$GPRO We cleared some key levels but a bigger move is coming. Notice the key levels we have passed and every time it has lead us to the next key point. I have made a killing the past 3 days trading the weekly OTM calls. I still have calls expiring Friday and calls expiring 1/2/15. I also grabbed 10 of the 1/17/15 $50 puts for $.43 just before the close today. ...
Gopro (NASDAQ: $GPRO) is down 28% since hitting a peak in the first week of October. A lock up withdrawal of 5.8M to start a charity was a signal that more "downside" was to come. On December 23, just about every share remaining in the lock up (borrowed money) will be made public, thus flooding the market with supply; driving the price down even further. Lean...
SHORT PULL BACK IN US STOCK INDEXES IS DUE SELL THE ATM VXX OPTIONS SCAL IN IF CLOSES LOWER THAN THE PREVIOUS ENTRY PRICE COVER WHEN 2 PERIOD PDI >70
Idea is simple: 1. Wait for market to recover to 1.7116 - 23 2. Buy September Put Options with a strike of 1.70 (personal preference) 3. Wait Rules: 1. If market proceeds to make a new high above the 1.7190 High on the 15th of July.... Close position. Why am I using options?: 1. Risk is fixed. 2. Greater leverage because we are expecting a SHARP selloff from...
$AMD trading in the midst of a bearish flag/pendant pattern. Inside of this pattern we have two high probability bearish reversal harmonic patterns. A cypher (purple) & and bat (red) pattern.If price action ever make it up to these two patterns, We may see a potential false break out here, we have previous structure resistance dating back to 2008 at $7.07 & $7.95...
YHOO - Bearish Yahoo! Inc.(NASDAQ:YHOO) Sentiment: Bearish Open Day: 07/18/14 Close Day: 09/04/14 Probability: Medium Analysis: Technical + Seasonal
Twitter seems to be rejecting the 1.618 ext of the Crab pattern measured from A to X leg. Bearish Divergence may be a conformation of a pullback or a complete reversal in price. ****************************************************************************** For inquires of education, live trading room, or prop trader funding...
Current trend lines suggest IBM heading to around $177 by mid July. Possible reversal of trend if trend lines broken are broken. Little indication of a change in trend are given. Most indicators reading flat or short.
Yahoo has produced two high probability patterns that would fit well in a bearish channel. The cypher (purple) formed right after the rejection candle at $32.17 at the 1.27 extension measured from the X to A leg. Price also put in a double top at $39.64. A Gartley pattern (red) shortly appeared right after. The kill zone for the bearish Gartley pattern is at...
The gold sector has been rather sanguine of late and considering the lack luster performance of the underlying, that sector under performance is understandable. I believe there are areas within the gold space that are starting to offer 'value' investors some very interesting propositions. The great part of 'value' investing is we are often presented ideas when...