Posted by DigiNomad on 16th of Jul 2024 at 02:14 pm
MSFT - this has BTFD written all over it. Wave 4 playing out now
into earnings next week. I'm guessing we'll be in wave 5 by that
time. The supercomputers are more than likely about to flip
the rotation back to the leaders - you can't maintain credibility
if you have to pump IWM 2% plus every day to hold up the SPX. I
would be shocked if this one doesn't get rotation love to maintain
the squeeze.
Posted by DigiNomad on 16th of Jul 2024 at 03:05 pm
Or maybe it's the first leg of a complex ABC? BTW - what
time frame are you counting on? Anway, yeah, I bought call
spreads instead of outright calls. I'm not super bullish on MSFT,
but buying this look has been rewarded over and over and over and
over again in the last year or so.
Nevermind on the timeframe question. It's obvious on
most.
Posted by DigiNomad on 16th of Jul 2024 at 02:58 pm
I like META valuation better than MSFT (and I already own it),
but the chart is not as clean of a buy here. In fact, it looks like
it broke symmetry / lost the channel today.
If there is anyone in Tech that has openly gone against Trump
and has also had Trump very much notice, it's META. He's not a
dictator - he won't use lawfare against them like what's happened
to him, but they're probably feeling a bit hot under the collar
looking at the polls.
MSFT - this has BTFD
Posted by DigiNomad on 16th of Jul 2024 at 02:14 pm
MSFT - this has BTFD written all over it. Wave 4 playing out now into earnings next week. I'm guessing we'll be in wave 5 by that time. The supercomputers are more than likely about to flip the rotation back to the leaders - you can't maintain credibility if you have to pump IWM 2% plus every day to hold up the SPX. I would be shocked if this one doesn't get rotation love to maintain the squeeze.
MSFT looks like 5 waves
Posted by steve on 16th of Jul 2024 at 02:56 pm
MSFT looks like 5 waves down which would have on bounce watch - a weak bounce could form a RS
Or maybe it's the first
Posted by DigiNomad on 16th of Jul 2024 at 03:05 pm
Or maybe it's the first leg of a complex ABC? BTW - what time frame are you counting on? Anway, yeah, I bought call spreads instead of outright calls. I'm not super bullish on MSFT, but buying this look has been rewarded over and over and over and over again in the last year or so.
Nevermind on the timeframe question. It's obvious on most.
sellin the 452...well see
Posted by traverse on 16th of Jul 2024 at 03:22 pm
sellin the 452...well see
Thanks for this idea What about
Posted by arun on 16th of Jul 2024 at 02:50 pm
Thanks for this idea
What about META ?
I like META valuation better
Posted by DigiNomad on 16th of Jul 2024 at 02:58 pm
I like META valuation better than MSFT (and I already own it), but the chart is not as clean of a buy here. In fact, it looks like it broke symmetry / lost the channel today.
If there is anyone in Tech that has openly gone against Trump and has also had Trump very much notice, it's META. He's not a dictator - he won't use lawfare against them like what's happened to him, but they're probably feeling a bit hot under the collar looking at the polls.
Thank you
Posted by arun on 16th of Jul 2024 at 03:00 pm
Thank you