HyerQuality

HyerQuality Updated 

Big money doesn't buy weekly options. They tend to think in terms of quarters and years. I believe this February was a peek into their underlying pessimism and just how readily they can dump positions at the first sign of fear. Of course, in a controlled sell-off there would be bear market rallies and selling into strength. Going forward I expect most of the...

HyerQuality

SPY is likely in a wyckoff distribution phase right now. With RSI extended and the chart flatlining just like in 3 previous relative tops I expect this summer to see a 10-15% correction. Sadly, thanks to the volatile nature of these distributions I don't see puts as attractive as I wish they were. Commodities are rallying hard and so diversifying into that...

HyerQuality

Fib levels have been holding the range but its unlikely to persist. Given the amount of FED "liquidity" being shoved down the pipe I'm inclined to say we break through the ceiling and blast off toward ATH. No, this doesn't align with the economy, expected Q2 data, or essentially reality but trillions is a lot of money and its being shoved into assets so for the...

HyerQuality

The stock has made an impressive move higher on the news of funding with the coronavirus backdrop. However, even if a vaccine is possible the development process is still in its infant stages. Recently, price took a dive and has been consolidating. Looking at a 30m scale, the 20 period moving average for volume has also taken a dive in the last few sessions and...

HyerQuality

Lets be honest, there is no rational price discovery in this market right now. The FED has backstopped every asset class. Free markets don't exist right now. Oil markets can collapse, 25% of the workforce can become unemployed, GDP can fall 50%, it doesn't matter. It doesn't matter that the economy is posting unprecedented bearish data. Stocks aren't allowed...

HyerQuality

Weekly EMA 50 and 200. Throughout the recent bull market the 50 week EMA has served as support. In the event price breaks down decisively past the 50 week EMA, noted on the chart with arrows, the price of SPY will rally to re-test the 50 EMA and upon failure fall to the 200 week EMA. In February price decisively fell through the 50 EMA support and has since...

HyerQuality Updated 

This is a narrow analysis of one volatility instrument however if history rhymes the S&P500 could undergo a notable selloff within 3 months time. Buying some $300 SPY Puts expiring in April 2020 (yes 4/20) currently has a great risk-reward profile in my opinion.

HyerQuality

Tesla will soon be included in the S&P500 which will cause a massive inflow of capital at indiscriminate prices. In my opinion that will be the final boon near $1200. From there I expect similar consolidation as the past few years as the Tesla Network, Solar Roof, and new line of vehicles ramp up. FSD is feature complete in the next few months and as a Model S...

HyerQuality

The S&P500 has been following my previous TA fairly well. If this pattern is to continue, I think we see $318 by 1/1/2020. I've pinned a bearish price target as well in the event we test the bottom of the channel instead.

HyerQuality

I was early. Sucks to be holding the bag but I didn't expect all of the recent developments to be overshadowed by equal and (arguably) opposite bad news. I'm in at 265, will increase my position by about 30% if we drop under $200 and try to get an average holding price around $240. This isn't the first time Tesla has taken such a beating. If history rhymes and...

HyerQuality

A few months back I posted this suggesting that $280 support would dictate a $288 price target. I believe the market is a little overheated (nothing to panic about) and letting out some steam would be healthy. I'm looking for another 2-3% downside to start buying the dip. Would prefer to re-test $280 and validate the support level.

HyerQuality

Filter out the noise. The short percentage of float according to shortsqueeze.com is about 24%. From a weekly POV we can see heavy support on the price chart and RSI chart, and increasing money flow. Buy and hold.

HyerQuality

$280 is the battleground. If support: PT = $288. If resistance: PT = $246

HyerQuality

Building of my original SPY chart I've highlighted some key patterns in this week's sell off. Going back to 2006 almost every large red weekly candle is followed by more selling in the next week. I think this pattern holds into next week and the green ellipse becomes the near-term trading range until we inevitably head to $285 to finish the larger rally trend.

HyerQuality

I like this name because of its massive dividend yield. This isn't uncommon in REITs, but TWO carries one of the larger yields in the industry. Their financial statements are healthy and the primary risk here is the state of interest rates in the US. My harmonic analysis shows two sin waves: a red and a pink. The red represents a macro trend wave and until the FED...

HyerQuality

The stock tanked in 2018. Blizz got lazy and really upset a lot of their fan base. A quick glance at the annual fundamentals provided by yahoo it looks like the company is still very liquid, paying down liabilities, and growing earnings attributable to shareholders at a clip. EPS estimates absolutely cratered recently, however, which probably fueled the flame...

HyerQuality

I believe Tesla is nearing a new breakout. My belief is based on technical patterns, the current narrative, improving fundamentals, and potential inclusion into the indexes. There's always something going on with this name. It wouldn't be Wall Street's darling otherwise. Options traders can make a living trading this stock alone. Volatility can be vomit...

HyerQuality

NVDA has investments in all of the major cutting edge tech areas. Industries like AI, self-driving, crypto, competitive gaming, and more. Very likely the stock will recover in the long term, however, investors want to know what to do today to maximize future gains. A very simple analysis using fib retracements suggests potential trading range of $75 - $180...