Added puts to my position today we are approaching Fibonacci resistance, cloud resistance, overbought on several time frame charts and various technical indicators.
VIX is oversold on several time frames on various indicators from the recent bear market rally where bad news was celebrated as good news. I'd expect the VIX to bounce this week and stock averages to reverse lower.
QCOM has been on my watch list and recently posted a chart but was not ready to initiate a position. QCOM is overbought on several chart times frames and various indicators on a bear market rally which lifted all stocks. I believe the rally will fade and ultimately print new lows. QCOM needs to break past the cloud and hold which I don't believe it will, this...
It's beyond me why anyone is chasing the US Dollar up here with the reckless nature of the US Federal Reserve and Government's fiscal house. $30,500,000,000,000.00 debt and ballooning deficits as far as the eye can see. The US Dollar will collapse and we will have a Great Depression 2 in my lifetime. Long term trend line is around 98, once that level breaks,...
NOW continues to bounce off $406 ish support and hits a $511 ceiling within this range, oversold on several indicators no position yet. I would expect a bounce to 50 dma $461.66 then $468 to test cloud resistance. Service NOW reports earnings August 3, 2022
75 PE lol, hospitality stock way overbought and overvalued here. Sold short 1,000 shares @ $11.30 will add every $1 increase in share price
HD in an established downtrend, overbought on several charts on various indicators. We haven't even seen weakness in housing, job losses, consumer cutting back HD has a long way to fall. Bought 26 Jul 29th $285 puts will add every $1.00-$1.25 increase in stock price, first pit stop is $250 range
MRNA overbought on couple indicators on various time frame charts chart has long term support and long term resistance looking for a correction back to cloud support of $150 range. Purchased August 12 $175 puts will add if needed
Overbought on several indicators on 1 hr, 3hr, 4 hr and daily charts, below long term support, below cloud, weak and next stop FIB is $108
Overbought here on several indicators. Purchased Jul 29th $287.50 puts
AAPL looking toppy on 1,3, 4 hour and 1 day charts on different technicals off the recent bear market bounce. Purchased July 22nd $146 puts 1/2 position will add every $2
GOOG looking toppy on 1, 3, 4 hour charts as well as daily on various indicators. Looking for correction under $2280- 2300 range in coming days. Purchased July 22nd $$2375 puts will add $2425 if makes it there
Overbought on several indicators on 1 hr, 3 hr, 4 hr and daily charts.
Why is LVS rallying with other casino stocks? Great Depression 2 on the horizon, companies have begun laying off and will do so in spades soon. 30 year mortgages went from 3.2 percent to 6.5-7%, gas is $7 a gallon, credit card debt is a record $1.1 trillion soon enough vacations and leisure will cease as necessities will be all anyone will be spending on. Steer...
Next stop is 15k then 13k then 5k then zero. Steer clear this pump and dump scam which will NEVER be used as currency and will NEVER replace the US Dollar= N E V E R!!! Anyone buying Bitcoin is a fool. It has NO INTRINSIC VALUE! Bitcoin is going to ZERO! It will NEVER EVER EVER replace the US Dollar . The US Government would ban it as contraband first. They...
Gold is supposed to be a safe haven, inflation and debt hedge, and yet it's not acting accordingly because Wall Street believes J Powell liar extraordinaire. The US dollar has spiked over 108 with record debt and deficits. This selloff in gold and run to the US dollar is TEMPORARY. When Wall Street figures out the fed cannot reduce it's balance sheet to zero,...
Guardian Health has had nothing more than a dead cat bounce along with the overall market today, the long term chart is in a nasty downtrend and we're in a bear market, rallies are to be sold, not bought
In a time of higher interest rates, slowing growth, layoffs in everything tech, this stock is not a knife you want to catch, looks like just another suck you in bear market rally which is to be sold, not bought!!