sorry becky I should of posted a new comment. Randy read my mind anyway on the above video thanks for posting

I am not Randy, but he covered it in the most recent video (towards the end of it). Unofficial T3 would be the golden shorting line towards 384-ish I think.

https://rightsideofthechart.com/market-analysis-trade-ideas-5-27-20/

Randy, is T2 your final target on Netflix?

It’s gone up 20-25% since Randy’s official trade. I’m not sure how valid the 85% is. Got some cheap Jan puts just in case ;)

NVDA beat earnings estimates by 7% and revenue by 3%. Stock price tried to shoot down, but ran into that massive March-low trendline. It looks like SP had positive ER baked in.

TGT had the same posture, big spike then went down on announcement. Not necessarily NVDA will repeat after TGT, however both had insane run up into earnings so I think it gives extra checkmark for potentially having it all priced in by now. Good times to sell premium on options if you have stock or enough capital.

85% is a nice gain so there will be plenty of time to get in when the trend is established. I closed out my SSG position and am waiting to get back in after this rally is over.

I’ve never seen analysts so high on a stock. In a prior video, Randy said that semiconductors could lose 85% of the value in a bear market. Should be interesting to see how it plays out.

Much too early to say although that is one thing I’m watching for: Some of the market-leading stocks either starting to underperform or diverge (go down while the market rises) from the broad market and/or make convincing/impulsive breakdowns below well-defined support levels or bearish chart patterns, such as this one.

Need to see some of the FAAMGs start to crack to open the door to the next decent selloff and to help support the case that NFLX will hit these targets as it is a component of both QQQ & SPY so this short trade will be swimming against the tide until & unless the broad market rolls over. Doesn’t mean it can’t or won’t pan out, just that it would most certainly help if the broad market falls as well.