The story with $AAPL has been about adding improvements to the already known devices. Some of them like adding the pencil back when back in the day the idea was to get rid of it don't make too much sense. As an Apple user I am not too happy with the ear buds and the fact that the traditional earphone plug was removed. There are features that instead of being...
Bitcoin made an impressive come back from the Valley of Death. It is an interesting speculative instrument that keeps the market amazed. It ran from the 3K's level to 13K's then went to take a break above the 9K's where an important Support/Resistance line is located. It is still above the weekly moving average, which works as a support and after the...
$SPY $DIA $UVXY $QQQ $IWM Hope for the best, but wait for the worst. When the music stops the party is over. This market has been the greatest Bull market in the history of Wall Street. But what will it happen if the previous All Time Highs we saw were the last ones? Considering that usually the market rises 70% and falls 30% of the time, which is a trend...
$SPY $DIA $UVXY The Roaring 20's, at first glance you can see why. The Bull market had an unprecedented run. You only needed money to put it in the market, Wall St was a money making machine. If you didn't have money, just ask for a loan, the profits could pay off the loan+interest and still have a juicy yield. Evidently this created a bubble, the biggest one...
$SPY $DIA $IWM $UVXY, $GLD, $TLT, $USO This market has reached the Secular 1.618 Fibonacci Resistance level. This is taking the high/low levels from the previous bull/bear market in 2007/2008 (0.618 Fib). We see the market reached the 1.0 Fib level in 2015, when we saw major volatility peaks and a market that was topping. In my opinion that should have been the...
@realDonaldTrump $X $AA Since the trade wars started the markets that were supposed to be benefited by this policies happened to have the complete opposite effect. $AA had a loss of $7.6 B in market cap going from the 60's to the 20's level, 65% loss from the top to date. $X took a hit of $5.5 B in market cap, going from the 45's to the 15's levels and a 75%...
$UVXY This market is shaky. I am taking profits here since I expected just a small corrective leg (warning shot). The market overall looks like an exhausted bull, yes it does. And I will wait for this Monday to see if the overall market rethinks the position during the weekend and tries to take it slow or if an overreaction drags it down, in which case the...
$MU target hit. Taking profits and waiting for the market opening this Monday.
$FB The short leg worked so I am taking profits and moving to a wait pattern. This market looks shaky so be careful out there.
$AMZN The leg worked as expected. I'm Taking profits and now I am expecting a proportional short squeeze. Let's see how it behaves next week.
$AMD The leg worked as expected. I'm Taking profits and now I am expecting a proportional short squeeze. Let's see how it behaves next week.
$APPL remained in track with the original short forecast. The indicators were already showing a weakening momentum and a strong resistance. The conditions in the overall market signal a profit taking, that could end up in a correction. This ER seems to have the intention to create not new stock holders, but bag holders. Good luck and trade safely.
$SPY $SPX $DIA $UVXY Two factors influenced the market this week, the fed interest rate cut, and the new "Global factor" criteria used that makes me question if the inflation, jobs and other economy bounded related parameters used by Janet Yellen aren't supposed to be the metrics that the Fed uses to determine the interest rates, and not the pressures of the...
Trade wars are not good, trade wars are not easy to win. The market has shown us that it is always right, both $AA and $X wiped off billions in market cap since these trade wars started. The market is telling us loud and clear, Stop it!. Trying to manipulate the market creates artificial overextended conditions that sooner rather than later snap back. Let the...
There are two defined regions here, the Resistance area in the 44's level and the support in the 30's level. The momentum is convergent with the trend which gives TWTR the possibility to make a run until it reaches the upper channel resistance area, which is around the same level as the Price resistance area. It has the momentum and the impulse it gained from...
“.... Trade wars are easy to win...” they said. The outcome for $X has been a wipe off of $5B in market cap, marginally breaking even with its previous low levels from 2016 since the so called “trump’s rally”. Currently $X comes from a strong downtrend from its previous high levels around $48 and slamming at its current support in the $15’s. It hit support...
The technical levels show a negative momentum divergence, which usually flags a bearish reversal of the trend. At this point $AMD is making a double top with the previous ATH, and unless it gains traction enough it will tray to break it, the volume is weakening and so the momentum, so this doesn't seem to be the likely scenario. The indexes in general and the...
The technicals for $AAPL heading into earnings show the price level is approaching a resistance area, there are shrinking bands which flag a strong move waiting for a triggering event, negative momentum divergence, negative volume divergence, and Support at 170. It makes sense it will try another big shake of the tree to try to gather "cheap" shares and go for...