jembrown

jembrown Updated 

8/6 earnings - Thesis: Price action reveals too few bear signals = good gamble on bullish pivot post-earnings Last session: -profit takers sold earnings announcement 8.6. -buyers stepped in near yearly top, confident of earnings risks Last few months: -6wks compact range consolidation near ATH -volume decline, seller absorption -secondary offering absorbed,...

jembrown

SP:SPX 3 ATH knocks on the door in last 18 months... Resistance holds or yields on next attempt?

jembrown

Juicy bull pennant about to get ripped. Possible 1-2 days remaining inside trendlines. As long as QQQ doesn't shit the bed: BUY FEB22 360c if/when price arrives 361.50. or BUY FEB22 355c if/when price arrives 353.50 first.

jembrown Updated 

Waiting for volume push out of resistance zone = clear path to ATH. GH

jembrown

Wait for breakout of upper trendline (163.75), or dip below trendline (160.50). Either scenario triggers BUY of FEB 22 162.5c. Breakdown of 158 triggers stop.

jembrown Updated 

Today NASDAQ:GOOGL — -fights off pop and fade -breaks out of 2-day wedge -climbs channel, topside. Still work to do, but holding Jan. 11 expiry 1110c @2.50 because: -today's performance -moving averages momentum -QQQ outlook. If Trump evening speech has any effect, it will be upside, because: -manipulator-in-chief.

jembrown

Volume trend suggesting upper TL shall resist and not be broken this time around. IF: -5MA, 10MA fail 50MA golden cross -TL holds QQQ price -MACD reverses -NFLX doesn't break the bear mkt by itself on THU THEN: -plenty of air below for bungee plunge. -will grab a set of 2/15 QQQ 157p, looking for return of 15.00-25.00 per contract.

jembrown Updated 

Time for this baby to rise and shine! Grab some Feb. $75 calls, sit back, and enjoy. NASDAQ:TLRY