TomDaSpankEngine

TomDaSpankEngine

QQQ is finishing up its 4th wave pullback, and should begin to rally towards my target zone of the 2.382 - 2.618 fibonacci extensions, which corresponds to a price target of about 381-387 for Wave 5. After that, QQQ should have a larger degree 2nd wave pullback to about the 330-340 region, so you will have plenty of time to add to your position in the coming month or two.

TomDaSpankEngine

MSFT is finishing up its 4th wave pullback. Mega caps don't typically experience deep retracements, so the .382 retracement is the perfect buying zone. In the next day or two MSFT will resume its uptrend to complete its 5th wave up to the $325-$330 region. After that, MSFT will experience a 2nd wave pullback to approximately today's levels.

TomDaSpankEngine

As expected, NVDA is completing its 4th wave pullback. It should begin its uptrend in the next day or two. Upside target zone for W-5 is around the 3.382 extension, which is about $310-320. After that, NVDA will have another deep pullback to about today's levels, so there will be plenty of opportunity to add if you do not currently have funds available. I will be...

TomDaSpankEngine Updated 

NVDA just completed its W-3 of its move off the March 8 low. Now it needs time to rest. Im seeing bearish divergences in RSI and MACD, indicating that the uptrend is becoming exhausted. Fibonacci extension targets have been reached. I own NVDA, and have sold covered calls against my position to protect my downside. The buy zone is 248-258. Longterm, this stock...

TomDaSpankEngine Updated 

Pfizer is still working on its 5-wave move off the low. Over the next few days it should finish up this W-4 which would take price to the 50-52 region at least. After that, I expect Pfizer should complete its 5-wave move with a push up to about the 58-60 level. However, after that it should return to approximately current levels again, so there will be plenty of...

TomDaSpankEngine Updated 

QQQ is working on an impulsive 5-wave move off the March 14 low. Right now, we have completed 3 waves up. I would like to see one more micro push higher to make the count look more complete. I am targeting the .382 - .500 fibonacci retracements for this pullback. Bearish divergences in MACD and RSI indicate that this uptrend is becoming exhausted and needs time to...

TomDaSpankEngine Updated 

AMD so far has completed 3 waves within this larger degree W-3, within an even larger degree W-1. Now, the uptrend is becoming exhausted, and the stock needs time to rest. Personally, I have sold covered calls against my AMD position to preserve some of the gains I've made over the last few weeks. I will be interested in adding to my position in the 112-115 level....

TomDaSpankEngine

Visa just completed an impulsive 5-wave move off the low. It looks very clear that the bottom is in on Visa. Now the uptrend has become exhausted, and the stock need times to rest. The fibonacci extension targets have been reached, and you will also notice bearish divergences in MACD and RSI which also support this thesis. I will be targeting the .382 - .500...

TomDaSpankEngine

The SPY and QQQ look like they need a rest. However, the RTY looks ready for bullish continuation.

TomDaSpankEngine

Tesla just completed a powerful W-3. However, now the uptrend has become exhausted and needs time to rest. Fibonacci extension targets have been achieved and MACD/RSI are showing bearish divergences. I expect the retracement to reach about the .382 - .500 level. If you own TSLA, you may want to consider selling covered calls to protect some of the gains you had...

TomDaSpankEngine

FB just completed a 5-wave move off the low. This is a good sign that the stock has indeed bottomed. What comes next is the W-2 pullback. The standard fibonacci retracement targets for a pullback are .5 and .618, which translates to a buy zone of 205-210. There are also bearish divergences in MACD and RSI, indicating that the uptrend is exhausted. I do not own...

TomDaSpankEngine

MSFT is finishing up a W-3. It may open slightly higher tomorrow morning and reach the 1.618 fibonacci extension, but the sell-off will definitely start tomorrow. I will be selling covered calls against my shares to protect against downside. Also, bearish divergences evident in MACD and RSI.

TomDaSpankEngine

Don't listen to the clueless bears who tell you that the market is going to crash this year. Their posts will magically disappear as the bull market rages on like they do every year. SPY is heading to 550 then 450 then 600 then 120. No crash until 2024. Stay long for some great gains, and sell CCs strategically.

TomDaSpankEngine

Roku will not be returning to new ATHs anytime soon. If you are LTBH, stay far away. Traders can make some $ on the B-Wave bounce

TomDaSpankEngine

Looking for a fill of the gap at 232 which coincides with the 2.0 extension of this 5-wave move down. Head & Shoulders pattern with negative MACD divergence.

TomDaSpankEngine

Here is another disgusting chart for you to avoid like NIO. This stock will fall more than 90% from its high. Don't get caught holding the bag.

TomDaSpankEngine

NVDA is finishing up the final leg of its correction. 200 will be an attractive place to go long before NVDA begins its ascent back to new ATHs.

TomDaSpankEngine

Tesla is finishing up a WXY correction. One more low to the 650 region before it starts its ascent to a new ATH.