Madrid

Madrid Wizard

Resuming the analysis from this chart I published on March 11th. Back then I called the current peak which worked as predicted, and we all were happy, but there are signs that started to develop that are rising concerns. There is a Peak on February 2014, a bigger one on September 2014 and a new one forming on May 2015. The developing pattern is the dreaded...

Madrid Wizard

And if the music goes on, just keep on dancing around the musical chairs. Reaching the all time highs let's see how what the technicals say about it. SPX has reached the 100% Fib level , which is an important support/resistance level, and in my opinion, it's more a resistance rather than a future support. This bull has already run longer than the previous...

Madrid Wizard

The levels were topping at around 212. At this time we have a negative divergence on the trend, depicted on the bull side of the indicator. The bears are gaining momentum and today the levels reached the lower part of the ascending triangle, which means a possible break to the downside is close. If the levels can't go back to 212 the consolidation will be...

Madrid Wizard

After the turmoil we saw when the market threw up shares right before the "Official ER Announcement" let's see where we are now. $TWTR is still inside A consolidation Triangle that ranges from $29.50 until $74.70. It was not able to break it and it is just trading inside a shrinking consolidating range around $40, which is around the price set close to its IPO. ...

Madrid Wizard

This chart shows in a simplified way who is in control, and how this control has been shifting for the last weeks between Bulls and Bears. Let's remember that we reached the 53 Levels not based on the company performance, but on the Rumor, and most buyers remained there trading hope towards earnings. Let's see what it happens.

Madrid Wizard

Chronology The rumor, Insider Selling, employee share allocation program, volume and momentum divergences, bots, MAU's, strong dollar, ER, FB, just to name a few are some of the ingredients of this broth that will boil down on the 28th. 1. The rumor. Last quarter it had a good performance, so FB, Since Twitter has been in a consolidating range since its IPO...

Madrid Wizard

Yesterday we had what it looked like a rally, and it happened to be just a fake head that hit the upper resistance channel level to drop today so far 2.71%. The support ascending channel was broken on the 13th, and what we have seen so far was a false rally. During these days we have seen just peaks that look like those we often see on penny stocks, they inflate...

Madrid Wizard

In Wall St. nothing happens by chance or by mistake, everything has a purpose, and the purpose of the rumor seems to pump as many buyers before the Earnings Report is released. Coincidentally this will be at the end of the same number of weeks it was in bull mode last time. This week is closed with bearish weekly candle. So what can we expect? Just a Pump and...

Madrid Wizard

Buy the rumor? Seriously? By the fundamentals first Twitter Market Cap : 34 B Twitter Debt : 2 B Twitter Free Cash flow : -120 M Google Free cash flow : 11.4 B Is this rumor founded on solid ground? Google would have to meaningfully dent its cash flow to even consider this buy. And just by the market cap, not considering the debt value yet. So from this...

Madrid Wizard

Mar 30: In the market nothing happens randomly. Elon releases the tweet at the moment when TSLA is doing a double bottom, which means it is in a positive momentum divergence. Besides tomorrow is the close of the month. The Tweet purpose is clear, it's a jumpstart trying to ignite an uptrend. The technical conditions are good for this. The question is how long...

Madrid Wizard

Mar11: If the downtrend comes to a halt then TSLA will enter into a consolidation range, Too early to tell, but if the 190-210 range is broken to the upside a rally may be ignited and the 240-250 level will be a critical level for the dreadful Head and Shoulders pattern.. From the chart it can be seen that the average volume after the initial strong move to the...

Madrid Wizard

This dip is very deep, if the value can't hold 205 then the 89 EMA will be broken in the daily and 205 will turn into resistance, which is what it looks like already. Let's remember the Feb 198-206 range the price used as a ballroom. If the trend is broken look for the middle channel support line around 2000 and a Sell in April year.

Madrid Wizard

After the trend $AAPL has shown and breaking its own all time highs, it is finding resistance at 134. This is where the 1.618 Fib level is located. $AAPL needs to have a close above 134 and maintain it to break to the upside. The last red candle at the top is forming a bearish evening star, which would be confirmed with a LL-LH next week means the retracement...

Madrid Wizard

$AA has been consolidating around 15.60, which makes it a choppy stock with LH-HL. There is no clear trend at this point. However the signs of the long term trend show weakness, both in the trend and momentum. It has tried to break the magic 18.00 value that would make it skyrocket, but after the double top the next attempt barely reached 15.90, Not enough and...

Madrid Wizard

Feb03:Up,Down,Up,Down,Up ... Choppiness within the 198-206 range since this range was set on January 5th.Oil has bottomed so far, and this could be a game changer. But until this is confirmed and it breaks either above or below this range, we can expect more range trading weeks. The Trend indicator is positive meanwhile the Momentum indicators are negative,...

Madrid Wizard

Jan13: Head and Shoulders forming. The triple momentum divergence is the signature of the H&S pattern. Even though Earnings was good, the market reaction was not so good. If this is the case then this could fall as low as 12.63 where the 50% retracement of the rally is marked. Keep an eye on the rotation of the fast ribbon (orange) if the price doesn't go back...

Madrid Wizard

Jan09:Positive Momentum divergence. Support at 0.236 Fib (204), Still on the downtrend, but if this can hold this value there could be a leg that could reach the 0.382 Fib @220. Still too early to tell. If this support is broken then it can go as low as the 100% retracement at 177. The signal is a close above the 8 EMA.and rotation on the fast ribbon...

Madrid Wizard

JAN08: Downtrend has taken the price to the Lower Channel Support Line, there is a positive momentum divergence. Look for the 0.236 Fib level, it is Resistance @28, if it goes above 28, it may reach 31. The two words of warning here is that the first move could be just a short squeeze due to short covering at this level and the second is Earnings is scheduled on...