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Mike Paulenoff

My Victory Lap: TSLA

Sun Dec 8th 2024
Many of you have been members of MPTrader for years, perhaps decades (I have been providing MPTrader.com analysis since February 2003!). Rarely do I take a victory lap about my stock, ETF, and market calls, largely because I have always thought my work should speak for itself, which obviates the need to bloviate and beat my chest to stroke my ego. At my core, I am a market nerd and Geek, not a slick-talking marketer (for better or worse). Today, however, I will make an exception, taking a victory lap about my TSLA analysis! On October 24, 2024, with TSLA trading at 152.

Market Trades Flat On The Day

Thu Dec 5th 2024
The market opened up just about flat and has not moved very much throughout the day. So with that, there really is still not too much I can add to the previous analysis. As I noted yesterday the micro pattern remains fairly messy with quite a bit of overlapping three wave structure off of the November low and into today's high. This is still suggestive that we are in the final stages of an Ending Diagonal off of that low.

Using Fibonacci Support Clusters To Catch AMZN Rally

Fri Dec 6th 2024
On 11/21 we made a low at 195.75 in AMZN, directly within a key daily support cluster at the 193.87-195.99 area. Our first triggers for a swing trade entry came in on the 15 and 30 minute charts.  The 30-minute chart gave an entry around the $200 area.  So far we've met the first upside target at the 1.272 extension of the prior swing and are now close to target 2 at the 1.618 extension at the 228.35 area.  At this point we are trailing up stops on longs since many moves tend to terminate at extensionns of prior swings.

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