ericflushboys

ericflushboys

Thursday bullish movement even the DXY strong Today I am not going to short it unless i saw the fail breakout Or it may switch sturcture and close above 4003, then next week will be bullish bias

ericflushboys

cpi on this tuesday, bearish on this number. SNAP finally have a doji red bar on weekly chart wait it bounce to 11-11.5 level to entry put, target 9.5-10. The market bounce shows weakness after a long run. META new high, PINS failed, BMBL failed. The XLC sell off last week

ericflushboys

XLF cup handle pattern BAC after earnings, make higher high SPX is bullish, will test 4100 level

ericflushboys Updated 

4 Red days in a rol, breakthrough support trendliine levels, i am waiting a death cat bounce to 3900-3930 for potential short set up. Christmas is coming, small volumes before the end of 2022.

ericflushboys Updated 

1. attempt monthly resistance level 2. overlapped with upper trendline 3. attempt weekly resistance trend line 4. spy is about to break soon 5. XLC sector is relative strong but about to reach resistance level 50 So I am taking the META 01/20 125P for a swing trade. Remember CPI next thursday, i dont think market will pop or drop hardly before next Thus

ericflushboys

Chinese penny stock, a borker deal let chinese trade u.s stocks from mainland, which is illegal in china The China SEC warn TIGR, which caused a big gap down on daily chart. It is popping with small volume, I took some 2/17 4P puts. It may pops to 4.2 level Bearish on the long term and believe this penny stock will go to $1 eventually however, short term anything...

ericflushboys Updated 

1. Yearly bar red, normally the next year going to make a new low 2. recession not going to benefit macy's Risk: It MAY pops to 21.75 level to reclaim the resistance if the market bounce recently Important CPI and unemployee data will be released before next thursday

ericflushboys Updated 

Drop below the mid line + possible lower low, it has a higher chance to retest the key level 260 on daily chart.

ericflushboys Updated 

Wait it pops to resistane level 12 to entry puts. fundamental: EV sector will tank with tsla, a chinese ev NIO, another penny stock in the near future. NOT only NIO, also LI, XPEV. plus china subsidy will end by the end of 2022. technial: a bearish flag on daily chart, first target 10 market: 12/26 market close, 1/2 market close. do you think market will bounce...

ericflushboys

SP500 may bounce and retest the 3960, but i dont care about it. Cuz BYND has its own trend, i hope it will move up to 13.5-14.0 level as market bounce bearish both on daily and weekly chart. One reason i dont like is when ppl can not afford cheap real beef as cpi blast, who will buy the high price beef made by vegetables?

ericflushboys Updated 

Bought put when stock pops up to 330 level. solar sector benefits when oil expensive, but oil is droping, and help CPI move down to 7.1%. If FOMC statement is ture, oil will drop hardly in 2023 to help 2% CPI goal. ENPH monthly chart is developing a possible doji star at the upper level trendline. So I short it Risk: the powell speak can change the short term trend.

ericflushboys Updated 

Covid is almost over, plus china will open up. ZM is very close to its IPO price, it retest the current low 70 level couple times. I bought put on 11/30 (1 day before powell speech). My first target is IPO price which is 65.

ericflushboys Updated 

tsla and lcid, both make lows, auto industry is vulnerable during a recession. RIVN has attempts 30 levels for multiple times, i bet it will break down finally. It developed a reversed cup handle pattern on weekly chart. I took put on 11/25 around 30. However, powell speech is bullish then the price pops up to 32.75. Not a good sign

ericflushboys

See the weekly chart, developed a huge bearish triangle pattern, attempted key support level 16 multiple times. If recession is coming and interest rate remined high, ppl will not rent cars for vacation. Plus HTZ fundamental is weak

ericflushboys Updated 

the crude oil droped from 130 to 80. energy sector has cycle, it cant stay on the top for a long time. I bought puts on 11/28, it is developing a possible head shoulder pattern on daily chart. My first target is 85.

ericflushboys Updated 

WMT consumer staple sector leader, it is relate strong compare with market, about to make all time high. It break the resistance 150 then small pullback happend on 11/30 with a volume spike, however, 12/01 green bar covered all lost land. I bought 12/16 155C on 12/02 even the payroll nubmer released and made spy gap down after open.