MichaelEugen1

MichaelEugen1

Hey all, I think this is a good ETF to keep an eye on. This thing will most surely drop based on its chart, and I see no fundamental reasons why lumber stocks should rise. I am waiting for SPY to reach $389 to short this name; I perceive this is a very safe short.

MichaelEugen1

Hey, I'm watching XME for a short. This setup presents tons of shorting opportunity, IMO. I think when SPY reached $389, this name will be primed for a large sized short; I like how many of the names in this sector look, I think commodity prices are going to drop, and I think XME will drop alongside it. Here's my trade idea and predicted move.

MichaelEugen1

Hey all, CAT has rallied. I think it is a dead cat bounce, and this thing will eventually go lower. I am simply waiting on SPY to reach $389 to short.

MichaelEugen1

I think we're repeating June, and it will play out as close to 1 for 1 as it gets. I'm waiting for a breakout above today's high of 387.5 to ~389. Theoretically, one could have shorted this morning and it would have been a very solid trade- I'm doing my best to be patient and trying to time the very top on this move. I don't think we've seen the top just yet,...

MichaelEugen1

Hey, I think XRT drops, and significantly so. I'm not shorting yet, but I'm posting my idea ahead of time. I WILL short this when SPY hits $390

MichaelEugen1

Hey, I think M drops, and significantly so. I'm not shorting yet, but I'm posting my idea ahead of time. I WILL short this when SPY hits $390

MichaelEugen1

Hey, I think CRWD drops, and significantly so in the near future. I'm not shorting yet, but I'm posting my idea ahead of time. I WILL short this when SPY hits $390

MichaelEugen1

Hey, I think DE drops, and significantly so. I've made posts on this name before, and it has held up better than expected. Sincerely doubt that will last. I'm not shorting yet, but I'm posting my idea ahead of time. I WILL short this when SPY hits $390

MichaelEugen1

Hey, I think ENPH drops, and significantly so. I'm not shorting yet, but I'm posting my idea ahead of time. I WILL short this when SPY hits $390

MichaelEugen1

Hey, I think AMAT drops, and significantly so; this will make new lows. I'm not shorting yet, but I'm posting my idea ahead of time. I WILL short this when SPY hits $390

MichaelEugen1

Hey, I think MOO drops, and significantly so. I'm not shorting yet, but I'm posting my idea ahead of time. I WILL short this when SPY hits $390

MichaelEugen1

Hey, I think MGM drops, and significantly so. I'm not shorting yet, but I'm posting my idea ahead of time. I WILL short this when SPY hits $390

MichaelEugen1

Hey, I think FCX drops, and significantly so. I'm not shorting yet, but I'm posting my idea ahead of time. I WILL short this when SPY hits $390

MichaelEugen1

In my eyes, there are virtually zero reasons to be going long up here. All we've done to this point is bounce in a downtrend, virtually repeating what happened from March 29 to June 16(marked up the chart to help you guys see the similarities in the moves down). Soon, we're going to meet resistance at SPY $390. Is it possible we go above it? Sure, I can't...

MichaelEugen1

I don't see one plausible reason that convinces me the stock market has seen a bottom. In fact, I think we are very far from seeing a bottom, and I think that November should make that very obvious. You look at indices and names within them, and they simply look terrible. Everything looks like a bounce in a downtrend, and that is all I believe we are...

MichaelEugen1

390. I've always said it, and I still expect it; it is possible we don't reach it, and I have a scenario drawn out for that, but I don't think that plays out. That being said, I think risk:reward up here is depleted. If you're not long already, I am of the opinion you've missed the move. We've bounced ~9% off the lows, and even though I think we inch higher,...

MichaelEugen1

Hey all, I started a TQQQ and SOXL position here. I'm already long, took a little off in the morning on the rally, and added it all back just now. I am of the opinion that this is a buyable dip. Here's my trade idea on the Q's.

MichaelEugen1

Hey all, if you were to look at my portfolio right now, you'd probably be surprised at how much my allocation is shifted towards semiconductor names like NVDA, SMH, AMD, AMAT; I look at all these charts and see nothing except for upside in the near-term. Names are all overdue a significant bounce and are basing as I write this post. In my eyes, it's a matter of...