Uncle_Eagle

Uncle_Eagle

Howdy Everyone, Just be careful whatever direction you head in. We're in both a Downtrend overall, and a new Uptrend with the latest bull run. the problem is while we DID break out of the down wedge, we're still in a bear flag pattern since our ATH. Nothing to be scared of for those swinging Long Calls, assuming your Expire is a few weeks out. I would NOT do...

Uncle_Eagle

Howdy Team! So, Futures came to life right at closing today, very strange jump but we'll take it. I'm still in ALL my Spreads and I didn't rush to cut anything today. I did have to update my SPY TA for a bit as SPY GAPPED down over the weekend. Now my fear now is that we're going to cover the gap and then drop again in the descending triangle. Just be careful not...

Uncle_Eagle

Ownership: 25SEP21 160/162.5C (Debit Spread) – Day/Swing Trader Portfolio I own both Shares and Options - Long Term Portfolio Description: I am an alternative meat eater 2 days out of the week, I do this both for health reasons and environmental. I'm a bigger fan of impossible meat than BYND, but still believe in BYND as a company. Let’s talk short term...

Uncle_Eagle

NASDAQ:COST Ownership: None Description: I'm a major fan of Costco, even though I'm a Sam's Club Subscriber personally. I'm comfortable saying go LONG on $COST, as they've been an amazing player in the Pandemic. Their membership program is expected to jump drastically. I fully expect my DOA sniper to fire on Monday, though I am concerned that the current price...

Uncle_Eagle

AMEX:SPY I've been saying since we took a downturn that I fully expected SPY to hit a full .5 retracement to $328. We officially hit our $328 retracement on Friday. If by Monday we can climb back over $332.23, we should see 335.64. However, at that point we can EITHER head out of the descending triangle and continue up, or we'll bounce back down 325.79. We have...

Uncle_Eagle

NYSE:SPCE : Ownership: I own some far-out options for (+3 15JAN2021 20/40C) Details: REALLY slowed down on us. News doesn't seem to be moving it much. ATR has fallen all the way to 1.02. I still feel good buying $20 leap Calls, but nothing short term.