Exciting earnings coming up this week for WMT. High chance a negative reaction as the expectation is very high from the market. So even if beat EPS and Rev well, might not be a big move upwards. The recent high comes also on the back of wave 5 of a bullish-5-wave. A correction a-b-c might be coming up. Where will (a) form? Plenty of opportunities. One of my key staple counter in my portfolio. Time to accumulate more! Personally I would love a chance to average up at 59 to 60. Average cost currently at 50. WMT Daily - 11 Aug 2024 $Wal-Mart(WMT)$ @macroB @Deposit
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Blockbuster 4 - MSFT, UNH, VEEV, META
MSFT Bullish - I look for consolidation between 424 and 440 and see if it holds above 424 Bearish - Break below 405 and we are probably seeing the wave C down to 360/366 Leaning towards Bearish for me. A holder of shares. MSFT Weekly Chart - 21 Sept 2024 UNH Note - Multi-year range of value 450 to 560; Recent break out of range resulted in the formation of wave 5 Bullish - Stay above breakout level 560 and form wave 5 up to 676 Bearish - Break back into range below 560, looking at 503 and then 450 Share holder since 450. Might liquidate if break back into range. (often called look above and fail) UNH Weekly Chart - 21 Sept 2024 VEEV Note - 2-year accumulation range between 165 to 232 Bullish - Finally break 232 and stay above? If so, target 267 and 300 Bearish - Rejected
Blockbuster 4 - MSFT, UNH, VEEV, META
WMT earnings this week! Opportunity or Bust?
WMT earnings this week! Opportunity or Bust?
Opportunity for MSFT
Trending - Monthly shows a key higher low possibility at 340 - Fib retracement extreme bearishnesss of 1.618 also points to 340 - Near term Fib 38.2 points to 370 and 61.8 points 310 and Fib 50 points to 340 - Love the accumulation possibility between 370 down to 340 and then 310 if it goes that low JCT impact - Above thesis coincides with a potential cool CPI coming week leading to even greater pressure for 18 Sept rate cuts leading to Japan Carry Trade unwinding. Being as patient as I can be. My golden opportunity to load up on MSFT. Been a long time wait. Good luck, all. MSFT Monthly - 11 Aug 2024 @macroB @Deposit
Opportunity for MSFT
Simple look at SPY coming weeks
Is this a rally or is it not? Much talk coming weeks will be whether the current rally will hold. Bull trap in the making? Turbulent Sept/Oct? Plenty of thesis and grand references, but i will stick to simplicity. A correction up to possibly fib 38.2 and then dump for an equal or lower low for the full c wave formation. Note CPI coming week! Good luck, all! SPY Daily - 11th Aug 2024 @macroB @Deposit @CaptainTiger @TigerStars @Melson
Simple look at SPY coming weeks
Get ready for a TSLA ride!
- Bounce will be met by sell demand - Any attempts to test 232 and fail, would mean a breakdown - Nearest target is 219 first - Looking for some reversal price action when it reaches the key levels of 178/181 Brace yourselves, everyone. TSLA rollercoaster incoming. TSLA Daily Chart - 4 Aug 2024 @macroB @Deposit @CaptainTiger @TigerStars @Melson $Tesla Motors(TSLA)$
Get ready for a TSLA ride!
High chance (2 of 3 scenarios) is a bounce but...............
Scenario 1 - Outright further collapse to Fib 61.8 Scenario 2 - A bounce to fill the gap and any rejection there (look for head and shoulder liquidity grabs) to drop it to Fib 61.8 Scenario 3 - Bounced higher to the last key liquidity levels (around 549 for SPY) before further down to Fib 61.8 again Bigger Head and shoulder play out goes to about 519 (between Fib 61.8 and 78.6) Bearish times ahead until bulls start to show themselves. Any counter rallies will be met by sell demand for now. Personally, trimming positions. SPY Daily and Hourly Chart - 4 Aug 2024 @macroB @Deposit @CaptainTiger
High chance (2 of 3 scenarios) is a bounce but...............
MSFT - Bounce to 430 and Head and Shoulder?
- At Fib 78.6, MA200 line now - A bounce will bring it to between 424 and 430 (424 was the post earnings high) - A right shoulder might be formed then - A head and shoulder playing out would mean a target of between 341 and 366 I am a nibbler from 405 downwards MSFT Daily Chart - 3 Aug 2024 @macroB @Deposit @CaptainTiger @TigerStars @Melson $Microsoft(MSFT)$
MSFT - Bounce to 430 and Head and Shoulder?
AMD - Good setup for upcoming earnings
Good earnings response - Bottom of 133 is in and a move up and form the right shoulder off 153+ and go upwards ==> Good to look for the right shoulder! Poor earnings response - My preferred (which would create a good opportunity) Will provide an excellent opportunity to load the truck at 121 down to 102! Good setup for the future. Bullish next few years. AMD Daily Chart - 28 July 2024 @macroB @Deposit @CaptainTiger @TigerStars @Melson $Advanced Micr
AMD - Good setup for upcoming earnings
NVDA Repeat? - This time is different?
If you think it will be similar, then the pullback is in and we are about to bounce upwards! If you think this time is different, then pullback might be to fib 61.8 which coincidentally is 100 and gap fill down to 95 I'm leaning to the latter as it would be a great opportunity to nibble. My puts strike are there too. NVDA Daily Chart - 28 July 2024 @macroB @Deposit @CaptainTiger @TigerStars @Melson $NVIDIA Corp(NVDA)$
NVDA Repeat? - This time is different?
TSLA earnings - 23 July 2024
Follow up from my post 1 week ago Turning out to be a good liquidation of my TSLA shares some days back. Post earnings, will see. Will my puts get assigned? Will know on 26 July! Double top playing out goes to 200. TSLA Daily - 21 July 2024 @melson @TigerStars @macroB @CaptainTiger @Deposit $Tesla Motors(TSLA)$
TSLA earnings - 23 July 2024
Bullish on Tencent
- Recent pullback to Fib 61.8 (275) - Ans has since broken a key level (329) which was also the many support and resistance of the past - That bounce had gone up strongly - A bull flag is now formed with a breakout possibly to 492 - Longer term fib extension also points to 492 - Friday also had a strong breakout candle out of the current flag range Looking to accumulate if there is a backtest of 392 Tencent Daily 14 July 2024 @melson @TigerStars @macroB @CaptainTiger @Deposit
Bullish on Tencent
Double top on NVDA? Look at 118!
- A double top is not a double top until neckline gets broken - A lower high formed on 11 July does bring that potential into play - It is all about 118 upcoming - With earnings way out to 15 Aug, that 118 play might not happen yet - A double top playing out is to 100/102 My plays - Have multiple puts strike 85, 95, 100 - Will look to add when 118 plays out NVDA Daily 14 July 2024 @melson @TigerStars @macroB @CaptainTiger @Deposit $NVIDIA Corp(NVDA)$&
Double top on NVDA? Look at 118!
AMZN still my favorite counter
- Got rejected by 200 and will do well to attempt again next days/weeks/months - Very interested in the price action as long as stay above 188 - Can even get down to 182 and still be quite good - Would love to get at 165 (where my put strikes are) but for AMZN - My fav counter as my targets for AMZN are 211, 225 and 240 AMZN Daily Chart - 13 July 2024 @melson @TigerStars @macroB @CaptainTiger @Deposit $Amazon.com(AMZN)$
AMZN still my favorite counter
AMD - Looking good after break of key 172
- Since the break of 172, had reached the first fib target of 188 - Next target is 208 and the longer term target is 249 - Earnings coming up (estimated 27 July) - Need a good catalyst to push above 188 - Any good sideways movement between 172 and 188 is good building of liquidity - Break of 188 would be significant My plays - Holding shares from 140 - Puts at strikes 145 and 155 and 165 etc - Will continue to accumulate prior to earnings as long as stay above 172 (key level) AMD Daily Chart - 13 July 2024 @melson @TigerStars @macroB @CaptainTiger
AMD - Looking good after break of key 172
TSLA - Lower high or continued bounce off Fib 38.2?
Daily Chart - Pullback exactly to Fib 38.2 on Friday (232) - Will it go down to fill gap at Fib 61.8? (209) Hourly Chart - Awaiting a lower high 250 towards a lower low around 210 (also VWAP level) - Break of 255 does signify a return to the bullish trend that had been happening past days Earnings Watch - Earnings upcoming on 23rd July afterhours My plays - Liquidated my shares at the recent near high - Held puts - Will build more puts towards earnings on 23rd July TSLA - Daily and Hourly Charts - 13 July 2024 @melson @TigerStars @macroB @CaptainTiger </
TSLA - Lower high or continued bounce off Fib 38.2?
Good lesson to learn from - It is not double top until it is.
After the prior 2 weeks of inverse hammer candle, many were calling a double top and calling crash crash crash. But market likes to do what it likes to do. Never assume. Best to Observe, React, Don't Predict. Market closed last week with a big breakout candle. S&P500 Weekly Chart @melson @TigerStars @macroB @CaptainTiger @Deposit $SPDR S&P 500 ETF Trust(SPY)$
Good lesson to learn from - It is not double top until it is.
WMT - A good play for me
WMT has been a good performer in my portfolio. Up 35% since 2023 and up 18% since the stock split. Consistent selling of long range puts (3 to 6months out) to add to the income. Looking towards Fib extension target of 70 with very interested buys if it pulls back to 65/66 and 62. WMT - 29 June 2024 @melson @TigerStars @macroB @CaptainTiger @Deposit $Wal-Mart(WMT)$
WMT - A good play for me
1H is done. How has market makers setup for 2H 2024?
Most talked about now would be the topping candles seen on the weekly charts of S&P500 and NASDAQ. Indeed they usually signify an imminent pullback. The question is to where? Does not look like a super crash at this point in time. Overall charts still quite bullish. But be prepared for pullbacks akan datang. S&P500/NASDAQ Weekly - 29 June 2024 Cup and Handle has fully played out on NASDAQ. It all matters now what's next and like mentioned previously, it all depends on how market makers have been setup for 2H 2024. Stay observant. NASDAQ Cup and Handle - 29 June 2024 @melson @TigerStars @macroB
1H is done. How has market makers setup for 2H 2024?
Are there still legs in GOOG? I think so!
Price Action (Update 25 May 2024) - Still on target for fib extension 185! - 2 support levels that are interesting 155 - Previous earnings breakout level on 25 Apr - Was also the previous key resistance back in 29 Jan 2024 - Post earnings gap up created - Also my nibble level if it comes down to this 165 - Last pull back support before breakout again - Also the 50% gap fill of post earnings gap up My plays - Have been in accumulation to some share holdings since 137, averaging at 140 Good luck, all! GOOG Daily Chart - 25 May 2024 @melson @TigerStars @macroB
Are there still legs in GOOG? I think so!
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