Option_Traders

Option_Traders Updated 

This is the level I wanted to see. If this can hold here would be a great r/r for a long. Watching what happens at this area for the day. Hopefully this holds and can recover from here.

Option_Traders

NQ didnt make a lower low unlike ES and RTY. Gap filled and now needs a break above this level for another squeeze. Market shouldn't be surprised by whatever happens with FED as they have said their intentions for awhile now. Took a few long positions ahead of Wednesday. $MSFT is another one to watch, near June's low and holding. If it can hold here would be great...

Option_Traders

Software stocks were on a tear last week. Even while market was cooling off there were a lot of software stocks making new swing highs. Posted $SHOP last week. $NET $TEAM had nice moves after ER's. If market wants to go sideways again and just not fall then keep an eye on software. That would be week one of a possible reversal. Dont want to jump the gun there but...

Option_Traders

NFP and employment numbers came in hot. This is also the 1.0 fib extension from the breakout and the downtrend line as well. So stiff resistance and not the numbers market wanted to see. All longs were closed yesterday so just sidelines for the time being. Will post new setups once I see them.

Option_Traders Updated 

in some calls from yesterday, if market can hold this has a lot of relative strength and can head back to $40.

Option_Traders Updated 

I didnt have the guts to pull the trigger on this yet ahead of ER. Now that AAPL and AMZN are out of the way its something I want to try and lotto before ER. I think this should have a pretty sizable move from here. Er's are a coin flip but the way the market has been treating bad ER's seems like expectations are so low that things are priced in, at least for now....

Option_Traders

Traded the intraday cup and handle, hit 1.618 target. ER is on 08/02 so if you are following you have a great entry to swing if you want

Option_Traders

Software as a sector has been very weak. However, there are a few exceptions. More established companies seem to be holding well and trying to reverse. $ADBE and $INTU both are looking strong in the sector. Both are well established older companies and I think bulls are still scared of stocks that are smaller and hyper growth focused. Software led the markets the...

Option_Traders Updated 

Semis have good momentum today on the back of news. This setup looks promising and near a breakout. If market wants to rally keep this on watch or you can try calls to front run it.

Option_Traders Updated 

AMZN is on an important historical level here. It has been defending this area. You can see the action that has happened here back in 2108-2020. Was a previous breakout and trying to hold as support. I dont know if this level will hold but should be on watch. If it gives out AMZN can drop again back to the $90 area. Considering it already rejected the 200sma on...

Option_Traders Updated 

nice setup here, unfortunately earnings are next week. But this has been strong and nearing a breakout. MSFT typically doesnt move much on ER's but if it can have a decent report and this wants to break should see a big move higher.

Option_Traders Updated 

$ENPH $SEDG $FSLR all have nice setups. Also Biden is going to make some executive decisions on climate change so these names might get some momentum. Hard to find a bearish setup in solar sector.

Option_Traders

Keeping on watch for the breakout, nice setup. Formed a higher low recently so it may be ready to finally break.

Option_Traders

Ive been waiting to see if MSFT was going to test this lower trendline here (circled area). That will be huge. From there we can see if that level holds or gives out. Can definitely go either way but the r/r from that area would be great for either a long or short. If it does hold use the lower trendline as SL for your long. If it gives out it is a short to the...

Option_Traders

Both CAT and DE have shown a lot of weakness the past few days. Volume has picked up again as well. If 295 breaks on DE it would make a failed double bottom or if it can get back to 305-306 area can be an entry for a short. Looking at 9/16 280p. PT: 280.70 using 311 as SL

Option_Traders

This has been getting some good looking at volume buys in a base. Most of the consumer services companies have been doing good last week or so and some names have already broken out, $MCD $WEN. SBUX might follow them. Above 80, looking at 9/16 80c PT's: 83.80, 85.60 SL: 78.60

Option_Traders

Very nice move here. Gapped over trendline. Nice consolidation on weekly 200sma. If market wants to reverse these are the levels to watch from here.

Option_Traders

Went long yesterday on this, looking for a bigger move once this triangle breaks.