Tues. I said to use the expected rally to get out! I pegged a one third chance that we would test the lows and two thirds that we would break below. I now believe the odds are almost 100% that we will break below!(maybe even today) We now can either be confirming a long bear market or looking at a quick 1987,1929 type CRASH! Stay tuned. Chartsmaster
Use any last bounce today to get out of most stocks and funds. The best case scenario (1/3) is we retest the early Feb. lows. The worse case scenario is we break below and have a crash or confirm the start of a new bear market (each 1/3)! Chartsmaster
In the grand scheme of long term investing it really doesn't make much difference if it takes three more weeks or three more months for a breakout to take place. Either way, the years' long wait for the coming upside explosion in silver is weeks or months away. Take a look at a five year chart of silver and see the beautiful cup and handle. The longer the handle...
Friday's drop below 15 offers a good entry point to Buy MAT. The Toys R Us bankruptcy is a short term negative but really not a long term issue. At this price level Mattel either slowly improves over time with a 50% gain or gets bought out with a 100% gain. I will take either. Buy. Chartsmaster
I first recommended buying NTNX last April below 18. I have posted numerous times with buy recommendations (one exception a correctly called correction to around 30 which occured in early Feb.) I believe my highest price target was around 50 depending on if a multiple bidder takeover battle materialized. Well, so far no announced bids( I still believe it is...
Monday, I posted to Buy XON under 13. The chart is very "tight and quiet". I have mentioned this setup in a number of my buy recommendations. Not only is this almost always a precursor to a major move, but when the stock has been building a base after a very bad year, hugging the 50 day mvga and well below the 200 day, the odds favor the upside breakout. Earnings...
Now is the time for Both long term investors and short term traders to Buy XON! Today's dip under 13 is a perfect low risk entry point to add to or originate positions. Short term traders can look for 17-18 to take profits. Long term investors should hold for long term capital gains.(multiple years) BUY! Chartsmaster
I have had this stock on my radar since shortly after it's IPO last year. I knew it was grossly overvalued but had to wait for the chart to tell me when this "goose would be cooked". We are there. GOOS's market cap is 8 times revenue. Holders should get out now if they haven't already flew the coop. Traders and speculators can sell short & or buy 3-6 month puts....
Every time AMZN rallies 100 points it falls 200 after. SELL, go short if you are an institution and Buy puts and Sell calls. The gap under 1000 will be filled this year. SELL! Chartsmaster
Another chance to Sell AMZN, go short and Buy Puts & Sell Calls. AMZN heading to 1250, then 1200. Under 1000 eventually!
Next week after AMZN takes out 1300 it will stop for a brief cup of coffee around 1250 on it's way to 1200 shortly after. My target just below 1000 will be reached sooner than expected. SELL. Chartsmaster
As my continuing commentary since calling the topping process, to the actual top, the first level of support, the dead cat bounce and the current drop, continues to follow the script, we just tested and bounced after getting close to reaching the Tues. morning lows that I said yesterday would be "tested". Unlike the dead cat bounce that I said for short term...
Those who have followed me here on TradingView know that I have "pounded the table" maybe a half a dozen times. Mostly for NTNX & IBM. This is MY STRONGEST recommendation! I am repeating my call from 2/1 on Silver & CDE. Take a look at very long term charts on both. Buy Silver here under 17 where it has stayed since last week, and CDE under 8. It popped a little...
Yesterday, I posted that AMZN as a stock is "Toast". I recommended that holders, sell and institutions sell short and option traders buy long term puts and sell long term calls. Today, I am repeating those calls with the additional statement that my price target is 1000. Actually, I expect the gap below 1000 to be filled, probably by year end. SELL. Chartsmaster
So far, exactly as predicted. Today should mark the end of the "dead cat bounce"! The market has more downside before a real bottom is in. Not yet sure if we just test the lows or break them and go lower. More likely we break and go lower. SELL. Chartsmaster
AMZN may still have years of growth and viability as a Company, BUT it is Done as a stock! It should be sold here over 1400 and institutions should sell short. Option traders should buy long term puts and sell long term calls. As a stock AMZN is toast! SELL.
My earlier post was RIGHT ON! Dead cat bounce coming rest of today and most of tomorrow! Short term traders can Buy for dead cat bounce. Chartsmaster
Two weeks ago I posted that the market topping process was well under way and followed up a few days later that it "Had Topped". Take a look at a 6 month chart of the major averages. The DJI went from just below 22,000 to 26,500. A 50% correction of that move would be a drop to about 24,000. That may or may not be the bottom, but a good point to look for and...