@iam_roniv Loved the entries this week Roniv .. it’s a day trading puts and swinging calls kinda environment buying time on them 😉… banked big time on $nvda, $tsla and $amd calls
$META $MSFT
"Meta and Microsoft the coming surge. Top stocks to watch as the market shifts !"
This is what I wrote on my substack 4 days ago . Hope you enjoyed reading😀
1/ $META has been consolidating for months, forming higher lows, has an attractive valuation (fwd pe 24 at time of writing) and options flow recently had 530, 550c hit in size.
They do say “longer the base … higher the ….”, you get what I mean. Chart above all moving averages and key moving averages trending up with 50 ma about to curl if this breaks out.
Interestingly🧐it had a similar consolidation last year for months forming a set of higher lows to then break out and explode for months.
2/ $MSFT has an epic setup in terms of chart, strong fundamentals (buyback and dividend announcement) and options flow seeing some repeated hits on 445,450,460c.
I see the stock on the verge of a potential head and shoulders (H&S) breakout. See how this pattern played out last two times👀?
1⃣ In 2021/22 bear market it broke down and never recovered until bear market bottom ❌
2⃣ Last year in Oct it broke out instead and never looked back. It went on an epic bull run for months ✅
3⃣ So does #3 translate to another epic run into year end 🤔?
Well there is election volatility to get through and the most talked about Sep/Oct seasonality😅. But if the stock remains over key levels and does not breakdown on pattern, Microsoft is setting up for a spicy EOY.
If you like reading these kind of insights into the markets and stocks, you would enjoy my substack. Please do leave a comment if you have any feedback. Lets grow together ❤️
https://t.co/JB5jt1KPNX https://t.co/JaVqTiPGQE
@iam_roniv I loved reading this and positioned in size on $meta after reading. What a breakout we had last two days🫡… expecting a pullback now but this is going to explode into year end.
My write up on today’s price action in the market. Hope you enjoy reading. Please leave feedback in comments section.
Retest to the cent and apple shenanigans in the last minutes of the day https://t.co/7ZKAxQGWAs
$SPY $QQQ $AAPL $VIX
Sometimes the most profound lessons come from the quietest moments. My latest blog post explores this idea, drawing inspiration from 'Days at Morisaki Bookshop'. ❤️ Hope it resonates with you too.
#SelfDiscovery#InnerPeace#JapaneseLiterature
https://t.co/KZUIm9rLxn
@iam_roniv@Norseman1 Norseman is such a legend I agree. A lot of data points to me are pointing recession and additionally the election year cycle has also changed since Biden stepped down from running. Relief bounces will be sold off!