NDX-100 FUTURES looks great. The correlations of the Futures are all in unison. Chart below is the NDX-100 Futures. Upper and Lower Range Targets. I personally expect higher moves in the overall markets as the week progresses. Eventually we will have that climatic move in the major indexes, once that happens it will be time to start shifting our strategies as the...
During last Friday's action we seen the major institutions come out in full force to defend AAPL, AMZN, and pounce liquidity into NKE. The finish on Friday was very strong, all things considered, that being some of the heaviest weighted companies are dragging the markets in their direction. We are heavy weighted and long in AAPL going into next week, after buying...
As someone who works within a firm who utilizes MSFT Azure for AI, RPA, and digital application services with facial recognition frameworks - GME could transition not only into a facial recognition and VR landscape but enhance the "user experience" around gaming. Then again, I think GME is bigger than gaming (and I don't mean Bitcoin or anything to do with that...
Hertz goes from verge of bankrupt to "saying" they will be buying $4B worth of Tesla's. Personally, this has the likes of the OTC Press Release hype to it. Even if this were to happen TSLA would probably lose on the deal; however, I expect this to be a scheme to drive up the stock prices of both companies and no such deal materializes. TSLA short to 920; maybe...
I am expecting markets to settle down; especially growth and have a slight pullback into the week as the super bowl of earnings weights in the shadows.
Growth stocks have a lot of concerns for me considering the GDP is shrinking, while inflation is expanding - expecting an economic slowdown into 2022, thus impacting the Interest Rate sensitive high beta stocks.
I'm not much of a Financial Analyst Trader; nevertheless, on certain types of trades / investments I may peak to determine feasibility for longer term outlooks. I like the fact there is enough in Assets to cover the entire companies expenses. In addition, it's nice to see a company who isn't in the infant stages with current trials in progress; therefore, shows...
Update: 9/6 3:47pm ET. Trying to hold and break above the resistance 1 level. Like to see more volume come into play here. Golden Cross is imminent with the 50 closing in on the 200 (SMA). Thus far looking strong with room to if, should it choose to do so. Keep an eye on those upper wicks showing supply. Bulls doing a good job holding the demand area of 0.0...68.
Weekly chart is building support after a long-term spiral downward. Basing out and ready to setup for a run, in my opinion.
$NKE (Nike) is starting to heat up. Keep this on the watchlist! Looking for a close and hold above 80.55 & 81.02 for this stock to potentially run up.
We've been pounding the table since the pullback and consolidation; chart setting up nice! Holding that 0.0...75 is fire! Next level of support 0.0..70 level Possible retest to 0.0...87 in coming days.
Gaming stock remain on fire, despite the pullbacks and downgrades due to $EA delaying their game release. Now that gaming stocks had a chance to reset - they still remain very bullish with significant upside going into the holiday seasons AND more games coming. Speaking of games... I flew out to LA for the Call of Duty 4 release and it was the most incredible...
$EA Electronic Arts is starting to look interesting again, after the gap down and consolidation. Call volumes are really picking up. Looking for price to break and hold the 114.80 (turning into support) to get this stock cooking again! 114.80 is the current trigger...
Some has asked my thoughts on $XEMBTC. Chart remains in correction territory as it continues consolidation. Interestingly enough, it's back at the support levels from December 2017, so there could be some potential for history to repeat itself with a bounce. Again, right now it's trending sideways... Last week it appeared things were going to turn around for the...
Pulled back as we expected with those distribution candles into strong volume. Nice bonce off the lower trend line and barely holding onto the 0.0...217 area. I'd really like to see that area hold with a candle close above it to remain bullish. Nice volume sizing on today's candle with the lower wick - we'll see how the candle plays out.
Chart was exhausted into the climatic volume. Consolidation is performing nicely on low volume with support levels holding in this minor sideways action. Maintaining above support 2 maintains bullish picture for me.
This is what we discussed a few days ago. Here we go with... 0.0...1558 turning into support.