pov_investor

pov_investor

Looks like we finally got a revisit back to the February lows. I think the next thing to watch for is how price behaves at this double bottom. If we can get a bounce, then maybe we can reverse from here. If not, then lower prices we go.

pov_investor

This environment favors $UVXY, or long volatility, right now. If we can get a breakdown of the 200MA on the SPX index, I think we may see a volatility spike. $TVIX $VIXY

pov_investor

Don't get me wrong, i like #bitcoin. Just not right now. With the major support level at 7k unable to hold, i think this one has a good chance of testing the 6k level next. Will continue to monitor this one in anticipation for some sideways price action.

pov_investor

I like $BABA, but at this time i have a neutral view on it because of current market conditions. Until we get some moves to the upside or downside, I'll be watching. Keep an eye on this one ;)

pov_investor

CYOU looking bearish in the short to mid term. If we can get a clean break here, I think we will go even lower. One thing to be aware is that Chinese stocks have an expected annualized return rate of 28% (source: gurufocus, www.gurufocus.com) and so be cautious of an index rally. Short with a stop loss if this breaks above the broadening wedge.

pov_investor Updated 

This high volume gap down pass the 100MA looks like a start to a downward trend. I would stay cautious until we can grind back up over the 100MA.

pov_investor

Not much of a forex trader, but i love a good challenge. :) This one looks to be setting up for a breakout to the upside.

pov_investor

Looks like the previous support level i mentioned was not able to hold. Now we're seeing the price action test the $7,000 level. If this can't hold i think we can quickly see a decline to $6,000.

pov_investor

$50 continues to be respected and so i will use this as a price level to accumulate my position. Ideally i want to see this price level hold. On top of the price action, i've also listened to the earnings call and it sounds like this company has a strong management and leadership. They are ahead of corporate objectives by one whole year.

pov_investor

Charts are indicating bearish direction, especially with the head and shoulders setup. With the $40 mark unable to hold, it looks like we will see lower prices from here.

pov_investor

After a solid breakout the stock was able to rally higher, but due to poor market conditions we are sing another revisit back to the previous breakout at the $50 price mark. I think there is a good chance to take a long position here.

pov_investor

Following a gap up on earnings we created a nice consolidation that ultimately broke out higher. The poor market condition pulled this one back to near the previous breakout level. What I have here are 3 possible trading scenarios that I see for $AKAM. Also, the business is a solid data-center play and I think this one has some upside if broader market...

pov_investor

Charts are still looking bearish until we can clear that major trend line. Don't get me wrong, I like Ethereum :) Just not right now...

pov_investor

Choppy behavior throughout the trading day. Nothing much to comment here besides the 200MA. Will continue to monitor this level for either a bounce or a breakdown.

pov_investor Updated 

With the aggressive selling we had in the past 2 months, Netflix was able to maintain its 50MA with periods where it would occasionally pierce the 20MA, but yet still maintain it. Overall the chart formation and business model seems to be bullish. As long as we can maintain prices above $300, I would remain bullish on this security.

pov_investor Updated 

Nutanix continues to respect the $50 psychological price level. This is a good signal for a trade on the long side. (Again, we are assuming that broader market conditions will improve here.)

pov_investor Updated 

With the aggressive selling after a major breakdown in the FB, we now see an incredible reversal candle (+high volume) on Facebook's most recent trading day. This sets us up for a good chance to make a short-mid term long trade.

pov_investor

The inversion of the volatility curve looks to be pointing to and favoring long volatility.