PayPal Still Below Long-Term Support

Shorting into the Hold? PayPal Loses Lifetime Support

A lot of stocks that I have been highlighting over the past two months are getting pummeled back to their lows. If there is a new wave down coming for the indexes, there could be extreme capitulation selling in many of these stocks.

C'mon Pal

If I was a bull, I'd be buying PayPal. That is long-term support there. If this is a bear market, that support will fail eventually.

BTC and SMH Break, Amazon Loses 2008 Trendline

The two strong horses are broken, semiconductos and BTC. Apple is broken. Nvidia. Facebook. Microsoft. Paypal. Google is rolling over. Amazon broke its 2008 trendline. Nvidia. The stocks below are the top-10 holdings in the Nasdaq 100 ETF (QQQ). Previously, this setup was almost always a bear trap. It feels like the bears know this, so I believe the risk of a major plunge today is higher than normal. Right now, I plan to be back in cash by the close. I am currently at 67 percent cash.

Paypal: Bombs Away

If you expect more downside...

Alert: PYPL

Taking profits on this one. Bounced off support.

Short Everything

Good spots. Good risk reward, no room for increase with many stocks at resistance levels. Lots of downside potential with sentiment at extremes and people believeing there's no way the market can go down because Federal Reserve. Below charts aren't necessarily the best. It is a target rich environment, find your favorite sector and dig into the holdings. ARKK remains a target rich environemnt.