hungry_hippo

hungry_hippo Updated 

Trucking industry has overcapacity and hurting on margins. Expect this to retest support after earnings, $5 feb 21 puts are ridiculously cheap, so I went with that Virtually every tucking company has missed on earnings....

hungry_hippo Updated 

Another cheap shot at possible big money, went into $40 Feb 21 puts. Look at natural gas prices. That is all I have to say.

hungry_hippo Updated 

This stock melts up and corrects every earnings. Expecting the same here similar to CADE earnings. Of course they can have blow out earnings this quarter and I could be wrong like I was with JBL a while ago, but I'm into some $85 puts. Earnings are always a crap shoot so small position, target is $80 as shown.

hungry_hippo Updated 

I didn't exactly nail the pattern, but I was close. Much larger gap today than I expected, NQ was overbought so promptly sold the gap (that is why I posted it yesterday). Based on the bullishness, I'm expecting another melt up, but it's overbought now so I expect it to go sideways or slightly down first. Given that NDX is green again, it might just be...

hungry_hippo Updated 

MFI overbought, RSI getting there.

hungry_hippo Updated 

Super pumptarded gap, both the Chinese and Euros pumped futures as they bounced from oversold conditions, 40 pt gap as of right now. Not sure if it fades the gap right off the start or if it dips once RSI gets overbought, I will wait and see. WIth China and Europe both bouncing up, I have to leave open the possibility that the market has regained the channel and...

hungry_hippo Updated 

TSLA hit my coil target as usual, and appears to be set up for another short squeeze. This is just fun to watch even if you have no money in it, lol. I guess another pop up Monday, with earnings out of the way, there's really nothing to tank it until Wed. I think that's when it hits he top. But then again, everyone's been calling a top for the past 3 months,...

hungry_hippo Updated 

Was in a hurry this morning, so I didn't get a chance to update the arrows. Looks to me like we're getting a back test of the last channel before heading lower. Market went up because MFI went oversold, the pump and dump logic dictates that they buy futures now, pump overnight for a day or two then sell off later this week. Not gonna chase the market at this...

hungry_hippo

Crappy earnings as usual, people losing interest in the stock. Usually decays after.... see previous earnings for similar chart patterns. No position, there are better plays out there, short or long.

hungry_hippo Updated 

MFI went oversold as predicted but somehow RSI went up. Looks like a rally coming as money gets pumped back into the market. I might sit this one out or do a really small play, not terribly bullish with this virus thing going on. You know the usual pump and dump that happens every time MFI gets oversold.....

hungry_hippo Updated 

No rate cuts, repo ending in April, ECB re-examining inflation target, and coronavirus outbreak in China. Pretty darn bearish. Much harder to predict a market drop than it is to predict a nice channeled melt up, but I'm giving it a go here. I'm expecting a whipsaw drop (as if that wasn't obvious already), so I took the liberty of copying the arrows from the May...

hungry_hippo

First of all, I do not think this will happen, but we have to leave open all possible scenarios. If this corona virus spreads to the US, we can expect the US market to tank like the Chinese market. The most likely pattern being the fall 2018 rate panic tank. I do not see this happening because Trump and his buddies are already taking extreme measures...

hungry_hippo Updated 

China got a bounce and MFI headed to overbought but futures dropped anyways, which is obviously bearish. In addition, THE TREND LINE BROKE, and back tested already. This coronavirus is getting serious, not just the numbers but they're basically shutting China down. That is a real economic impact. With ECB and Fed announcing end to QE this year, the timing...

hungry_hippo Updated 

As you can see, the Hanger hit my red arrow target last night, and I'm expecting a small bounce from this oversold condition. If it bounces then so will futures, which means a gap up tomorrow. Not feeling terribly bearish right now, and this bounce isn't gonna be enough to make me bullish either.

hungry_hippo Updated 

So the coronavirus managed to knock indices into a different channel but the bullishness isn't done yet, and it appears they turned the pump and dump back on. AMZN up huge AH, driving SPX and NDX futures up as well. Not sure why I didn't trust myself... should have bought AMZN calls and kept my UVXY puts, oh well. I maintain bullishness for tomorrow, but more...

hungry_hippo Updated 

China keeps selling off due to Mexican Beer sickness aka coronavirus, taking the world indices with it. Appears we'r headed to support. When China bounces, so does everything else, so keep an eye on this,

hungry_hippo

Dropped out of one pennant due to Tim Horton news and into another larger pennant as shown. Targets are based on price, I do not expect the slope of the arrows to be correct. This may not even move until earnings or some other news, might just sit here and coil. No position, just charting this for my followers.

hungry_hippo Updated 

Daily patterns are the same as May 2019, expecting a bounce up tomorrow because: - China is oversold and ready for a bounce - AMZN earnings, I expect them to beat Can't get very bullish about any stock, so I shorted UVXY with intent to flip the puts tomorrow. If the market drops tomorrow I add more on Monday open. Anyways, bullish for tomorrow, bearish for...