As long as MacD is under the centerline these are my targets. I’m not sure how I’m going to play this yet, though…. I’ll wait until after earnings, and honestly I might wait on JPM for some of the lower targets… I've got my alerts set...
------ I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
Banks are the ones to benefit when interest rates go up right? Also they got a decent correction, russia ukraine war will have a say on this quarter earnings. Your target 1 has already been reached right. what make you think it's going down lower still?
SPYder_QQQueen_Trading
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@rock1986, honestly, that really depends on how the interest rates effect real estate... and the real possibility that people default on their mortgages due to inflation and increases in property taxes and insurance. Every one of these targets are a good place to add or sell puts... I'm not sure that I'd like to be long on financial institutions just yet... even if we don't get to all of the targets, I think that bottom gap will fill, and I'd be more comfortable going long there... until then I might just sell 25 delta puts every week whenever vix spikes...
rock1986
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@LadyAmalthea12, I will be waiting for the day the real estate gets corrected though it looks like it's going to be a while i have to wait :). Though the interest rates are going up, sellers are not budging on the prices atleast for now.
SPYder_QQQueen_Trading
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@rock1986, not yet... but I am seeing higher inventory... and definitely more commercial real estate, which was a big clue in 2007. I've been a realtor since 2007 and from 2019 to 2022 was a huge melt up... I'm very comfortable calling top here, but I don't think we will see a bottom for 3-4 years... (possibly even longer). The last recession took 3 years to hit bottom but there's something that makes me feel it will take longer this time. I hope not. 3 years might be a good place to consider buying real estate. Best of luck... 💃🏻
travis.mitchell177
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How far out is the expiration on your contacts typically? I usually say trade. Trying to get a good routine for swinging. Thanks.