There is a Dead Cat Bounce on the 30 min happening right now. Price retraced to the .50 fib, you can use which ever level you like, I like the .50 and .618 fibs. I am currently short (.71391) because of the big bearish pin bar and the shooting star candles. I have my stop just above the current swing high at .7160 and my target at .6985. There is also a Bullish...
There is potential Bearish Bat on the 30 min. There is also a 1.618 fib ext correlation in the same zone. I would look to get short around 1.1369 with my stop above the swing high at 1.1435 and a target at 1.1087. The target is a .618 fib retrace from the entry price. This is of course, if price breaks and closes above the .50 fib zone. Also, this .50 fib zone...
I'm short CAT via the 67.50 strike august put. This is a monster setup with divergence, bear flag, and MACD inflection. This is pointing to a big move down.
Cheers
With the VIX finishing the week out at 16.66, next week is setting itself up to be a less than sexy week for premium selling, particularly in broader market instruments like SPY, IWM, QQQ, and DIA.
Moving to other sectors, the Brazil ETF, EWZ continues to be hot premium selling wise, with an implied volatility rank of 72. A couple of issues in the oil and gas...
This is a "kid in a candy store" week, with a good selection of earnings plays to choose from:
AAPL: Tuesday, after market close
BA: Wednesday, before market open
FB: Wednesday, after market close
BABA: Thursday, before market open
CAT: Thursday, before market open
AMZN: Thursday, after market close
MSFT: Thursday, after market close
I'll post setups on Tuesday...
We are over sold on the current down move. If you are short, it may be a good idea to tighten stops or cover positions. We are looking for for a short term bounce in the Indexes over the next two trading days...but only a short one.
I always find it amazing how the media starts talking about crisis when it almost over.
Although $CAT is still far from the important buy zone I'll mentioned below, $CAT had to lose almost half of its value for this guy to start paying attention: www.cnbc.com (Jim Cramer realizing the $CAT is in trouble).
In fact, the bearish opportunity on $CAT was about a...
Hello everyone, we have two patterns: the first one being bullish crab (blue pattern)
: the second one is gartley (potentially not valid as of now)
The blue one might still be intact on the other hand we have potential pattern (pink). We can catch the C leg towards the D leg, depending on one's liking....
CAT is on risk of both long term and short term downtrend.
On long term basis, price is trading below lower 1st standard deviation from 5-year mean (at 80), risking a downtrend on 5-year basis.
Price has also broken below 10-year mean (at 77), so it has no major support there - and is free to go down.
On short term basis, price ii trading below both 1st standard...
CAT broke through the 85.81 range high (February 18, 2015) to complete a 3-month double bottom at 78.81/78.25 before consolidating. The bullish indicators suggest there is scope for further upside. A swing low above the 83.09/81.54 support zone remains favored ahead of further strength through 87.50 (April 23, 2015 high) to open 89.28 (January 8, 21015 lower...
I am showing you a weekly chart that I might keep updated as market action warrants but to get a better idea of my view on CAT, have a look the monthly chart using the link here below.
The bottom line is I think CAT is heading towards 72 to end wave C of a large bullish triangle. So choppy down for a while
CAT has the potential to be unfolding in a very large bullish triangle. I am not holding the outlook with blood in my hand but it is a structure to keep an eye on as it might help us to be on the right side of the market. Furthermore, if indeed CAT is moving sideways for a while, we know that triangle precede the last move implying two things: we might have a...
Hello all,
if you are a bottom picker here is an interesting options play in the energy market on nothing more then a natural 'dead-cat-bounce'. I can make a realistic argument for $20 on UCO. This would be nothing more then a normal 38.2 Fib tag, gap fill and a bfrn tag (markets just love to run to big fat round numbers). I would expect this dead-cat-bounce to...
