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Opening (IRA): USO December 20th 66 Covered Call... for a 64.74 debit. Comments: Adding at strikes/break evens than what I currently have on ... . Selling the -75 call against long stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 64.74 Max Profit: 1.26 ROC at Max: 1.95% 50% Max: .63 ROC at 50% Max: .97% Will generally look to take profit at 50% max; roll out call on test.
AMEX:USOLong
by NaughtyPines
Opening (IRA): GDX January 17th 34 Covered Call... for a 33.28 debit. Comments: Selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Adding at strikes/break evens better than what I currently have on. This puppy also happens to have a dividend on offer in December, but is quite variant: www.nasdaq.com Metrics: Buying Power Effect/Break Even: 33.28 Max Profit: .72 ROC at Max: 2.16% 50% Max: .36 ROC at 50% Max: 1.08%
AMEX:GDXLong
by NaughtyPines
SPY/QQQ Plan Your Trade For 11-22: Tmp-Bottom PatternToday's Temp-Bottom pattern suggests the SPY/QQQ will attempt to move downward - trying to find support. If this pattern plays out as I suspect, we'll see the SPY and QQQ move lower, with the SPY attempting to move to the 588-590 area and the QQQ attempting to move to the 499-500 area. I still believe the current setup promotes a breakdown in price based on the current Flagging formation related to the broad Excess Phase Peak pattern. Nothing tells me the markets are going to rally at this stage. Unless we get above the Peak levels of these patterns, the most logical outcome is a breakdown in price leading to a Phase #3 EPP consolidation low. Gold and Silver are starting to make a very big recovery rally - just as I suggested weeks ago. It is great to see this move in Gold - although Silver is lagging a bit. Silver will rally, but it will rally slower than Gold at this point. There is a real chance Gold could be trading above $3000 before the end of 2024. Buckle up. BTCUSD came within $1000 of my $100,500 target level overnight. WOW. This last $1000 move higher should be reached today. Once we get above $100,500 on BTCUSD, expect it to try to roll into a new pullback and setup a new EPP Flagging formation. That is what price does, it is either TRENDING or FLAGGING. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
4
Bankbees & Junior bees The market is extremely volatile right now, making it hard to predict the future. All indexes have corrected by about 15% to 20%, while stocks have corrected by between 30% to 50%. The greatest approach to safeguard your money during this volatility is to invest in index-based funds. The ideal approach to invest is with a bank nifty ETF (bankbees) and a midcap nifty ETF (jouniorbees). I believe that anyone who invests the amount and sits with patience will reap a good result. Juniorbees might attempt to reach 751, 800 ++, and the Banknifty might attempt to reach 540, 550 ++, in my opinion. Please don't take it personally; this is only for educational purposes. Kindly consult your financial advisor before to making any investments.
NSE:BANKBEESLong
by KP_77
1
$SPY November 22, 2024AMEX:SPY November 22, 2024 15 Minutes. The gap up at open was managed will and 584 is still holding up good. Now for the last rise 587.43 to 595.12 AMEX:SPY need to hold 590 today to continue uptrend in 15 minutes. I will sell only when AMEX:SPY goes below 589 for 584-585 SL 590.5 for today. The gap up made on 6th November is holding good and AMEX:SPY has taken multiple support last few days on top of gap. So far. In 60 minutes 584-585 is a good support so far and is also 200 averages. Having managed to attain 592-593 target, holding 590 i have a target 595 to 598 initially.
AMEX:SPYLong
by RiderTrader
Value stocks shine bright, amid Growth stocks depressionValue investing is an investment strategy that involves picking stocks that appear to be trading for less than their intrinsic or book value. Value investors actively ferret out stocks they think the stock market is underestimating. They believe the market overreacts to good and bad news, resulting in stock price movements that do not correspond to a company's long-term fundamentals. The overreaction offers an opportunity to profit by purchasing stocks at discounted prices. Warren Buffett is probably the best-known value investor today, but there are many others, including Benjamin Graham (Buffett's professor and mentor), David Dodd, Charlie Munger (Buffet's business partner), Christopher Browne (another Graham student), and billionaire hedge-fund manager, Seth Klarman. The main represented technical graph is for SPDR S&P 500 Value ETF (SPYV) that invests in the committee-selected S&P 500 with focus on value stocks. The Index selects stocks from the S&P 500 that exhibit these fundamental value characteristics: (i) book value to price ratio, (ii) earnings to price ratio, and (iii) sales to price ratio. To be included in the index common stocks and REITs must meet certain liquidity criteria and must have a positive as-reported earnings over the most recent four consecutive quarters (measured using the sum of earnings over those quarters) and for the most recent quarter. Top 10 AMEX:SPYV components, incl. weight. 1) Berkshire Hathaway Inc. Class B NYSE:BRK.B 3.97% 2) JPMorgan Chase & Co. NYSE:JPM 2.88% 3) Exxon Mobil Corporation NYSE:XOM 2.43% 4) Johnson & Johnson NYSE:JNJ 1.93% 5) Walmart Inc. NYSE:WMT 1.65% 6) UnitedHealth Group Incorporated NYSE:UNH 1.63% 7) Bank of America Corp NYSE:BAC 1.28% 8) Procter & Gamble Company NYSE:PG 1.21% 9) Chevron Corporation NYSE:CVX 1.16% 10) Costco Wholesale Corporation NASDAQ:COST 1.14% The basic concept behind everyday value investing is straightforward: If you know the true value of something, you can save a lot of money when you buy it. Most folks would agree that whether you buy a new TV on sale, or at full price, you’re getting the same TV with the same screen size and picture quality. Stock prices work in a similar manner, meaning a company’s share price can change even when the company’s valuation has remained the same. This means, strictly speaking, there is no such thing as a true, or intrinsic, value of the stock of a given company. But there are relative values. Value investing developed from a concept by Columbia Business School professors Benjamin Graham and David Dodd in 1934 and was popularized in Graham's 1949 book, "The Intelligent Investor." Just like savvy shoppers would argue that it makes no sense to pay full price for a TV since TVs go on sale several times a year, savvy value investors believe stocks work the same way. Of course, unlike TVs, stocks won't go on sale at predictable times of the year such as Black Friday, and their sale prices won’t be advertised. Value investing is the process of doing detective work to find these secret sales on stocks and buying them at a discount compared to how the market values them. In return for buying and holding these value stocks for the long term, investors can be rewarded handsomely. Intrinsic Value and Value Investing In the stock market, the equivalent of a stock being cheap or discounted is when its shares are undervalued. Value investors hope to profit from shares they perceive to be deeply discounted. Investors use various metrics to attempt to find the valuation or intrinsic value of a stock. Intrinsic value is a combination of using financial analysis, such as studying a company's financial performance, revenue, earnings, cash flow, profit, and fundamental factors. It includes the company's brand, business model, target market, and competitive advantage. Some metrics used to value a company's stock include: Price-to-book ( P/B ), which measures the value of a company's assets and compares them to the stock price. If the price is lower than the value of the assets, the stock is undervalued, assuming the company is not in financial hardship. Price-to-earnings ( P/E ), which shows the company's track record for earnings to determine if the stock price is not reflecting all of the earnings or is undervalued. Free cash flow , which is the cash generated from a company's revenue or operations after the costs of expenditures have been subtracted. Free cash flow is the cash remaining after expenses have been paid, including operating expenses and large purchases called capital expenditures, which is the purchase of assets like equipment or upgrading a manufacturing plant. If a company is generating free cash flow, it'll have money left over to invest in the future of the business, pay off debt, pay dividends or rewards to shareholders, and issue share buybacks. Of course, there are many other metrics used in the analysis, including analyzing debt, equity, sales, and revenue growth. After reviewing these metrics, the value investor can decide to purchase shares if the comparative value—the stock's current price vis-a-vis its company's intrinsic worth—is attractive enough. Fundamental thoughts Were you ready or not, but still US interest rate is at the highest degree over the past decades (basically due geopolitics tensions), while high borrowing cost is inappropriate to internal US macroeconomic conditions (weakening labor market, weakening housing sales etc). This is why growth stock will not pump forever, meaning that no one is at the top over so-called "Mag Seven" hyped stories. At the same time, the main technical graph is for SPDR S&P 500 Value ETF (SPYV) indicates on Reversed Head-and-Shoulders technical structure in development, as further gain I am sure has to come.
AMEX:SPYV
by Pandorra
Tech on the Edge: SMH vs. QQQ Signals Caution Amid Bull MarketIntroduction: While we remain enthusiastic about the strength of the current bull market, emerging signs of stress in capital flows warrant a closer look, particularly in the tech sector. One key metric to monitor is the ratio between semiconductors (SMH) and the Nasdaq 100 (QQQ). This ratio acts as a barometer for tech sector health: when SMH outperforms QQQ, it indicates a risk-on environment; conversely, QQQ outperforming SMH raises caution flags. Analysis: Tech Sector Barometer: The SMH-to-QQQ ratio has historically been a reliable indicator of momentum in the tech sector. Outperformance by SMH reflects strong demand for semiconductors and broader tech health, while underperformance signals potential concerns. Emerging Concern: Currently, we’re observing the potential development of a rounding top formation in the SMH-to-QQQ ratio. While this formation isn’t confirmed, a breakdown below key support would validate it, signaling broader weakness in the tech sector. Critical Inflection Point: For now, chip bulls must take control and push this ratio higher to maintain sector strength and prevent a broader pullback in the market. Failure to do so could signal a shift in sentiment and increased vulnerability in tech stocks. Conclusion: The SMH-to-QQQ ratio is at a critical juncture, with the potential to dictate near-term momentum in the tech sector. While the bull market remains intact, any confirmed weakness in this ratio could signal broader vulnerability in tech stocks. Will chip bulls step up to defend the sector, or are we on the cusp of a pullback? Share your thoughts below! Charts: (Include relevant charts showing the SMH-to-QQQ ratio, the potential rounding top formation, and key support levels) Tags: #Semiconductors #Nasdaq #TechSector #SMH #QQQ #MarketTrends #TechnicalAnalysis
NASDAQ:SMH
by Richtv_official
SMH bounce to $245MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Price at or near all bottom channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at oversold level VBSM is spiked negative Price at near 3.618 Fibonacci level In at $240.55 Target is $245 or channel top Stop loss is manual
NASDAQ:SMHLong
by chancethepug
SPY Analysis: Rising Channel Sets the Stage for Scalp & SwingSPY is trading within a rising channel on the hourly chart, suggesting bullish momentum is building. After bouncing off the lower boundary of the channel near $584, it has steadily climbed, reclaiming key resistance levels at $590 and currently testing $591.50. Volume has picked up, and the MACD is crossing bullish, signaling potential continuation toward higher levels. Key Technical Zones: 1. Liquidity Zone (Demand Area): * The area around $584 - $582 has seen significant buy-side interest, making it a key demand zone. * If the price pulls back, this zone may provide strong support for a bounce. 2. Order Block (Supply Zone): * Watch for resistance at $594 - $595, which aligns with previous price rejections. This is a likely area for sellers to reenter. 3. Support Levels: * S1: $588 (minor pullback area) * S2: $584 (demand zone) * S3: $581 (major breakdown level) 4. Resistance Levels: * R1: $592.50 (current intraday resistance) * R2: $594.50 (supply zone upper boundary) * R3: $600 (psychological level) Scalping Plan: * Bullish Setup: * If SPY breaks above $592.50 with increasing volume, scalp long toward $594.50. * Entry: $592.60, Stop: $591.50, Target: $594.50. * Watch for volume confirmation and momentum to sustain the breakout. * Bearish Setup: * If SPY rejects $594.50, consider a short scalp back to $592. * Entry: $594.40, Stop: $595.50, Target: $592. Swing Trade Plan: * Bullish Swing: * Long position if SPY holds above the midline of the rising channel near $590. * Entry: $590.50, Stop: $587.50, Target: $600. * Suggestion: Look for a daily close above $594 to add conviction. * Bearish Swing: * Short position if SPY breaks below the lower boundary of the channel ($584). * Entry: $583.50, Stop: $586, Target: $578. * Watch for weakness around major support zones for further downside. Indicators to Watch: * Volume: Sustained buying volume is critical to push above $592.50. A lack of follow-through could trigger a reversal. * MACD: Bullish crossover currently supports upward momentum but monitor for potential divergence near key resistance. * RSI: Approaching overbought territory; a pullback might be due if RSI crosses above 70. Thoughts on Market Direction: SPY is showing strength in this channel, and as long as it holds above $590, the bias remains bullish. However, resistance at $594 - $595 could pose a significant challenge, and any rejection there might lead to a retest of $588 or lower. Scalpers should be nimble around these key levels, while swing traders can look for a breakout confirmation or a breakdown of the rising channel for directional plays. Conclusion:
SPY is set up for a critical day, with clear support and resistance levels to guide both scalping and swing trading strategies. Stay flexible, manage your risk, and watch for volume confirmation to gauge the market's strength. Disclaimer:
This analysis is for educational purposes only and not financial advice. Trade at your own risk, and always use proper risk management strategies.
AMEX:SPY
by BullBearInsights