There are no certainties in the stock market. These names have shown good relative strength . This is an ETF based weekly charts that is designed to make money. This system is perfect for the person who works full time and still wants to follow trend and outperform the market.
... for a 1.26 credit. Comments: Kind of neglected this position a bit, so rolling out, recentering risk instead of rolling down the call side to flatten net delta with 21 days to go. Total credits collected of 3.23.
Buyers are stepping up right where they needed to at important multi-month lows. Let's see if the turnaround can hold for a weekly close > 188.
The Russell is approaching a potential target zone. In this video I share an idea how to trade it with a Broken Wing Butterfly that will benefit from time decay during a potential re-accumulation. It has defined risk in case the selloff continues, and no upside risk in case the bounce happens earlier or is faster than anticipated.
Garbage stocks tanking again, and the daily indicators are not oversold yet so there is definitely a possibility that small caps break support here. Not sure what the pattern will look like though. I expect money losing companies with no growth to continue getting hammered on earnings.
Equally Weighted M2 Adjusted S&P + Russell looks like it will turn negative soon in terms of moving averages. If this week closes at the current price, it will be the first time the 400 MA started to decline slightly since 2020, and if sustained will be the first time since the 2000-2008 era. It took 8 years to turn back positive in 2016. Almost any combination of...
The JNK ETF looks like it is heading further down still -> Bearish for equities. The IWM ETF is likely to follow through after closing at a low -> Bearish for equities The DJT ETF looks a tad bearish too -> Bearish for equities The VALUG looking to fail support, with a bearish candle for more downside -> Bearish for equities The TIPS ETF continue down draft->...
VanEck Semiconductor ETF ( NASDAQ:SMH ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $ -- Current Price: $234.73 Breakdown price (hold below): $237.35 Sell Zone (Top/Bottom Range): $241.85-$261.90 Price Target: $206.40-$204.00 Estimated Duration to Target: 67-72d Contract of Interest: $SMH 6/17/22 200p Trade price as of...
SPDR Select Sector Fund - Utilities ( AMEX:XLU ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $ -- Current Price: $74.25 Breakout price: $77.20 Buy Zone (Top/Bottom Range): $74.05-$71.25 Price Target: $76.60-$77.30 (1st), $82.60-$84.10 (2nd) Estimated Duration to Target: 24-25d (1st), 109-114d (2nd) Contract of Interest: $XLU...
SPDR Series Trust Homebuilders ETF ( AMEX:XHB ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $-- Current Price: $61.34 Breakdown price: $60.00 Sell Zone (Top/Bottom Range): $61.40-$68.80 (1st) Price Target: $51.40-$49.40 (1st) Estimated Duration to Target: 107-110d (1st) Contract of Interest: $XHB 9/16/22 60p Trade price as of...
let's keep some eyes on this Russell 2000 ($IWM) 190 zone this week to see if prior support holds up.
Dashed lines mark a few levels on chart. Sometimes zooming out in time helps to really see price trends and patterns. Here you can see price has been consolidating in a rising channel since end of Jan. The more I look at this, the more I think price will eventually break the red line and continue lower. Signs that bearish trend continues: > 20sma (aqua)...
With the overall good performance of IWM the past days we managed to end the day above weeklies POC. Futures look very promising, so i assume a test of the long-time support, now resistance area above.
... for a 1.05 credit. Comments: 50% max roll to the <16 delta strike in the expiry nearest 45 days that is paying around 1% of the strike price in credit. Total credits collected of 5.77 (See Post below) plus the 1.05 here for a total of 6.82 versus the 1.86 or so the 183 was paying, so I've realized gains of 4.96 ($496) so far. The May 27th 16 delta is...
$IWM Key Levels, Analysis, & Targets So today with Vix up over 5% (up to 7, but I rolled around 5.5%) I took advantage and rolled my Long puts up to 203, and my short puts up to 193, making my strikes a little wider and setting up to collect more premium when vix goes back up. My long strikes are still ITM, and the short strikes are a little further down. And...
$IWM Key Levels, Analysis, & Targets So I haven’t traded IWM in a while, so my strikes are kind of close together… Right now I’m in puts Long 200, Short 196 on the 17 June expiration. As soon as either side get’s challenged I’ll adjust. And when the opportunity presents itself I’m going to leg into the call side as well… ----- --- On the Put side: When...
Halliburton Company ( NYSE:HAL ) Sector: Industrial Services (Oilfield, Services/Equipment) Market Capitalization: 36.626B Current Price: $40.76 Breakout price: $39.55 (hold above) Buy Zone (Top/Bottom Range): $38.80-$36.00 Price Target: $42.40-$43.60 (2nd) Estimated Duration to Target: 31-35d (2nd) Contract of Interest: $HAL 5/20/22 42c Trade price as of...