bsdvs23

bsdvs23

The market complexion has changed greatly from "there is no chance of a recession" to "well, maybe there could be a recession" as the economic data continues to deteriorate. Continuing Jobless Claims in the United States increased to 1.375M in the week ending June 25 of 2022 from 1.324M in the previous week. The number of Americans filing new claims for...

bsdvs23

Based on the complexion of the market and weight of evidence of the market structure I continue to look for downward pressure. I will be in this position up to this Friday; however, may choose to exit within 1-2 days. Speaking of Friday: Friday, June 10th CPI Expectations. I'm expecting to see a 1.6% increase for the month of May, which will all but destroy the...

bsdvs23

If AAPL gets to our 151 - 149 area we will be implementing buy orders. This will correlate with our SPY postings (videos and posts) regarding the 398 - 394 area. No gurantee these levels get touched or breached; nevertheless, these are major trigger data points for us if price action reaches them.

bsdvs23

If the downtrend continues as we expect then we need to focus on the DOM C level as a potential target. If the markets were to 'gap up' on Monday it is our opinion those are triggers for going bearish into 'assumed strength' by the novice traders. We are heading for the May 2021 lows on SPY (aka ETF of SPX). NOTE: If this DOM C level is breached, then our...

bsdvs23 Updated 

Visa had a nice climb but it is over extended from my data points and has a high degree 83% probability of pulling back "to and below" 210.09 end of the week. However, you can always establish this target for next week in terms of duration of trading vehicles (e.g. options).

bsdvs23

As much as I really am bullish on AAPL through products and bias -- I am bearish on the stock going into earnings. I know, I know. How could you!?! Especially after Facebook. I believe AAPL has that 150.00 target to the downside. There are many-many more services and capabilities coming from AAPL and products yet to be announced; especially around healthcare. In...

bsdvs23

Time to go against the grain of the general public with Facebook #FB. I’ve been sharing my bullishness on Facebook and Metaverse on Twitter and through some of my videos. Many are focusing on Facebook through an advertising vehicle, but there is much more than what meets the eye. Just like the bullishness we shared on MSFT yesterday in trade alerts and recapping...

bsdvs23

Bullish Target 282.57 to 291.11 by end of the week. They report earning close of business today. I expect MSFT to have growing exposure to cloud base services and expansion in services. In our last 6 week performance data metrics; MSFT has remained within our DOM parameters 4 out of 6 times. That range for the week is 291.11 to 256.95. The company may also...

bsdvs23

Gaps closed on the Daily Chart: This is purely a Weekly Trade on JBLU for a close above 11.82 by end of the week. If using Options you can extend the expiration date out, use vertical spreads, etc. Trade Small and average in, as applicable to your trading plan. Our back testing has a 5 out of 6 rating; therefore, 83% historical probability of closing above this...

bsdvs23 Updated 

Current price is 898. Weekly trade is enter at this price level up to 910 for a close above 919.88 by the end of the week. The yellow note in the chart is referring proprietary data that I use for identifying anomalies. Probability here is 5 out of 6 past weeks with positive outcome; therefore, 83% probability is ideal :-)

bsdvs23

NKE has remained within our internal trading parameters. After assessing the past six weeks our probability is pushing out greater than 90% of closing above the 122.68 by end of the week. Therefore, we are bullish in short term sentiment. Bullish target could be the 129 area, but remaining above the 122.68 is the overall target. End of the week is the key;...

bsdvs23

As the growth sector #XLK and #NDX makes lower lows there are spots of divergence displaying, which could pose as some upward impulses this week. In that case it could help to normalize a temporary ‘higher low’ in terms of the holistic outlook. My TradingView charts (found at #bsdvs23) have mostly been bearish across the board with a few ‘potential’ bullish...

bsdvs23 Updated 

Facebook has a neutral to downside pressure. Downside to the 210-200 would be the first target if the trend continues. There are many possibilities into the world of Facebook / Metaverse, but challenges ahead will be more subjective than what many believe. In any case, the main focus is the charts and not the company itself; therefore, keep an eye on that April...

bsdvs23

For the past week we’ve been saying how the Semiconductors #SOX and NASDAQ-100 #NDX continued to not only trend in the same direction but their expansion between each other was evident of liquidation pressures continuing. These were even more evident as the 50 day moving average and 200 day moving average became dominant components of resistance. Nothing good...

bsdvs23

Big Picture Price action has been climbing off the lower low of March 7th; currently in sideways consolidation with a series of large bullish engulfing candles. Price action has run into our 42.71 resistance area. Price needs to break above the Feb 14th high to make a higher high. As we breakdown the price action layers we see that the price ran into our supply...

bsdvs23

AAPL is being pinched in between the 200 day and 20 day moving averages. We have a supply overhead at the 169.25 / 168.50 and demand at the 165.40/164.10. You can use those areas as levels on small intraday timeframes for potential day trades. The 163.24 is an area below marked in yellow where I expect AAPL to remain above by end-of-day Thursday, since markets...

bsdvs23

NASDAQ-100 Futures 14,000: Capitulation Heating Up. We did a video this morning (On YouTube) around 6:30am talking about the 14,000 as it was a piggyback video of the one we did yesterday afternoon ‘live’ as we anticipated that area being touched before the end of the day. This morning we assumed the market would get some type of relief bounce, even if the CPI...

bsdvs23

With all the excitement recently around the #wallstreetbets drama in #AMC many continue to chase the 'what if' and are looking at AMC as something it's not. AMC is the same company it has already been. Until AMC has a change in complexion in the chart structure -- the trend is your friend in the descending direction. Until the market structure of AMC changes on...