EvanMedeiros

EvanMedeiros

$AAPL For me todays action makes things real simple. The high and low are both significant levels in the stock for the short term. We saw immediate selling pressure that came in this AM at 465 which shows the market recognizes the importance of that level. Further we see the bulls strongly supporting the stocks latest gap around 454. I say strongly because after...

EvanMedeiros

$AMZN definitely some buyers down at these levels that aren't leaving this for dead. A nice $15 pop in the past two days off the lows. In my last update I said I needed to see more time to base before I was interested in the long side and we're getting just that. One more pullback perhaps to the low 250s would get me interested to the long side for some sort of...

EvanMedeiros

$FB positive reaction after earnings accelerated the previous bullish channel even steeper. Slightly concerning to see a pullback of this magnitude on friday in a tape so strong but I wouldn't read too much into it just yet. No idea what kind of options shenanigans could be at work on earnings opex. If the bulls can hold this gap at 28 it should begin to carve out...

EvanMedeiros

$NFLX 6th day contained within an 8ish dollar range. Had a slight breach below the lower end of the range on Thursday but the bulls quickly stepped in and saved it. Until there is a clear change of character in this chart, trust in the range to hold until it doesn't.

EvanMedeiros

$GOOG completed latest measured move right into the all time highs at 844. A clear market leader, that still looks very good. I would expect new highs to come but after a $25 two day move I would love to see some sideways consolidation at these levels before pushing through these highs. Great trading vehicle on multiple timeframes.

EvanMedeiros

$AAPL overall I still like this name to the long side but I think it might need some digestion up here. I did not love the performance on Friday but with opex who knows how true the price action really was (and it really wasn't THAT bad). That said I do think we can pullback here especially if the market takes a break early next week. The bulls need to hang onto...

EvanMedeiros

$SPY great squeeze higher on friday off the NFP number. I do think its overall bullish however in the short term I do not thing its sustainable. Any moderate to large gap ups on Monday I will be aggressively searching for short setups for a trade. I do not believe this is a breakaway gap.

EvanMedeiros

$FB from fast to faster. As i posted yesterday on this name, expect an accelerated trend to form out of the previous channel or a breakdown and gap test. Now that we have our result its safe to say this is a very bullish reaction. But as far as a trade idea, if you weren't a lucky long into ER I would need to see some sideways consolidation or even a pullback to...

EvanMedeiros

$AAPL continue to remain bullish on this name. Outperformed today after making an early morning surge to the prior highs at 445 and then spent most of the day consolidating. Longer term charts aren't showing much resistance at this level. If NFP data is good tomorrow I would expect this to make a push through these highs into the 450s. On a sell off I will be...

EvanMedeiros

above 447.20 watch for retest of the highs

EvanMedeiros

$AMZN weakest of the bunch. Needs alot more time to create a better base before I would consider any longs. In play on the short side until then.

EvanMedeiros

$FB earnings out tonight which seemed to be a nonevent. Sitting in a relatively steep channel. Not much else to say, tomorrow should see an accelerated thrust higher or a breakdown to test the gap, time will tell.

EvanMedeiros

$NFLX seems like this stock only wants to move in 20%+ increments. Continues to base within a tight range after its explosive earnings move. Levels are clear here, trade your plan.

EvanMedeiros

$GOOG holding up real well today given the market pull in. Today's lows around 817 is clear support. Below that could be a quick trip back to the 808ish. I do like google overall up here but I am a little skeptical it can maintain this high level base.

EvanMedeiros

$AAPL holding up well here. has some clear support around 435 demonstrated today by the bulls, below that your next level is about 430 and it would be a nice change of pace for the bulls if we can flag above that for a few days. I do like apple to the long side for day trades but we need to keep in mind we're at the mercy of this macro data for the rest of the week.

EvanMedeiros

$SPY pulling back off it's highs after double topping around the 159.7 level. Next level of support comes in about 157.75 and I wouldn't be surprised to see us test that tomorrow. ECB news tomorrow AM and then jobs numbers on Friday should give the algos a reason to whip price around.