Liathetrader

Liathetrader

What a run on SMCI, these are my targets. We're almost in the first one. Next stop ATH. I'm holding with the biggest holding muscle.

Liathetrader

NVDA finally broke above the $500-$505 channel. And created new ATH today. It might pullback and retest again, but the chart looks very nice. I was adding dips on the last 50EMA for a longer term trade. Cheers.

Liathetrader

NYSE:BA is having a tough time but that happened in the past. Key level $229. Next $221 and $213. Everyone wants to short this, so let's pay attention. Maybe going against the crowd if the price action suggests so.

Liathetrader

My target on this is still around $4.50 and then $5.90-6. Still good risk to reward. Risk little to make a lot is the key. High flying, very volatile stock. Tight stop loss needed.

Liathetrader

It's fair to say that PLTR did a book perfect FAKEOUT to mislead numerous traders, is an understatement. PLTR attempted to breach the $20 mark for the second time this year, only to retreat back into the channel. Currently, it's sitting on a diagonal trendline which, since May 2023, has been recording higher lows. It's also hovering around a major demand level...

Liathetrader

Technically speaking we could have a reversal on SPY. Triangle, strong support that has been a resistance for over a year May 22- May 23. Geopolitical tensionsand high yields are against the technicals this time. Let's see.

Liathetrader

SPY is filling the gap. Let's see if the gap will get filled and market continues the rally, or gap will work as a resistance and we'll turn course back to the downside.

Liathetrader

100SMA will soon cross above the 200SMA. The trend has been lovely last week. GOOGL finally broke out. My biggest LT position, right after cash.

Liathetrader

All depends on NASDAQ:AAPL earnings today. I have my popcorn! You?

Liathetrader

Last year May 2022 we were exactly in the same spot on AMEX:SPY as we are today. So if you'd just buy and hold you'd be nowhere. TRADING MARKET FOR SURE. MAY 3, 2022 AMEX:SPY : OPEN: 415.01 HIGH: 418.93 LOW: 413.36 CLOSE: 416.38 MAY 3, 2023 AMEX:SPY : OPEN: 411.36 LET'S SEE WHAT FOMC BRINGS.

Liathetrader

Last year May 2022 we were exactly in the same range we were exactly in the same range on AMEX:SPY so if you'd just buy and hold you'd be nowhere. TRADING MARKET FOR SURE. MAY 3, 2022 AMEX:SPY : OPEN: 415.01 HIGH: 418.93 LOW: 413.36 CLOSE: 416.38 MAY 3, 2023 AMEX:SPY : OPEN: 411.36 LET'S SEE WHAT FOMC BRINGS.

Liathetrader

Technically speaking, SPY chart doesn't look so bad.Above 10EMA, closed above POC.

Liathetrader

NVDA trend has been strong. It's not losing steam, and the retest is always happening on 10DMA. Let's see how much steam this stock will have. Could be a B wave of Elliot wave theory also, looking at the beginning of the cycle early January.

Liathetrader

I don't see a reason why $SPX could not sell off to 2950, which is a 100 MA on monthly chart. Got there in covid and much below in 2009 also. RSI is still high on monthly, and fisher transform indicator can go much lower. I'm just keeping an opened mind to possibilities. Let's hope it won't happen but there's not much reasoning for me to think otherwise.

Liathetrader

Definitely in phase 3 - distribution. Could create a triple top but I'd be careful with energies after this rally. I'm going to short below the volume shelf and below 50 MA (red). Today we might have a bounce.

Liathetrader

The last weeks in the markets looked ugly. If SPY is unable to hold this level (375) we are looking at LOY 363, and then 200 weekly MA around 350 or the end of this volume vacuum around 330. All plausible. Question when buying PUTS its only "when"?

Liathetrader

MSFT is in a massive downtrend, broke below the volume shelf and also broke the short term trendline. $240 seems plausible.

Liathetrader

Beautiful 0.618 retracement, potential breakout of a bullflag. My favorite small cap that had great earnings.