SpyMasterTrades

SpyMasterTrades Updated 

SQQQ is the ETF that tracks the Nasdaq 100 ETF (QQQ) inversely. When tech stocks fall, SQQQ rises. Traders therefore use SQQQ to short tech stocks. This is the first time, in its 12-year history, that SQQQ shows a fully red heatmap of the daily timeframe. A fully red heatmap represents extremely overbought conditions. This is worse than the bottom in March...

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This chart shows the baseline of the Ichimoku Cloud for the monthly candle of the S&P 500 (SPY) ETF. We've finally reached a level that virtually always supports the S&P 500 outside of recessions. It is likely that prices will find a significant bottom here. However, if inflation continues to spiral and prices drop significantly below this level, then it is quite...

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This is simply an observation: The yearly return on Amazon (AMZN) is approaching the yearly return it had during the Great Recession. Are markets becoming too fearful? Are we truly as worse off now as we were during the financial collapse in 2008? History has shown that more likely than not, ten years from now most people won't even remember why there was panic...

SpyMasterTrades Updated 

This chart highly suggests that capitulation and peak fear is finally here. This is the chart of SQQQ, which is the inverse derivative of QQQ, which in turn tracks the Nasdaq 100. There's virtually no way that SQQQ's price can sustain a gap up like this on a weekly time frame. The gap is extremely likely to close and the price will move back below the Ichimoku...

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This chart is super simple. It simply shows the entire price history of Ethereum on a yearly chart with basic Fibonacci retracement levels applied. It shows that Ethereum has corrected significantly this year back down to a major retracement level. So far, Ethereum has corrected down about 70% from its all-time high. Price has retraced all the way back to...

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Chart analysis is showing that Cloudflare (NET) is trying to form a bottom at an important Fibonacci level. Currently, there is momentum to the downside on the daily chart and a gap to be closed at 46.38. It's therefore likely that with the downward momentum, NET will attempt to close this gap and then quickly rebound up to 59 as it will also try to maintain price...

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This analysis is fairly straightforward. Carvana (CVNA) is nearly fully retraced. Momentum downward is slowing, multiple indicators are showing a bottoming pattern, and open interest in calls is increasing. Although the price can still fall another 10-20% to the low, it's likely that a bottom is near. This is an obvious choice for long-term investors who want to...

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This is a yearly chart of Unilever over the past 50+ years (non-logarithmic). The orange line is a smoothened 9-year moving average. This line provides the most conservative price at which Unilever will likely close the year (about 6% higher than the current price). The 9-year smoothened moving average has never failed to provide support in the past nearly...

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This monthly chart for American Eagle Outfitters ( AEO ) shows a clear non-logarithmic trend line that has continued throughout the history of the company's existence on the exchange (except briefly during COVID lockdowns). The green shaded area is a definite buy area for long-term investors. This linear trend held up during the Great Recession when 10% of the...

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The weekly chart for TREX shows that price appears to remain bounded by the upper band (red) and basis (white) of the Fibonacci Bollinger Bands as it has since the Great Recession. The price is looking ready for a bounce. The oscillators are too oversold on the monthly chart to support a high probability that TREX will drop sharply below the white level. Therefore...

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A single line (the Ichimoku base line) on the QQQ monthly chart tells you a lot. It has held QQQ as support for over ten years. With the NDTH dipping to nearly 10 a few days ago, and with the SQQQ derivative markets reaching insanely overbought levels, all charts are confirming that a major bottom has just formed. If you're still short in QQQ or tech, you may want...

SpyMasterTrades Updated 

VF Corp. (VFC) just barely reached the standard deviation basis on the yearly chart before smart money rushed in to buy. This is roughly a once-in-a-decade buying opportunity on a stock that yields over 4% dividend. What better way to invest than buying a high dividend stock with a price that's also likely to steadily rise for years?

SpyMasterTrades Updated 

The monthly chart for Microsoft (MSFT) shows a breakdown below the upper band (red line) of the Fibonacci Bollinger Bands (FBB) indicator. While it is likely that MSFT will bounce for the time being, as inflation worries cool and tech stocks attempt a rally, the upper band will likely act as resistance. If the price rebounds it might be hard to sustain a breakout...

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Just an observation: T. Rowe (TROW) appears to have found support on the yearly base line (red line) of the Ichimoku Cloud. Which has proven to be a bottom in past years (2020). I believe that price will try to recover to at least the conversion line (blue line) $140s by the close of the year (if not much sooner). This will also bring the price back above the...

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Like clockwork, on the day of its selling climax, Pegasystems (PEGA) retraced all the way down to the Fibonacci Bollinger Band (FBB) plotline and then found major support exactly at this level.

SpyMasterTrades Updated 

Amazon (AMZN) just reached the cloud. The last time this happened was in November 2008. Could be a rare buying opportunity. Does anyone see things differently? Not financial advice.

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Just an observation: Nike (NKE) is currently sitting on the Fibonacci Bollinger Band (FBB) plot line that has generally acted as support for the past 20 years. The weekly candles are printing long lower wicks which could suggest a bullish reversal is building along this line. The yearly chart is not overextended and fitting perfectly on multiple linear log trend...

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The Nasdaq 100 (QQQ) has reached its support level when compared as a ratio to the S&P 500 (SPY). In the coming weeks to months there is a high probability that the Nasdaq will likely to begin outperforming the S&P 500. Not financial advice.