MichaelEugen1

MichaelEugen1

Hey folks, I've been posting tons of swing shorts on my TradingView these last few days & weeks. I remain of the strong belief that the market will be much lower by year-end. That being said, I am currently sitting on loads of cash as I exited most of my shorts today. I am currently both anticipating and hoping for a bounce; I will look to re-enter shorts...

MichaelEugen1

Hey all, I've long been following solar stocks as they've behaved very strangely and interestingly since the pandemic- it had an incredible markup phase that more than pumped solar stock valuations, and has yet to correct. Considering what is happening right now on its chart, I suspect that it is breaking down from distribution and preparing to head lower...

MichaelEugen1

Hey all, I'm not taking this trade, but this stock has serious downside potential. I'd be looking for a gap-fill entry if I were playing this, with a stop loss a little above ATH's. I know this stock/sector is incredibly overvalued and due for a huge correction. I'd look to where it is at right now for an entry short, or to exit longs.

MichaelEugen1

Hey all, I'm not taking this trade, but I am looking for an entry short on DKS. This thing is extraordinarily extended off the lows, and considering where i think the market will be by year-end, I would not be surprised if DKS is making new lows. In the immediate term, I think this thing looks like it's about to reverse.

MichaelEugen1

Hey all, I'm not playing this name currently, but I have in the past. I'd look to either exit any AXP long or swing short if I were to play this name- it is backtesting a major trendline, is extended, and is now in a downtrend. This recent rally changes nothing technically- it is a bounce in a larger downtrend, and should present a solid shorting opportunity for...

MichaelEugen1

Hey all, I wanted to share with you my macro outlook on DE. This stock trades surprisingly clean for a low-volume stock-perhaps manipulation? Regardless, this thing looks like a child from 2000 & 2008- it looks more similar to 2000 with the false breakout it recently made- all it needs now is follow-through down, which I expect. This is one of my largest...

MichaelEugen1

Hey all, I wanted to make this post ahead of NVDA's earnings report August 24. I think there is a very strong possibility it falls hard on earnings. They've already issued a warning of sorts that they will miss by an impressive margin, and the stock just hasn't reacted accordingly. I'm currently up only 2-3% on my NVDA short position, and normally, I'm...

MichaelEugen1

Hey all, I'm not short on TSM- I don't think it is volatile enough a stock for me to want to play it. That being said, in my eyes, TSM's chart is part of the reason why I believe semiconductors are about to get smacked around, along with other unhealthy looking charts within the sector. All this recent rally is for semiconductors by the look of things is that...

MichaelEugen1

Hey all, I'm currently up negligibly on my AMAT short. Along with SMH, I've been short on this name for the longest period of time out of any of the positions in my portfolio- I filled short when this thing hit 108 for the first time on the rally it is seeing. That being said, this is about as incredible a short setup as I've ever seen. I firmly believe this...

MichaelEugen1

Hey all, I was short DE ahead of earnings and was surprised to see my green position switch to red in virtually an instant. I don't think this'll last. If you look back by the end of the year, new lows should be made, not new highs. I don't think this thing sees new 52W highs for a very long time. I'm currently down about 2% on my DE short position, and I'm...

MichaelEugen1

Hey all, if you asked me a month ago if this rally would have proceeded to these levels, I would have definitely doubted it. But it has happened! If anything, I think the risk:reward to short at these levels is even better. Nothing has fundamentally or technically changed in my eyes to imply that the bottom is in on the stock market here. Too many bearish...

MichaelEugen1

Hey all, I've posted before on F and the fact that it is repeating a pattern it has made post-2008. The pattern would suggest it is about to fall. Moreover, if you simply look to the blow-off top it had in January of this year, you'd see a similar look as well. Moreover, the stock is stuck in a strong downtrend with bearish context, and I believe the market is...

MichaelEugen1

Hey all, I'm posting all my convictions right now to keep y'all up to date with what I'm doing-especially since I haven't been able to post what I've been doing over the last 3 weeks. I'm short small size on GOOG at 119/shr, I believe, and even though it may see a small bounce come this week, I expect that bounce to be quickly faded. The name has shown a lot...

MichaelEugen1

Hey all, I've been busy over the last 3 weeks traveling through Europe and haven't been able to post all my up-to-date convictions. In short though, I am looking below. I think semiconductors are likely going to be the best risk-reward short you will see in a while. I'm currently short on SMH and many other semiconductor names at slightly higher prices, but I...

MichaelEugen1

Hey all, I've always found it fascinating how charts can virtually replicate their patterns from previous points in history. This thing looks exactly like 2008, and I'm looking to benefit from it. Though I'm not sure where my entry will be, I am waiting to see if this chart presents a favorable entry for a likely violent markdown phase, much like the ones seen...

MichaelEugen1

This thing looks EXACTLY like it did in 2011. Why? I have no clue. I suspect market manipulation, but I'm definitely keeping an eye peeled on this. I do believe this current rally gets faded on Ford, as its 2011 pattern would suggest, but eager to see how this plays out. Something is definitely up here.

MichaelEugen1

Hey all, I think it is fair to say that Goldman Sachs is in a markdown phase, and has had a strong rally off of the bottom. When this rally subsides, which I believe will be soon, I think it presents solid reward to the downside.

MichaelEugen1

Hey all, I'm currently positioning myself for the likely next leg lower in the stock market. Currently watching industrials and names within XLI for shorts. It has rallied nicely off the bottom and likely will present a solid reward when it moves lower. I think it is a lower-risk trade, and will likely be easy to stop out of break-even should things go awry.