FNGU is a 3x leveraged fang etf. We've had a small consolidation (flag) but now we've started moving downward again (potential bear flag pattern). Bear flag price target of roughly $15 would mean a 45% fall from current price. Price target lines up with support levels of around $15 which we bounced off of multiple times in September 2020. We also recently...
No raising rates til 2023. FOMC bullish af. Don't buy puts.
FNGU tracks the NYSE FANG+ Index ans the NYSE FANG+ Index almost always starts a downtrend in mid December, which last until the first week of January when it resumes an uptrend. Since this is what almost always happens, it is safe to assume it'll repeat the same process. So entry into FNGU is idea on the final trading day of the year unless the downtrend ends...
I normally wouldn't post this on SPX but I get the impression there are a few that would appreciate this info and I don't feel like I've contributed enough to this group. Going parabolic is nothing new, finding the top is. That overbought indicator has been accurate 8 months in a row on this stock, going in on FNGD is either going to prove to be a short small...
Let's see where this goes. Maybe a bounce then another wave down.
This is the FNGU ETF at the 4 hour. It's a 3x leveraged ETF for mainly big tech. Well, FATMANG stocks make up over 40% of the NQ - possibly more by now. This is one of my favorite ETFs to swing trade and scalp. The channels are aligned with the NQ channel that I published. FNGU found support at the middle of its channel... just like NQ. I am not sure how far...
AMEX:FNGU Big tech rallying NASDAQ despite on days the DOW & S&P have been red so its hard to jump on the FAANG bandwagon. Considering an entry on the next bullish bounce off the 20 EMA.
10 Dollar$ up and 20 Dollar$ down to see the 200MA or fill some gaps. I think possible if there were 8 days in a week. But what is normal anymore?
Recently, I notice Amazon is overvalue. Massive hiring during this season is normal because they layoff too much delivery force after Christmas. Amazon also ended their relationship with Fedex and start doing more in house delivery fleet. Amazon lost a $10 Billion dollars contract with DoD and try to take it away from Microsoft, I don't think Microsoft will be...
For those who have followed my ideas over the past several months at-least, know that I remained bullish not only in the entire stock market on a broad basis, but US Tech was one of my top picks for continued growth which has deemed correct. I went on to say that 2020 will be a better year from peak to peak growth over the broader markets than 2019 which for now,...
Hypothesis: low interest rates; stable-ish economic data; accommodating Fed; Trump hyping Phase 2/3/4 trade deal and more QE will lead big tech names surging again in 2020 and part of 2021. With the trade 'war' at-least neutralized, this will help keep these big names more stable than what we saw in 2019 and lead the broader market higher. FNGU includes:...
This one is dedicated to all the nonbelievers -- anyone who might doubt the influence of the moon on our everyday psychology and our everyday lives. Anyone who might not see the utility of basic observation and pattern recognition of 'natural cycles' like moonphase. Now some may ask why might tracking the moon work? Well, if you are a patron of mine I have...