With the fed meeting and then china trade talks starting backing up, Footlocker looks primed for a bounce into earnings. Do your own DD. I'm playing the long side with calls on today's dip.
I bought Sprint calls
I think it will break $7
The contracts expire on Friday
$7 strike price
I paid .05c per contract
I bought 10 calls, so i paid $50 for this position.
$50 max loss if the contracts expire out of the money.
If Sprint goes back to $8 by Friday $950 profit.
I plan on buying a call on spy when it hits 180.5, It has support levels that go back over a year many times it has bounced off this level. I do not think we will end up dropping below this level but not at first. I plan on buying a call at 180.5 with a .20 trailing stop loss
Short term analysis going into Mid August. Cross between the 20 Day and 200 Day SMA should happen shortly, as well as 50 Day and 200 Day crossing shortly thereafter. Looking to fill the gap @$171.80 then possible reversal. We also have $170 Flat as resistance along with the .618 Fibonacci level at 169.99, coming from our recent swing high of $193.10 and swing low...
I'm buying an IBM call Spread 150/160 Cost $3.01 max gain $6.99
Expiring September 20th.
This looks like a good play, however if the market goes for a downturn this may push through it.
I think AAPL earnings will be a reflection of the tariff against China we'll have to wait and see.
Broke out of cup and handle, also OBV is rising and RSI is overbought...
Gold itself is setting up as flag with potential target of 1520 with weekly chart showing a wedge and target of 1610.
GLD (NEW) - Another way to play the move on gold. Possible entry if gold breaks 1431 or break of 135 on GLD. Stop signal 130.43, Target 145.83. Could Consider October 137 calls currently 3.13.
There will be fomo on this, and the calls will also be fomoed.
- Nice organic inverse head and shoulders
- Consolidation above neckline in a bull pennant/ ascending triangle
The targets are above, I believe it will go to 70.50 and correct to 68. After that I will evaluate.
This is a beautiful setup!