sammyyr

sammyyr Updated 

QQQ, along with the rest of the market, has been in a bearish trend since mid-October. The factors that pushed this bear trend, namely the covid third wave and lack of another fiscal stimulus remain the key factors. As such there's no stopping the market until the next major support levels formed in the September market decline. For QQQ that gives us a target...

sammyyr Updated 

TSLA bounced off $408.5 low yesterday after-hours. This was the second bounce off this price for TSLA in the last 3 trading days, forming a double-bottom, which is a bullish pattern. TSLA had a strong bullish day today and more importantly it's once again above its hourly 13 EMA and 30/50/100/200 SMA averages. Our target for TSLA is $439 which is 161.8% of...

sammyyr Updated 

QQQ started a rapid correction this afternoon after the government fiscal stimulus talks fell apart. QQQ finished its first wave extension to 274. The second wave extension remained unfinished after-hours in its wave 5 and should resume in the morning. Our target is the third wave extension to $270, which is 161.8% of the first wave.

sammyyr Updated 

After a brief 2 day rest, QQQ looks to continue bearish run as it still remains below daily moving averages. We just had a hourly 13 EMA/30 SMA crossover, which confirms a sustained bearish move. Our intermediate target is $264 but we're really shooting for the previous low of $260 from 2 days ago.

sammyyr Updated 

Revisiting a previous idea that kept finding resistance at $267, which was finally cleared today. After retracing today's move a bit, next week QQQ looks to continue correcting to its next target $257, which is a strong support and 61.8% of the Corona rally since March. Stop is a strong and convincing move above the previous $267 resistance.

sammyyr Updated 

AAPL is on the last step of a wave extension. It retraced to $115 today and quite possibly completed the wave 4. Target is $121 Stop safely below today's close at $113

sammyyr Updated 

QQQ breached the 30 day SMA again today (see arrow). It is now retesting the 50 day SMA it bounced off earlier this week. If the 50 day SMA is breached, our first target is $258, which is 61.8% of the move of the Corona rally since March. If that doesn't hold our next target is $243, which is 50% of the Corona rally.

sammyyr Updated 

AYX recently started a new impulse wave and completed wave 1. Currently, in wave 2, correcting wave 1. Our target for wave 3 is 137.

sammyyr Updated 

BABA recently began a new impulse wave and finished the second leg of the wave. Second leg was the correction today. The Third leg resumes tomorrow. Target is $310. Stop remains the low today below $289.

sammyyr Updated 

SPY had an hourly MA crossover (13 EMA/30 SMA) close to end of trading session Monday. It is now challenging support at $349 and the 50 SMA which have converged. If SPY breaches $349, the first target is support at $343 and the next one is the previous ATH at $338.

sammyyr Updated 

MSFT recently began a correction after finishing 5-wave extension. Our trade is to follow it down to completion at the 61.8 Fib retracement above 211. Case in point for the correction: declining RSI and 13EMA/30SMA hourly moving average cross.

sammyyr

AAPL has had quite the run lately and it looks like profit taking has begun prior to the upcoming split. This morning we had the initial move down with a 13 EMA/30 SMA hourly crossover. This is accompanied by a lowering RSI as well as high volume. Our target is the support at the 61.8 Fib level above $465.

sammyyr Updated 

Along with the rest of the market, QQQ started a correction at 2pm today after almost completing a wave extension. I believe the bearish momentum continues because the ticker crossed bit 13 period EMA and 30 SMA averages. It also breached support at 276.64. Target 1 is at previous support at 274.75 Target 2, if profit cashing continues, is at next support around 273

sammyyr Updated 

DKNG has had a nice run up the last 3 days completing its wave 5 extension. With RSI over extended its retracement point looks at about $36 at the 61.8 Fib Stop is a close above today's high at $37.5

sammyyr Updated 

OSTK is in the middle of an extension wave. It consolidated in wave 4 of its extension today forming a pennant. Wave 5 should be next with a target range of $127-130.

sammyyr Updated 

ETSY finished a wave correction last week and initiated a new wave extension. It signaled gathering steam with a pennant in wave 1. Short term target is the previous high around 136. Longer term if markets hold up, we could be looking at 155.45. Our stop's right below the pennant at 127.

sammyyr Updated 

ZM is flying high today and the hourly RSI index is full blown overbought. Additionally, it completes its 5 wave extension today. Lastly, it's running into some old resistance at 268. Looks like time for a mini-correction. Target is about 259.

sammyyr Updated 

AAPL recently started a new wave extension last week after wrapping up a correction earlier in the week. Wave 1 was (437 to 463) and wave 3 could easily get up to 161 Fib at $480. That's our target. Stop failure at the 61.8 retracement support at $453.50