$NIO | Trade IdeaToday, NIO presented a nice dip buy opportunity dropping into the golden pocket with a solid reaction bounce. Corrective wave 2 may be in. Looking for wave 3 target of $51-52 above by end of September.
Calls
$AAPL | Trade IdeaAAPL looks amazing for swing trade. Will be looking for a pullback corrective wave 2 to enter my position before waves 3,4 and 5 to conclude my EWT count.
MARKET ALPHA WATCHLIST - SGMSNASDAQ:SGMS
This stock looks like it's going to test the upper levels with a possible cross of our multi-time frame moving averages. I also really like the way the stock has touched this cupping pattern and was bought up quickly. The Laguerre RSI is also supporting this assumption by showing legitimate strength in this move.
$MMM | Trade IdeaLoving this wave 5 setup as long as the $191.5 low holds. Looking for a final impulse up to fill the Daily gap. Ultimately looking for $220 to complete the 5 waves up. Swing contender.
Watching TESLA's Trend ChannelNASDAQ:TSLA
Here is my working hypothesis for TSLA from only what the technicals are presenting.
This stock has a very dedicated and ever-growing retail base that has more of a buy-and-hold view rather than trading typical price action. What's making the difference for me is that TESLA share holders are also buyers and believers in the company. They love their tesla products much like apple consumers love their devices and "ecosystem" which they can live in. This holds in an incredible amount of value not plotted by traditional charts or technical analysis. The class of these individuals are also considerably higher than that of traditional consumers who buy and hold stocks they know but don't have any attachment too. It will be interesting to see how this plays out but I believe that institutional investors would already be keen to this theory and already profiting from it nicely.
In the bullish scenario here, I would be targeting the upper trend channel that's newly developed from our recent breakout.
Good luck and enjoy the markets.
$TSLA | Trade IdeaPotential ABC correction to finish off a wave 4. Still expecting a final wave up to complete the move. Look for dip buys in the $683.5-700 region to go long into a final wave up. Targets if this holds are $727, $750 and $785.
$NIO | Trade Idea (Update)A very apparent wave 2 in progress, this is healthy and expected. I'm mega bullish on NIO longterm and still hold 2023 calls. Look for dip buy opportunity in the $40-42.50 region to go long into an impulsive wave 3. Shorter term upside targets, we can see $50 test.
$BA | Trade Idea (Update)Time and patience are key on this one. Boeing is a slow mover so we must trade it like that. Still holding 2022 calls on this. Might not happen this week, but watch for this weekly bull flag to break upside for bullish confirmation. Targets above are $260, $280 and $300.
$AAPL | Trade IdeaLooking for a final retracement down to complete the corrective wave 4. Dip buys in the $143-145 region targeting $150 and $155.
TSLA Looking Extremely Bullish, StillNASDAQ:TSLA
The stock looks like it's consolidating with no one willing to sell into the resistance. We could be on the up and up here targeting the upper new trend channel marked by the green trendlines. This is supported by a bullish LagRSI, if you know me you know I love the laguerre RSI.
$COIN | TRADE IDEA$COIN looks great with a trendline break to the upside as well as a bullish inverse head and shoulders pattern trying to play out. Can consider calls as long as trendline break holds. Targets are shown at $250, $257 and $261.
MARKET ALPHA MEME STOCK - AMCNYSE:AMC
Update for AMC seems to have played out nicely. We are experiencing some bullish underlying momentum and may get a pop but this could also be a large fake out with more room to the downside seeming imminent.
Look at the LagRSI to show the bullishness but in the current time frame we are still bearish.
Pfizer Getting Stronger by DayHi TV Community!
I just got settled into my new place and wanted to do a quick ta on pfizer. This stock has been experiencing large call option buying recently and the price action supports this bullish context. We are breaking above important areas with ease and my target resistance level would be the upper yellow trendline.
As we continue to see devastating coronavirus cases and mutations, this company is positioned well.
What's the Probability of SPY 500 End of Year?This is not a forecast of AMEX:SPY getting to 500... this video will instead demonstrate how we can answer this question using Options Delta to assess the probability the market expects for an event to happen. I use a backtest of NASDAQ:TSLA Weekly Options to demonstrate.
Falling Wedge- BullishBig falling wedge forming, buyers stepping in, MACD cross to close on Friday. Bullish and will be looking for a breakout- Just some support and resistance levels to keep an eye on as well as some RSI based supply and demand zones
(Broader market conditions permitting)
TSLA | It's catch up time!Many stocks have already reached and surpassed their previous ATHs (take AAPL, AMZN, NVDA for example). TSLA has some catching up to do and I believe a close over the $700 level is the first step in the right direction. My projection still stands as it has since first posting about it a few weeks ago. $1000 by end of 2021 is conservative target.
Gold is Looking Much StrongerAMEX:GLD
This looks like it could be setting up for a longer term trend. There is a lot of space ahead of us while the longer term bulls won out on the last important retest. Bearing in mind this is on a 2 day chart.
QQQ Consolidating for Big MoveNASDAQ:QQQ
Yesterday I posted about the Q's showing weakness... While that is still the case, it is gaining strength. I would be watching this new wedge to see if we get more of a confirmation.
Fed meeting did not scare tech which could allow further gains.
TSLA | It's Almost Time$TSLA showing incredible strength today so far. Smaller counts adjusted in this update post. Looking for a fresh 5 waves up from here as long as the lows hold. A break above $700 will completely confirm my ultimate bull thesis. Be ready else you're gonna miss out.
MARKET ALPHA WATCHLIST - STAANASDAQ:STAA
I wanted to bring this up as a potential long term short opportunity. This stock has been breaking down and looks like like it might be losing even more structure as a retest of the bottom trendline is currently happening.
AAPL Trying to RecoverNASDAQ:AAPL
I'm watching AAPL to give the broader stock market more direction. The double at ATH followed by a sell signal could mean more pain to come. It's always easier to find the downside risk than the upside potential when a stock is at all time highs.
MSFT TechnicalsNASDAQ:MSFT
Long tails are giving me a bit of concern but overall we are still in bullish context. If we can't hold above the trend it may see a 5 - 10 decline.
