Market Alpha Watchlist - ANYNASDAQ:ANY
This stock just recently did a direct offering to fund the purchase of cyrpto mining tools. That looked like it was going to bite them in the butt yesterday but with the flash sale and subsequent recovery, ANY might be a good choice as long as their is no funny business in regards to stock manipulation. Buyers are here and are interested in this stock.
My conviction on this stock comes from the option chain where we saw massive option buying take place yesterday on the call side.
Marketalpha
MARKET ALPHA - MACRO VIEWTVC:DXY
We got some tapering news today but on the verge of world instability amidst covid resurgence and the fallout from the withdrawal of US Troops from Afghanistan. Clearly the Mid-East was much more volatile than we were lead to believe. The best thing to do in the market is keep your mind neutral and don't marry your position. As we've seen all year, assumptions can change in as little as one day. Always prepare yourself the best you can.
MARKET ALPHA - UNUSUAL OPTION ACTIVITYI am going to post some more ideas from our unusual options screener.
After seeing some of the plays uncovered here I think it would be awesome if more people could benefit from charts and ideas like this one.
For this post we are looking at Starbucks. We are seeing increasing call activity come in on the October 1st Contract at the 125 strike. Let's see how it plays out! Thanks for tradingview for allowing the feature where we can easily track the progress of ideas.
NASDAQ:SBUX
VIX Bottoming Could Signal Big Move Either Way!TVC:VIX
The VIX has lacked any true momentum break. This could be due to the frenzy buying on any dips but if dips get bought and VIX flies this would likely set a lot of new traders up for big losses.
It's always a great idea to learn ways to hedge yourself in the market and understand why that is necessary to be a successful trader.
MARKET ALPHA - GAINERSNYSE:CSU
Capital Senior Living Corp came up on the top gainers for Friday. The stock is showing no real strength in this massive downtrend the stock has experienced. Be careful by jumping into too quickly before you get your information. The Lag RSI Still shows significant weakness ahead.
MARKET ALPHA - GAINERS WATCHLISTThis one is for NASDAQ:BOXL
I had to dig pretty deep to see where there was meaningful technicals that would clearly give this stock a further rise or major resistance. I ended up getting to the 2 Day timeframe and was able to see the ascending wedge pattern we are in here. This stock looks bullish but some profit taking could take place. If we fall below the moving averages we would still likely see support come in at the lower trend wedge.
Enjoy your weekend folks.
MARKET ALPHA WATCHLIST - SGMSA quick update for NASDAQ:SGMS
The entire industry is experiencing a bit of steam such as NYSE:IGT but the technicals here look like it's still got some more room to run. I'm shooting for $80 and then possibly a retest as a handle for the bottom saucer we have developed.
MARKET ALPHA WATCHLIST - SGMSNASDAQ:SGMS
This stock looks like it's going to test the upper levels with a possible cross of our multi-time frame moving averages. I also really like the way the stock has touched this cupping pattern and was bought up quickly. The Laguerre RSI is also supporting this assumption by showing legitimate strength in this move.
Watching TESLA's Trend ChannelNASDAQ:TSLA
Here is my working hypothesis for TSLA from only what the technicals are presenting.
This stock has a very dedicated and ever-growing retail base that has more of a buy-and-hold view rather than trading typical price action. What's making the difference for me is that TESLA share holders are also buyers and believers in the company. They love their tesla products much like apple consumers love their devices and "ecosystem" which they can live in. This holds in an incredible amount of value not plotted by traditional charts or technical analysis. The class of these individuals are also considerably higher than that of traditional consumers who buy and hold stocks they know but don't have any attachment too. It will be interesting to see how this plays out but I believe that institutional investors would already be keen to this theory and already profiting from it nicely.
In the bullish scenario here, I would be targeting the upper trend channel that's newly developed from our recent breakout.
Good luck and enjoy the markets.
TSLA Looking Extremely Bullish, StillNASDAQ:TSLA
The stock looks like it's consolidating with no one willing to sell into the resistance. We could be on the up and up here targeting the upper new trend channel marked by the green trendlines. This is supported by a bullish LagRSI, if you know me you know I love the laguerre RSI.
MARKET ALPHA MEME STOCK - AMCNYSE:AMC
Update for AMC seems to have played out nicely. We are experiencing some bullish underlying momentum and may get a pop but this could also be a large fake out with more room to the downside seeming imminent.
Look at the LagRSI to show the bullishness but in the current time frame we are still bearish.
Pfizer Getting Stronger by DayHi TV Community!
I just got settled into my new place and wanted to do a quick ta on pfizer. This stock has been experiencing large call option buying recently and the price action supports this bullish context. We are breaking above important areas with ease and my target resistance level would be the upper yellow trendline.
As we continue to see devastating coronavirus cases and mutations, this company is positioned well.
The Nasdaq Can Give Up Gains QuicklyNASDAQ:QQQ
Overall, there are a lot of bearish technicals in this market. The Q's put in a weaker bullish engulfing after bearish engulfing which is showing weaker bulls than bears at the moment. Bears could see a big opportunity here. It's still hard to bet against this market.