jakelikesstocks

jakelikesstocks Jan 19, 2022

Many times this indicator has signaled exceptional buying opportunities. However, a cross below can bring much pain to those unaware. Is the market ready to finally roll over or are we going to see the FED back off? In my opinion, the latter is extremely unlikely. AMEX:SPY

jakelikesstocks Dec 28, 2021

UPST lo Looks like it could be a big mover.. We will see. It's always great to have ones like these to have fun with! Check out historically the performance of the stock price when certain conditions are met. Right now we are seeing a bullish trend and possibly break out of a brutal downtrend.

jakelikesstocks Nov 26, 2021

We are seeing a new variant concerning many scientists emerging in South Africa. My opinion is leaning towards that this could be something much bigger than what the market may initially shrug off. I expect a very red day tomorrow as the implications for this are massive with the supply chain crisis and the labor shortage. Be safe!

jakelikesstocks Nov 4, 2021

NYSE:AER Academy Sports and Outdoors has a really bullish chart and overall has gained massively. Not sure what's going with the fundamentals but the chart looks really crazy.

jakelikesstocks Nov 3, 2021

NASDAQ:OSTK This stock came up on my option scanner and I have to say that I totally agree. This thing could just be getting started. I looked back to see how price reacted at this level when the above indicator was this far extended. We got some pretty nice gains, most notably the first. PT $125?

jakelikesstocks Oct 28, 2021

AMEX:SPY , CME_MINI:ES1! I was surprised to see in the indicators lining up in this way. If you look at the previous times I've marked on the chart, we saw some pain following a 0 cross of the top indicator in addition to the action in the lower indicator. I think people may feel caught off guard leading to some volatility but if this is the case, I would be...

jakelikesstocks Oct 26, 2021

NYSE:AQUA This stock came up on our screener and looks like it could be coming up on a longer-term resistance level. Water could become more difficult to access as supply chain shortages are affected, rising the price of even every day essentials including clean water. I'll keep an eye on this stock, the indicators are all very bullish and looks like a...

jakelikesstocks Oct 26, 2021

The behemoth that is NASDAQ:AAPL is going to report earnings October 28th. Typically, most stocks experience a "pre-earnings run-up" with most of the gains in the options contracts being made before the earnings announcement. That is particularly true with tech companies. With that in mind, the resistance level is going to come in around 153. That will be the...

jakelikesstocks Updated  Oct 20, 2021

Here's a quick view of the TVC:DXY Double bottom and breaking out of a wedge pattern being supported by the lower indicator shows the trend could continue for a while.

jakelikesstocks Oct 20, 2021

AMEX:SPY Sorry for the delayed update. SPY has been extremely bullish since my last post where we were bought up at a critical technical level of confluence. With the amount of strength that came in at that zone, it signals to me that it's not the broader market controlling these moves. As long as the the technicals are in tact, that's what matters. For now the...

jakelikesstocks Updated  Oct 12, 2021

AMEX:SPY All of our indicators are showing longer term bearishness and not by just a little bit... I'm thinking more pain to come. Hold on to your seats.

jakelikesstocks Updated  Oct 8, 2021

Even with everyone following tik tok and social influencer trade ideas, there are still market technicals that will prove superior. Make sure you guys have this chart in mind when taking longs at all time highs. Profit taking can quickly turn into a more dramatic drop as demonstrated by this chart. NASDAQ:QQQ

jakelikesstocks Updated  Oct 8, 2021

AMEX:XLE Scanning through the sectors I noticed something quite clear, an inverted head and shoulders with a possible retest playing out. This is supported by the laguerre rsi below. I'm expecting prices for XLE to go higher and potentially confirm a megaphone pattern.

jakelikesstocks Oct 7, 2021

AMEX:SPY The top Indicator is showing bulls taking control and that matches up nicely with out trendlines. We completely avoided a heavy resistance area by gapping clean above it. The lower indicator is not yet as strong as I'd like it to be but the move is supported by other features displayed on the chart.

jakelikesstocks Oct 6, 2021

I follow the AMEX:SPY closely but after pulling up the chart for the Q's it looks like we may be seeing an even more critical level to hold... What are your thoughts?

jakelikesstocks Oct 6, 2021

AMEX:SPY An update on the SPY Chart shows continuing bearishness. We are not getting back to the 0 line on our upper indicator and falling further below our current level on that indicator would be a very bad sign for the market. Inflation doesn't seem like it's going away and crypto may be showing itself as an inflation hedge.

jakelikesstocks Sep 28, 2021

AMEX:SPY For those that are following this chart... You would have been well aware of the weakness the market was showing overall. After a bounce higher, we were never recovering on our Laguerre RSI. The explosive move to the downside today was flagged by the weakness in that indicator. I would totally have posted yesterday but It was my girlfriends birthday...

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jakelikesstocks Sep 21, 2021

NASDAQ:EMB As a way to get exposure to the China housing debacle.... I go over my chart on a new position I opened that has relatively low volatility considering the weight of exposure it may have to the chinese housing collapse.