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Opening (IRA): USO December 20th 68 Covered Call... for a 66.48 debit. Comments: Back into the slippery stuff with /CL trading at 70.48. 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. My basic approach here is to dink and donk on the underlying when /CL is at $70/bbl. or below. Metrics: Break Even/Buying Power Effect: 66.48 Max Profit: 1.52 ROC at Max: 2.29% 50% Max: .76 ROC at 50% Max: 1.15% Will generally look to take profit at 50% max; roll out short call on take profit test. I'll also look to add "rungs" should I be able to do so at strikes/break evens better than what I currently have on.
AMEX:USOLong
by NaughtyPines
Opening (IRA): TLT December 20th 88 Covered Call... for a 86.84 debit. Comments: High IVR at 74.8% plus weakness. Looking to grab both the November 1st and December 1st dividends here while I twiddle my thumbs waiting for the general election to pass, selling the -75 delta call against shares 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: 86.84 Max Profit (Excluding Dividends): 1.16 Max Profit (With Dividends): 1.80 ROC at Max Excluding Dividends: 1.34% ROC at Max (With Dividends): 2.07% Immediately post-fill, I put in a GTC order to take profit at .20 short of max or 87.80, but may take if off after the December dividend drops if something more "sexy" gives me that come hither look.
NASDAQ:TLTLong
by NaughtyPines
2
Cup&handle and what next?into 2025- -An interest rate cut is expected - A new pro-business president -7 MAGS with a very strong projection forward - The NASDAQ market breaks records and continues the momentum -Focus on artificial intelligence: as companies like NVIDIA, Microsoft and Amazon continue to lead the market. We just have to keep following what is happening. $86-90 looks like a new gathering area? Wait for the volume and don't forget it is very volatile. Put stops correctly.
NASDAQ:TQQQLong
by YS2030
Soybean Oil - Unveiling Insights Beyond the Common PerspectiveAnalyzing Soybean Oil CBOT:ZL1! on a monthly chart, my focus is on WisdomTree Soybean Oil LSE:SOYO on the LSE. Here's the rundown: Bullish Surge: Prices skyrocketed by 281% from 2020 to 2022! Pullback: A retracement to the 61.8% Fibonacci level occurred from 2022-2024. Pattern Alert: Spotted a classic Head and Shoulders, key for forecasting. Despite the crowd's bearish interpretation of the H&S pattern, I'm not betting against this market. I'm a bull right now in this long-term bullish trend. That said, I'm not predicting an eternal rise. While I'm optimistic, managing risk is paramount. Always room for error, but I'm ready to take the bull by the horns.
LSE:SOYOLong
by VineyardWave
Metals & Miners Are About To EXPLODE HIGHER (50%-100%+)Please don't miss this opportunity. I've been studying the metals charts, and last weekend, the SILJ chart caught my attention. I started looking at longer intervals (Weekly and Monthly) to see what I could find. XME and SILJ are showing excellent Inverted Excess Phase Peak patterns that may resolve as a breakaway upward price trend over the next 8 to 24+ months - sending both XME and SILJ over 40-50% higher at a minimum. This sounds crazy, but Metals and Miners are probably the best opportunities for swing position trading right now as hedge investments and/or very long-term options play. There is nothing else out there that has a 100-200% rally potential and the ability to hedge against global risk factors. I believe SILJ, XME, Gold, Silver, & Platinum will likely be HUGE WINNERS over the next 12-24+ months. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SILJLong
by BradMatheny
2
SPY/QQQ Plan Your Trade For 12-3: Gap ReversalToday's Gap Reversal pattern in a Counter-Trend mode suggests the SPY & QQQ will experience an opening price GAP - followed by a reversal of trend - possibly to the upside. I believe we need to watch how the GAP forms at the open to determine if we are likely to see an upward or downward price trend throughout the rest of the day. My analysis suggests an upside price move is more likely than a downward price move today for the SPY/QQQ. Gold and Silver appear ready for a liftoff. Silver appears to be attempting to break above the recent high price levels and Gold should follow along. I believe any Gold and Silver are poised for a big rally phase - but that rally will come when the US Dollar advance stalls and pulls downard a bit. Bitcoin is still trending in a Flagging formation - setting up the Phase #2 of a Bullish Excess Phase Peak. We need to watch for a breakdown in price - possibly sending BTCUSD down to $80k-$82k. I urge traders to stay cautious (Still). This is not the time to be aggressive as I still believe the low liquidity in the markets will present a very real risk of a volatility event (the Anomaly Event I keep suggesting is likely). Remember, if you can't take the lumps, stop and rethink what you are trying to trade. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
5
strated acumulating fmcg giants base building started the etf holdings are the fmcg giants of india and have started to make a base around here i dont want to take a bulk trade at the bottom i dont want to find the bottom and will accumulate this etf for a good exit price in jan end or feb month targets i have not yet figured out the targets but a move above 70 is where i will evaluate again but this a time for me to start accumulate and i expect it to move in tight range and build a base around these levels underlying names that this etf price will reflect are NSE:HINDUNILVR NSE:ITC NSE:NESTLEIND NSE:DABUR BSE:BRITANNIA NSE:MARICO there may be some more names but these are enough for me to build my positions here
BSE:FMCGIETFLong
by Tradegainer
1
strated acumulating fmcg giants base building started the etf holdings are the fmcg giants of india and have started to make a base around here i dont want to take a bulk trade at the bottom i dont want to find the bottom and will accumulate this etf for a good exit price in jan end or feb month targets i have not yet figured out the targets but a move above 70 is where i will evaluate again but this a time for me to start accumulate and i expect it to move in tight range and build a base around these levels underlying names that this etf price will reflect are NSE:HINDUNILVR NSE:ITC NSE:NESTLEIND NSE:DABUR BSE:BRITANNIA NSE:MARICO there may be some more names but these are enough for me to build my positions here
BSE:FMCGIETFLong
by Tradegainer
SPY Analysis: Strategic Playbook for Scalping and Swing for 12/3SPY continues to showcase strength as it nears key resistance zones. This comprehensive analysis outlines critical price action, support/resistance levels, and actionable trading strategies for both scalping and swing trading. Technical Analysis and Price Action 1. Trend Overview:
SPY maintains a strong bullish trend, breaking out of a consolidation phase. Price action aligns with higher highs and higher lows, confirming bullish sentiment. 2. Key Support & Resistance Zones: * Support Levels: * Primary: $603.60 (current breakout level). * Secondary: $600.89 (short-term support). * Resistance Levels: * Immediate: $604.32 (daily high). * Strong Resistance: $606.00 (psychological barrier). 3. Liquidity Zones and Order Blocks: * Buyers are concentrated around $600.89, indicating strong demand. * Sellers dominate near $604.32, hinting at potential profit-taking zones. Game Plan and Playbook Scalping Strategy * Entry: * Long: Above $604.32 with confirmation of strong volume. * Short: Below $603.60 if bearish pressure increases. * Targets: * Long Target: $606.00. * Short Target: $602.00. * Stop Loss: * Long: $603.20 (below breakout level). * Short: $604.00 (above breakdown level). Swing Trading Strategy * Bullish Setup: * Entry: Retest of $600.89 with bullish candlestick confirmation. * Target 1: $606.00. * Target 2: $610.00 (extension target). * Stop Loss: $599.00. * Bearish Setup: * Entry: Breakdown below $600.89 with increasing volume. * Target 1: $597.29 (key support zone). * Target 2: $595.00. * Stop Loss: $601.50. Projection: Where SPY Could Head Next SPY is expected to test the $606.00 level if it sustains above $604.32. Failure to hold $603.60 could lead to a pullback toward $600.89 or lower. Volume will play a critical role in determining the direction. Key Indicators to Watch * MACD: Remains bullish, supporting upward momentum. * RSI: Near overbought territory, suggesting caution at higher levels. * Volume: Monitor for confirmation of breakout or breakdown. My Thoughts and Suggestions SPY’s bullish momentum is promising for intraday and swing trades. Scalpers should remain cautious near resistance levels, while swing traders can look for pullbacks to key support zones for entries. Patience and discipline will be crucial to avoid false breakouts. Conclusion SPY presents strong opportunities for traders with clear levels to monitor. Sticking to the game plan and managing risk effectively can lead to profitable trades. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk appropriately.
AMEX:SPY
by BullBearInsights
QQQ Analysis: Scalping and Swing Trade Strategies for Dec. 3QQQ has displayed strong bullish momentum, breaking out of its recent consolidation. This analysis provides a detailed trading plan, highlighting critical support and resistance levels, price action insights, and actionable strategies for both scalping and swing trading. Technical Analysis and Price Action 1. Trend Overview:
QQQ has broken out of its descending channel, signaling bullish strength. The MACD confirms upward momentum, with volume increasing on the breakout. 2. Key Support & Resistance Zones: * Support Levels: * Primary: $511.35 (previous resistance, now turned support). * Secondary: $510.11 (gap-fill level). * Resistance Levels: * Immediate: $516.26 (current high). * Strong Resistance: $520.00 (psychological level and previous supply zone). 3. Liquidity Zones and Order Blocks: * Buyers are concentrated at $511.35, suggesting strong demand. * Sellers are active around $516.26, indicating a supply zone. Game Plan and Playbook Scalping Strategy * Entry: * Long: Above $516.26 with confirmation of strong volume. * Short: Below $511.35 if breakdown occurs. * Targets: * Long Target: $518.00 (minor resistance) and $520.00 (major resistance). * Short Target: $510.11. * Stop Loss: * Long: $515.00 (below breakout level). * Short: $512.50 (above breakdown level). Swing Trading Strategy * Bullish Setup: * Entry: Retest of $511.35 with bullish candlestick confirmation. * Target 1: $520.00. * Target 2: $525.00 (extension level). * Stop Loss: $509.00 (below support). * Bearish Setup: * Entry: Breakdown below $510.11 with increased selling volume. * Target 1: $502.00 (previous consolidation support). * Target 2: $495.00. * Stop Loss: $512.50. Projection: Where QQQ Could Head Next QQQ appears poised to test the $520.00 level if it sustains above $516.26. Failure to hold above $511.35 could trigger a pullback to $510.11 or lower. Volume will be critical in confirming the direction. Key Indicators to Watch * MACD: Bullish crossover supports further upside. * RSI: Near overbought, signaling potential caution at higher levels. * Volume: Watch for spikes to validate breakout or breakdown scenarios. My Thoughts and Suggestions QQQ is showing strong bullish momentum, but traders should exercise caution near resistance levels. Scalpers can capitalize on intraday volatility, while swing traders should wait for a retest of support or confirmation of a breakout. Patience is key to avoiding false breakouts. Conclusion The Nasdaq-100 ETF offers compelling opportunities for traders, with clear setups for both bulls and bears. By adhering to a structured plan, traders can maximize their edge while minimizing risk. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk carefully.
NASDAQ:QQQ
by BullBearInsights
Opening (IRA): SPY Dec 20th 505 Covered Call... for a 501.71 debit. Comments: Re-upping at a higher strike than the one I just took off, looking to capture an additional little increment of upmove that I missed out on. If you wanted to be really anal about it, you could capture all of the up move over time (or capture the same increment more than once). For example, say I just took off the November 15th 500 covered call at or near max (e.g., 499.80). I can then shop for a monied covered call to capture the next increment of movement from 499.80 up, so I'd want to get into a setup for 499.80 or less. This would be the Jan 31st 506 covered call, currently trading for 499.72 and would ostensibly capture the move from 499.72 to 506 (assuming, naturally, a finish above 506). In the next iteration, I would look to capture the move from 506 up, and so on, all the way until my short call was at-the-money or out-of-the-money, depending on what I was trying to do with the setup.
AMEX:SPYLong
by NaughtyPines
Short Semiconductors on Falling DemandThe semiconductor ETF NASDAQ:SMH is currently trading at an all time high because of the belief that there will be increased demand for semiconductors arising from the applications of generative AI. However, on a fundamental level, semiconductor revenue has been dropping for the past five consecutive quarters ( Omdia ). In fact, in the first quarter of 2023 alone, semiconductor revenue dropped 9% from the previous quarter ( Omdia ). As I see it right now, here are some positive points for semiconductor companies: Generative AI has increased demand for semiconductors Cryptocurrency prices are high, increasing demand for semiconductors and some negative points for semiconductor companies: Overextended from Moving Average 300 Generally declining demand Decreased consumer demand for gaming PCs as Economy heads into recession (since gaming PCs are a luxury good) US Semiconductor Equipment is being used in China, increasing supply and therefore decreasing price for semiconductors. Burry entered a large put position on SOXL, and NVDA put premium is currently extremely high Overall, I am bearish on semiconductors because I think the AI argument is priced in excessively considering the previously dropping demand, and have purchased puts to profit off a potential fall in the value of semiconductor companies.
NASDAQ:SMHShort
by spiritualhealer117