action. If you were patient in shares don't ever sell them until it hts $3200. You can still buy shares here and be happy with a 4x. Over Fridays close we see 869. Look for some sort of cool down day. I would expect $900 by next week. BTFD in full effect now.
Price action looking good finally on Big Mama. Looking for a hold of the close from Friday and we should see 148 within a day. $148 will pullback and to 146 area creating higher lows locally on daily. Push that to $150 then we see if they actually want it to go to $160. Big Mama is a slow mover now like JPM. Just awful price action better place to allocate money...
IWM in a huge accumulation channel and will most likely lead the market higher in the coming few months. Small caps season is coming. Enjoy it.
OH MY MODE engaged over $446.29. Don't let the Elliot Wavers tell you otherwise.
VIX obviously getting the smush again. Now we live in low volatility mostly until taper official date is announced.
Should fill this up to next Overhead supply and then chop/pullback some. ATH in sights. Tech will lead us to Valhalla
Pretty easy to see with ES_F that we will most likely gap up to 4479 and initiate a pullback to the 4426 value area this week. That area should hold and chop for a day or two before going again for the OH MY MODE Zone. Once in this zone, ATH on the way and 4600. Love a good bull run.
Huge range over the last 6 months. Is it a sign of reckoning or will we have one big finale to this bull market with IWM leading?
See SPY above with same levels. Touch support and go the rest of the week.
Most likely we need to fill this gap before we go back up. Market doesn't like excess anything or gaps for the most part. Algo's are a menace but they are like an ADHD Wifey - They don't like small messes ruining their clean houses.
Under 270 we can grab 40-60 handles. The target would be $228-$200. What a swing short that would be for the homies.
End of August rally to 4500 with daily close over 4114
Looking at $SOXL we can see a daily close above $41.85 can usher in $43.39 this week. Would be a monster trade for $LRCX going into earnings if $SOXL is moving like it can. Possible to see $LRCX at $700 by earnings date.
Pretty simple: Break and hold above 3848 and the bullish case back to 3900 comes. If unable to, we go to 3777. That seems like a good area to go long. #ES
Simple megaphone breakout for ES. Simple: does it hold for a rally tomorrow or does it fail and we have a santa sell-off to 3620?