goledger

goledger

Is this the end of quarter window dressing, or short covering rally, or the return of momentum investing (FOMO)? Might be all of the above. So hang-on.

goledger

It's been a good 4 weeks to own tech and some of the high momentum stocks from the recent past. People even appear to have quit selling $NIO for the time being. But the bigger question is ... how far can the $NDX run with this rally. My crystal ball is often cloudy, but always clearer when viewed from the rearview mirror, says ... Nasdaq 100 can easily reach...

goledger

Great company. They are scheduled to report earnings next week on June 17th. It appears many investors want to get long the stock before that date. Note: Adobe is the 12th largest company in the Nasdaq100 (based on market cap) and ytd price performance is in line with the NDX. But the stock is currently trading 2 standard deviations above is average ytd price,...

goledger

$GOOG is up $714 year-to-date thru June 7th. That's a 41% gain for the year. The NASDAQ 100 is up $914 year-to-date. A mere 7% gain for the year. Based on Google's relative out performance (>30%), and in consideration of the recent tech rally over the past 2 weeks, and as a contrarian play ... I thought it would be smart to pick up a Jul '21 Put contract...

goledger

Warner Media Discovery deal not all bad ... right?

goledger

I'm not trading it, but have been buying some each month. Started the year with a plan to add $500 to $1000 monthly, regardless of price. Appears to be more headline sensitive than technical analysis dependent. But recently has been bouncing around weekly pivot: P = 37200 since May 19th. Sticking with my monthly accumulation plan, but have broadened to include...

goledger

Looks okay here, but $LVS might pull back if broader market pauses or enters downturn in early June. Pivot points to note: S1 pivot is approximately $55.80; R1 is $59.20 YTD linear regression line currently at $61. Linear regression in uptrend which reflects recovery form late January sell-off. I wouldn't describe it as drastically oversold at this level. For...

goledger

Same chart, but more bars and showing upper and lower bounds of 1% standard deviation, year-to-date.

goledger

Great run from low of $1025 on May 13th. Don’t think this run is over, but $SHOP appears to be finding resistance at $1245 level. Expecting more upside, but might be range bound between P and R1 pivots, near-term. P= 1180, R1= 1290, approximately. Pivots shown on this graph are Traditional, Weekly pivots. Dashed line = 100 day linear regression. Also note...

goledger

Not going to wait for it to tick-up above $140. Opening a position now with target price of $165. Anticipating post COVID travel resurgence. And I like this chart.

goledger

in the absence of a broader and more protracted sell-off in the NDX ... Twilio looks to have a better chance of regaining its linear regression line (currently around $338 or so) ... and lesser of a chance of retracing to last September's price levels (lower 220s). Current price levels reflect more of a "risk-off" sentiment for cloud based companies that...

goledger

$SHOP reported strong 1st quarter numbers last week (week 17 of 2021) and finished the week up 7.2% (moving from $1099 to $1182). The Q1 earnings release was initially met by a strong price movement, which was quickly given back over the following 2 days disappointing most investors. The 20-week linear regression line is currently at $1196, a minimal...

goledger

$935 May or June Put? Sell or buy the put(s)?

goledger

Down 49% in 13 weeks. Valuation metrics confounding many. Will NIO need to raise money before year-end? if so how dilutive, and how much punishment on stock price. Technical analysis is imprecise science at best. Short-term price movement not really predictable with high level of precision. Long October $30 calls and a handful of shares. Purple line is 13...

goledger

Shopify made two unsuccessful runs at the 50% Fibonacci line this past week. Little reason to doubt it won't try to break through at least once more prior to earnings April 28. $495 sell-off in Feb March has many doomsayers calling for a bigger sell-off and perhaps an overall revaluation of this high growth ecommerce stock. They may be right ... but I'm...

goledger

2021 has been a tough year to own Chinese EV companies. Just brutal in fact. Maybe NIO is trying to make a triple bottom here at $34.5 to $35. I miss the old NIO.

goledger

Debit call spread might be a good idea here (bracket 1250 or 1270, perhaps June). NDX and earnings optimism will be the key drivers for the next 2 weeks. Continue to believe the pivot points make sense.

goledger

99 day channel, with plus or minus 2%, midpoint line (mean) approximately $61500 (currently) Lower boundary around $53000