NVDA may retrace some of it's recent gains. Full Moon 06/03 may create possible Inversion down. Big Gap to Fill. Good luck.
Full Moon 06/03/23 Possible Inversion Down. Big Gap to Fill. Short. Good luck.
The TQQQ options may be a good way to trade it. The Nov 25 2022 Call option with Strike price $25.50 Last traded at $0.86. That's $86 cost per option and your total risk. Low risk trade for a possible nice reward. Goodluck.
QQQ Target 258 called several months ago, HIT! with a Spike low of 254. Notice the reaction once the 61.8% retrace Level was achieved. Can I get a "Hey Man Nice Shot, What a Good Shot Man"! Exactly what we used to say in the Millitary.
META is also Toast along with TSLA and many other Bubble stocks. Next stop is $96. Goodluck.
TSLA has formed a Massive Head and Shoulders Top Pattern and Triggered Short with Break of the Neck line. It is/was a Bubble stock. Sorry, but Elon will soon NOT be the Richest Man in the world. Targets down...173, then 140, then107. Goodluck.
QQQ Weekly Chart 258 Target. Then 217 if things really get bad.
Maybe one should pay close attention to the .618 Retrace. What A Beautiful Dance She Does...
QQQ Next Target 283. I expect a Bounce because it is Oversold in my experience. But could go straight to 283. It will get there either way.
Gold has had a nice natural pullback to the .618 retrace of last large up move. After the big down day on Mar 9th, she has made three solid Targets down: Target 1965Hit! Target2 1930-1919 Hit! Target3 1895-1879 Hit! Lower support at 1854-1844. I would expect strong support at 1895 and the 50ema, and will trade to the upside above 1895 as per the 60 and 5min...
New position 3/14/22 Short AAPL. LONG 01 Apr 150 put with AAPL at 151. The Monthly chart shows Apple's steep 30deg. ascent since Jan 2019. It kinda looks quite tired and in need of a correction, I'm looking for 126. Then 109. Then 92. That would just be a natural correction from such a steep rise for so...
The Mar 9th AMZN gap will be filled back to a minimum of 2805...probably this week. Just like They filled the gap from Feb 3rd. Just like they filled Google's gap a couple weeks ago. The Banks and Investment Houses missed buying at those prices and want a second shot at it. Just silly little Market Makers games. They then usually bounce it up after the fill. But...
If this is not a Super Cup and Handle... just shoot me. The Short on Thursday night to 1965 Hit! If They bring it a a bit lower, Target2 is 1923 Then 1895-1879. And even down to 1828, and still be Bullish on one of the largest Cup and Handle patterns I've ever seen. Am I just seeing things?? Upside Targets are 2200 and 2466. I'm Trading the 60 and 5min to give me...
Well...I'm off the Gold Bull. Short at least to 1965... Maybe down to 1895 - 1879. Goodluck.
Well...I got bucked off the Crude Bull! As a great boxer once said "No Mas!". Price rejected off 130, the 1.27 Ext. of the larger high to low on the Monthly chart. News of the UAE saying OPEC should pump more, the yield curve doing bad things and stagflation talk... I punched out of Gold and Crude for now to reevaluate. No problem taking nice gains. Steve Wiess on...
If This Ain't A Cup And Handle... I Don"t Know What Is! Could see 2466. You heard it here first!
--UPDATE-- 3/8/2022 Target1 315ish Hit with a low of 318. Next Target2 is 286-276. A normal retracement, while still being bullish on the larger trend, is the .618 retrace of the Mar 2020 low and the Nov 2021 high at 258. That's a good ways to go. They will be selling rallies. Question is...can you ride the Bear? Good Luck.
--UPDATE-- 3/8/22 Added another green checkmark at 131! Next...they will challenge the all-time high from Jul 2008... Target 147ish and beyond. But you will see a bit of a correction at 147. Beware. Big Picture Target 182 if they extend to the 1.27 Fibonacci Ext., which would be the natural thing to do according to the market's structure. Be a...