$IWM Relative strength in small caps here. Broke above downtrend from ATH, looking for continuation. 📈$209.15 | $215, $220, $226 📉$204 | $200, $195, $190
ProShares UltraPro QQQ ( NASDAQ:TQQQ ) Sector: Miscellaneous (investment Trusts/Mutual Funds) Market Capitalization: $--B Current Price: $53.17 Breakout price: $52.40 Buy Zone (Top/Bottom Range): $50.15-$40.85 Price Target: $67.30-$68.80 Estimated Duration to Target: 40-44d Contract of Interest: $TQQQ 4/29/22 55c Trade price as of publish date: $4.20/contract
Reliance Steel & Aluminum Co. ( NYSE:RS ) Sector: Non-Energy Minerals (Steel) Market Capitalization: $11.816B Current Price: $191.50 Breakout price: $192.00 Buy Zone (Top/Bottom Range): $187.50-$181.50 Price Target: $209.20-$210.90 Estimated Duration to Target: 68-70d Contract of Interest: $RS 6/17/22 195c Trade price as of publish date: $11.30/contract
Regeneron Pharmaceuticals, Inc. ( NASDAQ:REGN ) Sector: Health Technology (Pharmaceuticals: Major) Market Capitalization: $74.451B Current Price: $685.94 Breakout price: $687.00 Buy Zone (Top/Bottom Range): $660.50-$603.40 Price Target: $812.00-$816.40 Estimated Duration to Target: 125-130d Contract of Interest: $REGN 9/16/22 700c Trade price as of publish...
Peabody Energy Corporation ( NYSE:BTU ) Sector: Energy Minerals (Coal) Market Capitalization: $2.923B Current Price: $21.88 Breakout price: $22.70 Buy Zone (Top/Bottom Range): $21.10-$19.40 Price Target: $26.60-$27.00 Estimated Duration to Target: 60-66d Contract of Interest: $BTU 7/15/22 25c Trade price as of publish date: $3.60/contract
I will say it again. Caution in all asset classes remains. How much risk are you taking on for how much reward you are expecting to acquire? Keep asking yourself that question. Better to be out of the market wishing you were in rather than being in the market wishing you were out.
... for a .27 debit. Comments: Opened this for a 1.98 credit. (See Post Below). Out here for a net profit of 1.71 ($171). Still have April 8th, 14th, 22nd, and 29th rungs on.
... for a .29 debit. Comments: I'd ordinarily roll this out to the weekly, but we don't have a May 6th expiry yet. I've already got a rung on in the April 29th expiry, so am just taking profit here. Total credits collected of 2.67. (See Post Below). Closing hour here results in a profit of 2.38 ($238).
Let's look at the money-supply adjusted S&P. If you're not familiar with money-supply adjusted charts, just know that money supply expansion always fuels the rise in asset prices first. Historically this takes about 6-18 months to play out. Now ask yourself, how long has it been since the 2020 mega-easing policy response of the FED? It seems like those tailwinds...
Time to short maybe? I’d personally wait for confirmation first! Not financial advice and always do your own dd. Happy trading!
DIA - The index ETF I like to trade but never gives me liquidity haha. Fill: 0.544 Fill (after comm) Strikes: 320 short - 315 Long Max Loss: 500-54 = 445 Short leg delta': 0.16 Reasoning: 1. White lines identified support/resistance zones 2. 10% return on margin and 16 delta short leg was below these zones and provided additional margin of error Simple trade...
Canadian Natural Resources Limited ( NYSE:CNQ ) Sector: Energy Minerals (Oil & Gas Production) Market Capitalization: $70.677B Current Price: $60.89 Breakout price: $54.00 (hold above) Buy Zone (Top/Bottom Range): $57.25-$51.35 Price Target: $77.00-$79.80 Estimated Duration to Target: 788-805d Contract of Interest: $CNQ 1/20/23 60c Trade price as of publish...
Eli Lilly and Company ( NYSE:LLY ) Sector: Health Technology (Pharmaceuticals: Major) Market Capitalization: $253.61B Current Price: $266.30 Breakout price: $270.95 (hold above) Buy Zone (Top/Bottom Range): $262.45-$247.10 Price Target: $308.00-$310.40 Estimated Duration to Target: 84-90d Contract of Interest: $LLY 6/17/22 300c Trade price as of publish date:...
Snowflake, Inc. ( NYSE:SNOW ) Sector: Technology Services (Packaged Software) Market Capitalization: $55.263B Current Price: $180.42 Breakdown price: $185.00 Sell Zone (Top/Bottom Range): $231.00-$193.25 Price Target: $51.20-$48.80 (3rd) Estimated Duration to Target: 111-120d (3rd) Contract of Interest: $SNOW 6/17/22 180p Trade price as of publish date: $26.75/contract
Exxon Mobil Corporation ( NYSE:XOM ) Sector: Energy Minerals (Integrated Oil) Market Capitalization: $359.517B Current Price: $84.92 Breakout price: $83.00 (hold above) Buy Zone (Top/Bottom Range): $82.90-$77.15 Price Target: $85.00-$86.20 (Reached), $98.00-$100.00 (2nd) Estimated Duration to Target: 50-52d Contract of Interest: $XOM 6/17/22 105c Trade price as...
It appears the market has lost all appetite for money losing "growth" stocks that aren't growing. My trade strategy is still valid, short garbage on any pops, they can pump futures but they can't make people buy. Let the algos hold the bag. I think every garbage stock is going to SFIX it's way to single digits, just gotta avoid the pumps, remember the 3 day...
... for a 3.68 credit. Comments: High IVR/IV (73/35). Selling 15 delta on both sides. 3.68 credit on buying power effect of 21.09 (on margin). 17.4% ROC at max; 8.7% at 50% max.