$AMD will post earnings Tuesday after the close. Before we look at "tradable" levels let's step back on bigger picture. All time high is 48.5 but more reasonable segment I see on chart is from 2006 high to 2015 and for this segment AMD is sitting at 78.6% level. More importantly this 78.6% level was tested in September 2018 and then in June 2019, and we are back at it right before earnings. Again, even if they beat we do not know how stock will act but if it does act +vely then break and hold above this 78.6% level means AMD is on the way to test 42s (not in few hours or days but in due cours ..read more

$AAPL and $AMD will post earnings on Tuesday after the market closes. My "estimate" is that both will beat the estimate, but we do not know how stock will react to those earnings (unless it is a blow out beat). I am going to post levels that may be target (or support). $AAPL: First level that comes to mind if 2019 high. If stock reacts positively to the earnings, 215.3 will be first level to be taken down. Interestingly this is also in 78.6% fib level zone. Assuming that stock reacts +ve then in my opinion we will certainly see a test of 216.8 that will fill the gap from November 2018. What w ..read more

If you are already clear on the direction of the market at this point in time, Lucky You :). However, I do not see a direction in terms of swing trades one way or another. Like Schrödinger's Cat that can be dead and alive at the same time, I see markets good for long and short at the same time. Issue is to decide which direction you want to pick your trade. Markets are indeed trading in broader than usual range, and volatility is high. News cycle is making it worst recently. E.g. President's tweet about AMZN, would you take a trade based on that ? Would you buy AMZN on that kind of dip ? Woul ..read more

I do not "PLAY" a stock or future or option, I "TRADE". It Is A Serious Business. How do you define your trading? Do you throw dice and let the probability play the game for you or you quantitatively assess the trade and use probability as a mathematical tool to grow your trading business? Let us dissect it mathematically and first things first - Risk to Reward Ratio and The Rule of Probability: This is how it works – Probability dictates that if you flip a coin 100 times then you have 50% chance for head versus tail. For your trading, it translates to 50% chance of profit versus of loss for ..read more

I have been posting my sentiment to the long side past couple of weeks and my sentiment is helping us to stay on side of making money mostly and sustaining net growth that stands at >200% in past 94 trading days in 2019.Last two days have been roller coaster. Thanks to presidential tweets, and theatrics of trade-war with China. Before I get to charts, let me express my 2 cents: China is not paying tariffs, we are paying it in The United States of America. I am amazed how the president is "able" to make such statements while taxing his own people. I have been saying it since the start of tra ..read more

Week was turbulent with one sharp dive and the bounce. /NQ made all time high before that dive driven by AAPL earnings, and we were fortunate to be long in /NQ for that moment, locking 100 points gains in /NQ futures.But this was soon getting shadowed by some divergences and "over-stretching" as I said in my tweets.After /ES broke key level, we were ready for a short trade as mentioned in my private tweet to members.And next day we took a short ~2933 and it gave us a good profit of $500/contract. But it was also notable that /ES regained and held 161.8% extension that was a sign that bears fai ..read more

In my last blog ( https://urlzs.com/2raQ ) I have mentioned $BAC and $AMD for long and $TSLA for short. All three stocks moved as expected and are approaching back to same key levels.However, for the next week I am adding another set of stocks. One I am looking at is REGN. It has been drifting down for some point and now at a key level, from where reversal may mean a lot. REGN if trades above 346 has the potential to go back to 360s rather quickly.TSLA is now back into my focus for long if it trades above 256.61 for a long set up. On Thursday we discussed a potential long on TSLA but somehow w ..read more

The past week after robust move witnessed some chop that was necessary. Mostly I stayed out of active trading but remained engaged in actively watching the tape. It is important to switch to the bigger picture when moves are limited and the trend is not obvious in a couple of days' range. So let us start with SPX and /ES monthly chart with Fibonacci extensions. We are in the vicinity of all time high. If we see a new all-time high then 3076 is the next target. In that case, a clean set up will be to test 3076 and pull back to 2947 for a swing long trade.Moving to short term to an H4 chart for ..read more

In my previous blogs, I have expressed my sentiment to the long side. On March 30 my blog on tech sector shared my bullish stance, and on April 7 I have emphasized that trend and momentum are to the long side.And following my analysis we have been long on /ES /NQ /RTY and locked massive gains, notably 150+ point in /NQ long fetching us up to $3000+/contract gains. Our T2.5K and T5K Total account value also hit high for 2019. All winners and losers are listed here: https://t.co/FGbvA4FCevNow at ATH we are in full cash position and watching if price can sustain this move, and offer us new suppor ..read more

Last week was not an easy week for trading. Some consolidation was (and is) in progress. Some of the stocks are more ready than others. AMD traded in a very tight range and if it can break above 27.9 this week, it will be a good long set up. I am not super excited about financials in general but BAC is near a level that if gets broken can go much higher. TSLA is under resistance area and it is all about if it can go and hold above 275 or it loses 270. Our patience has saved us a good amount of money. We have been trading small and last week traded very light. Current level of price still warr ..read more