Believe that Stock Market (DOW) will be Bullish, while Gold will be Bearish Today. Continue to watch events that happen.
Symbol: Goldman Sachs or GS Current Price: $252.19 Short Put SELL/WRITE Option: 13th April $245.00 Put Price per option: $1.09 Contracts: #5 x 100 Total cost: $109 Long Put BUY Option: 13th April $242.50 Put Price per option: $0.77 Contracts: #5 x 100 Total cost: $385 Spread: Net debit/credit: $ 0.32 (net credit) Entry cost: $160 (next credit/you get in account...
All tech stocks will initial be bearish on Tuesday, then most of day will be making a bullish run. Price action is on a B-C part of wave to support area, then wait for a BULLISH reversal candlestick pattern to form: Harami, Engulfing and/or pin-bar then jump on train upwards.
Chart is making a Cup & Handle Pattern at this time, on downward HANDLE part at this time. (will turn around bullish at around $270) area. To start day off on Tuesday, would continue to sell or be bearish for another $20.00, until support of $270 area. Then be bullish for rest of this WEEK. The chart or price action has all the answers, be patience. You need to...
My opinion is: Price action will retrace back to $64.00 soon, which would be a great time to BUY again. See chart for more details. Only one reason why a CLUSTER of insiders would buy that work in a company, that is because they know price will go UP. Just on train with them.
Monthly chart just tells you before 2008 2009 crash Citibank was huge, now $80 looks like a MAJOR resistance area, with $40 MAJOR support area. Earning is scheduled for later this week, I except price will be bullish for next week or two, then continue down wards to support level of $60 area.
There was 4,000,000 shares sold to initial INSIDERS at $13.00, so after 4/10/18 they will be selling, causing more supplies and lower price action. Believe that price action will go down to $15.00, then up to at least $18 to $20 area. Look for reversals in price at Fib. Ret areas and support or resistance areas.
When story says SELL/Bearish then write PUT options or sell stocks. Looks like $32.00 is 1st support line on chart, because INSIDERS bought 9,400,000 shares at an initial price of $16.00. There will be a lot of selling starting on 4/10/18, which will continue for a few months. These insiders made 100% return, which is a great investment for anyone.
Another stock which has a lot of room to go up for rest of 2018. Looks like at least $15 bullish move has already started last couple of weeks. This would be great write covered call options and owning stock or bullish put call credit spread. The chart tells you the whole story, then find best entry and trade.
Elliot Impulse Bullish Wave 12345 just got completed. Earnings is scheduled for 4/24/18, so big events you need to worry about. Fib. Ret. price action just hit golden ration of 0.618, which high area for reversal time. I see at least a $5.00 bearish drop from $63 to $58 for next week or two. You could sell Bearish Put credit spreads and/or sell stock at this...
All of information on price action ONLY, with cypher, fib. ret on top of chart. This will give you trend and direction of trading, if you invest in any stocks.
Earnings scheduled for 4/9/18 (after close), I expect rest of year to be bearish. Put your trust in charts, price action. $15 is great time to sell or place a Sell Bearish Call Credit Spread.
Why? Because DOW is suppose to drop at least 200 or more points today.... per evaluations on several financial sites. When DOW goes down, GOLD goes up. I put on chart (ABC reversal) my vision of what will happen today. Will be waiting for 1325 area reversal to be bullish. Please research, if you sell/buy gold.
Underlying Stock Symbol: Today will be interesting related to this Stock company announcing EARNINGS (most time do NOT do these during earnings) GBX Current Price: $ 49.30 Short Option: Write (SELL) 20th Apr $50.00 Put Price Per Option: $2.38 ( Higher Then Long Option) Contracts: #1 x 100 Total Cost: $238 MINUS Long Option: Buy 20th Apr $45.00 Put Price Per...
Weekly 12345 Elliot Bullish Impulse Wave has been completed. Current trend is bearish. Time to sell stock and/or Bearish Credit spreads, etc.. Good Luck.
Chart says, that price action is all Bullish for next few and/or several months....insiders are free to trade, so watch for price action, which might go down below the $17 initial stock price of INSIDERS....big picture is buy at this time
Positive earnings and at a high reversal area of Fib. Ret area. See chart for details.