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Trader Nik
Prof. Trader 25+ years. Tweets are not recommendations or advice. Risk management is key to success. Long term trades (week+) on . ST on twitter
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Trader Nik 3m
for the btd crowd used to the highs it is important to look at the bigger picture..on the weekly chart the double top on RSI may be in place (not broken base yet)& a .382 correction implies a move to 8785 (-615 from here)..This would be only a mild correction !!
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Trader Nik 34m
Earlier this week.. New Trader: I have a very diversified trading portfolio. Am killing it.. me: What are your positions? NT: Am long , short , short , long . across , , & . Learn something from me. Today.. me: oops !
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Trader Nik retweeted
J.C. Parets 3h
Hey guys, economists finally the memo about the uptrend in tech. Classic behavior for the end of cycles. We’re out of tech. You and the economists can have them if you’d like
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Trader Nik 1h
I get a sense that the correction will be bigger that people expect & we may be at a top instead of just a correction (1) Timing of economist cover (2) Parabolic action of speculative stocks like & & growth commodity like All this happens at tops.
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Trader Nik 1h
Replying to @TraderNik1
9500 broke & testing again.. only the first 30 mins of cash trading on a Friday so anything can happen. Lets see if 9540 can act as a resistance for the next few hours. .. closing still below 9500 is my key for the day to decide on taking shorts overweekend.
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Trader Nik 2h
Replying to @Teich50
On yes.. that's why I am only trading it from a daily/weekly perspective.. my targets at the moment are between 8350-8900.. if all goes well then I will hold the shorts for 4-6 weeks.
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Trader Nik 2h
Replying to @TraderNik1
reversed the 1% move in my direction and not working for now so I take a small hit (essentially the spread) and stay out.. prefer to wait and trade the next contract May.. am apprehensive about a little squeeze..
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Trader Nik 2h
Replying to @TraderNik1
no strength at open even better... now to see what happens at 9500.. I foresee a break.. but then again that would be something new for this market.
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Trader Nik 2h
Replying to @TraderNik1
still looks like it is just consolidating for its next move higher. daily & h1 here.. I will take a small punt on a buy with a stop below 2540 & add to the buy on the break higher (if it happens)
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Trader Nik 2h
Replying to @TraderNik1
first intraday level achieved.. 2nd also likely.. what happens then is critical.. I remain shorts (not trading intraday).. have a longer view.. watching RSI as well & expecting it to stay below 50. Would not like to see it above 9611-30 for rest of day
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Trader Nik 2h
Replying to @TraderNik1
acting as expected.. a short pause at 1624 & then continue on racing ahead.. perhaps a retest of 1625 may happen now but the picture is still very bullish.. if (iii) of 5 as I expect then we are going all the way to 1800+ in coming months. . H1 & daily
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Trader Nik 6h
Replying to @TraderNik1
Recovery reversed as expected at 9630. Levels I am watching for today are 9590 & 9613.. Quite likely we pump to 9613 prior to the cash open but would like to see resistance hold here followed by consolidation & then a break back lower. Ideal close below 9500
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Trader Nik 18h
Replying to @TraderNik1
.. 50-60% last few days.. retail more aggressive buying the dip makes it more likely to not work this time.. In individual stocks off course everyone loves tech. Once(If) 9500 breaks the fun will begin.
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Trader Nik 18h
Replying to @TraderNik1
so far this time looks different in terms of no o/n ramp yet in .. I think we at least see a retest of 9500 on . As I said in a prior tweet unless 9500 breaks no love for the bears..1st observation on sentiment on etoro 70% buyers on .. not seen it more than...
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Trader Nik 19h
Back of envelope last quarter Rev 91B. Net inc approx 21B i.e 22%. China represents 20% of rev. Jan-March. If virus related slowdown continues for even 2 more weeks. Can expect 50% decline in China sales.? Q2 guidance was 63B. What happens to Net if sales -10%? -40%?
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Trader Nik 19h
Replying to @TraderNik1
Nice push on into the close but 9630 still holds. Not closing shorts for now. . Lets see if we have a normal overnight ramp or if this time it is different.
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Trader Nik retweeted
Jesse Colombo Feb 19
JP Morgan's Kolanovic: The Tech Bubble Is Driven By Central Banks And Will Collapse; "This Time Is Not Different":
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Trader Nik 20h
Replying to @TraderNik1
continuing on my outrageous prediction thread.. prediction on is 8350 !!! by end March / April.... targeting red box on chart
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Trader Nik 21h
Replying to @TraderNik1
Finally the short works & for no apparent reason. Seems like there is a new bot in town that reacts a couple of days late (JPY reaction to gdp number) & markets to virus? I decide to hold or close short depending on action at 9630 in h1 chart (now)
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Trader Nik retweeted
StockCats 23h
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