High risk bullish credit spread on XLK . Solid gap down in tech this morning, but not showing signs of continuation bearish. This is one of the set-it and forget-it spreads as we will let it go all the way till exp. Entry 74.33 Break even 74.72 Max profit 75 0.78:1 risk/reward More info at wingtrades.com
Facebook will have fallen 30% if we reach the lower end of my target. Time and Price don't align in this analysis but this could make sense given the probability that an accumulation base will form over several weeks, and I believe it will take place around the $150 - $155 range. Facebook's business will benefit massively from the following trends and...
Shares of FB are back to bottom of their well-defined upward channel, which has held for years now (Red line is bottom of channel, green line is top). I've been dabbling on the way down but am now being more aggressive. Long shares and December calls.
Narrowing range in the tech sector. follow the trend on the break $TECS $TECL $AAPL $AMZN $FB
went below the recent sideways trend. Holding puts, will add puts under 260. $QQQ
This video is the first of many, and I discuss the behaviors of the sectors and potential markets that are poised to trend in the near future. The "freshest" sectors quietly trying to start a new trend are the Industrial and Consumer Discretionary Sectors. The sectors (along with their industries) I think should be on every trend follower's radar are: XLF -...
Hello Traders, In this Elliott Wave analysis, we will have a look at the Technology ETF. The ETF ended the cycle from 06/28/18 low in red wave 1 at the peak of 07/25/18 (74.26). The internals of red wave 1 unfolded as a 5 wave Elliott Wave impulsive structure. Where black wave ((i)) ended at 06/29/18 peak (70.08), black wave ((ii)) pullback at 07/02/18 (68.73)....
TSLA range bound as of the last few months. watch for a break either way. side note: why are people focusing on cash on hand when they are not even profitable? $TSLA $XLK. looking at long term puts on a break down
BOT +1 DIAGONAL XLK 100 21 SEP 18/17 AUG 18 76/72 PUT @2.75 Paid 2.75 (debt is 69% of the width ) Breakeven @ expiry $73.58 -39 delta, .96 theta Max Loss : $275 Max Profit : $126 Notes: Opened a bearish trade here fade the recent rally and add some negative deltas to balance the portfolio. Following another great trade idea from NaughtyPines! (link...
.... for a 2.74/contract debit. Metrics: Max Loss on Setup: $274/contract Max Profit on Setup: $126/contract Break Even: 73.26 Debit Paid/Spread Width Ratio: 2.74/4 or 68.5% Theta: 1.14 Delta: -39.63 Notes: Selling semicons on strength. Will start to look to take profit at 50% of max.
Anticipating a 2% to 3% drop prior to month end, we are purchasing the August 3, $72.50 strike PUTS. Paying $0.83, we need a move below $71.60 to get us profitable. Ideally, we will get a decent drop early and can exit the position this week.
SPY bulls came out Sunday night but are right back around flat with Friday's close now pre-market. If XLK breaks bullish out of it's tightening hourly equilibrium, I like XLK (TQQQ) and AAPL bullish as per daily charts. If XLK breaks bearish out of it's equilibrium, NVDA has been a much weaker name and I like it for a bear play with first support to break at...
A few sectors are signaling troubles ahead, with their 50 day MA's crossing below their 200 day MA's. This chart picture shows SPY (upper left) as a broad gauge of market action. It has yet to experience the "death cross." However, the industrial stocks measured by XLI (upper right), materials stocks measured by XLB, and financial stocks measured by XLF have...
XLK had a nice breakout play from breaking out of the downtrendline :)
XLK Charted this previously awhile back and it seems that the bias is an upward breakout.. looks like Tech is back in play
Ofensive Sector (Tech + Discretionary) vs Defensive Sector (Utils + Staples) on SPX index.
XLK is looking pretty interesting as well and as the price consolidates, usually we will see a breakout.. Let's see which direction it breaks out to
Tech has been all over the place as of late. AAPL is at resistance of downtrend here. A break out and confirming the continuation of bull market or more signs of the start of a bear market post ER.