JerryManders

JerryManders Updated 

Entered Apr 5 910 calls for 23.00 A few points to consider here: - NVDA is up 400 points frm my initial buy recommendation in Jan 2024, its completely natural to get a pullback here as the re-accumulation phase completes - If you're long and sell here, you are the definition of weak hands - If you enter short here, god bless your soul Apr 5 910 calls for 23.00

JerryManders Updated 

The black arrow/path is my near-term forecast, I expect price to trade along this trajectory. As the title indicates, the market is near-term bullish but don't enter long or add until Feb 27th for the following reasons: 1) chart perspective : The structure is setting up for a sustained break of 5039 to make a final leg higher to complete a smaller degree wave 5...

JerryManders Updated 

At this point, share holders just leave, options players there is still some change long. - Don't expect a new bull market that welcomes building new underlying positions at these levels, but at the same time be careful shorting yet either - below is a summary of the possible scenarios to expect from here (if you don't like the "noise" in the chart I suggest...

JerryManders Updated 

Back in December when NVDA was trading in the 490s I posted an idea (linked) predicting it would make a run to 660. It went above and beyond that, and now its at a point where I'm exiting long positions and watching it closely for a chance to short. At this point, I think it is still risky to short, but staying long is foolish. NVDA has started a distribution...

JerryManders Updated 

W had earning before the bell, I've been waiting for a break above 51.70 to go long - looks like we'll get that pre-market 2/22. Breakout level = 51.70 (breakdown level and hard stop loss = 47.36. - Initial target = 54.50 by 2/23 - Goal target = 58 by 3/6/2024 ** If it breaks above 58 then upper target range will be 66-69 by 3/15. ~Since W is highly shorted,...

JerryManders Updated 

QLYS has one of my favorite re-accumulation patterns that is setting up for a 40% rally over the next few months. Breakout level = 172.49 (it should complete the breakout on 3/12 -3/13) *Initial Target = 175 by 3/14/2024 ** Target 1 = 184 by 3/22 Target 2 = 192 ~Initial Target and Target 1 will hit on the first leg up following this breakout, Target 2 might...

JerryManders Updated 

No reason to panic yet, but there might be one if 461 doesn't hold. This has the same setup that I've seen in any major decline following an upthrust/blow off top. Here are my expectations: Bearish Scenario - Gap down to 430-445 Tuesday morning (2/20) - Dead cat bounce to test 456-462 for resistance (point rejection level = 461.53) ** IF rejected, then it...

JerryManders Updated 

Buying this dip here to catch the final pop before ditribution begins. Minimum target 1170 - earliest by end of day 2/16 - latest Mar 1 2024 *** Anything above this will be pure squeeze, but there is really no roof for how high this can go.. I'd say 1300-1500 Pretty wild.

JerryManders Updated 

CME has a bullish setup that I've traded with success numerous times in the past. It repeats this pattern a lot. Buy Zone = 217 - 221 (current level); Breakout level = 222 - Initial Target = 230 by 3/15/2024 - Then expect pullback to test 222-224 for support - After that it will make a final leg higher to end this wave around 240-250 in April-May 2024. CME is...

JerryManders Updated 

MARA has been accumulating for a long time now. We saw a sign of strength with the last pop to 31, and then a retest/higher low. Now its gearing up to markup to 46 by end of April 2024. - Breakout level is 21 - Initial target = 35-38 by early March 2024 (before earnings) - Watch out for possible resistance around 25-27, but should break through it easily - After...

JerryManders Updated 

If you haven't noticed, VIX is heating up. - Breakout level = 15.31 - Initial Target = 16.40 ** If this makes a sustained break above 16.40 then the market is in trouble because VIX will pop to 22 minimum. This will likely occur by Mid-March 2024. ~ If we break 22, upper targets are 25,30, 63.

JerryManders Updated 

TSLA is beginning a massive squeeze today at over 3% float and way over-extended to the downside. It will fill the gap up by 2/9 Target 225 by 2/23 latest. Entered Feb 9 205 calls for 1.35 and Feb 23 225 calls for 0.70

JerryManders Updated 

SPY is bullish as long as it stays above or in the blue channel - initial target 480 by as early as 1/5 (1/19 latest) - Goal target 500 by 2/21/2024 We haven't seen this kind of move since November 2021, the shallow retracements are actually a bullish sign, not an indication of over-extended. Once this makes it to 500+ it will begin a distribution phase...

JerryManders Updated 

For those who prefer a simpler chart - same idea as previous post just cleaned up. There are 3 paths I see from here: Black path/arrow = initial bounce followed by lower low (36-38k) before continuing higher (most likely) Green path arrow = initial bounce followed by higher low before continuing higher Grey path/arrow = run directly to make higher high from here...

JerryManders Updated 

Expecting a gap to 504-510 following the report today, then continuation to 520 by 1/31/2024. - After it hits 520 it will pullback to test 504-510 for support - Then continue to 556 by mid-late Feb. 2024 ~Stop loss 464

JerryManders Updated 

This idea is an update to my original idea "Earnings Pop to 520" (see link). NFLX needs to make a sustained break above 569 to initiate the next move higher to 585 (minimum target). Once we get this break it will take the following path - expected path is the black arrow: - Run to 585 (by 2/2/2024 earliest, 2/9/2024 latest) - Pullback to test 577 for...

JerryManders Updated 

META target by end of Feb 2024 is 420. 3 most likely paths to target: 1) 1pt solid black arrow = earnings pop to 405-413 and then continue to 420 by 2/7/2024 2) 2pt (thick) solid black arrow = earnings pop and then run to 420 by 2/21 (more conservative) 3) 2pt (thick) grey arrow = drop to 373-378 after earnings which would get bought up fast and then run to 420...

JerryManders Updated 

The drop over the past few months was corrective with the purpose of retesting the breakout level of 4130 back in May/June. It found support there and is now making its way to retest all time high of 4800. - Most bullish near term scenario is it continues directly higher to 4670-4760 (point target 4721.27) by 12/15/2023 (solid green trajectory) - Alternate...