whcoach

Updated Trade Plan for week of Aug 9

AMEX:SPY   SPDR S&P 500 ETF TRUST
Disclaimer: The author(s) of this letter(s) are representing their own opinions and decisions they are making for themselves and is not to be considered financial advice. The decisions and action you take are yours and your alone.W-H Coaching and Consulting Inc, and its affiliates, officers, employees, families, and all other related parties, collectively referred to as ‘W-Hl’ and/or ‘we,’ is a publisher of financial information and analysis. The information contained herein does not constitute investment advice nor does it take into account the particular investment objectives, financial situations, or needs of individual investors or subscribers. Past performance is not indicative of future results, which may vary. All stock, option  and related investments have a degree of risk, which can result in significant or total loss. In addition, the options market and various  sectors are characterized by much higher risk and volatility than the general stock market. Historical performance figures provided are hypothetical and unaudited, and intended for illustrative purposes only. You alone are responsible for your own investment decisions. Use of the information herein is at one's own risk. This is not an offer to sell or a solicitation to buy any securities and we will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein or not provided or not made available in a timely manner. We also cannot guarantee the accuracy and completeness of any information furnished by us. All content and information is provided on an "As Is" basis. We are not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. We may or may not have existing positions in the stocks mentioned in our reports. Our models are proprietary and/or licensed, and can be changed or revised based on our discretion at any time without any notification. Subscribers and investors should always conduct their own due diligence with any potential investment, and consider obtaining professional advice before making an investment decision 

U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures, options and stock trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, options or stock markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, options or stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.  

Readers should consult with an appropriate professional advisor to obtain more complete information and advice. I do not engage in rendering any legal or professional services by placing my personal trading informational materials on this email.I specifically disclaim any liability, whether based in contract, tort, strict liability or otherwise, for any direct, indirect, incidental, consequential, or special damages arising out of or in any way connected with access to or use of the information contained in the email or through my shared folder. I make no representations or warranties about the accuracy or completeness of the information contained on this email. Any links provided to other sites are offered as a matter of convenience and in no way are meant to imply that I endorse, sponsor, promote or am affiliated with the owners of or participants in those sites, or endorse any information contained on those sites, unless expressly stated.The risk of loss in trading can be substantial; carefully consider the inherent risks of such an investment in light of your financial condition.

The posting of the following information is not a solicitation to buy or sell any security, and should not be considered to be professional advice or a recommendation to purchase or sell a particular security. Solely as a convenience to subscribers, I am posting details of trades that I execute based on my personal trading plan.  



XLY - bullish EMA and trend. Below the 8SMA and 21 SMA . Trading below the ATR trailing stop and above Span A of the Daily Ichimoku . Add to a trend trade at the 34 EMA on a pullback. Top candidates within the sector are NKE and HD (hourly squeeze forming).
XLC - pick of the week. Positive structure in terms of EMAs and intraday squeezes forming. Add on pullbacks at the 34 EMA . Top stocks are FB , GOOGL and CHTR
XLRE - daily , 4 hour and 30 min squeeze in play. AMT , PLD , SBAC and AVB are top candidates to consider.
XLK - mainly intraday squeezes in play. Look to build position at the 34 EMA . Top stocks to watch here are AAPL , MSFT , NVDA , ADBE and CSCO .
XLV - No squeezes forming in the ETF however the trend is very strong and should be added to at the 34 EMA . Top stocks here are JNJ , PFE , ABT , TMO and LLY

Top Candidates:
NKE
HD
FB
GOOGL
CHTR
AMT - conflicting long signals. Be careful. %B score at 43% indicating higher probability to the downside.
PLD - increased option volume with a high %B score.
SBAC
AVB
MSFT
AAPL
ADBE
NVDA
CSCO
JNJ
ABT
TMO
LLY

Note: all the above stocks are potential candidates for bullish trades using call spreads, long calls, call butterflies or put credit spreads. Follow the trading strategy per trade type as per your trade plan.

***Note: HD, NVDA and CSCO have earnings within the next 10 days so avoid holding an open position through earnings . If looking to trade through earnings manage position size.


Credit Spreads

This is a suitable candidate to consider doing day trades using the bull put spread indicator for timing (for Call Credit spreads reverse the signal).


Ex-index ideas
AMAT - buy the 20 Aug 140 Call on a pullback to 142.37. Max risk at 50%. Target profit of 100% on expected move.
KMX - buy the 20 Aug 132 Call provided KMX is not trading for less than 133.91. Max risk of 50%. Target profit of 100% on expected move.



Trade Set Up to Follow

Position Opening
Criteria for Opening a Position: Spread 2 Slingshot
Criteria for High probability Set Ups
Off 52-Wk High, % Is Less Than 10
Index Membership: SP500 , Nasdaq Composite
EMA(8) Is Above EMA (21)
TTM Squeeze(20,2,1.5,12,5) Yellow Histogram
Price Is Below Upper Band of KELT(20,1,10)
Price Is Above Lower Band of KELT(20,1,10)

Profit Trades, % of Total: 81%
Profit Factor: 22.92 Avg Trade Duration, days: 142
Payoff Ratio: 5.39 Avg Profit per Trade: 29%

Key stocks to Watch
EQIX
DLR (we are already in here)
HSY (we are already in here)
PINC
FRTA
AGEN
ATEX

or subscription information to my various services please email support@whtradecoach.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.