0. Notes to follow; 1. Stock just below $280 long term trend; 2. Opening a large position at $278 here. 3. Berkshire Thesis
0. Notes to follow; 1. Wanted to get the technical chart up quickly and add some notes here; Notes
0. Notes to follow; 1. Just getting the technical chart up, then will start notes. 2. Late start today :) 3. Waiting for J Pow to do something, maybe dance a little jig, and say "fed error" quietly under his breath ;)
Important SPY / SMH / Precious Metal Notes Just because we don't post about every single stock, doesn't mean QQQ and SPY analysis has no value. It has great value. Unless stock specific information is taken into account like earnings or SEC investigation or buyout, etc., stocks move with beta / multiples correlated with the indexes. If QQQ goes up 1 percent, NVDA...
0. Will provide updates here; 1. SPY hitting $412.55, as support. 2. More notes here to follow after close;
0. We are aggressively buying at this point; 1. More notes to follow;
0. Beautiful Diamond Bottom Here folks; 1. This is a rarity, and what we saw from AMD at the TOP. 2. We should be making a measured move to resistance at $370; 3. See you in the VIP Box; - drchelsea
0. Notes to follow; 1. Although this derived equity (if you can call it that), is impervious to Technical Analysis, we will take a stab here and say this piece of garbage, that many bagholders have been buying as stock, and buying options left right and center, as in CALLS, are going to get smoked. 2. This is a decaying, derivative, and it should not be held,...
0. Don't like to call bottoms, but this looks like it. 1. We may retest later on, but I think the QQQ's are done about 3 days ago. 2. We have Diamond Bottoms, Inverse Head & Shoulders all over the place. 3. This is the 1990 October Bottom, to a tee. 4. Today appears to be Distribution / Consolidation 5. Monday will probably be 4%+ Day - drchelsea
0. Notes from last post Counter Trend Rally? $80.75 - Important? 1. $80.75 going back a long while here. 2. Also the center on the Asymmetrical Triangle going back to July 2020. The completion of this pattern was the run to $164.55, but that should have stopped at $114.50, or $122.50 where it did, "based on the measured move" which is $30 from $82.50...
Counter Trend Rally? $80.75 - Important? 1. $80.75 going back a long while here. 2. Also the center on the Asymmetrical Triangle going back to July 2020. The completion of this pattern was the run to $164.55, but that should have stopped at $114.50, or $122.50 where it did, "based on the measured move" which is $30 from $82.50 breakout 3. July 17 2022 -...
0. Notes to follow; 1. This is complete panic selling; 2. If you have cash, put it to work. 3. You won't get many buying opportunities like today. - drchelsea
0. Notes to follow; 1. This is complete panic selling; 2. If you have cash, put it to work. 3. You won't get many buying opportunities like today. - drchelsea
0. Notes to follow; 1. This is complete panic selling; 2. If you have cash, put it to work. 3. You won't get many buying opportunities like today. - drchelsea
0. Notes to follow; 1. This is complete panic selling; 2. If you have cash, put it to work. 3. You won't get many buying opportunities like today. - drchelsea
0. Notes to follow; 1. This looks like the bottom in tech folks. 2. Time to back up the truck. 3. You are looking for GARP (Growth at a Reasonable Price) 4. Think AMD / NVDA / IBM / MU / SNOW / NOW / AMAT / LRCX / ADI / TEAM / GOOGL / ORCL / AVGO 5. We are now ALL IN. - drchelsea
Technicals 0. QQQ currently in a downtrend, since Nov 19, 2022 1. QQQ Down 23.24% From All Time High 2. We got an Inverted Cup & Handle from the $320 Pivot, giving us the Lower Low on May 2, 2022 of $309.67 3. Today we got a test, in what appears to be a Broadening Bottom. 4. May 5, 2022 (Today), we get a re-test of the May 2, 2022 Low at 3:30pm 5. This was...
0. $91.55 looking like a great entry point here. 1. You are really going back to July 2020 in terms of pricing. 2. The risk / reward here seems great. 3. Would be looking to enter a position here and average down at: - $89.95 - $87.50 - $82.50 Cheers.