CALL
Calculating a negative open on the J200Calculating the J200 to open down -198 points.
Tencent down -1.8%
US & FTSE futures pointing lower
US markets ended lower yesterday
Asian markets trading mostly lower this morning
Traders should look to profit arbitrage between the ALSI open and the Unum J200 open call
CRZO Call - Do not trade longWhile the general oil market is down, this week is starting to see the oil sector trend upward. The sectors price had hit a lower bollinger band. MACD, StochRSI, and DMI have all crossed and started trended up for the general oil sector on the daily. This sector will probably continue trending upward until it hits its 50 day moving average or the middle bollinger band as its ceiling. You can find this exact same movement in CRZO. This would be a good trade for a call but do not stay in this long.
XEC to come up tomorrow - 8/22 to at most 91.14Price had hit its lower bollinger band. MACD, StochRSI, and price have all trended upward. This stock will begin moving upward until it hits its middle bollinger band within the next 2 or 3 days to at most 91.14 dollars. This is a good short term call. The general stock trend is down, so do not recommend you stay in this trade long.
ETHOS (BQX) BUY ZONE WITH ELIOTT WAVEWith the alts and Bitcoin getting into a more bullish market you might wanna look out for elliott waves. BQX seems to have began its first new wave and will likely dip back to 7160 sats. You can then hold for a bit and watch the resistance lines I have drawn.
Buy-target: 7160
Sell-target: 8540 or higher
Stop-loss: 6900
I am not buying now. That's fomo
Ethos (BQX) Eliot wave !Ethos (BQX) did very well and gained almost 90% the last 2 days. The eliot wave seems to predict a small correction to the support area that's formed between 6500 sats and 6350 sats.
Buy area: 6500 - 6350
Stop-Loss: 5870
Target: TBA
Please follow me for more BQX trading Ideas!
CROX Big Day Confirms UptrendIt is easy to write about a long after it gains over 8% in one day, but this CROX breakout was more predictable than most realize. CROX first caught my eye when it bounced nicely off support at the long term uptrend line earlier in the month. I patiently waited for the MACD to begin curling upwards and RSI to be pointing up around the 40 level before I bought ATM calls (see vertical line on the chart). I was not expecting three days of red to follow after a small bounce, but managed to pick up some more calls because it was very close to the trend line, and technicals still pointed to an upwards move in the near term (see red arrow).
Today, CROX broke out gaining over 8%, confirming the direction of the indicators and current uptrend. It now looks as CROX could gain much more in the near term as well. I have a price target of $21 for CROX over the next few weeks, and plan to sell half my position there and let the other half ride, as long as the upswing still looks sustainable.
Break out or Break down - $C - CitigroupShort-term call?
After a quick drop and sharp earnings reversal, Citigroup seems to be ready to break out of the "Head and Shoulders" pattern it has been setting for a year. In the past two years especially, the second half of the year has typically been a boon to the Financial Sector. Due to the lack of resistance, if Citigroup does resume it's trend, it's clear skies until $73 or 8 strikes from it's Monday (7/16/18) close of $69.47. MACD & RSI divergence, higher lows & highs, hint it's break out time; although $C tends to test support when closing below a mid-dollar strike (e.g. $68.5, $69.5 ... ) many signs seem bullish.
Short-term Put?
Since the 100-day MA hasn't been traversed quite yet and dimming global outlook for a very globally diverse financial institution are pertinent concerns: a resumption of $C's breakdown toward $67.50 is still plausible; Less likely after $66.50 was touched and multiple lines of support drawn there after during the post-earnings fire-sell, but still plausible all the same. Having a complete collapse like the "Head & Shoulders" suggests, and a fall straight through $66 is more of a longer term trend that is unlikely, but still possible. Caution would be to start with a strangle or straddle around the $69.50 strike, with the call focusing on the resistance-turn-support of $69 (firmly in the money) and roll the dice with the put's placement, with one's choice on potential gains.
At the end of the day:
Financial deregulation, tactical global divestment, Citigroup's 10% share buyback, increase in dividend payouts and a solid beat on it's Q2 earnings (despite the sell-off) all point toward a brighter future. Old allies and Old foes becoming the opposite, nationalistic rhetoric and new Middle-Eastern oil deals all are obstacles, but whether they are insurmountable is up to your short-term hypothesis because only time tells; and time is always money.
Nifty Trade Setup - 29th juneHello all,
First I would like to say sorry for late update for nifty Trade setup for yesterday. Guys, We had made the damn good profit. It was almost breakout their strongest support when hit 10558 but closed 10589 later of the day. Today we need to wait for first 30 minutes. If nifty closed 10550 then we will go with sell and our target is 10515/10436 but if started to trade above then 10600 then we will buy for 10631 target.
My Trades : gyazo.com
Good luck
Nifty Trade Setup- 28th juneHey all,
Hope you guys have made good money from my yesterday Nifty trade call. It was like a falling knife when broked the support. yesterday Channel was invalid because channel support has been already broked. It's making a new channel and sitting on their support. I am going to take a put if breakout or go with call if retrace above. Good luck
Nifty Trade Setup - 27h june Hey all,
There is no major move in Nifty 50 today. It's still sitting on their channel support. I am still confident for this support which has not broken from weeks. My trade setup based on it. If nifty breakout it then I will go with put if retrace above then I will go with the call. It's same as yesterday
Beware Tomorrow market will be violated because of expiry.Good luck
My Trade Result for Today : i.gyazo.com
Nifty Trade setup for FNO - 26th juneHello Everyone,
Hope you all doing good and making good profit. Our today target has been also achieved and I also make good ROI from my Investments. Currently Nifty has reached again on their support which is on 10760. Remember Nifty is testing this support third time and there is a lot of chances to breakout this support tomorrow because of expiry. so Be aware and wait for first 30 minutes before opening your put.
1. Open put if it's breakout support and started to trade lower then 10740. Target is 10710
2 Open Call if it's rejects to breakout their support and started to trade above then 10770. Target is 10821/10893
Today Result is : i.gyazo.com
Bank Nifty - Trade Setup for 22th June 2018Hello all ,
Bank Nifty is so slow yesterday and did not make any major move, maybe it's happened because of the June Closing. There is 2 major point of bank Bank Nifty and it was traded btw in these 2 points for a couple of weeks.
26136 is a major support and 26762 is resistance. Bank Nifty was trading btw in this channel but I had seen a bearish divergence in 2 hour time frame and think that bank Nifty will be breakout his support today and will go lower. I did not have any target in my mind because of The market scenario. We will see where is it going . First 30 minute is important to watch but yeah I will avoid to with call or buy Position .
Good luck