WillNixTrading

WillNixTrading

Whats up Traders - Does this amount of Short Term Growth Seem Sustainable to you? I mean that truly as a question, not as a suggestion For this study i took a simple look at the distance between the 'standard' moving averages, and how they lined up with / overlaid major market upheaval. "History Doesn't Repeat Itself, but it often Rhymes" - Twain - Nix

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Whats up Traders - Stealing a CNBC idea, but i like it and agree with it. Biotech has bounced back to its past highs. IN all liklihood we will bounce around here for a bit - Entering a Call Credit Spread 1 x 123.5 Call Sell Jan 31 1 x 125.00 Call Buy Jan 31 Have a look and see if you. Best of luck. - Nix

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Whats up traders - Havent been posting much lately, but been keeping an eye on the SPY. As far as Price Action / Momentum divergence go, this one is as clear as day. We broke the low MOMentum mark with today's bar close. As such, it might be a good time to starting thinking short, or at least closing out those longs. Best of luck everyone. Hope for the best,...

WillNixTrading

Whats up Traders - Next installment of, 'What I think I know which way the market will go'. Please enjoy: I think it will go up towards the target box. Thank you

WillNixTrading

Whats up Traders - Just another installation of my take on the tea leaves - Support at some obvious levels after the china tarriff news . . . 50dma held plus was in the vicinity of some previous resistance levels. Id like to see those support levels break down to prove an additional short towards 283 Currently, out of the SPY fun and waiting for some more information

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Whats up Traders - Looking out here at a 'swing trade'. I'm fully expecting: oil prices to rise Production to stay curtailed The Iranian sanction lift to go off without a bearish pressure on the oil industry. Summer Demand / increasing demand to cause shortages Prices to Spike Oil Companies profit outlooks to rise Long Halliburton / Oil is a solid low...

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Whats up Traders - Just a theory - making a small play on it. . . . predicting the bull trend continues - especially post rate results this afternoon. Target 310 by the end of June 2019. Let me know your thoughts and disagreements.

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Whats up Traders - We're at a major Pivot Point . . . this would be true utilizing several different TA methods, however, we are using the ABCD Pattern. Not a 'perfect shape' but they rarely are. Be wary of getting long while in this 'pivot' area. We are short with a stop loss about 2% above the top of the pivot area.

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Whats up traders - Analysis is on the chart. This is a short term day trade. We got a momentum / moving average channel buy signal on Nike this morning and have bought in targeting $82.00 Let me know if you have any questions and best of luck!!!!!

WillNixTrading

Whats up Traders - Been laying low in the trading world due to some disagreements with my overlords here at TV. The Charts Are confusing - IMHO - And this is a good time to remember a few trading principles that Ive learned, the expensive way, over the years 1.) You can see whatever you want in the charts. TA is an art more than a science . . Its not the only...

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Whats up traders - Remember, on the bright side, a bear market is just a bull market turned upside down. Get ready to stand on your heads. I have long predicted that the SPX was destined to touch the 200W MA since we broke below the 50W. See my previous charts for verification of this. Now that i have patted myself on my own rump and acknowledged that my...

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Whats up traders, Couldn't think of anything to punny / funny for my title. but most of the explanation is on the chart. I see this as 100% pure shorting alpha when the timing is right. Have a look. . . let me know your thoughts.

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Whats up traders, We have a high probability pullback / gap fill today. We will be looking to get short and phase out within the target zone using a trailing stop loss type exit strategy. Best of luck. We would set our stop loss at around 10-15% of our position size.

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Whats up Traders, JPM - Mediocre Results and price rally CITI - Medicore Results and price rally We hope BAC has GREAT results .. but are optimistic that with even mediocre results that the XLF financials sector will continue to rally. There is a gap fill from earlier in the year that still to be filled. Stop and Take Profits are listed on the chart.

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Bullish action on low volume... Whats up Traders - Technical - Middle Term (We are in a Bear Flag) Shorter Term (We are in a Rising Wedge) Volume has been low on the breakouts . . we expect sellers to join the party Fundamental - Powell gave us a shot of adrenaline last week, as well as the NFP report. However, real problems still exist in the macro...

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This chart is screaming for a breakout The SPY is screaming for a retrace down We are waiting for a confirmation breakout above the upper yellow resistance line at which point we will enter a long towards the targets set forth on the chart. Best of luck traders

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We believe earnings week will be bleak. Citigroup missed big time. We expect a few gap fills on the 15 min chart . . C Jan 18 '19 $54 Put is what we entered ... This is pure fundamental with targets based on technical. Let me know if you have any questions.

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JPM broke out of a falling wedge today. restested. climbed further. Fundamentally - Jamie Dimon has been very positive on the economy while everyone else has been screaming the sky is falling JPM has beaten earning (at least) the last four cycles. I expect they will repeat here. The stock is acting as if its ready to go up.