MarkitMaven

MarkitMaven Updated 

Wave 5 is to be completed by earnings. Target is 225. Contingent on breaking previous high of ~209

MarkitMaven Updated 

Since the beginning of this bull run, the patterns has followed my first scenario: Now we retested our support and bounced back up. Let's see if this trajectory persists.

MarkitMaven Updated 

There is a strong resistance above this candle causing a massive sell-out and strong rejection as soon as the price hits the line. But Volume is increasing since June 3rd on this bull run. Since it broke out of the bullish pennant and retested it successfully, there is a good chance of it breaking above this resistance. In that case, there should be a period of...

MarkitMaven Updated 

Use a needle! The smallest of triggers could cause Tesla to crash and settle at some sensible levels. I have marked some of those levels of support. Some may say that's too generous but anywhere under 200 would be acceptable. Oh, also check out the death cross on daily!

MarkitMaven Updated 

After last three days, NVDA has shown major weaknesses. With down volume and three black crows, NVDA should go back down to test 200 MA post split and S&P500 event. It should, however, have a quick bounce at around 50 MA but it should keep going down another 10% within a month or so.

MarkitMaven Updated 

Starbucks is going to hit 135 soon. Are you ready? Everything about the cup and handle pattern checks out. You can also see three white soldiers candle stick pattern. Educational points: A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and...

MarkitMaven Updated 

Three possible scenarios with a lot of obstacles on the way. Currently two of these scenarios are bearish. But are we close to a reversal? Let's see the chart. First we need to smash 34.5k resistance level, above 50 MA, and see if we can make it to 37k and break it. If we did, then there should be a retest of that line before we move up to test the next resistance...

MarkitMaven Updated 

Inflation is mostly transitory and that was shown in last Thursday CPI and how market reacted to it. So how low is this going to go? 1.1-1.2 is the sweet spot for US10Y to get settled. "Growth game" is starting to gain momentum and should go on for the next two months. Does that mean Bitcoin is going to go back up? That's also a likely scenario. Let's see.

MarkitMaven Updated 

COST is about to hit its ATH soon. The volume is decent and the buying pressure is high. Buy here and hold till 450. Stop: 372 Limit: 446

MarkitMaven Updated 

FB is breaking above a bull rectangle . MACD and Stoch RSI both are supportive of this move. Target is marked with the green box. Volume is not strong enough, wait for confirmation. Confirmed after breaking above 340.

MarkitMaven Updated 

In most cases, the stock value increases significantly following the announcement of inclusion in the S&P 500 Index. This Phenomenon, also called the S&P phenomenon, may be explained by price pressure, downward-sloping demand curves, improved liquidity, improved operating performance, and increased investor awareness. However, in most cases, these price...

MarkitMaven Updated 

If this was NOT an inverted chart , would you be bullish or bearish? Hint: Yields are retreating.

MarkitMaven Updated 

I am not short SPY but having those protective puts could hedge against your positions during this market correction. Considering taper tantrum, hot inflation, and all the international tensions, let's hope that it doesn't turn into a crash!

MarkitMaven Updated 

120 is the target in a month. Opened 110-112 call debit spread (CDS) expiring 7/9

MarkitMaven Updated 

Knowing and recognizing divergence classes is one of the most important tools for technical analysts. Here is a printable cheat sheet!

MarkitMaven Updated 

Is it taper tantrum or just your normal market correction, the sell off has begun and bears are taking over. Look at those insane RSI numbers!

MarkitMaven

Let's see. Previously, I predicted that US 10 Year Bond Yields are heading to 1.25% and it appears that we are there already: But I believe there is a long way to go. At least another 0.2%

MarkitMaven Updated 

The fate of BA is going to be determined this week. Is it breaking down or reversing back up? It feels like it really want to go down but let's the trendline might hold up. The demand is still low so we have to see. Keep it on your watchlist.