FiboTrader1

FiboTrader1

AMD reports earning next Tuesday and is currently resting on a support zone from DEC/JAN. I am taking a small CALL position before earnings with the anticipation of a 175 gap fill and potential move to 184 in the next few weeks. If you follow this trade, I would recommend taking a small position, so it will not take out your account if it goes against you. Thanks...

FiboTrader1

ServiceNow is one stock I will be shorting aggressively, but that time is not now (pun intended). I see a possible PT of 933 in the coming weeks now that it's broken above $814 resistance.

FiboTrader1

For those who saw my callout of this trade on AMEX:SPY "Minds" and to everyone else, this is what I am seeing. RSI is showing oversold on the daily and is due for a bounce. PT1 is 54.50. Feeling a like a good golf day before heading to the mountains this weekend, but I'll try to get more posts up before heading to the links. Happy trading

FiboTrader1

NVDA's 10 and 20 SMA are coming down onto the 45 SMA and we are seeing a rollover on the 45 SMA which shows severe weakness. Expect NVDA to eventually fall below the 45 SMA and hit my first target (1.618 fib retracement) of $111

FiboTrader1

SPY has completed its Wave B bounce and in the coming days we should expect a Wave C to lead us down to the 1.618 fib retracement which aligns perfectly with the support created from late June. With big earnings this week and GDP coming out on Thursday, there are many catalysts to bring us back down to touch the 1.618 before a possible bounce again.

FiboTrader1

NFLX posting earnings last week and has since traded sideways. The gap at $675 was filled due to a surge in buying last Friday morning, so now the larger gap at $493 is the next heading. I don't believe we hit that target for several months, so we will stick to the short term. NFLX hit its 1.618 fib retracement to the dollar and bounced off to retest $656 today....

FiboTrader1

GOOGL reports earnings next Tuesday as well as many other big name stocks. With selling increasing throughout the overall market, I see GOOGL as one of the main companies leading us even further down. PT1 is $162 and PT2 is $150

FiboTrader1

NVDA's SMAs are turning to the downside which means major selling ahead. NVDA is resting on the 45 SMA and when the 10 and 20 fall below the 45 SMA, PT1 is $107 and PT2 is $89. The 1.618 fib extension falls directly on May 31 support, so this target should be seen by as early as next week.

FiboTrader1

This week the markets have been getting battered as I predicted earlier in the week. Many people on the message boards are adamant that we will reverse and reach a new high, but from my analysis I just don't see it. I trade using SMA's, RSI, and Elliott Wave Theory. From the conclusion I've gathered from top EW analysts that I follow on Tradingview and other...

FiboTrader1

This week the markets have been getting battered as I predicted earlier in the week. Many people on the message boards are adamant that we will reverse and reach a new high, but from my analysis I just don't see it. I trade using SMA's, RSI, and Elliott Wave Theory. From the conclusion I've gathered from top EW analysts that I follow on Tradingview and other...

FiboTrader1

ENPH is in a strong decline and I don't believe earnings will do this stock any favors. I'm looking at a decline to $73 again and if earnings are overly poor, this stock will drop to $31 by this year or next.

FiboTrader1

Based on my wave count, SPY is in its final wave leg up and we should see a rejection around 560. I'm seeing an extended wave 5 and will continue to look at other possible wave counts between major waves, but the thesis remains the same in that SPY will correct soon. PT1 is 546 and PT2 is 532

FiboTrader1

META is showing downward momentum on the weekly chart and staying within its ascending channel. If META falls through $527 support, PT1 is $515, PT2 $506

FiboTrader1

LLY is showing overbought on the weekly with the RSI and candle Bollinger bands curving to the downside this week. The upside target is 933 and two downside targets of 893 and 851.

FiboTrader1

AAPL has approached its 1.618 fib extension target and RSI is showing well overbought. First PT is 220, PT2 is 213

FiboTrader1

NVDA SMA's are showing slowing momentum and I believe we see a correction this week. If NVDA cannot hold $126 support, the first PT is $119 for this week.

FiboTrader1

SPY may retest its high of 550, however, it isn't required. If Wave 5 is complete, I'm looking for a ABC correction to PT1/wave A target of 518.

FiboTrader1

Polkdot is my favorite crypto coin right now. I came across this coin after speaking with a MIT professor a few months ago. I really like the use case and the team behind this coin. That being said, I think we've reached the bottom and are going to turn upward going into the remainder of the year. My first PT is 15 and PT2 is 22.