Bonds have had the sh*t kicked out of them. We now sit in a major support zone and have some bullish divergence showing up. I have tried to catch this falling knife before and I did not fare well. I will wait fo a break above 120 and get long calls and/or sell puts
Gotta play the waiting game here but leaning to the short side either at confirmation of the break of trend or back at the to of the speed line (likely tomorrow on inventories if that occurs)
State of the nation: So far the major support zone has held The daily trend up is broken and we are in a down trend since May 6 from 62.61 high. Inventories are still extremely high and climbing for the most part. It appears that the larger secular bear is still the main structure. Short Term Strategies: Some may choose to go long in to the resistance levels,...
The major trend has been broken. The uptrend from May 12 is now breaking. I'm inclined to buy puts looking for 123.50 and then 120
Bull case: We are back above the 50 daily EMA at 80.30. 80.30 was tested Friday and again today. Other side of 81.85 and a close with a 82 print should get us to test that D/L from the March and April highs. There are other technical theories you can throw in here in addition to the over equity market that will keep on jamming. Bear: Lack of juice and it fails...
WTI got huge support today form a key zone in the 58s WTI is testing the down trend and bumping it's head against the pivotal 60 level. 5min and 15min are overbought from the selloff this week. 60min still has room to run On the 2H here we can see there is room to run On the daily, still looks like it wants to correct to 54/55 Not much to do right this second...
Good Friday scalp long potential here. Great support, oversold in 5min, strengthening and looking to break. 81.5 weekly options at 0.15-0.20 a great place to look
On a daily and weekly FB still has a lot of space. On smaller timeframes, after this monster move, we are overbought. Option A: Wait for a pull back to get long Option B: Scalp some shorts Option C: Wait for the break and close above 81.25
Big divergence and failing big resistance. Oil is also due to correct and the correlation should hold nicely.
Bouncing off a major support zone 530-35 Looks like it's trying to get a new uptrend going Could be breaking the downtrend from 05-11 Momo getting better on daily, 4H, 2H and 60min The 15min here still needs to work some to do so the strategy would be to run alerts and/or buy stops at 541
We had a test and fail of the 202s Momo is weakening Supports are 197 and 193 I highly doubt it reaches for the top of the channel. Strategy is setting alerts at 200.50 or running sell stops This trade would all come together nicely if TLT got some bids
Pretty methodical walk up so far. Looks like there will be longs and shorts on TSLA for a while. Just a wait and see for now....
Lots of convergence at 78.20. Trend is bullish and we are a long way from over sold. Should see a lift to 80.
Getting in to the major support zone and a bullish divergence. Will wait for some perkyness and maybe a print above 95.50s to get long.
Plan A: Short with a stop at 61.20 Plan B: Short below a 59.40 close
Broke out of that wedge from the October lows. I would look to short either on strength around 126 or below 120 if it just gets killed.
Out of the channel but a major bounce off some major levels.
Pro: 1. Breaking out x2 2. COT could proove to give us a great short squeeze snalaska.com 3. Strong close to the week 4. Momentum divergeance 5. Major levels held at 466 6. Still way ovesold