Here is a good trade to help hedge the account and reduce your market exposure . Could be a longer term trade but I will personally take profit around the median bollinger band area. Long the pair~
Hello , good trade imo to hedge the account , especially with election uncertainties . Long BNS and short YELP , exit on median band . Good luck~
I noticed while hunting for stat arb pairs that XOM and XLE (Energy etf ) are very very closely paired . They pass a co-integration test at 99% and are correlated at 88%. In-fact, they are so closely paired that they can not be profitably traded as a pair as the average convergence and divergence between them is too close and the spread is simply not profitable on...
Optimistic earnings out today with a $0.03 eps beat, plus recent share buybacks and the daily chart supports signs for a continued reversal up .. Also the XLE ( energy etf ) looks like it has recently started to possibly turn bullish , this would would help EURN . Energy stocks generally have not done well recently but I think this simply will create some good...
Hard to speculate potential profit targets for either of these , It's easy to say RKT will be back up around $30 at some point in the near future though. I like RKT and I personally see a lot of upside potential . However , the default rates on mortgages are up considerably at this time and the future of the world economies is uncertain . On one hand, the interest...
A little bit about CARE: Carter Bank & Trust provides a range of retail and commercial banking products and services in Virginia and North Carolina. The company also offers loans, such as secured and unsecured commercial loans; secured and unsecured consumer loans for financing automobiles, home improvements, education, and personal investments; real estate...
There is a big sell off currently taking place in aftermarket and based on the daily chart and earnings this is ready for a big reversal. Good time to consider a short imo.
I like QQQ as a short position. Simply put, tech industry is quite overvalued at this time and we saw the beginning of a reversal start today . Initially, I was actually considering shorting the SPY but decided on the QQQ instead. Mainly based on a simple comparison of the the two (SPY is in orange). That being said be careful , the QQQ is still within its...
There are two bollinger bands on chart , weekly candles here . Bollinger bands are set at 2 standard deviations and 2.5 with a 50 day period to clean up market noise on bands . The SPY is currently already in contact with the 2 std band . Options Put/Call ratio is 1.65 , over 1 is bearish . Put open interest is 13,395,353 Call open interest is 7,860,157 My...
Technical play ....I think this might be a good play for Monday , took a position at the days end , very small one though. So, you may want to set your stop higher .... Red line is stop , green line profit target and blue is my entry . Good luck ~
Hi , hope everyone is having a good weekend . I am going to make this one 100% technical based . Short and sweet . We have 3 bullish failure swings on the RSI that are marked with the horizontal blue lines along with the green arrows that show the respective buy points. Furthermore the rate of incline, in degrees, on the RSI is significantly greater than that of...
Reported Q2 revenue today of 5.04 Billion and the consensus estimate was 3.75 Billion , that is a big difference. Then oddly enough, after this there was a fairly significant drop in the share price after hours, to which I could not find the reason for. Having said that, I personally have learned not to play earnings as you can have all the reasons in the world...
I really like low rsi plays but usually prefer to see stocks with low RSI undergo some consolidation before a move up , but we may not get that with WDC. So, that being said watch this closely if you enter . Technicals look good with recent buying volume a nice reversal swing on the RSI . Took a position. Target price is based on fib 0.618 level but is not set in...
First of All , shout out to Horizontal Price Levels Trading (on tradingview), I originally read their publication on FULC which was what spurred my original interest. Secondly, Bio-tech is NOT my strong point , as I do not have a medical background and reading the news reports these kinds of stocks produce can be hard for me to comprehend Example from Quoted...
This looks worth watching , I already took a long position on a pair trade I am doing but just looking at this independently shows us that the accumulation is rising and the price is dropping , this divergence is a bullish indicator . I am already long but just wanted to mention this for others to consider. If you are considering a long position I do suggest...
Just wanted to include this version of my chart that shows how I came up with my initial price target (fib 0.618 level), as you can see ties in nicely with historical price points. My other publication on PXLW has some extra info as per fundamentals though ......
No guarantees, as always with any stock, but looks like the buyers are about to take hold of PXLW and run with it . Technical reversal play. Rsi is also on the uptrend . There has also been some inside buyers taking positions on the 14th and 17th of Aug. Put/call ratio is 0.01 , very bullish . Low short float. Good technical play, I think . Good luck ~
Bearish Reasoning : 50 Day moving average considerably below instrument . RSI nearing overbought Stock at resistance on daily chart. This is just a quick request for an update on EURN, at this time I do not have a position. There are some reasons for a continuation of bullish trend too , such as but not limited to, the target price , dividend, book value...