waves

[waves @updowninwaves]

In bull markets, bearish engulfing candles are buying opportunities. In bear markets, bullish engulfing candles are selling opportunities. You decide what market we're in.

[waves @updowninwaves]

Trucking company based in Dallas, Texas with the highest volume ever at the lows. Company has been around for a while, so unless trucking is a dying business, this might be one to add to your portfolio and forget $FWRD

[waves @updowninwaves]

$BTC The quarterly imbalance is around $38k but if there was ever a time to dabble in the Bitcoin, it would be now.

[waves @updowninwaves]

$NDX retesting the top of that channel. I would prefer for it to fall to the red arrow, but we know it's going to the black arrow. The golden age of grift in America is here.

[waves @updowninwaves]

$BRK.B with a weekly bullish engulfing candle. Market is starting to price in a Buffet outperformance.

[waves @updowninwaves]

I think the key to knowing if and when the market is going to turn is Berkshire stock $BRK will start outperforming $SPY. Everyone knows they're sitting on heavy cash and will benefit from buying whatever crazy dip is to come. "Market is forward looking". Although, Buffet did miss the recent 10% dip as he is still sitting in cash. Looks like some more upside left in stocks.

[waves @updowninwaves]

$ES and $SPY making lower lows, but $VIX or the $VX futures aren't. 640 is where price might hang out for a bit, it has the largest negative gamma for the day.

[waves @updowninwaves]

😉

[waves @updowninwaves]

FWIW - IYKYK

[waves @updowninwaves]

FWIW - IYKYK

[waves @updowninwaves]

$NVDA with a 1.4 million share $276MM premium darkpool phantom print. Came in at lunch. Likely spoofing, just like they did with SPY phantom at 761.38 two days ago. SEC will always be asleep at the wheel.

[waves @updowninwaves]

Would love for Palladium $PA to play out like this but everything depends on the dollar $DXY

[waves @updowninwaves]

@JeffWeniger History
https://t.co/R2ioXQTGXV

[waves @updowninwaves]

Ok people, your opportunity to witness a 100+ year support turn into rotation into the dow is here. $DJI $DIA

[ Q-Cap  @qcapital2020]

This is an excellent interview btw

Nicolai (Norwegian Sovereign Wealth Fund CEO) asks the IBM CEO if AI a bubble

Listen very very carefully to his answer

[waves @updowninwaves]

@TripleDTrader PE is only 23. PE 50 is normal these days, watch for IBM to double.

[waves @updowninwaves]

@Arieltu66336702 I am, they suspended my account for a few days. You know why. Anyways, best few days I had without having being stuck to X. I might leave it that way and enjoy the sanity.

[waves @updowninwaves]

$PDFS only need to utter the words "AI in a PDF" and this thing will double.

[waves @updowninwaves]

@herbgreenberg shhhhhh, its the golden age of america

[waves @updowninwaves]

Moment of truth. Will it hold the retest or will it bounce? If it bounces, stocks will likely get hit. Goes with my previous thesis that the Dow will outperform the other indexes. But outperform does not necessarily go up, it could just go down less than the others. $TNX $US10Y $TLT

[waves @updowninwaves]

TACO news was inevitable. We needed the 10year yield to back test the trendline it broke. $TNX $US10Y $TLT

[waves @updowninwaves]

$ZM Zoom is up 8% after reporting earnings beat. Price target has been raised to $118. That earnings miss in February did indeed mark the bottom. My leaps have been printing and like every other time, i wish i had bought more. Price will eventually make a run for the AVWAP from ATH. Options flow suggests a move to $125 first, then $140.

[waves @updowninwaves]

What are the fucking odds that the first earnings miss in the history of the company end up being the bottom in Zoom $ZM? Price fell below the trendline on the earnings reaction but reclaimed it today indicating strong institutional interest. Dont sleep on this one. I think i'll buy an OTM leap call soon.

[waves @updowninwaves]

Here's NIFTY to SPX. Same thing.

[waves @updowninwaves]

Everytime I look at international indexes, I am amazed at the Indian Sensex. We hear so much hype about the Indian economy but on a relative basis to $SPX, the $SENSEX has gone nowhere in almost 3 decades. But look at where this ratio is at the moment. I wonder if we start to see some outperformance from India. $NIFTY