ParCorn

ParCorn

since the election we've been taking the stairs up if we're still taking the stairs, the deepest retrace we can expect would be to 2297 ... let's call it 2300. that would be a 3% haircut. personally, i'm thinking we go to 2350, maybe 2333 then take the next step. and getting there might take 21 days or longer. march might kinda suck.

ParCorn Updated 

Watching this channel for a breakdown. Want to see above-average volume. Below 5.90 means another big push down. Watching DGAZ

ParCorn Updated 

Below previous support which is now resistance

ParCorn

American Homes 4 Rent is a real estate investment trust based in Agoura Hills. Early funding included $600 million from the Alaska Permanent Fund (The Alaska Permanent Fund is a fund developed mainly from oil revenues in Alaska). The company held its initial public offering in August 2013. As of September 30, 2016, AMH owned 48,153 single-family properties in...

ParCorn Updated 

BB&T (Branch Banking and Trust) is one of the largest financial services holding companies in the U.S. with $219.3 billion in assets and market capitalization of $38.1 billion (as of December 31, 2016). Based in Winston-Salem, N.C., the company operates 2,196 financial centers in 15 states and Washington, D.C., and offers a range of consumer and commercial...

ParCorn

Glaukos Corporation is a glaucoma treatment company based in Laguna Hills, California. GKOS had a strong run up to just under 41 before turning sharply down. Target 0.236 fib (35.94)

ParCorn Updated 

Ameren Corporation is an American power company... The company is based in St. Louis, Missouri, serving 2.4 million electric, and 900,000 natural gas customers across 64,000 square miles. AEE has failed to breach the 54 resistance and has now formed a bearish head and shoulders on weekly. Short with a stop over the right shoulder high, ~53.5. Once we reach 50 we...

ParCorn

Tomorrow Night, Jan 12, we get the Full Moon Full Moon Brings Pain Top of the channel watch out Still in uptrend as long as it's in channel

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I am going to test out some weekly credit spreads using SPX. I will start using $1000 in capital. Strategy is to use the 4stdev BB as the short strike and the 5stdev BB as the long strike. Short strike should have a delta below 0.2 or adjustments will need to be made. For example if we were to use what we have here (we won't, we wait for Monday 10:30), we would...

ParCorn Updated 

Idea "borrowed" from here: www.reddit.com "LULU will be participating in the 19th annual ICR conference this week between 1/9 – 1/11 where the company is scheduled to present on day 2 (1/10). "On Wednesday there was a buyer of the January 13th 70 calls 3,994 times for $2.39. Then on Friday there was a buyer of the January 13th 70/75 vertical call spread 2,000...

ParCorn Updated 

Use the levels in the channel as entries when we cross up and as stops as we cross down

ParCorn Updated 

Strong Longs: XLU, XLK Hesitant Longs: XLF, XLI, XLP Shorts: XLB, XLV

ParCorn Updated 

I think XLV fills the gap on Friday or Monday Since we are in the green region as of writing, i think a tag of 69 before resuming down would be reasonable

ParCorn Updated 

bearish gartley SL 19.46

ParCorn Updated 

Here is a chart showing all the different ETFs ... you can find more information about these here: www.sectorspdr.com I'm sure everyone already knows about these: S&P 500 Index (SPY) Consumer Discretionary (XLY) Consumer Staples (XLP) Energy (XLE) Financials (XLF) Health Care (XLV) Industrials (XLI) Materials (XLB) Real Estate (XLRE) Technology (XLK) Utilities...

ParCorn Updated 

Long $BF.B Short $KFY Long $EMKR Long $SCWX Long $SIGM

ParCorn Updated 

I'm going to start doing weekly price targets for a select few market sector ETFs each week. Here are this weeks targets: SPY: 220 ~ 225 XLF: 22.3 ~ 23.2 XLE: 72 ~ 75 XLV: 68.5 ~ 71.1 XLRE: 28 ~ 30.4 XLI: 60 ~ 63.7

ParCorn

Just noticed the correlation coeffecient indicator. Always thought about how tight the coupling is between gold price and miners. This suggests it is very strong