norok

norok Wizard

Papa Elon was not able to launch BITFINEX:BTCUSD to Mars with his tweet. The spike nature of the daily bar of that event, with it closing back below support with a long wick, is NOT a bullish sign. The pump was simply not sustained. The most likely case is a return to test the supports of 29800 in the near term.

11:04

norok Wizard

This is a high level breakdown of a complex options strategy featured on financial television this last Wednesday. When I first saw the strategy I was intrigued and decided to put it through analysis tools to understand it for myself. I wanted to share this so that others can learn.

04:16

norok Wizard

The January Barometer is a statistical phenomenon that looks back at the last 50+ years of the SPY's history and states that (as of last year): A POSITIVE close in January has a 83% chance of a positive year A NEGATIVE close in January has only a 65% chance of a positive year (we just had this happen) A POSITIVE close in January has a 70% chance of a...

norok Wizard

Picked up with a Limit around 1pm on CE off the post-earnings spike this morning.

norok Wizard Updated 

I like the price action spike on the open in BRO at these Daily support levels

norok Wizard

I really want to build up my long term $BECKY portfolio and a key component is NASDAQ:ETSY . Girls love Etsy.

norok Wizard

I like the May21 87.5 Calls on this post-earnings dip to the 50% retracement

norok Wizard Updated 

Yesterday BITFINEX:ETHBTC spiked out on the swing timeframes. So far it has held the key level of 0.04 but this could have been the key point of inflection.

05:46

norok Wizard

My goal in my video ideas is to help traders become more successful and one of the primary ways to be successful is to NOT LOSE MONEY. One key way to avoid losing money is to avoid earnings risk in otherwise great trading setups.

03:02

norok Wizard Updated 

No price targets. No sick gainz. Just thoughts about what this could mean to the financial markets and social media.

norok Wizard

NYSE:BA has pulled back to the 50% retracement of its most recent move which is also the Ichimoku cloud. Took Vertical Call options through April 215/225

05:12

norok Wizard Updated 

See my video from last week, linked below; Short Squeezes: Finding more like GME I am truly amazed at what the folks over there are doing to NYSE:GME , NYSE:AMC , and NASDAQ:BBBY . Is it market manipulation? Yes. Is it illegal? No. It is definitely a force that all traders right now MUST acknowledge. This meme culture of investing is what is in play...

norok Wizard

Kicking myself a bit for not picking up NYSE:AMC on Friday following my own potential short squeeze research. AMC along with many others definitely showed up in the stocks with the highest float short. But... "a stock is never too high to buy". If you zoom out the chart it's clear that AMC is just now starting its proper Daily Ichimoku breakout. There are...

06:06

norok Wizard

I wanted to share my fundamental take on a consequence of "mass adoption" among institutions. Bitcoin is being bought on debt financed by a low interest rate world. Trading cryptocurrency no longer means that traders and investors are immune from the wider economy. Unfortunately I think that cryptocurrencies may become influenced by interest rates...

norok Wizard Updated 

As talked about in my recent video linked below

norok Wizard Updated 

As talked about in my recent video linked below

norok Wizard Updated 

The volatile spike on earnings at a key retracement level on NYSE:SLB triggered a long setup to retest the high.

norok Wizard Updated 

Today has been quite the interesting day with all of the Short Squeeze hypes playing out. The price action on the NASDAQ:QQQ did an attempt to break the ATH but at the moment seems to have been rejected on a volatile spike bar. It is worth taking a trade to play this short.