Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Mean reversion day trade on the 6E. Entry @ 118015; Exit 118095. I expect that price will come back to 118500
UPS is in Wave 4 of 5 bearish impulsive move. Target is lower 75-70
Alector has completed a Wave 4 of 5 bullish move. Target is $40-45
TRU has completed a Wave 5 of 5 bullish move. Recent price action was not able to take out the highs and earning was a surprise to the downside. I expect a return to the start of Wave 4 which is approximately 77.50. Target 75-77.50 from current levels once it completes the gap left between 90-91.
HubSpot (HUBS) completed a Wave 4 of 5 correction and has initiated the final Wave 5 of bullish impulse move. Target 205-210 by early-mid April.
ServiceNow (NOW) retraced to complete a Wave 4 of 5 impulse move. In the process, it filled the gap created by the impulse move from Wave. Target 390-400 by mid to early April.
SPLK completed a Wave4 corrective move and is prime for a move to ~$195-200 by end of April.
TXRH gapped higher with Earnings to complete a Wave 3. While I am bullish on the stock. I expect that TXRH will initiate a correction wave and for price to fill the gap that it left with Earnings before it continues to move higher to 80. Setting my initial target of ~65 by early April before it continues to move higher.
Johnson and Johnson (JNJ) is at the start of a final wave5 of a long impulse move. Target 160-162 by end of March.
I am not prepared to make a recommendation but I am intrigued by the company. It is in the renewable energy space. Fundamentally, the stock is a bit overvalued with P/E, PEG and P/B overvalued but it is in the solar energy sector. I am including my current wave count and would look for entry into the stock between 30-35 for what I expect eventually will reach $50+.
UNP appears to have completed a Wave 5 bull move. Price action on 2/6 was not able to take out 188.96 high. In addition, price has broken below the 2-4 which provides further evidence lower prices are taking hold. So, I expect that price will return to the start of Wave 4 at 167.5.
APA is in Wave 5 of 5 swing to the upside. Target 36 just prior to earnings, 3rd week of Feb.
TWTR is in a Wave 4 of 5 impulse move down. With Earnings in the horizon, price looks to move lower to 24-26 by mid February
H - Hyatt Hotels is in a Wave 4 of 5 impulse move. Target is 95-96 by end Feb early March
BMRN is in a Wave 4 of 5 impulse move. Target is 98-100 by end of Feb early March.
CHL is in an bullish impulse move. Price broke Wave 1 and it is currently in a Wave 3 of 5 pattern. Minimum target is the 100% extension of Wave 1 which is 45-46.
SLV - Silver ETF is in a Wave 5 of bullish impulse move. Target is mid 19-19.50 by mid November.
GODADDY is responding off a key level of support at 60. Looking for GODADDY to retest 68. Earnings coming up in mid November.