Next leg down to ~$26 on SLV ETFAfter Elliot 12345 up move, we are completing first ABC Possible down move to 26 in new trend after distributionShortby TheAlien5010
SPY SELLERS WILL DOMINATE THE MARKET|SHORT Hello,Friends! We are now examining the SPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 522.97 level. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals111
Opened (IRA): SPY August 16th 493 Monied Covered Call... for a 485.25 debit. Comments: (Late Post). Sold the -75 call against a one lot to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Metrics: Buying Power Effect/Break Even: 485.25 Max Profit: 7.75 ($775) ROC at Max: 1.60% ROC at 50% Max: .80% Will generally look to take profit at 50% max on the entire setup (stock + short call) as a unit, but won't hesitate to roll out the short call if in profit to keep my break even at or near where the underlying is currently trading or to maintain delta metrics. This is kind of my new favorite setup in the IRA versus short put, particularly in underlyings where the put side is skewed closer to at-the-money than call and where there is heightened IV on the call side. As previously noted, this only makes sense in a cash secured environment, since you get little buying power relief going with short put over this setup. On margin, the general answer pretty much always is "go with the short put" since that is more buying power efficient than being in stock or in covered call.Longby NaughtyPines0
Opened (IRA): QQQ August 16th 420 Monied Covered Call... for a 411.80 debit. Comments: (Late Post). Sold the -75 call against a one lot to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Metrics: Buying Power Effect/Break Even: 411.80 Max Profit: 8.20 ($820) ROC at Max: 1.99% ROC at 50% Max: 1.00% Will generally look to take profit at 50% max on the entire setup (stock + short call) as a unit, but won't hesitate to roll out the short call if in profit to keep my break even at or near where the underlying is currently trading.Longby NaughtyPines0
Opened (IRA): IWM August 16th 191 Monied Covered Call... for a 187.46 debit. Comments: (Late Post). Sold the -75 call against a one lot to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Metrics: Buying Power Effect/Break Even: 187.46. Max Profit: 3.54 ($354) ROC at Max: 1.89% ROC at 50% Max: .94% Will generally look to take profit at 50% max on the entire setup (stock + short call) as a unit, but won't hesitate to roll out the short call if in profit to keep my break even at or near where the underlying is currently trading.Longby NaughtyPines0
uranium bull run in placeURA ETF is close to second level breakout daily chart shows a breakout already. monthly chart is at resistance but can move higher in the next month. Cup and handle pattern has formed on the monthly chart. Electric cars will need to be charged and BYD is going to overtake Toyota and Volkswagon in the next decade. While the empire was busy occupying, China was quietly working to build its economy. Now the world can have cheap electric cars which need to be charged. Longby RogueCleanerUpdated 112
Spy to gain if we break 530 next week.I believe that we are in the middle of a strong uptrend, if spy can break the 530 barrier next week with strong volume, i think we will see a re test, and if it holds we can get to 540-560 by the middle of July. I currently have 555 calls for middle of July because i got them so cheap! If it rejects at 530, I think we will see another pullback and i will be selling my calls, any input is greatly apprecieted!Longby ksmith044210
Expired SPY Weekly outlook. 5th WK MAY 2024Expired SPY Weekly outlook. 5th WK MAY 2024 > NEUTRAL 📊 CORRECT Closed Price: 529.44 Target Price: 530 | Strike Price: 531.28 MAY28 24' Upper Range: 551 Lower Range: 510 by putIQ1
The rotation from Tech to Oils has begunI've been suggesting this for a while but the accelerator has been pressed hard today. rotation out of tech (XLK) into oils (XLE). Has a lot of room to run.Longby WVS_Stockscreen0
HydrogenHYDR has not broken out yet, but it’s threatening to do so, and I think it’s clear based on the preponderance of evidence that Hydrogen sector has bommomed.Longby Shammus010
Hydrogen ETFs breaking outYet another hydrogen etf that is breaking out of the “bear fib channel”. These sector etf’s originated at a recent localized peak in PLUG. All they have done so far is come down. Nobody knows what will happen, or how the prices will move when the sector sees real inflow for the first time. The governments are out there spewing hydrogen right now, and the ETFs are looking bottomy, and the stocks, although battered, are also looking bottomy.Longby Shammus010
Opening (IRA): TQQQ July 19th 53 Short Put... for a 1.77 credit. Comments: Adding a short put element to my TQQQ covered call on weakness.Longby NaughtyPines0
Opening (IRA): ARKK July 19th 39 Short Put... for a .77 credit. Comments: Adding a short put element to my ARKK covered call position on weakness.Longby NaughtyPines0
QQQ - Wave 5 underwayY'all gonna get rekt shorting this. Wave 5 underway. Might get another dip the next few weeks and then off to the moon. Targets based on various EW counts.Longby fb82Updated 9916
Volume will be all selling on SPYVolume has been so low as traders look for a new all time high, but big money is about to pull the plug. Going into the weekend ted as a baboon's butt. Shortby SPY_Trader0
SPY evening star setupFor those of you who understand candlestick patterns, this is not news to you. The weekly SPY is setting up an evening star formation. It's a bearish setup on a weekly chart. More importantly, it should be noted as a false breakout (if we close near current levels)Shortby ForexAnalytixPipczar2
SPY Red Alert below 524.61 we need to look downWe have a Demark 13 weekly exhaustion count, 5th wave 1.0 extension on EW, negative divergence on the weekly MACD and failed breakout, if we don't close above 524.61 for the week then the market looks in troubleby bcjsin20200
UVXY 15min ScalpSPX will decrease in price from June 3->June 10/11. Were you aware? Now you are. What can you do? This is one option to make money while market declines short term. The investment seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the performance of the S&P 500 VIX Short-Term Futures Index for a single day. The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measure the implied volatility of the S&P 500 over 30 days in the future.Longby TheCryptoChartWhisperer1
GBTC BarsGrayscale is following similar bar pattern fractal as previous 2 cycles and hitting resistance on major macro trendlines coming off the previous ATH. Nice steady uptrend since beginning of 2023Longby CBKWahooUpdated 9
$SPY - It can get ugly unless...If AMEX:SPY fails to bounce from here and breaks below $522 - $520 area, things will get ugly real quick! The members of the Fed are becoming sports commentators, narrating every move in the macro data and causing havoc in the market. Potential downside targets: $515 $498 $475Shortby PaperBozz1
3 men make a tiger - the power of beliefRead this interesting story here :https://www.shine.cn/feature/art-culture/2306162717/ Our mind is constantly bombarded with news, false information, fake news, rumours, gossips,etc everyday. Our attention span is decreasing by the seconds each day upon receiving a piece of news. We are too scattered and deplete our energy over many useless stuff that steal our attention, energy and adds no value to our lives. The good news is - we can control it. Make a conscious choice today in deciding what you want to read. For example, if you are like me, invested in Amazon, Meta, Apple, etc then corporate news about them may be of interest to you. This is my first priority so any companies that I am not vested in , I usually skipped them. Then, macroeconomic news for which I am personally interested in, I would spend some time to read and understand from various sources. Charts took a big junk of my time as I like to analyse their historical patterns and map out their strategy based on current happenings. For example, I loaded more to ride on the AI wave with the tech companies (ie increasing my shares) and apportioned less to other sectors (healthcare, financial, etc). I also spend time alone with myself - going for walks, run or swim. This me time is important as it helps to declutter my mind and push away stuff that are of less priority. Once you are married , have a family and kids , time management becomes more crucial as you need to take into consideration of your partner's needs as well. Housework, running errands etc will come when you least expect it. Thus, I have to be disciplined like keeping to 1 hour for swimming using my Apple watch to track. With fewer material needs to fulfil, all these advertisements in the malls, discounts on or offline does not sway me into a frenzy state that perhaps other may be. Keep your life simple. Oh, I also like gardening and that is a mental retreat for me daily. Pruning the plants, propagate new shoots, adding fertilizer, taking pictures of the flowers help me to stay closer to nature and most importantly the unnecessary lure towards online activities . Believe in your long term goal of achieving financial independence. Spend time imagining what kind of lifestyle would you be having, making the scene as vivid as possible. Revisit them often as if they are in the present and do not let your present circumstances influence you in any way. I have use this successfully to quit smoking, learn swimming, investing and many others. The process may seems slow initially but it will heighten your mental alertness to a new level , clearing your mind from the woods of the jungle. You will gain clarity as you invest more time , quality time in your goals. Write them down is POWERFUL and see them each night before you sleep. Keep it short and positive. All that you behold, it seems without, it is within your imagination Of which this world of mortality is but a shadow - William BlakeLongby dchua1969Updated 3
TAN Monthly ForecastLongterm position taken in TAN solar ETF. Immediate structural resistance near 47. Major resistance at 50-618 fib extension from ATH. Any break and close of Hagopian line will threaten longer term count.Longby AvenueWorkUpdated 3327