Here’s another look at the NASDAQ set-up I’ve been posting.
Right now prices have moved to the middle, and have slowed their decline. Should the middle give way, see you back at the lows.
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Saw that extreme high tick at yesterday’s open as I was heading out the door, one day I’ll learn to blindly act when these occur
Institutional selling and tax swaps in play today.
That Naz chart could also be a megaphone pattern in the making, about to broadcast, “get the fuck out!” ?
The last 5 of these resolved higher in the last 5 years…but surely you knew that.
How about Russell? Similar pattern?
No, not on that time frame.
I know that I can’t always count on what has been, boss.
The timing of your cameo’s have been dependable though.
So kind of you to point out how dependable I have been.
Your timing was not so good buying the NQ the day before it was down 72 points. Are you still in it?
I broke even. Ain’t that a peach?
Nice.
The poll was bang on. AHWOA shows our wisdom. 😀
Long GDX / NUGT at $20.8 / $7.9. Very similar pattern setup to JO back in 2014. I think we’re at July 2014 levels for GDX / NUGT
You know what I call this?
A megapwn… lol
Grabbed some QQQ’s for tomorrow and next Friday here.
Three tickers that interest me: $MTW (absurd profile, but needs to come in), $ERJ, and $BV (which may need to consolidate some) in that order.
Wow. Bloodbath out there today
You should have bought
Bloodbath in TWLO again, right?
Ain’t that the truth. Prob going into the teens. Who knows
Day 3 Rally for oil tomorrow
Looks like the Nasdaq is about break here – I am thinking up…
Bout some yolos in NFLX, AMZN AAPL and TSLA
OA: No rush but could you email me a chart of buy and sell points on airlines. Air Canada seems to want higher but it seems to hit a ceiling and then push back hard. I’m fine with seeing any similar U.S. airline. If you are busy with the boot camp I can wait.
Have a great weekend Jeff.
Long $ERJ calls. Bought some time. I am a fiend for Brazil. All the time. If I could refrain from buying Brazil and Homebuilders I’d be a very wealthy man.
The trouble is that I made so much fucking money on $ABEV the first time I bought it (when I had no idea what the hell I was doing) that Brazil is like a 2nd home to me. First grand slam I ever hit.
Looks like market is at a point where we could get a fast move….seems like there is a seller here that is about to give up
Day 4 rally for oil coming on Monday. We will see a grind higher much to the chagrin of bears. Chase begins soon.
Structure on the QQQ’s looks ok to everyone on the daily, right? Staring at my $116’s, and was looking for $116.50. Everything looked okay to me but I very rarely watch a daily timeframe so I’m trying to learn.
*1-day chart, not daily chart, that was incredibly misleading
noticed blog participation seems to be picking up again, not a lot shots fired but seeing some interest at least.
gotta stay long going into next week. I will be holding my NQ and all other positions. The story next week could well be gold and silver. Firstly they are down massively and I think the dollar has topped in the short term. It’s probably still not too late to pick up some gold/silver here as the dips may well be shallow.
What if the fear heading into the Italy vote, as evidenced by higher GDX, fades?
gold is up because of the reasons I mentioned above. Italy news is a snoozer not a market mover.
setting up for a nice close if 4730 holds in the NQ
Long MAV, VNQ, BIDU, TTM
Any suggestions for bond funds (other than MUB)?
Next week NFLX calls
That said – this week it has traded like “someone knows something.” It almost broke out Wednesday – then tech was weak – and then it broke out today anyway.
It traded like someone knows something.
I am someone, and i only know one thing for sure, that in the long run everyone is dead…
So there you have it… youll be dead in the end regardless of what happens.
Change your reply to “I only know one thing. I’m the man and I make great trades” and through confidence – your trading will grow better : )
Will TWLO break up or down next week….volume is tapering off, something has to give here.
Guess answer is down. 3% reversal already
AAPL yolos.
Still like TSLA for a fast move ahead. Do or die.
History of fast moves above 190. Overhead supply is significant but so far hasn’t acted as a barrier. Consolidating downward in falling wedge since April. 25+% float short.
2014 high was on lower volume rather than the climactic spike like in Gold in 2011.
If TSLA doesn’t catch on soon the overhead supply may start to weigh. Until then my bet is higher.
GPRO only if you hate your money.
Nflx or gpro anyone?
WTF happening to Bio?