TSLA has been chopping but now that SPY sold a 450, at least on first go, if it continues lower then TSLA should break 1020. Weekly chart and suppressed VIX give me reason to buy 14Apr options (option prices are cheap right now)
The indicators are simple in their setups. RSI does not usually go into overbought territory, as you can see going back to 2018. Shipping rates went up with post Covid demand spike and supply problems. Now demand will wane as economies globally move towards recessions, and shipping rates are going down again. If you buy puts allow plenty of time for this to go...
Since RSI dipped down below 33.33 I want to see if it turns down from under 66.66, and if so then puts should work from 348 back down into Monday. Bought 14Apr 146 puts, very small position.
Sorry I am late getting this out. I bought calls yesterday around 240-241 and held through the 2:00pm chop. Closed most of my weekly calls yesterday and holding two. Today I am buying swing calls. White arrow marks the candle that caused Stochastic %K spike from under 20 to over 80 - this is my signal that a bullish move may come. Sometimes price continues up...
Yesterday SPY found buyers on break of 444 and made a sharp move up. I am watching to see if same happens. If so NVDA and TSLA may see a nice push up too.
Bullish divergence on daily, and weekly shows also a very good place to buy. If PINS continues below 23 you have little to lose. Allow time in your options. I will go out for this one and hold through next earnings.
This post follows the trade idea posted on 30 March. Price is now coming down to a very low risk zone for a long swing position. First, I could be all wrong here and maybe FUBO will not make a substantial move up. That said, price is less than $1 from recent lows so consider the risk to reward. Buy the stock or give yourself time in calls. The daily chart shows...
I am not sure if HD can muster up the strength to move up towards 320 or the daily 20sma, which would be a great place to buy swing puts. I see this 30min consolidation and stochastic is bearish. I do not like the daily stochastic here to enter swing puts but RSI is bearish and there is a clear path from 300 to 280 if weakness continues. I see a low risk...
Weekly Chart > After pushing over resistance line and coming down to support line, price is selling off in the 176-180 area > Price could make another rise towards 180 before falling lower > RSI's recent dip below 50 and strong bounce up precludes either a move up towards 200 or a move down towards 150 > Stochastic is leaning bearish for me even though %K shows a...
I was just finishing this chart to post - with QQQ around 367.50 - and Mr. Brainard started speaking and the market reacted in a flash. Good thing is that you can wait for a bounce and still enter swing puts. I was posting the swing entry based on the 200sma at 269.30, and it was perfect (yesterday) because high was 269.31. Sometimes I get curious about Fib...
Price today is trying to break a 30 min downtrend line, not yet confirmed as of this post. Buying volume is up, but not very high. This move follows nicely after the unusual sell off I noted. Stochastic %D is just moving up over 80, which will lead to more buying. If stock does not break over resistance now it will pullback (maybe consolidate) before making...
I am seeing about 27% short interest in FUBO, but I do not trade on this. My technical reasons are sound, and short interest may drive stock higher if it moves up. There is a large sell block today, 22k, at $8.03, which may clear this week for stock to move higher. Call options are very cheap so I suggest taking 14Apr and later expiry. This stock has not...
SPY chart > price opened above turning point for last down cycle but is in resistance (between two yellow lines) > price is very extended from 20sma > red arrows show RSI and stochastic will turn lower > RSI after two dips below 33.33 has not been able to get over 65 even with such a strong rally (indicates weakness underneath, which may soon give way to...
Bought weekly 167.50 puts at 168, white resistance line. This is day 6 up, should reverse. Maybe it will push up to about 168.80 based on daily chart. Also RSI dipped below 33.33 (white circle) which is bearish and so now that RSI has risen with price I expect it to turn down before 60, maybe 65 in a strong rally, but price has already made its move and is at...
Notes for trade idea: >Price could be a double top in resistance zone >Cloud resistance overhead >RSI under 60 still, despite strong rally - shows underlying weakness >Stochastic %K has been over 80 and should soon cross below %D (on a down day) - %K will usually dip below %D and then rise again, and this may happen a few times before %D moves below 80 (more...
The weekly chart shows that price has come up against 20 and 50sma. RSI on daily chart could be a short term double top before more downside, shown in white box. There were many good swing put setups today.
I am looking for a few good setups to hold over the weekend in case there is a gap down on Monday. The market rise since Wednesday As shown by markers in the daily and 30min indicators, RSI and stochastic %K and directional volume are at extreme overbought levels. This is true of many other charts as well. Note the daily RSI is coming up to 50 after a...
For now the yield is still inversely correlated with gold price. Yield may start falling again along with markets and if so then gold will rise. I bought 14Apr 182 calls. Stop loss suggestions based on 30m chart are 180.15, 179.70, 179. Technically, green rectangles show a possible double dip RSI test at 50. If this holds and goes back up, it is usually a...