Prices is testing the broken support now resistance, and we have a double top pushing the price down. also the major indexes are hitting important resistance levels, we might see a correction next week. I also bought put of DIA for the next week.
No price action yet but price is landing on a historic trendline from 2009 and also strong pivot point. Seems like the 80 level is key and bulls will defend it. Open a small position and add when you see price action in the daily. I don't think is going to break down that easy. Will be fight.
These stocks are clearly in a downtrend and testing the downtrend line resistance. I have puts of TGT that I bought on Friday. If you want to trade one of these I recommend to open a limit order at a better price than it closed on Friday for the puts and pick a strike price close to the current price. You can also buy puts with different strike prices to balance...
Price is testing the broken support now resistance of the bearish flag. I have puts as described. I think the next week is goin to be red. We could have a fake out of the resistance, opportunity to buy more puts.
Earnings punished this stock and pulled it back down to the support area at 140. Is a good company so I bought the stock at current levels. On the other hand I think is going to try again to break up the 180 level. I don't mind holding this one for several weeks.
Check out the support line. Price keeps bouncing of it and at the same time forming a falling wedge. I'll keep an wye on this, I want a little more price action to jump in. But looks vert tempting.
I'm highly speculating here, looks like support is holding and next week could be a green week. Price is oversold and support holing, is a good combination. I think we might open with a gap up on Monday.
We may see a retest soon. I'm speculating and buying calls expiring on 11/03. I may buy more tomorrow and Friday if price action helps. The ETF is clearly oversold and hitting a strong support. We might have a couple of green weeks in he near future.
Too soon to tell, but apparently is forming a HS in the daily timeframe. Is having trouble to break the 460 level again, it did once, hit the 500 level and pulled back. I'm not shorting this again, I learned my lesson but I'm selling CSP of NVDS expiring on Friday. I don't think is goin to break the 460 any time soon. Every time it rallies I'll be selling CSP every week.
On October 2022 the pair broke out a massive double bottom. After that it consolidated for months to break out again. And now it came back to a important support zone. I think that double bottom still active and there is more gas in the tank. Great opportunity to pick it up here. It may consolidate a few more days to shoot up again, I don't know but I'm already...
I see a rounding bottom forming since 1987!!!, Japan is in big trouble if this pulls off. We are trading at an important resistance 151 level. Probably we see a pull back to the 145-146 level and then the pair may try a massive break out. I don't know what to think about this, we could see a big shift in the world economy in the near future.
Huge inverse HS playing out. The last 3 months price has been pushing against the resistance. Break out is coming, SL triggers when price drops below the minimum of the current monthly candle and a daily candles closes at that level. Use limit orders to TP and take profits on the way up.
Market has punished unfairly this stock after earnings. It way overreacted. This is good company and earnings weren't bad at all. It will go up very soon. I bought some calls (you can just buy the stock and hold it forever is that good). Expr Nov 10 strike 230. Careful with the 238 resistance, you may want to close almost all your calls on that level.
Is VIX breaking out? SPY hit very hard the support trendline, is like it wants break it down. I think we will have a bloody battle at this level, a lot of volatility. Several attempts to break the support. If it breaks it at first attempt, that's it, crash will come. I'm holding my longs and selling covered calls, I'm not selling anything, actually I'm buying...
The pair jut landed on a strong support zone. I just opened a long position, I know there is no price action yet but I prefer to deal with a tight SL, also It could shoot up overnight while I'm sleeping :D. On the other side, the Dollar looks strong among other pairs.
2 weeks chart. The resistance at 4.5 was broken with tons of volume, no is testing the support. Risk and reward is good in this trade and it can break up very quick. I already have a long position, I may add next week depends on price action in the daily timeframe. Take in consideration that this is a 2 weeks chart so plan accordingly.