No need to be alarmed from the title if you have been following me, because you know where we are headed over the next few weeks. This week I expect selling to continue, but at an accelerated pace through Wednesday because of two things: 1.) SMA "death cross" of the 50 and 200 dma and 2.) We are currently in wave 3 of intermediate wave 3 of EW. The "death cross"...
TWLO has sold of incredibly over the last several months and it's where some of my biggest winning trades have come from. I expect there's still more selling all the way to around $100 which is where it consolidated most of the latter part of 2019 after Cramer opened his mouth that Sept and TWLO dropped from $130 to $107 in a week. I don't even think TWLO's true...
CAT and DE are two of those companies that have been trading like TECH companies over the last year and they have significant moves to the downside coming over the next two weeks. Systematically, you can see the significant to then the consolidation phase. Look for a lot of selling over the next few weeks from these two stocks. I have a PT of 160 for CAT and 322...
BA has fallen below it's first channel, now looking for BA to bounce off the $156 range. As far as analysis goes, there may be a buying opportunity at that level, but I'll have to assess once it bounces off that level. @ktaba long term analysis I agree that BA can regain it's former glory, but we are going into a recession like I've been saying for 3 months. Hope...
Keeping this short and sweet: TGT reported earnings last Tuesday and a large gap up was created. First PT is 202. Not financial advice
COSTCO P/E is sitting at 42.37 making it one of the highest P/E's in it's sector. COST reported earnings last Thursday, but reported lower guidance for Q3. COST is up over 3% today and respecting the fibs as well as the channel it's currently in. First price target is 502 over the next few weeks. Not financial advice
To my followers and other readers: I apologize for my previous SPY post ("SPY:445"). I had been given bad advice from another trader I think very highly of, but I'm afraid he may have been mistaken, so from now on I will be posting analysis solely from my wave counts alone going forward. This is what I believed before and I am reverting back to it. SPY was not...
BTC retested the neckline of a head and shoulders pattern and I expect for it to break below the channel it's been in since Dec 2020. Price prediction is $17k in the next 6 months. Not financial advice
BAND has produced better than expected earnings since its inception and it currently sitting on support from Dec. 2018. It has a gap to fill at $47, so you're looking at a 50%+ move over the next few weeks to fill said gap. RSI is extremely low as well, so expect this to be a big winner if you go long. The lowest I see it going is mid $27, but calls are for mid...
SPY sold off for what appears to be the end of wave 5 of intermediate wave 1 by bouncing off the 3.618 fib retracement. We should see an ABC bounce going into intermediate wave 2 up which means buyers are back (for now) and I expect a move to 446 to 457 in the next week or two. Find an entry for shorts in the next 10 days to 15 trading days when the SPY reaches...
MTCH as well as the rest of the market has seen tremendous selling over the last week and I believe the Bulls will step in for a few weeks before we head into wave 3 down. MTCH targets are $117 and $135 during that time. Not financial advice
FB is oversold and hit the 4.236 fib retracement almost to the penny. I am personally in this trade and am expecting a move to $222 in the next week. Not financial advice
TWLO bounced off the 4.236 fib retracement zone and is due for a small correction. We are still in a downward trajectory, but the entire market has exhausted it's selling and buyers are stepping in for a week or two. Target is $210 Not financial advice
MMM bounced off it's 3.618 fib retracement. Look for the gap to be filled on MMM. Targets are 152-154 in the short term Not financial advice
Fibs show clues and the overlap on the fib retracement for SHAK lines up perfectly with support from Aug 2020. Target is $48. Bought puts for March 18 Not financial advice
ABNB is set to report earnings after-hours today and currently there are news headlines out there that fund managers are expecting good earnings (at least that's what the title would lead you to believe). If you read any of the articles in their entirety, you'll find that the news isn't all that great and a few are even comparing ABNB's financials and growth with...
Intermediate Wave 3 will be big, bad, and bloody. Anyone long for the next few weeks... may God have mercy on your soul. Things to pay attention to around us: 1.) Russia/Ukraine tensions: The world is anticipating the Russian invasion of Ukraine. Now this is alarming, but is it really that big of a deal? History shows that Russia likes to ruffle international...
Putin is invading Ukraine, inflation is up, interest rates are going up, supply chain constraints... what else do you need for a much needed crash? Can't say I didn't worn you bulls! Always trust the fibs cause they don't lie! SPY is heading to 398, then 360. Stay short! Not financial advice