theapearmy

theapearmy

No surprise we saw a huge knife down that met with hard resistance at ~$82.77. This price point acted as a huge support back in 2016. Despite the NFP numbers, there should be a relief bounce for the stock, but any follow-through to break that resistance during the trading day could introduce a retest of the monthly high in 2000. You can be certain that Silicon...

theapearmy

$AAPL exhibiting weakness with a hard rejection this morning and acted as a strong supply zone over the past several months since Nov. I fully expect another leg down to happen as long as it continue to reject.

theapearmy

Sharing $AAPL in relation to my short swing position (see previous linked idea). As previously mentioned I expect more drawdown before I consider trimming. Good luck trading!

theapearmy

Shorted $AAPL at close to yesterday's high ($155-156) for a close to 25%+ gain with SPY being down -1.53% today. What comes next? 1/ TESTIMONY DAY 1 $DXY ripped through the supply zone during Powell's testimony. $SPY bulls will want to see DXY make it back in the zone for SPY to move 401+ which has acted as near-term resistance (anything goes when it comes to...

theapearmy

1/ WHAT HAPPENED? It's no secret that the past 2 days attracted tons of buyers and bullish sentiment on Twitter regarding $SPY 420+. My take: Unless we see a definitive break above ~$408 (see chart), this'll be another bear rally. I'll be evaluating this as the week progresses. 2/ MY POSITIONING - Taking an initial short on $AAPL $145P 5/19 this week -- a #SPY...

theapearmy

$SPY is so far chopping sideways without true direction. However, the lack of continuation from recent gap ups is a major sign of weakness. Personally, I'd like more upside to take a brief yet lucrative short position but overall I'm expecting a near-term move to the 390 mark.

theapearmy

Before: In my last post on 8/18 that it would be time for me to go heavy in the market, which I did. Now: Up 80.45% on my portfolio since my huge short on $SPY and other adjacent tickers $QQQ, $IWM, $AAPL, etc. Could not have rode this move better. Next: I'm out on a 90%+ shorts and would suggest trimming aggressively now in anticipation for a rally...

theapearmy

I've been talking about the market rallying upwards in my previous posts since June/July, and finally it's time for me to go short ( heavy ) in this market. :-) We've had strong #DP prints at these high levels that lead me to believe buyers are scaling out of their positions if not completely out. The flows have been consistent over the past couple of weeks with...

theapearmy

After consistently sharing my bullish sentiment since June (burning all puts along the way), we're coming close to a pivotal resistance at $424-$425. We're clearly overbought on the RSI, but there's still more room to go higher (preferably). I'll be monitoring movement throughout this month to size in for an upcoming downtrend especially when we have a huge gap to...

theapearmy

On 6/26, in my linked idea: "Burning All Puts" (feel free to play out the linked chart)., I expected us to continue bullish momentum with an upside move (see arrow drawn) despite the ongoing bearish sentiment at the time. Almost 1.5 months later, we are where I had theorized - a long way up and retesting our supply & demand zone. We may likely move higher into the...

theapearmy

My previous post for us to break $400 on SPY happened this week. You can see the directional arrows I drew in the past which was my thesis in how I expected the market to move at that point in time. Where do we go from here? Ideally looking for $SPY to test $415 before entering into a large play. I'm not looking for the market to crash the next day.

theapearmy

Scaled in LONGs at current levels a couple hours ago (per most recent TWTR post). I mentioned in my last post that we would see a move up. My aim is for $SPY to exceed $400+. I'm not bullish in the long-term, given the macro environment but will take advantage of a likely pump over the next couple of months. Will add more if SPY lowers (impossible to catch the...

theapearmy

Was long on my last post as summer's historically been more bullish for the markets. There's no clear sign that we are bearish except for institutional movements on the tape, but I would start scaling into Puts especially at the $391-393 level for $SPY.

theapearmy

Yes! I expect us to break the recent low. Two major gap downs on 6/10 is VERY bearish. If you have two large gaps like that, it means we have a lot of selling pressure, which we're not done selling off, however, it might not happen within the next month as we need to continue our upside move first as I stated in my past posts. I would be cautious on going...

theapearmy

We bounced as expected in my previous technicals outlined and happy I got to close out on a sizable position here! I fully expect us to continue 390+ before I start scaling into my short position!

theapearmy

Touching on this quickly as we're due for a move upwards, but bears have been pushing the price action down over the past couple days. $SPY is definitely wanting 378/379 if not higher.

theapearmy

Giving last week's update which I didn't realize was private: Last week was by far one of my best weeks this year trading in the stock market this year, and it's due to a variety of factors: the DP prints, option flow, macro/news, and technicals. I've been preaching the incoming downward movement regardless if SPY or other equities like AMD (downward trend...

theapearmy

Very low volume today, if there's any day to sit out, it'd be today. This $415 level has been flagged by the chart, and it's not surprise to see choppy trading with a lack of direction at current levels. There are many waiting to short this rally and hence we also are seeing traders emphasize on this bear market rally to stop out early shorts. This move could...