AftabAli

AftabAli

Shorting this garbage into the election. Once this nonsense election is over, the economic reality will set in and this market will likely melt. Technicals are also favoring the downside with clear bearish divergences on the 3HR chart and stochastic at the top end of the range.

AftabAli

Negative divergence on MACD, post election volatility, productivity contracting, softer corporate forward guidance all spell trouble for this over inflated market. Take heed.

AftabAli Updated 

Very normal market behavior (sarcasm). TSLA putting in new all time highs in price while MACD and Acum/Dis oscillators diverging. Great spot to start shorting this nonsense. Minimum move down to $646 per share.

AftabAli

America has reached peak autism. Bearish RSI and MACD divergences on the 3 hr chart with price target of $122 per share. Enjoy the slide.

AftabAli

People are insane. Clear bearish RSI and MACD divergences on the daily chart. Looking for a move down to $550 by mid July.

AftabAli

Bearish divergences on MACD and RSI. Expecting a sell-off with minimum target of $165 per share.

AftabAli

Skeptical of the current rally as VIX mid-term futures suggest another leg higher to roughly $67.85. ETA of July 15th.

AftabAli Updated 

This is a gift: buy long contracts with time, and this trade should be very profitable. RSI is showing clear bullish divergences, and the day will likely end with a solid tail candle. Primary price target of 28.75.

AftabAli Updated 

Nothing clear cut I'm seeing in the charts; this is more of a gut call. I'm looking for a reversal to the 7700 level, where I expect we'll see a reaction. I'm opening short positions against the high of day today. Start the position small and average in, should the position perform positively. Cheers,

AftabAli Updated 

Accumulation looks encouraging, though the fundamentals show little improvement. This trade is more speculative than others, so size positions accordingly. Best case scenario can take this stock to roughly $240 per share.

AftabAli

Futures broke down overnight and are currently backtesting the uptrend line. This is an objective area to open short positions. Price target of 8345.

AftabAli

Aggressively selling weekly $570 calls here.

AftabAli

No, it's not COVID-19, it's the cycle. As impressive as the sell off has been thus far, this is just the tip of the iceberg. Over the next couple of months, the equity markets will likely recover some of their losses. However, keep in mind that the cycle is far from over, and investors should consider diversifying portfolios across multiple asset classes.

AftabAli

Aggressively buying BA here on margin without any stop loss orders.

AftabAli Updated 

Beautiful multi-week long set up. Looking for a strong reversal to 10948. ETF traders can use INDA as a proxy.

AftabAli

Cash Vix near 2008 levels with bearish divergences on the 3 hour charts. Although VXX is the futures S&P vol ETN, it should replicate the premium compression which we're looking to capture.

AftabAli

My thoughts on where the S&P 500 index will travel over the next several weeks.

AftabAli

Gap from July 2017 back filled today. Targeting retracement to price target of roughly $285 per share. Place stop loss at roughly $190 per share.