WadeYendall

WadeYendall Updated 

COIN made a nice move back on June 28th but was rejected at 260. Watching this trendline and the shaded box now. A break outside the box could send price to 291 then 300/344 very quickly. All contingent on BTC of course with 260 being the key level.

WadeYendall

The market sold off yesterday but recovered nicely later in the day. I believe it was a case of sell the news going into the the big tech earnings reports as well as people taking money off the table before the Fed meeting today. Seems to be a pattern lately. Run up into the Fed and then sell off just before. I am hesitant to load up on positions right now. ...

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ROKU looking strong going into earnings. Good chance for a breakout here. Want it to stay in and above the green box. Targets = fib extensions above.

WadeYendall Updated 

I'm running out of targets. If you go back and pull up my previous posts my longer term target has been the 4500 zone. Price has continued to chug higher pushing through one resistance level after another. For me the 4500 zone is a big level just because it lines up on multiple time periods going back to 2009. IMO this level has been a magnet pulling price...

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So now interest rates are getting too low. lol. At this point we are looking at a healthy correction after a strong run up. If the selling continues this AM I will be watching 14400 area. Currently at the 9 ema. A move to 14400 would take it to the 21ema, 236 fib and trend line support.

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KMX poised to breakout post earnings. Two possible plays on the this one. Either take it early on a pull back to the green box and then hope for a break or wait for the breakout and then take it on a pull back to the green box. I prefer the latter. Stops either way would be the below the green box. Targets would be the fib extensions.

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I like ORCL on a pullback to the green box. I find the 886 measured like this to be a high probability entry zone after a breakout. Stops would be below the green box and targets would be the fibs above. I do not plan to chase this.

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Despite the bullish price action Friday and today in the NAS 100 I am still hesitant to enter any new swing until after the FOMC minutes are released tomorrow at 2pm est. Tech has had a substantial push higher with the surprising drop in interest rates. For now the reflation trade appears to be off. Price has now come into the 1.618 fib measured off the...

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Beautiful breakout today above the multi week consolidation. I am not in this yet so will be looking for an entry. My preferred entry would be on a pull back to the top of the box. Price closed today right at the 1.13 fib resistance zone so a pull or at least some consolidation is possible. If price pushes higher right away I will wait for some consolidation...

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Going through weekend charts and noticed a lot of energy names popping up on the scans so I pulled up XLE. I marked up this chart awhile ago as price was coming into the 55 area where I expected some resistance. Price pulled back in the 55 zone and retested the downward trend line. If price can work its way above the red box a push higher is likely. First...

WadeYendall Updated 

COIN may be confirming a base here. Traders might be front running a potential recovery in crypto as BTC has been holding the 30K low. Key level = 250. Aggressive long entry would be off the trendline here. Safer play would be to wait for a break of 250 and target fib levels above. Risky stock... trade accordingly.

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The NAS has coming into trendline and shorter term fib resistance at the same time that the ES/SPY and DIA look poised to move higher. I would not be surprised to see a little rotation out of tech into the industrial/ value names again. My near term target for the NAS is the upper red box on this chart. It just may not get hit this week. With the FED meeting...

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TSLA has broken the 382 fib resistance at 636.. This could yield a move to 690. Expect resistance at the downward trendline. Needs to hold above the green box. Beyond 690 look for 730/754.

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FSLY working on a break of 60. Could yield a move to 70 and maybe 80. Risk below box. Need to be careful with entering new position right now as the NAS 100 is at resistance.

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Here are my dump levels again. So many people talking about BTC getting to the 24/27K level I had mentioned that it may become a self fulfilling prophecy and here we are retesting the low. I have had limit orders in for a while now and I'm guessing that I am not the only trader expecting this flush move. Check out my previous posts to see how it has played out.

WadeYendall Updated 

I like COST long in and above the green box for a potential ATH breakout. Nice consolidation at the high after deep pullback and recovery. Targets = dotted black line and fib extension. Not interested if price drops back below 375.

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Look for PINS to pull back into the green box or hold above it for a move up to the 618 fib. This would be a gap fill. Targets on a pull back trade to the green box would be 71 and 75. Not interested any more if price falls below the green box. Needs Nas100 support.

WadeYendall Updated 

AAPL has just broken out of a 1 month consolidation after managing to crack 128.50.. I like idea of taking it long on a slight pull back to the break out point for a move to 131.50/134/135.50. The NAS has just broken the ATH high so this trade is contingent on momentum follow through and positive reaction to the FED meeting and rate announcement on Wed. The...