Bowling_Knight

Bowling_Knight

ADBE bouncing off resistance level at 570. Looking to sell short dated call credit spreads between 570 - 575. Close the trade if price > 573

Bowling_Knight

Technical Analysis: This SPY weekly chart shows the full pandemic crash, rally, and subsequent reversal. The white arrow points out a very clear bounce up from the 200 Week Moving Average. Short-term impulse is up, but SPY is in a downtrend overall. Macro Analysis: Markets crashed hard and quick in March 2020, then rallied straight up for almost two...

Bowling_Knight

JPM pays a $1 dividend tomorrow. Company is performing well, wanted to compare performance to peers. Interesting to see JPM up less than its peers in the financials industry who all started 2022 with a strong bullish day.

Bowling_Knight Updated 

Watch for downward cross of moving averages, price finds support at the bottom of the channel and continues to rise from there. Company is experiencing short term weakness along with broad sectors of the US Economy. Market has been falling on news of new variant. General skittishness paired with portfolios rebalancing for 2021 year end make for extra selling...

Bowling_Knight

IronNet is a cyber security firm that is pretty new on the market. Despite its debut being less than three months since the time of this idea publishing it has already seen some big upward movement, followed by a quick fall back to Earth. Was this purchasing by "smart money" or retail traders chasing a quick buck? Not sure of the answer, but a search of forums...

Bowling_Knight

Fortescue Metals Group (ASX:FMG) This chart provides two price levels of established historical support. FMG shares have taken a bruising since late July in tight correlation with the drop in iron ore prices. Falling prices and the Evergrande debacle in China, its biggest importing nation, have been a 1-2 punch on this otherwise healthy and growing Australian...