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Fangstocks

FNG1! ShortThe support and resistance levels coincide in an uncanny manner with the Fibonacci retracements. Once again, the price was rejected off of what looks like a mini double top and has already (almost) made it to the support level. We may see a bounce to form what appears to be a triple top or a brief overshoot as the negative divergences on the PPO and RSI get extended further. Although I am putting in a short sell recommendation right now, it would be wise to wait for earning season to end and perhaps even wait for the Federal Reserve to cut interest rates. I believe this event will act as a 'sell the news' trigger where no amount of QE and lower interest rates will convince anyone to buy when a recession has essentially been confirmed. For this trade it's recommended to use SQQQ and/or FNGD with stops below the recent lows on those leveraged ETFs. Again, I strongly advise to wait and be patient till the end of the month or at least set your stops even lower and gradually scale into your position.
ICEUS:FNG1!Short
by BigMouse777
When everyone screams recession; run the other way!You've heard it so many times "greedy when others are fearful", but fear takes hold and sways your judgement. What are the common sense clues? The talking heads are trying to "call" the recession before it happens simply for an "I told you so" moment, but where were they before 2008 and earlier? Why can't we make some serious profits after 10 years of an absolute garbage economy? Headlines for the past two years have been all about Elon's gaffs Very few called the recent FANG "crash" All of the technicals are moving in the right direction Fundamentals are easy... when EVERYONE is calling for a recession, we know the opposite will unfold FINALLY: Show me an historical All Time High back to the great depression, then show me breaking that ATH, finding support, and it not creating a new bull run. The trend is your friend and stocks are in full bull mode with no signs of reversal. -racethehair
DJ:DJILong
by racethehare
14
AMAZON Fun - Predictive Modeling ExampleI thought it would be fun to post something to illustrate how my predictive modeling systems can help to identify and predict future price swings/sizes and opportunities. This AMZN chart shows predictive modeling targets and dates going out about 30 days. This model was generated by one of my most advanced modeling tools. It maps the technical and price DNA of the markets and learns from these DNA markers. The resulting analysis is that I can ask it to identify key future price points at any point in time and can derive future price objectives going forward by 15 to 20+ price bars (days, weeks, months or quarters). Below, I have included the final analysis of this AMZN trigger. The trigger bar originated on 9/10/2018. Therefore, these forward predictive levels originated over 90 days ago and continue out till the end of Jan 2019. Near the bottom of this data, you'll see the UPPER and LOWER normalized price ranges shown as +5, +10, +15 & +20 bars into the future. Above that, you'll see the PRICE PROP level which is the Probability factor for positive or negative price targets. Lets see how this plays out over the next 30+ days to see how accurate these triggers really are. Have run. It looks like Amazon will move up nearly $200, then stall and fall about $100, then move about $150~200 higher again before the end of Jan 2019. Neg Price Prop : 90.62515460246442 Neg Price Prop : 84.5705147861916 Neg Price Prop : 97.07041364310149 Neg Price Prop : 93.9460097128451 Neg Price Prop : 87.79388061236992 Neg Price Prop : 93.89682106419978 Neg Price Prop : 96.94852974148039 Neg Price Prop : 96.94861319029661 Neg Price Prop : 96.94856550493233 Neg Price Prop : 93.82355357818253 Neg Price Prop : 87.57357742583845 Neg Price Prop : 87.57357742002347 Neg Price Prop : 75.07352974211128 Neg Price Prop : 75.0491156795999 Neg Price Prop : 75.00028754891565 Neg Price Prop : 75.00028754907481 Neg Price Prop : 50.26884144531407 Pos Price Prop : 74.33898388053338 Neg Price Prop : 50.6396312833286 Neutral Price Prop : 0 0 9/10 0:0 Found Record = 277.94 350.70 350.70 423.50 || -285.09 -550.19 -550.19 -550.19 9/10 0:0 ------ = 103.71 108.56 108.91 109.37 || -221.89 -441.59 -499.83 -511.13 9/10 0:0 ------ = 19.46 17.52
NASDAQ:AMZN
by BradMatheny
NFLX Call me crazy but Fangs are not totally dead Swing TradeDespite all the hate right now in fangs stocks, history tell us that NFLX has been the best performer in the SPY period. Yes, these names was absurdly overbought but right now are too dramatic and negative, but NFLX had an amazing quarter and is the future of streaming video, Cable Tv is dead, and yes there will be more competitors but when you buy stocks you tend to buy industry leaders, and NFLX Is a leader and will continue to dominate and even if Dis launch his streaming will take 3-5 years to even touch market share Nflx revenue last quarter was 37% BTW and ad 1 Million more Suscriber in US, men if the market bounce from these horrible lows I think Nflx could be a long term calls or Leaps with a 25% Stop loss or swing trader I really think stock is very oversold and could reach 285-300 levels if breaks $275, there a lot of negativity but that's the time when you actually buy bargains, buy at this levels stop loss $255-250 I see strong resistance in $260 level, not a good choice to short when vix is 18 again! GL to everyone!
NASDAQ:NFLXLong
by Kanon8260
1
Technology should rebound 16%+ from recent lowsThe technology sector should rebound at least 16% from recent lows before April 2019. This rotation in the US equities markets is a very healthy process and my predictive modeling is suggesting that this IS NOT A TOP. We still have a ways to go before I will be calling a top in this market. The Technology sector is where real share growth has been focused over the past 3+ years and I don't expect that to change. Amazon and others will continue to drive share price appreciation as Q3 earnings are announced and Q4 earnings will likely continue to outperform. Yes, a shift of capital from over valued assets, like AMD and others, may cause some pricing pressures - especially if Cryptos collapse as I'm expecting. Yet, this shift of capital will not abandon technology completely. This recent downside price move is really a tremendous buying opportunity for skilled investors. Don't let the Elliot Wave charts fool you. Everyone was calling the February top a WAVE 5 TOP. Look what happened. Get ready for another leg higher by early 2019.
FLong
by BradMatheny
2
QQQ to the MoonQQQ is quite bullish. There are many technical indications of strength, but it would be wise to wait for a better price, rather than buying and getting caught in a retracement. The current price of QQQ is $186.41. We will find resistance from levels from above including the following: 187.52 from highs and lows over the past 14 periods We will find support from levels from below including: 185.03 from volume profile over the past 14 periods 184.07 from volume profile over the past 30 periods 183.48 from volume profile 182.68 from volume profile over the past 30 periods 181.69 from volume profile over the past 30 periods 179.45 from volume profile 178.12 from highs and lows over the past 14 periods 177.74 from volume profile over the past 100 periods 177.12 from volume profile over the past 100 periods 175.72 from volume profile over the past 100 periods As for Technical Analysis we have the following. Volatility is much lower than average, so a breakout can be expected. The RSI is 70, suggesting that we are in bull mode, but not overbought just yet. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. QQQ is substantially above the 50 period SMA, which is at 179. This indicates that QQQ is overbought. Also, QQQ is well above the 100 period SMA, which is 173 at the moment, suggesting that we are overbought. Finally, the SMA(50) is above the SMA(100), a long term bullish confirmation. The ADX indicator suggests a bull trend, at 35. We are getting closer to the upper bound of the Kovach Reversals Indicator at 186. This should provide resistance. The central moving average of the KRI will provide support at 181. bull score: 8 bear score: 0 ranging score: 0
NASDAQ:QQQLong
by quantguy
TECS Move above $23.00 is a clear breakout playTECS could move aggressively higher over the next few days and my analysis shows any move above $23.00 could be a very strong upside play for at least 5+ days. I'm not suggesting this downside move in the technology sector will last long, but I am suggesting that critical support is still quite a bit lower than where prices are right now. Take a look at my recent QQQ post to understand the downside risk of further weakness. I believe an entry in TECS now would be a good play with a stop near $19.85. Any weakness will likely be identified quickly while the long term downside potential may play out over many weeks. Could be a +25% move here soon.
AMEX:TECSLong
by BradMatheny
FANGS weakness below regression channel may fall hardWeakness below the current regression channel may prompt a larger downside move towards the lower price channel. FANGS may pull the US markets a bit lower on weak earnings and weak expectations. I don't expect this downside move to last long as the US economic is on FIRE and the foreign markets are rather weak at the moment. This is just a situation where certain FANG stocks are not able to monetize their business models properly and have been unable to achieve the growth they have projected. They are still growing and they are still earning, but they may have to "tone down" their future expectations as future expectations may be much weaker.
NASDAQ:QQQLong
by BradMatheny
Where is AMAZON going? (How to Trade Amazon's Stock in August)Are you long on AMAZON? Maybe short (for some reason). Either way- here is an ideal trade setup. All the levels are listed out on the chart for buyers and short sellers, and if we get the break (bearish play) with a confirmation on our MACD, I would consider entering short for the time being! Yes, shorting AMZN, would you believe it? Or maybe our daily trend line doesn't break? Well I'm in after it holds again, buying the dips, and riding up to the take profit zones. I will keep updating the chart as we move along- so make sure to follow either this chart or my profile for important updates.
NASDAQ:AMZNLong
by samblum_