GOOGL has just broke through 2 major supports and had nice gap down on 6/22. I can see GOOGL trading up a bit to retest but in will take the market some time to sort out what effect Europe thing will have on the market . Uncertainty= Fear = Selling
If you feel like directional trade I like GOOGL down to 618 (at least) enter on retest of the support
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Election years in which the outgoing president is finishing up his 2nd term has had a pretty substantial effect in
the months leading up to the election. In 1987 the market tanked before Reagan left office in 1988 , 2008 when Bush II was leaving office , and it looks like it can happen again when Obama rides off into the sunset.
I believe uncertainty drives the...
i have been taught only sell puts on stock you want to own at the price you are selling those puts! Nike is one of those companies. Nike isn't going anywhere, continues to sell more shoes, and brand their swoosh worldwide
so pick an are where you think you would like to own shares. I like getting paid up front and lower my cost basis even more if and when i get...
GGOGL is shaping up to form a nice double bottom with s higher low. IF GOOGL breaks through 741.51 look for a retest off new support and a nice candle pattern with a good R; R
If that happens also look fora Bull Put Spread 700/695 next 3 weeks!
There are several financial reports coming out on 5/31 (Consumer Confidence and spending reports) - Bitcoin has been on quite a tear of late. I have no idea how those reports will effect any of the market much less Bitcoin. As far as technical analysis is concerned a rising wedge has formed and it has traded to resistance, so conventional wisdom says 80% of rising...
AAPL has made a nice move and currently is battling with the 50 and 100- So I exited 1/2 my 7/15/16 Calls with anticipation of either AAPL moving sideways or pulling back. I am not an Elliot Wave expert , but I am using it as a tool to plan the potential pullback. If AAPL follow my plan then great I may enter into more calls with a tight stop. If things change I...
This is a great buy / low sell high. 5-24 nice new white soldier candle stick (similar to one white soldier) , along with a nice bullish candle and volume. If you aren't in the trade you may have to wait for a little pull back- in order to get a decent R to R(Risk- Reward). I used an aggressive stop 9.21 and entry 10.05. May slow down for a bit at the 20 EMA I'm...
Axis line became support. 2.55 - is a very strong support-since records began. It truly looks like the bottom.
Let the red line break 2.976 and then let it be tested to see if it became the support or not n then go long.
It could really be a long of lifetime. However, if we break 2.55 then it's just a lost cause n short with both hands.
Make sure a clean...
