ChowskiPicasso

ChowskiPicasso Updated 

Been a choppy market and I believe it will continue to do so as long as NASDAQ remains in the red circle. A break above the top zone at 14843-15147 I will be bullish and a break below the bottom zone at 13944-14189 I will be bearish. In the meantime, either stay out of the choppiness, or buy at the bottom zone if bullish and short at top zone if bearish....

ChowskiPicasso Updated 

Overall market sentiment is bearish, sellers showing up in the zone, price rejection of the simple moving averages on a lower time frame. Recently posted analysis on NASDAQ and I believe a crash is coming. If so, MSFT can head down to the bottom zone at $239-$246.

ChowskiPicasso Updated 

My current position and play is marked on the chart. I am expecting more selling pressure to come in now that we closed below the nearest zone. Expectation is that PFE will head toward the next zone located at the bottom. I will be trailing my stop once PFE begins the bearish move.

ChowskiPicasso Updated 

My position and play is marked on the chart. Expecting selling to continue and target is the bottom zone at $206-$209 level.

ChowskiPicasso

Bitcoin looking bearish and I am currently shorting bitcoin miners to get that extra leverage. Bitcoin looks like it wants to go lower to the next zone below which has a range of 30272-33049. If that level breaks, expect Bitcoin and the rest of the crypto market to crash.

ChowskiPicasso Updated 

Speculating the red circle is a bear fake out. Bulls sitting in accumulation phase and looks like TSLA wants to head toward $1,000. If price breaks the middle zone to the upside and holds, I expect TSLA to head toward $1200. Additionally, NASDAQ seems to want to go higher before I look to take short positions again. Holding TQQQ shares and rocking calls expiring...

ChowskiPicasso Updated 

Opened a short position just before market close and holding for a swing. Expected target is the next zone at the bottom but I will trail my stop as SNAP drops further.

ChowskiPicasso Updated 

Expecting next week to be mostly green. I am keeping an eye on the red rectangle above to look for short positions. If price breaks below 13932 (current yellow zone), I will most likely look to open a short position there as well.

ChowskiPicasso Updated 

Crude oil looks like it wants to go higher so I took a position in MGY as my energy play. I will trail my stop until I get stopped out. Expected target is $26.55 and from where I bought in, that is a 18.37% profit potential with a 2.59% risk. Got the expected target of $26.55 because MGY looks like a bull flag breakout.

ChowskiPicasso Updated 

Opened SQQQ position today in expectation of NASDAQ heading lower. If NASDAQ gets below the purple zone, I am expecting a crash where it heads down to the bottom yellow zone. My current play on SQQQ is marked on the charts.

ChowskiPicasso Updated 

Bought into MSFT today and this is my play, 11% potential upside with a 3% downside risk. Additionally, potential bullish reversal spotted on the NASDAQ.

ChowskiPicasso Updated 

Reentered SQQQ position today a few minutes before close. In my group chat I mentioned earlier today that I expected Tuesday to be a green day but after seeing today's volatility, I am now expecting Tuesday to be red as evidenced by my SQQQ position. On the chart I have drawn out my play/expectation. If the bottom zone breaks, I am expecting an incoming NASDAQ...

ChowskiPicasso Updated 

Expecting a correction down to the next yellow zone. If that breaks, NASDAQ may get real ugly as in a market crash. Just opened a short position on QQQ by purchasing SQQQ. Any long positions in stocks, I would remain cautious and have stops in place unless they are held as an investment. Ultimately, I am more bearish than bullish in the current situation and I...

ChowskiPicasso Updated 

Overall BTC trend is up as evidenced by the ascending channel. BTC price is sitting in a buy zone and confluence with it sitting at the bottom of the ascending channel. As long as the current yellow zone area holds , I am bullish on BTC and view this as a dip buy opportunity with a great reward to risk ratio. I am expecting all time highs within the midst of this...

ChowskiPicasso Updated 

Took a position in BBIG today for a swing at an average price of $4.926 with a stop loss set at $4.57. After hours it ran an additional 12.44% after running 27.52% during market hours. Looks like BBIG will gap up Wednesday, Jan 18, and possibly retest the current zone of $4.85-$5.41. If it does, I will not be freaking out and I will maintain my stop loss at $4.57....