I'm not so sure that 37 is the target... I can see it going to 33 if the rest of the market continue showing weakness.
Best single day ever? yes. And my indicator broke out the triangle and its retesting right now. Expect a move for 5-10% upside.
As of Friday close, NVDA and AMAT appear to have the volatility metrics I'm looking for in earnings-related volatility contraction play (>70 rank/>50 implied). NVDA (70/67) announces on Thursday after market close. The iron condor pictured here pays 1.73 credit with break evens wide of the expected move. AMAT (68/48) announces on Thursday after market close,...
This is how I see the map for EEM. It contradicts with the news background as EM countries are under pressure now. But this is how I see the wave count now. The wave 5 to the upside is pending and we could see some relief for EM...temporarily. Invalidation for this count is below the 38.32 when the wave 1 will be broken
HYG clear clear cannot be more clear cup and handle. How can you be long equities now, super risky.
Triangle breakout and retest. The distance calculation will bring USDCNH to 7.5+, well above the 2015 high. Don't be surprised for global selloff and panic.
On of the biggest calls leading into 2018 was to get ahead of the consensus and go bearish on emerging markets, particularly China, Turkey and Brazil. Typically, in higher inflation environments, money flows head to emerging market assets; and it's particularly why EEM has had such a great run since China induced the largest stimulus known to man in 2016. When...
EEM the emerging market index ETF. there are two possible routes at this point. It is the moment of truth for this sector. Monthly breakout now retesting the break out TL. If it breaks below the trendline this month, it will go straight down, auch, brutal. However, I see this is low possibility, because I can see SPY bouncing (see my other post). So I would expect...
EEM vs PA and Autos Palladium follows EMs and Autos. Palladium has diverged due to tight supply?
Risky BUY EEM upon touch of lower boundary of parallel channel. Stop loss at today's minimum and target at last gap down. Attractive loss to gain ratio.
TWTR announces earnings on Thursday before market open, and with a rank of 92 and a 30-day implied of 70, it presents ideal metrics for a earnings announcement volatility contraction play. As of Friday close, the November 16th 25/34 short strangle is paying 1.57 (.79 profit at 50% max), with a net delta of .39 and a theta of 6.45, and break evens of 23.43/35.57...
... for a 1.38/contract credit. Metrics: Rank/Implied: 68/29 Max Profit on Setup: 1.38/contract Max Loss/Buying Power Effect on Setup: 2.62/contract Delta: -9.51 Theta: 2.06 Notes: I've done a few of these before. The way I look at them is that they offer the flexibility of a naked, while keeping your risk defined. An additional small benefit is that you...
With broad market volatility ramping up over the past week here (see VIX, VXN, RVX), premium sellers can afford to be picky here, since the board is alight from here to Sunday with implied volatility ranks in the 70's for ... well ... a ton of stuff. For earnings, my eye is on AA and NFLX with nearly ideal rank/implied metrics for volatility contraction...
Long term buy EEM on pullback to broken downward trend line. Wave 3 imminent.
another short for EZA, told you lads back in March this was a layup