When a pattern like head and shoulder fails it goes the other way AKA classic charting overall market sentiment is also bullish this can go very high easily DYOR!
I know everyone is getting excited about IWM as it's rallied a lot over the last couple of months, but I think it'll face some pain in the coming weeks before it really starts to outperform. I am of the mindset that everything has it's cycle and I do think that going into the next bull market, that QQQ and SPY will underperform relative to IWM. That said, I...
Who says you cannot make big returns on ETF's? AMEX:TAN the Solar Sector ETF Is on fire. It looks like rotation back into the beaten-up sector. Names Like NASDAQ:FSLR and NASDAQ:ENPH up even more. Rather than take the risk on an individual name I have opened a ¼ sized position in this ETF. I will be looking to bring this up to a full-sized position on any...
... for a 2.10 credit. Comments: Starting to erect rungs in the second quarter (April, May, June). QQQ doesn't have an April yet, and I already have a SPY rung on out in that contract, so just doing the small caps here. Targeting the <16 delta strike paying around 1% of the strike price in credit. I'll naturally look to add in shorter duration should we get a...
... for a 1.66 credit. Comments: Targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I'll naturally look to add rungs in shorter duration if we get a sell-off/pop in IV.
The IWM & S&P500 is completely gone vertical; off the lowering of yields. Its like the fed Pivoted today, but really they didnt. Is this a Fomo rally or is the market fundamentals now turned Bullish? Bull Steepener vs Bear Steepener?
NYSE:OSK Here is another play on electrified specialty vehicles. Check out their website www.oshkoshcorp.com Pretty cool stuff. I have been watching this one for a good entry since earnings on Oct 23rd. I missed the pullback breakout on Nov 13th, but it has pulled back again and looks to be breaking back above that pullback. I have started ¼ sized position and...
NYSE:U has been a bit of a troubled stock. However, they did beat on earnings, and they have announced 265 job cuts and office closures to boost profit. I am taking a chance here on a "turnaround play." I opened a ¼ size position just a bit ago. I’ll place my stop just under the low of the day (that’s about a 9% stop, bigger than I like but it has moved that...
I have been long NYSE:ONON for about 2 weeks and have averaged in with a cost basis of 29.20 so I am currently underwater, but it has not hit my stop. If it stays above my stop, I will continue with the trade. I have a ¾ sized position and will look to add to a full position once I am at least $1 over my average price. I am posting this idea today because I...
NASDAQ:CLBT Beat on earnings with an 800% surprise and earnings growth of 1,000% as reported on November 14th. Cellebrite sells software to the Police, and all government entities. They state that: Cellebrite's mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. Now to the...
I traded NYSE:VRT about 3 weeks ago on the break above the declining trendline shown on the chart. It had a lackluster move, so I closed it out for 1.12 profit per share over a 2-week span, too slow for me. Yesterday saw a lot of buying on big volume. I wanted to wait until this morning to see if there was going to be any follow through. Yes, it happened so I...
IWM setting up - might be useful to keep this idea in mind for the next few months - buy right and sit tight!!!
I multiplied the less risky Dow and Spy while dividing it with a multiple of bio, the Russel and Ark. This shows a clear shooting star candle in development this month which should signal much greater future gains in higher risk stocks and an end to this pullback in the market. You can see that we had nice rallies the last two times that this has happened on...
I talk about IWM and SPY in this video and why I think an excellent short opportunity on IWM is coming quite soon. Good luck!
The feds Balance sheet reduced from $7.96 Trillion to $7.73 Trillion This is the largest reduction in the balance sheet since September 1st 2023.
Here is another off the radar company that has the potential to double in price over the next year. Today it is peaking out over a most recent flat base. Since the most recent low on Oct 31st, this stock has rallied by over 30% and is hitting a 52-week high today as well. I do not know if it can get back to the all-time high of about $147.00 per share but I do...
NYSE:RAMP may well ramp up here. They had nice earnings beat with a Power Earnings Gap (PEG) and now some nice consolidation. I have placed an alert just over yesterday’s high. Should it trigger, I will look to a lower timeframe for a good risk reward entry. I like these kinds of set-ups as the risk can be clearly defined. So, if the trade does not workout I will...
A dash for trash has been observed! Many participants are tryging to buy to and squeeze companies that have been beaten down and fundamentally weak.