Looking for a local top rejection here to cap off the wave 3 move. Ideally, we see a pullback and bounce into my buy zone between $139.82-149.11. I will look to start averaging into a swing position from there.
Daily close above $150 is crucial for taking Apple up on it's next leg upwards.
If markets show signs of weakness at any point in the near future, I believe Netflix will be one of the most prime short setup out there. Many signs pointing to downside here for the stock.
- Recent run-up due to overall hype and the massive success of Squid Games (believe we need to cool off a bit)
- Concluded all Minute, Minor and Intermediate EWT counts...
Not going to over-complicate this one. A simple cup & handle pattern spanning out for over a couple decades. It is important we keep in mind the timeframe of this chart when analyzing the stock.
We are currently pulling back from the double top at $97, and trading within a tight falling wedge pattern. With the bottom of the wedge intersecting with MAJOR demand...
WTI has clearly respected a key structure support level on a daily.
we see a sequence of rejection/dodji/engulfing candles and rsi divergence as well.
I have a bullish bias on WTI and currently hold a long position.
My stop is 50 level but I have entered a few days earlier.
Key levels for targets:
Hey, you guys, look, I know I'm just the dude that carries the bags.
If you want to know what happened with GME in January watch this .
Most interest to me is the selling of puts
It's good to get a basic understanding of Gamma and Vanna exposures for market makers.
The important takeaway is "market makers who are long puts, or long gamma, By knowing how...
CFTC Speculative Net Positions at 2.235, good for the Dollar. Bank valuation very optimistic, with a 1.26 valuation by the end of the month, and 1.25 by the end of November. RIsk reversals 1 week vs 1 month showing strength for the Dollar against the Cad. Technicals: Head and shoulders, break of the previous trend and a big divergence in the RSI.
TMC the metals company had extreme volatility in the past week.
But that`s not all! The stock is one of the most traded in the options market.
TMC had 26900K Calls and only 1600 Puts in the last 3 trading days with the highest strike price at 20usd.
Now take into consideration the PUBLIC FLOAT, which is only 19.87Mil shares,
the FLOAT SHORTED of 9.37%, the...
I like the idea of the 145/140P credit spread here. $1.45 credit for the 11/19 opex
30-45 days or more until expiration would capture the most premium vs. theta decay (sweet spot per Tasty Trades).
You could go long naked : ) higher risk idea . I don't have conviction on how high and quickly Nike will rebound so I like the spread trade idea here
Idea for TLT:
- According to consumer expectations, US is already in a recession. Dow hit ATH through this, so a headfake is due.
- We have been patient, but Treasury auction today is a good turning point.
- Long Jan 20, 2023 145C for 8.60 debit
Pinterest has been consolidating in a long drawn-out bull flag since February 2021. I believe we are nearing the end of this corrective phase and have developed a shorter term wedge indicated on the chart.
I am looking for a break above that wedge aka the $54 level to go long. Targets above are $58 and $61. It's important to note we have quite a large unfilled...
Simple chart here for this one. I wanted to keep this one simple. All eyes on the key $160 level. Please take note of the Weekly MACD bullish bounce as well as an increase in bullish volume to support the bounce. This indicates buyers stepping in. We have the Weekly RSI downtrend resistance approaching and looks to test very soon. There, we will get clear...
Absolutely TEXTBOOK example of how powerful my charts can be. Entered long the 80c 11/19 @4.7 on 9/22. Contracts are currently worth 9+!! Congrats if you played and please be sure to trim.
Although a monster move already, I see more to come. Possible we slow down and consolidate in this $80-84 region to build a base and explode higher to the $90 region. If we get...
October was phenomenally good for WTI oil trading.
My last target for the long trade is lying on 60 level.
Those who are looking for a short trade,
focus on 60 - 61 resistance area.
this area was respected multiple times by the market in the past
and, in my view, it is the safest zone to sell.
for now, it looks like...
So I Saw Yet Another $1000 Dollar System For Sale.
This Marketer Actually Had A Decent System…But Left A Lot Of Key…And I Mean Important Information Out. Likely To Get People To Pay For His Weekly Picks.
***I’m Tired Of These Marketers Hyping Up A System…Charging A Premium…And Taking Money From People Who After Taking The Course Don’t Even Realize How Much...