BrianDreamTrader

BrianDreamTrader

Will it bounce at 160, or continue on the the 150s before we find the bottom? These are the simplest of Fib-based support numbers. Elon usually suffers the ides of March, so buyer beware! Seriously, I might have to sell some PUT contracts if the price goes much lower. Take your best guess and trade what you see. Enjoy!

BrianDreamTrader

After scary October, we began this new monster rally. Santa Claus and January effect? Both were on time. Then reports of a "Market Trifecta" were rampant - some saying we would, others saying no, the first part of it wasn't there. Poppycock! Here we are, just 16 weeks after the last daily low... You may have seen the last couple of these Ideas, so here's one...

BrianDreamTrader

Pick a level and you may be right several times as we see price continue to the upside. Quote from: covid19.ca.gov Expect all COVID-19 rules everywhere to be lifted ... The public health order effective March 13, 2023, supersedes all prior health orders. Do your own research as always. And, the Fibs rarely lie.

BrianDreamTrader

Let's do this again. On the daily, you can see the move. If the market believes that the FOMC is achieving its goal, will they continue buying? If the November to May adage is true, how high might we go? Do your own research: seekingalpha.com

BrianDreamTrader

I'm holding a bullish position on NKLA and had what looked to be the perfect price when I sold a few $3 CALL contracts a few weeks ago. After the news of the fire, of course, NKLA price has taken a 68% haircut, and I'm pondering the wisdom of building a position at these prices. As always, comments are welcome, and feedback is encouraged. Thank you for your time.

BrianDreamTrader

Bloomberg reports AMZN in talks with telecoms and the carriers all sell off in response to the news. Reuters reports AMZN says they are not talking to telecoms and now we wait for investors to either buy back their positions or continue selling due to the spike down in prices. Which side are you on? The side I'm on will be selling PUT options next week on TMUS,...

BrianDreamTrader

The market is up since mid-October as inflation shows no signs of retreat. The VIX is at a new low and Fed Chair Powell: "said on Friday it is still unclear if U.S. interest rates will need to rise further, as central bank officials balance uncertainty about the impact of past hikes in borrowing costs and recent bank credit tightening with the fact that inflation...

BrianDreamTrader

Neutral is not really a position or a strategy, is it? I'm talking about putting on an options trade tomorrow ahead of AMZN earnings, due after the market close. You could buy both sides of this "event" with a strangle and lose up to your entire bet if the price does not move beyond its current price of around $115 by at least 10-15 points (looking at the most...

BrianDreamTrader

The specter of September is not a distant memory. October is that "scary variable" and we are not out of the woods yet. September's open-to-close was a drop of 40+ points. In a matter of weeks, the SPY could climb back above 400, then the Santa Clause Rally and January Effect could take us right back up and over 450. Of course, this is all wishful thinking and...

BrianDreamTrader

As usual, I'm drawing Fib lines all over the map. Those blue lines around 11600 are doji candles where decisions must be made. If traders decide on the upside, the big whole number at 12000 is not so far off. I'm long TQQQ, so GO NAZ!!!

BrianDreamTrader Updated 

Adding another Fib retracement value and range at the bottom, if September does what it so often does. Enjoy!

BrianDreamTrader

This is something I drew in July. And, now I wish I had published it on the day I drew it... However, if we do manage to push through the 430ish area, this chart and my drawing make no sense. If we stop at the top soon, September is coming, so beware!

BrianDreamTrader

This reminds me of the year 2000, when seemingly everyone was saying the dot-com and the tech bubble was about to burst. I did not heed that warning and suffered 17 years of self-imposed misery after that... Here we are now with crypto having hit all-time highs and so many people are now saying that the bitcoin/crypt frenzy is coming to an end. I'm not interested...

BrianDreamTrader

This may not be meaningful or detailed, but it is related to an earlier post I made about Bitcoin and its recent new highs and lows. If the downtrend has ended, how high will it go? WhoTF knows? I'm just saying there are ideas that can be expressed with Fibs and Waves. Tom Petty said it well - You believe what you wanna believe! My original idea on where price...

BrianDreamTrader

Which will come first, after the 40s of course, 20s or 60s? Please chime in with your ideas on BTC. With banks and businesses becoming more accepting of cryptocurrency, where do we go from here and what would drive the price in either direction? This is more of a ponderance than a prediction, and I'm hoping to hear from people who have a better understanding of...

BrianDreamTrader

Earnings announcement coming on Feb 1st - for the period ending December 20, 2020 - so I'm stalking cheap CALL options above the $40 price level. Do you think they've made any money selling their COVID-19 vaccine? If so, will that profit be reported in the upcoming announcement? I'm thinking yes, and yes, so I'm taking the small risk for major upside potential....

BrianDreamTrader

Today you can straddle this June expiration 7.00 strike price for $100 - and the question is does it go to 8.50-9.00 or does it drop to under 6.00? I do not trade gold in any form, so I'm looking for answers/thoughts from those who do. Draw channels, add other indicators, or whatever, but gold has been up since the ides of March. So, beware! Thanks in advance for...

BrianDreamTrader

Looks like 140+ is possible, then heavy resistance at 147. Can we get there before we begin to recognize the impact of a global shutdown? That calls for an 18% rise to 140 and a 25% rise to 147. Anybody else seeing this upside?