joeylowe

joeylowe

$SPY was tracking the upper end of the bullish trend line for weeks. This week, $SPY was really hugging the upper trend line but could break through because of a lack of volume. I used a combination of the 200 MA, support and resistance lines, and trend lines in conjunction with earnings season kicking off in earnest yesterday to anticipate there would be enough...

joeylowe

$SPY has been teasing us since Monday but now it's ready to keep pushing upward with bank earnings driving the trend. Every day this week, we've seen higher highs and higher lows as the upward trend continue. Yes, volume has decreased some but this is due to earnings hesitancy. Now that banks are signaling they are profitable, we should see $SPY break through...

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joeylowe

Just a quick analysis for anyone wondering what's going on with $BA and a good strategy going forward for the next couple of weeks. Remember they had a surprise miss on their earnings and it's gonna take them all of the first quarter to recover from that. Good luck!

joeylowe

MOMO has both volatility and volume to make a decent move tomorrow and maybe the remainder of the week with next level of strong resistance at the 38.50 level. Nov. 15 calls with 38.50 strikes are trading at 700-1500% normal levels and the premiums are still relatively cheap. This makes for a decent day or swing trade as long as the China & US deal continues on...

joeylowe

Looking at recent trend analysis, where I connected the highs and lows off of recent moves and it appears the pivot where the trend switched is 33.77. I've not been able to ascertain a real bearish move yet because since the trend reversed, AMTD has consistently closed above the 8 day EMA every day the market has been open. Volume has been normal too. Although...