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Opening (IRA): USO Nov 15th 67 Covered Call... for a 65.26 debit. Comments: Adding a rung at strike prices better than what I currently have on, selling the -75 delta call against long stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Metrics: Buying Power Effect/Break Even: 65.26 Max Profit: 1.74 ($174) ROC at Max: 2.67% 50% Max: .87 ROC at 50% Max: 1.33% Will generally look to take profit at 50% max/roll out the short call on side test.
AMEX:USOLong
by NaughtyPines
Parabolic SAR Technical IndicatorParabolic SAR Technical Indicator 📜 The Parabolic SAR (Stop and Reverse), first introduced in 1978, is a technical indicator used to identify potential trend reversals in financial markets. It is represented as a series of dots placed above or below the asset’s price. The key concept behind the Parabolic SAR is that the price follows a parabolic movement until a trend reversal occurs. 📊 When the SAR points are below the price, it indicates an uptrend. Conversely, when the points are above the price, it suggests a downtrend. If the price touches or surpasses the SAR, a reversal signal is generated, and the dots switch position. This can help traders identify potential changes in market direction. 📈 This indicator is most effective in trending markets. However, in sideways or directionless markets, the Parabolic SAR tends to generate false signals, which can lead to confusion. Therefore, its best application occurs in well defined bullish or bearish markets. 🧮 Functionality and Mathematics ▪️ The Parabolic SAR falls under the category of trend-following indicators. Unlike oscillators, which try to predict price changes, focuses on confirming the current market direction, helping traders capitalize on extended market moves. 🤖 Mathematically, is based on a formula that adjusts its value according to price and time. The calculation incorporates two key variables 1️⃣ EP Extreme Point🟰 The highest or lowest point reached during the current trend. 2️⃣ AF Acceleration Factor🟰 Starts at a low value, like 0.02, and increases in fixed increments each time the price reaches a new high or low. 🚀 In essence, the Parabolic SAR measures the trend’s acceleration, dynamically adjusting its values to follow the price. 👨‍🏫 Considerations ▪️ Parabolic SAR is part of traditional technical analysis and is widely mentioned in J. Welles Wilder’s book New Concepts in Technical Trading Systems. While useful for identifying trends, it is less effective in markets where the price consolidates, as it tends to generate more false positives, which can create confusion. ▪️ Other examples of trend following indicators include moving averages simple or exponential and the MACD. 🧐 Have you heard of this indicator? Which do you consider an essential one?
NASDAQ:TSLL
by Mariofxtr
UNG to $60 ...... is the idea...... UNG is the way to play Nat Gas. Nat Gas traders fir under production costs at $6.5 to $7.5 per BTU - UNG at $6.5 per BTU will trade above $60 Nat Gas is cyclical, it moves in 4 year intervals, perfect to start the move Up now. Please research my findings. Cyclicality of the NAt Gas Market Nat Gas is industry's energy Nat Gas is the cleanest form of fossil fuel energy. Nat Gas goes for $67 per BTU in Europe, the USA needs to be selling Nat Gas. Many other positive things about NAT GAS and its required expansion. We need Nat Gas and plenty of it.
AMEX:UNG
by imcnf5c4ff
2
TLT - Golden CrossThe Golden Cross is the Creme de Crop when it comes to longer minded individuals. I'm liking this 20Y bond ETF for the reasons listed on the chart. . . . . . . . . . . . Mark 8:36 - For what does it profit a man to gain the whole world and forfeit his soul? Acts 4:11-12 - This Jesus is the stone that was rejected by you, the builders, which has become the cornerstone. And there is salvation in no one else, for there is no other name under heaven given among men by which we must be saved.”
NASDAQ:TLTLong
by rhall6451
1
Working To Unlock The 3-6-9 Secrets Of The MarketRecently, there have been a lot of questions related to my SPY Cycle Patterns and how they work. I've often stated that these patterns are based on Gann, Tesla, and Fibonacci's price theory. However, underlying all that is a core component related to the 3-6-9 (secrets of the universe) theory. This video tries to introduce you to the concepts of the 3-6-9 theory and how it overlays with Gann, Tesla, Fibonacci, Japanese Candlesticks, and more. My focus for the past 24+ months has been to unlock this theory's secrets and develop a practical use component (code) that attempts to provide very clear future trading/price predictions. Spend some time watching this video. See what you think and open your mind to the concept that price moves through construction and destruction phases (likely based on the 3-6-9 concepts). At the end of this video, I share some practical knowledge/examples showing why I believe the 3-6-9 theory is critical to unlocking the true secrets of market price action. I may never be able to unlock all of it, but I'm dedicated to trying to unlock as much as I can within my lifetime. This drives me to build code solutions and attempt to improve my skills. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYEducation
by BradMatheny
7
$DIA Analysis, Key Levels & Targets for 10.24.24OK, so the bottom of the implied move for the week and the top of the implied move for the day overlap with a bear gap. That is a very interesting signal and something that I have never seen before. So, getting back into the implied move for the week could be a challenge, which is above 427. Without being sad, the implied move for today is between 420 and 430. To the upside, we have the 30-minute average, and right above that, the 35 EMA. Those two levels need to be watched carefully because they will determine direction. If that 35 EMA (the red line) crosses underneath the 30-minute moving average, then we are bearish after a pretty good run. But, we can, of course, bounce here. When I say bounce, I am talking about the 35 EMA, but where futures stand right now, a crossover underneath is more likely at this point. And at the very top of the implied move today, right there at the bottom of the implied move for the week, is that bear gap that we made yesterday. We bear-gapped and dropped away from the 35 EMA; that is 430 on the high side, 427 on the low side. And then underneath us is that one-hour moving average, which did catch us almost to the penny yesterday. Below that, 420 is the bottom of the implied move if we do break that one-hour moving average with conviction. It does look like we lost our 427 support that we made after PPI earlier in the month. Let me know what you guys think and GL.
AMEX:DIA
by SPYder_QQQueen_Trading
$IWM Analysis, Key Levels & Targets for 10.24.24OK, so in IWM, we had a big move this week, and one thing to definitely be aware of is that the 35 EMA is sitting right at the 30-minute moving average. If we get follow-through there, meaning that the 35 EMA crosses underneath and continues going down, then we are bearish in IWM. There's a lot of mixed signals, such as stochastic RSI being extremely oversold, but we also dipped underneath the bottom of the implied move for the week yesterday, as opposed to finding that level as support. We did make two down gaps today, and we've been seeing the 35 EMA as resistance for the entire week. Above us, we have the 30-minute and the one-hour averages, as well as the 35 EMA and the down gap, all in one resistant area, which could be a tough level. At the very top of the trading range, we also have a down gap from Tuesday, and underneath us, we have the 50-day moving average, and just a little bit above that, we do have a small support at 218, which is where we saw a bounce yesterday. So, there's an interesting channel that we have between the 50-day moving average and the one-hour moving average. The top of the implied move for today's contract is 222, and above that, 223 on Friday's contract. We also have the bottom of the implied move for the week at 221, which is right underneath that mess of resistance. It looks like at pre-market, we might be gapping up to that level, which would give us a gap and two gaps in the upper half of the implied move. Then, the implied move to the downside is 216 and 215 on Friday's contract, and that looks like a beautiful spread if we drop because that 50-day moving average is right above it.
AMEX:IWM
by SPYder_QQQueen_Trading
$QQQ Analysis, Key Levels & Targets for 10.24.24OK, here in QQQ we bounced yesterday after a really big drop on the one-hour 200 moving average. 486 is the bottom of the implied move for the week, and that is also where we bounced. So, the two levels together caught us. Now, to the upside, we have the 30-minute 200 moving average. We did crush through that level without much support there and then dropped down to the one-hour average. Right above that, we have the 35 EMA on the 30-minute timeframe; those two levels are extremely important. If the 35 EMA crosses underneath the 30-minute moving average, then we are bearish. However, this can suggest a sufficient enough pullback, and we can bounce here. In which case, 494 is the top of the implied move, and 495 is the top of the implied move on Friday's contract. At the very top of the trading range, we do have the down gap from yesterday; the gap is at 496. And to the downside, we do have that one-hour moving average which caught us yesterday, just underneath that 486, which is the bottom of the implied move for the whole week, based on how we closed last week. Underneath that, 484 is the implied move for the day; we have the 50-day moving average underneath that, and then 482 is the bottom of the implied move on Friday's contract. So, if we do drop, I would suggest 483/482 bull put spreads since that would be tucked away underneath the 50-day moving average.
NASDAQ:QQQ
by SPYder_QQQueen_Trading
1
$SPY Analysis, Key Levels & Targets for 10.24.24Alright guys, so I'm not making a video tonight. I lost my voice; I caught a cold or something like that. But, we are opening right at the bottom of the implied move for the week, which is 578, and we also closed right at the 30-minute moving average. So, if you look at that momentum—the 30-minute moving average momentum and the one-hour moving average momentum—that does have us trading slightly up today. We have the 35 EMA above us, and at the very top of the implied move, we have the bear gap from yesterday. The top of the implied move is at 582 and 584 for the Friday contract. Remember, we have Amazon earnings today after hours. Underneath the one-hour moving average on the downside, the bottom of the move is 573, and 572 on Friday's contract.
AMEX:SPY
by SPYder_QQQueen_Trading
2
SPY Ready for a Reversal? Key Levels to Watch for Oct. 24,2024Key Resistance Levels: 580.29: This level has acted as a strong resistance point. If price approaches this level tomorrow, watch for a rejection for potential short setups. 584.44 - 585.45: If SPY breaks through 580.29, this higher range will be your next resistance zone. Look for reversal patterns if SPY reaches this zone for a possible fade or continuation trades. Key Support Levels: 578.54 - 578.56: This support area could be crucial for a bounce. If SPY shows strength at this level, it may provide opportunities for long trades targeting resistance near 580. 574.41: A breakdown below this level could trigger a larger bearish move, opening room for short setups targeting the next lower support levels. Trendline: The downward sloping trendline is acting as dynamic resistance. A break above this line near the 580 region could signal the start of a bullish reversal, with potential to ride the momentum up to the 584 range. Volume and Momentum: Recent sell-off volume suggests sellers are still in control. Keep an eye on volume tomorrow—if the selling pressure continues, watch for breakdowns below key support levels. MACD are showing early signs of recovery from oversold conditions, which might signal a potential short-term bounce. My Thoughts for Tomorrow’s Trading: For scalpers, focus on the 578-580 range for quick trades. A bounce at support or a rejection at resistance should provide clean entries and exits. For swing traders, a break above 580 could indicate a short-term bullish reversal, targeting 584-585. On the downside, a breakdown below 574 could lead to further declines. Keep your trades tight, especially with the market volatility. Use these key levels as a guide, and watch how price reacts around them for confirmation. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and manage risk appropriately. Trading involves risk, and past performance does not guarantee future results.
AMEX:SPY
by BullBearInsights
URNM heads up at $53.55: Golden Genesis fib is decision pointNuclear stocks have been exploding (lol). This ETF has just hit a major landmark. Recently proven Golden Genesis fib here. It is PROBABLE we orbit this a few times. It is POSSILBE that we break and continue. It is PLAUSIBLE for a lower high of the top. $ 53.55 is the exact level of interest. $ 49.43 is first support, 46.88 stronger. $ 60.22 is next target if break and run. See Related Ideas below for other Nuclears. ====================================== .
AMEX:URNM
by EuroMotif