bishopknight

bishopknight Updated 

I am watching 7400 as a potential breakout area. I believe if used correctly certain Fibonacci tools work in different situations, sometimes they are relevant, sometimes they arent. In this case, I am using the Fibonacci speed resistance fan. So far the price has followed this tool well. A rejection at 7400 would be bearish and move above would signal much more...

bishopknight Updated 

I am taking a break from shorting airline stocks to perform this trade. I am going with an equal TP/SL trade at 4%. However, due to a large upside, I will be modifying my strategy. I will be risking 4% to take 1/3 profit at 4% and will then move my Stop Loss to Break Even to remove risk. Instead of closing the whole trade for 4% profit, I am taking a small...

bishopknight Updated 

Get out of your fantasy land, put some shorts on, go outside, feel the sunshine, watch the market get nuked again this week, wear sunglasses, protect your eyes gentleman.

bishopknight Updated 

I have shorted many stocks including $SPY and will look for new lows before taking profit.

bishopknight Updated 

Will be looking for the next leg down to start this week, possibly tomorrow.

bishopknight

Crude Oil down 38% and the DOW only down 2% pre market. Get out while you can, the DOW and S&P will be rejected at their resistance and will head for new lows! Consider this a warning!

bishopknight Updated 

I will be looking for $AAL to follow this falling wedge downwards and likely lag till earnings. Earnings may cause more downside. Wall Street Journal EPS Projection: -$1.83 More realistic EPS: -$2.47 I believe revenue projections are heavily understated as shown by Ford. $UAL has quarterly revenues under 10 billion and predicted a revenue loss in march alone...

bishopknight Updated 

Quick and Easy trade here.

bishopknight Updated 

$4.90 Target

bishopknight Updated 

$AAL coming up on resistance, looking to see what happens Monday, expecting the price to go into the $13s and will be looking for a short entry around $13.50. Target Price: $9 Stop Loss: $15.50 Will likely be going with an option for this trade. Buy Put May 15 $7 strike @~.40 BOL

bishopknight Updated 

Airlines are currently taking a beating and Throughput is decreasing drastically each day. At the beginning of March throughput via TSA was recorded at 2,280,522. On March 31st, throughput was recorded at 146,348. 68 TSA screening agents have tested positive for COVID-19 and Airlines will continue to suffer while throughput is low. This makes for a great time to...

bishopknight

Many of us have noticed the possible falling wedge that bitcoin has printed so far. And after today, I am more confident that this falling wedge is going to see its way through. The .618 Fibonacci Level has proved to me to be the most important Fibonacci level to look at, and often bitcoin respects this level. We have printed 6 Fib levels in a $500 range....