Spikes in treasury prices as long term rates fall off a cliff sets up an interesting contrarian trade opportunity. The entry to short treasuries here with options (short term: put debit spread or call credit spreads) look appetizing at near all time highs. RSI combined with trend lines offer a technical calculation of "top". Trade at your risk, I'm currently short...
Similar W pattern breakdown similar to late 2018 looks like a an opportunity to fade the market. Until the china trade deal has more optimistic outlook, I don't think there's still much appetite to push ATH even given the potential future rate cut news.
Momentum cannabis play overshooting generous analyst price targets ( most recent: GMP -> $18.27 on 2/05/19, CIBC -> $16.54 on 1/17/19, Eight Capital -> $12.03 on 1/08/19).
Strongest of $MJ sector in 2019.
The laggard of the precious metals.
Investors looking to profit from the possible move should consider buying April-dated futures contracts on the CME. Alternatively, try the Aberdeen Standard Physical Platinum Shares exchange-traded fund (ticker: PPLT), which holds bars of solid platinum. Platinum mining companies such as Impala Platinum Holdings (IMP.South...
TWTR with a monster run this year climbing over 80% ytd, and with such gains a log-scale makes more sense in detecting resistance and support trend lines. The pitchfork seems to be reliable here on the log-scale. With RSI at all time high and such quick rise over the last 45 days resembling a FOMO melt up, this make a solid short term contrarian play.
I like this short term AB=CD pattern to 257.85 which also happens to be the February high mark. Small Caps broke their highs last couple of weeks, then the tech sector joined, looking for Dow to be in catch up mode.
position: short dated ITM call options in $DIA