MrStocky - Active Hedging S&P500 Equity IndexBack to bullish position removing hedges. Clearly any sort of hedging of a market moving up in a straight line is a losing proposition.
The key is to not lose out too much be appropriately adjusting the amount of hedging based on market conditions. This is why it is important to be actively hedging.
QQQ
$TGI Breaking Out?NYSE:TGI I have had my eyes on this one since the big volume breakout on December 21st. I did not want to chase it, so I have been waiting for a pullback and re-breakout. I have that this morning. See chart for notations.
I started a one third size position here with a stop on any close below the breakout trendline.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
QQQ and individual stock Relative Strength multi-time framesOn this 15-minute chart I have installed an indicator twice- to compare the relative strength of
several symbols /stocks in its customization. One is set up for a 15-minute time going back
4 trading days while the other on the right 5 minutes with a lookback of only 30 minutes ( fully
customizable). See comments in text boxes on the chart. I believe that this can be used to help
find the best entries and exits for positions to complement other indicators. The setup on
the right is best for intraday trades while that on the left could be used in swing trades.
This could also be used to compare indices, commodities, or currency/forex on long
and low time frames for a similar function.
Opening (IRA): QQQ April 19th 365 Monied Covered Call... for a 355.08 debit.
Comments: Buying a one lot and selling a -75 delta call against to emulate the delta metrics of a 25 delta short put, but with a little richer premium due to call IV skew.
I already have February and March setups on, so setting up my tent out in April here.
Stock Market All time high Fake out or Continue? | MAG7 Analysis00:00 QQQ Forecast
04:04 Sp500 ETF analysis
05:37 Nvidia Stock NVDA Forecast Technical Analysis Analysis
07:57 Tesla Stock TSLA Forecast Technical
09:32 Apple Stock AAPL Forecast Technical Analysis
11:26 Amazon Stock AMZN Forecast Technical Analysis
12:46 Microsoft Stock MSFT Forecast Technical Analysis
13:51 Meta Forecast Technical Analysis
Disclaimer: All the content here is for entertainment purposes and not personal investment or trading advice. Any advice is considered general entertainment advice. Stock Market involves risk of loss so please do your own research or seek out your own financial advisors.
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QQQ The Target Is DOWN! SELL!
My dear subscribers,
My technical analysis for QQQ is below:
The price is coiling around a solid key level - 429.15
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 411.10
My Stop Loss - 437.47
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
QQQ: Will Keep Falling! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the QQQ pair price action which suggests a high likelihood of a coming move down.
❤️ Please, support our work with like & comment! ❤️
PLTR Has Reached Key Upside Levels: Tighten StopsPrimary Chart : Palantir Technologies Inc. NYSE:PLTR on a daily time frame with key Fibonacci Levels drawn as well as support, resistance, the 21-day EMA, and a critical VWAP from the bear-market lows of December 2022
Palantir Technologies Inc. NYSE:PLTR , once a tech darling of the 2020-2021 bull market in equities, has achieved a substantial retracement now of its vicious 2021-2022 bear-market decline. PLTR has been a popular stock ever since going public via a direct public offering, the same type of registered share offering used by NYSE:SPOT and Slack Technologies, LLC, which is now owned by Salesforce. PLTR provides data-analysis and AI technologies to large government agencies, including defense agencies and branches of the military, as well as large corporations.
Despite periods of consolidation—especially from August 1, 2023, to November 1, 2023, PLTR has been in a primary-degree uptrend since its bear market low on December 27, 2022. The uptrend has been mostly strong and supported by the volume-weighted average price anchored to the bear-market low (green), which is shown on the Primary Chart above.
Price has also run into a major long-term Fibonacci level at $20.74. This level is also shown on the Primary Chart in gold. Using a logarithmic scale, this Fibonacci level at $20.74 is a 61.8% retracement of the all-time high to the December 2022 low. Above this level suggests more upside. Below this level suggests either (i) consolidation, or (ii) resumption of the downtrend (if key long-term support levels break decisively).
When plotted on a linear chart, PLTR has also reached (and stalled at) a critical Fibonacci retracement of its entire bear-market decline. This .382 Fibonacci retracement at $20.85 is often where bull flags or bear flags consolidate within a given trend. Some might view this level as a decisive level for the bbear case given that 38.2% of the bear-market decline has been retraced, and therefore, rising above this level would suggest the uptrend has further to climb (e.g., $25.46 at the 50% retracement shown in green below). So this level at $20.74 / $20.85 (whether viewed as a .618 Fibonacci retracement or a .382 Fibonacci retracement) is crucial to monitor.
Supplementary Chart A
This post argues that the primary uptrend looks as though it has become extended. Does this mean the high has been reached for the this particular uptrend? It's not wise to call the end of a primary trend until technical confirmation has occurred. Picking a long-term high is nearly impossible. The negative divergences on weekly and daily time frames are shown in the following charts:
Supplementary Chart B
Supplementary Chart C
Supplementary Chart D
Supplementary Chart E
Supplementary Chart F
So momentum has definitely slowed in this AI / tech / data-analysis name, and negative (bearish) divergences have arisen. At a minimum, this could signal a period of consolidation lies ahead in the first half (1H) of 2024. The supplementary charts show the divergences one should watch carefully. This may provide a reason for bullish position traders and investors to tighten stops. And if key levels snap decisively, such as the $16.36 level or the August 2023 supports at $13.68 or the VWAP (green) from December 2022, then watch for a retest or break of lows.
AmazonSmile. You shop. And... Amazon Still Gives 😊 Amazon stocks are going up this year with solid 52.29% year-to-date gain, that is currently the 9th largest YTD result over all components of Nasdaq-100 ( NASDAQ:NDX ) index.
Work hard, Have fun, Make history - And You're Done! - This is the official tagline of Amazon in 2023.
The slogan refers to Amazon’s dedication to innovation and service enhancement. As can be seen, Amazon tagline 2023 is separated by three ideologies.
Have Fun
There is a saying that goes You gotta do what you love to love what you do, and I believe it much applies to this ideology – to have fun. The key to having fun at work is creativity and innovation.
Bezos makes room for mistakes, as long as they lead to something positive. You know what they say, learn from your mistakes and be better. To have fun is to think beyond the boundaries with a powerful imagination.
Make History
As of June 22, 2023, Jeff Bezos is the third richest person in the world, with a net worth of $149 billion, according to Bloomberg Billionaire Index data . Amazon proudly contributes to Bezos’ success, being the most successful retailer company in the U.S.A. Despite such accomplishments, the business still strives to develop bigger by the day.
From A To Z
You can still see a smile formed right under Amazon’s logo; it represents the range of products and services available on the platform. The smile also symbolizes consumers’ happiness when they find what they need within just a few clicks.
Of course, in Trader's terms a market smile also means V-shaped recovery, that is currently observed due to massive Reversed Head and Shoulders Chart Pattern structure breakout.
Overall Amazon stocks still are on the positive path, following the All-the-history support of 10-years simple moving average.
MrStocky Active Hedging - S&P500 Equity IndexThe bearish day on 31st Jan 2024 was sufficient to flip from a bullish to bearish view.
Hedging Actions during bearish conditions:
1. Hedge (fully/partially) existing long-only equity portfolio with short positions
2. Close long-only (fully/partially) and stay on the sidelines until bullish conditions return
3. Close existing long positions and go outright short the market
Each action comes with different risks.
$BITO Ready to Run?AMEX:BITO Kathy Woods AMEX:ARKW fund sold OTC:GBTC and bought $92mm AMEX:BITO yesterday. They also sold $COIN. There is the news. I am more of a technical trader, and I like the set-up on BITO here. I have started a one third size position in the anticipation of a break above the small consolidation area or pennant. My stop is tight, just below today’s low of day.
I like the fact that it is trading above the IPO AVWAP which means that by volume most shareholders are in the money. That means there is little overhead resistance at this point. It is also trading above all the moving averages.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
$XOM Undercut and Reverse?NYSE:XOM this is a remarkably simple U&R play. I have gone long with the undercut and today’s reversal from the low on December 12, 2023. That low was $97.48. It broke above that this morning. My stop is simple. If it closes below $97.48, I am out because it will tell me it is resuming the downtrend. Should it push higher tomorrow, I will add to my position. All TBD.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
QQQ Will Collapse! SELL!
My dear friends,
My technical analysis for QQQ is below:
The market is trading on 423.77 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 413.83
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
QQQ Jan 26th, after the close updateSharing my usual QQQ chart with weekly and daily levels (they get updated every Monday for Weekly and every day for Daily)
#QQQ is in an ending diagonal, bull flagging, so early next week price action is important.
Should break above or fail on a grand scale!
Below 420.50 will trigger a strong selloff down to 412!