SPXS to $8 by 8/23Price at bottom channel Stochastic Momentum Index (SMI) at oversold level In at $7.43 Bought 8/23 $8c for $5Longby chancethepug110
SPY/QQQ Plan Your Trade Update For 8-16 : Inside BreakawayThe move in the SPY today is very consistent with my Inside Breakaway SPY Cycle Pattern. Additionally, the move in Gold is exactly what I predicted would happen over two weeks ago. A dual-leg rally up to $2550. Now, we'll watch Gold rally above $2600 as this second leg appears to have considerable momentum. As we close out the week, I do suspect the SPY will attempt to create a right-shoulder for an inverted Head-n-Shoulder pattern next week. So, be prepared for the SPY to possibly consolidate and move downward a bit before attempting another rally phase. My SPY Cycle Patterns tend to agree with this changing cycle phase in the SPY - so there is some consistency related to a right-shoulder setup. Overall, this has been a tremendous week for traders. My research has continued to deliver great results for my followers and the big move in Gold has been incredible. Next week, we'll do it again. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long12:58by BradMatheny5
SMH is forming resistance line during rallySMH today has formed a resistance line impeding it from continuing its rally We want to see SMH break through this line and hold before making any more entries Expect to see a small bounce after breaking through before continuing the rally upward Longby ratchet-mint0
Kraneshares China Internet ETF | KWEB | Long at $26.00The "beginnings" of a change in the downward trend of China's tech stock market may be starting to unfold. The price of Kraneshares China Internet ETF AMEX:KWEB has finally reconnected with my selected simple moving average (SMA) which often means further price consolidation or future price breakout from the overall mean. I'm not saying this will happen immediately and this particular SMA likes to be tested to "fake out" buyers and sellers (sometimes over months or years). Plus, there are price gaps in the low BER:20S on the daily chart that often get filled before a run. But for the early birds out there, like myself, AMEX:KWEB at $26.00 is in a personal buy zone as a starter position. Target #1 = $30.00 Target #2 = $37.00 Target #3 = $49.00 Target #4 = $100.00 (very long-term view...)Longby NicksAnalysis1
Opening (IRA): XLE October 18th 83 Monied Covered Call... for a 81.41 debit. Comments: This is a little early for a run at grabbing the September dividend, but wanted to get in when the underlying is still hovering around recent lows ... . Metrics: Break Even/Buying Power Effect: 81.41 Max Profit: 1.59 (ex. divvies) ROC at Max: 1.95% (ex. divvies) 50% Max: .80 ROC at 50% Max: .98%Longby NaughtyPinesUpdated 1
The Publishing Truth About the $QQQHere is a disquisition on the stock price reflecting the way I chose this index fund would create a strategy from its self. You look in the video and realize its all about the price movement, momentum and yes anomalies to find the peculiarities'. NASDAQ:QQQ should see increases in the near future. Today, we will get a small growth that'll wedge in the profits for you to trade properly. Long03:49by montiai4
BlackRock Bitcoin ETF Is Forming An Intraday Bullish SetupIf we take a look at the hourly chart of BlackRock Bitcoin ETF with ticker IBIT, we can see nice and clean five-wave intraday rally from the lows, followed by an a-b-c corrective setback with first support at 32 area, while second deeper one would be around 31 area. So, seems like it's forming a nice intraday bullish setup formation, thus watch out on a bullish continuation, while it's above 28 invalidation level, just keep in mind that bulls may step in above 34.15 level.Longby ew-forecast3
Opening (IRA): EWZ July 19th 31 Monied Covered Call... for a 30.31 debit. Comments: Decent 30-day IV at 34.0%, but I'm primarily looking to position myself to grab the June dividend. IV is skewed to the put side in this underlying, so the general go-to would be short put, but to grab the dividend, you have to be in stock. Because I want the extrinsic in the short call to exceed any dividend, I'm basically going at-the-money/slightly monied with the short call and will look to manage the position after the dividend drops. Unfortunately, the distribution has been wildly variant, so it's hard to tell how much extrinsic to keep in the short call to diminish the prospect of being called away early due to some dick exercising their long call early to grab the dividend. Metrics (Sans Dividend): Break Even/Buying Power Effect: 30.31 Max Profit: .69 ROC at Max: 2.28% ROC at 50% Max: 1.14%Longby NaughtyPinesUpdated 1
SPY/QQQ Plan Your Trade 8-16 : Gold Rips - Stocks StallThis video highlights why I believe today's Inside Breakaway may come with some surprises. As Gold rips higher (check out my recent Gold videos) and the SPY really broke higher yesterday with a huge upward GAP and rally, I believe the SPY will stall a bit today and attempt to move higher near the end of the trading day today. I don't believe the markets go straight up or straight down. This big Deep-V recovery has run into resistance and I believe an inverted Head-n-Shoulders is likely to setup. You'll see what I'm talking about in today's video. What this means for SPY traders is to stay cautious today. Short - Quick trades will be the key to success. Don't get married to any bigger, longer-term swings in price today. It is all about getting in and out quickly and efficiently. Gold, on the other hand, could rally to $2620 or higher over the next 5+ trading days. Watch the US Dollar and BTCUSD as the Hedge Trade appears to be very active right now. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long21:17by BradMatheny226
08/16 SPY ATR Levels and RangeThe ATR on SPY is now sitting at 7.38, VIX and SPY were moving together close to the closing of yesterday, limited views on today since I am my 40 hr office job, but always watching and waiting for price action and volume, orders on the tape and technical setups to make any decisions. Patience. by TuskenDayTrade0
Industrial ETF: Potential BreakoutIndustrial stocks have been rangebound for most of the year, but now they might be breaking out. Today’s weekly chart features the SPDR Select Sector Industrial ETF, which holds stocks in groups like aerospace, general manufacturing, transportation and construction. The main pattern is the pair of lines at $120 and $126. The lower price was near a weekly low in late February. XLI bounced there again in mid-April and mid-June. Sellers tried to break it last week but failed. The resulting false breakdown is a potentially bullish reversal pattern. Next, peaks occurred around $126 in early April and mid-May. XLI tried to break out in late July before getting swept lower with the broader market. But now it’s back above the old resistance. It’s also on pace for a potential record weekly close, which could interest some longer-term momentum players. Finally, retail sales have beaten estimates for two straight months and jobless claims have eased after increasing in June and July. That stronger economic backdrop may favor industrials, which are mostly viewed as cyclicals. Standardized Performances for the ETF mentioned above: SPDR Select Sector Industrial ETF (XLI) 1-year: +15.79% 5-years: +64.30% 10-year: +146.69% (As of July 31, 2024) Performance data shown reflects past performance and is no guarantee of future performance. The information provided is not meant to predict or project the performance of a specific investment or investment strategy and current performance may be lower or higher than the performance data shown. Accordingly, this information should not be relied upon when making an investment decision. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means. Exchange Traded Funds ("ETFs") are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus.by TradeStation7
$SPY August 16, 2024AMEX:SPY August 16, 2024 AMEX:SPY achieved the target 554 being 1.618 extension. Nor if we take the numbers 493 to 565 to 510 100% extension is around 580 levels. But the issue is 510 is 78% retracement for the rise 490 to 565. Hence 566 crossing will be an issue. AMEX:SPY had 2 days gap up unfilled. So being strong move I expect resistance around 556 levels today. We can see oscillator divergence. Hence i will be careful with new longs. Shortby RiderTrader338
SMH rallies to new highs with room to goSMH rallied to new highs today and into higher trading area which originally appeared to be very overbought 1 hour interval shows both 10 and 20 RSI levels in overbought territory 2 hour interval shows 20 RSI having more room to grow. initially exited riskiest positions figuring on this new high being way outside the bounds of normal This is now looking to have some more room left in it. expect a small pullback or pullback in time over the next day or two. Longby ratchet-mint0
Stock Market | TSLA NVDA AAPL AMZN META GOOG MSFT AnalysisQQQ Forecast Sp500 ETF analysis Nvidia Stock NVDA Forecast Technical Analysis Apple Stock AAPL Forecast Technical Analysis Microsoft Stock MSFT Forecast Technical Analysis Google Stock GOOGL Forecast Technical Analysis Amazon Stock AMZN Forecast Technical Analysis Meta Forecast Technical Analysis Tesla Stock TSLA Forecast Technical AnalysisEditors' picksLong15:24by ArcadiaTrading3343
We are rallying into a downtrend careful longsVideo explains my positions and why went in and went out Watch the rally's they dead cat bounces short XLK Long SQQQ, INTC Editors' picksShort10:55by john12Updated 212161
Natural Gas: Do or Die!We secured half of our profits yesterday, however I still think we have a very good chance of higher price. Nat gas needs to make a decision by getting above this key Covid trend line. We are observing another "death cross" formation developing. If price action keeps rejecting the daily 200MA we may go lower. Today inventories came out: consensus was 42B actual -6B This was a dramatic forecast miss & supports higher price / more demand. If Nat gas can get above this key covid trend line, we are well on our way to $3+ 04:58by Trading-Capital6
2 Weeks of Recovery - But Seasonality Lurks in Sep/OctMonday - UP Tuesday - UP Wednesday - UP Thursday - UP SPY has put together 2 weeks with 20+ points from low to high eclipsing the averaging 14/15 point average true range for the week - it really is wild stuff!!! I try to make some sense of everything today with an inverse cup & handle pattern on the SPY/SPX/ES levels. I dive into September/October seasonality and upcoming news for the US. PMI next week and Jackson Hole. More employment news and PCE before the month ends with NVDA earnings. CME Fed Watch Tool showing a 76% probability the FED will cut 25 bps September 18 and we will still see more news on employment and inflation come in before the official FOMC meeting. Actively trading, cautiously bullish, a bit surprised by how motivated this market is to recover. If there's any hesitation, it would make sense technically. I'm not interesting in calling tops/bottoms, I'm just interested in good levels to trade. Thanks for watching!!!23:36by ChrisPulver0
qqq trade reviewI go over this profitable trade I made on QQQ with the help of grizzly in team bull02:07by carsonusa53
Opening (IRA): TAN August 30th 38 Covered Call... for a 37.00 debit. Comments: Back into TAN (30-Day IV: 47.6%), selling the -76 call against stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Going with the August 30th, 46 DTE contract. Metrics: Buying Power Effect/Break Even: 37.00/share Max Profit: 1.00 ($100) ROC at Max: 2.63% 50% Max: .50 ($50) ROC at 50% max: 1.32% Will generally look to take profit at 50% max/roll the short call for duration on test.Longby NaughtyPinesUpdated 0
Opening (IRA): ARKK Sept 20th 38 Covered Call... for a 36.93 debit. Comments: High IVR/IV (77.6/43.3). 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: Break Even/Buying Power Effect: 36.93 Max Profit: 1.07 ($107) ROC at Max: 2.90% 50% Max: .54 ROC at 50% Max: 1.45% Longby NaughtyPinesUpdated 1
Opened (IRA): TQQQ Sept 20th 53 Monied Covered Call... for a 50.14 debit. Comments: Added another rung here on weakness/high IVR/IV (83/69.8), selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put with the built-in defense of the short call. Will generally look to take profit on rungs at 50% max, roll out the short call for duration and credit if it doesn't hit at 21 DTE. Longby NaughtyPinesUpdated 1
SPY: WAVE 3SPY is approaching the 0.786 fib retracement of wave 1. For wave 2, the standard is 0.618, but can go much higher. The condition of wave 2 is that it must not exceed wave 1. With today's run-up, we see volume exceptionally low. This should sound the alarm for traders and is showing me warning signs of a very large reversal. I am anticipating the largest drop in a single day that we have seen this year to come within the next few trading days. This drop will begin the start of wave 3 (the largest of the 5 waves) and many stocks that I follow are showing similar setups. All stocks that I have posted on this week are still within their range and I have not changed my thesis on them. META and AMD especially. Be patient for this setup. My target for the completion of Wave 3 is 464 (161.8% of wave 1). PT1 494, PT2 483Shortby FiboTrader1212148
Qqq ideaBuying puts here . Ridiculous how it’s up 8% non stop in just a few days . I expect a retrace here will only add more outs if this resistance fails and goes to fill the gap 480. Shortby Todopoderoso2