The sentiment is without a doubt bearish right now. Everyone is calling for lower prices. Seems too easy to short the peak again, I went long at the 200 EMA on 4hr. Look at how nicely the price has bounced off of this average thus far.
Target is around 12k, but I don't plan on selling there. The market wants to melt up.
Wait for confirmation on break of 1500 level. IMO, palladium is going to be useless. It's #1 use case is in ICE cars, and IMO, EVS will be everywhere by 2030.
Trying to find a way to capitalize on the downfall. Not really any options out there, would love some input . Thanks!
Bought back the short leg of my INTC 7/19 call spread this morning. INTC looked strong today when the macro trend was very bearish.
Closed 2/3 of the position, rest is on the house. May add to the position if RSI breaks above 30.
Chart is just for fun :)
I am long on TSLA from 226 (shares).
Looking to hold 50% of these long-term. Selling half @ 250.
Will double down if TSLA touches the 200 area.
R:R for long is very attractive. Don't see much more downside unless the MACRO trend continues down.
Been awhile since I posted an analysis as I have been traveling and trading from the road (minimal amount).
I added to my long on TSLA on Friday (shares @ 235 ), and added a 250 / 265 call spread for May 31st.
Entry @ 3.95
Stop loss at -20% @ 3.16.
I'm expecting price to retrace to the 270 area before end of the month, but will close the position...
SBUX is the easiest short of 2019. Currently sitting at ATH in a bear market.
Bearish divergence all over the place and a double top on the RSI is signaling a significant decline.
2/15 69 puts at .58 per contract
Chart is self explanatory. Haven't moved circles from previous charts, those are estimations of when I think we will get there based on trendlines intersecting.
I really think next week is going to be full of red. Spy will decline 3-5% next week.
Position: 265 / 250 put spread @ .70 per contract.