tacosaurus

tacosaurus Updated 

Shipping has been one of the areas holding up pretty well during this recent selloff. UNP, YELL, etc -- but of them, I like this noe the most. Decent little uptrend line. If it can hold above it I see this going to 17-20. Playing via Jan21 10 calls.

tacosaurus Updated 

SPX is starting to make a bottoming formation similar to what happened a few weeksago (areas circled - hitting this short term thick green uptrend line). I am still biased very negative but am starting to leg into put spreads against my long put positions. with volatility high there are soem great premiums to suck in while limiting loss from upside. We could...

tacosaurus Updated 

Many surely remember this hotly anticipated IPO which was then quickly murdered by the chinese government cracking down on them for privacy violations and all sorts of things. As we see china waking up a little bit (not just the recent JD/BABA news, but other china-tech issues seem to be recovering), I think there is a good chance DIDI struggles it's way back to...

tacosaurus Updated 

NVDA reminds me a lot of UPST from awhile back. (I could see this being cut in half back down to the long term uptrend line in no time) but short term, it looks like 280 is likely, probably in the next few weeks. if we fill the recent gap up that would be extra confirmation of a push back to 280. The negative divergence on RSI with higher prices also looks...

tacosaurus Updated 

Could see a move back to 60k from here. MACD slowly turning up. Nice hedge against stonk rout. I am playing through both BTBT and HUT calls.

tacosaurus Updated 

double top around the 57 zone. uptrend penetrated once. looking for ~~ 40 in coming week or two. positions: 11/26 48 put, 12/03 45 put, 12/03 55 put

tacosaurus Updated 

Lots to not like here. Aside from the obvious disconnect from "fundamentals reality", in the short term: * bearish divergence -- RSI making lower highs while price hit higher highs * short term trend line under duress; could make argument of a small bear wedge but meh * elon is thinking of selling shares (for world hunger ofc - just highlighting they're probably...

tacosaurus

Big bear rising wedge, spike high reversal day, heavy volume. the morning began with flight to quality (AAPL, MSFT), and they all turded out as well. High multiple names and shitco's slaughtered (SNOW, ASAN, NET, etc.). Seems there is a high chance of a very big smackdown coming. Could see a tepid bounce in the AM, but with another treasury auction (~50B of...

tacosaurus Updated 

Tested 300 and got smacked. small bear wedge implies more downside, perhaps to lower end of channel. looking for 270-280. be careful as we get closer to earnings. playing with dec 310 puts.

tacosaurus Updated 

target 15 - will take some time (if options, give at least 3-4 mos), but still high short interest here. note big volume spike on today's move. breaking under 6 would invalidate this trade.

tacosaurus Updated 

I think we see 260-265 by close. Selling seems to have abated and short term technicals are starting to turn up. playing w 250, 255, 260 calls, expiring today. perhaps some short covering before the weekend? idk, just feels like the selling is done to me. high risk, speculative, this trade is basically gambling , pls be careful.

tacosaurus

Recently had a big move and looks like it could be forming a short head-and-shoulders pattern -- ahead of earnings. With the head peak aroud 320 and the neck around 300, this gives a projection to around 280. This is also close to a 50% retracement of the big move it made over the past couple weeks so that doubly seems like a good target. @bjorn2z i am only...

tacosaurus Updated 

Title says it all: give it a week or two. opened this today with the dec 75 and nov 95 puts.

tacosaurus Updated 

Lots to like here - heavily abused over the past month, bouncing off previous relative low/support, possible falling wedge break to the upside, MACD starting to turn up, 50 and 200 day MAs around the 190-200 level. 160 looks almost certain while 180 is not out of the question. might take a few sessions to pop through - earnings coming up early november.

tacosaurus

earnings coming up early november. we have seen this wedge before. beware possible triple top - I wouldnt get greedy here. while it looks like a 450-480 could happen, i'd do some trimming at 380-400.

tacosaurus

Beautiful ascending triangle forming here. For "reasonably priced tech" (along with HPQ, CSCO) ORCL is a pretty good deal with it's ~~20 pe. give it a few weeks.

tacosaurus

Pretty basic high risk trade - falling wedge today setting new relative lows with higher readings on RSI. If we do see such a bounce, I don't expect to puncture the larger downtrend line which gives a max potential gain to around 370-371for the next few days. I'm playing this through Oct 4 expiration 358 QQQ calls (note: this is obviously very short term!)...

tacosaurus Updated 

In late June, I identified a bearish divergence and targeted the mid to low 50's. This clearly didn't come together, and quickly became a broken trade for a loss -- but what has remained is the same bearish divergence -- RSI making lower highs while the stock makes higher highs. And now we could be forming a rounded top. With earnings around the corner (sep...