NVDA in dangerNVDA has been climbing up back to the top of this channel all day.
I will be looking to buy puts around $324
Options
SPY - Still More Sliding to ComeDespite this early morning pop, SPY still has a lot of potential downside.
Low volume, buyers aren't exactly lining up to buy.
SPY is still at the lower Bollinger band.
The MACD is showing a downtrend.
Personally, I'm holding off on opening any positions yet. I still have short December calls I'm waiting to buy back. When I do short sell calls or puts, it will most likely be in Jan 2022 expiration. I haven't decided on a direction.
SPY 4 month forecast 4 month spy forecast, featuring labels with potential entries and exits.(not financial advice lol)
NVDA about to retest ATHLooking strong this morning,
309.50 is a good pivot point imo
Keeping this one on the watch today
RF Triangle breakRF is another idea in the financials.
Triangle break and room for ATH
Entry would be above today's highs
F moving towards highsF is moving nicely PM,
Watching for an entry above 20.10 with targets at 20.80
COIN trying to breakoutCOIN had a nice pullback into a pennant after massive run,
Price is now trying to breakout.
Above 331.70 we could trigger a push towards ATH
Watching that level
SPY, make it or break itSPY approaching a zone of interest,
This will either provide us with a bounce, or this is the beginning of a much bigger retracement
MSFT bounce or drill ?MSFT is sitting at strong support, Does it bounce from here, or it just keeps drilling?
Market in overall looks weak.
Volatility - UVXY Long Dec. (Speculative)Idea for UVXY:
- Long 14C December 17.
- Still valid signal of VIX (double bottom now):
- DXY , US10Y breaking out.
- Complacency max, but still have Long Vol signal.
GLHF
- DPT
ABNB Channel breakoutABNB looks like it is finally moving outside of a descending channel,
Has great R:R
LCID Getting tightWatching this big Symmetrical triangle as price gets tighter inside it.
$53 is a pivot to the upside in my opinion,
Watching price consolidation above it.
$SQ | WEEKLY WATCHLIST 11/29Good start on this bounce. We want to see bullish continuation to confirm my thesis! Think long-term with this one...
$RTY | WEEKLY WATCHLIST 11/29Have been tracking this for awhile now. Expecting a base to build here before our next leg higher towards $2650+. Eyeing a position on this one very soon. ($IWM)
$ROKU | WEEKLY WATCHLIST 11/29Uhhhhhh is it finally time?! Last week we nearly tapped my buy zone. I'm fairly sure I was one of the first to share that level with you guys! Looking for some support to build before pulling the trigger. $400 above is possible on the next impulse up.
$NIO | WEEKLY WATCHLIST 11/29Smaller degree wave 2 looks to be in! Expecting an impulse higher this week above $45. $37 needs to hold below for this count to stay strong.
$MU | WEEKLY WATCHLIST 11/29No changes from last week. Still waiting for larger degree wave 2 before buying in.
$MSTR | WEEKLY WATCHLIST 11/29Do you regret not buying Tesla under $700? Well... you're in luck. MicroStrategy under $700 is a GIFT. Look for $635 to hold as support and a sharp move higher towards $1000. Don't sleep on this one.
11/29 - 12/03 | $MRNA | Watchlist #3$MRNA $308 or $300 bounce
(If we get below then reclaim these levels, take a position for calls)
Price targets:
308->310
300->305
Technical analysis: Bounce off pivot point around 308 area or bounce off psychological level at 300
Rationale: With increasing news of a new virus variant, vaccine stocks are rallying so there is built up potential for more momentum
11/29 - 12/3 | PTON | Watchlist #2 $PTON +47
(Over $47 for calls)
Price targets: $48, $50
Technical analysis: Bounce off pivot point on the daily chart
Rationale: With increased news of a new virus variant, stay-at-home stocks could continue momentum upwards
$LCID | WEEKLY WATCHLIST 11/29Following Tesla's chart very well and have been tracking the two together. Looks to be a wave C in progress. Still waiting patiently before pulling the trigger to go long on this one.
$FCEL | WEEKLY WATCHLIST 11/29Triple nested 1-2 setup sitting on falling wedge support. As long as $8.60 holds, I expect another leg higher to $14.59 by December 17th.
Yes, I am aware this is quite an aggressive prediction, however I'm using past data with how FCEL likes to behave indicated with the red/green boxes.
