Jonas99

Jonas99

GOOGL made a 345 points move from low to high around last earnings. This time, if symmetry holds, GOOGL will reach ATH to about 2000 or 2050. At near 1900, half that move already happened. Premium sellers of the expected moves are likely winners. GOOGL is the economy and the economy is not so hot. But youtube is killing it. Also, AMZN is getting an...

Jonas99

Is NOK dead? The stock sure looks like it (at 1x Sales). But wait, there is a sign of life! Money flow and Momentum are positive, consolidating in a rectangle waiting for earnings on Feb 3 (?). Could be a 10 stock? In a heartbeat in this raging bull market. Needs a catalyst though, so it's a waiting game. Meanwhile, $4? People losing $4 a day on options and...

Jonas99

SNOW is the new darling, GS just upgraded as a top 10 software stock for 2021. IBM just reported earnings it got killed AGAIN! For the same price (valuation) though, if I am in a cave by choice for 3 years and forced to make a decision, I would park my money at IBM as it still a cash machine. Narrative or not. SNOW a great new startup with a great CEO, but as...

Jonas99

NFLX fired the first shot, would AMZN follow? Likely Yes. As a choppy stock, AMZN may pull back to 3200 in the next 10 days before earnings. 3200 or lower would be a nice launchpad for a long play, with PCS 3200/3150 or Call Butterfly as wide as one can to tolerate the risk (100 is my plan). Not a recommendation. AMZN is killing it with market share gains,...

Jonas99

Stock overbought on RSI but other momentum indicators are still positive. Low priced stock like BB, after waking up from a sustained coma, tends to run much higher than expected move (currently outside of 3ATR). It's a real company in a market where fake companies can have billions of market cap, so why not Blackberry which has a long history telecom platform...

Jonas99 Updated 

TWTR has shown significant reversal technically and 1st target is 51. It is after all a monopoly and monetization will be good, losing users from banning half of America is a short-term issue and is probably priced in. After all, most of the users on TWTR are leaning left. Cheap compared to all other major social media names. Charts don't lie, enough people...

Jonas99

NFLX exploded after good earnings (projecting cash flow 1 bill). A 3-day continuation is a pattern for most of the outsized move then it chops. NFLX has entered the chopping stage; reversion to means targeting 550, then 535. Stronger support is at 535. NFLX also has a history given up post-earnings gain quickly.

Jonas99

Bulls may finally be rewarded on Feb 4, if the market holds. AMZN has a very similar setup to NFLX, consolidated in a long triangle for months waiting for direction. 3100 is strong support, PCS 3100/3050 would be one way of participating in the earning move. Or 3100/3090 whatever the risk tolerance is. Upside butterfly of 3300/3400/3500 also a good lotto....

Jonas99

Having missed the explosive earning move, I want to reflect if the chart had provided us with some clues but I missed. Yes. The clues are: 1. A long rectangle box since July as the stock was being accumulated? The longer the rectangle, the larger the move, once breaking out the box. 2. A 3D Squeeze was fired and served as the launchpad for the explosive move...

Jonas99

NFLX is so old that it trades like FB chop and chop. Its offering is less attractive now given all the options out there. It is no longer a monopoly. Not seeing a huge move in cards based on fundamental and technical. Stock mainly in distribution. Premium sellers likely win. To hedge, will do a Put Butterfly 50 wide, centered around 500. If the premium rich...

Jonas99

NFLX is so old that it trades like FB chop and chop. Its offering is less attractive now given all the options out there. It is no longer a monopoly. Not seeing a huge move in cards based on fundamental and technical. Stock mainly in distribution. Premium sellers likely win. To hedge, will do a Put Butterfly 50 wide, centered around 500. If the premium...

Jonas99

I love Elon, I love TSLA, I love Space-X. But TSLA is due for a rest. Negative money flow and the inability to break 870 Resistance has induced more selling. It is very likely it will test 815 next week, then 800 by which time a battle to maintain 800 would be fought. If the Bulls succeed then it will attempt to run towards 850 and 870, and likely it fails...

Jonas99

The catalyst would be a change of power and market waking up to the fact the US would be less competitive overall in the world economy for years to come. Then there is the tired bull that simply needs to rest and mean reversion. In the background though is the massive liquidity created to benefit the market mostly, sadly not so much the little people. At the...

Jonas99

I love TWTR and its monopoly position. The co is losing users after giving fat fingers to 75 mil Americans who voted for the other ticket. Technically it is oversold on RSI but not on MACD with increased volume on this decline. Using rally as an exit opportunity but not shorting the stock as it is a monopoly and its long-term outlook is excellent. I would be...

Jonas99 Updated 

Fully anticipate a meaningful correction in Jan with profit-taking from new IPOs and mega gains from fluffy stocks. Has SPY Put Butterfly as a hedge (see the previous chart). I would be excited to see TWTR pullback as buying levels, 52, 50, then 48, a strong 50 MA support (MACD is titling negative). I have a core TWTR position, I keep selling a bit of 1ATR OTM...

Jonas99

AMZN has frustrated bulls with its chops, the historical patterns though indicated that prior to earnings, the stock tends to drop lower (as seen on those orange dots) yet they are buying opportunities for longs wanting to participate in the possible post-earnings explosive moves (as it has been in the past 2 quarters). Plan to buy call butterfly of...

Jonas99 Updated 

BB or Blackberry has been in a coma for 5+ years and it showed some life this yr. It's a company with some depth in communication software yet does not know how to package it. EV comes to the rescue by them signing up many of the key players including AMZN. Technically it looks great: a long base, volume picking up, Momentor indicators (MACD and STOCH/RSI)...

Jonas99

I was wrong in calling corrections at 370 (of SPY), looking back, at the time STOCH/RSI still pointed upwards and CMF was very positive and still is. Where do we go from here? Based on the trend line and momentums (RSI still has room) and squeeze is yet to fully fire to upside, I could see we continue to push higher to at least 383+ possible 385. It is however...