DerekD_

DerekD_

Haven't been a fan of financials in longer than forever. Now nor even back in December would I have bought any of the financials - esp since most of the setups were just too broken/ugly. Sexy ass candle though, surprised I got to this one right after first candle to see a breakout lmao. Solid upside potential long term after this little triangle breakout though....

DerekD_

Two ATH's & a -20% bear market well within a full trading year - definitely one for the books. Outperformance of tech recently is as obvious as it was last year when $NDX was first major indice to get back to new ATH's. Either an A+ time to get short or just the start of another overly-bullish type phase to clone 2018

DerekD_

For me, and only using 2018 as a reference - the financials have 100% been a leading indicator for the market. If you don't agree - you can peep my $GS post from August 2018 because there really isn't an argument. Seeing as each chart I've looked at has just about the same correlated pattern - just decided to post the one with the best R/R. Without even...

DerekD_ Updated 

Lemme get this in before the day starts because realistically - if you're short, save yourself the time and either hedge or just get long and stop being so fucking annoying. A long time I went with either getting burned while everyone was bullish - & it's just ironic how sentiment is probably the biggest lagging indicator in the market to be used as a "helping...

DerekD_

As difficult as it's been to even find something worth getting long on - it was easy deciding once I saw this chart. I'm not emotional when it comes to a nice/ugly looking chart - so I couldn't tell you when earnings is nor what's going on in the company internally but for the time being - there's plenty of room to run on this. Feel like I found it in a perfect...

DerekD_ Updated 

Typically, I leave the technical explanation for last when I post an idea. Mainly because there's always a different perspective of TA with the bias of someone's bullishness / bearishness on the market, but also because it'd be a waste of space to type out my own TA for each chart since....... it's the same for every chart lmao. THE most accurate charts I've...

DerekD_

Idc if this mf surges to $375 tomorrow for earnings - yellow line is your line in the sand. NOT shorting until we reach that yellow line my guy

DerekD_

See title for further description

DerekD_

Calling the top for this one. Healthy rally in an unhealthy trend. But a spot on-crystal clear type of top pattern I'd definitely recommend getting in on anywhere within the $105-$106 range. Anything above the first resistance trend-line I'd be somewhat quick to let a stop loss run its course.

DerekD_ Updated 

You know back in September I felt crazy for feeling crazy for calling the tippy top of the market on a specific day (literally. 25th, check $GS post). I knew the reaction to a post-market "correction" (-1% away from bear market but who's counting) would pretty much define the rest of the process. To be bullish NOW is as risky as being bullish back in September. &...

DerekD_ Updated 

You know after this past week's rally - I was more than surprised to see it be led by financials. I'm more bearish on the financial sector than I am every other sector combined. Even without the bias - everyone has a "dip" they can justify buying regardless of the PL it makes - typically, when one sector makes a new 52 week low 3 times within the past 4 months -...

DerekD_ Updated 

Son there's something up w/ the market with the types of charts I'm seeing. I wouldn't consider getting long on SHIT until after today. 6 months I've gone without seeing any familiar setup that gets chewed up & flushed out just to stage a fake rally but - there must be some type of life in the market if I find 3 breakout ready ass setups without even trying to...

DerekD_ Updated 

My $AAPL posts tend to be 40/60 (not in my favor) - but this one is a bit more simple. The 20-50-200 "death cross" to me is over-rated, because in a market as bullish as this one has been, there's too many speculators that seem determined to keep price above certain levels to avoid the most overly-used technical indicators to meet. With the exception of 2006,...

DerekD_ Updated 

0% DD on this company at all - no idea what sector it even belongs to. Either this chart is sexy as fuck or I'm boutta be A-ok losing alotta $. Yellow line marks a big move, (I'd say up but, could go either way) - $92 PT

DerekD_

MY FUCKING MANS, IF THIS ISN'T THE BOTTOM THEN I"M STILL COOL WITH TAKING THE DISCOUNT @ $115. NO OTHER COMPANY IN FAANG IS AS PROFITABLE WITH THE ABILITY TO FUCKING PRINT CASH WITH SUCH A MINISCULE AMOUNT OF DEBT. IDK JUST ME THO I'M ONLY 5/5 ON FB CHARTS

DerekD_ Updated 

No need for technical explanation. 200% - 223% fib ($56.$58) A1 target price.

DerekD_

If you like taking candy from a baby - this one's for you. $CRMT earnings this week could put a dent in a new 52 week low - we'll see how the rest of auto-dealerships hold up though. Could get interesting

DerekD_ Updated 

DUMB excited I actually found something I could get long on & not have to worry about sitting on it. I'm one of (maybe a handful?) of people that will actually describe how/why oil has the potential to see $100 (more-or-less, but potentially more) a barrel. This one is interesting, so it deserves a lecture. To start, the price of oil is less of a market...