ReadyFor401k

19:52

ReadyFor401k

This movement we saw going in to Memorial Day Weekend doesn't give me confidence in the market reversing out of this corrective movement. There are many factors that make me think this is just a breather before we see more down trend. I will need to see more levels shattered before I see a clear uptrend. For now, I'm just playing the directional momentum, and...

10:24

ReadyFor401k

Taking a look at where Bitcoin is and what the possibilities are. I don't personal feel like we're out of the woods yet. Looking at the trend from a bigger picture, we are on a clear downtrend. I'm waiting to see if Bitcoin does breakdown further to the .382 and .5 levels on the Fib Retracement. As I mentioned, this could be the first real Recession that the...

04:40

ReadyFor401k

Keeping an eye on FCX for the completion of a cup and handle formation breakout. This is a great long-term investment as well, that pays a dividend.

ReadyFor401k

Looking at the trend of TSLA, it appears to be working out a long over due pullback. With insane uptrend, this really is necessary in order to continue sustained uptrend. As for now, it does appear to have the potential to drop below $900....or at least fill the gap at $910. Keeping this on my radar to find an area of support for adding more.

ReadyFor401k

In these we have Strangles and Iron Condors setup so we're monitoring to make sure these stay in the middle of the range. If they breach, we can adjust. All of these trades expire Nov 19th. $UNG $IWM $CTRA $IFRM

10:09

ReadyFor401k

Wanted to get a quick technical analysis out on what I'm seeing with SPY. Signs are telling me the downtrend isn't done yet. This could possibly just be a retracement from the downtrend, or as you see me refer to it as a "dead cat bounce". I'll be watching it closely to make sure I capture the right call for those looking to hedge.

ReadyFor401k

This isn't something I support doing, because this really is more gambling than anything. With that being said, I don't have a problem with a potential 1600% gain in 3 weeks to break the top of the Andrew's PF. Just sayin. This is neither investment or financial advice....but you have a better chance of going to the moon with this, than you do with AMC and GME. LOL!

08:42

ReadyFor401k

Quick technical analysis on Rush Enterprises. This is a consumer cyclical trucking dealership. They are very dominant in this market space and currently in the process of acquiring 30 more locations. This is a good long-term portfolio addition. Because of the acquisitions coming in play, this could also lead to a quick short term profit as well for the swing...

04:10

ReadyFor401k

Quick technical analysis to I'm sure people aren't just jumping in because price is moving out. You would want to look for other confirmations before jumping in at this point. Price still does have the potential to go down. So take advantage of the time to observe the price movement over the next couple trading days. I would like to see price get back above the...

08:03

ReadyFor401k

Looking at ETHUSDT and TOTAL. The patterns are telling me that the Crypto market is going to go in to a Bearish trend or sideways consolidation period through the rest of the year, if not longer. I am definitely a believer in crypto currency, but for me, now isn't the time to buy...in my opinion. I'm going to keep an eye out for opportunities, but not going heavy....

07:18

ReadyFor401k

Quick TA on BTCUSDT. Price needs to break above key levels before I'm bullish on it again. Looking at the bigger picture on the weekly chart. This recent run up was just part of the bigger flag formation. If price stays in this pattern, it could be late 2022 before we see the next rip up. If price breaks the pattern sooner....we would want to see it happen VERY...

ReadyFor401k

Will we see another epic run up? Maybe? Things are shaping up, and we do have room to run, but that doesn't mean we will. DOGE is getting a lot of attention right now. Technicals are showing the price is supported by the TWAP 30 and RSI is Bullish. Support/Resistance points are being respected...now we just need the volume. If we follow the same trajectory as we...

12:04

ReadyFor401k

My honest TA on MVIS right now. I'm at the point where there are many other great plays in the market currently. On the Daily chart. We have weak volume and sentiment with MVIS. Starting to see price breakdown on a slow descent. The occasional ups, keep the retail investors in, with the hopes of the uptrend continuing. However, where the RSI is sitting right now,...

11:29

ReadyFor401k

The price action on TRCH was expected. On the weekly chart, it was too disconnected from the HMA and RSI was on a down trend. When price gives you higher highs/lows, and the RSI gives you lower highs/lows, this is your Regular Bearish Divergence. This is purely the technical perspective on the way the chart is playing out.

09:45

ReadyFor401k

TRCH is looking strong. Expect a little pullback for the technical support. But parabolic movement is supported right now. Keep an eye on the weekly. If the price gets too disconnected from the HMA 20, expect a pullback next week to realign. Pretty straight forward squeeze on this one. Hedge wisely though.

05:52

ReadyFor401k

AMC does appear to be breaking out of a Bull Flag. However, the momentum behind it will determine if it truly is a break to new highs. Going to pay close attention to the $72 high to see if we bounce off it, or break through it. Be aware of a Pennant Flag formation. Too many failed attempts to break through $72 and the price will collapse.

10:14

ReadyFor401k

Wanted to ensure everyone was still keeping an eye on the SPY, and other futures. The SPY is looking a little tired out, possibly producing a head&shoulders formation on the daily. If so, we could be at the beginning of the correction on the head formation, which will lead us a couple weeks in to July, then the right shoulder would form over the following months....

08:48

ReadyFor401k

Quick little PM TA on MVIS. No need to worry, we are setting up a beautiful cup & handle formation. We're keeping an eye on the price bouncing off the 25% retracement on the daily. If we break above $21.50ish and hold, then we should start back on the uptrend. If we break down below it, then we do have some restistance points along the way. I don't see it breaking...