jeromepower

jeromepower

Most people don't know how to evaluate a company. They take one good look at Tesla and think because the PE ratio is high that Tesla should be given the corporate pariah status. Tesla is much more than just a car company, it's an energy company and a software company. I also keep hearing people say that Tesla's competition is coming. They use GM, Ford, Hummer and...

jeromepower

If two variables seem to have a symmetry about the X-axis, chances are they are negatively correlated.

jeromepower

Regardless of how the earnings are I think this will tank.

jeromepower

Good afternoon. Perfect regular flat Elliott correction wave. I got in a little too early but I managed to recover. I expect more upside as we approach earnings. Long call SNAP 05/21/21 70 C. If you like what you see why not support us? 👇

jeromepower

I would say SKLZ is a risky stock but if your'e investing long term this shouldn't matter. They need to increase their revenue from more mobile games. They don't have a great market share. Nearly 80% of their revenue is derived solely from a few games. They have a good business model but they need to expand before I would personally invest. They're not currently...

jeromepower

Good morning! Rumour has it that the tax credit will increase from $7,500 to $10,000 for Tesla purchases. This could ramp up consumer demand for EVs. Biden recently laid out plans of an infrastructure expenditure to the tune of $200 Billion. This is the biggest endorsement of the EV industry made by a President. This is nothing but good News for Tesla. Ready...

jeromepower

I'm waiting for the fractal completion on the lower time frame (yellow arrow). Only then will I engage with call options for three month expiries.

jeromepower

This pattern is a running flat Elliott correction wave. We don't use any indicators in our trading group. We use a combination of economics, Elliott wave, inter market, finance and fractals to comprehend market trends. We like to see markets patterns as impulse and corrections over and over again. Technical analysis need not be complicated but functional. Just...

jeromepower

Theres could some potential for CGX here. Seems to be matching the patterns for XLC and AMC. They're all running flat Elliott correction waves. Could also be a seasonality effect summer is approaching more people want to go out, movie theatres are slightly increasing capacity.

jeromepower

FCX is on the a bullish run; however, I think the fuel will run out on earnings. The reason I'm slightly bearish on FCX is because XLB needs a drop to complete what seems to be the formation of a running flat Elliott correction wave. I cant time it perfectly but I expect a drop in XLB a few days before the earnings annoucnement of FCX. If you like what you see...

jeromepower

Good afternoon fellow financial astronauts! Most of of you have been asking me to place more labels on my charts. The ABC segments represent Elliott correction waves. ABC patterns are primarily what we trade. Our maxim is founded on the idea that markets move in impulse correction impulse waves. If you like what you see why not support us? 👇

jeromepower

DKNG has formed another Elliott correction wave abc. Whats more, XLY is still looking bullish which means we can expect DKNG to go up higher. Got my eye on 21st May $65.00 Call.

jeromepower

Here's another bullish health care play. It breached through the trend line meaning it's now set to follow XLV. This pattern is called a running flat Elliott correction wave.

jeromepower

I'm expecting a retest of $134. The healthcare sector XLV is looking bullish, DGX should follow suit until the retest of 134. I will wait for a bear flag to buy to open puts.

jeromepower

Inter-market analysis is the forefront of this questions. If you notice a fractal on a lower time frame of a stock seek corroboration with its respective sector. If you notice the sector going up most likely the stock will follow. The fractals help me identify entry points.

jeromepower

Spotted a fractal on ABT corroborated with the respective sector (XLV). This is perfect for an earnings play. The pattern recognized is a running flat Elliott Correction waves. The formula: impulse, correction and impulse.

jeromepower

Another pair of crypto assets that are highly correlated. I highly encourage everyone to chart using more than one asset. I use a minimum of two charts when making forecasts. Crypto markets are correlated with other assets such as the stock market (SPX500). Charting all of them in aggregate gives me insight to where the overall trend is heading.

jeromepower

Good afternoon! I love these two stocks, they are so highly correlated. Their high correlation makes life easier when I'm charting. I love buying calls on SQ because when I discover a pattern I usually seek corroboration with another chart (paypal in this case). Some like to use indicators I like to use a variety of charts, its the best way to assess a trend in my...