Jonas99

Jonas99

In the ocean with the big tide, AMZN is finally moving. RSI and MACD still tilting up, not peaked yet. 3300 is a likely target. We are melting up baby for the Xmas!

Jonas99

With QQQ at ATH, money is slowing into mega-cap one by one. GOOGL was first, then AAPL. Now it's AMZN? A 3300 IC with 50 wide wings may offer good decent risk-reward if the stock continues to match towards 3300. Otherwise, a PCS or an Unbalance put spread around 3200 levels?

Jonas99

Positioning for retracement starting in early Jan then into Feb. Could happen sooner but the 6th sense is that some forces out there want to keep the market up UNTIL. Momentum and divergence both point to a correction trajectory. Delayed capital gain selling and IPO gains will likely see additional selling pressure.

Jonas99

SPX has been in a tight range, grinding higher slightly every day. Momentum indicators have signaled a downturn as well as the divergence throughout this 40-day long rally. The targeted retracement is 50% Fib by mid-Jan of 2021. Levels are 3591,and then 3515 (50% Fib)

Jonas99

The stock has bullish sentiment but its action is less bullish (heavy). Xmas rally may not come this week. THE preferred ST strategy is PCS while waiting for evidence of energy or momentum. Alternatively, a bullish butterfly with a not overly ambitious target > 3150/3200/3250? Also, AMZN was upgraded as the best idea of 2021, with that the stock's run is...

Jonas99

TWTR has been slow and steady in raising with improved business metrics. It has made an upside move similar to the previous one, however giving its monopoly position (real news in real-time), I would be interested in buying the stock in a pullback to 48.78 a likely small retracment. For the moment, ATM PCS is a way to go or unbalanced put fly centered around 48....

Jonas99 Updated 

Snow has skied upwards to 398 today, from a post earning low of 272. With 20% short, the squeeze the short play has worked out great for the longs. With lock-up free coming up in 10 days (Dec 14) and market cap reaching over $100 bil, it's very probable the stock will retracet back to $355, then 320 around the VWAP. Info about the co: As of the first quarter,...

Jonas99

AMZN continues to drop to tease the bulls. Finally, a few signs of encouragement from technicals with RSI has a slight uptilt as well as MACD crossing. A conservative play for me is a butterfly centered around 3250, 100 wide 3 weeks out. So 3150/3250/3350 for Jan 15.

Jonas99

LULU had made symmetry advancement prior to earnings to the high of 383. A little turn downwards on MACD. The line in the sand of the first retracement is 61.8 Fib level which also is at 50 EMA. RH had a similar reaction as well as ADBE.

Jonas99

Very liquid with tight spreads. Volumes have been visibly higher. Target 30ish. An alternative idea to short TQQQ (not sure if it's shortable?)

Jonas99

CRM has gained 48% this yr or 50 bil market cap into a total of 200 bil. The gain is a small potato compared to the new market darling such as SNOW, DASH, AI and ZM, PTON, ETSY, CHWY. It has the disadvantage of a large flow and low short interest so it's not a cult stock. So it acted like all mega-caps like AMZN AAPL FB NFLX with large flow and small short...

Jonas99

NFLX has been chopping in a small range of 470 to 530, centered around 500. A good IC play with 3 weeks horizon out and keep rolling to collect the premiums. Business-wise, it has peaked, as many competitors are sharing the growing pie and free content is just good from proper curating.

Jonas99

From a high of 12670, NQ broke 12400, next major support is 12000 then 11600. We are likely to get there giving the flurry of new IPOs and how extended the market is.

Jonas99

While most are betting a bullish breakout of 3500 or more, the near term outlook is to test 3050 first, before resuming the rally or breaking support. Strong support is at 3110. Amazon is an A+ company but we need to be mindful of the fact that the stock has been up 80% this yr, a huge move for a mega cap. A flurry of IPO supply does not help the FANNG stocks as...

Jonas99

Resistance is at 252 and 1st support is at 227 (closed to 232 right on the MA), next target 220, the purple channel support line.

Jonas99

NVDA surprised bulls with some pullback, with the backdrop of a runaway bull market for tech. VWAP is 537 so an IC of 20 wide brings in a $10 premium may be a worthy trade. The base chart is adopted from another user to whom I am thankful.

Jonas99

1st target 12062 2nd target VWAP 11816

Jonas99

BABA is one of few losers of mega tech this yr. The stock seems to have settled around 260 area and is likely to crawl back up to at least 277 in the near future. Risk reward is good enough for a well know large tech.