Jonas99

Jonas99

PFE is an enormously profitable company that is not in fashion with the momo crowd or the new kids chasing sexy names. It is however an A+ company with staying power and good dividend yield, a better alternative to bonds in today's near-zero interest rate. As SPY correction is highly likely, it is perhaps a place to park some cash. Also, the market has shown...

Jonas99

SPY has been in a topping pattern since Dec 16, it stalled at 1.272 Fib. Do not think Algos have much power left to move the market higher, given the extended rally and the uncertainty with a less market-friendly change of guard in Jan. Targets are 363, 360 and then more important one 357 at which point, we may see some consolidation. A Put butterfly for Jan...

Jonas99

The stock gained near 40% from its Nov low of 860 to a recent high of 1285, propelled by a 3D Squeeze that fired for 7 bars. Squeeze usually fires for 7 to 8 bars, so we are likely entering a consolidation phase with a probable retracement to $1000 or 50 MA. It's Stoch/RSI has a good history of forecasting price trajectory and the last candle also hinted at a...

Jonas99 Updated 

The bear thesis initially relied on that It has broken the daily 267 and 200 MA of 272. And it may be in a C move of a corrective ABC. Monday's mega-cap rally, including AAPL, AMZN, FB, GOOGL, to less extend NFLX (but not NVDA) blow the bear story up. What could we learn from Friday's chart, to possibly foresee the rally, instead of predicting a further...

Jonas99

Someone, please document the journey and timeline of this near 10x stock! I confess to not knowing much about the company.

Jonas99

SNOW had an H&S topping pattern, the rapid post earning gains have all given back. Normally, one would expect a bounce, which could be to 350. But the 300 mil plus shares that become free tradable are very likely hit the market with plenty of supply, as holders waited until the new year to avoid the capital gain of 2020. Assuming 20% of the shares would come to...

Jonas99

SPX has rallied non-stop for 9 months, almost, produced a 41% gain that is twice the 1Q's gain. Covid April low is excluded, instead, the monthly average at the time is used as the base of the 2nd gain. While not calling the timing of the correction from the over-extended market, I intend to position for Jan, Feb, and March with stacked puts or put...

Jonas99

GOOGL continues to be one of the mega-cap of relative value, with growth and admirable earning power. It did gain 32% in recent months so consolidation is in order and a retracement to 1690 likely, then 1650 is probable. Consider a Put Butterfly of 1700 /1680/1660 for Jan 15. Then the stock may start a small run in anticipate earnings if the large market held up.

Jonas99

FB advanced with vigor with a 5 EW move, until recently it started a corrective ABC move, of which we are in leg C that yet to complete. It has broken the daily 267 and 200 MA of 272. Likely test 250, as major support, and the previous gap-up line. Fundamentally, it is still a great business that yet to peak in earning power but we are in a market that money...

Jonas99 Updated 

FB @270 one of the few mega-cap laggers yet to move is likely ready to move higher based on MACD RSI and a few hints from Candles. More importantly, we are in the mega melting up stage for everything.

Jonas99

Momentum indicators have given a slight hint of favoring the upside. A 3D long Squeeze is significant as a ready gas tank to move the stock, mostly upwards. We do need to remind ourselves though the stock has moved from 1800 to currently 3170 in one major move, a significant feat that may not be repeated anytime soon, hence the target for the upside is modest of...

Jonas99

SHOP went from 1000 to 1250 in less than 10 days. Could we have foreseen the move? Possibly. SHOP consolidated more than 4 months in a long rectangle which is a continuation pattern or corrective. The tell for the breakout was a 3D Squeeze which also was clued by the tilting upwards of Stoch RSI. On the Chart, there are 1, 2, 3 numbered to point out the signs. I...

Jonas99

The fluffy stocks or "balloon" stocks with little or no revenues have taking the money flow out of an already pressured "demand" from the market and the mega-caps such as AMZN FB FDX NFLX. It will take very little selling for us to get to 12400, likely before yr end.

Jonas99

The market has been on hopium with the flood of new IPOs and hot stories at values that have not seen in the market's recent history collectively. Technically based on timing and price symmetry we are likely to see a natural retracement, to at least 3600 and 3535. Beyond that, my vision is blurred LOL.

Jonas99

GOOGL is one of a few bullish mega-cap in recent weeks, undervalued compared to AAPL TSLA AMZN. Technically it is likely to retest 1700 and further 1640, before resume uptrend; as MACD has turned negative and MA tilted downwards. I would view the potential pullback to 1700 or 1640 as a buying opportunity with PCS or CDS.

Jonas99

Given the flood of new IPO and New Hot Sectors (EV, Bio, or anything the HERD decided it is), money flow is less favorable to an imminent mega-cap rally for AMZN in particular. Solid support at 3110 though, with resistance at 3270. The preferred Strategy is to earn some premium decay with theta positive trades.

Jonas99

Most anticipating an upside breakout with the Triangle and Squeeze are being so long. The market however is heavy and money has been flowing OUT of mega-cap to chase new Shiny IPOs and concepts. The earnings reaction of FDX is one example. Or SNOW hitting 100 bil plus market cap. And the market is running low on GAS. Forced to make a decision, I will still be...

Jonas99

NQ @ 12721 relentless rally since Nov, UP 15%. 1St Target 12500.