RSI Spiking, Out of Channel on Range.... Seems like a 20% drop could happen, or we could see a big run. Discretionary spending, still way up. I've been adding down near the bottom of Channel * NOT FINANCIAL ADVICE * NOT A FINANCIAL ADVISOR *
Elliot and repeating patterns show we may be due for a dip in TQQQ before we start the next 5 part rise. 18 month analysis of trying to trade the patterns shows I'm better off just buying and holding. +11% trading actively vs. +34% buy and hold, but have to be ready for coming short term dips
On the long timeline TQQQ is in a wave 5 up, and could have another 2 months upward. We're roughly 49 days into a 120 day period. Wave lengths aren't constant but do seem to run 3-4 months up, then 2-3 months correcting, before ultimately heading upward again. With a 50.8% Average Return Rate over the past 10 years even with the pandemic mess. I'm long TQQQ. I...
Confluence of key support level, rising trend, breakout, back test, and now Up Up and Away *NOT Financial Analysis * NOT a Financial Advisor*
My conviction rate isn't high enough to jump on this grenade, but perhaps if the right shoulder forms. *NOT FINANCIAL ADVICE, NOT A FINANCIAL ADVISOR*
Watching for upward movement. BWA has been in a very nice upward moving channel, and this is a rare dip and bounce moment. *NOT FINANCIAL ADVICE, NOT A FINANCIAL ADVISOR*
There's a nice downward channel, and we just bottomed. I'm expecting a rise to at least the 30m 200SMA then we'll see. Upward and breakout is my hope. Upward and back to bottom of channel is a strong possibility. The channel is essentially a megaphone. When she breaks we run. *NOT FINANCIAL ADVICE NOT A FINANCIAL ADVISOR*
Confirmation if we break above $89, first target $92.87 not a big run, but God seems to be sending signs in the form of comedy to me lately. March was all Penis Patterns (AKA Head and Shoulders). April brings the Ovaries (AKA inverse H&S) *NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
COIN opened up, then tanked quickly, so I went to see what direct listings typically do. Here are 4 others. PLTR is the exception WORK/Slack got bought by Salesforce which drove the price up I see declining interest and pricing in the direct IPOs of late. I picked up some COIN on open at $386, then sold as it dropped back down at $387 and am out. *NOT...
OSUR missed earnings by .03, but gave upward guidance with Emergency Use Act submission for rapid COVID tests. The upward wedge/channel has a 35% higher top from current levels and around a 30 day periodicity. Healthcare is a defensive play, and these guys have low debt. Reopening will require a lot more testing to confirm. I think it could break up from the...
Not my idea, but it does seem to hold some water. Note the orange spikes above the 10 Yr T Bill and pull up history 1990/2000/2008 serious corrections 6-18 months after the 3 Mo/10yr treasury rates invert, the US economy goes into recession 1991 was a 33% drop, 2001 - 83%, 2008 - 54% I've seen longer data sets that hold true even farther back from FRED *NOT...
Could go either way. I'm playing the upside. The drop overnight at 7am seems like market manipulation to kill Call Options and Stop Losses *NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
I'm long (and upside down). That said I think the 200SMA at 80 is a bottom worst case, and a new run up over 118 is being pointed at by the daily stoch, rsi, and .786 Fib line Best of luck. Playing with stop losses to prevent further losses in case the daily loses to the weekly. Weekly Worry *NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Narrow range today, minor down tomorrow and breakout possible if the market finally goes up on stimulus news. If stim won't buoy the market, it'll get even uglier soon. Interesting company with a 17% share of the worlds rare earth metals used to create magnets for electric motors. Huge upside as the world electrifies. *NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
The Risk Reward is a bit tight, but I think XL is near it's real bottom and will continue up further.
Looking for a move up soon. Have to watch carefully. Detail on 5 Min chart was more accurate, but TV doesn't allow publishing on that timeline. *NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
AGTC is a cool MRNA therapy biotech for color blind and seriously sight impaired It's trending down but keeps having small break outs. I'm hoping to catch a bigger one, but playing small as shown. If the waves follow then I'll go in, if not, it was worth watching. Paper exercise for breakout buying for a friend. @AidanMDang is the breakout Queen to follow for...
A big move one way or the other looks to be in the making The volume today on TQQQ was higher than it's been since 10/30 Looking at similar horizontal days of volume and correlating with MFI, only 3 days in recent history match and they all precede very large rises. Note the intersection: Vertical Purple lines, MFI Low, and Volume High EWAVE says we just did a...