LRCX is your next chip rip. Creating huge demand and should dip back to 600 before continuing its trip. Over 627.76 has a big day to 640.47 ahead of it soon. Over that $660 area. Ultimate target is $717. Yes you can quote me. December 31 target for that number.
Overhead supply here on NIO. Will take it a week or so to start eating through it. Watch the rocket ship above 44.27.
Elon selling holdings into strength most likely for another week. Any rally will be sold for this week before she starts up again. That gap below at $909.04 is awfully enticing to fill before she takes off again. There is no doubt the demand at $909.94 will be too much if it gets down there. I would think 942.97 creates a huge support. I will be a buyer at $950 if...
AAPL looking to break-up from 150.38 this week. Most likely fake break-out into a dip back to 146.45 which is your buy for the end of year rally.
IWM will be ready for the next leg up later this week. Stay patient. Once clear of $241.57, looking to get back to ATH. Most likely will rocket through it.
ES is put in a low of 4625 on low volume and created higher highs thereafter into an explosion on Friday late morning. Looking for a gap-up on SPY/SPX into a touch of rejection under 4700. 4696 is my target for tomorrow into a 40 point fade into OPEX. Under that 4660 area is key for bears to go visit 4643 & 4625. 4620 lowest we go IMO IF WE EVEN GET DOWN THAT...
The flow is saying that GOOGL to $3100 by 11/19. I tend to agree. Although she let us down on Friday, GOOGL has been one of our biggest winners to date. A touch of the 8D at 2925 would be a great buy. Would look at the 3000c for 11/19.
NVDA money to QCOM, LRCX, AMAT seems to be the trend here. LRCX is primed fora move to 717 in the next 30 days. We are layered long. It won't be straight up, but it will be such a fun ride.
A date with $270 is in order, but I'm not sure it gets much below that. Could happen by Wednesday, but if $270 hits I will buy a new set of swings as that technically backtests and holds the bull flag.
Liking NIO going into the santa rally. $55 isn't out of the cards, but it has a lot of supply between 42.29 and 55.15. Pit stops along the way in 6-7 different places. Best case is to slice through 44 and get the momo/fomo crowd into it.
All this Elon drama selling shares, followed by Jeffries with a huge upgrade on it. Ultimately 3500 is within reach in a couple of year. $1700 isn't far off. I think a pit stop to fill that gap below at $910 will happen before both. Not saying it happens this week, but I do think 1120 area prints tomorrow. Can go either way with all the news surrounding it.
Backtest of 150 first, then a test of 153.33 area where there is some overhead supply. Not too much to go through but could take a day or two if playing weeklies. Once through 153.33 supply, blue skies to 155.
Same as the rest of the market: Pullback to the 8D, then continue the rip. Confluent with backtesting the breakout area from last week.
Looking for tech to retest the 8D and then continue the rally
SPY is looking for a touch of the 8D at $462.39 which is roughly 4621 ES_F. Would be a great place to long off of. Expecting some weakness the first few days then to go back to the santa rally.
Looking for a bit of a cool off coming into this week. Expecting a touch of 4650 with a stretch to 4640. If a day close under 4650, we may see 4621 get repaired. Looking to buy 4650. If that fails will buy 4621 with prejudice. Aiming for 4752 by next Monday and the Santa Rally to continue.
As we were on point last week if you followed, you made roughtly 212 points with 2 MAE. Nice job. For this week look for a short term top to form. Simple going into todays open and tomorrows RTH open: Beak above ATH and it runs more. Most likely we will see a pullback of at least 100 points by the end of this week to set up the November rally. I'm expecting an...