7/4/22 AMNAMN Healthcare Services Inc. ( NYSE:AMN )
Sector: Commercial Services (Personnel Services)
Market Capitalization: $5.130B
Current Price: $114.73
Breakout price: $115.20
Buy Zone (Top/Bottom Range): $113.95-$108.40
Price Target: $120.90-$123.70
Estimated Duration to Target: 38-40d
Contract of Interest: $AMN 8/19/22 110c
Trade price as of publish date: $10.80/contract
IWM
FED Balance sheet and Nasdaq ComparisonNASDAQ:QQQ
As you can see on the chart, FED balance sheet should be adjusted, as you it just started to go down, but QQQ already is 20% down from the top.
so obviously the bear market just started. and I expect more than 50% now. the most powerful and longest bear market of all time.
*This is my idea and could be wrong 100%
6/26/22 LTHMLivent Corporation ( NYSE:LTHM )
Sector: Process Industries (Chemicals: Specialty)
Market Capitalization: $3.922B
Current Price: $24.25
Breakout price: $25.00
Buy Zone (Top/Bottom Range): $23.70-$20.50
Price Target: $29.30-$30.80
Estimated Duration to Target: 160-171d
Contract of Interest: $LTHM 10/21/22 30c
Trade price as of publish date: $2.00/contract
6/26/22 MSTRMicroStrategy Incorporated ( NASDAQ:MSTR )
Sector: Technology Services (Internet Software/Services)
Market Capitalization: $2.321B
Current Price: $205.44
Breakout price: $222.50
Buy Zone (Top/Bottom Range): $195.30-$135.90
Price Target: $404.50-$418.10
Estimated Duration to Target: 99-103d
Contract of Interest: $MSTR 10/21/22 220c
Trade price as of publish date: $44.80/contract
6/26/22 BABAAlibaba Group Holdings Ltd. ( NYSE:BABA )
Sector: Retail Trade (Internet Retail)
Market Capitalization: $309.183B
Current Price: $117.62
Breakout Price: $120.00
Breakdown Price: $85.00
Buy Zone (Top/Bottom Range): $102.65-$87.00
Sell Zone (Top/Bottom Range): $113.80-$124.95
Price Target: $128.40-$131.70 (1st), $167.50-$171.10 (2nd), $15.70-$14.00 (3rd)
Estimated Duration to Target: 29-31d (1st), 117-124d (2nd), 340-356d (3rd)
Contract of Interest: $BABA 7/15/22 120c, $BABA 10/21/22 130c, $BABA 6/16/23 100p
Trade price as of publish date: $6.47/contract, $11.98/contract, $14.93/contract
6/26/22 PDDPinduoduo Inc. ( NASDAQ:PDD )
Sector: Retail Trade (Internet Retail)
Market Capitalization: $82.667B
Current Price: $65.96
Breakout price: $71.40
Buy Zone (Top/Bottom Range): $55.15-$31.65
Price Target: $94.60-$98.60 (1st), $115.40-$119.30 (2nd)
Estimated Duration to Target: 60-66d (1st), 120-129d (2nd)
Contract of Interest: $PDD 8/19/22 80c, $PDD 10/21/22 90c
Trade price as of publish date: $3.85/contract, $4.50/contract
Rolling: IWM July 22nd 167.5/172 to August 5th 158/187.5... for a 6.04 debit.
Comments: Rolling out and paying a debit here that is smaller than total credits collected to reduce buying power effect. Up to this point, I'd collected a total of 8.39 in credits, so I'm still net credit on the setup by 2.35, but it's currently marking at 4.57 or so, so I'm down 2.22 on the position at this point. The setup, however, is now "delta/theta happy" at -4.03/12.39 and isn't being such a buying power pig.
IWMThe set up from LT support off the bottom channel has Nuked (of course) and I say that b c this year is the year where everything looks like a perfect set up that just nukes. (except oil trades) At this point IWM can still be an over throw, if small caps are pricing in all this inflation & War in Ukraine & recession talk. If the chart is to follow NQ then we have much more pain ahead. Looking at OTC stocks I am really unsure as to how much more pain can be endured. They all seem pretty bottomed. So watching for an MM overthrow here and confirmation would be working the candle sticks back into the LT channel IMO.
RTY UpdateMFI keeps going overbought without dropping which is usually an indicator of a melt up about to happen
NQ is already pretty close to filling the gap, but RTY needs to go pumptarded to fill its gap. I think garbage stocks are going to pop before end of next week, because there's another Fed meeting in July so they go to get that gap fill sooner than later.
Might seem odd coming out of my mouth, but go long on your favorite garbage stock, lol. BTFD!
6/20/22 DQDAQO New Energy Corp. ( NYSE:DQ )
Sector: Process Industries (Chemicals: Specialty)
Market Capitalization: $4.296B
Current Price: $58.44
Breakout price: $59.80
Buy Zone (Top/Bottom Range): $55.00-$35.85
Price Target: $79.60-$82.60 (1st), $129.00-$132.80 (2nd)
Estimated Duration to Target: 210-218d (1st), 452-476d (2nd)
Contract of Interest: $DQ 1/20/23 75c, $DQ 1/20/23 95c
Trade price as of publish date: $7.20/contract, $3.70/contract
6/20/22 KOCoca-Cola Company (The) ( NYSE:KO )
Sector: Consumer Non-Durables (Beverages: Non-Alcoholic)
Market Capitalization: $257.631B
Current Price: $59.43
Breakout price: $63.00
Buy Zone (Top/Bottom Range): $61.30-$56.85
Price Target: $74.30-$75.60
Estimated Duration to Target: 336-352d
Contract of Interest: $KO 6/16/23 60c
Trade price as of publish date: $5.75/contract
6/20/22 MRKMerck & Company, Inc. ( NYSE:MRK )
Sector: Health Technology (Pharmaceuticals: Major)
Market Capitalization: $213.987B
Current Price: $84.62
Breakout price: $91.40
Buy Zone (Top/Bottom Range): $83.60-$79.90
Price Target: $103.20-$105.80
Estimated Duration to Target: 672-696d
Contract of Interest: $MRK 1/19/24 85c
Trade price as of publish date: $10.17/contract