Following up on my last SPY chart trend, we have emulated that fractal fairly closely over the last few days. The chart before us now looks to be presenting a Head and Shoulders pattern. Granted it is on a one hour timeframe and anything smaller than a daily for a head and shoulders needs to be taken with a grain of salt (although it can be seen there too) I...
I went a little short. Pretty tight up on the underside of that 200 for bitcoin, if I dare say so myself…I just jinxed it, didn’t I? …shee!t…lol Sold some MSTR as well today in the after hours. It gave a tiny polite pop this time to let us get some out 😊 I’ll dca fully back in inside a week or two. Bitcoin chart…same range, but I trimmed some this time at 63. I...
A small 1h timeframe that seems to suit the current narrative. Possible low tomorrow. Fractal is from Aug 28 to Sept 12. I think ultimately we end up 565 Oct 3rd and 560 by the 8th. I have 565 strike puts from a couple days ago. I’m not so sure on the lighter green fractal at 550 or so. That’s a longer shot. Be well. MR
Ok, so this is a less chaotic version of the same Bitcoin chart I posted a month or so ago. The high around March is still my target zone. This version of the chart is for all of us Cup and Handle folks…of which I am often one…especially now that the price of BTC can be heavily influenced by the few. Please look at that volume from 2022 to 2023 in the gray box I...
This 2 year plan is explained below. Chart = US 2 year on the top // SPY on the bottom To understand my charting and thought process, if you wish to, it’s best to start with the macro idea here. I’m tracking the US2 year yield. The peaks in ’89, ’00, ’06, ’18 and ’23 have created overturned cycles leading into recessions. Sure, the 2023 peak has not yet resulted...
I’ve been scanning for large short interest positions on small and mid-cap stocks this weekend. A few have raised eyebrows (and I will list them below…FYI) but this DBI (Designer Brands Inc.) has really prompted me to lay some research out with the intent to go long on Monday pre-market. It’s a wild/poor chart for sure with an overall downward trajectory since...
I thought this was a pretty chart. Look at that flow into a big CPI announcement lol...that's perfect! MMkr's did their job the world over. Tokyo split it, London split it, US split it. Time for someone to make a move...;) I think the nations that haven't reduced interest rates yet are going to see their markets pop the best. I also think Japan's Nikkei is going...
Another cluttered chart to publish. I put all this information on a chart for my reference… I like a lot of reference😊 I realize it can look chaotic to some, so I will explain my train of thought the best I can. Most of you will know this already. Purple rectangles represent gaps in the chart. The ones not closed yet are labelled with when I think they will be...
10,00 foot level look here at Bitcoin. As much as I want a 130-180k BTC I don’t really see it playing out that way just yet. I will have sold in waves (and have been) as we approach 110k. At 110k I will have only a small portion of BTC and other crypto holdings as runners. Some of the math I have run does see 116k at the peak, some 133k when I take BTC price...
The chart makes sense to me. There is more data out of field, but the point is there.
See the dragon now?...lol. I drew that for fun...I hope you get a kick out of it. Still a bad dragon. I lost on this one while playing the small caps earnings pop play I've been doing the last few weeks. I am 8 for 12 now in the black on small cap pre-earnings buys. I'll take that percentage all year. My AIT buy is in from today and I'll see how it progresses...
Playing same game as described in earlier AIT idea. Starting to buy in today and will sell tomorrow after earnings. Estimates don't seem out of line with financials. Expecting a 6%-9% bump for the trade. Might even buy back in after September and hold for 6 months.
I did remember to get this one before earnings tomorrow morning. EPS estimate is as high as I am...but I'll start selling tomorrow morning if/once we hit 6%
I had this on my list and did not enter until after market. I forgot to during the day to be honest. My entry is almost $22. If I get 6% tomorrow by brunch I'm out.
But I don't often get rekt for premature...so, I made my entry. Possible 6 month play. I'll wait for earnings and market macro to see if I hold.
The Monster is literally throwing the cookies out of the mouth. Check my previous chart:). I am half in TSLQ again for now but in a few weeks I hope to switch back to just fully owning a company I adore.
I"ve been buying small caps on their earnings days for the last few weeks...with promise of interest rate cuts and all you know:). I'm buying the day before if there is a morning report or the day of if it's an evening report. I'm 5 for 7. Last one was ONTO. I sell them quickly the day after I buy them while we're in this weird market. I had never heard of most of...
Any candle pattern like this dillying about is a sputter, cough and a backfire. I am TSLA long for many, many years, but I am playing the October dip. I'm adding again if the 215 gap is closed. I'm in even harder if the 150 gap gets printed...I don't think it will get that low but after 215 I'll be DCA'ing. I put 50% of my position in TSLQ July 12th