I just checked out the monthly log chart for TSLA and despite being super bearish noticed that there is still room to run! TSLA reports earnings tomorrow after the bell, 4/29/2020. Single asset bubbles and large IPO's often mark market wide tops. This is the perfect storm... earnings, parabolic move in TSLA roasting the shorts, and the perfect "Sell in May and...
LUV is testing the lows of the crash and sellers seem to be in control. A close below $29.39 and it's going to get rough A close below $29.15 and it's totally screwed! Out of Logic... I don't buy the bull case.
Symmetrical triangle breakdown + RSI and MACD turned down + the economy
Raise your hand if you're buying this at the 52 week high just in time for the next wave of bear market selling in broader markets? Not smart....
As oil dumped pre market today, I decided to check out OXY I drew the trend lines and I was happy to see a nice demand zone that was in play for a buy. I placed orders in premarket for $12.15, $12.15, $12.11, $12.10, and $11.97 (all filled) I am seeing this as a bullish trade in the short term just following its journey up to resistance. The big picture...
TSLA looks like it's in for the same sell of that BTC experienced in the midst of such irrationality. It will be interesting to follow the impending drop in TSLA shares to see how closely it follows. I understand that comparing the two is irrelevant in terms of value, but I posted this based on price action and psychology around greed in markets in general. In...
Day Trade alert- It looks like decision time... we are at the squeeze zone!
Hello, I hope everyone is well and is staying safe. I took a look at DOW futures before heading to bed and got chills at what I discovered. Long story short, pun intended, I saw what appears to be the recipe for disaster. I'm seeing this from a logical standpoint only, just to be clear. The 50 DMA is right on the edge of the bearish wedge pattern and a green open...
I am bearish on the overall market and only have relevant short term single name trades on currently. I have been and will continue to wait for opportunities in after the next sizable wave of selling. The DJI is turning down and indicators are all pointing down on the daily. The VIX is also oversold and is getting a bit of support here as fears are rising due to...
Part 2 will be released on March 22nd, 2021 Opinions encouraged...
You can tell just how much control Wall Street has over BTC by comparing this rising wedge with the DOW, S&P, NASDAQ, and even the Chinese Heng Seng's daily charts. All of these charts are exactly the same....
TSLA has had a euphoric Bitcoin type of run lately. It pains me to see everyone buying the top day after day. Greed and FOMO are both a powerful force. TSLA stock is going to destroy so many people financially directly because of greed. Look out below... a big crash is on the way and TSLA will lead that crash.
I have been following BTC for many years and have looked deeper due to the overall financial risk in global markets. BTC is in a short term, and necessary, bearish trend that will only help the big picture mega-trend play out, that you can see on my chart. Bitcoin is the mother of all bull flags and is currently creating the largest one yet. I don't follow news...
With TSLA printing one of the largest bubbles in recent times, I can't help but think that when it popps it will bring the next wave down in marketwide selling. I choose not to believe in all of the hype with the Fed and stimulus funds. I try to look at it in a way in terms of how they could best deceive society with media and hope and ultimately pull the rug....
Hmmm... logic anyone? Cruise line stocks up big... why? Hmmmm, let's get ready for a reality check and get that cash ready for the next leg down. I hope the drop doesn't hurt people too badly. For those who have been training for this... hats off to you, this is your time. :)
Hmmm... logic anyone? Cruise line stocks up big... why? Hmmmm, let's get ready for a reality check and get that cash ready for the next leg down. I hope the drop doesn't hurt people too badly. For those who have been training for this... hats off to you, this is your time. :)