RSI divergence is our main sell signal here. There's also some fractal support/resistance here. Will be re-entering $M @ 5.20. REMEMBER Risk Management 50% of trading Technical analysis 25% of trading Fundamentals 25% of trading Don't forget to drop a like! Feel free to engage and ask questions! Best of luck to everyone!
GLHF, trade at your own risk!
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Not encourging anyone to jump on a stock that has had a continuous bear trend even through the greatest US market run in history, but it may be worth a gamble here. If it can recover (as it has in the past) the gains could be fairly absurd. As you can see, buying in now and then achieving its previous high will be almost a 600% gain. Again, not encouraging anyone...
Correlation trading strategy idea analysis. The market was very volatile all the last three weeks. There are a lot of freshly formed support and resistance levels. Also, there are some older levels, which were formed in 2008. So it is a very good time for correlation trading. I showed my vision of correlated moves in my previous ideas. Today I am going to show...
$M has caught our eye. The stock does have more work to do, but it is on the verge of a breakout. We need to get above $18 to confirm, but we also believe that the lows of $14.11 are in. We believe investors and funds are going to start banking on a $M turnaround. Here's the latest news on the $M turnaround. Macy’s plans to shutter 125 department stores over the...
BEEN SELLING OFF FOR AWHILE NOW. ON HISTORICAL SUPPORT SHOWING DIVERGENCE ON BOTH OSCILLATORS.
EARNINGS: HD (24/21) (Tuesday Before Market) LOW (68/35) (Wednesday Before Market) TGT (66/37) (Wednesday Before Market) GPS (60/53) (Thursday After Market) M (97/67) (Thursday Before Market) Pictured here is an M short straddle at the 17 strike in the December cycle, paying 2.73 with 14/72/19.73 break evens, and delta/theta metrics of -4.49/3.77. Look to put...
Looking at M to reverse up from $14 area. Lowest target for M
EARNINGS: M (87/58) announces earnings this week and has the most appropriate rank/implied volatility metrics for a contraction play. Pictured here is a narrow short strangle in the September monthly that is almost a short straddle, set up this way primarily because M is trading at 19.43, which Is smack dab in the middle of the short strikes. It's paying 2.25...
I'm personally not doing a ton here with May opex a mere week away and June at 40 days until expiry, which is a smidge short of that 45 day wheel house I like to use for putting on plays. However, there is "stuff" to do if you're so inclined ... . M (71/54) announces earnings on Wednesday before market open, so you'll want to shoot for a fill on whatever you do...
Pictured here is the only earnings announcement-related volatility contraction play with the metrics I'm looking for: greater than 70% rank and greater than 50% 30-day (it was 68/55 as of Friday close). Setup Metrics: 3.40 credit, break evens at 20.60/27.40, -8.20 delta, 3.1 theta. Obvious alternatives would be the April 18th 21/27 short strangle paying 1.21...
Macy's tumbles 14.8 per cent in pre market session
Macy’s on Wednesday reported quarterly earnings that topped analysts’ expectations, saying strong digital sales boosted results, while the retailer continues to make investments to improve its stores. The department store chain also raised its earnings outlook for the full year, expecting a strong holiday quarter. Its shares were up as much as 4.5 percent in...