MichaelEugen1

MichaelEugen1

Hey all, here's my expectation on AMD; I think this thing is going to backtest the key level which it broke in the low-mid70's before it reaches 58/shr. Watch the gap fill for a bounce level. It's definitely weak, but it's extended to the downside and never gave a backtest.

MichaelEugen1

Hey all, I think the VIX is going to pull back in the near future, but will eventually break out and head higher; the VIX has already been rejecting at resistance here, and I expect it to cool off before we see true capitulation int he stock market. I've noticed the VIX hasn't really spiked despite the market falling to this point, and I don't expect the market...

MichaelEugen1

Hey all, I think we're in a situation very close to 2008 towards the latter half of the bear market where we rallied into a larger sell-off; point is, I expect a rally. For what I'm seeing on the charts, something along these lines makes sense, and provides an alright risk:reward opportunity. Here's my trade idea on the Q's. Rationale: Extended nature of...

MichaelEugen1

Hey all, I've already got an old long position running on SPY at break-even, but I see potential for a hail mary long here with a SL at fresh lows. Even if the SL hits, I still expect a bounce on SPY in the coming weeks.

MichaelEugen1

Hey all, I think industrials are due to bounce and are setting up very similarly to 2008. Here's my long trade idea.

MichaelEugen1

Hey all, I think AAPL is extended to the downside and is likely going to rally in the coming weeks. Here's my long trade idea.

MichaelEugen1

Hey all, I think IWM is basing here; here's a long trade idea.

MichaelEugen1

Hey all, A stocks trader here; I don't regularly trade forex, but I expect the DXY to fall in the coming days/weeks, and for stocks to see a short-lived, near-term bounce. I follow DXY, and here's my trade idea.

MichaelEugen1

Hey all, I am feeling near-term bullish(FOR A BOUNCE), and I noticed that QCOM is at a key support level right now. I expect the level to hold; here is my trade idea.

MichaelEugen1

Hey all, I've been expecting a near-term bounce; I think the trade is starting to materialize, and I'm betting on it. Here's my trade idea.

MichaelEugen1

Hey all, I've noticed SPY has based really nicely off of its June lows and is extended to the downside. I took a long position here; here is my trade idea.

MichaelEugen1

Hey all, I took a long on AMZN. Here's my trade idea.

MichaelEugen1

Hey all, I took a long here on GOOG, here's my trade idea.

MichaelEugen1

Hey all, I took a long on NVDA here off of this base. Here's my trade idea.

MichaelEugen1

Hey all, I closed out of virtually every short in both the accounts I trade on. There is an extremely high likelihood of a bounce, and likely a sharp one in the coming days. This does not mean we cannot go lower first- heck, I closed out of a lot of shorts yesterday as well, but now that we're even more extended, I'm even more so confident that it's a solid time...

MichaelEugen1

Hey all, I bought AMD here. It is the only position in my account and is large size; my cost basis is $72.05. Expecting a short term bounce across the board.

MichaelEugen1

Hey all, If you look at my TradingView posts, I've been very bearish for a while now, and nothing has changed; heading into today, I had zero longs, and was fully positioned short. My price target on SPY was 372, and we're probably going to get there tomorrow. I think there is a strong possibility we bounce off of that previous strong support level now that we...

MichaelEugen1

Hey all, I don't tend to post my ideas on commodities or Forex, but I thought I'd share my two cents on Copper here as I'm playing it indirectly through FCX; I think Copper is going to go lower. I believe this as commodities went parabolic out of the pandemic, but have since distributed and entered downtrends across the board. Moreover, the FED has made it...