Bears about to go to work on $SPY. Sold some ATM 519 calls for June 21 expiration, 43 DTE
Little dead cat bounce is just about over, as you can see AMEX:SPY bouncing off the upper Bollinger band. The stochastic indicates profit taking too.
Even though the Stochastic says good time to buy, smart money knows the dumping has only started. AMEX:SPY is still below the 20DMA, in the lower Bollinger band.
Looks like a lower high, lower low, lower expectations fro AMEX:SPY today. Hopefully stays under 507.
Looks like AMEX:SPY wants to dump, but the Stochastic indicates that bargain hunters and dip buyers are starting to grow impatient
Looks like AMEX:SPY will go down after bouncing off the 20 DMA. Bears rejoice!
Bollinger Bands and Stochastic are suggesting that downward movement in AMEX:SPY
Before the massive sell off, SPY just had a small gap that needs attention. Then, plop plop plop. Chocolate Banana time
Don't be fooled kids! SPY is just getting ready to DUMP!
Tok a small long position on small caps by buying shares of TNA. Very small position.
Sold 490 puts for 5/3/24 expiration, with 17 DTE. We may touch it, but doubtful. Also short 530 calls, but I sold them with 28 DTE, whenever that was. Almost out of juice at this point, might buy them back to lock in my gain and free up some capital.
Seems to be a bit of a gap that needs filled. Maybe not today, maybe not tomorrow, but sooner or later, will have to be dealt with.
Lower BB slide coming right up! Next week should close some gaps. See you at the bottom!
Looking at SPY, the only thing holding it up is the 20DMA. Once it breaks through, I'm expecting massing panic. Stochastic and MACD have already signaled a bullish trend. I'm just patiently waiting for the calls I sold to go worthless. I don't think it will be long.
Just crossed up into the buy zone of the Bollinger Bands. Stochastic and MACD indicators agree. Greed only holds out so long, as fear fades away. Reality, we'll, I guess it really depends on your perspective. Patience always pays though.
3D Systems Corp DDD looks like it might be ready to run in 2022. It has just entered into the upper bollilnger band. Stochastic and MACD are showing bull signals
Uber Technologies will be looking to display strength as it nears its next earnings release. In that report, analysts expect Uber Technologies to post earnings of -$0.33 per share. This would mark year-over-year growth of 38.89%. Last week, Aurora Innovation Inc said it had launched a pilot program with the freight unit of Uber Technologies Inc to transport...
Well, we all knew it was coming and it is finally here. SPY Stochastic is showing it is coming out of an overbought condition. MACD has turned red. Sooner or later, fundamentals matter. The time is now. Selling calls.