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$SPY $SPX $ES1! Another ATH this year - earnings season strong!I reviewed my previous SPY analysis and made a few crucial mistakes. Do not follow my previous spx, spy ideas. I spent more time studying the charts, the VIX and the products inside S&P 500. I'm expecting another all time high this year before a larger correction. Here is the chart and targets I'm quite confident with and will be playing. Follow along for updates. I'm expecting the correction to start end of Nov or early Dec. I'm betting on 26-29 November. Good luck! PS. If you see my other SPY, SPX, ES Analysis on Trading View. Ignore it. I've closed older ideas.
AMEX:SPY
by starman01
1
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.
CLong
by mrvaldez34
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.
NASDAQ:CROXLong
by pstowe
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.
NYSE:C
by Arizard