TickTackTrades

TickTackTrades

The nasdaq futures is currently at a major resistance where the market "broke" above the "rising channel" or like I like to say "bear flag". My personal view is that this week felt like a pump which can be followed by a dump! There is also a rising wedge. If the nasdaq breaks below the rising wedge than this would be very bearish and I would expect a sharp...

TickTackTrades

Nasdaq current price is 12535 and has retraced back to near last resistance. The market is in a bear market with lower highs and lower lows and if trend continues, we would soon expect the market to soon take a nosedive down. The relative strength index is above 50 which would be bullish in bull trend, but because the market is still in a bear market, anything...

TickTackTrades

CSX is back above the 50 day moving average and should be gaining momentum in near future. With call options, I'm lookin for the stock go back to all time highs. Tech info: RSI is above 50 and is trending higher (this is really good) The stock has been trading sideways and down for a long period of time approximately 3 months which improves this trading...

TickTackTrades

OTEX stock has fallen from an all time high from 50$ down to 46.50 area. This is a really good discount and analyst estimate a future price of $55-58. For this trade, you can buy a cheap May option for around 3.40$ per contact and has a high chance of bringing more than 50% return in the short. Technical info: Stock made a new all time high on 2/8 Stock has...

TickTackTrades

Tyson is looking good to retest the gap around 68$. Technical Info: Gap confirmed to buy back to Earnings per share better than expected 1.94 vs 1.58 RSI is above 50 and thats good for upward momentum TSN has underperformed the market and this stock typically does better when the leading sectors like technology start to lose their attractiveness. This is a...

TickTackTrades

AMGN is at an attractive buying zone at 237$ per share. I see stock going up 5-10% where I would start taking profits. Using leverage or options would be a good play for this stock. Technical Info: Stock is at a confluence of several moving averages which will help rebound. The stock is trading in sideways/up pattern and therefore is likely to continue or go...

TickTackTrades

BP and alot of oil companies look poised to make big trend changes. With BP holding 20-21$ support zone and a potential head and shoulders pattern, this stock should be getting back to 25 dollars. Technical Info: A large head and shoulders/ or cup and handle RSI is trending up while the stock may have found support at 21$ This stock took a beating from...

TickTackTrades

Amazon stock is at a good price for entry at 3277 and am expecting this stock to start gaining momentum in efforts to retest all time high at 3546. This is an 8% move and will be using stock options to magnify returns. With vega options being high priced in this stock, I will be using a vertical spread in buying April 19th strikes at 3275 and sell call at 3400....

TickTackTrades

I have been bullish the past 2 weeks on the nasdaq, but to me, everything has changed with todays price action. We have been unsuccessful in breaking above the 50% Fibonacci and the rollover of weakness is starting to show up in my custom indicator. As you can see, in a bull market, my indicator stays above 0.0 and in a bear market, the indicator tops out near 0.0...

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TickTackTrades

Hey guys, this is Spencer and today I'm sharing a trade that I'm currently in and discuss why you can enter it as well! XLU is the SPDR utility ETF and is riding above its 50 day moving average. It is making a series of higher highs on the daily and I believe it will retest the 200 day moving average which is very close. I bought the September 49$ Strike for 3.10...

TickTackTrades

DJI has making lower highs and right now the DJI could be making another higher low. This downward pressure will lead DJI to retest support & 200 day moving average. If this is an AB-CD Wave, DJI will break through support and market sell off pretty hard.

TickTackTrades

SPY is making a series of lower highs and in some sectors, a lower low. This is troubling as the market could dip another time! I am expecting market to sell off again! SPY needs to hold the double bottom in order for the market to still be in a bull market.

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TickTackTrades

Hi, my name is Spencer and it's been a long time since I've posted any ideas. I use to be a forex trader for many years and due to time constraints with my great full time job and becoming a dad, I've switched to trading stocks and specifically options. For this trade, I am entering a short position on XLP by buying the 55$ strike for about 5 dollars per...