Hey everyone, in my portfolio I have added a good bunch of stocks and I will be sharing my positions, very small positions via options all expiring on the 15th of March. Currently the market is a little shaky, right at the point of buyer exhaustion but also mixed with fomo of this trade deal coming out very well with China. So what am I even talking about? Well a...
Hey guys and gals it's been a long time since I have posted an idea but I have one where the risk to reward is quite appealing, AT&T is in such a nice triangle pattern since its inception and is playing out very nicely and getting quite tight in price. On the monthly chart we see a baby triangle inside a huge triangle, what this means is we are in the loading up...
Hey fellow traders, haven't done this since last year but I'd like to go ahead and point out a couple things. At the very moment we are at very important key levels for a major move in either direction of the overall stock market. If I were to have to pick a direction for the following 2 weeks according to all the indexes and all the record breaking overbought...
Pretty self explanatory, beautiful pennant/triangle breakout. Consolidated a bit before breaking strongly through today's resistance (GREEN LINE). Along with other names like nflx and aapl, all set up perfectly at end of day for another possible gap up tomorrow morning unless some sort of negative news comes out overnight then ideas automatically go to the...
Oil has taken one of the worst beatings in a while, definitely signs of a reversal forming here and therefor I am long via calls, looking for a move towards the yellow box as there is strong resistance there. Break above there would lead to a good couple weeks of uptrend, for now just an oversold bounce plus good news at the moment. A move below the top of the...
WMT looks good here for a long via options can be a day trade or swing into next week. Close below 96.75 is bearish, above 97.32 is bullish.
With the arrows displayed is what I can see happening today as news comes out throughout the day from the Trump Xi meeting. Something is definitely brewing.
Ended up taking a small loss on SPY calls in the morning as I was quick to cut the loss as I realized tons of selling pressure as well as the break of support trendline in the morning of todays open. If anybody took puts at the open as I mentioned I would do, you should be sitting on some nice profit right now, I would lock that profit here as SPY is at another...
SPY closed last week at a very interesting place, SPY was able to make a higher low which is always a great place to add your support trend line. At the moment according to the candles formed we are looking bullish into thanksgiving, according to trend lines we could be preparing to break lower to make a double bottom at the lows of October which is a very strong...