Analyzing the options chain and the chart patterns of VRNT Verint Systems prior to the earnings report this week,
I would consider purchasing the 30usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $1.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Cryptocurrencies were left behind by the recent Stock Market rally.
With the arrival of new BTC Bitcoin ETFs, I expect the Crypto Market to follow!
SOL/USDT long
Entry Range: $18 - 19
Take Profit 1: $21
Take Profit 2: $25
Take Profit 3: $27
Stop Loss: $13
The Finance Stability Board said today that many stablecoins won`t meet the requirements stipulated in its recommendations for cryptocurrency asset regulation.
This could have have ripple effects in the entire crypto industry!
My price targets for Shiba Inu SHIB are:
SHIB/USDT shot
Entry Range: $0.00001300 - 0.00001360
Price Target 1: $0.00001220
Price Target 2:...
September has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Celsius CEL has a negative overall...
Facebook $FB is fundamentally and technically undervalued relative to the market $QQQ, with a forward p/e of 20 it's cheap for a big growing tech stock. Today's price action formed a bullish hammer candle pattern with the price under the lower Buy Sell Band making for a good long entry. Range Strength indicates the price is non-trending and we're 7.71% below the...
Performance Food Group has been operating since 1885 and sells more than 150,000 food products through a variety of channels including directly to restaurants, making them a very stable company. On top of that in the last 2 years revenue has grown 50% and the stock price hasn't kept up, making for a good long opportunity. Technically speaking, price is...
Walgreens Boots is a very stable business with over 9,000 drug store locations across the states giving it low downside risk, valuation is cheap at 14.91 times earnings and a 4.37% dividend yield. Technically speaking price is below the lower Buy Sell Band, Range Strength and Hurst Exponent both indicate price is in a non-trending mode, and the RSI shows it's...
EBAY has a very stable, profitable and long history of operating business model. With a P/E around 21 and only $42b market cap it's relatively cheap. It looks to be setting up for a good long play here with price below the lower Buy Sell Band, 8.40% below the 50 day MA, and solid Range Strength/Hurst Exponent readings for a mean reversion play.
iRobot makes robotic applications primarily for residential household use, like vacuums and pool cleaners. The company has a steady upward trajectory with revenue growing on average 20% per annum for the past several years. However today, the stock has been beaten down 3.75% on below average volume. It's currently under the lower Buy Sell Band with a RSI of 13 and...
There's plenty of opportunity in the stock market today with lot's of good stocks being beat down to dramatically oversold areas, one of these is $HXL a carbon fiber maker for defense programs and a stock which has beat on 4 of it's last earnings releases. Technically speaking the stock is considerably below it's lower Buy Sell Band and 17.61% below it's 50 day MA...
Quiet day in the markets, volatility down slightly, all sectors seem to be trading together in wait and see mode. No exits today, entered 2 new pairs trades. Will likely enter more trades tomorrow and Friday but don't plan on entering any new trades next week going into the election.
Jared
