NASDAQ:QQQ eyes on tech earnings (MSFT, META) this week. PA distributing like SPY between critical levels, but currently looking bearish after failing to break out of pennant. Both need to break respective pivot points for continued downside pressure to bottom TL. Positioning: LT Short
AMEX:SPY pennant pattern intact, supported by gap down weakness last week. Has been distributing between key levels with 410 pivot showing resilience. Watching for a strong break of the pivot level for aggressive flush to lower blue TL. Positioning is LT Short
WISH had a great day to finish out this past trading week. On the 15-minute day, two highs are drawn as horizontal resistance using the high candles with the wicks as "tweezer tops" while the support is drawn as a green line at a pair of "tweezer bottoms" I see this as a bullish continuation play for next week. A stop loss is set below the support line at...
Analyzing the options chain of ABT Abbott Laboratories prior to the earnings report this week, I would consider purchasing Calls with a 105usd strike price and an expiration date of 2023-5-19, for a premium of approximately $2.48. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. I am interested to hear...
After the last Price Target was reached: Now looking at the BLK BlackRock options chain ahead of earnings , I would buy the HKEX:660 strike price Calls with 2023-4-14 expiration date for about $12.05 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. Looking forward to read your opinion about it.
NVDA showed strength yesterday after a gap outside flag, shorts need to see it break gold TL for downside momentum. I recognize that NVDA has had a lot of buyers piled into it even at these levels. Note that the H&S will be invalidated in the event that NVDA goes up with SPY (a consistent pattern).
NASDAQ:AAPL had rejected the same trend line 4 times above. Overall I'm bearish especially with down news on PC shipments and insiders selling. Price action broke TL and failed to reclaim upside. Look for the distribution to fill gap below 159.
AMEX:SPY gap filled yesterday really quickly, but rejected at top and bounced off gold TL in EOD flush. Expecting CPI or FOMC minutes as catalyst for downside. Note: bank ER is right after FOMC mins. Also, over $7.7B+ dark pool traded between 409.2-409.6 level; may act as S/R as this week unfolds. Position: Eyeing downside momentum - watching how the market...
Looking at the WDFC WD-40 Company options chain ahead of earnings , i would buy the $175 strike price Puts with 2023-4-21 expiration date for about $6.40 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
Tesla Trading Plan Trading Price Close: 185.06 After Hours: 184.95 Decrease : .11 Cent Put Call Ration PCTS (tradingview tiskcer) : .83 which is greater than .7 Which is considerd Bearish Earnings Date Wensday 19th of April Press 1.Tesla Nominates Former Tech Chief JB Straubel to Board 2.Tesla Cuts Prices Again as It Seeks to Lure...
Since July of 2022 if $Ford has drop below $11.50 that has been the time to buy Call Options. Mid March it drop below $11.50 and that was the signal for Entry leading up to April 26th Earnings anticipation. “For The Night Is Dark & Full Of Terrors”
Tomorrow morning, we'll be receiving GDP data and jobless claims, which could have a significant impact on the market. Currently, $SPY is at a crucial point on the daily chart, nearing the upper limit of its broadening formation. It's showing positive trends on the daily, weekly, monthly, and quarterly charts. Keep in mind that the month and quarter will close on...
If you haven`t bought TIGR here: Then you should know that looking at the TIGR UP Fintech Holding options chain ahead of earnings , I would buy the $3 strike price at the money Calls with 2023-4-21 expiration date for about $0.24 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. Looking forward to read...
It appears that Netflix shares are attempting to regain their position at 287 dollars, as the current trend seems to be a pullback resulting from the previous breakout of support. It is noteworthy that the price does not seem to be heading any lower, and instead, a strong upward movement is anticipated, which may lead to the price rising to a minimum of 349 dollars.
$XOM wedge break out, looks like it wants the bear gap on the daily If we can close the gap at the $107.78 PL we can extend to the $109 PL otherwise we double top and retest the $106.8 PL
Tech has been on a tear, but expecting them to top out soon. $AAPL is certainly overextended but even though dated shorts are OK, there's still a possibility to hit high $160s unless we see bearish signs.
NVDA triggered an inverse H&S leading to a strong bull trend. We either start topping out or reach a high of $289 before a correction. Volume is low for today. Dated shorts okay but bearish structure/sign preferred for ideal entry. Note this also impacts the $QQQ as a top holding.
SPY faced a major rejection at around $401.50, suggesting it will struggle to break through again. If bulls do push past, I see significant resistance at $404-$407.50. However, it's unlikely we'll reach there soon. I expect the rally to lose momentum and break through to $380s. I recognize potential upside but expect more downside to come. Side Note- I'll be...