Journal 8.30.24 - $KO - 200% Profit & $WMT 37% Profit in One DayThis is just a quick journal entry talking about the red, green, green setup. You want the weekly to for sure be "in force" and on the day have a red (pullback candle-high < high of candle before it), green candle, then next daily candle green. This is a nice day trade combo.
Strat
4/18 Watchlist + Notes SPY - I think today was like a 50% win 50% loss from our prediction yesterday. I wanted to head lower than Friday, which we did not get, and we closed green, but my prediction also said that I saw today being a pullback day or consolidation day, which it was. Tomorrow I am thinking we head higher and that is purely due to the fact that we had such a strong close. Textbook bullish candle. With today being an inside day, anything can happen, but we are definitely leaning bullish. If we break today's high then we target 415.13 and 417 if buying strength is there
Watchlist:
All inside setups on the scanner on my chart per usual
Challenge account watchlist: (Current account value is $50.00. No trades today on it)
AA - 3-1 Daily
ARKK - 3-1-1-2 Daily - 50% rule/Potential Compound 3 Bar
U - 2-1 Daily
Main Watch:
ARKK: Looking for a break of 39.08 to target 39.84. With this reversal pattern, it is important to note that today price passed the 50% retracement of yesterday's range after breaking the low. This is what starts the creation of compound engulfing candles. Reversals with this setup usually bank hard. If my bullish bias on SPY plays out well I can easily see this one being a solid play
Previous Main Watch:
TSLA - Played out solid for anyone who scalped at open
RBLX - dropped 12.5% premarket off of news. Completely invalidated. What a shame.
Watchlist Stats
1/1 on Spy Predictions
1/2 Main Watch Plays
Personal Stats:
1/1 on the week
Overall Green
- scalped puts today on SPY for a nice 30% win
STRAXUSDJust having a look at Strax, Strat, Stratis and the chart is looking pretty nice. Most of my "3 Reasons For a Trade" are here
We have Location: Price right at the bottom of original support
Indicator confirmation: So we have OBV which is pretty bullish and in the positive numbers, people are accumulating. Seeing HL in the histogram and bullish divs working. RSI is kind of no where but when you look at the history of the RSI on Strax you can see its actually never gone into over sold. Its still creating HL while price is making LL. Willy is stupidly over sold and thats exactly where i want it when im looking to take nibbles. Price is trading at the POC and all I need now is a W in price.
Long story short, to me this is nibble worthy and I will be risking to the lows.
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!FIX THE WIX 🖤Hello everyone,🙋🏾
Here again, Romluck with a new trading idea,💡
Wix .com Ltd develops and markets a cloud-based platform that enables anyone to create a website or web application worldwide.
After an 85% drop from a bearish trend, we switched to a bullish trend.
And right now we are facing resistance in the $90 area, the same area after the covid declines are over.
There is a possibility of about a 28% increase up to the resistance which is at $89😏
If we return to a bear market there are support areas in the $50 and $38 areas.☹️
The trading ideas I find are after searching and investing time.
Thanks for the like and comment.⭐️
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There is no recommendation for buying or selling or any action in the stock, I am not an investment advisor and publish this article as a hobby only.
Everyone has to perform risk management on their own or contact an investment advisor with a license, I don't have one.
Investing in the stock market involves risking your money!⛔️
have fun💃🏿
$NVDA symphaty play from AMD?$NVDA almost took back its gains from the previous rally as the market switched its momentum to the sell side. the cause of the selloff was due to the bad earnings of two retail giants. ( $TGT and WMT ) as the heavy earnings pass through this week. market sympathy will be focused on two retailers like Applied Material and KOHLS. any missed earnings from these two companies could send out a bad sentiments on retail stocks. as for the technical aspect of NVDA, the stock just crossed the squeeze and the momentum is going on the down side and will continue to follow the market sentiment. this also applies on other chip stocks.
for my #strat strategy
For calls buy above 172.41 and sell at 181.12
For puts, buy below 166.83 and sell at 165.44 or below
Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
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24 minutes ago
Comment: This TA almost exactly what happened this morning. i didn't reach the buy target for puts but it does trap the bulls who swing their position yesterday.
AMD leading investors into a trap?$AMD continues to rally on the second day of this week in the middle of Fed meetings. AMD has been a hot stock to play in the semi-conductors sector after its stellar earrings a few weeks back. Volume increased also for this first quarter of this year compared to last year. seems like everyone wants to get piece of AMD before its start to rally again back to 160. i think AMD with their back-to back-to back performance and beating the ER expectations this stocks is ready to rally to its all-time high. But with the current market, where recession is just around the corner due to inflation. Along with geopolitical problems, supply chain issues and shortages of labor, are making the market unstable, along with tech stocks and other commodities.
Here's my #STRAT strategy for AMD.
if you swing AMD from today, your next target for profit exit is 109.74 ( labeled with blue line)
if AMD breaks below 94.80, this will be your entry for puts and exit for profits at 90.48.
Hello everyone,
Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
If you enjoyed this analysis, I would appreciate it if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tuned for more.
My technical analysis is not to be regarded as investment advice. but for general informational purposes only.
SPY is still an inside month, with a bearish tone.SPY is still an inside month, with a bearish candle. More down side is likely.
Using Strat Radar, we get an X-Ray view of what algos are doing with price action on different time frames.
On the weekly chart, price retraced to a previous bearish order block, then presented a 2 up + 2 down reversal opportunity, it played out nicely.
On Thursday, SPY daily chart has a 3-1-3 reversal pattern. One could use 15m/30m or 1h TF to find an entry for a short. Strat Radar clearly shows that FTFC - Full Time Frame Continuity - is to the down side.
It's important to remember that we don't know what the market will do next. However at key levels if we think there is a high probability that something may happen, we wait and let price action confirm our thesis. Of course we can still be wrong, that's why risk management is paramount.
Price action tells the truth.
$PG in the up side?$PG just close above the ema lines last friday showing some possible momentum move.
recently PG got downgraded to neutral by two agencies due to inflation. but the downgrade
is not bad. average move per of PG is about 1.50-2.00+
Day trade or scalp target play: 04/04 /22
Buy call above 155.49 sell at 156.35 or above.
Buy puts below 154.32 sell at 153.56 or below.
option open interest expiration date: 4/14/22 or 5/20/22 expiration.
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tune for more.
My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
$SPY going for correction?$SPY has been trending down for the few weeks now and it gets worst as the geopolitical affects the market.
as you can see, SPY is bout to approach its support level and where it bounce recently after hitting the support level.
but this time is a bit different from previous bounce since market is highly affected with the shortage in commodities specially
with chip makers and other important commodities. on the side note, energy stocks is rising like natural gas, oil, electricity etc.
maybe we're already in the bear market but people still haven't realized it.
also market could bounce if the geopolitical problems stops and can cause a short term bullish run before it pulls back again.
note: techs stocks still looking bearish since it correlates with $SPY most of the tech stocks has simillar patterns like SPY.
just view them in the higher time frame like 1hr, 4hr and daily.
Day trade or scalp target play: 03/ 09 /22
Buy call above 419.23 sell at 423.29
Buy puts below 412.84 sell at 408.44
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tune for more.
My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
$MCD to 236 by end of quarter or all time highs$MCD - it took out the quarterly top, is now below 50% on the quarterly, and will likely make an outside bar candle (3) to take it to 236 by the end of the quarter. SHEEESSHHHH. This could also go the other way and look to make new highs again.
Quarterly (White Fib & Red 50%): Currently a 2-2 with the high taken out, possible 3 down candle this quarterly as price has now passed 50% at 252.93.
Monthly (Blue Fib): 2-1D Monthly 50% trigger
Weekly (Yellow Fib): 2-2D Weekly Bearish Continuation if it breaks 250 to the downside. Also has the potential for a Bullish Randy Jackson if price breaks above 256.92 which also happens to be the weekly rejection to the downside.
Daily (Grey): 2-1D Bearish Continuation or 2-1U Daily Reversal.
Volume Sentiment: The downtrending candles show more volume of sellers when compared to buyers on the uptrend. I would expect this trend to continue if we are expecting to see 236 by the end of the quarter. Should this ticker decide to get bullish, I will be watching for price to move to the upside increased volume of buyers for confirmation.
Bullish Targets: Look for a break above 252.29 on the daily with volume and take it up to 254.6. Should things continue with volume and if the area turns into support then you can take it up to 262 for the Bullish Randy Jackson for the week.
Bearish Targets: Look for a break below 250 on the daily with volume. Take it to 245.25 and 243.95. If we retest 250 and aren't able to break above that then you can continue to take it down to 236.16 for the rest of the quarter.
Overall I look for MCD to keep it hot with many options from the dollar menu bearish continuation to the big mac daddy bullish Randy Jackson (with volume) should things reverse from here.
$FB continue down trend$FB continues to down trend after the disappointing earning, backlash from the whistle blower, and continued pressure by the congress about the privacy.
with the overall market continue to trends down, there's highly likely that $FB will get dragged by it. i think in my personal opinion FB will be a dip buying
opportunity for long term. I think the metaverse will save Facebook 5-10 years from now when it fully lunched. but that future is still a bit far for now.
specially with US economy facing inflation or already are, plus the possible war with two countries Ukraine and Russia where US trying to get involve.
things might get complicated from here.
Day trade or scalp target play: 02/22/22
Buy call above 209.05 sell at 211.05 or 212.95
Buy puts below 203.98 sell at 201.98
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button, share and maybe consider following my channel.
Thank you for stopping by and stay tune for more.
My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
$NVDA ride the wave after earnings. $NVDA could make a possible bullish reversal here after a good earning results. although NVDA made a record breaking profits it doesn't mean it would be bullish tomorrow.
overall market still looking very choppy and bearish. wait about an hour to find your entry if you want to get in cheaper prices for options.
Day trade or scalp target play: 02/17/22
Buy call above 268.00 sell at 272.00
Buy puts below 255.00 sell at 249.00
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tune for more.
My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
A possible scenario for Apple using "TheStrat" methodFrom the Strat Radar, we can observe the following:
Monthly 2u-2u-3 with a down candle
Weekly 2d-2d-2d, down trend
Daily 2u-1-2u.
So a likely scenario is: market run out buy side liquidity above weekly high two weeks ago, then meet overhead supply and reverse, joining YQM bearish continuity.
This is not investment advice, just pure chart study.
Enbridge $57 TargetOne of the largest dividend payer on the TSX set to increase that dividend by the end of year/early 2022
They move 25% of nat gas in canada and us on top of solid portfolio of renewable assets
Doesn't get more blue chip stock than this.
I like to focus my portfolio on companies that are leaders in whatever field they operate in and have shown clear outperformance against peers and Enbridge fits that bill
January calls with a 57/58 strike is how I am playing it.
SP500 Major timeframes Volatility ahead We are currently only - 4% from ath of 4545
Looking at the quarterly time frame at the top right corner we can see a clear shooting star formed
On the monthly (bottom left) we are already 2 to the downside after a 3 candle which is something important to pay attention to. Look at previous 3 (outside candle) on the monthly and you will see they usually signal a reversal.
If we look at the weekly, we are right back at the 20 week ma which so far as proven to be a perfect place to buy the dip.
I would personally exercise caution over the month of October with a lot of headline risks ahead and further reality of tapering settling in I believe it's prudent to manage exposure on the safer side.
This being said as a trader a more volatile market is definitely up to our benefit over a market with vix at 12
Personally I am seeing a quarterly candle that will inevitably go 2 to the downside at 4233 which would be -6% from ath and likely trigger some further selling after that. This feels more like the pullback we had last year from august to late october. we made ath on aug 20 at 3588 and pulled back -10% to 3209. On Nov 9th we were making new aths and never looked back.
Pay attention the sectors to look at the rotation. Focus on the best companies
Over the last month
- Small caps +3%
- High Div +1.5%
- Value +1.5%
- Growth -1.25%
STRAXSTRAX on a clear breakout! look for these two price targets definitely gonna hit these. This is STRAT or stratis. They just changed their coins name today to STRAX. Still same coin and company though I do belive? Anyways. Broke the trend line I had drawn and closed above on the 15 and 30 min chart so be looking for it to head to 8$ within the day.