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SMCI LEVERED FOR THE TRUE REBEL SMCX 2 X SMCI FOR THE TRUE REBEL SMCX 2 X SMCI This one is the 2x Long Etf tracking SMCI As you know SMCI has been chewed and masticated super hard buy the scary short seller the Hindenburg Report Well here you have the financials for SMCI and a long read about the Nathan Adreson the creator of the FUD... and the research associated with it for you to make up your mind. "linkedin.com/pulse/smci-cash-reserves-17-billion-dfc-2024-10666-current-dcf-s-sc-n-e9aye/?trackingId=YS3R4IZ2ST+uWToO3IX1Og=="
NASDAQ:SMCXLong
by imcnf5c4ff
bear call spread on QQQThis is obviously over the election. I THINK ELECTION RESULTS "drag out" and we don't really "know" who wins until 11/15? or something? Now.. I'll start bumping up my GO TO CASH price anyway. This is essentially a market hedge that IF we trade sideways or have any more down movements, this trade works. IF we DO continue to go higher, I'll be profiting on my general portfolios and positions but I will go to cash around $505.05. BUT we need to hit that # in before 11/5. Otherwise, I'll begin increasing it. The overall trend is bullish. Bull put spreads DEF make the most sense. This certainly is more of a 'hedging' style trade for me. Not too large of risk.
NASDAQ:QQQ
by Reallifetrading
Opening (IRA): USO December 20th 65 Covered Call... for a 62.41 break even. Comments: High IVR/IV (79/51) plus weakness. Adding a rung to my USO position out in December at break evens better than what I currently have on. 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. Metrics: Buying Power Effect/Break Even: 62.41 Max Profit: 2.59 ROC at Max: 4.15% 50% Max: 1.30 ROC at 50% Max: 2.07% Will generally look to take profit at 50% max; look to roll out the short call on test.
AMEX:USOLong
by NaughtyPines
Opening (IRA): QQQ Nov 15th 420 Covered Call... for a 415.50 debit. Comments: After taking off my Nov 415 covered call in profit (See Post Below), re-upping here, but at a slightly higher strike (there are only five-wides available). The 420 is at the -87 delta, so this is less aggressive than I usually do (-75 delta call). However, I've already booked profit in the November cycle, so am fine with getting what is kind of a weak sauce ROC here with plenty of "room to be wrong," particularly with the elections coming up. Metrics: Buying Power Effect/Break Even: 415.50/share Max Profit: 4.50 ($450) ROC at Max: 1.08% 50% Max: 2.25 ($225) ROC at 50% Max: .54% Will generally look to take profit at 50% max, roll out the short call on side test/IV expansion.
NASDAQ:QQQLong
by NaughtyPines
Opening (IRA): IWM Nov 15th 194 Covered Call... for a 192.28 debit. Comments: Re-upping with a monied covered call in November with a strike that is slightly higher than what I previously had on at the 193. (See Post Below). Just looking to get a little more out of the November cycle before moving onto December without taking on a ton of additional risk ... . Metrics: Buying Power Effect/Break Even: 192.28 Max Profit: 1.72 ROC at Max: .89% 50% Max: .81 ROC at 50% Max: .45%
AMEX:IWMLong
by NaughtyPines
normal election volatilityim buying the election outcome for either candidate. heres my reasoning. both are proposing fiscal spending. both are campaigning on tax cuts. both candidates are contributing to a loosening monetary policy and impact on competition to us ai or agi and semiconductors. big tech runs on venture capital and both candidates are leveraging some form of trade war. here im looking at svxy for clues about how recession proof the s&p500 is to large cap volatility. based on the recency of the top in svxy i dont think were going to begin a broader market stock recession near all time highs without setting a lower quarterly high that fails to bring us a new weekly uptrend. this looks like selling in the leadup to the election which should be bought whenever the index sets a clear rebound level weekly.
AMEX:SVXYLong
by cerealindicator
$SPY November 1, 2024AMEX:SPY November 1, 2024 15 Minutes. Gap down did not allow to initiate any short which were closed earlier around 579 levels. 575 supports did not hold and AMEX:SPY continued to make lows. For the large rise 539.95 to 586.12 4SPY retraced to 38.2 % levels and also 50-day average in daily. If this is not supported, we can expect 558-=562 levels which is 100 averages. If we see the daily chart 565 is important to hold. If this is broken, we have a history where AMEX:SPY went back to 539-540 levels twice from that number. No trade day today. How ever for the fall 583.32 to 568.44 a retracement to 578 levels will give a chance to short. Depending on moving averages. At the moment SL is 580 being 200 averages in 15 minutes. We are having an oscillator divergence at lows near close. So, i expect a retracement.
AMEX:SPY
by RiderTrader
3
SPY Technical Analysis for Nov. 1, 2024Resistance Levels: $578.35: Immediate overhead resistance where recent selling pressure has been observed. This level could act as a barrier, especially in the early trading session. $583.29 to $584.50: Stronger resistance range. If SPY pushes above this, it could signal potential for further upside, but watch for rejection around this range if volume decreases. Support Levels: $569.40: Immediate support where buyers may step in. This level aligns with recent price action, showing buying interest. $568.44: Lower support level that has seen demand in the past. A breakdown here could lead to more downside pressure. Price Action and Trend: The chart shows a recent downtrend with a slight rebound today. If momentum carries into tomorrow, we may see a test of the $578.35 resistance. The MACD indicator shows a potential shift in momentum, suggesting a possible short-term recovery if it crosses upward. Entry/Exit Suggestions: Bullish Entry: Consider entering above $578.35 with volume confirmation. Target the $583.29 to $584.50 resistance zone for a short-term exit. Place a stop below $578.35 to manage risk. Bearish Entry: If SPY fails to break above $578.35 and shows weakness, consider a short entry with a target around $569.40. Stop loss should be set just above $578.35 to limit losses. Volume Analysis: Volume on this pullback suggests a strong interest level around current support zones. An increase in volume at resistance or support could indicate strength in the next price direction. "Disclaimer: This analysis is for informational purposes only and is not financial advice. Please conduct your own research and consider your risk tolerance before making any trading decisions."
AMEX:SPY
by BullBear-Insights
DIA is going up in October ...I suspect the DIA will start to go up in October. The 4 hour, 5 hour and 6 hour indicators have already indicated a move up. So the 7 hour and daily indicators will follow shortly. If you look at the 7 hour Directional Movement Indicator, you can see that the +DI is just turning and it is looking like a move up. I just started to use the Heikin-Ashi candlesticks as I find they show more of a definite direction on the chart itself. But I am still learning about this. :-) But you can see on the chart how you can see a definite direction on the chart itself. The Heikin-Ashi candlesticks are fascinating. I am trying to learn more about them. I use the MacD, DMI and the Stochastic RSI as my indicators, currently. I am using the fibonacci tool to give me a general idea for a target. But I am not using it correctly. The DIA has typically been moving between 25 - 30 points per move up so I am anticipating a move to 438. I anticipate it will move up until Oct. 20th - 22nd, then trade sideways before the election. After the election, regardless of who wins we will see the market go up. We are also in the 5th wave of the Elliot wave, so it's not surprising we will move up. I realize this is similar to my post about the SPY but I just thought I would try the DIA. I may expand my horizons looking at a different symbol! Happy Trading Everyone!
AMEX:DIALong
by Princessgirl
SPY adjusted in July for the election ...In July, the market adjusted slightly to prepare for the upcoming election on Nov. 5th, 2024. The SPY was usually topping out around the 22nd of the month, and started to go back up around the beginning of each month. But in July the downward movement lasted a little longer. (I circled the area where it started to adjust) and it started to go back up around August 6th. I suspect the market will start to go up tomorrow as the 4 hour, 5 hour indicators started to show a move upward. I believe it will gap up tomorrow and continue to go up. I should have entered today but missed my chance. I just started to use the Heikin-Ashi candlesticks as I find they show more of a definite direction on the chart itself. But I am still learning about this. :-) But you can see on the chart how you can see a definite direction on the chart itself. I use the MacD, DMI and the Stochastic RSI as my indicators. The SPY will move between 32 to 40 pts this month before a brief retracement prior to the election. This was the average movement in the past few months. I use the fib tool to get a general approximation of the target. I'm not exact on how to use the tool so my targets are a little off. I suspect the target will be around 598 (3.618 fib) to 604 (4.236 fib) It should hit this target around Oct 22 -25th before trading sideways or going slightly lower prior to the US election. After the election, the market will go back up. Happy trading, everyone!!
AMEX:SPYLong
by Princessgirl
13
Slowly starting to scale in on OILThe fundamental outlook for oil is looking bullish. Despite seasonality favoring lower crude oil prices towards the end of the year, the conflicts in the Middle East are pushing prices higher. Technically, the downward move that has been in place since the beginning of July could now experience a correction. Therefore, I’ll begin slowly scaling into oil at the 61.8% retracement level, keeping in mind that prices could drop further before the end of the year. According to seasonality, we could see the high in oil prices around May 2025. Let’s see how it plays out.
AMEX:UCOLong
by p4917
$SPY tough spot right now, but there's still a glimmer of hope!On the daily chart, there are three bearish signals without even considering indicators: 1. Price is below the EMAs. 2. With a gap down. 3. From a coil spring. On the weekly chart, the trend remains intact. However, if we drop below the fast EMA, a significant test will be the slow EMA. The key level to watch is the low of the daily channel line at $554, which aligns with the weekly slow EMA at approximately $551. For me, that represents the definitive line in the sand for SPY.
AMEX:SPY
by WavesInvesting
SPX 7-Minute Chart Analysis: Identifying Bullish MomentumThis SPX (S&P 500 Index) 7-minute chart provides a look into intraday bullish momentum using Heikin Ashi candles and moving averages. Here’s a breakdown of the key points and signals observed on this chart: Key Indicators and Signals: Call Signals: The chart shows multiple “Call Signal” indicators (in green) along the trend, which highlight points where buying momentum is potentially entering the market. Each of these signals aligns closely with support areas or pullbacks within the uptrend, offering opportunities for entries in line with the prevailing trend. Moving Averages (Orange and Blue Lines): Orange Line (VWAP): The orange line tracks closer to price action and appears to act as a dynamic support level, with prices bouncing off it several times as the trend progresses upward. This moving average helps confirm the short-term bullish trend. Blue Line (50 EMA or SMA): The blue moving average is further from the price but shows the overall upward trend. The price remains above this line, further confirming that bullish momentum is intact. Heikin Ashi Candles: The Heikin Ashi candles show consistent bullish candles (yellow) with few lower wicks, which indicates strong buying pressure. The limited presence of red candles reflects minor pullbacks rather than trend reversals, which is typical in a sustained uptrend. Gray Support Zone(ORB): There’s a gray support zone below the price AKA the opening range breakout, which was tested but held successfully. This area marks a key support level, as each time the price neared this zone, it bounced back, showing that buyers are defending this level strongly. Analysis and Outlook: Bullish Trend Confirmation: The consistent uptrend in SPX, supported by both moving averages and the strong Heikin Ashi candles, suggests that bullish momentum is likely to continue. The multiple “Call Signals” give confidence in the trend’s strength, indicating potential for further upside. Entry and Exit Opportunities: You could use the pullbacks to the orange moving average or gray support zone as potential entry points, aligning with the overall uptrend. Watch for continued “Call Signal” alerts near these areas for high-probability entries. Key Levels to Watch: Support: Gray zone around 5,719 - 5,720 and the orange moving average. Resistance: Look for any signs of resistance at psychological levels like 5,740 and 5,750, where some profit-taking might occur.
AMEX:IWM
by Deno_Trading