Synaptic724

Synaptic724

Adding a small Bear call spread on cvna, RSI bearish divergence major market volatility is increasing with tariffs and it's Double top. 70/75 exp June 21 Journal entry and not trading advice

Synaptic724 Updated 

CGC had a good spring I am shorting it until $40 as bearish divergence printed on RSI and SPY is potentially going to move slightly lower. IT may weigh upon canopy. I am in the trade as of $45.39. I may have jumped the gun as I could have waiting for a false breakout at $47. However the movement today was a little bit weak. $47.10 will be my stop. This is a...

Synaptic724

Canopy growth had a great spring and it seems to be fading toward a new move as bearish divergence prints on the daily RSI while the weekly also looks to be turning bearish. I want to short 100 shares heading toward 40 which was last support and adding more if it breaks past it. Previous resistance will be my stop which was $47. This is a journal entry and...

Synaptic724

COLM credit spread will be setup tomorrow and it'll be 90/95 Credit call Spread. EXP June 21 Support broke and it fell below $100 it may continue to fill and go a little bit lower. SPY is going lower as time goes on as volatility continues

Synaptic724 Updated 

VFF has been battered after its rapid rise to the 20's it was a very euphoric journey but now its in a downtrend maintaining under the moving average and also printing poor RSI setups for bullish divergence. I plan to short this company with 100 shares at the current price $14.72 my max loss is $15.82 which will be the exit for my position if I am wrong about the...

Synaptic724 Updated 

I bought a Vertical Put Spread at $200 Spread is exp May 17 Strike 42.5/37.5 max profit is $300 if exp below $37.5 CGC has been fading as it drags lower due to investors being torn between ACB and CGC. Symmetrical triangle didn't work out as there was 3-4 false breakouts which moved it lower in the end through 60 support. This is a support/resistance...

Synaptic724 Updated 

ACB is starting to waiver as it approaches support and it's next test will be the final one for the trend. If it breaks here we're moving into a bearish move. However it could also hold and move higher the market does seem to be fading. The odds of a bearish move are picking up. I'm going to engage in a PUT position against ACB. Buying 4x PUT EXP May 17 Strike 11...

Synaptic724

CGC/WEED is moving toward previous resistance, $64-65 has been the territory of many false breakouts. This recent catalyst that reversed the downtrend may allow it to move past previous resistance, Merill Lynch initiated coverage of CGC/CRON/ACB, also at the same time CGC bought Acreage Holdings which was 3.4 billion dollar acquisition. This was a big catalyst...

Synaptic724 Updated 

Ascending Triangle. I drew a symmetrical triangle here a month ago didn't work out. Seems like there wasn't enough power to push it up. The recent FED meeting pushed the SPY to new limits. Everyone is very bullish now. Canopy may push through to new highs within the next week. Buying a few calls to go for it.

Synaptic724

Time to give this another shot. Spy is moving higher. WILL LYB BREAKOUT?! We shall see. Vertical Call bought for LYB May 17 EXP Strike 90/95 Price 2.85-0.95 = $190 for call spread.

Synaptic724 Updated 

LYB is about to break out of its range its been bouncing between this $84-90 range since Jan 4th. It's about to break out. Price target is $96. Call Option April 12th EXP, Strike $90. Possibility of a false breakout. Contract will be sold if it reaches $88. Otherwise aiming for target of $96. Possible interference from the SPY as it may cancel the rally if...

Synaptic724

Canopy short as ACB steals participants from CANOPY GROWTH, the stock is starting to slow down. If the SPY becomes bearish over the next 2 weeks and retraces or even without this motivation it may start to become more bearish as more investors move to ACB because it's rallying. On the flip side Canopy may also rally as ACB drives the market higher but the move...

Synaptic724 Updated 

EOG - Oil sector is down, EOG broke support. Trends against market and is also more bearish and market. I presume it will try and find support at next level shown on chart. I bought 1 Put option at $3.35 Target is $83 or lower.

Synaptic724 Updated 

Rost is breaking its support levels and falling, if spy continues to fall. ROST may move lower as retail is starting to weaken. Target set on chart.

Synaptic724

NVDIA Breakout may occur after more recent news of their new data center position. Double the volume coming in. Maybe break out from this range and move to fill the previous gap. Target is going to be $180. Call cost $7.15 Delta 0.51 162.5 strike EXP April 12, if price drops back down to $155 I will remove the option as breakout will be a false breakout and...

Synaptic724

ACB breakout is forming, Ascending triangle pattern So far the marijuana market has been dragged down by the SPY with analyst upgrades on ACB it's pulling in a lot of investors. If the SPY recovers from this point even for a brief period of time we may be heading back up to $13-14 levels.

Synaptic724

Haliburton Short term support broke and its heading lower. Crude is really weak. April 18, Strike 30, Put option. $1.9 Stop at $30 price target. Target for profit is $26 or lower.

Synaptic724

After a few weeks of watching canopy and trying to short it. I've become convinced its going to produce a similar breakout from the previous rally. Jan 9th > The first breakout started. Support began then the crowd started to rally and it produced substantial gains for longs leading into the next congestion phase. Jan 14 - Jan 24 > The Bull flag congestion...