BULZ on the one hour chart is showing a high tight bull flag which typically heralds a bullish continuation. The tight consolidation channel formed today at the POC line of the volume profile. The zero-lag MACD shows the lines under the histogram and about to cross. The histogram itself has dropped to a zero amplitude. The trigger for the bullish...
Ugly in the extreme. EPS missed the mark and the punishment is extraordinary after the Q4 Short Squeeze - we're seeing price well below 3400... used to SELL SELL SELL. Ouch, effing ouch. Depression, yes, Rexcession entry? crazy talk by design. It's a Depression and has been for some time. Consumption, Savings Real Incomes... yeah screwed...
iMob losing its collective hive mind at present... No iCar, Factories in China and India Shut-In. Share Buybacks authorized to $90 Billion, the entire Cash Flow of Apple. Oh My, - promises in the Dark. ____________________________________________ The chart looks terrible. ____________________________________________ Buffet bag holding. Bury hunting...
Facebook reports tomorrow after the Close, Options tomorrow to 300 should be observed closely. FB forceful effort to reclaim prior Highs essentially Failed on Friday. Grant it, there was a heavy Calls prem to remove from the Gamma Squeeze Herd in a number of Equities - GOOG, AMZN, and a great many others. Friday cleared the option writers Risk by running the...
The Fangs, which have led the Tech rally, narrowing breadth and creating a large chase... are in a SELL. There was a sizeable PUT purchase @ the 330 Level, an Entity has hedged their Book. Former leaders are now leading the decline. Warning signs are building...
The Potential for the FANGs to have a rather large disruption is advancing. El Cliffo awaits. AAPL is wandering in the Gamma Squeeze desert trying desperately to regain 150. We remain unfilled on our ES 4414.75s... hopefully into 10:30AMEST we receive our Fills. We pressed ES form 5 to 10, with a 30 handle target below.
Those of you who traded through bitcoin's parabolic advance (like me) are about to experience flashbacks. This is because the price action in Apple's stock chart looks very similar to the price action we saw in bitcoin throughout 2017. Here, take a look at Apple's stock and bitcoin in comparative perspective: Obviously the timing is quite different. Apple has...
The support and resistance levels coincide in an uncanny manner with the Fibonacci retracements. Once again, the price was rejected off of what looks like a mini double top and has already (almost) made it to the support level. We may see a bounce to form what appears to be a triple top or a brief overshoot as the negative divergences on the PPO and RSI get...
Last month I shared "LONG $FB - Swing trade into next months earnings!" when price was in $165 zone. I have done well since, accumulating through the month until earnings . With stellar numbers reported in Q1, I will continue adding as we still have a lot of upside left to $220+. Trade the zones and add slowly. See you all at $220+!
High Flying Momentum Stock Just Getting Started Today! $18 is the next target within a couple of days then $19.60 for a double top. Get more alerts at www.TheTechnicalTraders.com
Expect $NDX to top out this week and then drop 13.5%. Target of 6300 assumes $NDX tops out around 7250 - if it goes parabolic this week then not sure where it bottoms but will be deep and very very quick. Would not be in the market other than for quick day trades in this dangerous set up...be careful