QQQ Bull Market Rally Continues: ETF Rises Above Key resistance Level of 312.5. Fed Speakers Imminent
Newton is known to have said that "The motion of heavenly bodies can be computed, but not the madness of people". That aptly fits the times we live in. Bitcoin (“BTC”) prices have rallied 40% since the start of the year despite bleak economic outlook. A short squeeze in the flagship crypto asset where $850M in short positions was liquidated in just three days is...
Yearly High Stock price is at yearly highs. Monthly High Stock price is at monthly highs. Above Bollinger Band Price is above the upper 14 day bollinger band. This is mostly a reversal signals as price has overextended and might come down. Pivot Machine Gun (PMG) When price makes continued highs for 5 days. This is a bearish reversal signal only if price starts...
Yearly High Close Price is close to the yearly highs. Trendline Resistance Daily price is touching a trendline resistance level. Price can hit the resistance level and start going down, which would be a bearish signal. It can also break out of it to form a breakout, which would be bullish. Pivot Machine Gun (PMG) When price makes continued highs for 5 days. This...
Home and office electronics e-tailer Newegg Commerce sells computers, parts, accessories, home video/audio, phones, wearables, digital cameras, gaming consoles and titles, smart home entertainment products, office supplies, software, digital downloads, auto, motorcycle, marine and aviation electronics, parts, tools and equipment, home improvement tools and...
$UPS still stalking the $200PL and about to Golden cross on day Finished inside on Friday. Calls over $192.25 Target $193.70, $197.53 Puts under $187.25 Target $186.13, $184.98
$AAPL wants $160, 1st close above 200MA since 9/2022 Calls over $157.45 Target $158.75, $160.60 Puts under $147.92 Target $145.34, $141
$OXY about to Death Cross for the 1st time since 11/2018 and approaching the bottom of uptrend that's been holding since 3/2022 Calls over $64.02, $65.96 Target $64.54 Puts under $61 Target $60.75, $59.73
$META still wants $200 Calls over $197.16 Target $202, $205.46 Puts under $182.91 Target $180
$SPY 2-2-2d reversal on the daily, with an inverse hammer, but bears were unable to close $410.80 bull gap and there's a Golden cross for the first time since July 2020. Calls over $416.97 Target $418.31, $419.96 Puts under $410.80 Target $406.60, $402.35
$TSLA TSLA had a nice back test into Tuesday at the 162 level before moving over 30 points to 199.00. If TSLA continues to breakout over 200 this week this can run to 233, 252. I would wait for 162 to fail to short and target the gap below as we can see some consolidation between 162 and 200. Trade Idea: TSLA 2/10/23 215 calls Entry: Above 202.60 Target:...
Looking at the X United States Steel options chain ahead of earnings , I would buy the $29 strike price Calls with 2023-2-3 expiration date for about $0.83 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.
Fashion retailer Nordstrom sells brand name clothing, shoes, beauty, home goods, etc in 94 large department stores as well as 240 Nordstrom Rack outlets. It also makes ~50% sales online, via their official websites as well as flash-sales from HauteLook and curator services through Trunk Club. Technically minded investors may see some opportunity in the chart...
$UPS is back above the 200EMA, if breaks out of this Bull pennant, it's going to $190
Tesla broke out of 4-hour consolidation to the upside. Buyers gained control. Waited for pullback on 1-hour which happened. Entered long position when Higher High started. Currently in long term trade Stop-loss set at 1% NASDAQ:TSLA
$META Trade Idea Earnings runup currently filling bear gap Calls over $153.19 Target $154.31, $156 Puts under $147.47 Target $141.47
We have been building in strength and have reacted positively to earnings thus far. Along with positive market news the push is continuing to trend upward. However we are approaching the 1 Year Resistance point at 295. This chart shows 3 possible options ending the month of January and going into Feb 1. My potential entry points for each trade depend on the Pre...
Looking at the ADP Automatic Data Processing options chain ahead of earnings , I would buy the $240 strike price Puts with 2023-2-17 expiration date for about $6.55premium. 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.