EZmoney24

EZmoney24

Its been a very eventful week. Tech has went on a massive run the past couple months and became the market leader again. I don't think this is sustainable in this global financial environment. Macro aside we had fomc today and based off the reaction (huge selling volume to end the day) I think we may have seen the highs on NQ today. The sell off caused a nasty...

EZmoney24

Short NCLH here via some puts and planning on swinging them a bit. While I don't think the whole market is going to tank if I had to choose one stock to be short of for downside and market weakness this is it. Daily close under trendline for bear flag giving me confirmation. Closed under a heavy volume at price area. Plus no volume the past 5 days granted...

EZmoney24 Updated 

SLV has shot up again in the past couple of weeks. After taking a look its a bid extended from the 20,50,100 day MAs on the daily chart. Volume hasn't been anything significant and its facing a long standing trendline. Dollar has also been melting down which is a nice catalyst for SLV but eventually the dollar should find some support near term imo. I expect SLV...

EZmoney24 Updated 

Today while almost all of crypto crashed $mara miraculously held up. After TERRIBLE earnings that showed they are burning money and $BTC nosediving somehow this thing was green today. BTC literally broke below 2 year lows and this puppy barely budged. The relative strength to any other crypto related stock or cryptocurrency was absolutely insane. I sense that its...

EZmoney24

DWAC is set to rip next week. Noticed interesting volume that tells me someone has been buying heavy, twitter drama, red wave talks incoming, elections, and price held over the IPO price. Pretty stellar set up. Not going to chase but if I see a pullback I thinks its going to pay big time.

EZmoney24

Longed SBUX Friday and sold as it absolutely ripped, and I don't like holding contracts over the weekend in this market. Earnings coming up if they beat, I think she rips. I think it's likely they beat as well. Depending on how it opens tomorrow it's near the top of my watchlist for a long. Looks like accumulation the past couple weeks. The max I would ride it...

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Keeping this one short and simple there is a nice volume gap above and we are at a decent support level. High volume green candles the past couple of weeks. With FOMC wouldn't be surprised to see a high volume green doji into a blast off near the top of the trendline. Could even see it breaking out of the trendline a bit getting people saying the bear market is...

EZmoney24

Looking through some charts and noticed a bull flag forming in DKNG. Provided the overall market doesn't implode over the next couple days, I'm thinking it fights its way back up into the 16s not expecting it to break out of the flag formation but definitely possible/likely to test the top of the channel imo. Nice volume gap from here all the way up to the 16s...

EZmoney24

I think a pullback in the dollar is imminent. It has been a perfect storm in the geopolitical world with inflation, talks of war, tough financial decisions by countries that will likely have a long-lasting effect on their financial futures. Now unless the world really goes to crap and financial systems collapse in the next week, I am unsure how much higher the...

EZmoney24

Stumbled upon the U chart and I see some possible magic. Clearly has gotten obliterated even more than the overall market. What I don't like about the chart is that the price is currently under IPO price which is always a red flag. I am not sure what kind of BS has been going on since their IPO but I'm looking strictly at technicals. What I love about the chart...

EZmoney24

SPY has been getting absolutely shellacked as I predicted. Closed a bunch of my shorts now I am adding some short term longs. Now SPY has approached a key support level at 390. You can see in the past couple months 390 has acted as support and resistance. Now its time to do its job as support. As you can see I don't expect much of a rally but am expecting a short...

EZmoney24

Costco appears to be forming a huge H&S on weekly. While I hadn't really paid much attention to Costco I did see it mentioned yesterday which caused me to take a look. Want to note that Costco has performed strong relative to the market and that's why I like it for a short. This recent rally over the past couple of months is leaving a lot of meat on the bone for a...

EZmoney24

I'm expecting a violent move up from the VIX in the coming weeks. Market is running on borrowed time short term imo. We are one major event happening from a melt down. September is typically a bearish month. There still isn't a lot to be bullish about if you really think about it. Be safe out there everyone.

EZmoney24 Updated 

The SPY laid out a nasty trap the past couple of weeks. After screaming up on a bear market rally the SPY made a huge gap up. If you take a look at the past months you'll see that most of the reversals after a bull run started with very similar gap. This gap lead me to go short a bit early. I got burned a bit but managed risk the best I could. As you can see the...

EZmoney24 Updated 

WMT gapped up after earnings and continued momentum after a couple of other retail earnings beats. It has created quite the gap volume gap below and I think we fill it rather soon. Acting weak relative to the market the past couple days. Volume seems to be dying as uncertainty lingers. WMT in the recent past hasn't reacted bullishly after earnings.