Completely parabolic action today in the spy.
1) ran right into resistance on daily chart
2) fading volume of trend
3) RSI didn't register overbought when market made its last structure high
4) blow off top candle on 30 mn chart
5) lots of selling on level two
The rectangle below is the profit target (2 gaps down there that need to be filled)
FB is part of F.A.N.G. - FB AAPL NFLX GOOG. This is the nickname Wall Street gave for what they believe as the strongest stocks to come in 2016. These tech stocks with low exposure to the shit that was thrown on Wall Street will thrive in the new year and are hot buys. Heres the big move, dont hesitate. We broke out of a flag and are moving towards a breakout of...
Short squeeze boom is done, entire market is in red except for the 4 king ' FANG ' stock. 'Facebook', 'Amazon', 'Netflix', 'Google'.
Low risk entry into shorting the S&P here, down into the lows of August/October.
Regardless of what Yellen says on December, it does not matter. The FED do not have control of the market, people are just focusing on the past.
No one...
Daily Pinbar on $GOOG near the 161.8 Fib extension level.
Bearish Butterfly was violated, but a close below 720$ could create a False Break signals.
R/R for bearish Pinbar scenario marked on chart
Tomer, The MarketZone
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As anybody who has read my posts probably knows, I am not a big fan of earnings plays. As I have pointed out, they either go great (instant gratification) or terribly (several cycles of rolls to mitigate loss that tie up buying power). Me, I'm a bread-and-butter guy with a penchant for mechanical index ETF and TLT trades that supply a fairly constant level of...
I have a love-hate relationship with earnings plays. When they work out, I'm happier than a clam; when they don't, I swear off them, use expletives to describe them, and say that they're a total *?! waste of time.
That being said, there are some I just can't pass up, usually because the premium is just too good. In the next couple of weeks, these will be NFLX,...
Bullish on the long term cycle - Price above 200day EMA. Just had a 20 day selloff. Good long entry if neutral and good hold if long. Same for Apple, Netflix, Google, and all the other big tech stocks.
www.scottaaronson.com
Consider the market trend to be Eigenjesus, or at least the concurrence of several of his high eigenpriests. It serves not only as an...
GOOGL opening within the range. Earning trades, who uses the concept of evaluating the price like i pointed out in earlier post. Should get nimble at the opening.
3-16 Is Google in the process of building
out a 5 waves up affair? Sure looks like it.
IF IF IF true then the current trend as defined
by the green uptrend channel is up. Notice
how this issue basically tagged trend channel
support and is pulling away from it? That's where
a stop can be placed, a break of the pink line.
Notice how within that overall uptrend...
3-10 In keeping with my theme today of using support to guide
your entries?
Much like PANW this issue is sporting a similar set up brewing.
For those who like to buy stocks in uptrends
pulling back to support? You need only ask one question.
Where is it? Look no further than the green trend line.
Should this issue tag those zones that is where you want to...
Not only numbers is attractive but also the chart. When both agree on company's future outlook, hard to resist to stay sideline and wait correction to happen in order to enter your long waited trade. In most cases, we are right about FB and so far all trades were profitable by simply using a few signals. Very strong level to watch now is $78.56 area where some...
It's not exactly breaking-news that Twitter tumbled shortly after it's IPO. Today's close brings the stock a smidgen below its near-IPO low of 38.80 , just before the euphoria of.... absolutely nothing set in and shot the stock to an all time nominal high of 74.73 proving to be nothing more than some kick-ass fuel for fire.
TWTR closed the day just below the...
This is a 4 hour chart of the QQQ and it shows both the bullish and bearish side of the argument. I have a bias to the bear side due to bearish divergence on the weekly chart and also the head and shoulder pattern. However, the bullish argument is that we have an inverse head and shoulder pattern ( green) opposing the Bears, and also the fact that we are still in...
