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The FED remain to be hardnosed on raising rate, recession seems inevitable, and the inflation is still not under control. I am seeing more down side for the SPY next week. Hopefully we see the bottom near $345 and have a nice rebound back from there. If we see the bounce back from $345, there is a chance that will be the bottom going forward.

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The CPI released Friday was worse than what I expected, seems also surprised the market. We saw a big drop on Friday, and probably not done yet. I sold most of my long positions by June 8 since I sensed a drop incoming and was hoping June 11 will be a bounce back day such that I can re-enter for long. But the drop was much bigger than what I was expecting and...

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The fact that we touched SPY $380 intraday on May 20 seems like a distant memory by now. We have made it out of the bottom, reached a local high, and I think next, we are about to make a local low such that we get a first higher low in this uptrend. I think we will edge down to $403-$405 in the next few days and start to go up again after Friday's CPI data. ...

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ZIM just broke the bottom trendline in the daily chart with heavy volume. I think we will see the price drop further towards $51 then bound back to near $75. So potentially we have chances for a swing short down then a swing long up here.

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Continuing update on my last post. We did breakout of the daily chart downward channel with confirmation on May 26. I think we might continue to go up for the next three to four weeks. A few notes in the chart: • We built a solid bottom near $388 in the last 2-3 weeks. • Confirmed breakout of downward channel on May 26. • May CPI release on...

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I think the general trend I am seeing in my previous post regarding a SPY relief bounce is still valid, but in need of some updates. So here you go. May 19 we made a double bottom with the previous low on May 12, that looked nice and May 20 did indeed opened higher. But May 20 turned out to be one of the most volatile day I have seen in a while. I'd like to...

soldenal Updated 

I think the short term bottom of SPY is in today. We bounced off from around $387, which is so very close to $384 (at which point we are in technical bear market). So we are in bear market, sort of, but not quite, go figure. I think we will follow through higher from here for another 2 days. Then we might break the downward channel and breakout the 3rd day or...

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AAPL has a strong support near $145 and demand zone between $145-$150. The market is due for a relief rebound as well. As the market leader, AAPL will need to lead the bounce. We will probably see a one-two week streak running up to $168-$170 from here.

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I am still holding my double bottom bounce thesis here since my last post. A lot of people is betting on a crash on Monday, after Friday's brutal red day. But I think a crash won't happen. Adding to my bull thesis is the fact that the GDP has gone to negative (-1.4%) already. And AAPL/AMZN ERs kinda sucked. That will change some minds at the FOMC. This is an...

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After the last three days of falling consolidation, and the fact that META(FB) has a beat that encouraged the market, I think we are very likely to bounce off from here. Tomorrow's AAPL ER is likely to be a beat in my opinion, because this ER season all of the companies that have no social networking components all did fine. We will then continue to go up higher...

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Looking at NVDA's monthly chart together with its PE ratio chart, I think the stock is due for a rebound really soon, maybe next week. The red circle in the bottom 1/3 of the chart indicated the current PE and a line of where it might rebound.

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My last post regarding SPY going down was a bit pre-mature. Personally I bought the short term bottom on April 17 and 18 and exit my swing long positions early this morning. The reason for the entry last week was the reversed head and shoulder on the daily chart. I am glad with my decision to close my positions this morning. It would be a brutal day if I am...

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The quick rally of last week was quite impressive, but what I see is still quick-rise-slow-drop type price action, which is a typical bear market behavior. Therefore I feel my bear market thesis is actually validated and expecting to see a drop in the coming week. But this market looks like a weak bearish trending market, so even this time we might not dip below...

soldenal Updated 

It is easier to see this from SPX monthly chart. The top trend line since 2009 was breached last few years due to a lot of money being printed. If not for the money printing, today SPX should be at about 3400. Now the monetary contracting cycle is starting, I think SPX is heading towards its 50 month moving average line and probably dip a bit below it. I am...

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Adjusting my previous projection on Mar 7 2022. I think the stock will consolidate near $70 for a bit. It seems we have hit the short term bottom today. I personally picked up some warrants (DWACW) around $15.5 today. The warrants are a very good value right now. Towards the end of March, the roll out of Truth Social might demonstrate itself to be in good...

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Bounced off the trending line today (03/07/2022) on light volume, possibly another move upward above 100 incoming.

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I have posted on Feb 3 that SPY likely will go towards 400 (didn't meant it will reach 400 in that post). We did make intraday low of 411 on Feb 24. That post was here: Updating today. SPY will likely get its death cross around Marth 16. It appears we might be in a falling triangle and SPY should probably bottoming soon near 390.

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Good value, not enough growth. This name might be in a range for a bit until taking a uptrend later in the year.