It is nice to see that price action still remains above the 200MA. What i want to see next is more price movements to the upside.
$AAPL starting to look like it's going to be the first one trillion dollar company here. #Incredible...
With the round $100 dollar price level, #Disney looks like an attractive try here. Although there is not much upside momentum presently, I think some of the value metrics on #Disney can act as great support.
If $SPX can behave and act as a tailwind for $YELP, i would be looking to get very bullish on this business model prior to earnings. If you dig into Yelp's reports, you will find a very diversified revenue stream (it's not just SMB ad money from restaurants!).
Looks like #Bitcoin will be trading in this 9k and 10k range for some time before we see where prices want to go next. As of most recent trading, the #Ethereum looks a lot more bullish compared to #Bitcoin. Regardless, we must continue to pay attention to the collective marketcap to see if this market will continue growing.
It has been a nice run up to the mid 800s, but it looks like #Ethereum needs to take another break before higher prices. Most notable 4-hour price action is the double test at $700 since it looks like we have a buyer there.
It's still pretty hard for me to manage my swing trading positions. Most of my trading activity have been very short - mid term with a tight stop loss as of late. Until we can clear those critical resistance points into new highs, I think we will continue to see chop. The 200MA continues to remain the important price area to watch.
Not of a big fan of their methodology for going IPO. It just seems like they're trying to sell their shares at almost $30 billion in market cap... This is almost as big as $SNAP during IPO. Financials don't look impressive either. I'll be considering a starter position with some put options and will add either on the earnings gap up or down.
If price action can clear this 55 price level, then I think higher we go.
$SIVB gapping up on earnings. I would consider some positions here or on any retracements of the gap. This company continues to be an awesome niche bank focused on the #innovation economy.
$BIDU looking bullish in the after hours earnings price action. What we have here is an aggressive gap up + gap fill around the $250 price level. There is a good chance that this will continue to run tomorrow. #bullish #AI
This is hard to believe (or not really), but markets are responding well to #Amazon 's earnings. Looks like this one is gapping up and nearing/passing its all time high. Remember, give the markets what it wants and so this one wants to go higher. #bullish
Pulling up the 4 hour chart, we can see some short term support at the 8800 price level. As of most recent we had prices explode to the upside from that support level. If we can clear further highs here, then I think #bitcoin can go higher. #RiskReward
$SPX $QQQ $DIA $IWM We now have another (third) bounce off the 200MA following a strong market rally almost all the way into the close. If momentum can follow through on today's rally, I think this could be the beginning of a reversal point back to all time highs.
What i would like to see next is some solid support above or at $8,000. Must be patient and be proactive with taking gains (and small losses :))
This was the anticipated selling that i thought would occur around the $600 price level, but instead this happened at the $700 price level. Let's be disciplined and take the gains so that we can size back in on the next up move.
Awesome breakout to the upside in the #crypto markets right now. Looks like this one can keep going. Remember to maintain risk as we elevate to new price levels.
With support at 266, 265, and the 38.2 Fibb retracement. Bond futures were also slightly down this morning and so could this be rising interest rates working its magic on the equities market?