Get started

Spike

PM 50%This week I've been watching my scans for signals that fit my strategy. I have not yet seen potential trades that fit my strategy; bullish nor bearish. Today I got two signals that fit my criteria on NYSE:PM and NASDAQ:LRCX ; shorts. PM is looking to hold a 50% level. LRCX is setting up a potential double top. I'm not yet sure of the market sentiment coming into this year. Shorts in a bull market are obviously a low probability. These two are going to serve as test cases to watch from the sidelines. Depending on if they work or not I will have my first clue of 2021.
NYSE:PMShort
by norok
BABA Spike: Dead Cat Bounce?I've been watching NYSE:BABA over the past week as much hype has surrounded its recent fall. There has been a lot of bragging about profits made on the dip buy and if you've read my posts for long enough you know my cardinal rule, especially when it comes to options, is "if you're bragging, you should be taking profits!" I'm not one to jump in just to be contrary but the stock price did exhibit a bearish spike at a major resistance this morning. This sets up a play back down to retest the recent low. I did not like the Single options as they are volatility elevated so I went with a Vertical Put spread to express the trade.
NYSE:BABAShort
by norok
2
My NIO shortLast week on November 23rd I took a short trade on NYSE:NIO . I also talked about the trade and the additional confirmation of what was going on in the EV sector in the video linked below. I wanted to have this trade marked for posterity as it was just a great example of the same strategy I use on all instruments and all timeframes. It's very simple... Break of Support/Resistance Pullback to confirm that Support/Resistance for entry A target that can gives 3-to-1 Reward/Risk This is the recipe I have used all year playing stocks and making consistent gains. It makes me respect Support and Resistance and stay PATIENT for setups rather than jumping in.
NYSE:NIOShort
by norok
4
Why I called the top of cryptoToday as the volatility calms down on the recent failure to reach the All Time High on BITFINEX:BTCUSD I take a victory lap to share WHY I called it as I did. It's not an exercise in ego or ask for people to follow me. In fact, don't listen to me and don't follow my trades... do your own analysis. What I want is for people to learn from my experience as I share it. I look for short term instances of volatility as signals. I do NOT do price forecasts any more in my career. They never seemed to give me an edge. Cryptocurrencies discussed were the ones I posted about before their moves in Bitcoin, BITFINEX:LTCUSD , and BITFINEX:XRPUSD .
BITFINEX:BTCUSD
by norok
3
November 22 Market Update | Technical, Fundamental, NewsDescription: An analysis for the week ahead. Points of Interest: $3,580 Balance-Area Boundary, $3,506.25 Excess Low. Technical: After an initiative upside drive on news that another COVID-19 coronavirus vaccine developed by Moderna Inc (NASDAQ: MRNA) was 94.5% effective, U.S. index futures pared gains as participants struggled to maintain higher prices, evidenced by the non-presence of committed buying and low-excess at the edges of balance. Given that Friday’s session failed to negate Wednesday’s spike liquidation by moving back into the micro-composite high-volume node at $3,557, the fairest price to do business during the prior week’s balancing activity, initiative sellers remain in control. As a result, knowing that prior end-of-day spikes were the result of weak-handed, short-term buyers liquidating in panic, the selling moved prices away from value and didn’t attract increased participation, and Friday was a monthly options expiry, traders can carry forward the following framework. If the auction remains in or below the prior selling activity, then initiative sellers remain in control and the liquidation could be the start of a new trend lower, confirmed by trade beyond the $3,506.25 excess low. Otherwise, there is the potential for a failed break-down in which participants rotate back over the $3,580 balance boundary. Fundamental: In a commentary, BlackRock discussed the staying power of growth stocks after the COVID-19 coronavirus pandemic. We believe this year brought a sort of forced adoption necessary for future business survival, a dynamic likely to continue for companies that want to be competitive in a post-COVID world. That means demand could continue to edge higher for providers of these products and services. One example: Many consumers swapped gym memberships for connected home fitness equipment. The initial demand spike may recede, but many of these consumers will be multi-year subscription payers and likely to become more firmly entrenched in an ecosystem of products offered by a certain company. Simply put, BlackRock suggests trends supercharged during the pandemic have been in place for years, providing them staying power. The COVID-19 acceleration liquidated the market of those businesses not equipped to survive disruption, thereby allowing those that remain greater market share. Key Events: Monday: Chicago Fed National Activity Index, Markit Manufacturing PMI Flash, Fed Daly Speech, Fed Evans Speech. Tuesday: House Price Index MoM, CB Consumer Confidence, Fed Bullard Speech, Fed Williams Speech, Fed Clarida Speech. Wednesday: MBA Mortgage Applications, Durable Good Orders MoM, GDP Growth Rate QoQ 2nd Est, Continuing Jobless Claims, Core PCE Prices QoQ 2 Est, Corporate Profits QoQ Prel, Durable Goods Orders Ex Transp MoM, GDP Price Index QoQ 2nd Est, Goods Trade Balance Adv, Initial Jobless Claims, Jobless Claims 4-Week Average, PCE Prices QoQ 2 Est, Core PCE Price Index YoY, Michigan Consumer Sentiment Final, PCE Price Index YoY, Core PCE Price Index MoM, Michigan 5 Year Inflation Expectations Final, Michigan Inflation Expectations Final, New Home Sales MoM, PCE Price Index MoM, Personal Income MoM, Personal Spending MoM, EIA Cushing Crude Oil Stocks Change, EIA Distillate Stocks Change, FOMC Minutes. Recent News: The gap between vaccine hopes and pandemic reality poses market hazard. reut.rs Pfizer Inc (NYSE: PFE) files COVID-19 vaccine application to the U.S. FDA. reut.rs Fannie, Freddie regulator looks to end government control before Trump exits. reut.rs EM looks to 2021 as Goldman Sachs Group (NYSE: GS) adds bullish calls. bloom.bg The second lockdown weakened U.K.’s growth and fiscal outlook materially. bit.ly The EU digital chief, tech giants call on new rules rescheduled to December 2. reut.rs G20 leaders have pledged to fund the fair distribution of COVID-19 vaccines. reut.rs Recent FSB updates won’t change capital requirements for important banks. bit.ly New COVID-19 virus restrictions heighten downside risk for European banks. bit.ly Drop in associated gas production offers a lifeline for pure-play gas producers. bit.ly Technology startups are looking to raise more after the COVID-19 disruption. bit.ly World Reimagined: Nasdaq on what the new economy looks like post-COVID. bit.ly Consumers are looking at new ways to get health care, buy cars, eat and work. on.wsj.com How operating leverage may help to narrow yield spreads as COVID subsides. bit.ly If Democrats win the runoffs for GA’s two Senate seats, expect larger stimulus. bit.ly How a broader equity market rally would help enhance corporate credit quality. bit.ly The Fed chief suggests it is too soon to put away its emergency recovery tools. bloom.bg Options markets show risks over the next twelve months reduced considerably. bit.ly The third-quarter bullish earnings cycle should not be dismissed by the market. bloom.bg Key Metrics: Sentiment: 44.4% Bullish, 29.3% Neutral, 26.4% Bearish as of 11/18/2020. bit.ly Gamma Exposure: (Trending Neutral) 2,325,158,176 as of 11/13/2020. bit.ly Dark Pool Index: (Trending Neutral) 43.8% as of 11/20/2020. bit.ly Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me. In no way should this post be construed as investment advice.
CME_MINI:MES1!
by Physik
2