Discussed the potential play of $240 July 19th Puts on the SPY if we break below $240 with a target of $236. However this is a VERY high risk/advanced play and would assume potential 100% loss of whatever one puts in as could expire worthless as with any option trade.
VXX seems starting to make a move, and breaking up its key resistance point. We think it has strong upside potential for current label. * Trade Criteria * Date First Found- July 6, 2017 Pattern/Why- Fallen angel formation, Breakout trade Entry Target Criteria- Break of $13.67 Exit Target Criteria- $15.23 Stop Loss Criteria- N/A Please check back for Trade...
BR looking very interesting short setup. It seems forming downward momentum & it has good down side potential. * Trade Criteria * Date First Found- July 6, 2017 Pattern/Why- Momentum Short setup Entry Target Criteria- Break of $73.34 Exit Target Criteria- $64.23 Stop Loss Criteria- $77.33 Please check back for Trade updates. (Note: Trade update is little...
SIX is one of the older alerts. It is going down & now approaching a key support areal around $57. We think it has good downside potential if it can break down.
TROV - Possible long here if we break 1.33, Stop signal 1.13, - Insider buying. Possible target of 1.73
RTK seems to be making another upward run. It formed a nice little base & now showing upward momentum. Overall a nice speculative long setup with good upside potential. * Trade Criteria * Date First Found- July 5, 2017 Pattern/Why- Fallen angel, breakout Long Entry Target Criteria- Break of $0.57 Exit Target Criteria- $0.93 Stop Loss Criteria- $0.43 Please...
MDCA looks a very nice momentum long setup. It seems breaking out forming a flag formation. It also has some insider buying. Overall a very good long setup. * Trade Criteria * Date First Found- July 5, 2017 Pattern/Why- Flag formation, Momentum setup Entry Target Criteria- Break of $10.23 Exit Target Criteria- $11.15 Stop Loss Criteria- $9.49 Please...
CNSL seems forming a inverse head & shoulder formation, and it seems breaking out its neckline now. Moneyflow had strong divergence & now shooting up. Overall very good long setup. * Trade Criteria * Date First Found- July 5, 2017 Pattern/Why- Inverse H&S, breakout Trade Entry Target Criteria- Break of $22.17 Exit Target Criteria- $24.67 Stop Loss Criteria-...
GWW looks very good long setup as it forms perfect fallen angel formation with Moneyflow divergence. Moneyflow also rising steadily & recently turned to positive. We think it has good upside potential. * Trade Criteria * Date First Found- July 5, 2017 Pattern/Why- Fallen angel formation Entry Target Criteria- Break of $185.73 Exit Target Criteria-...
WST Seems very interesting short setup. It is rolling over like inverse fallen angel formation. We think it has good down side potential. * Trade Criteria * Date First Found- July 5, 2017 Pattern/Why- Inverse fallen angel formation Entry Target Criteria- Break of $92.87 Exit Target Criteria- 1st Target $88.68 Stop Loss Criteria- $95.42 Please check back for...
DPS looking good as short. In the weekly chart it has broken down long term channel formation, rallied up & tested from beneath & now rolling over. It also seems forming a double Top formation, it gives a further down target at around $66Would consider a stop at 92.23. $90 October Puts are $3.20 * Trade Criteria * Date First Found- July 5, 2017 Pattern/Why-...
GLD formed a H&S formation, and now broken down the neck line with strong volume. Moneyflow was diverging & broken down the negative side. We think it has good downside potential. To play this we would consider October $119 Puts @ $4.25 or $112 Puts which are $1.15 * Trade Criteria * Date First Found- July 5, 2017 Pattern/Why- H&S breakdown short Entry...
CBIO seems forming a very nice fallen angel formation. It has history of sharp breakout, and at this time it seems getting ready for another breakout. We are looking for a quick day trade if it breaks above $4.70 * Trade Criteria * Date First Found- June 29, 2017 Pattern/Why- Fallen angel formation Entry Target Criteria- Break of $4.70 Exit Target Criteria-...
CARA had a very bad report on one of their drug & for that it is down big time after the market hours & came down to key support label. Now if it bounce back from here $21-22 area would a very good shorting point or break below the support. Hopefully it will be a exciting trade opportunity. * Trade Criteria * Date First Found- June 29, 2017 Pattern/Why- Key...
SWKS seems falling down from its all time high resistance in longer term, and in the short term it seems forming a flag formation. It also has huge insider selling recently. Overall it looks very interesting short opportunity. * Trade Criteria * Date First Found- June 29, 2017 Pattern/Why- Double top formation; Flag formation Entry Target Criteria- Break of...
BRC forming very nice momentum short setup. In the weekly frame its breaking down key support label. And Moneyflow deep in the negative side. We think it has good down side potential * Trade Criteria * Date First Found- June 28, 2017 Pattern/Why- Support breakdown momentum short setup Entry Target Criteria- Break of $33.83 Exit Target Criteria- $27.21 Stop...
TA formed very nice fallen angel formation. It went up very nicely crossing above its EMA lines, and we think it has more upward potential to go to $4.30 or higher. * Trade Criteria * Date First Found- June 28, 2017 Pattern/Why- Possible day trade type setup Entry Target Criteria- Break of current price Exit Target Criteria- $4.27 Stop Loss Criteria- $3.88...
HLT seems breaking down through the moving averages, and at this moment it is getting some support at its SMA50. We think it has good down side potential If it can break down this label. * Trade Criteria * Date First Found- June 28, 2017 Pattern/Why- Downward momentum Trade Entry Target Criteria- Break of $63.23 Exit Target Criteria- $52.32 Stop Loss...