FiboTrader1

FiboTrader1

Historically, CAT plummets after a dividend when sky-rocketing pre dividend. I'm expecting $10 - $15 drop over the next week and I think earning misses. Price target is the .618 Fib retracement at around $200 in the next few months.

FiboTrader1

Interesting to see people posting negative analysis on this stock and wanting to mislead people into shorting this stock further. Today presents a big buying opportunity before earnings and there's several gaps to fill. Inflation is just another tool in the for market makers wheel house to scare average investors, but do not be mislead by the current narrative. We...

FiboTrader1

I have long been a pessimist of this stock solely because of its high P/E, but after this weeks sell-off of almost 20% it's not a big gamble to go long here. With a gap created, I think it's feasible to see NOW to get back to $470 before shorting again. If you see what I see you know why, but if not feel free to message me and I'll explain further. Trying to...

FiboTrader1

FDX has broken through a wedge/triangle (however you want to look at it) and found support at 219. If buying resumes and FDX can break $249, we may see a double top at 268 which is the 1.618 fib extension. Earnings are coming, so markets may act optimistically until reporting begins. Not financial advice

FiboTrader1

I see many people post that we will bounce up to 401 and fill two or three gaps that were created on the way down to where we are now. However, I am not convinced that we get such a move. If SPY cannot break above resistance at 380, I see potential targets of 352 (1.618 fib ret) and 336 (2.618 fib ret) next. One indicator I have been using that some might find...

FiboTrader1

On the 1 HR chart TWLO RSI is extremely high and coiling at these levels. In the next few days, I expect a big move to the downside for the markets as many stocks are showing exhaustion at their current levels. If TWLO cannot break above the downward resistance trendline it started in Nov '21, I see TWLO's next target at 72 which would be the smaller 1.618 fib...

FiboTrader1 Updated 

SPY is looking oversold at these levels and has hit support of a descending channel. If the channel holds, I expect tomorrow and the next week to be bullish with a target of $407. If we continue selling, support is around $358 and would be another target to go long. I believe the market has priced in tomorrow's FED meeting and we go up from here, but if selling...

FiboTrader1

I'll keep this short and sweet. NFLX seems to have created a double bottom and is, like most stocks I'm following, oversold. My price targets are as follows: 207, 226, and 248. I got in this morning at $172. Not financial advice

FiboTrader1

TGT has hit the 1.618 fib retracement to the downside as support and I am going long here. First target is $158 and second is $167. Not financial advice

FiboTrader1

If you look at my previous posts on BA, this entire selloff of this stock was to be expected. Boeing CEO just released a press update expecting the industry to be bullish going forward, so I would be long BA at these levels for the short term being that we are sitting on support. Not financial advice

FiboTrader1

MU looks to be oversold and with tomorrows FED meeting I am expecting a relief rally for minutte wave 2 up of larger wave 3 down. I'd also like to comment that with the way SPY has behaved, it appears that once again the market has "priced in" the upcoming meeting and SPY is also showing levels of being oversold which I will also post an analysis on. My stop...

FiboTrader1

EW currently sees the S&P in a subminuette wave iv of minuette wave C of minute wave ii which would carry subminuette wave v to around 425 to 430. This lines up well with other stocks I've been following meaning I'm seeing several potential double tops about to form over the next week. If this EW count is correct, we are preparing to see the strongest wave down...

FiboTrader1

MU is sitting at support and has been range bound. I am anticipating that MU will stay in this range and head upwards to fill the gap at around $75. However, I do not foresee it going beyond that in the near term. Not financial advice

FiboTrader1

FedEx is currently in a descending wedge pattern. I am looking for FDX to break out of this pattern in the next few days and retest $240. Not financial advice

FiboTrader1

With the market running out of steam by the day, this is my biggest potential winner for puts. Short term PT is $137 and long term is around $50 which is the 1.618 fib retracement to the downside. Not financial advice

FiboTrader1

SPY started to sell-off as soon as JPow released the FED's interest rate increase and call for 7 rate increases this year, but shortly after rallied for the last hour of trading. Despite the buying in the later part of the day, SPY has remained in it's descending channel meaning my wave count is still valid. We may still get a move to 437, which would hit...

FiboTrader1

LOW has hit resistance of the previous channel it was once in and now I expect big moves down. First PT is back to 206, then 190. Not Financial Advice

FiboTrader1

The current state of the markets appear strikingly similar to that of late '07/early '08, so that is how I am going to play it. Powell and his FED cronies have an interest rate decision this week and as history shows us, the FED seem to always do something at the worst possible time. The market always stays stagnant before the FED meetings/announcements, so we are...