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QQQ Forming a Bull Flag Headed Into NVDA Earnings
QQQ is forming a bull flag right below resistance as we approach NVDA earnings. There is the potential for QQQ to form a bullish breakout here, which would imply that NVDA beats earnings. Keep your mind open to the different possibilities to avoid getting wrecked with volatility. I haven’t been able to get a good […]Read More
HOLO Loses Support at $0.41
HOLO has experienced a lot of downside since the dilution news was announced on Friday. HOLO just lost support at $0.41 and is continuing to decline here. We can see a periodic pattern of down, sideways, and down. Not looking good for HOLO here, the next key support level is $0.28 and HOLO is at […]Read More
Pattern of Alternating Days Continue For NVDA, S&P, & NASDAQ
We continue to see a pattern of alternating green and red daily candles headed into NVDA’s earnings announcement. Today is the big day, and NVDA will announce earnings after the market closes. There is a lot of FUD surrounding SMCI headed into NVDA’s earnings announcement. Within the first 30 minutes of the day NVDA is […]Read More
SMCI Delays Annaul Report & Raises Fraud Concerns
Yesterday SMCI was accused of fraud, but the claims didn’t seem too believable without any evidence. Today SMCI announced that they are delaying the announcement of their annual report, which is raising some red flags that there are some concerns about fraud. SMCI opened the day with a bearish gap lower, and is trending down […]Read More
PDD Drops to Lowest Price Level Since Nov. 2023
This week PDD reported strong earnings despite a slight revenue miss. During the earnings call there was a lot of bearish sentiment about future revenue, which led to a sharp selloff for PDD. Currently PDD is trading at the lowest price in 2024, and price levels not seen since Nov. 2023. I think PDD is […]Read More
SPOT Trading Within a Resistance Zone
SPOT has experienced an impressive rally since bottoming out in Dec. 2022. I think SPOT has reached resistance here, and is likely to trend down in September. This looks like a good options puts trade setup. Most stocks are seasonally bearish in September, we can see that the seasonality trade looks bearish for SPOT. Follow […]Read More
NFLX Showing Strength Near All Time Highs
NFLX is also trading near all time highs, and is experiencing some selloff in this white resistance zone. However, NFLX still looks pretty strong, and the seasonality trend isn’t too bad in September. I think NFLX is a stock that can continue to perform well. There may be some downside in Sept, but I wouldn’t […]Read More
IWM Deviates Away from the Alternating Days Trend
IWM is trending for a red day, and is deviating away from the pattern of alternating days. I think there is still time for IWM to rebound and close green. However, for now IWM is experiencing a -1% decline for the day. IWM also opened with a bearish gap lower to start the day. IWM […]Read More
The Trend of Alternating Days Continue for NVDA, S&P, & NASDAQ
There has been a recent trend of alternating days between one green and one red daily candle. Yesterday I discussed this trend for NVDA, SPY, QQQ, and IWM. Today the trend continues as NVDA is trending for a green day. This trend suggests NVDA will close green today, and is likely to close red tomorrow […]Read More
HOLO Rebounds and Holds Above Support
Yesterday HOLO raised some concerns with a sharp selloff below the yellow descending wedge pattern. Today HOLO has formed a bullish rebound and is holding above the $2.60 support level. I think HOLO needs to announce some news and give the stock a reason to go on a rally. The next few trading days will […]Read More
China’s Hang Seng Index Remains Neutral
Chinese stocks experienced a strong rally throughout the month of September, but have been quiet and neutral throughout October. The Hang Seng Index continues to trade below the $21.1k resistance level, and I think we can eventually see a move higher. For now $21.1k is a key resistance level that needs to break for HSI […]Read More
VIX Facing Resistance at $22
The VIX has shown bullish momentum over the past few days, but is trending for a red day today with resistance at $22. I would carefully monitor the $22 resistance level here to see if the VIX flips resistance into support. For now it’s looking like a rejection at this white trendline. I think the […]Read More