tyler.chris

tyler.chris

The monthly chart in Apple shares is hinting at bearish follow-thru from December's topping candle. AAPL is currently testing its January 2022 all-time-high, but with stochastics now bearishly crossed in neutral territory, a correction of roughly 10% is anticipated to more than double in size with long-term Fibonacci and trend line support not coming into play...

tyler.chris

On Jan 24 following Netflix's (NFLX) earnings beat and share surge, optimistically a broadening pattern in Roku stock which confirmed a weekly candle low following a multi-week pullback in shares was detailed and published. I went on to say owning ROKU shares as part of a collar or one of its variations for both accumulation purposes and upside participation was a...

tyler.chris

Some bears in PLTR stock have undoubtedly exited their positions following the company's earnings beat and solid guidance. But not everyone. One analyst from RBC maintained a sell rating and set a fresh price target of $5.00. Closer to the 'market is always right' side of things, today's massive 30% jump has shares pressing against possible churn-like and...

tyler.chris

It's all about the 2024 guidance, at least that's the going consensus view in front of Tesla's earnings this evening. But for what it's worth, a failed uptrend during 2023, subsequent testing of pattern resistance and TSLA stock approaching its Nov low with weekly stochastics out of place, does make the case for an even larger correction. In my humble opinion...

tyler.chris

Wall Street has backed away from today's tag along bid in ROKU stock following a buoyant Netflix (NFLX) earnings related price spike in shares. But Roku's broadening pattern / uptrend on the weekly has signaled a candle low in shares with a neutralized and hairs breadth stochastics cross over also looking supportive. With earnings about three weeks out, and...

tyler.chris

Across the daily, weekly and monthly time frames, stochastics is supporting a year-and-change saucer-like pattern breakout in SNOW shares. After a relatively terrible couple years versus large cap tech arena, Snowflake looks like a solid long / bullish trade candidate for collar traders imho

tyler.chris Updated 

As an EV play that's quickly proving itself to be a long-term survivor, and even a company that thrives financially as first to the market with its status symbol and pricier trucks, I can't help but draw comparisons of Rivian to Tesla a few years back. Those TSLA shares of course, went on to crush its bearish critics. Today and near-term though does warrant...

tyler.chris Updated 

A bare minimum correction of 3% in the S&P 500 ETF (SPY) is still nearly two percent beneath today's closing price. More pressing, fear as evidenced by the VIX has only just begun to show any indication that what goes up, will invariably go down. Today's closing bump of about 7% in the VIX and absolute levels that are still sub 15% is far from helping the bull...

tyler.chris

The S&P 500 has dismissed (thus far) a failed Santa Claus rally by climbing to all-time-highs this week. But the VIX's low double digit position, even during the broader market's less-jolly, pullback into 2024, is a much more sure-footed warning historically, rather than a reason for investors to believe this time is different. The good news and not to look a gift...

tyler.chris

SPY is showing remarkably similar pattern to the rally from the flash crash low. Topping potential from swift bearish wedge pattern is confirmed by VIX at one month-plus lows and stretched more than 15% below 10-sma