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ABEO seems broken out of a downward channel on strong volume and now forming a flag formation. Money flow is very strong. We think it has good upside potential.
ABEO - Aggressive entry above 3.06 or more conservative entry with break above 3.35. Stop signal 2.77. Target 1 $3.83, Target 2 $4.19
TLYS seems forming a fallen angel formation. It had a nice gap up recently with the earnings and now showing strong upward momentum. It has some insider buying as well. Overall looking very good as a long setup.
TLYS - Possible long here. Stop signal 9.43. Momentum Target with target 1 being 12.87.
High Risk - but I have bought some August $75 Puts as they report after earnings. As risk is 100% overnight I have only invested what i am willing to lose 100% of if it does not work out. Insiders have been selling.
MTH seems forming a H&S in the hourly chart and in the daily its running within a upward channel. We think it has good down side potential.
Trade details - Potential short with a break of 53.87, Stop signal 55.56. Target 45.56, 2nd target: Momentum
If we reverse at 3015-3018 we could of seen the top of the market in the short term. This spells bigger problems for the daily chart which is showing a much larger head and shoulders. Be careful! using this rally to sell my longs into.
If we breakout higher than 3020 I can always buy them back!!!
Gold itself is setting up as flag with potential target of 1520 with weekly chart showing a wedge and target of 1610.
GLD (NEW) - Another way to play the move on gold. Possible entry if gold breaks 1431 or break of 135 on GLD. Stop signal 130.43, Target 145.83. Could Consider October 137 calls currently 3.13.
OLLI seems breaking down from a H&S formation and continuing downward. Its showing strong downward momentum and Smart money indicator is deep into the negative zone. We think it has good downside potential.
To trade this one Could consider $90 October Puts. Last traded for $7.45