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michaelusher

Market Wizard
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Everything posted by michaelusher

  1. Shake Shack (SHAK) continues to face strong resistance between $42-$43. SHAK will have major resistance in the low $40's going forward.
  2. $tsla 50dma failed to hold but still there is room to retest it
  3. $AMBA, $GPRO, $TWTR, $FIT and some of other heavy shorted stocks didn't participate today's melt-up scenario
  4. $AAPL chart looks great now but bulls need to show more of strong volume than today. 1st time price closed above 50DMA since Dec 10th 2015
  5. $TSLA will the bulls squeeze the shorts toward $207 level where next battle begins or give it up at and around $198 level n head $145
  6. Apple didn't close below 50wma for a long time n any time it touches bounces 30% from it will this be the case? Time will tell.
  7. $GS yesterday's 1.8% gain is not enough to call the bottom and downside risk remains strong but wednesday's bounce from the low was encouraging
  8. $FB nothing that much worrisome now though today's price action was not impressive compared to market rally but $110.65 next overhead resist
  9. $QCOM recent recommendation above $43.5 is its way to achieve $10 gain next few sessions and probably will head to $57 to reclaim 200dma
  10. $BABA's failure to take out 38.2% recent pop is worrisome but shorts are also in trouble if the price stays above $$66.50.
  11. $SPY $SPX $OIL $QQQ a mess. $CS $HSBC flirt w new lows. $DB -2.3%. WTI 30's, Yen 111's. Sorry for pissing on your Wheaties. Very bad signs.
  12. $SPY $CS going to new low & $DB falling pre-mkt. WTI 30's falling. T Demark said close Tues below 1926 is bad. Hunch, biggest drop YTD.
  13. $TWTR recent gains at risk and negative sentiment is getting attraction though accumulation remains detectable and possible upside breakout
  14. $AAPL not sure if market will continue recent gains but market leaders under pressure no clear winner here though bulls kept bears at bay
  15. $SPY And then I take a look at the Monthly and Hourly... Interesting, certainly glad I'm an unbiased trader.
  16. $SPY Not quite a clear sell signal looking at the broader studies on $ES_F. Slow RSI on Daily back above 50. Hmmm...
  17. $SPY Something tells me $ES_F really wants to go for it. Could be a good sell / sell short target. Purple line.
  18. $SPY not sure if it is a 190 pin but can be. However if delta hedging comes into play, can go lower. Higher 192-193 still possible.
  19. Another day I guess where $ZB_F $ZN_F and $ZF_F will perk along with the possibility of both $GC_F and $6J_F moving higher.
  20. $AMBA shorts still remain in the room but squeeze faded away today but our short term target was hit but still $65 can be printed 2016
  21. $CVX nice bounce and price still below our projected target price and bulls have not shown enough force to change the balance. Stay safe
  22. $SUNE trying to catch the falling knife was my first big lesson on what not to do in order to ever have a balanced portfolio.
  23. $SUNE in my view of this stock it would be amazingly foolish to consider it even possible that er will start a move up.
  24. $NK broke through resistance and out of a descending channel on high volume. Still on my top list. Could squeeze over 8.14 $IBB
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