tacosaurus

tacosaurus Updated 

Part of the recent rally in SPX could be attributed to the declining dollar. It looks like today we have bounced off a support line and are constricted with a downtrend line. In conjunction with the selloff today I expect there to be an increase in demand for dollars. So I am looking for a move perhaps to 25.50-25.75.

tacosaurus Updated 

This one looks just to have gone a bit too far, too fast. Very extended here; looking for a pullback to 70-72.5 in the next day or two. hourly MACD rolling; RSI in nutso land; way outside of the 1 stdev bollingers daily; tracked in on hourly.

tacosaurus

Pretty nice looking ascending triangle. Consolidation near the highs for a third time. Window dressing to push this to 300+?

tacosaurus

Clearing 164 is a good start; we need to see 165+ for a true breakout. Looking for 170-175 in the next few weeks. Has been consolidating for a month. Further fed-spending/stimulus headlines may help drive this one higher.

tacosaurus

There are a lot of things I like: daily MACD turning up, strong uptrend line, strong support at the 9 level which has been several times tested. I could see runs to any of the levels I have put dashed lines on -- lets round to 22, 30, 40. High short interest and headline benefits in the name could help propel this one further. There are two things I don't like...

tacosaurus

I could see this finding 18-20 soon.

tacosaurus

Nice little 'W' on the hourlies within a larger asecnding triangle. I think it pushes higher.

tacosaurus Updated 

I don't trade VIX options very often, and I don't give much credence to VIX technical analysis. However, when it paints a picture that seems to be confirming bigger troubles with the SPX, it's worth giving it a look. I expect more of a rounding formation/slight upward bias here moreso than a giant upward spike which is typical of VIX moves. The reason here is...

tacosaurus

After a period of consolidation we can see NKLA starting to make another move. I'm looking for 77-80 at the end of the week/Jun 19. This ~~ 68-70 area will be key to clear to make a run to the previous highs. Note even when the SPX sold off dramatically Thurs and Mon morning, this name was not being slaughtered. Furthermore, as TSLA pushes to 1k again, there...

tacosaurus Updated 

Love the company but this recent ascent seems a bit too far, too fast. While the day is not yet over, this is looking like it could form a very ugly looking spike high reversal pip far outside the upper end of the 1 std-dev bollinger bands. Long 2670 Jun 12 puts @ ~$40; looking to exit around 2575 / $100.

tacosaurus Updated 

After tapping against resistance four times, today we have a clear breakout above the $2.85 level. PLUG has been plugging along as well so there seems to be renewed energy (pun intended) propelling these names higher. Looks like 4.5-5.0 could be trouble. Speculative trade. Breakout here seems to be textbook ascending triangle pattern, which also projects to...

tacosaurus Updated 

Taking a medium-term view (say, next six months), there are many gap opportunities to fill. (Please note also this is an analysis of SPX, not SPX500 which typically doesn't show many gaps as it is more fluid and constantly trading!) Here is an old stat for you: From 2008 to late 2010, there wwere 116 "gap downs" on the SPX. On average, they took 21.5 trading...

tacosaurus Updated 

nice little ascending triangle formation... And the company has a reason to pop: as new restaurants pop up to replace failed ones, they are in an interesting position to have a bit of a resurgence. Plenty of corporate cash to invest as necessary. Could their be some groupon-delivery-with-uber-eats for the restaurant of the future?

tacosaurus Updated 

Short term double top. Bearish engulfing yesterday. Daily MACD turning sour. Looking for $70 in the next week or two.

tacosaurus Updated 

Looks like it might want to break past that 40 level. Given the stupidity of the name (Nikola... Tesla...) and their elecric trucks, I wouldn't be surprised if this makes a huge run at some point... ie Why not rotate out of some TSLA and into some NKLA

tacosaurus Updated 

At first it looks like this was going to be a failed triangle, but now it's looking like it wants to retest the Feb highs (call it 960+); uptrend from march seems to have recovered after a head fake.

tacosaurus

After a massive gap up, TWLO seems to be forming a bit of a head-and-shoulder type formation. My read: large confluence of factors implying 180 is a key level to hold. Failing to hold this 180 level would activate this trade. Given the neck-to-head-peak of 210-180 = $30, this gives a projection for downside to $150 from the neckline value around 180. This is...