Trend Charts: VIX, MSTR, BTC, AMD, IWM, AMD, QQQ, JPM, DKNG, TSLA, GS& SPY

Hello everyone! Today I want to share some technical analysis with you! Hope it can help you!

The stocks are as follow:

Is buying the lower Bollinger Band on $SPDR S&P 500 ETF Trust(SPY)$ a reliable strategy?

Let's backtest it:

Entry: Low of day within 1% of lower Bollinger Band

Exit: +10% or -5%

Over the last two years:

✅ Almost 2x buy & hold

✅ 50% win rate

✅ 2.45 R/R

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$Goldman Sachs(GS)$ moving higher in pre-market this morning after reporting Q1 earnings beat.

~EPS: $11.58 vs $8.60 est

~SALES: $14.210B vs $12.917B est

~Q1 Investment Banking Revenues up 32%

~Q1 Asset & Wealth Management Rev up 18%

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Senior VP of Powertrain & Energy Engineering at Tesla Andrew Baglino is said the be leaving the company.

$Tesla Motors(TSLA)$ Baglino sold nearly $2M in shares just two weeks prior to his departure.

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$DraftKings Inc.(DKNG)$ looking like it wants to make another push higher here. Already up +35% YTD. 👑

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The Volume-by-Price indicator really highlights the poor structure we have left behind on $JPMorgan Chase(JPM)$ .

If we anchor to the October 2023 low, the Volume Point-of-Control of this move is still considerably lower around $170/share. 📉

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Nasdaq back below the 50 DMA & last week's low, now approaching $434 brick wall support. 🧱 Unfilled gap looming below it. $Invesco QQQ Trust-ETF(QQQ)$

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$Advanced Micro Devices(AMD)$ Neckline snapped. 🫠

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$iShares Russell 2000 ETF(IWM)$ That flat 200 day SMA around $190 is looking like a tasty dip buy. 🤤

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$Advanced Micro Devices(AMD)$

50 DAY SMA ❌

100 DAY SMA ❌

200 DAY SMA coming soon?

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A simple strategy with proper risk management can go a long way in the markets.

Enters long $Bitcoin(BTC.USD.CC)$ on a 8/21 EMA upside cross, exits on a downside cross.

Over the last decade:

✅ 23K% total return versus 12K% buy & hold

✅ 6.77 R/R Ratio

✅ 13.19% average return per position

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Michael Saylor: Don't sell your Bitcoin! Also Michael Saylor: Has sold $70,000,000 in $MicroStrategy(MSTR)$ shares so far this month.

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This is by far the most lively we've seen the Volatility Index in quite some time. $Cboe Volatility Index(VIX)$ Stay on your toes out there. 👀

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