MIkeInValdosta

MIkeInValdosta

We are not just sitting under the current $40+ gap, we are actually under the Cambridge Analytica gap of nearly $8 from March 19. Here’s the kicker, we are just above an unfilled gap following Q1 earnings. A slip to 160 is needed to fill this gap. sogacapital.com

MIkeInValdosta

Anticipating a 2% to 3% drop prior to month end, we are purchasing the August 3, $72.50 strike PUTS. Paying $0.83, we need a move below $71.60 to get us profitable. Ideally, we will get a decent drop early and can exit the position this week.

MIkeInValdosta

The 119.57 level may offer some resistance but we believe a breakout is imminent. However, we are going to pony up a little bit of premium to buy us a couple of months for the move to materialize. The September 21 $119 strike is being offered at $3.40. This will require a nearly 3% gain at expiration to breakeven. Should the 119.57 level be bested, 126 could...

MIkeInValdosta

Too much uncertainty and overdue for a pull back.

MIkeInValdosta

Expect lower bound of upward trend to be tested next week. A bounce would be a great entry for long position, a breach would be a short.

MIkeInValdosta

Four of the past five years have seen the 4th quarter begin a substantial rally that last through Q2.

MIkeInValdosta

Is the 3rd time the charm? Tax reform prospects and the fed may prove to be enough to get the long end of the curve higher.

MIkeInValdosta

Tax cuts/reform and dovish ECB support DXY reverse head and shoulders break out.

MIkeInValdosta

The technicals and fundamentals are aligned for a major decline in EURUSD.

MIkeInValdosta

Currently sitting on support. A move above the 50 day and we buy calls. A break below upward trend and we buy puts.