jakelikesstocks

jakelikesstocks

NYSE:SNAP Can a great earnings report get through these levels of resistance?

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NASDAQ:NVAX We got our pop higher on NVAX but we hit right into resistance. We still have bullish momentum trying to get through this level but if that weakens this could be another trap. This stock has the tendency to be extremely volatile so take your gains when you got them and don't stay in based off hopes and dreams.

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AMEX:SPY S&P futures are rebounding very strong after a huge sell off to start the week. This has likely caught a lot of people off guard but really shouldn't have with the liquidity flowing into the markets. We will be watching closely at the next FED meeting to see where we as we discuss further tapering.

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NASDAQ:APRE Very unusual options activity came in on this one at 4.79 with the assumption the stock would continue higher by August 8th. Currently the option play is down but that doesn't mean we haven't found support here and may bounce higher catching some off guard. If not the support level is clearly defined.

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NYSE:AON AON has been in a clear down trend here but a bullish trade came in looking for the stock to rebound higher. Here are important levels if you are long on AON!

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NASDAQ:AAPL As usual a large bullish options trade came in for aapl so I thought I would update the chart. The trade assumes it's going run higher but that by no means is for certain. We have some bullish context here showing from the lagRSI and coming up on resistance here so it may be enough power to get through and test higher levels. Options are extremely...

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NYSE:AMC Quick update for AMC stock as a resistance seems to be forming lower than the upper wedge pattern people for some odd reason may have been targeting. Large options came in yesterday to try to squeeze the stock higher but doesn't seem like it's going to be able to do it.

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NYSE:AG A large option play came in yesterday where 1,500 option contrats where purchased for the price of .10. The buyer may be seeing the same kind of cupping bottom pattern after a major sell off where the stock could look to rebound higher.

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Symbol: NYSE:BP Indicators Laguerre RSI 2 x Multi-Time Frame EMA Type: Call Strike: $26.50 Comments: A bullish options trade came in for this ticker which was bought for extremely cheap. Looks like someone may be expecting oil to rally higher.

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Symbol: NYSE:AMC Indicators Laguerre RSI 2 x Multi-Time Frame EMA Comments: The price shot higher today but there is still a lot of resistance ahead. We will need institutions to contribute to get price above the upper pattern resistance.

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Symbol: NASDAQ:MSFT Indicators Laguerre RSI 2 x Multi-Time Frame EMA Comments: Microsoft is consolidating but we see buyers gaining some control. I expect a retest of the upper pattern resistance level but may not be the best time to be looking long anywhere.

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NASDAQ:NVAX For those that followed my post last week, we saw major gains in NVAX this week. This was expected as the delta variant information was being surpressed and the market had not totally digested it just yet. Now we are digesting the delta variant in a way that could be an over reaction but also may have some confluence with the fact the FED doesn't...

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NASDAQ:TLT Here is my take on a common trading strategy that uses the 50 and 200 moving averages to indicate a trend change. In my version, I use two multi time frame EMA's. One runs at an input of 26 and the other runs at 104. Typically these kind of crosses will involve a retest and sometimes may fail, but if the trend holds true in a reversal we can...

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COINBASE:BTCUSD Bitcoin has been a sell since 63,500 and hasn't looked back up since. The future may be digital but the realized and unrealized gains now. Dip buyers are struggling to keep even the bearish channel intact. Unlikely to see higher levels before we test under 30, even then... 20k is in the crosshairs.

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Symbol: BITFINEX:DOGEUSD Indicators Laguerre RSI 2 x Multi-Time Frame EMA Comments: This thing is literally going back to 3 cents. The market is not a friendly place and should be avoided unless a plan is had and you are completely fine with losing 100% of your investment especially in something like dogecoin. When you think you are right in the market you...

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Symbol: NASDAQ:NVAX Indicators Laguerre RSI D-RSI Multi-Time Frame EMA x2 Comments... Delta Variant is rising and people are starting to get concerned. People will start to look at vaccine stocks at this may be an opportunity to find some reward. Bearish side is that we are in a huge area of being rejected and the LaRSI may be indicating that could be true...

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Symbol: NASDAQ:TLT Indicators Laguerre RSI 2 x Multi-Time Frame EMA Comments: The FED has been pumping a substantial amount of liquidity in the US economy via creation of and then purchasing of bonds. The problem became more complicated as Michael Burry revealed his massive short position against the bond market. Michael Burry was not the only one shorting...

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Symbol: NYSE:JNJ Indicators Laguerre RSI 2 x Multi-Time Frame EMA Comments: Looks like an ascending wedge here which typically breaks bearish. The Pattern had been pretty strong until a major violation took place. I expect further downside pressure. We also just had mention of a new bankruptcy filing in attempt to avoid responsibility of over 30,000 cancer cases.