123Tom's TA study group

[Citrati]

Tom, dimwits on avxl board don't like TA. My stuff says you are right on with your analysis. Maybe that makes me a dimwit. LOL

[Citrati]

Milton Friedman said to “Keep your eye on how much the Government is spending, because that is the true tax.”

[oldmystic]

Maybe try restarting your device?

[XenaLives]

Suggestion... recognize that this platform is AI manipulated and discount it's value in the real world.

[Citrati]

For some reason I can't figure out, your links are active, however they won't open for me. They hang up and the page just remains blank. Up until now they always opened.
It just started a few days ago. Any suggestions.

[XenaLives]

But when Shelly& CO control board access it 's all one freekin' farce...

[oldmystic]

07/08 504-324-474-374 09/20
https://invst.ly/162eoc
https://invst.ly/162erc
https://invst.ly/162erp
https://invst.ly/162eru

[oldmystic]

QQQ Model: 505-420 A 420-465 B 465-375 C
https://invst.ly/15-dgb
https://invst.ly/15-dfe
https://invst.ly/15-dh-

[Citrati]

JOBY recent news.

https://avitrader.com/2024/08/07/joby-seeks-certification-for-electric-air-taxis-in-australia/

[oldmystic]

Take a look at Tulsa
er...Tiziana Life Sciences (TLSA)
https://invst.ly/15y3mn

[oldmystic]

QQQ Model 06/2024 500-420-450-410-460-360-420-350 06/2025 jmho
https://tvc-invdn-com.investing.com/data/tvc_83a108da7a7b39e0b0d8557aa6c20683.png

[Citrati]

Yesterdays QQQ gap down has closed. DOW moves above 100 period and NAZ plus S&P are lagging just below it. Indicators all still oversold and wanting more up movement.

https://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=0&mn=6&dy=0&id=p71309936092

[Citrati]

This is going to be an interesting rest of month for QQQ.
Including today it goes gap down and gap down while closing the May gap up.

May 16 and 17 is small gap up and gap up. Both about 1 point and lower at 406 is all that is open.
412.41 closed the upper one.

Currently all indicators are close to max overbought. This is all on a daily. Even with the massive drop today the longest and strongest VbP market structure zone has not violated its bottom, let alone confirmed. Price did close below the 200period so will be watching to see if that becomes confirmed resistance or support.

https://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=0&mn=10&dy=0&id=p72763524602

[oldmystic]

QQQ model 408 September 2024 (A) 375 March 2025 (B). Rally this month to 455-465. jmho
https://invst.ly/15ws58

[Citrati]

Couldn't pass on JOBY and an almost 1 year low, so picked up some shares. Time will tell. 🤪

[oldmystic]

Not!
Zooming out, approaching the .236 retracement, @ 17,460 on this chart, of the advance from 2020.
Magnitude of current decline corresponds, roughly, to the decline from 11/22/21 to 01/24/22.
This correspondence indicated in the parallel channel. https://invst.ly/15w9q0

[oldmystic]

12:30am Eastern Standard Time. Overnight futures now touching .786 retracement of recent advance.
Note as well the parallel channel beginning a year ago now at support.
Expecting bounce here, with all due humility. https://invst.ly/15w92z

[Citrati]

Pre-market tonight looks like more down for tomorrow.
We shall see. Dow currently down 245.
Will be checking the markets when the pre-market trading begins. Volatility prevails.
The bounce, if there is one, needs to happen very soon or recession talk will heat up fast.

[Citrati]

Target movement projections can be very useful.
Thanks for taking the time to share..

[oldmystic]

QQQ Model 408. Bounce next week to 467 before decline to 408 on 09/09.
My base case for the present. We shall see, as you like to say.
https://invst.ly/15vsgs
https://invst.ly/15vsir

[Citrati]

Markets in turmoil. Kinda like Dutch auction right now. Who is going to bid now and who will wait for lower?

[oldmystic]

QQQ model 425/08.19
https://invst.ly/15vie7
https://invst.ly/15vigj
SMR model 3.80
https://invst.ly/15vil5
AVXL model 4.87
https://invst.ly/15vioe

[Citrati]

Thanks for the updates.
Got my I on JOBY 5.26 (daily 200period) to see what happens there. What I like is that over the time it takes to create revenue the ups and downs will be tradable for profit. Just me, but I like getting to know stocks with in new and potentially disruptive areas and just trading them. If they don't pan out, I will still have made decent profit. I can always move to a competitor if I think it is better. Combo of scalping and short swing trading is my style as it controls risk. So much volatility like the markets today, I don't want to get caught. I raise mental stops on the up moves and takes whats there. Try not not get greedy or marry them.
Your 5.18 JOBY is a good number to watch as well. Right in the longest and strongest support/resistance zone beside the fib #. Agree the magnetism of the gap is getting stronger.
Besides JOBY, I do this with AVXL and and testing to see if NNE will fit the bill or not.

SMR I am watching 6.90 to 8.15 (100 period) if it doesn't stop here. Need to do more DD, but life got in my way a bit.

My bread and butter is scalping ETF's intraday. Never hold them overnight or weekends.

Green Trades.

[oldmystic]

Quick dip to 432 model: https://invst.ly/15v6xy

[oldmystic]

Gap fill and .786 retracement of the recent advance for JOBY @5.18. Caution warranted. https://invst.ly/15v5yx
I closed my JOBY position last week at around 6.30 after reading the article you posted.
It sounds like a tough business, capital intensive with realized revenue several years away.
BLDE business model and significantly lower market cap may make it a better investment. I am on the sidelines.
I sold NNE today after reading reports of potential fraud. I am still in SMR and will add on further weakness.

[Citrati]

JOBY should be getting into buy territory now. What general market does will have an effect.
August 7th after market close announced as release of financials.
No news that would make for todays drop other than the market.
5.46 is the daily 100period. Place to add?? Will it hold as support??

ACHR down also and following same trend. Sector effect as well as general market IMO.

[XenaLives]

Unfortunately - that has nothing to do with intrinsic value.

The market is manipulated...

Investments must be divided between B.S. manipulation and those with real and intrinsic value.

It's only a matter of time....

[oldmystic]

Looking for a move in the overnight futures to 18750

Bada bing...https://invst.ly/15t8si

[oldmystic]

Looking for a move in the overnight futures to 18750
https://invst.ly/15t7yc

[Citrati]

Good call. QQQ hit your 454 Call. Now to see whether the 100period on a daily holds as support.
So far today looks like it will. Tomorrow news will likely be the deciding factor. We shall see.

[oldmystic]

Looking for a move in QQQ to 554.93 Tuesday or Wednesday before a bounce

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174823911
https://invst.ly/15t7br

[Citrati]

Starter positioning is wise with both of these IMO.

Looking at SMR (thanks for posting it) I can't rule out tagging the 100period on a daily which is currently 7.94. No position as yet since you just alerted me to it.
Need to do some DD on SMR as I know nothing about it.

NNE daily, I am hoping to see it confirm above the 50period (Daily 14.64) before adding more. If stuck below the 50 then 12.25 recent low may come into play.
Being cautious since it is so new that chart information only goes back 3 months.

Green Trades.

[oldmystic]

Starting SMR here at 9 and NNE at 13.75

[oldmystic]

Thanks for the links, very helpful
Looking for a move in QQQ to 554.93 Tuesday or Wednesday before a bounce
https://invst.ly/15r-qh
https://invst.ly/15r-qt

[Citrati]

A nice day for AVXL as it flirts with $7.

[Citrati]

Here is an interesting article. Very pro JOBY, however, some great insights on BLDE and their market niche.

https://seekingalpha.com/article/4695887-joby-stock-leader-evol-aircraft-market-with-unknown-demand

https://exoswan.com/evtol-stocks

https://investorplace.com/2024/02/3-flying-car-stocks-ready-to-take-investors-to-new-heights/

"BLDE has a market cap of $286 million, while JOBY's market cap is $4.58 billion. That implies there could be more upside for BLDE investors if it manages to get its business off the ground."

[oldmystic]

Adding some JOBY
https://invst.ly/15qkyy
Have you looked at BLDE?
https://invst.ly/15qld-

[oldmystic]

QQQ Alternative model: 450 by 8/15 (by way of 490)
https://invst.ly/15q02s
https://invst.ly/15q022

[oldmystic]

QQQ Model: 445 by 09/09 https://invst.ly/15nwlu
QQQ Model: 408 by 09/09 https://invst.ly/15nwnj

[Citrati]

Should get interesting. One of my trader friends cashed out the last of his QQQ puts Friday and bought QQQ call spreads.
The weekly of yours is from July 6 so lacking two candles. Still an excellent chart 😃.
Price now 475 after gap down and three large red candles on a daily to end this week. Enough downside room to make straight calls a little iffy, which is why I think he went with spreads. Daily 50period at 469.85 is still possible before a bounce.
Gotta think the men in the smoke filled back room want to keep this market looking rosy as long as possible. We shall see.

https://investorshub.advfn.com/uimage/uploads/2024/7/21/vuikiScreen_Shot_2024-07-20_at_10.56.08_PM.png

[oldmystic]

Alternative model to QQQ 504

https://tvc-invdn-com.investing.com/data/tvc_2410d918b87bc8663d3e2f5de2b015fe.png
QQQ topped @ 503.50