MichaelEugen1

MichaelEugen1

Hey all, ARKK has crashed; the broader equity market is starting to follow it. For new traders, I think you all should look back at the Nasdaq in 2000 to take notice of the similarities between the two. Assuming this is a repeat of 2000, we've got another leg down ahead of us, but that would likely lead us to the bottom of this bear market(Mind you, it took...

MichaelEugen1

Hey all, I wanted to review GOOG's chart as it's essentially moved to this point as I've expected- it looks like the trajectory of a ball thrown really high into the air that has lost momentum and is on its way down; that's essentially what it is. I'm not going to overcomplicate this review as I've essentially marked out my thought process on the chart. I'm not...

MichaelEugen1

Hey all, Nobody is perfect in trading, and lessons can often be costly. I started trading in the summer of 2020, and I have learned absolute boatloads from both being right and wrong since. I'm here to share with you the biggest mistake I have ever made in trading, and what I took from it. When Chinese stocks first started crashing on news of government...

MichaelEugen1

Hey all, I'm sharing a few charts and opinions that back my thesis that we are amid an end-of-cycle bear market(a crash), and why there won't be some rapid V-shaped ascent to all-time-highs. Since IPO, META has yet to experience a true bear market. Moreover, many people in the industry have yet to experience anything more significant than the short-lived COVID...

MichaelEugen1

Hey all, I'm sharing this chart, and am about to share a few more to get by my idea that this is a market crash, not a pullback. I've long tried convincing people that this is a market crash and not some short-lived correction that will suddenly see a V-shaped recovery; I would always repeat the phrase: "Crash, not a pullback." One of the main reasons for why...

MichaelEugen1

Hey all, I think we're watching SEDG and solar top out in real time. On smaller time frames, SEDG looks like a done stock. I think this thing falls very soon, fast.

MichaelEugen1

Hey all, People have been praising TSLA for its relative strength lately; I don't expect this RS to last. I think TSLA is in the process of distributing right now, and expect it to fall with the rest of the markets soon. This sector looks especially bearish, and I expect TSLA to go down and fill the gap relatively soon. Moreover, it looks to be repeating what...

MichaelEugen1

Hey all, feeling bearish on EV's here. Here's my short idea on CHPT

MichaelEugen1

Hey all, I'm feeling especially bearish on the EV sector & related sectors right now. I like the look PLUG is giving here.

MichaelEugen1

Hey all, we've been bouncing! I am of the strong belief it is a countertrend rally, and that we're going to fade soon. I've sized up my shorts here; money is where my mouth is. What I'm noticing on a more micro scale: indices are reaching strong supply points, AAPL gap filled, many sectors down even as some are up(which are holding indices up today). ...

MichaelEugen1

Hey all, I've been short AMD since Friday, but I'm throwing a theoretical trade on AMD here as I see favorable risk:reward.

MichaelEugen1

Hey all, I've been spamming my TradingView as of late as I've had too much time on my hands, and I'm eager to hop on any opportunity the market presents. To the point- I'm sitting on a lot of cash right now, and I think I'm going to start sizing into shorts as I still am of the strong belief that the market is going to go significantly lower. I've been a little...

MichaelEugen1

Hey, I took a day trade short earlier on the rejection on SPY. I'm not taking this day trade, but I see the setup in class, and I'm doing a paper trade on it to see how it works out.

MichaelEugen1

Hey all, I'm posting this before I have to run to class as I'm not going to be able to post on my TradingView should this happen; I'm starting to see many similarities between what is going on right now and March. Names I would use to compare them would include the large indices, but also many blue-chip names such as GOOG & AMZN. Right now, I'm heavy cash, but...

MichaelEugen1

Hey all, take a look at what's happening now! We're finally sweeping the lows. I suspect that these next few months for GES are going to be very ugly, similar to 2008. This might be a strange way of approaching it, but this could very well be used as a leading indicator for what is next for retail and the broader market.

MichaelEugen1

Hey all, this is going to be a comprehensive update on what I'm seeing in the markets. I'm currently conflicted. To enlighten you, I swing trade, and the main tools I use are patterns, history, levels, and context, among other things- of course, there's more to it, but that's beside the point. The purpose of this post is to enlighten you all on my current...

MichaelEugen1

Hey all, if you swing by my page, I've long been a massive NVDA bear, along with semiconductors as a whole; I think they're due to go much lower. Right now, I believe I saw somewhere that NVDA is the most shorted stock in the stock market. I worry that this trade is too crowded, evidenced by the fact that I exited my NVDA short earlier today(Probably a little...

MichaelEugen1

Hey all, I am not a holder of Bitcoin, and I have never traded it in the past; that being said, I chart it every other day, and right now, I think it is at a unique point in its chart, and I'd like to voice my opinion. I think Bitcoin is about to fall, a lot. It is setting up eerily similar to March, and despite moving with the stock market, it has shown a lot...