Madrid

Madrid Wizard

It has not changed yet. TSLA is topping at a critical level where historically it has seen downtrend reversals. We had two consecutive intraday trading sessions and very low average volume. The bollinger bands are shrinking, which means there will be a strong move pretty soon. It has to break above 265, but currently the overall market is in a wait and see...

Madrid Wizard

TSLA has had five previous reversals when it hits the 260 level. And a Head & Shoulders is forming in the Weekly chart, which could potentially drive the stock to 140. Technically speaking it is still with a fading positive momentum, but with very strong divergences, i.e. HH on the chart, but LL on the momentum indicator. In the fundamentals there are good and...

Madrid Wizard

APPL has not been able to break its all time highs level, which is not good nor bad since it has been able to maintain above the 55 and 89 D-EMA's It means no new capital is coming here and old money is still sitting here. It switched from a trending market to a trading market. At this time is in its bearish side of the trading market and as long as it is within...

Madrid Wizard

There was a speculative move before the conference, expecting this to be a triggering event for a trend continuation, but it was completely absorbed with today's decline. TSLA has been dong LL-LH since the meeting and it is back at the levels we saw at the end of May. TSLA has to go back above 252 to attempt to continue the uptrend, which is unlikely since...

Madrid Wizard

June 15, 2015 30 min time frame. Since late february this year this market entered in consolidation, pausing the trending market and entering in trading mode. We're currently in an ascending triangle pattern and the risk is that it could break support if it fails to close above 213. We had three positive days last week, so we can expect people to take profits if...

Madrid Wizard

These are the bearish signs on the chart Negative Momentum Divergence Higher Highs on lower volume Strong Resistance ~250 Flat on this levels No institutional buying Dangling on the limit of Bull/Bear Territory

Madrid Wizard

TSLA is at a critical level, below a strong Resistance level it has not been able to break so far. The signs that it shows today on the Daily time frame are: Negative Momentum Divergence (Bearish) Ascending wedge pattern (Bearish) 40 days in rally mode and three uptrend waves Decaying volume and average volume No strong buying orders Still in the...

Madrid Wizard

There is a strong Support/Resistance area between 250 and 252, which hasn't been broken. It is at the tip of an ascending wedge with a negative momentum divergence, along with very little orders beyond 2000. Which can be read as few institutional participation since it reached the third wave in the uptrend. If this level is not broken then Today's close is...

Madrid Wizard

It looks like the long slide in the volatility market has found a double bottom. The price entered into a consolidation triangle, the average volume has increased, there is a positive momentum divergence after the double bottom and the control is shifting to the VIX Bulls. If the consolidation is broken to the upside the market will enter into panic and will...

Madrid Wizard

Resuming the analysis from this chart I published on March 11th. Back then I called the current peak which worked as predicted, and we all were happy, but there are signs that started to develop that are rising concerns. There is a Peak on February 2014, a bigger one on September 2014 and a new one forming on May 2015. The developing pattern is the dreaded...

Madrid Wizard

And if the music goes on, just keep on dancing around the musical chairs. Reaching the all time highs let's see how what the technicals say about it. SPX has reached the 100% Fib level , which is an important support/resistance level, and in my opinion, it's more a resistance rather than a future support. This bull has already run longer than the previous...

Madrid Wizard

The levels were topping at around 212. At this time we have a negative divergence on the trend, depicted on the bull side of the indicator. The bears are gaining momentum and today the levels reached the lower part of the ascending triangle, which means a possible break to the downside is close. If the levels can't go back to 212 the consolidation will be...

Madrid Wizard

After the turmoil we saw when the market threw up shares right before the "Official ER Announcement" let's see where we are now. $TWTR is still inside A consolidation Triangle that ranges from $29.50 until $74.70. It was not able to break it and it is just trading inside a shrinking consolidating range around $40, which is around the price set close to its IPO. ...

Madrid Wizard

This chart shows in a simplified way who is in control, and how this control has been shifting for the last weeks between Bulls and Bears. Let's remember that we reached the 53 Levels not based on the company performance, but on the Rumor, and most buyers remained there trading hope towards earnings. Let's see what it happens.

Madrid Wizard

Chronology The rumor, Insider Selling, employee share allocation program, volume and momentum divergences, bots, MAU's, strong dollar, ER, FB, just to name a few are some of the ingredients of this broth that will boil down on the 28th. 1. The rumor. Last quarter it had a good performance, so FB, Since Twitter has been in a consolidating range since its IPO...

Madrid Wizard

Yesterday we had what it looked like a rally, and it happened to be just a fake head that hit the upper resistance channel level to drop today so far 2.71%. The support ascending channel was broken on the 13th, and what we have seen so far was a false rally. During these days we have seen just peaks that look like those we often see on penny stocks, they inflate...

Madrid Wizard

In Wall St. nothing happens by chance or by mistake, everything has a purpose, and the purpose of the rumor seems to pump as many buyers before the Earnings Report is released. Coincidentally this will be at the end of the same number of weeks it was in bull mode last time. This week is closed with bearish weekly candle. So what can we expect? Just a Pump and...

Madrid Wizard

Buy the rumor? Seriously? By the fundamentals first Twitter Market Cap : 34 B Twitter Debt : 2 B Twitter Free Cash flow : -120 M Google Free cash flow : 11.4 B Is this rumor founded on solid ground? Google would have to meaningfully dent its cash flow to even consider this buy. And just by the market cap, not considering the debt value yet. So from this...