Bubbalouie

Bubbalouie

Chris, After reflection I was wrong to recommend buying on the breakout yesterday (Friday, 4/12). Looking back at the past year I noticed that CCJ typically will retrace on a new high. A 61.8 fib retracement brings the stock back to the previous breakout and a gap which where I like to be a buyer on a bounce. Joe pointed out "The premium for Put CCJ 40...

Bubbalouie Updated 

CCJ has been on a nice up trend since 11/2020. Looking at the the monthly it has only closed below the monthly 10 EMA four times in the last thirty months. The daily dropped into daily demand and bounced nicely off of the 200 SMA which has been respected for the past year. I bought just above yesterday's high. I bought Jan 40 calls and sold April 47 calls. ...

Bubbalouie

Rick, Here is what I see – potential for a nice return vs. the risk. I have attached the weekly chart for GSM and it is having a change in trend. It has now established an uptrend and I would look for another HH. If it makes a LL this will invalidate my idea of a continuation of the uptrend. Another point that is in the favor of an uptrend of the 200-period...

Bubbalouie

DVN is rallying and is looking strong. The RSI hasn’t been this strong since 10/21 and that lead to a rally that saw the stock double. I am skeptical that this happens again. It could be overbought here. It has a lot of overhead supply where it may meet resistance. The fact that it has recovered the 200-day SMA should attract attention of fund managers. ...

Bubbalouie

This stock has paid a quarterly $1 dividend since 8/21. It's been moving on a monthly basis along the 10EMA since 11/20 and a possible monthly bull flag pattern is forming.

Bubbalouie

I expect a minor pullback or NVDA moving sideways. I started selling weekly calls against stock on a 2:1 ratio sold weekly 1100 calls @ $7.32.

Bubbalouie

The chart above is a monthly chart using a price line as opposed to a candlestick chart to simplify the view. The only indicator used the 12 period Simple Moving Average (SMA). This chart starts 1/1/95. Using the 12 period SMA (Green line) as an indicator to be long in a trade or in cash over a period of 28 years there would have been approximately 22 trades...

Bubbalouie

In terms of a swing trade or investment, I see no opportunity at this moment in AAPL. I am looking to see which way it breaks out of a tight consolidation of the last few days. It is close to overhead supply and I don't see a good risk/reward situation with a breakout to the upside. Overhead supply around $180. I can see a better chance going long by buying...

Bubbalouie

Selling Jan 400 puts - Vol. on the high end and gap @ $453 - $440. I don't see this dropping 20%. I am willing to take assignment. It opened today in a daily demand zone of 490.42 - 475. If it respects this demand it will not go longer than $475.

Bubbalouie

This stock has terrific momentum and hopefully it takes a breather and presents another opportunity for a good entry point. 1) Year-over-year cash flow growth for e.l.f. Beauty is 59.7% 2) historical EPS growth rate for e.l.f. Beauty is 38%. However The company's EPS is expected to grow 62.4% this year, crushing the industry average, ...

Bubbalouie

We are in a higher time frame uptrend but risk/reward at supply is interesting.

Bubbalouie

Trend is still up probability is a retracement before a continuation up

Bubbalouie

We could be putting topping tail. Premarket we are down and if we close the day down we have a decent chance of sliding down to the next area of demand. Trend in the higher time frames is up and my current view is this as a minor pullback.

Bubbalouie

If I wasn't skiing last week I would have gone long @ $5.08. that is .05 cents above the previous days high. Stop @ 4.82 with Target 1 @ $5.85 T2 @ $6.37 and let the last 1/3 ride adjusting the stop.

Bubbalouie

After hours MSFT hit the zone after earnings and the day after. Are there still buy orders @ the 397 area? I am thinking the risk/reward is worth taking here.

Bubbalouie

I am interested in looking at long positions in the areas marked

Bubbalouie

I will be interested in buying QQQ and selected tech stocks once we hit these demand zones. This meets my criteria for risk to reward of at least 3R Currently I am not interested in shorting the Q's

Bubbalouie

Joe, Selling the Jan 25 400 put was a great idea. If it returns to the 485 area I will join you on your idea. I also may use the premium to finance buying a call.