chakri12

chakri12

Thank you for reading. *Just an opinion

chakri12

Green zone continues to be a strong support region and breakout from it will trigger a big run-up. INO is yet to catch-up to other vaccines both in terms of vaccine timeline and price. This will probably be a long term hold for 2+months to have any good returns. Good entry will be 8.4-9. Thank you for reading *Just an opinion

chakri12

Moderna seems to be trading in a channel and respecting the trend lines as support and resistance. Break below the TL1 will be a short sep-up with a primary target to 111 and below. If the bounce holds we can see a run-up to the TL2. Thank you for reading *Just an opinion

chakri12

Related tickers SPX,SPY SPY in an upward channel after Friday's sharp sell-off. Anticipating runup to ATH or to make a new ATH before the end of January. Will most probably see a correction in Feb following the seasonality after the Election year. Good buying window was Friday when the RSI fell below the lower band. Still has room up but should be cautious with...

chakri12

Have options with enough time for the trade to play out. Thanks for reading. **Just an opinion

chakri12

Maintaining a bullish stance on the S&P500 as it makes an all-time high. As anticipated, stimulus hopes are whats driving the markets in the last few trading sessions. Target for the immediate term (next 6 trading days) is 375. Macd is bearish crossover seems like a false sell signal and the RSI is looking for a run up to the red line. Bullish till after the...

chakri12

Shades of red indicate resistance Shades of green indicate support. Fading optimism and extreme bullishness among investors is making for a fragile market. Statewide restrictions are happening sooner than later. Personally leaning towards the bullish case as there will probably be a decision on stimulus by EOW. Thank you for reading **Just an Opinion

chakri12

T1- Profit target 1 Monthly calls Weekly puts. Anticipating a reversal based on hourly RSI. Thank you for reading. **Just an Opinion

chakri12

Stimulus process will be the main catalyst to move the markets in the week ahead. If you are wondering how the market finished at another ATH even after disappointing jobs report it's because the jobs report reemphasized the need for additional stimulus putting pressure on lawmakers and investors see this as a positive catalyst for a probable deal Rising number...

chakri12

Related tickers - SPX,SPY. SPY gapped up above a major resistance area today and there don't seem to be any strong resistance to watch from now on. I am estimating a run up to 377+ (at best). The bull case is stronger in the short term (for the next 3-4 weeks). Bull case- Extreme optimism, Vaccine availability, Stimulus, December rally, Tesla inclusion. Bear...

chakri12

Related tickers - SPY, SPX Bounce off from 359 support level. Assuming it will close above the support going in to remainder of the week. No confirmation on the Bearish trend yet as today's sell-off is mostly seasonal. will look for short trades if the 359 support is broken will go long otherwise.

chakri12

Key zones on SPY

chakri12

Related tickers: SPY,SPX. SPY is running into a confluence of two major resistance regions. A breakout and hold above 365 will determine if the Index makes a new ATH (which looks most possible at this point) I am assuming SPY to make an ATH going into December and fall back into correction by the end of December or in Jan. A break above 365 is a good long entry...

chakri12

Related tickers- SPY,SPX SPX closed in the red today as anticipated but the volume is relatively low and not as high as I would like. If you pay attention to the volume on 17th & 18th Nov and the manner of sell-off (mostly at the end of the day) we can see that professional traders got out of their positions. dumping positions on each leg up A handful of traders...

chakri12 Updated 

Related tickers - SPY, SPX Plenty of support levels for SPY to bounce from. If it does we can easily hit new ATH. If the support fails to hold. the move down will be much more intense. I am expecting green on SPY tomorrow with a relatively low volume. if that happens expect a big red on Friday. Technicals. Bearish crossover on the Stoch RSI. increased interest...

chakri12

The move today was impressive and it looks like the SPX still has room to run. The index is forming new supports (Previous resistance) at 3587 that is held pretty well today. In my post on 05 Nov, I mentioned that the daily MACD bullish crossover may be followed by a 200 point jump in the SPX. I expect a further 100 point jump from the current levels. I am...

chakri12

I was anticipating the price to break below the S1 support level on Friday(13th Nov) but the bulls held their ground and were able to close above the support level but still failing to break through the resistance. There might be another attempt to break out of the resistance on Monday and even on Tuesday. Even a sideways consolidation will point towards an...

chakri12

All major indices gave back most of the gains from the vaccine rally. The 3500 support level will likely be broken tomorrow on SPX. The gap down may also get filled. Rising covid infections and their effect on economic recovery may drive the market tomorrow. Thank you for reading. **Just an Opinion