Well that was an interesting close... the market went two standard deviations out this week without even looking back. Very, very unusual it does that. They are running things way to hard. You will not catch me putting a single dime in investments at these prices... heck, you would never catch me going long on a trade either at this point. Anyway......
Kiss it goodbye. Short this thing. Teens next week.
Real quick..... if you are bearish, what do you want to see, a rejection coming up. (Why wouldn't you be bearish?) The bear market is clearly here as it should be. Just look at the chart. If you ae bullish... you want to see a break out.... (yes we broke the trendline, but on a larger time frame that just becomes a wick) If you are bearish, a double top...
That’s right. Time for the markets to drop. It’s that simple. The market will respect my green shaded box. The market will close inside it this week. Formulas don’t work. Bollinger bands don’t work. Indicators don’t work. But what you can do is check the patterns and find the boundaries the stock should trade within. Other than that it’s risk...
So tomorrow is the big options Friday. I guess that throws in a little monkey wrench into this. But lets look where we are... yeah, this shit needs to head down. Do they keep it afloat for options Friday or keep it up and we head down in the afternoon? I guess that is the million dollar question. I see SPY in a bearish setup for two reasons. The...
If you start closing ABOVE that 441, and I mean closing candle bodies.. then something has changed. If so, stop out, take that small loss and be patient. It does not mean buy long... it means be patient, wait for a pullback and see what makes sense... I say we come on down by end of the week....... where we close the week will be important though. I say we...
Short at 3052.00 Stop is 30 bucks above.. I have made plenty of money on this garbage to give back 30 bucks a share if I am wrong.. I will be patient and will be holding through the end of the week before deciding to cover... I say we sell off at the end of the week. These scumbags are to funny!
Don't worry.. we will be dropping and ending the week with a nice drop.... this shit is hysterical.
It looks like they want to jerk people around as much as they can. I see Baba is up 20 percent premarket. NIO is up 20 percent. Wynn is up 8 percent. They are going to do all they can to whip around as many as they can. First comes the fake move usually then the real move. Oil popped up but that’s no surprise. USO looked like a buy and I expect a gap up...
I still think we see some upside. It just makes sense. IF we were able to (might be a far reach but IF we were able to) get into the 430s, it would make sense in so many ways and provide just really nice setups. Dont worry about Jerome or whatever nonsense you are selling yourself a position on or that marketwatch is trying to sell you a position on or CNBC or...
I would consider going long with a stop just a little under it........... just for a quick trade. Remember, oil moves around the clock so gap ups and downs are part of the game here.. size appropriately and use a stop.
A follow up from 2 weeks ago... Coincidence? Not really... I would be looking for just a little more pullback and then what? Well if the markets were bottomed, which they are a long ways from.. I would say buy in the higher 150s to 160 range. Being the markets still have a very large fall coming, I see this more of a netflix. If you must buy though... for...
Can we get as low as the 68s? I dont think so... more about 69/ 70 level maybe. Well see... ignore the news... it's just a chart.
Seeing posts.. I found one I even remotely agree with...the rest I had a chuckle. If someone's screenname sounds like a wanna be rap star, it gives me twice the chuckle. I have to ask why are you so bearish though thinking this week is nothing but a sell off all week? Powell, Friday.. I get it but who cares about those things. Listen to the chart. I...
Remember a couple of weeks ago I said its time to take the opportunity on the pop to cash out and you most of you found every excuse why this should be going up, up and up........ Hope you wizened up and arent sitting in here still holding. I think Peloton sounds more screwed than one could be. Did they over order thinking their hotness was here to stay? I...
I had to update this slightly.. the market came down just a smidge more than I expected at the end of the day today.... so this is your area to look in next week...... I think next week has potential to be the easiest week I think I have ever seen in the market. Watching several things that are setting up absolutely perfectly. Lets see if we get that follow...
So for next week, unless something crazy happens between now and market close I am looking for us to stay in this green box next week. And yes, I am looking for upside. Amazon and chipotle are two of a few tickers looking great. If you can spot it, kudos to you! I know there are some smart people around here. Otherwise.. my alerts are set and Ill check...
Did he fall asleep at his desk today? What a boring day.......... lets see some green and drop it on Friday. Watching Amazon (gap up on a split coming a few months down the road, hysterical. (Oddly someone loaded 700k of calls for 3k 2 days ago.. funny how that happens) CMG is on watch too.. otherwise... back to work. This shit is as boring as F**** today.