S&P500 now is up 40 dollars off my 4366. This after 20 dollars off morning short. Total +60 day. Weekly 4373 v good level .

Free plan 8/4:

1. If open/offered below 4403, I will lean on bearish side for a retest of 4365 tomorrow or Thursday

2. I expect 4365 to be soon retested and broken

3. If open/bid above 4403, an assault may be made on 4420.

4. Now 4411.

Just don’t see how Jerome spins this services PMI number as transitory.

Anyways, may be too early to fight the tape, but a close below 4382 may bring 4308 in hurry.

Now 4405.

Analysis void on close above 4428.

No staying power by 🐻 bear even after strong 💪 PMI. Anyways my 4398 seems to hold decline (for now).

5 hours to go.

Now 4303.

Two stocks that may outperform are NFLX now 516 and MU now 82 dollar

Overnight futures are a bit perky..

First order of the day may be to test 4412-4415 and then make main move.

Now 4404.

$FSLY I gave at 35 now 41 may have more juice left

I think 58-63 not out of realm

I have 2 new ideas 💡 on my mind…

1. PFE.. this is a stock I gave at 39 and now a massive winner at 48 dollars. I expect this to eke out further gains and test 55-57.

2. FSR: originally my stock at 12 dollar then cut at 20. Now 18. It has positive momentum and cannot rule out 22-23.

Free trade plan:

8/12:

1. Per weekly plan, expect an attempt at 4456-4470 sucking in many new suckers , only for the breakout to stumble..

2. Upon getting a failed breakout, and a close below 4424, expect an assault on 4404 followed by 4308.

3. Now 4440.

Time is important factor as well. If by tomorrow by close we do not atleast see 4456-4470 prints, there is reasonable chance next week we will trade 4300 handles imo. Now 4436.

4424 is orderflow support rn capping downsides (for now).

Free weekly levels and plans 8/15:

1. S&P500 managed to eke out another green week 👍

2. However the Order-flow did not support this breakout

3. My current thinking is a daily (D1) close below 4442 will bring a lot of volatility followed by a revisit of levels such as 4404 and then 4308. Now 4460.

4. Though urge caution on shorts above 4442 at this moment as this thing can languish here for days , if not weeks unless a close below 4442 is achieved .

5. Good luck 🍀

$BABA which we went bear at 222 is now 182 bucks. BABA bull must be careful IMO. My long term target on this stock is 125 dollar .

Sellers keeping pressure on. Don’t see pressure abate unless we start bidding above my 4444. Now 4444.

Keep sell pressure on. No need to be bull unless above 4444. Now 4435.

Folks: I have been bear 🐻 on S&P500 on weekly time frame since week of 8/5 (4456-4470). S&P500 is now down 120 handles 4352.

Significant volatility overnight. While longer term bearish, I need to be tactical today.

I am watching 2 stocks : TSLA and AMZN.

If both of these are bid or remain bid above 3200 and 672, I do not want to be bearish S&P500 . Now 3180 and 675 respectively. If both start breaking down below 672 and 3180, expect more sell S&P500. Now 4352. Detailed intraday levels will be published shortly for my subscribers. Stay tuned.

Feel free to share.

Folks: as expected decent bounce off my 4352 and now up almost 100 handles.

This is after my last week’s bearish bet at 4456-4470 which took us down to 4350.

A couple of notes for this week :

1. Surge in S&P500 from 4350 is a confidence boost for the FED.

2. Technically 4444 is a key Orderflow level.

3. New longs must be careful here unless we close above 4444 on Monday. Failure to do so and an actual close below Orderflow levels 4424 will lead to a retest of 4350 followed by 4308 Orderflow support breaking. Now 4438.

Feel free to share this plan.

As promised , I want to share a name from my weekly dozen scan.

NVDA

Originally my stock given at 500 before explosive move to 700 (pre split). I like it here now at 208 dollar.

Stock once clears 210 dollar may wanna trade 250-276.

Share if you like it. Comment on TWTR if u wanna see more names like this from my weekly dozen scan.

As promised: I was going to try to be cute 🥰 with earnings plays like DOCU and FUTU, but for now just sharing 2 ideas that working thus far :

1. TSLA test of 747-760 as long as NO daily close below 711. Now 730.

2. HOOD: a retest of IPO lows ~ 32 bucks as long as no D1 close above $47, now 44.

Watching $CRWD for earnings play today..

Like a dip into 268-271 for an eventual test of 350 bucks now 284. With LIS below 256-258…

Waiting PMI at 9 and Bostic at 11.

Many know I have been negative on $UBER since 50 bucks and now stock is 40 dollar ..

I do think stock is at good place from risk/reward POV with LIS being 33-34. Now 40.