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BULZ

FNGU- Technology Titans CounterTrend LONG on ReversalFNGU on the 4H chart is in a trend down within a parallel channel. The previous trend down from the top of the channel to the bottom was 29% while the counter counter-trend up from the bottom of channel to the top was 18% over 7 days. Presenly the trend down from the upper channel is confirmed by the two RS lines near to the 50 level and the Awesome Oscillator with a down going signal. Trade plan - I will trade FNGU short ( or FNGD long ) until it is at the bottom of the channel. Upon reaching it and mindful of a fake breakdown. I will watch for reversal signs on a lower TF and upon finding them in the MACD or Bollinger Bands or VWAP bands I will close the trade and so long instead.
AMEX:FNGUShort
by AwesomeAvani
MRVL fell after earnings beat & recovery REVERSALMRVL a technology stock beholden to the ebbs and tides of both the general markets and the leaders of the tech sector fell on a mild earnings beat this is to say traders were disappointed and responded with a 16% sell off from the pre-earnings run up. I see MRVL potentially suitable for a retracement of half of the 16%. On the 30- minute chart using both pivots as well as near and intermediate volume profiles I have marked out important levels upside from the current market. Accordinly, there are three targets I will close 50% of the position at the first 30% at the second and the remaining 20% at the third. I see this as an 8-10% overall profit in a swing trade of about a week duration. If the tech sector recovers next week from this current week, the profit could well be higher.
NASDAQ:MRVLLong
by AwesomeAvani
ARK - Cathie Wood flagship ETF rising again LONGARKK double topped about July 19 and July 31st then downtrend until Fri Aug 18th, On this past trading day, the technology market moved higher lead by TSLA and NVDA. ARK reversed and started the retracement of the trend down. I see ARK targeting 45 in the mid Fibonacci levels and potentially beyond that to 47.8 being the base level of the double top. The stop loss is the pivot low on Friday as ARKK awaits a momentum boosting cross over the mean anchored VWAP. The two TF RS indicator shows the lower TF in green well over the 50 levels with the high TF black line lagging. The ZL MACD shows more confirmation. ARKK looks good to enter now. I will zoom from the 2H to the 30 minutes to find an optimal entry. I may take a large stock position and supplement it with a single put option for insurance against downside potential. I seek a 12-14 ROI on the stock trade and some multiples of that on a 2 to 3 week put option.
CBOE:ARKKLong
by AwesomeAvani
QQQ pulled back to support for LONGWithout regard to market noise, newsand other rumblings on the 1H chart with two sets of anchored VWAP bands overlaid QQQ hit the upper bands about about July 19th. On the retracement of about 35%, price is now in the range of the mean VWAP line of the short-duration anchored VWAP and the first upper line of the longer duration anchored VWAP. IT is also slightly above the interval volume profile's POC line. That is to say there is tripel support and confluence My analysis is the QQQ will rise in the upcoming week. I will take a long trade targeting 378 (40%) 386.5 ( 40%) and 392 (205) - I may take a position in SQQQ call options for insurance and risk mitigation on the trade. I see a resumption of the bull run for technology and this trade will test that vision.
NASDAQ:QQQLong
by AwesomeAvani
AAPL Buy Long on Pullback?AAPL has been rock solid this year as illustrated by the daily chart. It is no surprise that AAPL is Warren Buffets's biggest holding. The earnings were a top line beat with revenue flat. New iPhone sales are off. The TSLA idea of dropping price to boost demand and trying to maintain margins will come into effect. The dip this week is remarkable given the range of those red candles. Based on VWAP bands, AAPL is overbought and overvalued but not badly so. Price has dropped under the longest moving average (HMA140)/ This is a small pullback I will use the opportunity to purchase a call option striking over the money at $205 for mid-November as an intermediate term veto that AAPL will march consistently higher. Because of this pullback the options contract will be a bit cheaper and easier from which to achieve a realized profit.
NASDAQ:AAPLLong
by AwesomeAvani
FNGU- the leaders of the pack will come back first LONGFNGU is triple leveraged ETF of the titans of the NASDAQ; I expect it to come back front of volatility in the market quickly as its constituents are the leaders here. I hope to exploit this for 10% before COB for the trading week in the next two days.. A volume profile and mean anchored VWAP using metrics employed by institutions and those executing with blocks of voume. Analysis and target levels are on the chart for pureposeful brevity. Trade on !
AMEX:FNGULong
by AwesomeAvani
BULZ - Technology ETF ( AI revolution )LONGBULZ is a 3X leveraged version of the Cathie Wood ETFs. As shows on the 2H chart BULZ broke out of the fair value channel of the anchored VWAP bands in bullish momentum Not a coincidence. In three months it has gained over 110% or 35% per month compounded. The MACD indicator shows the lines peaking over the histogram a cross of them is pending. The mass index indicator shows a signal into the reversal zone and falling as if about to trigger. This is a VWAP breakout at its best. It jumped 7 % in one day and now needs a pullback reset. My trading plan is simple. I will watch for a pullback to the blue line one standard deviation above the mean VWAP. I expect a bounce off that dynamic support. The trade will be a long-duration one until the technology sector cools off. Any future pullbacks to the blue VWAP will have an incremental add to the position. Any pops in price over the second VWAP line above the mean ( a line not visible here) will be used to signal a sell of a portion of the position. All in all, this will compound realized profits while underway.
AMEX:BULZLong
by AwesomeAvani
BULZ- a 3X leveraged FANG ETF High Tight Bull FlagBULZ on the one hour chart is showing a high tight bull flag which typically heralds a bullish continuation. The tight consolidation channel formed today at the POC line of the volume profile. The zero-lag MACD shows the lines under the histogram and about to cross. The histogram itself has dropped to a zero amplitude. The trigger for the bullish continuation is price rises out of the regression channel and above the POC line. BULZ is a triple leveraged ETF holding the FANG stocks including META, GOOG, AAPL, NVDA and all the others. BULZ could spend another day consolidated and then run the remainder of the week. The 17% run thus far could be repeated in the days to come mightful however of the leveraging. I see this pullback as a great entry into a stock pattern that typically results in a resurgence of bullish momentum. I have pasted onto the chart a little bit of a description of the high tight bull flag patterns and their utility in trading when found.
AMEX:BULZLong
by AwesomeAvani
Is ROKU ready to reverse and recover?ROKU here is on a one hour chart. IT has trended down from from its supply/ resistance area of 65-68 and has dipped into its demand/ support zone of 52-53 per the Luxalgo indicator. Price is presently far below the high volume area of the volume profile which shows the the highest volume at 64. At this point, short sellers are buying to cover and take profit. Price is now at the lowermost VWAP bands in the deep undervalued area. Bargain hunters such as myself now have an interest. Fundamentally, the last earnings report was reasonably favorable given the context of the general market and the economy. I see ROKU as a long-trade candidate at this point. It should follow AAPL, TSLA, META GOOG and other mega-caps and begin an uptrend. ROKU has high volume high liquidity and relatively narrow spreads. I will take a call option trade striking $50 with a DTE of 30-45 days. IF it performs well, at 21-30 days I will roll it into another.
NASDAQ:ROKULong
by AwesomeAvani
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