Evening traders, This is a difficult one, but one that will be immensely profitable for anyone that gets the timing right. This thing is going to blowup. Could be tomorrow, could be a couple years. This one will be a historic trade, might not even be a bad idea to scoop some 2021 OTM puts on the low. It's hard to bet against a sitting president, so timing will...
Evening traders, been a while since I shared my thoughts. I'm looking to enter short on TLT, as it's approaching historic over-extension. Let's dive in at the key points: 1) It's gapped up and will likely close outside the BB, should lead to down movement next week. 2) Short term squeeze has begun to trigger, this week is likely the top. 3) RSI is overbought...
Morning traders, Roku is one of the hottest stocks these past couple weeks, if we see a full bottom reversal at these levels I'm looking for this to hit new highs, lots of $110 call purchasing happening, and I'm following. Long to $110 - End of june-july expiry As always, smash that like and follow button!
Morning traders, QCOM has taken a beating, and looks like alot is flowing back into semi's today, if SPX can re-take 2766 we're looking at a potential full bottom reversal with alot of upside potential on this one. Currently long june 7-21st calls targetting 71-75 zone As always, if you find my info helpful or useful, smash that like and follow button!
Morning traders, We're witnessing a potential bottom forming. Key points: 1) We broke the local 2766 resistance, watch for this to become support. 2) the "big" resistance zone will be 2776, this will be the tell 3) Indicators all support potential bottom bounce here 4) BIG money flowing back into semi's - somebody knows something As always if you find this...
Evening traders, Google has fallen out of its flag with solid volume confirmation, I'm currently in 3 shorts but will load more depending on AH action tomorrow at open. Targeting 0.5 fib of last bullish structure Daily & Weekly support further downwards movement. FOMC was very hawkish, surprised we aren't tanking harder.
Evening traders, We're in a tight range and wanted to point couple of things I see out. Firstly, we have a sloppy upward sloping H&S forming on the daily, additionally, there is another sloppy inverted H&S on the hourly targeting 2890. MACD is about to tick positive, Stoch RSI is neutral, and it's trading in between the 5/10 MA's Move should be tomorrow, I'm...
Morning traders, We can see that tesla is in a falling wedge ending pattern, and that there is still a potential 5-6% downside in this asset. However with Musk buying shares and being towards the end of the wedge, I'd be careful loading shorts here. There is potential for more downside as mentioned, but I would not hold any contracts longer than a week. My...
Morning traders, On this asset I will not open this position until Wednesday or thursday most likely, daily chart does not support downward movement, weekly does however. I will wait to see how monday opens, however I plan on entering this short sometime next week.
Morning traders, On mondays open I plan on opening a middle June to end of June put spread on this asset. Let's dive in. 1) Weekly shows signs of clear exhaustion and indecision, we have a doji print. 2) RSI is exhausted and printing downwards 3) Slowstoch is at the peak and is bearishly crossing 4) VFI has flattened out, likely the high of this move with...
Morning traders, Looking at the weekly chart we can see we printed an indecision doji last week. With tariffs being enforced I expect all product heavy companies to begin taking a hit next week. My plan is to buy month out OTM contracts I'm targeting the 0.382 of the bullish structure with coincides with a major support zone, it may take til the end of June to...
Good afternoon traders, After predicting another bearish impulse down in my previous analysis, I am predicting another one in the coming hours. I apologize for the messy chart, but your seeing what I actively use to trade, no cleaned up marketing material, the real deal. I am expecting some sort of significant move to happen within the next 12 hours. My...
Good evening traders, In tonight's update I'll point out the current situation and my current plan. Inline with my last trading plan, I purchased on the breakout of the .65 on volume. I successfully sold when we stalled and managed to lock in $180 dollars in profit. Now that we have broken down, I want to point out what I see on the chart. Volume is...
Evening traders, Everyone's sitting patiently (well some of us!) awaiting direction in this range bound market. We've had three failed attempts of breaking the .65 of the last bearish impulse, we've created bearish divergences, but we're still grinding higher. Currently, there are a few indicators lining up that warranted a post. 1) The lagging span on the...
Good evening traders, While I don't hold gold, I hold alot of silver. Due to the correlation, lately, you can practically trade silver using a gold chart. I wanted to point out a few positive things gold has going for it currently. 1) We can see we have a cup and handle forming on the daily, now granted, the length of the handle is not well developed, and we...
Good morning traders, It's been a while, but seeing as I'm taking a break from options and trading BTC again, that this would be a perfect time for me to post an idea to the community. Lets dive in. Market overview: After breaking the long term down trend we had an accelerated upward spike that stopped just 6 points away from the .65 of the overall bearish...
Good afternoon traders, Let's take a look at spy and what should become a very critical week for the US equity market. Looking at the chart we can see that we obviously had a sharp correction from all time highs, and an equally sharp rebound. It's understandable the markets hesitance to enter a correction considering it has the leader of the free world pinning...
Good evening traders, Let's take a quick look at a short term trade opportunity with gold. Bearish Key Points: Hourly: 1) We have bearish divergence on RSI, MACD, and VFI 2) Sell signal on vigor 1H, as well as daily beginning to roll over. Bullish Key Points: 1) Daily chart is good. While we had a bearish candle print Monday, it was not followed through...