jl360

jl360

Overall, markets seem bullish, and I expect some rotation into beaten-up stocks like Roku. The chart is set up to bounce off this rising trendline. RSI is oversold. Anytime it has gotten this low, we have seen major reversals of this trendline. Entry will be if we break above the last trading session's highs. If the price holds below the trendline, I'll...

jl360

23% short float on a strong close taking out multiple days of rejections. This one could squeeze some shorts on a move-up. Good Risk to Reward.

jl360 Updated 

I am looking for a pullback to the middle of this channel. I don't think this move will hold and break out this downward channel yet.

jl360

Buying PUTs on the QQQs QQQ DEC 22 370 PUT LIMIT $7.55 Thesis: Sesonality, stocks tend to pull back mid-October in pre-Election Years. RSI tuned negative even though reaching a higher high on the QQQs. Big tech names like TSLA, NFLX tightening after big moves up. False breakout of the lower channel matches today's pivot at the top of the channel. (Purple...

jl360 Updated 

Today, we tagged the May 2020 COVID Lows for LUV. Back in May 2020, Buffet sold much of his airline stocks. This added the final capitulation for airlines, marking the low for 2020. Today, we got a nice hammer candle and a bounce from that exact pricepoint. Looking to get in with calls if we take out this hammer, with a stop below the COVID lows. RSI is...

jl360

Looking to play the bounce of the IWM. Thesis: Seasonality looks good for an end-of-year rally. Interaction with lower channel trendlines that have bounced before. Negative Divergence on the RSI.

jl360

Counter Trend Trade on QQQs. I am expecting the stock to take a breather and back test previous high. Looks like a 4 to 1 Risk to Reward ratio. OPTION PLAY: QQQ Aug 23 360 Put 2 Contracts Limit Buy $6.41 Thesis Island Reversal Possible Double Top formation. Noticeable Negative Divergence on the building between price action and RSI. Buy Volume is...

jl360

Counter Trend Trade on NVDA. I went light with only one contract, as counter-trend trades are harder to nail. I am expecting the stock to take a breather and back test previous high. Looks like a 4 to 1 Risk to Reward ratio. Thesis RSI is overextended past 70 Noticeable Negative Divergence on the building between price action and RSI. Large cap stock is up...

jl360

I do see a short-term silver lining as far as price action. RSI is currently extremely oversold. The green line vertical lines show that we had a rally when the RSI was under 20. I did a small offset of the vertical green lines so you could see the price action. Sell volume has been decreasing. For those wanting to get out or reduce position or swing trade...

jl360 Updated 

I started a hedge position by buying Sept 16 178 PUTS on July 21 st. I legged into the contracts throughout the day. Average cost 7.01 This was my first buy zone indicated by the first box. I might add a couple of contracts if it wedges up to the second green box, near the 184ish range. IWM looks to be repeating the same flag pattern it did before,...

jl360

Nice breakout today. Price action making lower lows, following that trend line. Looking to get in at the retest of the neckline of that newly formed double bottom.

jl360 Updated 

Got in at the break of resistance. Working on being patient. The more it moves sideways, the larger the pop up.

jl360

Bearish run seems a bit extended, ROKU has bounced off the 100 daily ema before, looking for history to repeat itself.

jl360 Updated 

AMD Day Trade, above moving averages, looking for a break above resistance. Based analysis on 3 min chart.

jl360 Updated 

Looking at AMD on the hourly, looking to get in on a pullback to that lower range of the channel. Playing it with shares. Good risk to reward ratio.

jl360

Playing UBER bullish with CALL Options. Went with the 38 Strike for December. Stock retesting all time lows. Sell off looks overextended with selling volume dying off.

jl360

Bearing volume drying up. Making lower lows. Buying off the 20 MA Daily.

jl360

Playing the Vix with Calls. SPY at All Time Highs,I like the chances of a pull back before continuing higher. Many newbies will be jumping bullish at these levels.