EvanMedeiros

EvanMedeiros

$GOOG always so easy to read a chart after a move has happened. This looks great for higher, 892-900 seems like the next larger resistance level up on deck to be tagged. If we open down next week I think dips will be very buyable. Thats all i got.

EvanMedeiros

$AAPL its like apple is in a contest for the sloppiest chart in the market. and i think its winning. The overall placement and nature of this price action has it real hard to decipher whos in control here. Just when it turns uber bullish the bears manage to reverse it and when it's on the verge of collapse bulls come rushing in. Don't get me wrong I love the...

EvanMedeiros

$SPY everyone loves a nice V shaped bottom. The market staged an impressive 2 day bounce off the lows ending the week with a perfect hammer on High volume (weekly chart). If you were on the sidelines for this move and didn't catch any of it you need to be real careful jumping in here at almost 165, 5 pts off the lows. I believe if we gap up on Monday it would be...

EvanMedeiros

if market can firm watch for a quick snap out of this intraday downtrend. Am seeing some buyers down here and that doesn't mean we can't break lower. Above 23.35 could get some mojo.

EvanMedeiros

Much like the market, Apple essentially opened on the highs only to leg lower throughout the day. We can see we failed to tag the highs we made back on Friday putting in a lower high on the 30 minute. If we measure the impulse leg from this last push higher you can see we potentially have a nice measured move setting up to 460 IF we can hold todays lows going...

EvanMedeiros

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EvanMedeiros

$AAPL on route to test fridays highs. I do expect sellers to show up at the top of this range, 455-457 so i suspect we could see a tag of that level today followed by some consolidation. What bulls do not want to see is a tag and immediate dump or other signs of double topping action. The key is to see the bulls hold their ground at the top of todays range. And...

EvanMedeiros

$AMZN great gap higher this week for amazon and a push to the top of this larger range around 272. Honestly I do not love trading amazon around these levels, there's just so much chop and volume put in here that I find makes it difficult to catch clean fast trades. Personally I always have more success with amazon when trading less size, trusting in bigger levels...

EvanMedeiros

$FB well there's the hard reversal day I have been waiting for. It came off a nice double bottom around 23.26 and only took two analyst upgrades to put on a nice short squeeze. I am still a little skeptical on the upside for this name for right now. To me, this is just a bear market squeeze higher until proven otherwise. I want to see a higher low put in (ideally ...

EvanMedeiros

$NFLX great strength here this week as it reclaimed the 220 level and pushed hard off the weeks lows. Nice developing cup and handle pattern that could use more time filling out the handle before attacking the 230 level. I continue to remain bullish on this name and any strength in the indices should set up some nice long side opportunity in Netflix. However I do...

EvanMedeiros

$GOOG hovering at the lower end of this developing range, 865 give or take is the line in the sand bulls want to hold onto. This name continues to see profit taking from its massive run up this year and the bears remain in control (on this timeframe) until proven otherwise. With some market strength we could see a push higher to retest the top of this range but...

EvanMedeiros

$AAPL ended the week where it started but take that relative to the $SPY and bulls get the victory on this one. Thursday we finally saw a very orderly thrust higher above the recent chop and then saw some nice follow through for most of friday until the end of day which could be attributed to overall market weakness and OPEX pinning. I've been bullish on apple for...

EvanMedeiros

$SPY Tuesday Dump. Wednesday flat. Thursday up. Friday Dump. Fridays dump essentially completed a measured leg down and also broke below the key 163.95 double bottom low we put in the week before. While this is currently a clear break below that level I am very interested to see Monday mornings action. Do we gap down only to have bulls buy aggressively and recover...

EvanMedeiros

clear 453 area and next level is 458-560

EvanMedeiros

gearing up for the next leg higher

EvanMedeiros

$AAPL spending its 7th day contained in a 10 point range. Lots of volume put in within a tight range means positions are getting built both long and short that will ultimately lead to a powerful breakout as one side gets squeezed and the other is rewarded and press their side. I am still leaning to an upside breakout but Tuesdays action told a clear story that...

EvanMedeiros

$NFLX Started with a bang today popping into the 220s level right out of the gate. From there gravity did its thing sinking it over $10 to 210. It retested that level later in the afternoon making a new low on the day but saw no follow through and pushed off it creating a nice tradeable double bottom. Mini support around this 215 level, below that is 213 and then...

EvanMedeiros

trendline backtest held, needs to clear 446 now