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Opening (IRA): TQQQ August 16th 73 Monied Covered Call... for a 70.80 debit. Comments: High IV at 55%. Buying a one lot and selling a -75 call against in the August 16th monthly to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. I looked at doing something in the 45 DTE wheelhouse, which would be the August 30th expiry, but it was less liquid than the monthly, so opted to go shorter duration, with the plan being to roll out to the September monthly should we get further weakness and/or a test of 73. Otherwise, I'll look to just take profit at my standard 50% max. Metrics: Buying Power Effect/Break Even: 70.80 Max Profit: 2.20 ROC at Max: 3.11% 50% Max: 1.10 ROC at 50% Max: 1.55%
NASDAQ:TQQQLong
by NaughtyPines
SPY/QQQ Plan Your Trade For 11-8 : Counter-trend RallyHappy Friday everyone, Today's SPY Cycle Pattern is a Rally in Counter-trend mode. I interpret this as a moderate downward price trend for the SPY - possibly pulling the SPY into the GAP created after yesterday's opening GAP rally. I got into deep detail related to the potential anomaly event setting up over the next three weeks for the SPY & QQQ in this video. I also go into a fairly deep analysis of Gold and Silver - relating my expectations and how these moves align cleanly with an inverted Excess Phase Peak pattern. And, I even go into broad detail for BTCUSD and how I see multiple aligned Excess Phase Peak Patterns setting up to drive big trends over the next 3-4 weeks. As I stated near the end of this video, the next 5-7+ years are going to be filled with opportunity. I suggest everyone get ready for the biggest opportunity of your life. I hope you enjoy my videos and research. I know some of you have already experienced tremendous success following my research. I'm urging to you consider the opportunity that will be available as the markets continue to trend through my window of opportunity - and how you want to try to profit from these moves. Remember, the markets will always be there - but these opportunities are unique to the next 5-7+ years. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
2
Are Silver Miners Poised to Outperform Gold Miners?Introduction: At the start of 2024, we were strong advocates for precious metals, and this strategy is paying off. Gold is consistently reaching new all-time highs, while silver is surging to levels not seen in over twelve years, finally capturing public attention. However, during a genuine bull run in precious metals, it's crucial to watch for mining stocks to outperform the spot prices of the metals. The lesser-known secret among gold enthusiasts is that investing in mining stocks often yields higher returns than holding physical metals. Analysis: Spot Prices vs. Mining Stocks: While gold and silver spot prices are making impressive gains, the true potential lies in mining stocks. Historically, mining stocks outperform physical metals during strong bull runs because of their leveraged exposure to rising metal prices. Silver Outperformance: We focus on the potential for silver to outperform gold, especially as silver has been gaining momentum. In this context, it's key to monitor the performance of silver miners (SIL) compared to gold miners (GDX). Broadening Wedge Pattern: Currently, the ratio between SIL and GDX is forming a broadening wedge pattern. A breakout from this pattern could signal a surge in silver mining stocks, indicating a shift where silver miners may start to outshine their gold counterparts. Conclusion: As precious metals continue their strong performance, the focus shifts to mining stocks, where the potential for higher returns lies. A breakout in the SIL-to-GDX ratio could mark the beginning of a new phase, with silver miners taking the lead. Traders and investors should keep a close eye on this ratio as a key indicator of the next big move in the precious metals sector. What are your thoughts on this potential shift? Share your insights below! Charts: (Include relevant charts showing the SIL-to-GDX ratio, the broadening wedge pattern, and potential breakout targets) Tags: #Gold #Silver #MiningStocks #PreciousMetals #SIL #GDX #TechnicalAnalysis
AMEX:SIL
by Richtv_official
SPY Near Resistance: Continuation or Pullback?Analysis: Price Trend & Momentum: SPY has shown a strong rally, breaking above previous resistance levels and establishing a new high at $596.65. However, the price action appears to be consolidating near the high, which might indicate a potential pause or a pullback before the next move. Volume Analysis: Volume has been decreasing as the price approached the $595-$596 zone, suggesting a lack of strong buying conviction at these elevated levels. Watch for a volume increase as an indication of continuation or reversal. Moving Averages: The 9 EMA is currently acting as support, with the price staying above it. This indicates that bulls are still in control. A break below the 9 EMA could lead to a retest of the 21 EMA, which is currently sitting around the $583.27 level. Support and Resistance Levels: Immediate Resistance: $596.65 (recent high and potential double-top formation) Support Levels: First Support: $583.27 (strong support near the 21 EMA) Second Support: $579.47 (previous breakout level) Key Support: $575.58 (major pivot level, failure to hold here could lead to a deeper correction) Critical Support: $567.89 (previous swing low, below which bearish sentiment could intensify) MACD Analysis: MACD is showing a bearish crossover on the 1-hour chart, suggesting a loss of momentum. This could be an early sign of a pullback or consolidation phase. Price Action Expectation: Bullish Scenario: If SPY can hold above $595.58 and break above $596.65 with strong volume, we could see a continuation towards the $600 psychological level. Bearish Scenario: Failure to hold the $583.27 support could lead to a pullback towards the $579.47-$575.58 zone, where buyers might step in. A break below $575.58 would be a significant bearish signal. Conclusion: SPY has rallied significantly in the past few sessions, driven by strong market momentum. However, the current consolidation near resistance could indicate a potential pullback or a pause before the next leg up. Keep an eye on volume and the key support levels for confirmation of direction. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please perform your own research or consult with a financial advisor before making trading decisions.
AMEX:SPY
by BullBearInsights
FBTC: Break Out After 12 Months of Sideways - DCA TradeAll the white lines are buys. My weighted average price per share would be somewhere in the middle. I Dollar Cost Averaged into the position from basically the launch of the product on exchanges earlier this year, Say March 24. The trade looks to finally be playing out. Long Term Hold position for me, and will add on higher timeframe (1 Day, 3 Day, Weekly) oversold conditions outside a normal standard deviation. Fun time to be a trader at the moment.
CBOE:FBTCLong
by BitInfo12
Opening (IRA): SMH October 18th 220 Covered StraddleComments: Third highest 30-day IV (46.1%) on my options highly liquid ETF board behind BITO and TQQQ. There are two different aspects to this trade, the first being the 220 monied covered call with the short call at the -75 delta. I had to route this as two separate trades and got filled for covered call aspect for a 213.35 debit. The same strike short put is at the +21 delta strike, I got filled for a 5.05 credit. Metrics: Buying Power Effect: 428.30 Break Even: 213.35 for the covered call; 214.95 for the short put Max Profit: 6.65 (for the monied covered call) + 5.05 (for the short put) = 11.70 ROC at Max: 2.73% 50% Max: 5.85 ROC at 50% Max: 1.37% Generally speaking, I'll look to take profit at 50% max; otherwise, I'll look to roll out the short straddle as a unit to maintain net delta at or below +50 (100 delta for the shares, -75 for the short call, + 25 for the short put).
NASDAQ:SMHLong
by NaughtyPines
Fibonacci/Gann & 3-6-9 Chart Play: The TOP may be IN I was trying to identify if/how the market may be topping in relation to the post-election rally phase and started with a blank Daily SPY chart. After drawing a few line of the chart, I started with an idea that Broad market pullbacks may be the key to identifying/timing market expansion phases (coupled with a bit of logic). This video highlights this theory going back to 2018 and examines a number of price pullback trends as well as Fibonacci Timing structures related to Fibonacci Price Expansion blocks. I think you will find this very useful as I continue to delve deeper into the 3-6-9 structure, polarity shifts (binary shifts) and trying to unlock the secrets of price trends/extensions. Hope you enjoy... Oh.. and it looks like the US markets are about to top if my research is correct. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
4
BOIL from $8.86 to $10MODs 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. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Price at bottom of channel (period 52 39 & 26) Stochastic Momentum Index (SMI) at oversold level VBSM is negative Impulse MACD is flat crossing over to the downside Price at near Fibonacci level In at $8.86 Target is $10 or channel top Stop loss is $8.63
AMEX:BOILLong
by chancethepug
WHAT'S FLOWING; ETFS EDITIONUR (Upper Left): Strong upward momentum with a long position signal, indicating a potential breakout above resistance. IJR, IWN (Top Row): Both charts show upward movement above key levels, suggesting bullish sentiment. Each appears to be breaking out from consolidation zones, with recent price action pushing above the VAH and Ichimoku support. DGRO (Top Right): A mixed sentiment, with a pullback toward Ichimoku support and volume-based resistance, indicating potential consolidation or a cautious buy signal at lower levels. RSP, SPLV (Bottom Left): Positive momentum with price moving into higher bands, indicating upward trends. SPLV shows strong support around the Ichimoku cloud, suggesting resilience and a bullish sentiment . IUSV, SCHV (Bottom Row): Both charts display strong bullish momentum with prices moving above resistance zones, supported by volume and Ichimoku cloud patterns, suggesting a potential rally continuation.
AMEX:IJR
by moneymagnateash
$10 by June 2024It's 2024, 3 years since people received free money from our government, people already started draining their savings accounts. Everything got much more expensive. Rising auto loan, credit card, mortgage delinquencies. We already had crypto pumps begging this year and these pumps were much smaller than 2021. I don't think people have money to pump anything anymore. The recent GME and AMC pumps were also small compared to 2021 pumps. I think time is about to come for the entire crypto industry. Let's be honest, it's a pure game. I'm long BITI. Current position: 5000 BITI shares.
AMEX:BITILong
by iTheOne
6
SPY/QQQ Plan Your Trade For 11-7 : Rally Pattern DayGood morning, Although I would argue the post-election rally may already be moving into exhaustion, the SPY Cycle Patterns suggest today is a Rally pattern in Trending mode. So, I expect the markets to attempt a bit of a carryover rally phase today - moving into a Counter-trend Rally pattern tomorrow. That counter-trend rally pattern suggests the markets will try to find a peak/top and roll downward into the close of the week. Gold and Silver appear to be basing with a potential for another move downward today - retesting recent lows. Based on my estimate related to Fibonacci Time Cycles, I believe Metals is looking for a momentum base to rally off of. Thus, I suggest traders prepare for a big move upward in Gold and Silver over the next 4 to 7+ trading days. Bitcoin is still in a Bullish trending phase after breaking into new highs. Today, I spent quite a bit of time going over the Excess Phase Peak pattern related to how the price is trending and what to expect. It is critical to understand that the markets will move away from this post-election relief rally phase over the next week or so. Ultimately, what has changed is that we have a new POTUS with new policies and objectives in 2025. Right now, everything is still pretty much the same as it was last week. Volatility is still high and I urge traders to stay cautious. The time for adding more liquidity will come after November 25-30. Remember, the number 1 rule for traders is to Protect Capital. You can still trade, just trade much smaller allocation levels for now. We are about to move into a period of moderate consolidation. Sit back and wait out this sideways trend. The real opportunity will come after November 25-30. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
2
TLT UpWhy am I still expecting TLT to rise? Let’s start with the fundamental reasons. After the election, when we focus on Trump’s four main economic directions, it’s hard to think anything other than that we’re in for inflation growth, an increase in interest rates, and so on. Specifically: 1. A 10-20% tariff on imported goods, and a sudden 60% on goods imported from China. This naturally points to price increases for goods, and we’ve already seen this kind of policy back in 2016. However, in the past eight years, many geopolitical perceptions have changed, and the US position in the global market is substantially different from what it was eight years ago. Some restrictions on certain types of goods might be possible, but applying tariffs across all goods? - I don’t believe so. 2. Income tax reduction. What does this mean? Yes, it’s a realistic but very low-weighted plan. In line with populism, there will be a reduction in taxes, but it can hardly have a significant impact on the overall US budget deficit. 3. Deporting immigrants. To some extent, it will have a minimal effect on the labor market. It’s important to note that immigrants’ labor is not generally secured within the US labor market anyway, and it’s unlikely that US residents would have greatly expanded opportunities in their place. 4. Growth in energy production volumes. It would be redundant to write long paragraphs on how this will have a positive impact on prices. These four points sum up the populist promises. In another reality, the US Federal Reserve is successfully battling inflation; abnormally high rates only harm issuers, while European spreads are reaching historical highs. After the 1980s, Bond Vigilantes might be set for a return, which would pose significant problems for US Treasuries. We’re waiting for the Fed’s press conference today.
NASDAQ:TLTLong
by gorgevorgian
$SPY up to $614 as final blow off top move?I initially thought we'd see a move down of 5%-10% pre election. I played the move through AMEX:UVXY calls. We didn't end up seeing the full move play out that I had expected, but was able to capitalize on the move down yesterday when AMEX:UVXY was above $30. I sold all my calls yesterday as I expected downside to only be possible prior to Nov 1. So far, it's looking like that was a good call as we're starting to see a bounce today. Now that we've in November, I expect a bullish move to play out through the election and after for a final blow off top. I think it's likely that we see a move to $614 over the next two weeks. I'll be buying $600C today for 11/15 to try to capitalize on this move higher. Let's see if it plays out.
AMEX:SPYLong
by benjihyam
13