Liathetrader

Liathetrader

100SMA will soon cross above the 200SMA. The trend has been lovely last week. GOOGL finally broke out. My biggest LT position, right after cash.

Liathetrader

All depends on NASDAQ:AAPL earnings today. I have my popcorn! You?

Liathetrader

Last year May 2022 we were exactly in the same spot on AMEX:SPY as we are today. So if you'd just buy and hold you'd be nowhere. TRADING MARKET FOR SURE. MAY 3, 2022 AMEX:SPY : OPEN: 415.01 HIGH: 418.93 LOW: 413.36 CLOSE: 416.38 MAY 3, 2023 AMEX:SPY : OPEN: 411.36 LET'S SEE WHAT FOMC BRINGS.

Liathetrader

Last year May 2022 we were exactly in the same range we were exactly in the same range on AMEX:SPY so if you'd just buy and hold you'd be nowhere. TRADING MARKET FOR SURE. MAY 3, 2022 AMEX:SPY : OPEN: 415.01 HIGH: 418.93 LOW: 413.36 CLOSE: 416.38 MAY 3, 2023 AMEX:SPY : OPEN: 411.36 LET'S SEE WHAT FOMC BRINGS.

Liathetrader

Technically speaking, SPY chart doesn't look so bad.Above 10EMA, closed above POC.

Liathetrader

NVDA trend has been strong. It's not losing steam, and the retest is always happening on 10DMA. Let's see how much steam this stock will have. Could be a B wave of Elliot wave theory also, looking at the beginning of the cycle early January.

Liathetrader

I don't see a reason why $SPX could not sell off to 2950, which is a 100 MA on monthly chart. Got there in covid and much below in 2009 also. RSI is still high on monthly, and fisher transform indicator can go much lower. I'm just keeping an opened mind to possibilities. Let's hope it won't happen but there's not much reasoning for me to think otherwise.

Liathetrader

Definitely in phase 3 - distribution. Could create a triple top but I'd be careful with energies after this rally. I'm going to short below the volume shelf and below 50 MA (red). Today we might have a bounce.

Liathetrader

The last weeks in the markets looked ugly. If SPY is unable to hold this level (375) we are looking at LOY 363, and then 200 weekly MA around 350 or the end of this volume vacuum around 330. All plausible. Question when buying PUTS its only "when"?

Liathetrader

MSFT is in a massive downtrend, broke below the volume shelf and also broke the short term trendline. $240 seems plausible.

Liathetrader

Beautiful 0.618 retracement, potential breakout of a bullflag. My favorite small cap that had great earnings.

Liathetrader

Absolutely book perfect gap fill on AMZN. Straight down to the 50 and 100MA and also bounced on the volume shelf.

Liathetrader

$MSFT has been in selloff and it's been frequently discussed these days. If we break current level, there is not much demand down to $220 and $208, which would be about 36-40% down from ATH, respectively. I can see MSFT getting there if overall market is wacky. Chaikin Oscillator with Bollinger bands also generated sell signal on August 8th and since then it's...

Liathetrader

Let's see, a big decision time for SPY. Small bounce is plausible. Looks ugly.

Liathetrader

Failing bull flag on AMD, not retesting 0.5fib level and around 50SMA. Potential to get down to $83-84. Looks weak

Liathetrader

37.50 the 0.5 fibonacci retracement and a zone of a previous battle field. Strong resistance. Let's see how it holds.

Liathetrader

$AMZN is filling the gap from earnings. Let's see if it fills the whole gap down to 100/50MA that were just about to cross back to normalcy. Doni candle on close might create a new pivot.

Liathetrader

$PUBM - selloff shooting star candle. Potential supports below.