they didn’t even give us a day two to test some declining moving averages
this action is super tough to get positioned in
size down until things make more sense
bitcoin:native / $COIN
bitcoin looks like it wants the lower range of this channel again around $76k on the daily chart. rejecting EMAs
$COIN rejected the EMA cluster near $185 and is now losing the 50d
all crypto names in play to the downside. maybe worth a lotto weekend swing
$TSEM
shoutout @Remzztrades for putting this on the radar today
one of the few semis that hasn't broken down yet.. losing the 200d and a massive psychological level at $200
favorite downside play into next week
WATCHLIST 10/16
can look for continuation from strong bounces yesterday or find good charts about to breakout depending on the action
1. $TGT calls over $160
2. $UBER calls over $72
3. $TEM calls over $73
4. $NOW calls over $150
5. $VST calls over $155
$CART daily / weekly
massive base with a pretty clean entry over $52
$XLP building out a massive base as well. looks like rotation is coming to consumer staples names
top watch
$RKLB
cult ticker that seems to be in a stage 3 decline
same as $ASTS, I think $50 is coming quick unless it can reclaim the MA's here
for now its short all pops into the moving averages
so many names super extended to the downside
natural to see some mean reversion bounces
let the EMAs catch up on these names then look to short into those
we are not out of the woods yet
WATCHLIST 10/15
super hot PPI with a muted reaction. watching healthcare names for upside today.
1. $MRK calls over $150
2. $MRNA calls over $227
3. $JNJ calls over $257
4. $HOOD puts under $100
5. $LLY calls over $1240
WATCHLIST 10/15
super hot PPI with a muted reaction. watching healthcare names for upside today.
1. $MRK calls over $150
2. $MRNA calls over $227
3. $JNJ calls over $257
4. $HOOD puts under $100
5. $LLY calls over $1240
$STX weekly / daily
one of my favorite downside plays aligning on the weekly and daily chart
under $700 this gets really ugly + rejected $750 this morning
top watch if we get further weakness
Being a fat rich nigga disqualifies every dollar you ever made
Being a bad son (spending money on your parents doesn’t count as being a good son) disqualifies every dollar u ever made
Cheating on your wife disqualifies every dollar u ever made
Being a bad father disqualifies every dollar u ever made
To bad have hygiene disqualifies every dollar u ever made
To not be generous with your money disqualifies every dollar you ever made
These are ideas I didn’t always hold. Things have changed a lot for me. It’s important to focus on life. Not money. Money is a small piece of the pie
$XLV
was looking like the best sector in the market.. gap up and then crush it the entire day
bearish engulfing candle on the daily now lol
what a fun market we have
$STX weekly / daily
one of my favorite downside plays aligning on the weekly and daily chart
under $700 this gets really ugly + rejected $750 this morning
top watch if we get further weakness