$AMD failing bull flag, 0.5 fib retracementFailing bull flag on AMD, not retesting 0.5fib level and around 50SMA. Potential to get down to $83-84. Looks weak
AMD
NVDA possible Breakdown before EarningsNASDAQ:NVDA
NVDA on the daily chart appears to have formed a flat top triangle
with the trendlines drawn onto the chart. Price appears to
be falling outside the ascending support line before upcoming
earnings. Will NVDA rise to regain support or breakdown further?
Performance Review, Week of 2022-08-22 to 2022-08-26The usual way I publish my public ideas is daily updates on ES and weekly updates on NASDAQ:AAPL , NASDAQ:TSLA , NASDAQ:AMD , and NASDAQ:NVDA .
Starting this weekend, I am going to publish performance reviews on these updates. Note that in these posts, my goal is not to update the counts, but only to compare the expectations vs reality. Updates to the counts are published in the same usual way.
Overall, you can see perfect match between AAPL, AMD, NVDA, and daily ES updates with the reality. The only one that was not matching is TSLA, which I actually warned about in it's weekend update.
AMD:
NVDA:
AAPL:
TSLA:
ES August 20th:
ES August 22nd:
ES August 23rd:
ES August 24th:
ES August 25th
SPY: Dont Buy the Bull Rally We are still LONG TERM Bearish on SPY, crypto and basically most equities.. including popular mining stocks.
The way we see SPY is that first we have formed a classic Head & Shoulder pattern with a Faux breakout to the downside before the rally then the drop of the new low
Looking at structure a couple ways we need to sell down much more to complete the H&S pattern and also the A,B,C pattern on the right shoulder which both would take us to the targets outlined.
We have volume confluence as participation dried up towards the head and increased slightly on the right shoulder.
Looking at Fibonnacci we have room to grow up to the 430 range but ultimately even if we are bullish we still need to test 375/380 one more time. However we are not bullish and I think we are going to go lower by the end of the year towards 335/350.
The Rally will be short lived.
Ideal entries around 430 but if we start to build some structure I can look at some in the 415-417 area.
ZM still under Massive Selling PressureToday we have ZM (ZOOM) on the daily chart
With the huge sell offs in the market we still see much more downside on the table especially for growth and tech stocks like ZM.
We offered a bullish outlook that would have an inverse Head & Shoulders forming
However to complete the right shoulder we would still need to sell down into the low High 90s
We do have some news coming out tomorrow so ideal would be to see a pump in the market back into the 108s-110 area before the selling continues.
We are prepared go see even higher prices to make a true daily retest or Double top back at 112-115 area
Not unless we break above and close above 117 will our bearish bias be removed.
With that being said.. we DO NOT think we are forming a bullish Inverse Head and Shoulders and will likely close this week towards the lows of 90
SOXS at support for LONG SWING SETUPAMEX:SOXS
Reports are the semiconductor secotr is presently challenged with rising costs
and lower production orders.
SOXS is in a flat bottom triangle with price now at its base.
The RSI Oscillator is in mid-range suggesting price has upside.
The relative volume has been increased in the past two weeks.
I see this as a swing long setup with the target 30-40& above
the current market price in the mid-Fibonacci retracement range.
NVDA: Will pull back soon, but bullish longtermNVDA provided a textbook 5-wave impulsive move off the low. The 3rd wave tagged the 1.618 extension and the 5th wave has reached the 2.0 extension. This move has been very clean. However, the fibonacci extensions have been reached and now momentum is beginning to fade (see MACD). That being said, I expect NVDA to pullback over the next 2-3 weeks. I would like to see price retrace to the .5 - .618 retracement levels, filling the gaps in an A-B-C pattern, followed by a push back above the Wave 1 high. If this happens, the price target for wave 3 will be in the 240-250 range.
AAPL AMD AMZN BAC NVDA TSLA trade ideas - jtgladiator 8/24NASDAQ:AAPL chart www.tradingview.com
Enter calls > 168.71 watch for reversal off gap or this level for puts PT1 = 169.86 PT2 = 171.52
Puts < 166.65 for gap fill down. Watch for reversal here. PT d165 PT w163
NASDAQ:AMD chart www.tradingview.com
Calls 95c - 99c > 94.44 PT1 95.02 PT2 99.25
Puts 90p < 92.11 PT1 90.56 88.59
I am still swinging the 85p until 9/16
NASDAQ:AMZN chart www.tradingview.com
Virtually no volume until 128.99 then 125.50
From there 122 can come quick but there is some volume there
Looking at swinging 122p
129 and 126p are options also
Calls 138c - 141c > 136.32 or puts off the rejection PT 138 141
Puts < 132.85 129p and 126p or monthly 122p
NYSE:BAC chart www.tradingview.com
BAC traded up while SPY was trading down. Outside candle on the daily.
This thing is ready to make some moves. I like it for the downside. But play the chart and levels.
Calls >35c PT 35.30 36.00 - Be careful of reversals. The outside candle can be nasty
Puts < 34.41 PT 34.29 33.92 33.41 Swing 8/26 or later
NASDAQ:NVDA chart www.tradingview.com
Enter 168p < 169.70
Be aware of reversal
Possible Gap fill to 165.31
PT for weekly is 167.24 then 164.28. Grab 9/2 or 9/16 :p
Or grab for earnings lotto
Enter 178c > 174.60 make sure BOH
Watch for reversal
PT 175.58 178.49
NASDAQ:TSLA chart www.tradingview.com
TSLA went green on 8/23.
Call Swing 950c > 896.48. Watch for reversal PT 901 944
Put Swing 825p < 863.77 PT 855 838 818 785
-jtgladiator
AAPL AMD NVDA AMZN TSLA 8/23 jtgladiator #thestratWe are looking for continuation on the swings we entered on 8/22. If there are any reversals to the upside, be sure to secure put profits and take calls
NASDAQ:AAPL chart www.tradingview.com
AAPL Enter calls > 169.86 watch for reversal off gap or this level for puts
AAPL Enter puts < 167.14 for gap fill down. Watch for reversal here. PT 165 PT 163
NASDAQ:AMD chart www.tradingview.com
AMD Call swing > 95.02 with PT1 99.25 - not likely imo
AMD finally broke the double inside weekly to the downside. Swinging them 85p all the way out to 9/16 or longer
NASDAQ:NVDA chart www.tradingview.com
NVDA Enter 178c > 175.58 make sure BOH. Watch for reversal
NVDA puts enter 168p < 170.30. Be aware of reversal. Possible Gap fill to 164.24. PT for weekly is 164.78. Grab 9/2 or 9/16 :p
Or grab for earnings lotto
NASDAQ:AMZN chart www.tradingview.com
AMZN Grab calls > 136.32 or puts off the rejection pt 138 141
AMZN Grab puts < 132.85 for huge swing with PT of 120 and a gap fill all the way down
NASDAQ:TSLA chart www.tradingview.com
TSLA Call Swing 920c > 877.20 - watch for reversal pt 901 944
TSLA Put Swing 800p < 858.90 855 838 785
NYSE:BAC chart www.tradingview.com
BAC Daily Swing Calls BOH 34.75 PT 35.30 36.00
BAC D/W put /swing < 34.45 PT 34.15 33.40 Swing 8/26
-jtgladiator
UVXY and ETF ShortIt's high time we accept the new reality of the inverted reality. The week of July 25th was perhaps one of the most volatile in a long time. Why? We had CPI report, earnings, and Fed Rate Hike.
What did volatility indecies like UVXY do? They sold off. It doesn't take too much logic and common sense to see something egregiously fraudulent is taking place when companies miss earnings, and their stock price rally. Or, in the grander scheme of things, horrible economic data sends markets rallying.
At this point, the market has become a literal casino gambling machine with luck, not technical analysis, economic data, geopolitical issues, trends, patterns having ANY influence. It's simply a yes or no by someone or some people at the top who dictates the move of the market.
I believe now that retail investors are at their smallest ownership of equities, the volatility index and ETFs like UVXY no longer really apply. Why? Institutions, computers, and algorithms can not panic or feel fear, only retail investors aka human aspect can. This is why you no longer see significant sell offs when there is bad news like a possible Taiwan invasion or conflict with the US.
So in conclusion, at this point, its best to get calls on pretty much anything. AMC, BBBY, Apple and others go up without reason. BestBuy stated they would see losses in Q3, and that rallied their stock. Nothing can bring this market down, so I wouldn't even be scared about getting calls, investing and waiting as your portfolio grows even in the worst of it. Perhaps actual WWIII would send markets to new record highs.
Short the volatility ETFs, UVXY, SQQQ, SDOW, SPXS, misc.. because they're destined to collapsed even if the world was on fire and there were 50% unemployment. I think the stock market is everyone's financial safety with no risks of losing money at this point.
AMD Put Swing Idea 8/22 - jtgladiatorNASDAQ:AMD
AMD has got a couple inside candles on the weekly. With Fridays close in the red we have a 22 Reversal AND looking for a revstrat on the weekly to the downside. Could go green but I like it short.
Call swing idea:
101c > 99.25 - if price reverses here then grab 95p
Put Swing Idea:
94p < 94.59 to swing for 8/26
85p to swing for 9/2 or even 9/16 - buy time. Price can reverse here so grab calls if it does.
MY live Chart -
www.tradingview.com
$AMD Fib RetracementNeutral analysis of $AMD showing a Fib retracement from its pre-pandemic high of 59 to its all time high of 146. Notice how technically significant the 0.618 and 0.786 retracement levels have proved to be for support and resistance.
$99.45 = .618
$81.78 = .786
This checks out fundamentally as well. $100 and $80 are psychological levels to buy and sell at (0.382 / $125 as well: August 2021). This is why these prices acted as significant levels. As of 8/22/22, it is currently battling between these two levels. Although the retracement is neutral, traders should lean bearish on chips here, as AMD and NVDA are starting to look like massive head and shoulder tops.
AMD 100$ Resistance sent price back to the Buy zone If AMD can hold this level, it could go retest the 100 level. Now at horizontal support and EMA21 level. RSI in Oversold area. ATR is quite large so the R:R is not so good at the moment. Might also retrace to the 50EMA below. If the price hovers around the current area will consider longer term swings off the current prices, although I'll be looking to trade the shorter term if price bounces back more violently.
AMD CHARTNarrowing channel between 21EMA and 200EMA creating a pattern on 1D. Horizontal resistance also at play. need to break with strong volume and maintain the EMA200 1D as support for trend reversal confirmation
WOLF rises on earnings Is it ready to fall SEMICONDUCTOR STOCKNYSE:WOLF
The chart and indicators show the dramatic rise after earnings.
The squeeze indicator is rising while the momentum divergence is
increasing.
What do you think- will WOLF continue on the uptrend or reverse?
$AMD 4HR NEUTRAL SETUP!$AMD is forming a neutral triangle! the bias would be bullish but if price breaks the bottom trendline it can start a formation of a Head & Shoulders pattern and head down to complete a meaured move to TP2, wait for confirmation! Also mixed news is starting to come in bt more bullish than bearish!
AMDAMD cam up rather strong, but it is looking more like it is going to roll over here with the rest of the market in the coming days/week. Could be a good short whether it breaks down now or later. Around a 30% drop to lows. Break of the RSI trendline on the daily could be a solid entry down to the lows. MACD almost crossing on the daily, along with price being under VWAP, and the weekly RSI pulling back.
Is it a bearish megaphone?
It looks like a bearish megaphone pattern for me. So I'm planning short with $72 as the target.
*Not a professional recommendation or advice
Is AMD due for a correction?NASDAQ:AMD
AMD had a good run into the earnings season however
news is that with the expected or present recession
semiconductors as a subsector will fall a bit heading
into the third quarter.
The chart shows buy order blocks as a support are
far less than sell order blocks.
The MACD , a lagging indicator, shows the K/D
lines crossing over the histogram.
My idea is to take a call option contract for
a strike 5% below the present price.
Setting a stop loss at 10% of the option price
taking profit when the AMD stock approaches
above the closest buy order block at about
$ 98.45.
Do you have call options to suggest?
$AMD big resistance..$AMD needs to break the big resistance of $104 before it continues its rally back to 106+ no major news so far about the company and its products. Semis dipped after a market shifted its focus to energy stocks. i believe the semis and the tech stocks will continue to pull back, expect more pain until J Powell next meeting. For now, you might want to check out retail stocks and travel stocks.
here's my day trade price target for AMD on FRIDAY 08/12/22.
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For calls; buy above $99.39 and sell at 100.47 or above
For puts, buy below 96.62 and sell at 95.13 or below
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Welcome to this free technical analysis . ( mostly momentum play )
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AMD ShortAMD failed to continue upward break out pass $100.74 current play $99 puts target price $95
