xode

xode

It's been a while since I've shared an idea, but here I am bored on a Friday, a day I seldom trade, and thought I'd share an analysis for a TSLA pullback. TSLA has been one of the hottest stocks but it's my analysis that it's overbought. While it's Bullish overall, in my view it needs to cool off before further upside. This is strictly an idea, no guarantee that...

xode

Using RSI, OBV (not shown) and other technical analysis, MPC looks like it needs to cool down and "could" be a nice short term trade.

xode

This is a bet I'd be willing to take. It could very well come down a tad before it's next move up, but if holds in my view is a good bet to fill that gap. The market is performing well today with SPY & QQQ reaching new highs. GOOG didn't rip, but I think it just wasn't ready, and could be a strong move as soon as it is. For full disclosure, this is is not a trade...

xode

DIS seems like it's ready to breakout of its range. The volume is picking up, contractions are getting tighter, there's a cup & handle pattern, vwap is suggesting that buyers are supporting the stock price, and the higher timeframes align. Disclaimer: This is strictly an idea of what "could" happen and is in no way a recommendation. Please remember to always do...

xode

This idea is for a short options swing trade: * All of energy did well today, not just XOM * XLE up around 1.02% at present time * Unusual high volume in the premarket this morning * This got me to thinking it's being accumulated * Nothing much happened during the day, but for the power hour there are some nice confluences * Channel Break, though I would like to...

xode

I feel this is a good play because I believe the market ( AMEX:SPY & SP:SPX ) to be in a correction phase of up to around 10% from its most recent weekly peak. I like the idea of AMEX:SPXS bear shares, not only because it behaves the opposite of SP:SPX , but because it's triple leveraged and you can buy for cheap! From a technical viewpoint I see the...

xode

AMZN has a nice looking setup. I like the way the stock is up-trending and the moving averages are supporting it. I am looking for a bounce off the Daily 10 EMA for entry. The only con if there is one is that I generally don't like trading during these hours when the algos are taking over and would much prefer to trade closer to 2. The market is flowing today so...

xode

The Daily chart on the right is in a downtrend and SPY is losing the 50 SMA on the middle 1H chart, but the candle that is not fully formed. It's trading below VWAP on the lower timeframe (right chart). If it can break the blue floor on the middle 1H chart, and stay below the 8-ema on the left chart, it's looking extremely bearish and should confirm what I'm...

xode

The entire market is looking bearish, at least for the time being, but the reason I chose NFLX is because not only did it lose the Daily 50 SMA, but also because of the massive Head & Shoulders pattern that has been forming since June, with support at the neckline around 412'ish to 415'ish. If it breaks below the neckline, lookout below. It would be looking...

xode

The major trend is downtrending AAPL revisited the 100 Day MA for the third time on the 1H chart The more time it revisits, the greater the chance it has to break thru AAPL lost the 100 Day MA on the 1H chart Paying attention to the 1H candle isn't finished and still has 25m to change it's formation. There is always the potential of a trap. A lower shadow...

xode

Market is red today CPI Report coming this Thursday It is of my opinion price will trade within a range until we have more info on Thursday I have SPY marked at around 445 for support which prices are almost at AAPL has been in a downtrend since it's Earnings Report I believe this is a normal pullback and that it's oversold, at least until we find out...

xode

NOW had earnings the other day beating both revenue and earnings, however fell due to some fundamentals. From a technical standpoint, VWAP suggests buyers are supporting the stock at the low price near the floor. Price looks as if it's ready to break thru the ceiling and recover some of it's lost ground from yesterday. VWAP suggests buyers are supporting it at...

xode

AMD is trading strong above key moving averages. It came down a bit for a breather and I feel its ready for another move up. This is not an entry for me quite yet. Simply sharing this to be prepared. Price is approaching the vwap. If it gets above and holds there is buyer support and I would consider a long position.

xode

Price is below the VWAP and crossing below the pre-market low. The 30m chart is hooking down, and price is a 1/4-point below the opening signal. The moving averages suggest price is bearish on the shorter timeframes of 5m, 15m, and 1H charts while about to cross below the 8-ema average on the Daily chart. If it breaks below the Low of the Day at 183.56 making a...

xode

- Market opened up with not major catalyst news - The authenticity is questionable - At 400 a psychological price level where price was also rejected - Gap caused a candle pattern to form Abandoned Baby Top - Price falling beneath vwap - Price crossing below the 8 ema, 5m chart - Price crossing below the opening price signal - Heavy wicks at top suggests selling...

xode

Price is rejecting off the upper trendline, as well as the 200 MA. My market views remain Bearish despite the market opening up. A Head & shoulders pattern is forming on the 5m, and indicators on 15m support my theory.

xode

Analyzed using VCP pattern. The market sentiment is bearish with and currently is in a downtrend. The indicators support this evidence. The increasing volume suggests that sellers are in the market. Support is anticipated around 130'ish. I'm looking to see how price will behave around this area. Alternatively, if the trade moves against me I will be looking to...

xode

The title says it all. We're in a bearish market with bearish sentiment. Price needs to break the floor at 108.90''ish with momentum. The contractions are getting smaller. I sense that there will be a big move like a beach ball being held under the water, once released the move will should be explosive "imo".