WallStTrader

WallStTrader Updated 

$CSX has had a significant run here and just broke trendline support. Looking for a target to at least .50 retracement with this kind of run. There also happens to be previous support in the 46.20-46.50 range. Will look to take off put debit spread in this area.

WallStTrader

The stock market rally isn't over & bonds may not get bid for a while. Short-term the stock market may see a Wave 4 corrective pullback but my count still shows a Wave 5 leg in the future. Based on my outlook on the dollar strengthening and the stock market continuing to rally I am short bonds. I am slightly late to the Wave 5, so our risk will be a slightly...

WallStTrader

Longer term trade here with fundamentals and technicals aligning. Technicals I will be shorting EEM as it has completed 5 waves inside of a long-term downside Elliot wave. We will be looking to short EEM as it completes a long-term wave 5. Fundamentals The US Economy is strong. The Fed will more than likely hike rates in March or soon after. The rate...

WallStTrader Updated 

Played $ebay to the short side today with options. Play Bought 34.5/33 Put Spread for .57 Reasoning Competition of Daily Elliot Wave 5 count inside of Weekly Elliot Wave 5. Held .786 Fib Extension of Wave 3 resistance. 50SMA was left in the dust. Looking for a convergence before continuation. I will posting updates to the trade as I adjust my position.

WallStTrader

Getting short some $BBY here. Staying away from options as earning are upcoming.