The creator sees Microsoft as a candidate for an oversold rebound, potentially closing the gap up to 370 if the market buys into the current narrative.
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Trump Surrenders To Iran: Are We Buying It?
The creator discusses the geopolitical situation involving Trump and Iran, highlighting the market's fatigue with conflicting statements and the potential for a significant escalation after Easter. They analyze technicals for various indices and individual stocks like Apple, Nvidia, Micron, Microsoft, Meta, and Tesla, suggesting short-term rebound plays but cautioning against long-term optimism due to underlying economic concerns and the dollar's strength. The creator also touches on commodity markets, particularly oil, and its impact on inflation and potential Fed policy changes.
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Tickers discussed in this post
The creator suggests a potential rebound in Micron, noting it's oversold and at the lower Bollinger Bands, with a target up to 340 before facing resistance.
The creator sees potential downside for Nvidia below 165, targeting 150 based on Fibonacci levels and a bear flag breakdown, but acknowledges a possible short-term rebound.
The creator anticipates fading any rebound in Apple unless it closes above the 200-day moving average, expecting a move down to 240.
The creator suggests a potential rebound in Tesla, citing oversold hourly RSI and a possible falling wedge pattern, with a target around 360.
The creator is playing a rebound in Meta, having adjusted options positions to profit from a potential short-term rise.
The creator added MLCO to their long positions, indicating a bullish outlook on the company.
The creator added ICON to their short positions, indicating a bearish outlook on the company.
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