PartTimeGenius

PartTimeGenius

Hello Team, Here is another wonderful update on the market going into next month. We wanted to wait for the big names to report their ER and FEDs out of the way first before making new updates. Today, WE OFFICIALLY TOOK NEW SHORT POSITIONS on the markets and our targets are labeled on the chart and here is why we decided to do so. As you can see labeled...

PartTimeGenius

Last chart on TSLA was for it's reversal around $185 to the upside, today we think that we could see a pause/sharp reversal up here. In any case, it looks like $500 is a must at this point. Given the extreme momentum, any pull backs could push the stock down to the $400-380 levels, but we believe this might get brought pretty heavily.

PartTimeGenius

Team, Welcome to another overview of the long term landscape of the Economic markets. We first went officially bearish on the the overall market at the just before August (you can see our post from JULY 30th) and although nothing seems to have happen yet, I just want to say that NOTHING HAS CHANGED *** WE STILL HAVEN'T SIGNED A TRADE DEAL *** (STILL BEARISH!). *...

PartTimeGenius

AAPL has just continued to push higher for weeks now, but it's starting to look like things might be turning with the false breakout to all time highs from Friday being rejected today (still have to wait and see how we close). $AAPL is still a top shorting op for us, along with SMH. With that said, we don't expect to see major moves (up or down) before the FOMC...

PartTimeGenius

$SMH, along with $AAPL, are our top shorts. We prefer SMH because it tends to over-perform the markets in up trends and under-perform in down trends. Apple is still up there tho. If you have any other suggestions... ***Let's talk about it...***

PartTimeGenius

On the last post we said that we were positioned Neutral waiting for an entry, that's just only on our trading account because we play options and timing can be very crucial. As for the longer term accounts, we are positioned very defensive. Anyways, the market is starting to look very stretched up here for DEC PUTs... ***Let's Talk About it...***

PartTimeGenius

I gotta admit gang, I didn't see this market lasting as long as it has up here and even pushing up these marginal new highs day after day... Nonetheless, we still believe that the major move is still to the down side. As of right now, we're staying neutral on our position waiting for the next objective short entry, older short positions have been burned for the...

PartTimeGenius

The next couple weeks will be very telling of what to expect from the market in the near term. Several major earnings this week and next, once they've been announced... ***Let's talk about it... ***

PartTimeGenius

Team, Welcome to another overview of the long term landscape of the market. It's been several months now since we've turned bearish on the overall market and although nothing seems to have happen yet, I just want to say that NOTHING HAS CHANGED (STILL BEARISH!). * TAKE AWAY FROM POST: We're expecting to see A Weaker Dollar A Rise in Gold Prices A...

PartTimeGenius

P.S.A: They still haven't announced anything. ...Maybe Trump will come through, I'm not sure about that tho. I think what's been happening the past few days has just been a lot of short squeeze. Currently sitting in no man land b/w 295-302. Regardless of all that, when something is announced... ***Let's talk about it... ***

PartTimeGenius

More island tops, Steeper rising wedge inside a larger rising wedge, Bearish RSI divergence, Bearish acc/dist. Need to see the current breakout fail (a break and hold below ~$215). When that happens... ***Let's talk about it...***

PartTimeGenius

Liquidity keeps drying up and the feds have decided they'll get back in the market (officially) soon, maybe they will solve everything. If someone knows how banks can survive this environment of negative rate that we're heading toward, please... ***Let's talk about it...***

PartTimeGenius

This has got to be the lowest volume we've seen in the market all year ( $SPY - only 13 Mil - by 11:30 am) Even thought the $AAPL is up +2% (second largest weighted component of SPY. Also, the top 4 are up). Just goes to show that once again, the old leaders are fading. Maybe there is news hiding the later part of the day... In any case ***Let's talk...

PartTimeGenius

Is today the day the house of cards comes down crumbling?... Maybe, need to see an increase in volume. At a minimum needs to print 2x avg. volume on daily. So far looks like low volume manipulation by algos... Remember that nothing happens unless QQQ breaks down or breaks out. nonetheless, still bearish! ***Let's talk about it...***

PartTimeGenius

Before we get started, I just wanna say that the method used here is an extension of an article written in 2015 on Stockcharts called "This Signal Is Bullish And Rarely Fails". Worth a read to better, it's a short article with more depth, but the forecast is outdated. In short: Consumer sentiment always leads the Stock market. Okay, so what's going on here?...

PartTimeGenius

Previous post on this scheme was at the start of the month, since then it's been pumped up about 2.5% (ALL TIME HIGHS they say... just buy everything). Make no mistake about it, they can still pump/hold it up for a while, but nothing has changed on the long term view. Also, they started "QE4 Light", maybe the FED will just keep printing money out of nowhere and...

PartTimeGenius

Third time is the charm ... ***Let's talk about it...***

PartTimeGenius

Broke down from last time's wedge and now just made a bigger wedge.