pov_investor

pov_investor

SPY prior support at the 265 - 266 level now confirming and acting as resistance. Unless we can clear this, I think we will see multiple attempts to pierce the 200MA. Ideas for long individual stocks are put on hold for now. All eyes on major indices.

pov_investor Updated 

We the recent gap down sell off in the $QQQ , Intel appears to be holding itself up relatively well. This is indicating bullish signals and I would like to play this one on the long side (with the assumption that broader market environments will improve!).

pov_investor

Can bitcoin hold this short term support at 7800? If this breaks down, I think we can see lower prices. Until then I'm still seeing short-mid term short for this coin play.

pov_investor

Nice bounce off the psychological 200MA today as expected. If this buying momentum can continue, I would like to see this clear 265-266 and then hold it as support. If instead this acts as resistance then we may get some more selling. How low will the selling be? I would have to wait until it happens to gauge the next move. Remember, charts are still quite damage...

pov_investor

Unless we breakout of this short term descending broadening wedge, I think we will see a re-visit towards the $8,000 price level. And if 8k doesn't hold, we may see further downside.

pov_investor

Stellar continues to trade above a critical area (red-line) after a double support and now a minor falling wedge pattern. If this continues to grind sideways and rise above the down trend-line, then I think this is looking pretty good for a long.

pov_investor

As long as Ripple continues to hang out below 0.67232 it's risky to consider a long position. I rather wait until the momentum starts kicking in on the long side for a nice re-entry. For now just watching...

pov_investor

Ethereum remains trading in the longer term down trend-line which suggest we have some more downside to go before a reversal. If you examine further into the micro pattern, you'll see a bear flag developing. If this bear flag plays out, I'd like to see the next support area at the $500 price level. Note: RSI remains quite oversold and so a bounce is also probably.

pov_investor

As the major US indices sell off and touch the 200MA, we're starting to see higher levels of volatility. Futures are in backwardation which will serve as a strong tailwind for long volatility instruments.

pov_investor

I didn't think this would happen so quickly without a decent bounce. After today's close, the chance for a Monday bounce is quite high, but plenty caution on the long side. I'm thinking things will look bearish until the rest of March and at the start of April. 200MA is a strong and psychological point for a bounce.

pov_investor

I know market conditions are tough right now, but usually when we have tsunamis, the giant waves reveal hidden treasures in the market and NTNX appears to be one of them. If we survive these tough market conditions, I think we will see plenty of upside for this data-center play. I would be on a lookout for a play on this on as the markets recover.

pov_investor

Wild day in the markets with heavy selling. SPY, we got gapped down on some volume and straight selling for the rest of the day. Tomorrow looks like a possibility of a small bounce, but may fail towards the end of the day. It looks like we want to take a revisit back to the 200MA or February lows.

pov_investor

I think bitcoin is still in a downtrend until we can grind pass the teal trend line + cross over the 200MA. Until then, I would like to see Bitcoin hold prices around $8,000 level. A break below the $7,000 price level would be a bad sign and lower prices to continue.

pov_investor

At this point i'm watching the 50MA on QQQ. A break here would mean 100MA next and starting to look a bit bearish in the short - mid term.

pov_investor

I'm not usually a big fan of looking for shorts in well managed and hot market companies, but Facebook is starting to look bearish in the short to mid term trading. Don't get me wrong, I like Facebook for it's fundamental social integration into our economy. As long as this continued to trade below the 200MA and below the 170 price level, I'd like to stay away...

pov_investor

ROKU continues to perform poorly and the added selling in the broader markets are helping with this short bias in direction. With key price levels like 40 and 38 broken, this security looks like it wants to go lower. Note: this security has a high short interest (assuming other funds are bearish on this stock as well) and so it may be sensitive to moves to the...

pov_investor

Looking to see if SPY can hold this 270 price area along with the 100MA, Fibonacci, rising wedge and trend line. A close below the 270 daily would be my stop loss.