AKS breakout of short term downtrendbreaking downtrend of past two months. hoping to see continuation of overall long term uptrend this year. $AKS
AKS
STLD, set to run?STLD looks to be forming a bull flag with upside potential to $50. Trump is bullish on Steel stocks. Could we get a break out soon? I think so.
XFoloow the gold candle trajectory. X should bounce of the double bottom and move higher. Low RR as the low can be assumed $30.71 Stops set right below.
XWith the US Dollar taking a hit Yesterday I bought X. The USD should continue down into a DCL. I suspect most commodity stocks will move higher inverse to the USD. AKS, HBM, might be other good choices. RSI is oversold and moving higher. 61.8% retrace is complete.
THE WEEK AHEAD: IT'S EYEBALLS ON THE FEDUgh. Doing my weekly market review/screening and there is literally nothing high IVR/high IV to play ... . Nada ... . Zilch ... .
One option is to sell puts in one of these "just high IV" underlyings:
VRX: April 21st 11 goes for .56
AKS: April 21st 7 goes for .31
AMD: April 21st 13 goes for .66
WLL: April 21st 8 goes for .28
CLF April 21st 8 goes for .34
X: April 21st 32 goes for 1.25
These are all at or around the 30 delta ... . Those plays, however, are not my "favorite girls to dance with at the ball."
For earnings, what little "quality" stuff is left to this season is still a few days out:
FDX (IVR 92/IV 30) (3/21 AMC)
GME (IVR 73/IV 46) (3/23 AMC)
MU (IVR 76/IV 47) (3/23)
VIX: For a "Term Structure" play,* the earliest expiry where the 50 delta strike is at 16 or greater and pays ~2.50/contract is June, and that's 101 DTE ... .
Of course, we have that little Fed shindig going on next week. Implied volatility and the VIX can turn on a dime, but I've been waiting for VIX to turn on a dime for weeks ... .
AKS Bullish Swingsmall gap today. If we break above the high of today, it looks more bullish. Ultimate target would be 11.04
Order will be a stop/limit at 9.21 to open
$AKS 161216C$10.50 BTO Calls@market open 121216 +161223C$12.00- Been swinging Call Options on AKS since week end 11616; Purchased 4 Calls (Strike Price 10.50) on the Market Open Monday AM w/ a Limit Order price of .29.
- Averaged down w/ purchase of 6 more Contracts the following day w/ Lower Low (Consolidation) being set in @ limit price of .15. Held position - FED Hike in hopes of a Market/Metals Rally to no avail.
- Holding 10 Call Contracts Avg. Price of .22 per and looking to match the gains failed to realize pre-hike at the least.
- Looking to sell to Close the contracts on or near loss of 10, 20, 100 period MA w/ the 30 minute Chart Setup.
- Do Believe After Hours activity will have all 3; including the EMA 4 & 8 period Moving Averages as support on the open.
- If the 4period EMA has not crossed the 8 period EMA to the Upside; I will look to hold position until it does.
- Slight chance on the 30 Minute Chart of a 50 period and 200 period Golden Cross(I believe so anyways); but WILL not Hold thru Friday 12/16/16 in hopes of seeing additional gains should it not occur Thursday 12/15/16.
- Trade setup for following week or upon Total Gains >= 400% put in place w/ weakness following FED Hike and possible profit taking from medium/long term traders:
- In lieu of adding more contracts to this weeks position, purchased a total of 10 Call Contracts w/ - AKS w/ a $12 Strike Price expiring 122316 for a .08 per. If further weakness occurs - End of Week, willing to add but ONLY if it AVG. Down my Call Contract prices (.09 after commission). As stated previously have been swinging, successfully mostly, this Ticker since one week following the election, along w/ AMD, CLF, VALE, RYI, FCX.
AKS Bullish Swing Updated IdeaDoesn't look like it will retest down to 9.45. Updated entry is 9.68 with a stop at 8.96.
Would have liked to enter today at 9.85, but funds are all tied up in a botched HLT trade. Looking for entry to trigger tomorrow. If not, we most likely won't be triggered in to this one. Updated idea gets 2 R closer to the resistance level at 11.04 and below the recent pivot point. Should hit target if triggered in.
AKS Bullish SwingRetest gap today. Looking to buy the pullback. could look to exit at 11.04 since there is a long term resistance level there.
OPENING: AKS COVERED CALLIt was either this little fella or X ... .
Bought 100 Shares at 4.60
Sold the Oct 21st 5 call
Filled for a 4.29 debit
Max Profit: $71 (if called away at 5)
ROC: 16.6%
X USSTEELX, USSTEEL looks primed for another run higher. Short term RSI and longer term %R have bottomed at over sold and are turning higher. MACD seems to be headed higher. X appears to have formed a rounded bottom which is acting as support along with the 200sma. Stochastics is giving a buy signal. Low risk entry with stop at $12.76. Good luck.
AKS Head and Shoulders Formation -- Basic MaterialsAks appears to be forming a head and shoulders or perhaps double top. The weekly RSI closed at 100 showing that this price is severly overinflated. I expect a pullback into 3.26, with support at 2.75, and then 2.50.
AKS earnings predictionIt looks like it will go up big tomorrow based on the high volume and quick rejection off the value area, plus on the monthly it is a cup and handle pattern. Target is at 13.50 then 15.00
