clifkix5

clifkix5

Confluence of MA looks to be coming together right as we make for this 200MA at the 300 level. I personally think this is coming together really nice. One more up push to that 300 range and this should be exhausted and drop from there. My technical indicators are still showing bullish daily chart but tired and could definitely see a breakdown coming or at least...

clifkix5 Updated 

I for one am glad that we are finally seeing a confirmed move out of the trading range we have been in for the past 3 weeks. The market has just been ranging back and forth for a while now and this is refreshing to finally see some tradeable setups that are really starting to form here. In my opinion I believe that this thing will probably go up to around the...

clifkix5

On Daily chart that level appears to be key resistance and also major support area. I do feel that other indicators are looking at another retest of that level on Daily chart. Opening small trades to play swing moves is fine but I wouldn't agree with anyone who is opening major short positions until we see a confirmed and sustained move below that level. If...

clifkix5

Has been trading in the same band of 292.93-278.69 for 3 weeks now. There has been one move to the downside outside of the band and one move to the upside of the band---both were rejected immediately. Consider placing short term Iron Condor's around this area for quick little plays while this consolidates. Positive news on transmission rates or vaccines...

clifkix5

okay here is my earnings play for the day RSI low in oversold area after running high on last channel bounce ER today after close. Usually sees 2-3% gap on ER expected to beat plus good guidance with new NBA deal and TPP passing. I'm looking at JUL 2 calls at 109 to purchase before EOD and sell tomorrow at open. Could hedge by doing bull spread buying calls at...

clifkix5

Battle of the forks. To me it looks like it lost support of recent uptrend. Weakening in futures will lead to lower SPY

clifkix5

AMGN has been trading in a nice range since the end of last year on daily charts. However, the 20 day and 50 day SMA are begging to approach the 200 MA. If it can hold look for it to retest resistance at 173 range. If it breaks below that trendline and we get a Moving average cross, it could lose momentum and break through second support line in 152 range. ...

clifkix5

Clear Divergence forming as Goldman has been ranging for awhile now in the box. Nice clear double top. I think we see a reverse back to the resistance level at 158.28. Try and test and then a long way down to 120s-130s. Please let me know your thoughts.

clifkix5

Oil is going to make its seasonally adjusted pullback to lower levels taking USO with it. The set up is already a nice downward channel with a double top confirmation. Look at Sept puts at 35, 36,37. Could drop as low as 33 making a stop at 35 for support before continuing downward

clifkix5

Been wanting to Short USO for a while. Egypt can mess this up. But it is stuck in a solid downwards price channel with all indicators signalling downward movement. I'm looking at the Sept 21 puts at 35 strike. Will sell near the money

clifkix5

Ford is continuing its two week long move upwards. Ignore major fluctuations due to ER (which btw were spectacular!!!!). I am still very bullish on this stock. I think you see upwards movement especially with Dividend and July Sales coming up.

clifkix5

Ford going to $20 is a very real possibility. Good sales and good market data even out of trouble spots like Eurozone