Gold bounced off long term support and appears to be ready to break out of the recent downtrend with a wedge pattern which likely will resolve upward. Fundamentally GOLD should be $3-5,000 by now with the reckless policy of the US Government with decades of money printing and perpetual QE.
Still a money losing over priced burger joint! $30 next longer term support. Looking at the chart SHAK has bounced off temporary support almost a dozen times, this doesn't bode well for longs IMOP. Consumer is cutting back and trading down. With good solid dividend paying companies like MCD why would anyone gamble on this company who likely will be in BK in...
Overbought as are many stocks here from an overzealous bear market rally which suckers you in to thinking (falsely) the bottom is in. We are NO WHERE NEAR A BOTTOM!!!
I am hopeful this can go a bit higher before reversing back down so I can start a position. This has always been a crazy cult stock and is overbought here on several time frames and indicators. Only 111 PE lol, what a bargain, fools!
CMG overbought here gone too far too fast, and a 60 PE? lol. Ok.....
Will be looking to start a short position on UBER as it's overbought here and gone a bit too far too fast. Bear market rallies sucker everyone in to thinking(incorrectly) the bottom is in. We are no where near a bottom!
Lets see if they come out with BS numbers again where META claims half the worlds population is a daily active user lol. META/ FB could see under $130's soon it's in a strong downtrend, fading business, advertisers pulling back, competition etc. Bought 1/3 position August 26th $160 puts.
Earnings spike caused overbought indicators on several time frames and charts, high stochastics, high daily rsi, bollinger bands pierced, gap to fill with cloud resistance. Looking for small scalp. Bought puts this morning around $144 range. Bought August 19 $142 puts. Traders should be wary of buying bear market rallies most stocks today will be lower in a...
It's crazy town when losing 1,000,000 subscribers is good news. NFLX should retest $202 range. Bought 25 August 19 $222.50 puts
Already have a position, posted couple days ago. WMT was overbought on several time frame and chart indicators and yet continued to rise in the bear market rally to my chagrin. WMT cuts profit outlook after hours. Who could've possibly seen this coming!? WMT I have been in and out of twice since posting on July 12th where I didn't think WMT could go past $130....
How can AAPL guide higher? I say they cannot with a strong dollar, slowing hiring, slower spending means slower growth. AAPL should see $121-126 next pitstop and long term (months to years) under $80 as low as $65. I am incredulous all the people calling for a bottom, we are no where near a bottom!! We haven't seen the implications of a recession/ depression...
QCOM is an established downward trend with several overbought or reversing indicators from Stochastic, CCI, bollinger bands, long term support, Fibonacci, williams percentage, at cloud resistance, top of downward channel. We are nearing a wedge formation to break out or break down, I'm guessing the latter will occur. No position yet
Re-entered WMT short position this morning. Overbought on several technical indicators on various time frames. Purchased August 5th $125 puts will add small 127.50 and double down on position adding again $129 cloud resistance if reached.
I've shorted this stock several times much higher. Currently it's overbought on several time frame charts on multiple technical indicators. I don't care an insider bought shares, how'd that work out for Reed Hastings NFLX at $351 and dozens of other insiders, means nothing especially with no PE money losing companies. Purchased 35 August 19th $45 puts.
Lowe's, Home Depot, Restoration Hardware and this sector are overbought and ultimately going lower as we haven't seen the ramifications of higher interest rates, slowing economy, layoffs and everything else that comes with a severe recession. Bear market rallies are not to be bought! LOW is overbought on several time frame charts and indicators. Purchased 25...
AAPL is overbought here and I have been watching for an entry point over $140+ $151 looks to be a short term top where I will be looking to start a position and add every $2 in share price increase. We had a bear market rally last week where bad news is good news and all stocks were lifted higher. The VIX is oversold I would expect it to bounce along with AAPL...
Beware bear market rallies, they sucker you in and make you think the bottom is in! We are no where near a bottom, we have not experienced ANY of the ramifications of a deep recession yet including but no limited to: layoffs by the millions, foreclosures, repossessions, defaults, currency collapses, business closures. These rallies are great to trade and no fun...
Numbers weren't great, say what you will. Adding almost $1b of shitcoin sales to the balance sheet is manipulation at it's finest coming from CEO Liar Musk who said "we'll never sell out bitcoin". Also guidance was a JOKE!! 50% growth with caveat of inflation, supply chain, labor etc. Why give guidance then? Because he wants to keep this bubble inflated. ...