TraderMD

TraderMD

Trump Policy could have some bullish impact on oil exploration. Options Bull Call Spread is ideal for the option traders with a time horizon all the way to July. Or a long Call (short put) Option Leap contract with a time horizon of about 2 years.

TraderMD Updated 

AMGN has deviated outside the inner channel into extreme ends of what would be considered to be the sides of bell curve. Short but be cautious. 1st PT around 165 if break then 2nd PT around 144.

TraderMD

Older iphone users herd upgrade. Will it continue into next year or just this quarter? Earnings just around the corner.

TraderMD

BBY still has to hit L3 marker for the HVF to complete. So there is a strong probability for a short setup. In contrast, there might be a possible Long 123 setup forming down the road as well. For a long position, entry might be @ prior resistances level round 35.44, otherwise if price action compromises support then further downside is expected. Note that 32...

TraderMD

NVDA is spiking extremely up. Almost reaching Max profit PT. Standard error of possible profit max target is the green rectangle. Possible setup for a short solely based on technical alone. Short at Profit Max or after reversal pattern develops. Further fundamental research may be need, forecast is subject to change.

TraderMD

Possible rally?? Shorting until support develops. Long entry may be at the support retest/bounce.

TraderMD

Possible 123 pattern. Earning announcement in Sep 8th. If your looking for a quick trade best to wait for 4th pattern to develop as an entry point to go long. 2nd options is aggressive and its shorting at the resistances level 3rd pattern, then exiting near (or reaching near) 4th pattern. Anomaly movement is no rally to the 5th pattern point, consolidation...

TraderMD

Update from my previous post. Looks like BBY is rallying and will continue to possibly around the $36 PT. Expecting this to hit max PT of $37.50. Searching for conformation of rally continuation such as a test of support, probably around the inner declining dotted line or at the previous high resistance of ~$35. So temporary long until otherwise.

TraderMD

TSLA stock is at a crossroad and maybe hard to admit that its lost in direction and headed back down for a recharge. I do see the potential for this stock to rebound if it does drop. Longer term, aside from all negative headlines TSLA is a threat to the old standard traditional car makers, dealers, auto mechanic. Its also a threat to indirect markets such as...

TraderMD

SQM is claimed to be the efficient chemical mining leader in its group. Lithium demand and prices, as well as output along with the stock is expected to increase. SQM financial is weak relative to prior performance, but current levels are holding up and is expected to improve. Lithium competition: ALB, FMC, ASH, POL, TLH, LIT, GXY, LAC, ORE, CLQ, and WLC

TraderMD

Lithium is expected to be in higher demand. ALB beat Est. the last two quarters. Rev. and Sales good, Net Inc. is okay but could use some work, and Share holder Equity is strong. Bullish to Neutral until continuation patters develops. Long with about a 12 months time horizon.

TraderMD

HVF pattern developing. A macro perspective: short BBY long-term simply because of online retail dominance for tech products. I'm skeptical that brick and mortar retail will survive. BBY prior CEO placed a cost focus strategy that the new CEO has agreed and does not plan on changing. Cost focus strategies does not help with growth unless the company was operating...

TraderMD

AGN broke out of the funnel to the downside. Keep on keeping on... I'll be bearish until OBV breaks resistance. Horizontal movement could develop.

TraderMD

Horizontal movement this stock looks good for swing and position trades. Or as an option trade straddles and strangles. However one interesting aspect is that the OBV is in a trend upward, precluding an long run trend.

TraderMD

OBV and RSI indicate a possible bounce to the upside. Keep eye on intraday for continuation downward or break to the upside. If you wanna play both sides a straddle or strangle option strategy two or three months out might be ideal. For a one sided trade check OTM (out-the-money) contracts and the Vol in the options contracts relative to the strike price before...

TraderMD

HVF pattern seems to be developing. Consolidation has developed in the neck of the funnel (aka Channel). Thus far the Smart money seem to have pulled out already indicated by the OBV, and RSI hit overbought levels. Entry @167 for the short, or you could wait at the breakout of the orange funnel. Intraday BIDU as shown impulsive up spike but still has not broken...

TraderMD

NFLX appears to be setting up for a breakout to the upside and for good reason. Although Q2 is expected to be poor, the remaining quarters of the year is expected to be better. Multiple positive catalyst in development in the long run, and negative churning from small price increase ins subscribers at this point doesn't seem that much of a concern, since NFLX deal...

TraderMD

FB is coming near earning and last quarter FB declined going towards earnings and broke towards the upside after earnings. FB is reaching Technical short term resistance and RSI is over bought, thus I expect a temporary decline going towards earnings as it did last Q1 16". Thus far there is conflicting signals over the longer term direction.