Corwin Elder
4.1K posts

Corwin Elder
@PajamaTrader
Risk Management | Every day is a school day | Free Discord to highly profitable traders: Infra-Trade (check link below)




$AMZN now breaking below 200 and fading into the lower gap


$NFLX Bulls showing up early ahead of Monday • Should R/S continue, expect a break above $100 which unlocks $104-106 • Bulls really don't want a break back below $98


Since $PLTR managed to bounce back over $150, Bulls have have to established support here • Bears will be quick to highlight the Death Cross; the 50 sma crossing down below the 200 sma • $160 will be the resistance that unlocks $170 • Concurrently, todays move to $160 gets back over the 50 sma (~157), just under the 200 sma (~163), and potentially reaching for the 100 sma (~168) • Failure to get over the 200 sma suggest it could serve as resistance



Wall Street forecasters estimate the core PCE index (due Thursday) rose 0.39% in February, which would round to 0.4% for the third straight month. Because the Feb 2025 comparison is favorable (it was even higher a year ago), the 12-month rate is expected to hold at 3.0% (also, PPI revisions should pull January's figure down to 3.0% from 3.1%). The upshot: before the Iran war shock, core PCE was stuck at 3%, with the three-month annualized rate even higher than that.








$NVDA holding above the $175 support, but I'm reluctant to buy here without seeing Bulls take out $177 (prior support, now resistance) • Assuming Bulls do, $180 is the first target, getting the ticker back over the 200 sma on the Daily chart • Next target is $185 - March resistance since breaking below last month • Failure to recapture $180 leaves the door open to a retest of $175












