Comments: Going ahead and rounding out Q3 rungs here with IVR at 82.7. September 20th 160: filled for a 1.99 credit October 18th 150: filled for a 1.61 credit Will look to manage shorter duration rungs as I come to them ... .
The chart posted is that of the spy in which I posted back in March I have NOT changed the labeling as it was correct .We are at the end of wave A down and should see a rather sharp ABC rally back up to a min of 5150 and then a pullback followed by the last wave up I do think it can reach as high as 5330 this is the alt to my 5261. We are now one of the...
NYSE:DIS I have taken a long position here as DIS seems to be holding the 50 DMA (red). My stop is nearby, just below the low on April 16th. This is a very early entry as it is below the 8 and 21 EMA but just reclaimed the 5 DMA (white). The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out. Ideas, not investing / trading...
Comments: Targeting the <16 delta strikes paying around 1% of the strike price in credit to emulate dollar cost averaging into the small caps ETF. Adding here on weakness, better strikes than what I currently have on in those expires. Filled the June 21st for a 1.75 credit; the July 21st 170 for 1.76.
NYSE:DELL I was in this 2 weeks ago and made good $$$. I closed it out on April 8th on the second big red bar. This morning as it opened over the 21 EMA, I put ½ size position on with a stop below Fridays low of $117.61. If the market holds up and moves higher, I expect it to test the previous highs. I am also aware that it could have been a double top, and this...
USA Stock Index video idea by @NoFomoCharts SPY, QQQ, DIA, IWM, DXY. 04/14/2024, 09:00PM EST Video Idea. Technical Analysis & Educational Chart Videos. Follow, Comment, Boost, or Cheer to support. Thank you! All content is Not financial advice.
Weekly Watchlist video idea by @NoFomoCharts 04/14/2024, 08:30PM EST Video Idea. Technical Analysis & Educational Chart Videos. Follow, Comment, Boost, or Cheer to support. Thank you! All content is Not financial advice.
In 26th dec, there was a high probability weakness in IWM based on this graph. Top of BB's and impulse has no potential, yet important resistance/break out. //rising TNX is bad for cyclicals or small caps.
NASDAQ:PANW This cybersecurity leader got beat-up on the last earnings report. It looks to me that it may have bottomed out. On this weekly chart (the week is still young) it is in the process of setting up as an inside week. It is regaining the 40 Week MA which I view as important. Additionally, the volume has been declining since the big sell-off. I take that...
... for a 1.78 credit. Comments: Starting to round out my Q3 rungs here on weakness and higher IV, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Already have June and July rungs on, so going out to August here.
NYSE:U is a bottom fishing play for me this morning. It has both broken the downtrend line and can be considered an undercut and rally as it undercut the low of March 19 and has risen above it. My stop will be just below that March 19 low of $25.13 Giving me a nice risk reward stop. The chart I am using is the All-In-One LevelUp tool available here on TV. Check...
I have been tracking NASDAQ:ENPH for awhile now and I like how it is behaving this morning. I went long 1/2 size and already up $4.50 a share. It is now consolidating on the 5 min chart. I may add more. TBD. The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out. Ideas, not investing / trading advice. Comments always welcome....
IWM is currently in a strong accumulation area based on the volume profile delta. The indexes were a bit oversold after yesterday's CPI report and FOMC minutes, leading to a bounce in the afternoon. I am skeptical as to whether today's PPI report and fed speakers will have the same effect so I closed my puts. Here is my reasoning: VIX keeps rejecting above...
CPI comes in hotter than consensus. IWM slaughtered / QQQ under pressure / SPY closes negative. Yields & Dollar ripping. Oil ripping / Natural Gas selloff. Are we entering a new reflation trend?
Comments: Added at strikes better than what I currently have on in weakness, targeting the <16 delta strikes in the respective expiries paying around 1% of the strike price in credit to emulate dollar cost averaging into the small cap ETF. June 21st 182: Filled for 1.89 July 19th 180: Filled for 2.22 I also briefly looked at QQQ and SPY, but couldn't get in at...
Looking back, high probability positions buying RIG using macd and fib (50%). Following OSX sector, XLE. XLE/SPY.
What we know? Oil is likely bullish in 2nd Half (24'). BTC leads the small caps. TNX usually works as a head wind (and has took a pause). Rate cuts are very bullish for small caps and financials benefit in this environment? technically; the 20dma works as a driver. 50dma and 200dma just gives you context. You can add MACD to confirm things. Im speculating that...
... for a 1.87 credit. Comments: Targeting the <16 delta strike in the shortest duration that pays around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. The ROC %-age isn't tremendously sexy here, so primarily doing this to keep theta on and burning while I work shorter duration, higher IV underlyings (e.g., SMH, XBI,...