KoreanStreetBets

KoreanStreetBets

Hello Traders, As our followers know we remain bullish in the US equities however, there are definitely some signals that are pointing towards some more volatility. We're not ready to short the US market just yet but as the dollar rises we want to also leave some downside hedge. We'll be targeting EEM. Many emerging countries do not have enough dollar...

KoreanStreetBets

Hello Traders, Wild Monday? We woke up to a rather scary morning with big red everywhere. Knowing we only had positioned for the long side of the market at the Friday close. We were a bit worried but jumped into the market strong. We grabbed AAPL right at open as it was near the psychological support near $100. It worked in favor for us as we were out of our...

KoreanStreetBets Updated 

Hello Traders, Crazy week already. Don't worry we mentioned the market will be volatile this month. Lots of upside and downsides to play but we need to be careful not to get caught up on the wrong side. We are still overall very bullish but we need the market to digest the FED news and go through a few more days of volatile trading. Market really didn't...

KoreanStreetBets

Hello Traders, We are long on EOS this weekend with some bullish momentum in crypto. Position filled at 2.786. EOS hasn't participated much in the recent crypto rallies before the sell off. Perhaps a much bigger run incoming. 1st target at 3.1 2nd target 3.5 3rd target 3.8 All depends on how Bitcoin bounces. *NOT A FINANCIAL ADVICE, THIS IS JUST OUR...

KoreanStreetBets

Good Morning Traders, We had a nice bounce in the market wednesday morning leading up to thursday premarket trading session. However we haven't seen it hold well at those upper levels at $280-290. Yesterday's sell off was due to stimulus bill not getting passed + crash of the pound currency. Although we're ultimately bullish on US equities, we're expecting...

KoreanStreetBets

Hello Traders, TSLA is going to the the 2nd moon! Just kidding. We chose TSLA as our top choice in the tech sector based on today's premarket setup for a nice bounce play. Two price levels we were watching: 1. $357.50 Premarket Highs 2. $341.90 Premarket Low Support TSLA initially opened very strong breaking above the premarket highs but we did not enter...

KoreanStreetBets

Hello Traders, NKLA has been pinned down lately on the assumption that this company is not real, they don't have a single product, and that they are a total scam. Well...there's a lot of those in the stock market. We are NOT another NKLA shill...we simply trade the charts. Let's take you guys back to early August when we entered our trade (3-6month swing...

KoreanStreetBets

Hello Traders, IWM (Russell2000) has been one of our FAVORITE trades this year. We've participate on every major rally we saw. Those nice 6-10% overnight hold trades. We're waiting for the Russell and the Dow to join other indexes towards the ATH breakout levels. Let's go straight to the chart. 2 important levels: 1. $153-154 major breakout support 2....

KoreanStreetBets Updated 

We've been watching Tezos for quite some time. We played the last rally from the $2.40 support zone and we're here again after a massive crypto sell off. We noticed a bounce slightly higher than the previous lows around this level. Short term LONG trade idea to $3.20 level. *NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY...

KoreanStreetBets

Hello Traders! QQQ...pretty much everyone's favorite this year right? NASDAQ has been melting up this year and has been setting new ATHs since the March lows. If we take our trading sessions back a few weeks. We were looking for a pullback at $270 level and a retest of the major breakout zone of $237 support. However, this thing just set a new higher low and...

KoreanStreetBets

We took a beautiful short setup on this pair about 1.5 weeks ago. Took it down to our TP at 1.6189 for about a 235 pip trade. EUR/AUD pair has been in some what of a large range between 1.619 - 1.657 all summer. We believe that this pair will continue on a large weekly downtrend however in the short term these large bounces can easily be 100-300 pip ranges...

KoreanStreetBets

Lululemon had an incredible rally last week heading closer into earnings but sold off about 13% from the top. There was support found around the $346 level. We suspect that this is just a pullback. We played the run up last week luckily took profit on our short term 2 day swing trade. We are still bullish heading into Q2 earnings report. WHY? Ecommerce. Q2...

KoreanStreetBets

Hello Traders, First official publish today! Let's take a look at the SPY on the 4 HR chart. No fancy charting needed. Our strategy follows simple market structure. BIG question leading into next week...IS THIS THE SELL OFF?! We're Bullish. We were expecting some sort of a pullback and it's nice that this "major" sell off took us back to simply retest our...