WhistleTips

WhistleTips

Looking at the US markets in general we are due a pullback. Just a quick look at AAPL shows it has reached the 0.618 fib from the previous December lows. This is a great place for longs to take profits and shorts to enter. This is not financial advice. Do your own research. -Whistle

WhistleTips

The S&P 500 has been in a bullish channel since 2009. The 200 day moving average has stayed within this range. Last week's rejection at the top of the channel paired with a bearish hammer signals a reversal. There is a potential for this to be a bear trap, so keep an eye on weekly closes. A likely scenario is we revisit the top of the channel around 2840 and get...

WhistleTips

NFLX has been the poster child for NASDAQ gains. There were a lot of gaps upward from the December lows with not much changing fundamentally, (Disney and other competition entering the market 2019). Keep a close eye on the current rising wedge - if it breaks to the downside, short until $320. If this breaks to the upside, close your short and wait until $380 to...

WhistleTips

The S&P500 dead cat bounce is almost complete. Expecting a bounce from recent lows to the 0.618 fib. Set stop loss below the previous bottom. This is not financial advice.

WhistleTips Updated 

The NASDAQ has soared since the December lows with not much pullback. I'm not expecting a market crash, (yet) but a healthy correction is possible. SQQQ is a leveraged short of the typical FANG stocks - this is an easy way to short the NASDAQ. Take profits at the 0.618 fib and keep remaining stack with close stop losses after.