MichaelEugen1

MichaelEugen1

Hey all, Right now, I'm looking to take long swings on the market; I'm using AAPL as my lead indicator as it is virtually 1-for-1 repeating what it did back a few months ago. I boxed an area that is very reminiscent of where we are at today. If we have an early-morning move down in the markets tomorrow, I am going to go long on the markets. I am near-term...

MichaelEugen1

Hey y'all, Here are the two scenarios I am forecasting; one is based on the previous dump we had after the March rally; the other is based on 2008. I think these are the two most likely outcomes in the market; my preferred scenario is a repeat of 2008. No matter what, I expect us to see a significant rally over the next week or two; I'm heavy in cash right now,...

MichaelEugen1

Hey all, here's how I charted ETSY on the LOG chart; I am of the opinion that these log trendlines are obvious and are what institutions are using to find their entries and exits on this name. Certain names trade very cleanly on the LOG chart, especially when you zoom out. Use your LOG charts guys. I insist you practice with previous bull markets on...

MichaelEugen1

Hey all, I've seen many people overanalyze trendlines and pull lines out of their rear ends when looking at charts. Trendlines should only matter when they're obvious- this trendline is obvious. Make of this trendline what you will and play it however you see fit. An example of how I was playing this- I was shorting MOS a few weeks ago and closed out of my...

MichaelEugen1

I'm expecting a move along these lines; there are two ways I imagine you can play this- A) wait for a sweep of the lows to buy the dip and/or B) wait for a rally to short @~$390 I'm very heavy cash right now, and this is what I'm waiting on.

MichaelEugen1

Hey all, I'm not making too much of this right now, but I am seeing some strong similarities to the post-March sell-off; I've highlighted key points on the chart to help you guys see what I'm seeing, and I have a projected move based on what happened in the previous sell-off. That being said, I am in no way betting on this to play out 1 for 1 as it did back...

MichaelEugen1

AMD is at a key support level right now; it's down 13.4% on the day, but it is clearly extended to the downside. I see the case for a bounce, I'm currently debating whether it is a good play or not; I don't enjoy catching falling knives though, and this is as much of a falling knife as you will see in the stock market. I made a post not too long ago about AMD...

MichaelEugen1

Hey, ENPH is a done stock. I can't say when exactly it will fall, but I've long speculated solar is the most bearish sector looking to year-end because it has so much room to fall; nothing has changed. Keep an eye on this name, it's going to fall, hard. I'd only ever look for short opportunities on this name; don't even think about buying this one long- even...

MichaelEugen1

Hey, in one chart, GOOG is largely the reason why, despite my saying that we are likely going to hold up in October, I exited all my longs yesterday and am waiting for a clearer opportunity. This name is too bearish for me to stay long on the markets, despite many bases being made(namely IWM/XLF). This name looks extremely similar to how it looked after the...

MichaelEugen1

Hey all, AMD is currently making a 1-for-1 repeat of when it broke $100 before; only this time, it's doing it after it broke down from the 74 dollar level. Keep an eye out on a potential repeat all the way- I still think we are going to head to backtest $74 before earnings. Here's what is challenging my thesis that we hold up across the board intermediate term:...

MichaelEugen1

Hey, I think XRT is going to hold up over the next few weeks despite sweeping the lows. I think this looks like it does back in 2008/9 when it is all said and done.

MichaelEugen1

Hey all, Warren Buffett is known for saying: "Be Fearful When Others Are Greedy," and oppositely, "Be Greedy When Others Are Fearful." Normally, this holds true. But the markets haven't fallen enough to warrant this sort of thinking; even though markets remain very fearful, we have yet to see a capitulation-type move across the markets. I think it's coming,...

MichaelEugen1

Hey all, I've been posting bullish setups, I think SQ is among them. I think this name rallies in the first half of the month. I am not in this name, but I would stop out if new lows were plowed through.

MichaelEugen1

Hey all, I know ARKK is being anchored down by TSLA's drop today, but that doesn't excuse the base this name has made; I think it presents an interesting long opportunity, though I wouldn't play it with large size as I feel upside is limited; I'm just going across the board & posting all of the bases I'm noticing forming right now.

MichaelEugen1

Hey all, I'm noticing a lot of bases across the board now; I've been speculating for a significant bounce in October, I think all the makings are there for it to start in the first half of the month. Accordingly, here's my long idea on AMZN- I've already got a position that I'm now up negligibly on, but I think the long trade could never look better on this name...

MichaelEugen1

Hey all, IWM has stood out to me for both its relative strength despite the dump into the end of September and the basing pattern it has made at a key level. I was trying to play a bounce early last week, and though I was initially up, I am now either red or neutral on every position I have longed, except for IWM, which I am up on *barely*. I expect there to be...

MichaelEugen1

Hey all, I think financials are going to rally, here's my trade idea.

MichaelEugen1

Hey all, I think NVDA is extended to the downside and is nearing a bounce. That being said, I do expect it to resolve lower; I've long speculated it will make it to prepandemic prices, and nothing has changed.