Been out sick for the past couple weeks, and now its time to ease back into things... Twitter is currently formed a descending triangle pattern and price looks to fall back down to the support line.
Even after a crazy week target is dancing around the resistance line. I believe it will continue to follow the downward channel, therefore this week I am planning to buy some put options.
TSLA Hit the support line around the $336 and I believe it will tumble back down to $314 by end of day monday. Line up them put options! 2019 goal is to buy a Telsa, playing TSLA in the market #TSLA4TSLA
I called the massive tumble in December, and believe it is going to happen again over the next week and half. I believe the market today gave investors false hope of a recovery and will start tumbling back down. Entered Put options today set to expire on the 18th and plan to hold strong. Let me know your thoughts on how you plan to play AMZN. In the option world...
Entering 139.76 (when market opens), Stop Loss 139.51, Take Profit 142.10. Falling Wedge pattern, price is squeezing and getting ready to capitalize on the reversal.
Oil has created a flag on the 2 hour chart. I believe this dip down a towards $44.50 and then start riding back up. This play would then also support my USDCAD play.
Gold should be having a setback to ~1258, before bouncing back up to ~1300 resistance.
How much more can the price be squeezed? I believe this should dropping sometime in the later part of this week.
TSLA is consolidating and approaching the next dip. Bought an in the money put option expiring January 11th. Get ready to make more money as lower lows approach.
Looks like apple will spend the next week consolidating and possible dipping again soon. This week I am using an Iron Condor on Apple to collect income off of writing calls and puts.
Bouncing off the bottom support line is a wedge reversal forming? I am expecting this stock to go up over the next week.
Finally USD CAD has shifted from an upward channel to a wedge continuation, and I believe we now start falling back down.
This has been a brutal month for the market. I believe we will spend the rest of the month retracing what was lost. I am am expecting facebook to push back to $135 over the next couple of weeks. I believe there is more pain in the near feature, but feel the retracement and consolidation period coming for the next two weeks before we see new lows.
Overstock took a beating the last couple weeks. It still is riding the downward channel and is climbing back up to the resistance line of $15.73 over the next couple of weeks. Perfect time for an Iron Condor to collect some money off of writing calls & puts.
As previously discussed if ISRG closed below the blue support line it should have been shorted. Now it is time to ride back up as it retraces. I believe this stock still has a lot to lose but learn to play both sides.
ISRG has been a reliable money maker on both sides of the game. If ISRG is looking to close below the blue support line I am looking to buy some PUTS, if it closes above I will buy some calls. Either or, watch this one close tomorrow. This is the perfect play for a swing trader.
Descending Triangle, prize is being squeezed, bear beats bull this week.