JTI96

JTI96

We're seeing a very similar setup to what we were in 2019. That being a large broadening wedge form. One that has been broken and is now consolidating right above and testing as support at the moment. We seen an impulsive 11% move higher of the break in 2019/20, before the big sell-off: Saw a similar 10% move on the break out move back in 2018: 10%-11% move...

JTI96

This isn't the first time we seen NFLX consolidate in a long sideways channel. With the price action remaining above the 200ma, we're looking at a similar setup to 2019 where we seen a false break of the channel to the downside that found support at the 200dma: Looking at a 451 entry and 505 exit here. *NOT Trade Recommendations! Always do your own analysis first!*

JTI96 Updated 

Over the past couple of days there has been a lot of talk and action in the "growth to value" rotation trade. Here's the forward p/e's for some popular value names: KO: 25 DIS: 45 WMT: 26 UNH: 19 XOM: 26 Lets not forget about all the "vaccine optimism" stocks (cruiselines, airlines) currently being poured into right now with horrible fundamentals. All brought...

JTI96

PFE has reached a big point of confluence here. It broke the long term downtrend, and has been consolidating ever since. It has now come back to retest support of the trend break and has support from the trend created back in March. As long as this doesn't break below, all looks good for a move higher.

JTI96 Updated 

Original downside target still looks like a go. Looking to find support and go long around the 200 ma around the 313 area. Red line is "old" larger megaphone upper trendline. Haven't removed it from the charts as it's still being respected as an area of support/resistance....Coincidentally, the 200ma and megaphone upper trendline coincided in February as...

JTI96

There's a whole lot going on with square right now. Going to try to cover it all.... Overall, SQ looks strong, it was one of the many tech stocks that benefited from the lockdowns and with the fears of a "second wave" flooding the world, many people could go back looking at these name once more. -Sqaure has made a series of higher lows as the market has continued...

JTI96 Updated 

I ran into a popular millennial tik toker the other day who provides stock market advice. He said stocks are on sale, after this sell-off....great buying opportunity la di dah... Big believer of the "stocks only go up movement". A lot of people jumping on the hype train along with him still.... That tells me a lot about where we are in this sell-off. A historic...

JTI96 Updated 

Looking for a quick trade here on entry at previous all time highs of 338.64. Looking for a Friday morning gap down, that gets bought up. We'll see.... Overall a sell-off is long overdue, it very well could be just getting started, so tight stops on the 338 entry. Would look for it to retest the bottom side of the rising wedge as resistance and an exit point here....

JTI96

FULL DISCLAIMER, this isn't a prediction, merely a thought I wanted to share. From a fundamental standpoint, there's definitely an underlying bubble. Here's the question I've yet to hear asked or an answer to. If fundamentals don't matter in a bubble, why do we keep comparing p/e ratios...earnings....etc to not only 2000, but historically in general? If p/e...

JTI96

Should be an easy one here, as long as the market is "stable" GLD will move along as well I believe.

JTI96 Updated 

Breakout remains valid as long as the lower trendline doesn't break

JTI96 Updated 

Never in my wildest dreams would I have thought this trendline would come back into play, but here we are, AMZN breaking out of consolidation yesterday on heavy volume.

JTI96 Updated 

Been patiently waiting for indicators to line up. Vix has finally broken out: Often times, the vix will retest the break before a further spike higher occurs.... Meanwhile the Advance/Decline line and Money Flow are still not flashing sell signals: Typically during interim or longer term tops money flow will start to decline as the market continues highers,...

JTI96 Updated 

Setup is looking super clean here. Banks reporting next week, expectations being as low as they are, it should be easy for them to "beat".

JTI96 Updated 

Time will only tell how this plays out...There is a lot of momentum in this market right now, specifically tech. There's a 15%+ pullback coming. The question right now is just, how much meat is left on the bone, until then? Confirm the channel break, and move above the trendlines and this thing could get parabolic (or more parabolic?) We say more because tech...

JTI96

Currently breaking through....we'll see if it holds..

JTI96 Updated 

Looking at a pretty clean day trade setup for NKLA here. Looking at an entry at a retest of 70, with a tight stop loss just below. Green lines are the two target areas. NKLA has gone parabolic and has no business being at it's current price. That being said, there is no telling where it will stop, big swings up and down in this one will continue. Just have to...

JTI96 Updated 

How powerful is the fed? How much do they affect asset prices? The idea of a potential "ugly Tuesday" should give us a bit of a "hint". The fed has been buying treasuries among many other things to support the economy for months now. For the first time in weeks, the fed will go a day without buying treasury coupons according to their operation schedule. Then...