MightAssTouch

MightAssTouch

Overbought and almost at upper trendline. Short on a major gap up Imo.

MightAssTouch

Well it finally broke down. Chart is just ugly all over. Probably wants to go oversold on daily RSI.

MightAssTouch

Just like hungry_hippo said. Looks like it wants to touch the line yet again tomorrow. MFI Overbought

MightAssTouch

Touched my upper trendline like I thought it would. Into resistance, overbought on MFI. Im guessing red tomorrow even though its Friday..

MightAssTouch

Maybe there is weakness in speculative / growth. US Tech 100 looks strong though. Let us see what happens tomorrow. Still think everything rises tomorrow.

MightAssTouch

Massive fakeout on open. Looks like it wants to hit the upper trendline again.

MightAssTouch

Tickled my upper trendline again today. MFI practically hit overbought. Cannot remember the last time AMZN missed top line, but declining EPS Q/Q is the real killer here... Will wait to see how guidance is but it probably won't be good. Stimulus has run its course. I am not predicting a very strong buyup on AMZN tomorrow, and tech will suffer because of it. In...

MightAssTouch

Didn't even touch oversold on the drop yesterday. It did touch my upper trendline today, however. Either it drops tomorrow or its green for the rest of the week IMO. If green tomorrow wait til Monday to short. Volatility is on the horizon.

MightAssTouch

SOXX, the range bound sucker that won't die. This thing has a long ways to go if a correction comes. Short AMAT or NVDA.

MightAssTouch

New uptrend? Probably not imo. Still looking for a breakdown to 110.

MightAssTouch

Upper trendline seemed a bit obvious. While I think this sell off is being driven by sentiment around fed policy, I should have figured things would sell off a bit earlier. Second trendline lined up quite nicely.

MightAssTouch

Finally hit the support line I drew up on Monday. Took a different route than I expected. Either a hard bounce or a hard decline. I am actually bullish while you probably shouldn't be. I said it before that we needed some bear traps before a blow off top. Could be wrong. Trade safe. I think Hang Seng drags futes down hard tonight.

MightAssTouch

Chart getting uglier. Next stop 110?

MightAssTouch Updated 

Hmm. Overbought on the RSI into resistance? On the other hand China just cut the reserve requirements. Bearish at the moment but could see more upward movement.

MightAssTouch Updated 

Needed a bounce, might reenter shorts around 114

MightAssTouch

That rejection looks ugly

MightAssTouch

AAPL always, always destroys earnings expectations. With that being said, this looks like a blow off top and earnings will probably be the catalyst. Stimmy has ran its course. (This does not mean I am expecting AAPL to miss consensus.) AAPL and AMZN are the market, if this falls just short everything.

MightAssTouch

My opinion, flat to green monday so MFI goes overbought, Tuesday CPI scare that sells off violently for maybe one day, then resumption of pumpmania. Have not really been trading, just letting long term portfolio do the melt up work. I would advise the same, until that upper trendline gets met or AAPL earnings comes around.