8EMA is above the 50 and 21 EMAs on the daily chart, $AMD has had a great recovery and it is approaching to my 0.5 retracement (98.75) and to the 200 EMA on the daily chart (100.13) which means that you can expect a lot of resistance in this 98-101 area. They will be reporting earnings today after the bell the consensus for EPS is 1.03 and for Revenue $6.53B their...
Small gap down on pre-market, no reason to be surprised after a big run last week. We are probably breathing a bit. $QQQ is opening below yesterday's Pivot Point (315.71) and below the 15min EMA (312.96) these levels could be used as resistance but keep in mind that the 50ema levels change since this is a smoothing tool so go by the trendline and not by the 314.12...
For the 1st time since the beginning of April, the 8ema (303.95) is above the 50ema (299.29) on the daily chart. However, this week has been one of the strongest (if not the strongest) of the year for tech, I would not be surprised if the market cools off a bit today but again, the market, in general, is unpredictable. In the past few Fridays, we have seen action...
After a strong day, today QQQ closed at 4%+ gains the FOMC announcing the 75 bps hikes was taken as positive for the investors, today we had GDP falling -0.9%. When it comes to technicals the main thing that I will be watching is QQQ at 308.64 this was the high of Friday and Yesterday above this level I will be eyeing calls otherwise a downwards reversal if it...
I will be keeping an eye on this SPY level might play the downside if it fails to break, in slow days like today I don't make many moves, and with the current volume at 20% from the daily avg. I will be looking for reversals rather than breakouts, will keep you post it if I trigger this
Watching AAPL 150.84 support from last Wednesday which was held today as LOD, going to be watching this level tomorrow (if we still open above it) could be a great place to trigger puts below, but it will be mostly up to MSFT and GOOGL to determine if the 150.84 - 153 range will be valid tomorrow
Opening strong 2.12%+ and keeping an eye above yesterday's high level of 300.45, will be an important resistance and if rejected I will try to look into puts otherwise, calls holding above could be good with a target at 302.5 area. Something to keep in mind FOMC meeting at 11am PST so we could possibly have had already the big move today and just consolidate until...
QQQ showed some relative strength at the beginning of July but it struggled to stay above the 300s finding resistance at 308.62 and coming back down to the 294.38 support area from May 16th that worked as resistance a few times after, this is the level I am watching today and whether we close below or above. Looking at the Daily chart it seems like the 8/21...
