ronposit

ronposit Updated 

My indicator clearly shows a buy signal, I was buying NQs and TQQQ 500 points ago when many were screaming "sell"

ronposit

My proprietary indicator is flashing BUY signal for NQ & NVDA . Bull move started this morning, many just don't see it yet. I think +$143 on NVDA is not unreasonable to expect and a huge move +1000 points on NQ is not unreasonable. We shall see! Lets end this year with a big bang!

ronposit

I wrote earlier that I was going to take a loss on my BABA jan Calls. Just as I was going to trade out of it, I took another look - here's my conclusion. Hard stop at 80.19 not a penny less otherwise I am keeping my position - STILL BULLISH!

ronposit

TQQ is ready for serious pullback, I sold (we reached the target I published weeks ago) It is a solid, solid buy at 34.60 range I will load up heavy for a monster move up....will follow up as things develop. My only bad call so far was BABA, I think it has to do more with politics than reality of the hugely important company... so screw it.. i minor loss is nothing...

ronposit

This pullback was not expected, yet market structure has plenty of room for htis bullshit. Market will turn around and go up. I bought shitload of call options expiring this Friday, they are dirt cheap! Less aggressive would buy next week call options. Call me carzy - we are going UP. All the "labels" talking heads assigning to this market move is total and...

ronposit

Nothing changed since my last post, target is the same, and most likely much higher. Saesonal bull rally is in full swing! Once we will reach the target, I will re-evaluate and see what's next. So far looking at at least 10% gain in a very short time!

ronposit

Not much to say, my chart reasing tells me, we are going up for now, what happens later, we shall see. I am using hourly chart as my gage for now. If higher time frames kick in, great we might go higher... This by the way has nothing to do with craziness of world affairs - pure market mechanics .

ronposit

As of last week I had 2 positions in BABA, short term I owned shares, long term I bought January Calls... On the list rip up I closed my short term positions with a tiny loss, you can call it break even. But on my calls I am still bullish. I have better stocks to day trade short term without overnight risk of wars, politics and other bullshit. I am trading...

ronposit Updated 

If we bounce from the most recent low of this morning, we may still be OK, if not, I am out of this sucker! RIght now Im still ahead on this stock, since I started covereing, as I was buying low and selling high, so if I have to say good bye, so be it!

ronposit

Target is the same, can get there in a day, could be 2-3 but the bottom line is all the same. Lets hope we get to a higher high sooner than later.

ronposit

I literally pulled the number out of my ass, but it does seem to be realistic $86.48 I am re-buying if it hits me, if it does not , I will buy at market, Target $92ish for now, but my larger time frame charts flashing a potential for even bigger move all the way into $120s range.... $92 can happen in a day or two, $120 will not happen this fast. Timing is...

ronposit

BABA is moving as expected. followed by a pullback after a nice rip last night, this is expected. ANyone who thinks markets move in straight line are delusional. For now target is unchanged, we may extend target Mon/Tue - market might generate additional signals on larger time frames. I took profit at morning high, expecting a pull back, will definitely rebuy...

ronposit Updated 

In sophisticated terms it is called Market Mechanics. Just as everything was looking good for UP move (yesterday), market makers threw in another low, and took alot of tight stops out. And now/ Ripping up..... Story fo the market. I am still bullish and see the pattern that warrants my opinion. Patience! I will add to my position when situation warrants,...

ronposit

As of this writing, patter is still in tact, I will wait for the break of the upper band of this channel and will add more to my bullish position. This isn't an advice, just sharing my strategy. For now $89-90is my short term target, after we will see. Every avalanche starts with a snowflake, so this could be the reversal which might take us no $120s who knows.

ronposit

My short term chart shows BUY, first target is 89.50 to 90.00 May not be a big deal, but could be a beginning of a next rally. US stocks are tanking, but China isn't soleley dependent on US markets! I don't relly care for fundamentals, I read charts, for now it's a buy. Frankly I am seirously surprised stock fell so low, but market mechanics is something we...

ronposit

FYI, I do not use any indicators!!! I use single moving average and I emply my understanding of market context. There are well over 100,000 indicators here on Tradingview. In my opinion none of them work with consistency or at all. Thinking that some kind of indicator will do the job is inheritantly wrong! Fi this were the case 96% of traders would not be...

ronposit

Who ever followed me - I walsked you from $172 all the way to $190 and back down to $192. This was a huge trade which took over a month... but I doubt anyone can complain about making $40 on $172 stock in about 40 days. Anyone interested in learning how I do this, reach ou! My next stock in play is BABA.

ronposit

There are 2 reasons, in my opinion why we are seeing this pullback - both purely technical, have nothing to do with fundamentals!! 1. Typical pullback before final drop. 2. Market fell hard, lots of shorts, thinking they can pick up easy money upon options expiration - not that easy. I covered my shorts yesterday, loosers, will have issues with their short...