Hello everyone. So from a fundamental perspective Nvidia has great products and technology, the profit margins are also great. But a 70/1 P/E ratio? Does that seem sustainable? I mean how many years would it take for the P/E to normalize with the price staying the same as it is, to let's say 20/1 which is still high relative to historical standards. Maybe there...
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TICKER: $QQQ Huge bear volume on Friday and a close near the LOD. Next week is key as we have tech earnings. If we break the low of Friday (221.67), I expect further pullback. RSI on the hourly time frame is down in the over sold category but keep in mind that with earnings and potential news, RSI levels could get extreme. Volume will be a key indicator for...
TICKER: $QQQ Just like SPY, QQQ also confirmed its daily cup and handle pattern. Bulls in full control at the ALL TIME HIGH. Weekly RSI is at 70, the highest since the top of the V shape bounce of April 2019. "The trend is your friend" they say and its true, don't doubt the bulls. Anything above $203.44 on the daily time frame is a high lower.
Ticker: $QQQ QQQ is clearly weekly than SPY, IWM, XLF, and XLV. QQQ is not close to ATH resistance of 206.05 whereas the other sectors are near ATH or broke daily resistance. If the market pulls back, QQQ will set a daily lower high compared to 206.06 and I expect an equilibrium. If markets are strong, I will watch to see if QQQ could break 266.05 to add fuel...
Over the last 14-weeks, Apple stock has had 2 red weeks, and they've been almost negligible. The stock is up nearly 80% this year alone!! We can see the stock gain 100% by the end of the year if this continues, especially around the holiday season. Since Apple is on all-time highs, the only instrument to help us with the potential upside target is the Fib...
Amazon stock has been on the rise for the past few days on strong volume through some key resistance points, one being the year to date POC. The upside structure is starting to build up as well, as the low that caused the move higher was higher than the previous drop. The volume on the recent pop shows promise to the upside. There is a resistance point that is...
Shares of AAPL are trouble, so long as this zone of support between $144.79-150.24. If not, a possible relief rally may come in to play because it's getting oversold on a weekly basis (RSI <30). Even so, any strength should be sold in to, as I see this thing falling hard. Minor breakout resistance (dotted white line), but the extensions from the major move has...
Long based of channels and fibs My Entry: .00 (any entry above this is fine) Stop Loss: 1650.00 PT: 1440.00 area Risk/Reward: 1:3.4
SPY closed at the low of the week with only the low of October 259.85 as support, and we are likely to test that level first thing next week. It's clear the MA20 on every timeframe is important for SPY, and both the tech and financial sectors and this has been rejecting every bounce attempt on every timeframe so far. Bears have the momentum on every timeframe;...
$GOOG has now dropped over 20% since its July high, bringing the stock into bear market territory for the first time in 7 years -- since August 2011 (both time periods marked on chart.) I remain bearish on Google for the remainder of 2018. Macroeconomic conditions and trade tension combined with an over valued market and much needed correction in the technology...
Might be able to catch a bounce off weekly support here for $GOOGL. Buy zone is as shown. Not the best R/R. Also watching the markets in general. Tech sector has taken a hit in 2018. Will update position accordingly.
SQ has a night daily equilibrium playing out. We're looking for the hourly supports to break next week to signal healthy daily consolidation is coming to set a daily higher low above 64.69. I will potentially buy the hourly trend change, another strategy I may employ is to wait for the daily trend to change and break our resistance of 80.32 - that would...
PVTL is a company I like fundamentally. I'm a software engineer and I've developed on their platform Pivotal Cloud Foundry, and I do like it. I know the decision makers at that former employer also really like the platform. I'm of the opinion that these guys will be a prime target for an acquisition by Amazon. I have seen absolutely no indication that this...
Will the Tech sector be able to bounce off its uptrend line or will it break down? In relative terms, it broke down vs. the HSCI about a month ago... or just a false break a la 2013?
FB in a tightening equilibrium, trying to find support here before moving up and finding a lower high relative to 188.30. Losing 170.91 would increase the odds of a weekly bear flag, I'd be looking down at 166.56 then low of the after earnings post-market dump, 164.30. Lots of support in that area, with a yellow trend line in tact since June 2013 just below. ...