I believe the markets have bottomed. AAPL is a great buy back at the demand zone fo 150$ area. Last year there was a yuge 50 million buy at 150 - nice retest of that institutional entry point. Enter a small postion in the 10 Delta Weekly 3 DTE Calls @ .21 the 165 C for 5/13 NOT advise, my own oppinion. #sizekills
NDX. on a breakout - Using the. 8 dte options for the first time - Expensive but the move!
*NOT ADVICE* TSLA Levels - 543 is the last line of support before another stepdown
BOY has it been a profitable week. Talk about head on a swivel. The nonfarm payroll was such a great pump that fizzled out FAST... Check out APPL. As goes APPL, as goes the market... At least I heard that once. Well, our dear APPL was measly yesterday on the BIG RAMP which told me the powers at be were letting that BUY button wait until today.. tehehe. The...
Stay nimble.
Never forget.. Donald Trump from New York is the DEALER of this party. I hope you didn't get faked out on that day of consolidation and loaded the boat with a GIFT form the gods of retouching 301 - 303. Beautiful hand played by the dealer. Wulcya at the line in the sand, I could see us busting it up tomorrow!
PUT it in your pocket $$$ Never let it fade away. In reality, this has been a LOT of choppy rebalancing of hedge funds and pensions and 401K. Scrap gains at quarter-end. Once.. pump.pump.pump. Twice. Look both ways before crossing the street. Wait for the final settlement and then. Wulcya..
Just keep riding the wave y'all. Trader your own strategy. Refine that strategy. Trust that strategy. Refine that strategy even more. Repeat.
What a ride! My theory is that SPY wanted to click into "oversold" before we come back and break the line in the sand we've been playing with for the last several days. Stay nimble. Manage Early. Keep your mind, right. Tune out the "noise." Trade YOUR strategy.
Just as the VIX touches home base, the next scene began this afternoon with a crescendo. I believe today we made a bear island on the NQ. The ES was clear last week but the NQ has been the real leader of this rally and I continue to believe will lead us on the next leg down. Hold onto your butts if this thing falls apart...
Practicing my Candle reading tonight and learned about and, now, spotted a distinct "Rising Three Method" pattern. The Bull Party party rages on! Prez lives another day.
In short, I am no longer short. The recent additional QE measures and absurd position of the Fed to continue to expand it's balance sheet with no regard of the consequences tell me a few things. A. The fed and talking heads know that they have pretty much convinced THE HERD that blowing a bubble inside of a bubble is not only logical, it's our saving grace. B....
The 14% pullback projection seen in the above is derived from the ratio of change seen in 2018. This thesis is based on the following: If 2018 was the beginning of a megaphone type corrective move, then the % change will be of greater magnitude; however, the ratio's expressed as % change should be statistically similar. During the corrective moves in 2018, we...
Time for the Q's to get beaten like a rug. Stay hungry bears, we JU$T started this.. "Growth" stocks by their nature are NOT defensive stocks. A roll out of tech stocks into industrials has begun. EG that crazy Boeing move, well that and the funny money... Look for THe Nasdaq to lead the next leg down as they are EXTREMELY debt ridden.. Corporate Debt.. that...
Poor apple got abused this week. Dumped hard and then pumped right but up to be a nice fat piggy.. Sadly much more pain is instore for our beloved overpriced appliance provider. On the next leg down, the Nasdaq will lead. This means that all your tech or "growth" stocks that have been born, raised in the daysofdebt are about to meet the L0rd. Apple wasn't raised...
*No position currently, however looking to add one. Currently short several Nasdaq stocks. This is one I have my sights on* On the next leg down, the Nasdaq will lead. This means that all your tech or "growth" stocks that have been born, raised in the daysofdebt are about to meet the L0rd.
Beautiful reverse H&S pattern with the nail marking the bottom of "this" move and the rip starting us off our new lows. This market has amazed me with how well even when the hive mind is in true form, the fundamentals of LT trend lines and Fibonacci level ring true. Buckle up this ride up will be just as wild. Act 2 .. up next.
EIther we accumulate around these levels before moving lower, or we move straight down. What're your thoughts on the next two weeks?