FriscoTrades

FriscoTrades

Palantir nice MACD curl and curling off the trendline support. Can trade the ascending triangle or wait for a breakout as an idea. Good consolidation period I think the next move will be explosive... my bias is to the upside.

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For any OTC gang , this technically looks ripe for a breakout higher. Already coming out of a consolidating base with good volume.

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Seeing if we get continue downtrend or if Bulls can recapture 21EMA Looking for breakout of the descending triangle for the larger move... anticipating a tight range until then.

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Open with a nice rounded based, box breakout , moving averages turning up... Gotta go long here ... will add on dips with $29 First PT

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IAG weekly coming out of demand zone possible pivot point here . Recaptured 21 EMA for now, went long commons. Trailing -%10 , set it and forget it . Bullish MACD cross and QQE buy signals for technical indicator confluence.

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XLY top weighted stocks : Tesla, HD, Amazon, MCD .. Showing STRENGTH relative to SPY with bullish breakout of pennant and breakout of the recent down trend line.... While Apple and Microsoft are turning down, Tesla has been strong grinding it's way to over $800 and appears to be headed for ATH's next... It will be interesting to see if we get a big breakout...

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Logarithmic view is the clearer picture imo with BB turning down. I like the idea of a move down to 4290 this week to provide more liquidity for the Q4 rally / blow off top. If this zone breaks I'll be watching for the 150 MA as support (blue line) followed by EMA cloud zone. Bears today showed they are still in control with a "sell the rip" theme still going...

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DOGE Rival and thus meme strength! Bullish pennant breakout. Technically the length of the flagpole is the first target price. SL .00002300

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I'm long JETS so no trade for me here, but a good potential idea would be to trade the move to the AVWAP $236. Nice falling wedge breakout . Earnings 10/27 so keep that in mind for any option trades.

FriscoTrades

Love the cup and handle breakout here. Fertilizer market is ripping with CF and NTR both great trades for me already. Trail those stop losses and lock in gains. Happy Trading Blue skies ya gotta buy

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Raymond James break out and nearing 100 pivotal point which could send this to $120+ quick. SL just below the box $95 zone. Good R/R idea imo. Blue skies you gotta buy

FriscoTrades

Good momentum and breakout from Raytheon. First PT $95 with possible retest of box breakout. SL $89 zone. Blue skies you gotta buy

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Great box breakout , taking profits here. Possible re entry after RSI comes down a bit. Great trade !

FriscoTrades

TSMC is a nice Iron Condor Setup looking back :) I like credit spreads here or can try naked calls to ride the channel up . Earnings upcoming so a better idea may be to sell puts and capture the IV crush after. Regardless, TSM has been in the 107-125 range since March and you can trade it as such until we see a bigger box breakout either up or down. I took...

FriscoTrades

In the short term SPY broke out of the downward trend however break down below will signal a bull trap and anticipate a move back down 427 zone. Overly long so I want the resistance to now act as support. Perhaps consolidate even for next move up. Hedging with 10/15 436P nonetheless . Big OPEX next week, see what they do with that coupled with a miss on jobs...

FriscoTrades

$JKS holding short term trend line up , getting tight in the triangle. Expecting a move higher but needs to clear $48.5 in the near term. Break below trend line invalidates trade.

FriscoTrades

CEI ripped shorts faces off today. Nice basing right at resistance implies further move to the upside in my opinion. I like the 10/15 2/1C debit spread for .4 as an idea here. Meme strength

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Bitcoin updated chart. Want to see some consolidation here in the $54-59K zone for bullish thesis of $100K by December. Good accumulation and then it's next leg up to ATH in my opinion. Good MOMO