Well on our way to ATH and looking like 4800 at least by end of year. We may see 4850 even. Had to go through some tough action to get here. Congrats Bulls! Key levels moving forward this week: 4667 - 4686 - 4700 - 4704 - 4712 -4717 - 4723 - 4740
IWM Looking to get back to 226.90 by Friday. Get over there and back to ATH after a few days of consolidation.
QQQ now ready for liftoff! Had its pullback, now the real money going to hide in tech. Watch for ATH coming next again in the next few weeks.
SPY looking good for a reversal moving forward. As long as Friday's lows hold, we should work our way back to ATH over the next 2 weeks. If playing options, I will buy time.
Left text from last Sunday above. Pretty simple, over $232 sees $250 quick. Then onto $262. Quick trip to $300 possible by next week.
NVDA through ATH and it see $360 with no doubts going into FOMC on December 20.
Can't put my finger on NIO. Money that last year would've gone to it as a sympahty TSLA play have move to Rivian and Lucid. I loved this name and felt like $55 was happening. I took some off at a 15% loss as I don't like it unless it gets through $40 and $44 ultimately.
Gap at 1208 wants to be filled ASAP. Most likely tomorrow. Possible ATH test by Wednesday morning. Breakthrough of ATH should come the week after Thanksgiving in America.
AAPL has been re-building for months now. Great breakout of former ATH now targeting 163. The short on this will be epic as well when it decides it wants to retest 157.27
V recovery to start tomorrow. We took off the first 2 of 3 legs at over 200% each. Loaded back on Thursday for end of December. Oh Yeah we're ready for 252.
Nothing on this chart is bearish. You're sill if you're short QQQ or big tech into the holiday season. Rule number 1 in Alpha Traders: Don't do dumb stuff. Being short QQQ over the next 3 weeks is doing dumb stuff.
SPY pretty simple: Get over and close a daily candle over ATH and it runs.
If Vix loses 14.66 mega rally as 11.39 is next area of interest. Sooner rather than later VIX is going to bounce hard. Back to the 30's. Late January maybe?
Choppy week with a tightening range. Santa rally is on after this low volume week. I do expect 4723 to be tested this week, but most likely doesn't break to the upside YET. Am looking at a NEXT MONDAY gap up and go to break that 4723.50 area to ultimately get to 4740, 4752, and 4760. This week we may gap down monday, hang around 4684 and then go test that 4663.25...
Looking at $130 as the target going into the santa rally in december
I keep having to draw support lines lower - that's not good. $264 is my bottom of the barrel buy and I'm layered in calls. When ROKU guys, she goes. Problem is...did they shoot themselves in the foot by not adjusting their core businesses for a post-covid world?
With Zombie Faces Company changing its name, its been getting some momentum. Strong day Friday (we have December calls) and looking for continuation into this week. It could be an outlier to a pullback market. Has some supply over its head up to 346.77. Over that could be a nice 10 point pop and some gaps to fill above. $375 by mid-December? Very Very possible.
GOOGL should hit $3000 this week. Will cover some calls for end of month around there to take some off table. Otherwise lets see it rip after OPEX.