Knight_Trading22

Knight_Trading22

I’m eyeing two scenarios for $SPY. First, we could test the resistance around 418, then if that breaks we could see the September highs around 431. What’s interesting is that the September high largely correlates to Apple’s run up, and subsequent fall into October 2022. The second and more likely scenario that I see playing out is an inverse head and shoulders....

Knight_Trading22

With Apple's rules for advertising on mobile apps (mentioned in their last 10Q) and growing competition in the space, especially from Tik Tok -- $SNAP is a fairly high conviction short for me. $47B market cap and still not profitable. $831 million loss through September and now we are in a bearish market for tech... Disclosure: Long February 18 28P

Knight_Trading22

In line with my previous post, expect $BABA to bounce from these levels to ~170 resistance. It's a true value play (with famed investor Charlie Munger doubling down on his position in recent weeks). I expect institutional money to roll into Chinese equities in the coming weeks as US rates continue to increase, while China loosens its monetary policy. Jack Ma has...

Knight_Trading22

$FXI (iShares China Large-Cap ETF) looking like a good trade for 2022. I usually stay away from Chinese equities but with Alibaba down ~60% (almost 10% of the ETF) in the past year and their Fed indicating a looser monetary policy, it looks like a great value play to combat the recent US Fed rate hike. $16M Darkpool print on Friday + Unusual OI for the 5/20 $40...

Knight_Trading22

$TSLA not looking too great here with the recent rate hikes... 50MA was broken to the downside last week and the Stoch RSI is in a downtrend. Expect it to retest the ~930 area by late January. If this area breaks then expect a retest of the 200MA.

Knight_Trading22

$QCOM is close to its ATH around 192 area (from December). Really liking its value relative to other names in the semiconductor space and with the rotation that's going on right now could see it breaking through this level soon. Very bullish options flow...

Knight_Trading22

Head and shoulders pattern for $DKNG -- looking for it to move back to the ~$18 area to complete the downtrend.

Knight_Trading22

$SOFI has a very strong support at the $14 area and looks positioned to reverse here. Look for it to test the $18 level first, and if it can break through, then back to $24-25. News of their bank charter will also be released soon...

Knight_Trading22

Expect $TSLA to move to the 1100 area early next week based on positive car delivery news for this quarter (16% volume beat). Stoch RSI looks good for a potential reversal here...

Knight_Trading22

$FUBO bounced off of a strong support ~15-16. Seems like a low-risk, high-reward setup with the potential to move quickly toward resistance ~33-34. Solid fundamentals with 386.89% revenue growth from September 2020 - September 2021 and $393.130 million in cash. Will assess early next week for a potential swing long...

Knight_Trading22

MP Materials long to resistance ~48-49 area. Stoch RSI looks good here, and I expect that the GM deal + inflationary tailwinds will aid the next move up. Stay tuned...

Knight_Trading22

While the fundamentals might suggest otherwise, I like a long here for $BLNK. There is a strong technical setup with support ~28 area making for a low-risk, high-reward entry. Stoch RSI is primed, and they plan on releasing new EV charging models next week. 34.25% short interest also makes it a potential squeeze candidate. Stay tuned...