Nice double top on SPY , had the 458 trend line drawn last week. I did play some QQQ calls that went to 600% earlier in the week. Took some puts Thursday and Friday and made 200%. There is a fed meeting Monday. I did swing very small puts into it. Anything can happen though over the week leading up to the FED. Important to hold 440 or we could easily see January...
One of the best performing sector of lately has been the energy sector. Most of the stocks are making new 52 week highs. I like XOM, OXY, CVX, DVN, and MRO. They still have some resistance above from 2018 year but still liking them to push higher.
Inside week, high of last week was 370.1 and low was 351.52. Previous week high was 374.36 and a low of 334.15. Looking to see what way we break this upcoming week. A lot of the big names already reported. AAPL, AMZN, and GOOG rally and help push QQQ higher while the weakness of them all FB got destroyed by their poor earnings report. Been seeing a lot of people...
TLRY, CGC, SNDL, ACB
So far this year looks like the weed stocks have found a temporary bottom. Most are curling off the bottom. TLRY has lots of resistance above but last few days has been pushing with increasing volume. Just keep an eye on them if they really start squeezing. Most likely will be looking at some calls this week to see if we can get some follow...
Nice double top on SPY, had the 458 trend line drawn last week. I did play some QQQ calls that went to 600% earlier in the week. Took some puts Thursday and Friday and made 200%. There is a fed meeting Monday. I did swing very small puts into it. Anything can happen though over the week leading up to the FED. Important to hold 440 or we could easily see January...
Right now TSLA is just trading in a narrow range. I am not a bull or a bear at this time but once it breaks it will have some great momentum. It is holding support for now. Wouldn't touch it till it breaks out of the box it is in. Lets go Elon!
One of the bullish trends in this market has been energy and oil companies. Still USO has a lot of work to get back to what it was trading before 2020. The market right now is unsure what it wants to do but oil sure does want to push higher. Looking at next target of 69.2 then 74. Some good trading and option trading companies are XOM, CVX, and OXY. All looking...
Bullish or bearish?
What does everyone think of this market?
SPY right now is hanging in-between support and resistance. This past week we rally hard on Monday after finding a bottom, the previous week. As long as we hold 442 we can consolidate and try and break out over 458. If the support gives out, we can see a nice move down to 428. Then a big move down....
