porretta.matt

porretta.matt

Hey guys, I am charting the S&P because I would like to get long on it soon. We had a downward break out of an ascending wedge. It looks as though we got rejected at a resistance trend line and are retracing more. I believe we will find a large amount of buyers down at the 2650 range. After a bounce down there, I would be EXTREMELY bullish. Also, if we retrace...

porretta.matt

Hey dewds, Here is another chart if anyone is interested in trading this stock. I literally know nothing about the company because I am just charting it for a friend. If you zoom out to the monthly, it actually looks pretty impressive. It has been a steady climber through the years. Happy trading!

porretta.matt

Hey guys, Idk anything about this company but a buddy asked me to take a look at it. Looks pretty standard these days. It will get pulled up or down based on S&P.

porretta.matt

Hey guys, I really like the fundamentals of this company. Obviously earnings are going to be nasty for the rest of the year, but this is a longer term trade for me. I also like the dividends once they start paying out again.

porretta.matt

Hey guys, Pretty straight forward. I don't see TSLA breaking past this trend line. If we are coming into an economic downturn/recession ... who is going to be buying luxury cars? Not to mention, oil is cheap right now. I see a retest to the lower long term trend line happening over the next year. I would be very bullish if TSLA drops to those levels. TSLA should...

porretta.matt

Hey guys, The markets are beginning to trend down again. CCL is going to get dragged down with it, but I believe even more so with the negative news about the cruise line industry. I believe we will retest the $8's pretty soon, and if we break through that support.. the next time stop is around $6. We just broke out of a bear flag to the downside. Happy trading guys!

porretta.matt

Hey guys, I wasn't paying attention to this stock as it was hyping up to record highs. I didn't really pay any attention to it, until I noticed it had a laughable P.E. ratio of over 1400. Now I am paying attention! I see a big bear candle on the weekly, a bearish divergence on the RSI on multiple time frames, and now am waiting for a retest of previous levels so...

porretta.matt

Hey guys, I have a strange feeling that on April 3rd, this FRED is going to go straight up. Just a gut feeling... In other words, We screwed.

porretta.matt

Hi guys, I am bullish on Gold right now because it historically has been the safe haven for a weakening dollar, or any currency for that matter. The demand for gold is also rising, pushing the price up as well. Most of the stores that sell physical gold right now are completely sold out. It really just comes down to supply and demand. I personally do not own any...

porretta.matt

Hi guys, I have been following CCL closely. I purchased some at 9.15, and some at 10.15, and sold around $14. They were some nice gains, however I don't like several upcoming events which will more than likely cause markets to plummet again. I believe this bounce is similar to the first big drop in 2008. We popped up, then went back down even harder. At least in...

porretta.matt

I am tempted to buy a little bit of this for the dividends, but I don't like the slow decline in stock price over the last few years. I will keep an eye on them.

porretta.matt

Hi guys, I hope we do not retrace this far. It would be the buy of a lifetime off of this trend line. Anyways, Happy trading everyone!

porretta.matt

Hi guys, I decided to chart something a little bigger this time. This DJI chart on the weekly goes back to the 80's (atleast what we can see on the screen). You will notice this long term historic trend line has held up for a very long time. It bounces off of it every so often, and occasionally breaks through it during bear markets. The last time it broke through...

porretta.matt

Hi guys, I don't do much with Crypto these days but I do have some WTCBTC. I figured I should check up on it, and this looks like a nice descending wedge. I think the breakout will produce some nice gains. Anyways, happy trading everyone!

porretta.matt

Hi guys, Just playing around with this stock. Looks a little overpriced, I would wait for a pullback.

porretta.matt

Hi guys, This just broke down over the last week. I would not be surprised to see a slight tick upwards because of the RSI being oversold so much. I believe this is going to continue to drop until we find support at critical levels (red zone). Happy trading!

porretta.matt

Hello everybody, I got bored and charted a few stocks. If this reaches the trend line, I would suggest picking some up at a discount. Happy trading!

porretta.matt

Hi guys, I noticed some support and resistance areas, along with a nice bounce off of the old trend line. If we move sideways and end up breaking through this support on the trend line, I would probably exit the trade and cut losses. I expect some rebound for a short period of time since the RSI is so incredibly oversold. Happy trading!