SWRLS

SWRLS Updated 

Super interesting spot here at support for TZA. Small caps have been melting faces, so interestingly TZA finds itself at support at the same time IWM is grinding up at resistance. Will the bulls keep pumping, or will the bears seize control?

SWRLS Updated 

I think the pain is over soon. Will try to make this one of my larger positions for 2024. Plenty of room to run once this breaks the downward resistance. Will add on dips.

SWRLS Updated 

RIVN is forming a bull flag on the daily chart. Above 3 major EMAs. 16% short interest. First target would be a retest of the $28 high from July.

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SNAP tightening in a bullish pennant after doubling off the bottom. Target $20.95 gap fill.

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CVNA forming a cup and handle after a big run up. 37% short float. Zoom out and there's plenty of room to run. First idea I'm watching into 2024.

SWRLS Updated 

TSLA is my main focus to close out the year. Finally broke out of the long term resistance. And just like last time, once broken, it ran 48%. I'm not saying we get that move again, but it's totally possible. History doesn't repeat, but often rhymes.

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CAVA is working on an inside day candle after a big run up. I'm bullish here as I think it's just digesting the initial move before it makes another leg up. In at $44.35, but cautious incase it is indeed topping out.

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PLTR looks ready to make a move. MACD suggests it's to the upside. Volume also reclining on this drawdown. Has two moving averages above it however. If it can break above those, it should move nicely.

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Victoria Secret looking like the sexiest chart in the market right now, pun intended. Pushing both horizontal and downward resistance. 16% short interest and bull flagging. I'm in.

SWRLS Updated 

CVI coiling nicely on the daily. Great looking setup for a breakout to the upside.

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Can someone please explain this to me? ANF is at an all time high. Well over the peak valuation from it's height of popularity in 2007. The weekly chart is so overbought it's laughable, but is it done? I'm so tempted to start shorting. Each one of these pumps has been followed by an equally ruthless plunge. Will this time be different?

SWRLS Updated 

Might be something in the water with FFIE. Up 45% today, volume starting to looking positive. Definitely a yolo, but the market has been so nuts lately, you just never know. Stay safe.

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Inverse to the TNA idea I just shared. IWM is currently trying to flip long term resistance to support. Important spot for both bulls and bears, as we see if the small cap rally lives on or if we start to see a reversal here.

SWRLS Updated 

PTON making a nice rounded bottom. Firming up quite nicely no pun intended. IF small caps continue to run, this has plenty of room to fly. 15% short float

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DIS is definitely worth watching for a hold and bounce off the $90 area. Some good support here, and wedging. If it holds, would be a nice pop back to triple digits.

SWRLS Updated 

SNDL has broken out of resistance. Looks really good, but need a few more daily candles to firm up the idea and confirm the breakout.

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QQQ sold off late 12/20 and is now sitting inside yesterdays candle right under ATH. Waiting to see if this is just a rest day, or if we see some continuation to the downside. Pretty split on longs and shorts at the moment. Waiting day imo.

SWRLS Updated 

Lots of bull posting lately (by myself as well as others). Wanted to put things into perspective and manage expectations. Market has been ripping lately, with everyone calling for fresh highs. However, QQQ is inches from ATH, and extremely overbought on the daily. I would not be shocked if we see a reversal here at least in the short term before we push higher. No...