Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
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12:58 |
Note to newbies and everyone else: ALL PATTERNS must use the following format if you want me to respond: 60-min chart, A=325.50 on 2/1 at 10:00 a.m. EST (if the pattern is obscure, you might also include a ‘B’ coordinate) |
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13:00 |
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13:08 |
TSLA is the poorest performer on my list today, having vaporized an HP support at 407.54 that was equivalent to Krell metal 18 inches thick. |
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13:12 |
Crude, whose lunatic-y dive on Monday didn’t much affect my bullish outlook, is unavoidably bound for 67.46 (6o-min, A=60.14 on 1/27). |
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13:17 |
MSFT is struggling for traction very precisely at p=408.45, but a breach of today’s low would put it on course for 377.29 (30-min, A=483.33 on 1-28 at 4:00 p.m.) |
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13:19 |
QQQ cannot possibly hold today’s low because it is just 19 cents from the crucial clown low recorded on December 17. |
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13:22 |
Rick you are the best |
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13:22 |
GOOG targeted on d=328.49, but the support has already been front-run because the pattern is somewhat obvious: 60m, a= 341.20 on 1/13 |
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13:25 |
NVDA is sickly and ‘should have’ reached 207.96. Instead, it is close to stopping out a ‘textbook’ mechanical buy at 178.67. That would occur on a 168.89 print. |
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13:26 |
krell, lol |
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13:33 |
Hi Rick…I see that MSTR pattern … btw thanks for the tsla target bought some 407 puts first thing today and cashed out a nice profit. If you have a chance would you be able to take a quick look at Uber ? Thanks [{{ Why don’t you look first and tell me what YOU see? Hint: My target is in the mid-60s.RA }}} |
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13:34 |
WMT looking as good as the real U.S. economy looks bad. Someday, the market seems to be saying, we’ll ALL shop at Walmart. Will they be selling the insects we supposedly will be eating for dinner? CVNA, the most hated stock in the room, is getting its initial comeuppance with a certain drop to at least 334.76. Currently 371.48. It still has the interest and support of portfolio managers, so be careful at d/D targets. As for NFLX, the ugly truth has finally dawned on Wall Street: the company’s dire need to keep buying audience share/subscribers now requires it to acquire the entire entertainment industry one biggie at a time. This imperative, unfortunately, has turned cannibalistic. |
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13:54 |
Here’s some medicinal bark for Bitcoin fans to chew on, a lengthy Kendall Report that sounds like a compendium of market wisdom compiled by Spartacus. The link is to Substack, which says it will let you read the whole thing for free if it’s your first time: |
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13:54 |