SPY_Trader

SPY_Trader

SPY looks ready to run, but what about those gaps?

SPY_Trader

Looks like the stochastic is showing an ease in the profit taking, and SHIB is staying in the upper channel Bollinger Band. There is a lot of speculation about this coin, Will it live up to the hype?

SPY_Trader

Decided to roll the dice, and bought more SHIB today. Way too young for any real technical analysis, but here is the chart below. I bought this because nothing else makes sense, so why should crypto. Musk likes it, so that will probably make it pop more than anything else.

SPY_Trader

Love it or hate it, looks like crypto SHIB is about to pop, looking at the chart.

SPY_Trader

Looks like the early birds are hoping to get their worms here. The Stochastic has a bullish crossover, and the SPY has bounced off the lower BBand. MACD still showing a more cautious sentiment though.

SPY_Trader

Unlike most cryptocurrencies, ALGO is up big over the last few days. If I were trading this, I would be looking to sell, and hope to by back at a lower price later. But, I'm getting a really nice staking reward, so I'm just going to hold on to this one. Over all, I'm up over 300% on this. Probably going to get slaughtered like a pig.

SPY_Trader

I have a bearish outlook on Microsoft (MSFT) based on the Stoch, BB, and MACD charts. Due to report earnings today, decided to take advantage of increased volatility and sold an at the money call spread with 3 days till expiration. Not my usual play, but decided to open a small position. Sold the 287.5 calls, bought the 290 calls.

SPY_Trader

QQQ seems a bit overbought, and buyers are getting tired. Looks like Stochastic agrees, and the BB shows the price pulling away from the upper band. MACD still holding out, but starting to tip downward. Hoping for a nice big dump.

SPY_Trader

Funniest crypto commercial def goes to etoro, which I don't use. Doge stinks, like most crypto. They all have these big plans, but has anybody tried using them to buy things? I have, binance is a nightmare, and the others aren't much better. Still, I'm not going to act like I'm above the FOMO, I'm HODL'n some.

SPY_Trader

Stoch is showing an overbought condition, and QQQ seems to be pulling away from the upper Bollinger Band today. MACD shows the uptrend to continue, but a quick dip below 353 would sure help my short call position. May just roll the July calls to August, and sell some OTM puts to ease the pain.

SPY_Trader

The only VTHO that I currently hold is from staking VET, but that is about to change. I'm seeing some upside movement, and am going to buy a small position. The STOCH shows VTHO coming out of an oversold condition back on May 19th, and continues this trend. VTHO is currently trading in the lower channel of the Bollinger band, which, isn't a bullish sign, so...

SPY_Trader

If I were trading off the Stochastic, it would be go time on VET. According to Stoch, VET is coming out of an oversold condition. While the MACD appears to be moving toward the same decision, it has not confirmed that selling is over. Bollinger Bands have VET moving away from the lower band, but we could see VET just returning to the SMA, currently at .16, and...

SPY_Trader

Sellers seem to be subsiding on dumping ALGO, and surprisingly, my Binance account actually allowed me to purchase some ALGO today. I'm half tempted to just empty the account, since it has been locked for no reason for about 3 months now. But anyway, got in on a good price, and was able to add more. Might not be the best entry, but it is a good one.

SPY_Trader

Just bounced off the lower Bollinger Band. With all the bad news, can't imagine QQQ has any more juice left. Staying short on this one, looking to profit from a downward move.

SPY_Trader

So in this overbought position, we get an abysmal US jobs report. Market responds by moving up. I feel like this could be a trick, but I'm going to see what happens this afternoon, and my actually sell some puts , based on technical indicators

SPY_Trader

Looks like any ALGO my be bouncing off the lower Bollinger Band, and could be moving up from here. If anybody is on the sidelines waiting for a better price, you might running out of time. The Stochastic shows ALGO coming out of an overbought range. MACD on the other hand, isn't convinced that the price has found bottom yet.

SPY_Trader

Have a small position in ATOM. I don't trade it, because I want to earn the 5% staking reward. I just bought some a bit ago, and am holding on. Looking at the chart, seems like a good contrarian buy, has been feeling some downward pressure as displayed by the BBands, Stoch, and MACD. No real "TIMBER!!" moment, just some light profit taking. I'm guessing I'm not...

SPY_Trader

Doesn't really matter what it is, I say short any IPO on the 2nd day. Short NASDAQ:COIN .