IWM - Russel's next haltGiven the nice turn at the Center Line, we have a new target for the IWM: L-MLH...at least IMO.
The yellow pitchfork is here to see, if the ongoing flow, the direction will change, and if the momentum is increasing or not.
If not, price will trade outside the U-MLH. Otherwise we will see a fast and hard drop.
IWM
5/11/22 BABoeing Company (The) ( NYSE:BA )
Sector: Electronic Technology (Aerospace & Defense)
Market Capitalization: $78.658B
Current Price: $132.95
Breakdown price: $130.20
Sell Zone (Top/Bottom Range): $167.05-$143.75
Price Target: $92.00-$90.90
Estimated Duration to Target: 129-137d
Contract of Interest: $BA 8/19/22 125p
Trade price as of publish date: $10.30/contract
5/11/22 CLXClorox Company (The) ( NYSE:CLX )
Sector: Consumer Non-Durables (Household/Personal Care)
Market Capitalization: $19.376B
Current Price: $156.23
Breakout price: $158.60
Buy Zone (Top/Bottom Range): $153.50-$145.30
Price Target: $162.40-$165.10 (1st), $173.20-$176.00 (2nd)
Estimated Duration to Target: 44-47d (1st), 97-101d (2nd)
Contract of Interest: $CLX 6/17/22 160c, $CLX 7/15/22 165c
Trade price as of publish date: $4.60/contract, $4.30/contract
5/11/22 JDJD.com, Inc. ( NASDAQ:JD )
Sector: Retail Trade (Internet Retail)
Market Capitalization: $88.170B
Current Price: $51.65
Breakdown price: $50.30
Sell Zone (Top/Bottom Range): $64.35-$57.45
Price Target: $44.00-$42.80
Estimated Duration to Target: 67-70d
Contract of Interest: $JD 9/16/22 50p
Trade price as of publish date: $7.22/contract
5/11/22 FBMeta Platforms, Inc. ( NASDAQ:FB )
Sector: Technology Services (Internet Software/Services)
Market Capitalization: $534.943B
Current Price: $197.65
Breakdown price: $194.40
Sell Zone (Top/Bottom Range): $192.65-$205.65
Price Target: $187.40-$182.00 (1st), $149.20-$147.00 (2nd)
Estimated Duration to Target: 16-17d (1st), 80-85d (2nd)
Contract of Interest: $FB 5/27/22 200p, $FB 7/15/22 200p
Trade price as of publish date: $10.85/contract, $17.40/contract
5/4/22 DALDelta Air Lines, Inc. ( NYSE:DAL )
Sector: Transportation (Airlines)
Market Capitalization: $28.111B
Current Price: $43.85
Breakout price: $44.75
Buy Zone (Top/Bottom Range): $43.50-$41.20
Price Target: $47.00-$48.70(1st), $51.80-$52.70 (2nd)
Estimated Duration to Target: 37-39d (1st), 86-89d (2nd)
Contract of Interest: $DAL 6/17/22 45c, $DAL 9/16/22 45c
Trade price as of publish date: $1.93/contract, $4.09/contract
5/4/22 HDHome Depot, Inc. (The) ( NASDAQ:MSFT )
Sector: Retail Trade (Home Improvement Chains)
Market Capitalization: $325.831B
Current Price: $315.31
Breakout price: $319.40
Buy Zone (Top/Bottom Range): $313.75-$299.15
Price Target: $337.20-$340.60 (1st), $367.50-$372.80 (2nd)
Estimated Duration to Target: 42-44d (1st), 99-106d (2nd)
Contract of Interest: $HD 6/17/22 330c, $HD 7/15/22 340c
Trade price as of publish date: $7.06/contract, $6.60/contract
5/4/22 MSFTMicrosoft Corp. ( NASDAQ:MSFT )
Sector: Technology Services (Packaged Software)
Market Capitalization: $2.174T
Current Price: $289.98
Breakout price: $290.85
Buy Zone (Top/Bottom Range): $288.70-$277.00
Price Target: $303.20-$307.00 (3rd), $320.70-$323.50 (4th)
Estimated Duration to Target: 25-27d (3rd), 55-57d (4th)
Contract of Interest: $MSFT 6/17/22 290c, $MSFT 7/15/22 295c
Trade price as of publish date: $11.65/contract, $11.60/contract
5/4/22 AMD Advanced Micro Devices ( NASDAQ:AMD )
Sector: Electronic Technology (Semiconductors)
Market Capitalization: 161.076B
Current Price: $99.42
Breakout price: $100.00
Buy Zone (Top/Bottom Range): $97.85-$84.75
Price Target: $113.80-$117.60 (1st), $138.30-$141.40 (2nd)
Estimated Duration to Target: 20-21d (1st), 38-40d (2nd)
Contract of Interest: $AMD 5/20/22 100c, $AMD 6/17/22 110c
Trade price as of publish date: $4.41/contract, $3.45/contract
ES UpdateES and RTY MFI hit overbought premarket
SHorting garbage yesterday morning was the right call, flipped my RIVN puts for a decent profit. Gonna stay cash until the Fed meeting, garbage stocks are already down 3 - 5%, not worth chasing it right now.
Should've shorted PTON again, lol. What a PoS, SFIXing it's way to single digits. Didn;t think it'd move that much this week.