TheForexWatch

TheForexWatch

With earnings approaching, I think we will see a sell-off and the stock price will fall back into the channel it has been in since covid hit.

TheForexWatch

Carvana has been on a steady upwards trend since COVID hit and the government started handing out stimulus checks. Not only that but a lot of car manufacturers aren't even making new cars this year, raising the demand for used cars and along with the price. I have personally seen this, this year alone according to kelly blue book my car has gained 4k in value and...

TheForexWatch

Looking to short NZD/USD as the US Dollar continues to climb, I believe this will be a strong trade as long as the US dollar continues to head towards its previous high at 103.00 (DXY).

TheForexWatch

On the monthly chart, the RSI is the lowest its been in a year and this currency pair has been bouncing back and forth between 1.278-1.355 for the past 2 years. With that being said I am expecting a move up here, to at least 1.35. from there USD/CAD might get rejected at previous resistance and make a move further down towards 1.23

TheForexWatch

As you can see, RSI is "overbought" and on the 1 Day chart we are pushing up against the 8 & 13 MA

TheForexWatch

Costco recently introduced their stores over seas which has brought alot of attention to the company recently.

TheForexWatch

$AMT has respected this channel for some time now, and with the up and coming 5G network release AMT should have considerable growth in the coming months. My play here is to get calls for the strike of the upper band (240-245) range

TheForexWatch Updated 

I dont see $AMT coming down to far, despite its recent run up. I am looking for it to come down under 205 (closing my puts there) looking to buy calls after it bounces around 203-204$

TheForexWatch

If you look back to Aug. 5th you can see that $V gapped down and was caught by the 100MA and for the past week it has been testing those levels again. I am looking for a month long call around the 185 strike range. I will continue to roll this position out if the price moves in the intended direction !

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I bought I 150 & 155 puts due to up coming earnings. So My idea here was since amazon and fedex split up this summer their profit would be lower despite only 2% of revenue was reported from Amazon fulfillment. Along with that their previous earnings P/L report was extremely low. Ending up with me being over all bearish looking for a 10-15% drop during eranings.

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Posting this because im not quite sure how to send it directly ! enjoy your weekend guys !

TheForexWatch

short term short opportunity, looking for a rebound around $28.15

TheForexWatch

S&P futures are still respecting the upward channel, today they gapped up past resistance levels.

TheForexWatch

The Dow futures have been in this upward channel all year, today we gapped back up into the channel. If we can hold this level we should have an upward move for the next few weeks

TheForexWatch

This week has been a quite interesting one so far, tomorrow should be one for the books though ! the DJI closed just below the 200Ma today meaning if we dont have a gap up passing this resistance level tomorrow we could be awaiting dow 24,000. Only tomorrow can tell ! Stay tuned everyone Also im personally bearish on this chart just due to the recent news.

TheForexWatch

For the past few weeks, bitcoin has been bouncing within the channel. moving upwards now, we could see 9k by the end of the weekend if BTC continues to obey the channel KRAKEN:XBTUSD

TheForexWatch

The Green trend line has acted as a good support since the mid point of last year. This may be a bottom of a upward channel forming.

TheForexWatch

So this is the 3rd time the SPY is touching resistance a long our top line here. From here i see 2 lines of support it could attempt to make a bull flag on, and continue its way up. If both of those 2 blue lines fail we could see the SPY coming back down to 265-270 and forming the upwards channel. Currently would be a good point to open a short or put option !