Liathetrader

Liathetrader

The last weeks in the markets looked ugly. If SPY is unable to hold this level (375) we are looking at LOY 363, and then 200 weekly MA around 350 or the end of this volume vacuum around 330. All plausible. Question when buying PUTS its only "when"?

Liathetrader

MSFT is in a massive downtrend, broke below the volume shelf and also broke the short term trendline. $240 seems plausible.

Liathetrader

Beautiful 0.618 retracement, potential breakout of a bullflag. My favorite small cap that had great earnings.

Liathetrader

Absolutely book perfect gap fill on AMZN. Straight down to the 50 and 100MA and also bounced on the volume shelf.

Liathetrader

$MSFT has been in selloff and it's been frequently discussed these days. If we break current level, there is not much demand down to $220 and $208, which would be about 36-40% down from ATH, respectively. I can see MSFT getting there if overall market is wacky. Chaikin Oscillator with Bollinger bands also generated sell signal on August 8th and since then it's...

Liathetrader

Let's see, a big decision time for SPY. Small bounce is plausible. Looks ugly.

Liathetrader

Failing bull flag on AMD, not retesting 0.5fib level and around 50SMA. Potential to get down to $83-84. Looks weak

Liathetrader

37.50 the 0.5 fibonacci retracement and a zone of a previous battle field. Strong resistance. Let's see how it holds.

Liathetrader

$AMZN is filling the gap from earnings. Let's see if it fills the whole gap down to 100/50MA that were just about to cross back to normalcy. Doni candle on close might create a new pivot.

Liathetrader

$PUBM - selloff shooting star candle. Potential supports below.

Liathetrader

Incredible hammer but low volume. Sold some puts this morning 160P for September regular. I don't mind owning this dividend stock if I get assigned.

Liathetrader

Will it bounce higher here? Or will we break through?

Liathetrader

SHOP has been accumulating for months, same like META. Sometimes companies take years to accumulate like this. Trade in a channel.

Liathetrader

Asymmetrical H&S pattern on $SQ. Breakdown of the neckline confirmed Potential targets of selloff around $66-$61-$56. Head and shoulder patterns have some of the highest success rates. I will wait for a pullback towards the neckline and potentially short there.

Liathetrader

Potential scenarios on $SPY for the upcoming weeks. 0.5 and 0.618 fib retracement and potential reversal. Will be cautious and if buying for swings I'll have stop losses right below in case this theory doesn't prove to be right. We had a strong volume on Friday's selloff, which suggests we can go lower.

Liathetrader

SPY didn't care about supports and dropped over 3% in one day. Scenario C seems more likely. 50SMA and also 0.5 fib retracement and volume shelf in that range.

Liathetrader

Gap filled. What's next? Scenario B or perhaps even lower to 400-390-385?

Liathetrader

$JPM is filling the massive gap from a couple of weeks ago.