DaddySawbucks

DaddySawbucks Updated 

Buying an ER play on Apple. Opened three Apr 29 155p / 162.5c net debit 5.55. Expect calls to profit but who knows, its nuts. IF it tanks the puts will pay well IMO so i went a bit farther OTM on the short side. Stock trades at 160 on opening. Moving up now. Wish us better luck than Meta! LOL

DaddySawbucks Updated 

Measured move coming IMO. Massive tank possible. Open position, been DCA these 29 Apr puts: 175 #8 170 #6 165 #4 Amazing tankoff today... not holding QQQ overnight it could certainly enjoy a brief bounce to start the session, but; FB meltdown will tank the techs.

DaddySawbucks Updated 

Not sayin this is going there, but it could snap off just like that. Breaking the support TL is a BearMarketSignal IMO. Trade with care, or stay in cash. 'Finishing move' could be Initiation Impulse... BottomFishing can kill you... sucks to be Wrong! GLTA!

DaddySawbucks Updated 

ABC Fib Extension 1:1 at 4255; 1.27 fib extension could give a wick down to 4170 area. Friday's 1k drop in DJI feels like a finishing move. Left shoulder was 4222, see if we get it Monday. IF this is an impulsive 3rd wave down, then it's bottomless. Monday likely to enjoy a bounce, ofc can sell more but a bounce is coming. P/C ratio .72 now; two puts open for...

DaddySawbucks Updated 

Chart says all. Strong similarity to structure from March rally. Down channel is an obvious bull flag formation, seven waves down. A measured move would reach over 4800; A blow-off top?!? Anything is possible; not sayin this will happen; saying it could. At any rate, indicators gone oversold and a clear EW impulsive downtrend appears at or near completion. This...

DaddySawbucks Updated 

1:1 > 2:1 > 3:1 rolling downhill at varying angles of descent. ABC Correction to finish off on the 3:1 track. Target in the box. Offered as alternative hypothesis to my bull case scenarios. IMO can break either way; trade with great caution! GLTA

DaddySawbucks Updated 

Chart says it better than I can. Moving up from oversold. NFLX put a damper on it but that won't last long imo. Move above 4480 is bullish, eh? Take a look at Dec 2018 for the pattern. Double top at a lower high after decline from ATH, before the massive selloff. The projection as shown is for an EW impulse. Might get it, might not. See what we get! No position...

DaddySawbucks Updated 

Yeahhh... baby dig that rare bird the 7th Elliott Wave. These used to be once in a decade structures, now we got two within six months if this plays out. It did this in November. This is a distribution pattern. Just when you think the damned thing is gonna bull, it rolls over again... and again... and again. Monday 18th ought to finish bearishness if this...

DaddySawbucks Updated 

Typically these sell halfway back to support mid-pattern. Double topping / rejecting from 4600 price zone. Weakness in small caps and DJT may signal reversal soon. Be wary, be safe!

DaddySawbucks Updated 

Probably close to a meaningful pullback zone at the .62 fibo from Jan 3 highs. OFC it can always creep higher, been on rally 9 days now, usually means a dip to be expected. Overbought in every timeframe now.

DaddySawbucks Updated 

Perfect stop up at the Fibo. .62 retracement of correction, a Fomonacci high. This has been a pure technical rally in face of most worrisome bad news in years. Meme stonks back in action and FOMO drives higher nearly every session. Would not bet on getting a lot higher but ofc it can always creep up.

DaddySawbucks Updated 

Pumped to .786 nonstop. Last massive pump in Jan looked a lot like this and lasted a week. Overbought on evry timeframe, lol. Pullback to some Fibo seems likely IMO. Bear breakout, bulls are back in town. Get ready to buy the next dip for an April run to ATH.

DaddySawbucks Updated 

Update from falling wedge idea. ONE MORE flushout low is likely IMO, lower arrow. Will complete 5-EW down, far below 200 DMA. ANY positives going forward will be an excuse to breakout. Retest of wedge TL at upper arrow will confirm. Bullish impulse may follow. BE WARY: Entry into WW III, worsening conflict in Europe, invasion of NATO member nations will...

DaddySawbucks Updated 

Get ready for a face melting monster rally EOM into April.

DaddySawbucks Updated 

Watch for it, see if we get this. Early March could still get quite bearish. War rallies tend to be impulsive and fierce. It's relief from uncertainty, but doubt recurs.

DaddySawbucks Updated 

When the former Soviets roll over Ukraine you can expect the measured move depicted IMO. Maybe you don't care to play shorts, but think carefully about holding longs. might not be prudent at this juncture, eh? NB: An expedited closed FOMC meeting is scheduled for Monday 14 Feb: www.federalreserve.gov Advanced Notice of a Meeting under Expedited Procedures It...

DaddySawbucks Updated 

Breakout above falling wedge TL will confirm trend reversal. Measured move correction is completed on Ukraine invasion. Expect 0.50 - .62 Fibo pullback, briefly then rocket higher. Retest of breakout will exclude fakeout like we had on last lift (overlay). Moving up from oversold on RSI, wave trends indicating buy signal.

DaddySawbucks Updated 

Just a thought... so very beary, so many putholders, looks like the bottom about to fall out... just before a massive face-ripper?! Maybe not a great idea to buy anything, just sayin' shorting it here could be a bad disappointment too!?! Trade with care!