Trading Notebook: $VIX $BA $AMD $ROKU
$VIX breaking rising trend-line. Bears in full control of another volatility crush. Declining resistance on $BA broken today. Declining channel in $AMD. Room to run, but watch for a potential [...]
FOMC Statement: November 1, 2023
Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply [...]
Trading Notebook: $MSOS $VZ $ELF
Major support where $MSOS is attempting to bounce higher from. Any play to the upside is worth being aggressive with profit taking. $VZ pushing up against two significant layers of [...]
Trading Notebook: $SOFI $VIX $RIVN $XLF
Despite a double beat, $SOFI was unable to push through declining resistance. $VIX giving up a lot of its gains from the past three days. A break back below support [...]
Trading Notebook: $F $XLF $GOOGL $CVX
Long-term support on $F broken today. This is a scenario where trying to guess at where support might loom is not worth it. Best to let the stock start to [...]
Trading Notebook: $MO $SAVA $LLY $IWM
$MO getting steamrolled post earnings, but may find some support here off of long-term rising trend-line at $36. A lot of chasing taking place in $SAVA over the last two [...]
Trading Notebook: $SOFI $VIX $META $COIN $URA
$SOFI Possible bullish wedge trying to form, but with price testing support, could be setting up for the next leg lower, which has very little support until sub-$5 Big move [...]
Trading Notebook: $MARA $SPOT $COIN $XLE
$MARA hitting up against some short-term resistance. Should it break through watch old trend-line resistance. $SPOT tested rising trend-line on Monday, and following earnings, had a strong bounce. Break July [...]
Trading Notebook: $T $COIN $TLT $RIOT
$T getting resisted by heavy resistance above. Now filling the gap, look for whether it can find a bounce opportunity off of rising support from July lows. $COIN nearing some [...]
Trading Notebook: $GLD $PYPL $FDX
Incredible run for $GLD of late, but on the weekly chart be aware of heavy multi-year resistance that looms just above $190. If it can break through, that is huge, [...]
Trading Notebook: $TNX $SOFI $XLV $LRCX
$TNX pushing through resistance here. Significant resistance breach, and about to hit 5%. $SOFI Price breaking back below major support levels. A significant market sell-off could take SOFI back below [...]
Trading Notebook: $TSLA $CBRL $UAL $ORCL
That is a ton of put buying going on with $TSLA today. Still not a reason for me to play earnings though. Rising trend-line on $TSLA beginning to break down [...]
