retailmonkeybrainz

retailmonkeybrainz Updated 

OXY is very extended relative to its moving average ribbon. But the breakout looks promising for a long. Look for consolidation for a few days or a pull back to its 13 EMA to enter long on the the multi year breakout. I traded the fake breakdown on a recession signal a few months ago and now its time to trade the possible breakout on more inflation! To be clear...

retailmonkeybrainz Updated 

The daily time frame trend has flipped bullish and is above all its major moving averages. On the Friday selloff price found support at the 200 day. The slope of the major moving averages are still declining or neutral. On the weekly time frame the trend is still decidedly down. Price has remained below the 48 weekly EMA its entire history except for a brief fake...

retailmonkeybrainz Updated 

A classic divergence on the daily stochastic mixed with insider selling ($4.5 billion) equals a possible local top. That it. That's the thesis. Keep it simple. Using Jan 25 Puts @ $61.67 for $4.25 a contract. This is very cheap. A run of the mill 10% correction yields a 100% gain at expiration. Hopefully much more If the divergence plays out and this is a local top!

retailmonkeybrainz Updated 

Thesis: Bearish momentum on the daily and weekly stochastic. Closed below the 48 day ema, MTD, and YTD Anchored Vwap. Trend on daily ema ribbon has fliped bearish. However price found Support on -1 monthly ART level so I wouldn't be surprised to see a bounce. If it bounces back to the daily ribbon and the bearish moment is still in tact sell the rip! I will be...

retailmonkeybrainz Updated 

This is a heavy retail stonk and I've seen a lot of tratooors calling top because Alex Crap was calling shorts coke heads on CNBC. Now we have a classic head and shoulders. Could it be a trap? IDK but it regained the 50 ma today which could act as a launch pad. Worth a long above the neckline and 50 MA to 24 ish. Then a call trigger on ATRs may justify more. I...

retailmonkeybrainz Updated 

The only purpose of this SPAC is to legally steal money away from shareholders. After 15 minutes of reading I found some pretty abhorred stuff. The dilution will be epic. Here are the highlights: "As of September 30, 2023 our cash, cash equivalents, and marketable securities balance was $267.0 million..., we expect our strategy will require us to consume a...

retailmonkeybrainz Updated 

Textbook Head and Shoulders and bearish momentum on the daily stochastic. Short down to the YTD Anchored VWAP in purple. Looks good for a trade or a good entry for a long term fundamental short. Obviously there's no value up here.

retailmonkeybrainz

Starting Dec 27th the 10yr yield is up to ~4.2% from ~3.8 TVC:US10Y . DXY has risen to 101 to 104. TVC:DXY Meanwhile the indices have continued their push to ATHs. If the divergence were to correct the S&P could see a 5% correction. Setting a stop just beyond the top bull channel trend line (orange). 1'st PT is the mid channel trend line 2nd PT is the 2022...

retailmonkeybrainz Updated 

Possible bear flag since the Bear Cave short report. Daily stochastic is bearish and the weekly is rolling over. Buying deep in the money puts with an exit a few points above the 20 day moving average or a bullish stochastic switch.

retailmonkeybrainz Updated 

ASTS is off its lows by 100% with a large negative divergence on the daily stochastic. It's also up against a long term trend with a rather bullish looking candle. I'm looking to short any breakout above the trend and let the divergence resolve. Additionally, the company is running low on cash and funding is in the works. Raising cash is usually bearish.

retailmonkeybrainz Updated 

OXY is testing two important lines. The medium term trend from covid reopening and the bottom support of a large wedge. If these levels are broken to the downside I'd expect a crash from current oversold conditions within the next few months. This would coincide with rates falling off even further and unemployment rising. However, the weekly and daily stochastic...

retailmonkeybrainz Updated 

I have a feeling the chop zone is going to end by Monday. The negative divergence on the daily stochastic suggested it will break down not up. First target is 28. Second is 26 for gap fills