Options360

Options360

MSTR earnings are today, Wednesday 10/30 at 4pm. I'm posting this as a short because there's no logical reason for MicroStrategy to have such a drastic divergence from Bitcoin since September. With BTC +68% YTD at all time high levels and MSTR +280% YTD there's just no point being long MSTR all the way up here around 260 / share. The market can stay irrational...

Options360

It's a big week of Mega cap earnings. I noticed a pattern from NFLX 2 weeks ago, TSLA last week and GOOGL last night earnings. Price action hit +3ATR above SMA20. I would expect this pattern to continue for MSFT & META tonight and for AMZN & AAPL on Thursday. However, since the long entry point was a much better setup heading into NFLX, TSLA & GOOGL earnings....

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Ethereum dropped from it's 2800 resistance level on Monday and bounced off it's 2400 support level on Friday. ETH/USD has traded in a wide range in 2024 from it's 4000 area high's mid March and the end of May. To it's 2000 area lows in January, August 5th & September 6th. There's been plenty to trade In between this wide 2000 - 4000 range. Now that we're heading...

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MRNA 2 day chart just printed a high probability long signal on the Fib TSI indicator yesterday. My speculation is that seasonally, it's a good idea to go long MRNA heading into the winter cold season. This is a simple trade entry based off the Fib TSI indicator long signal at 53. A round number tight stop at 50. And 106 profit level based off August 1st gap fill...

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EUR/USD long trade idea. This long entry is based off of a few things. Firstly, RSI is oversold and the RSI made a bullish cross over the RSI-based MA. Secondly, the 1.0761 area was a major support area on 4/1/24, 8/1/24, 10/23/24. Third, an ascending trendline from 4/16/24 low, 6/26/24 low and now 10/23/24 low. The stop level is based off fib retracement .786...

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NVDA is trading at major resistance levels. Depending who you speak to, NVDA is about to breakout or breakdown. From a positioning perspective, it's a much higher probability to start looking for short entries up here. I don't see any point wishing luck for a long entry here. Don't chase it, wait for a pullback. Based on it's ATR levels the past quarter, the best...

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Alibaba is overbought now. With a +77 RSI on it's 1 week chart and also while it's trading at the top of it's 3 year range channel. Last week, China’s central bank shared plans to cut banks reserve requirement ratio (RRR) by 50 basis points or half a percentage point and lower the seven-day reverse repurchase rate to 1.5% from 1.7%. Additionally, China agreed to...

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This Friday, 9/20/24, is Triple witching. Here's a 4x split chart view of SPY, QQQ, DIA & IWM. With TTCATR indicator support & resistance levels on the 1 day chart. Triple witching days are known for being volatile and having high volume. On these days, three types of derivative contracts expire simultaneously. Stock options: Contracts that give the holder the...

Options360

Here's a Fed rate cut sector watch split view charts with TTCATR and FibTSI indicators. On Wednesday 9/18/24 at 2pm, the FOMC is forecast to cut the interest rate .25 from 5.5% down to 5.25%. The sectors that could benefit the most from a .25 rate cut are utilities, real estate and consumer discretionary. However, the market has, more or less, already priced in a...

Options360

Gold futures are trading at all time highs. Gold is up +25% YTD. Based on this GOL 4hr chart uptrend channel, I am planning a short gold trade. As you can see we are getting close to the short entry zone (or take profit if you're still long). Gold is ranked #1 asset by market cap of $17.5 Trillion. So I wouldn't want to step in front of this train prematurely....

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SMCI technicals are oversold, so I'm looking for a bullish bounce. If you take a look at it's stochastic value on the 1 day chart, the fast moving line is waiting to cross over the slow moving line. This can point to a bullish reversal in the near future. Also, as far as positioning, SMCI price is sitting at a major support level on the Triangular trend channel...

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Crypto entered a bear market in July when it's total market cap dropped - 20%. TOTAL March high of 2.721T down to the August low of 1.691T was - 38%, but it bounced back up. So now, heading into September, we are only down - 25% at 2.036T. However, as a trader we can use some of the key levels that have printed on the chart to go long or short according to...

Options360 Updated 

SPY trade idea 5:1 ratio Short = 565 Stop = 570 Profit = 540 (SPY) S&P 500 index rapidly dropped in a week, then bounced in a V shape recovery for 2 weeks, now it could u-turn back down. SPY is back at it's resistance level of it's 2 year trend channel. There's not much upside left this week from the 560 area. However, it could temporarily false breakout. I'm...

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Here's a 24hr ext VXX chart with the Cumulative Volume Delta indicator. The Chicago Board Option Exchange (CBOE) Volatility Index was introduced by Cboe Global Markets, Incorporated in 1993. Simply referred to as 'the VIX', it is a market index that measures the implied volatility of the S&P 500 Index (SPX) – the core index for U.S. equities. In real-time, it...

Options360 Updated 

In 1 year COIN is up 282% and BTC is up 154%. Now what? Everyone knows there's only 3 possibilities. Up, down or sideways. And since we've been going sideways for about 5 months, I'd say we're getting closer to only 2 options now. Up or down. If I overlay a back tested strategy based on the cross of 20sma and 100sma, it results in 32 Bitcoin trades since 2015...

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TSLA 1 week chart since 2022 has not broken TTCATR support or resistance levels. So now what? Well the higher probability is that TSLA gets rejected at 265. However, if TSLA changes it's trading pattern it could break out. I'm posting this as a short TSLA at 265 because of the higher probability trade.

Options360 Updated 

Here's a contrast between a long on BCH/USD and short on SPY. As you can see Bitcoin Cash is at it's support zone and SPY is near it's resistance area. Trade idea: BCH long = 436 stop = 400 profit = 630 SPY short = 542 stop = 545 profit = 530

Options360 Updated 

Here's a 4hr chart of AVGO support and resistance levels. I'm posting this as a short only because AVGO is at the top of it's resistance level. However, I will not be shorting it immediately. I will be watching AVGO price action for the right timing. Broadcom AVGO announced Q2 Fiscal Year 2024 Financial Results. Raised guidance for fiscal year 2024 consolidated...