Long 60P Sep 17 for 7.40 debit Aug 19 capitulation date
Idea for PFE: - Starts a downward move which will reach 43 by Aug 31. - Sell the news. - There was a Buying Climax indicated by volume and structure. Currently is a UT. Got Oct 15 55P for 6.20 debit GLHF - DPT
Idea for MARA: - Domed House and 3 Peaks, its a Wyckoffian variation of UT/UTAD and LPSY. - Bitcoin at "Return to Normal" Phase of classic bubble pattern. - There are no fundamentals which support the rise in risk assets - especially in crypto, aka "sucker's rally". GLHF - DPT
Idea for DOCS: - Exhaustion. - Expecting a gap fill. - Distribution until Aug 23. Long 75P Sept 17 7.90 debit Likely 3.26 R/R in 6 days TF GLHF - DPT
Idea for SP500: It's really not so complicated. Operate from the axiom of blatant corruption. Robinhood's the canary. Steal from the poor and give to the rich. GLHF - DPT
Long UVXY 48C Oct 1 3.05 debit Possible VIX Compression cycle breakout
Long Put IWM Oct15 222P for 8.24 debit (short position) 1.5 R/R for inner range move, 3.5 R/R for outer range move
Idea for Cassava Sciences (SAVA): - Decoded: PVVol: - H&S pattern, Distribution UTAD with Exhaustion gap (Price). - High Volume sell (Volume). - > 5x ATR (Vol). - 4.236 Fib. - ML Diamond. PT: 36 Time: By Sept 8, but add 0.3 bars margin (Sept 27) SL: 2.4N~ 128.38 GLHF - DPT
At last the time has come. Short USO shares 2.4 N frequency stop
Idea for CAR: - There is nothing more of a bubble than used car market right now. - See Technicals on chart. - Capitulation date Aug 27. TP1: 46.75 GLHF - DPT
Model Forecast for NI225: - Line of Least Resistance EW Corrective Wave found. - Wolfe Wave at Top Distribution Level. - Weakening rally rejected at top of channel. - This time the support will break. - US Markets to follow. Soon the V's will stop. Easy come easy go. GLHF - DPT
Short EWT with 2.4N SL (S3) Rising wedge breakout possible wedge re-tested
Short shares with 2.4N SL - HSI breakout of bear flag after new low: - Rising wedge reversal breakout
Idea for US10Y: Just a reminder where we are: Now: GLHF - DPT
Idea for Currencies/Macro: - Contrary to popular belief, since 2008, the dollar RISES with Fed Balance Sheet expansion. - There is currently a large divergence which I speculate to close with the dollar rising. Either the Fed Balance Sheet can be reduced, or the dollar will rise... Obviously the balance sheet will not be reduced for a long time, if ever. Why is...
Idea for 10Y Treasury Bond Yields: I speculate that yields cannot and will not rise significantly until the equity bubble pops. I think that it will start a wave reaching 0.7 this month. Why is that? - There is almost $300 trillion in private sector debt globally. - Companies used margin debt for share buybacks to boost EPS, creating the illusion of economic...