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New bullish credit spread on XLU. Opened and moved above the $53 mark this morning. Looking for a higher low and mid 52s to confirm as support early this week.
Break even 53.21
Max profit 53.50
Buying into the weakness here in XLU, with a synthetic covered call set up.
-1 Nov16 $54 put for $1.87 cr.
This is the first update for the video series here to grow the paper portfolio on TradingView in an attempt to beat the 'S&P index real time. Normally, I will compare the portfolio to the market, talk about weak vs strong stocks and sectors & go into what I will be changing moving forward. The portfolio has been able to get ahead of the general market and below ...
Taking an opportunity to buy the 4 day dip on XLU utility stocks etf. The stock fell has fallen -2.59% and am taking the opportunity to buy the weakness and compound returns for the stock to go higher. I bought the November 52 call/ 54 sell call for 1.18$ per contract. When the stock goes up 2.82% at 55$ a share, this vertical call spread will profit approximately ...
In this video I analyze a live trade that I have been in for a few days now. I discuss how I was able to use price action to point out "red-flags" where it looked like price might turn against me. By acting on the price action I was able to get out just before a large drop and then get back in, almost where my trade originally started, but with a better cost ...
XLU, S+P Utilities SPDR gapped down on the OPEN on 8/8, trading below the 7/6/18 High of 53.29,
and reentered the prior price area after breaking above it on the 2 Hour Chart in recent days.
Price should not have done that.
The implications are bearish, leaving behind
what appears to be a Head, in a H+S Reversal Pattern. Too early to tell.
In order to ...
A bullish pennant forming with a potential for a large breakout to the upside. See chart for pattern and price targets.
IV isn't extremely high, but has spiked up a bit in Utilities, so I'm looking at placing a strangle here.
-1 Sept21 50/54 strangle for $1.14 cr. I will likely manage this position at 50% and we'll deal with specific loss mgmts when we get there.
XLU which cover the utility sector is the best place to be right now in case of a TRADE war going crazy … Chart show a bullish pattern , easy to trade , fundamental side of it look strong ...Trump Tax relief will save companies a lot of money , and technical side of it looks bullish after that double bottom formation we see on the chart
Strong readings (breadth, optimism etc) could create short term weakness somewhere here.
STC all my XLU 2019 calls. I still have 2020 calls in hand.
Looks like a good place to consolidate.
Will buy more leaps when then pulls back.
With volatility at somewhat of an ebb here, I'm eyeing exchange-traded funds for directional plays in lieu of just hand sitting.
The setup pictured here is of a XLU diagonal with the long dated option out in Dec, the front month in August. I would prefer setting this up as a skip month (Aug/Oct), but an Oct expiry isn't available yet. Here are the metrics: ...
Longer term bullish on $XLU
Waiting for bearish correction amongst the entire market, if this occurs undervalued XLU, take advantage of earnings run up in utilities around mid/late July.
XLU is approaching a weekly support zone following the breakdown of the weekly wedge
- in weekly chart, it broke down from 5-wave Rising Wedge
- after consolidation in a small flag from Feb 2018 till now, it chose to break down again
- it is on the way of BIG C targeting $46 or even lower $42
- set stop at 49.83
Add it to the list of reasons we eventually stay lower.
Ofensive Sector (Tech + Discretionary) vs Defensive Sector (Utils + Staples) on SPX index.