Friday we closed with a classic reversal doji, HMA crossed over, stochastic crossed over and we finished the day above 247. Very bullish here.
Tesla has been opening and closing between 240 and 246 everyday this week. Was 2/2 in TSLA trades this week; playing both sides. Waiting for a break below 238 to go short or above 246 to go long. On sidelines til then.
Until this closes above resistance, I will be short. Holding Nov 3 170P, but sold 167.5P for 60% profit at open this morning. Good luck!
USO has been in a very bullish channel since the early summer. Waiting for a pullback before playing options, but holding a diversified position in Oil and Tanker stocks. Buy and hold here.
We are back in this extremely bullish channel! All indicators point to up except volume. Just waiting for another 30M day in volume to reach that middle point in the channel. Thats a 40% gain. Holding March 10 calls. Adding more to my position. Join me!
QQQ closed above 357.50 resistance from June. HMA and stochastic crossed over. Volume was 10 million higher than the 48M average. Friday should be full of volatility, but I will holding my Oct 20 360 calls regardless. Good luck!
Was predicting a bullish reversal on Tuesday, boy was I wrong. I made a small intra day short. Heavy support at 415 back from March 2022 and many other times as well. No position at this time, but learning bearish.
Closed below support and neck line on Tuesday. 155 is heavy support from Feb 2023. Market beadth is bearish and Apple is market... I have 167 puts for next week as well as Nov 170P. Good luck!
SPY bounced off strong support from Oct 2021. Bullish piercing line candlestick. Bullish crossover on stochastic. HMA hasn't crossed over yet, but buying after bullish reversal on support is a high probability trade. Go long Tuesday morning.
Flirting with the neck tie and support at 173.96. If we lose that, major support is at 155 back from Jan 2022. We need a close above 180 to go long. Until one of these levels is broken, expect to trade between 174-180. Wait for price action to tell you what direction that will be.
We broke out of the bullish channel and fell hard this week. If 240 doesn't hold, next stop is 214. All indicators and price action are bearish. I currently have 250P Oct 6.
Broke very bullish channel. HMA is still bullish. If we can't get back in channel, cut loss. Currently holding 10C Mar 24
Well we closed outside of bullish channel. 240 next level of support from June. HMA and stochastic all bearish.
Took just a day to trade below 130 support after falling outside bullish channel. Unfortunately I took my profits the day prior. Although HMA is bearish, we are in heavy oversold territory and looks like it could be a bear trap. Selling a 135C and 125P strangle could be a good idea as I foresee AMZN trading in this range short term.
Amazon has been trading in the same bullish channel since March of this year. Today it closed just outside of it, however 135 is a good level of support as it goes back to March of 2022. If it fails next level is 130. HMA and stochastic is bearish, but is entering oversold territory. Tomorrows candle will be a good indication of short term trend. Last Friday I...
Sitting at the bottom of a very bullish channel. HMA bullish crossover. Stochastic reset and %K bullish crossover. Very bullish
Tesla continues to trade in a bullish channel. There is a bearish divergence on the stochastic compared to the uptrend in price, however it could just be cooling off for another bullish run up the channel. HMA bearish crossover. Waiting to see how price reacts at bottom of channel.
Apple has been trading in a box and now a Head and Shoulders pattern has developed. To avoid further downfall, we need to close about 180. If we close below 174, the bearish Head and Shoulders pattern will be complete and we will trade lower. +180 go long Sub 174 go short