Big Earnings Might Not Be Enough for AAPLSymbol: NASDAQ:AAPL
Indicators
Laguerre RSI
Multi-Time Frame EMA x2
Thoughts: The technicals are holding up strong despite earnings coming out. The Laguerre RSI is starting to slope down which could be a sell signal. Watching this over the coming days to see how this indicator trends.
Marketalpha
Is SPY Trying to Tell Us Something?AMEX:SPY
This chart is analogous to a kid in a candy store where the store manager keeps slipping this kid bags of candy after school, the manager is a nice guy and oblivious to the situation, his intention is to make the kid happy so he will be on his merry way and wont bring up tapering in the next FED meeting.
The Chart Shows Concern for IWMSymbol: AMEX:IWM
Indicators
Laguerre RSI
Multi-Time Frame EMA x2
Thoughts: This chart looks very bearish but I'm hesitant to sound the alarm due to how many topping patterns we seem top gap above. The bullish case for the IWM would be the LagRSI crosses above this bearish zone with a close above the rounded top and confirm the violated trendline as support. Without that, this stock is at risk for falling sharply.
MARKET ALPHA VACCINE UPDATE - NVAXNASDAQ:NVAX
We got our pop higher on NVAX but we hit right into resistance. We still have bullish momentum trying to get through this level but if that weakens this could be another trap. This stock has the tendency to be extremely volatile so take your gains when you got them and don't stay in based off hopes and dreams.
S&P Futures Still UncertainAMEX:SPY
S&P futures are rebounding very strong after a huge sell off to start the week.
This has likely caught a lot of people off guard but really shouldn't have with the liquidity flowing into the markets.
We will be watching closely at the next FED meeting to see where we as we discuss further tapering.
MARKET ALPHA OPTIONS WATCHLIST - APRENASDAQ:APRE
Very unusual options activity came in on this one at 4.79 with the assumption the stock would continue higher by August 8th.
Currently the option play is down but that doesn't mean we haven't found support here and may bounce higher catching some off guard. If not the support level is clearly defined.
MARKET ALPHA OPTIONS WATCHLIST - AAPLNASDAQ:AAPL
As usual a large bullish options trade came in for aapl so I thought I would update the chart.
The trade assumes it's going run higher but that by no means is for certain. We have some bullish context here showing from the lagRSI and coming up on resistance here so it may be enough power to get through and test higher levels.
Options are extremely risky and I am not recommending to buy or sell any product. This is my analysis and does not completely indicate my opinion towards this company.
MARKET ALPHA MEMERS - AMCNYSE:AMC
Quick update for AMC stock as a resistance seems to be forming lower than the upper wedge pattern people for some odd reason may have been targeting.
Large options came in yesterday to try to squeeze the stock higher but doesn't seem like it's going to be able to do it.
MARKET ALPHA WATCHLIST - NVAXNASDAQ:NVAX
For those that followed my post last week, we saw major gains in NVAX this week. This was expected as the delta variant information was being surpressed and the market had not totally digested it just yet. Now we are digesting the delta variant in a way that could be an over reaction but also may have some confluence with the fact the FED doesn't have much ammunition this time around in terms of interest rates.
Anyway, I expect NVAX to see higher levels but don't get caught chasing.
MARKET ALPHA'S GOLDEN CROSS - TLTNASDAQ:TLT
Here is my take on a common trading strategy that uses the 50 and 200 moving averages to indicate a trend change.
In my version, I use two multi time frame EMA's. One runs at an input of 26 and the other runs at 104.
Typically these kind of crosses will involve a retest and sometimes may fail, but if the trend holds true in a reversal we can usually see pretty large gains.
As always, don't get over confident and always know your stop loss and take profit levels.
Institutions Taking Advantage of Early BTC Dip BuyersCOINBASE:BTCUSD
Bitcoin has been a sell since 63,500 and hasn't looked back up since.
The future may be digital but the realized and unrealized gains now.
Dip buyers are struggling to keep even the bearish channel intact. Unlikely to see higher levels before we test under 30, even then... 20k is in the crosshairs.
MARKET ALPHA - DOGESymbol: BITFINEX:DOGEUSD
Indicators
Laguerre RSI
2 x Multi-Time Frame EMA
Comments: This thing is literally going back to 3 cents. The market is not a friendly place and should be avoided unless a plan is had and you are completely fine with losing 100% of your investment especially in something like dogecoin.
When you think you are right in the market you have already lost your edge.
MARKET ALPHA WATCHLIST - NVAXSymbol: NASDAQ:NVAX
Indicators
Laguerre RSI
D-RSI
Multi-Time Frame EMA x2
Comments...
Delta Variant is rising and people are starting to get concerned. People will start to look at vaccine stocks at this may be an opportunity to find some reward.
Bearish side is that we are in a huge area of being rejected and the LaRSI may be indicating that could be true again.
Be careful on this one.
MARKET ALPHA WATCHLIST - TLTSymbol: NASDAQ:TLT
Indicators
Laguerre RSI
2 x Multi-Time Frame EMA
Comments: The FED has been pumping a substantial amount of liquidity in the US economy via creation of and then purchasing of bonds. The problem became more complicated as Michael Burry revealed his massive short position against the bond market.
Michael Burry was not the only one shorting the bonds. The decline of the dollar was a clear indication that the Fed efforts would lead to further decline in bond prices.
The bonds look to be unraveling as the word "taper" has been a focal point of the fed and they are actively having meetings about having meetings... so that is definitely promising.
Market Alpha Long Term Analysis JNJSymbol: NYSE:JNJ
Indicators
Laguerre RSI
2 x Multi-Time Frame EMA
Comments: Looks like an ascending wedge here which typically breaks bearish. The Pattern had been pretty strong until a major violation took place. I expect further downside pressure.
We also just had mention of a new bankruptcy filing in attempt to avoid responsibility of over 30,000 cancer cases.
MARKET ALPHA NEWS - ZMNASDAQ:ZM
Big news alert over the weekend where Zoom agrees to buy Five9 in an all stock deal valuing the company at 14.7b
Here is a chart to reference as market opens. We may see a big reaction either way. It's very difficult to predict how this market interprets news these days. It's best to just be prepared.