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Initially they can start with Android which is open source.

Elon has software that essentially auto-pilot manned rockets to the space station and AI for sel driving cars.  A smart phone cant be that difficult for him

Also keep in mind that Apple has a 50% profit margin on iphones.  Imagine Elon launches something that undercuts that price point significantly?  What deos that do to Apple?

Its technically not hard at all since all the major cell phone "makers" dont actually make anything.  As a matter of fact they dont even assemble the phones.  Thord party companies such as Foxconn assemble them.  Every single major piece of the phone can be purcahed easily from third parties.  From the RAM, processor, screen, camera, etc ...

Sorry, Not a great idea. Futures charts have totally different Elliott wave counts very often.  It would be a mess.  Many futures traders consider “cash charts to be king”..... no offense intended. 

Yes, good news is bad news. Bad news is good news..... For the Fed :-) 

Wow scary accurate!! Thanks Matt. 

Some  short ideas about to

Posted by mirhamedali on 21st of Oct 2022 at 10:48 am

Some  short ideas about to breakdown now: RDFN, PATH, ROKU, TDOC, NKLA, TXG

All over 1 M shares, and over $10.  
They all had relative weakness over the summer move up, and they have broken the summer lows a while ago and then failed on a backtest of those lows so they are trending down quite strongly.  Also these stocks are all about 75% off of their highs (pure growth bubble stocks) 

Wave 4s are so tough to trade. 

We could be just forming the A here of a larger ABC.

VIX lagging - didnt make

Posted by mirhamedali on 3rd of Oct 2022 at 04:26 pm

VIX lagging - didnt make lower low 

Renko - 2 bars up And

Posted by mirhamedali on 3rd of Oct 2022 at 04:17 pm

Renko - 2 bars up

And MACD turning up 

Many of these indicators are really looking poor. It's really supporting the thesis that the secular bull market is done as we know it and we may now be in for a ten + year bear market (similar to Japan). 

The indexes are down by 30% but we still have no official recession, no job contraction (we are still considered at full employment all the way up to 5% unemployment), no consumer sentiment contraction and no corporate earning contraction.  

Unfortunately it looks like the dark days are not even here yet. What will the markets look like at that point? 

Yeah looks bad. Even if there is no real counter party risk it will set off a market panic. 

The CEO had to issue a memo on Friday cooling off the rumors. Where there is smoke... 

Get your popcorn out for the Sunday night futures! 

What do you guess the market open looks like on Monday? 

Steve, if price accelerates down

SPX Current Views

Posted by mirhamedali on 1st of Oct 2022 at 02:31 pm

Steve, if price accelerates down immediately on Monday then it becomes impulsive to the downside and the ED is off the table right? 

If it becomes impulsive then it may bust through all the divergences. That may trigger a waterfall decline. 

This could be a really nasty three of three of three down. 

Or.... This could only still just be a 1-2 which means even more bearish to the downside. Very interesting two weeks ahead of us. 

Jobs numbers on Friday could be fireworks if numbers are strong. Based on jobless clsikes they may be strong 

This is another awesome indicator

Rydex Bear Funds

Posted by mirhamedali on 1st of Oct 2022 at 02:25 pm

This is another awesome indicator Matt. Thanks so much. Adding to the toolbox. 

Yes I also find that options are hard for short term trading for that reason. Plus the commissions. 

I have been using options along with the daily KISS signals however and making a killing! Thanks for that. Those are longer term swing holds. 

This poses a very real and serious risk to corporations trying to raise money.  

Stopped right at the weekly

SPX 200 Week on Deck

Posted by mirhamedali on 30th of Sep 2022 at 05:33 pm

Stopped right at the weekly MA. 

There seems to be a pattern of buying coming in the final hour. Especially after a plunge 

9, 13 Demark on the

Thursday Newsletter

Posted by mirhamedali on 29th of Sep 2022 at 10:44 pm

9, 13 Demark on the daily charts.  Isn't that like a HUGE deal? 

(I am a bit new to Demark) 

This move down was not

12/5

Posted by mirhamedali on 29th of Sep 2022 at 11:15 am

This move down was not an ending diagonal. Doesn't meet the technical definition.

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