The fall of the mighty dollar looks to be in the midst of beginning stage 4. I believe the dollar is going to continue to weaken.
I'm short BBBY under 48. I expect this to roll over after the massive wick that printed today. Ryan
I'm long JPM. There is a nice bullish divergence working. Ryan
Targeting an ABCD measured move off of the rejection of the .618 fib and the 1950 level. Target 1 - 1800.00 Target 2 - 1720.
I think oil is going to squeeze and this should be a good short term long on COP. Ryan
If I were to trading futures this would be with a very tight stop. It would most likely be invalidated below 1950.00. I'm targeting an Elliot Wave 5 wave move up to 2040-2080 range. If we fail 1950.00 this setup will be invalidated. Ryan
I'm Long Macy's. I believe the retail sector correction is overdone and it will recover back. There is a strong buy signal on the monthly with a Bullish Engulfing. Ryan
Facebook moved 20 points from it's high at 117 all the way down to 97 and is currently failing an attempted bounce. I am targeting the 97.50 strike as my entry and I am target 90-84 range as an exit. I will keep you updated. -Ryan
I am Short UA and I am targeting $68 as my first price target and $50 as my second price target. Ryan
AAPL and AMZN just set this up perfect for GOOGL to beat on earnings and pump the market bigtime. AAPL is super cheap in the 90's and AMZN continues to get pumped. I would expect the big guys to buy this up. Positive divergence for MACD versus NAS100. Super Long. Ryan
Hmm. Who is going to benefit the most from oil prices going up? Maybe the biggest integrated and hedged oil company in the business? You betcha. I bought calls on XOM at the 72.50 strike 3 trading days ago and got in with a $73 price entry. I'm planning to ride XOM up until it hits resistance at 1 of my two target points highlighted in green. I have...
Oil is in the process of squeezing which will create a relief rally that is much needed. XOM is rejecting the $70 range. I got long on Wednesday at around $72 with monthly XOM calls at 72.50 strike. I am planning on holding through next week and taking profit after tech earnings. Ryan
Bounced close to a historic support level at $27. I think there should be some covering soon. The weekly wick is bullish. I am tentatively long because of the underlying fundamentals in oil, but I wouldn't be surprised if they try to test $35 or $40. Ryan
TLT is giving a strong sell signal with tweezers on the daily... TLT should test the bottom of the wedge. I bought a 125 strike put for a month out. I'm targeting 120 to take profit. Ryan
I'm short gold... ABCD measured move to 975 target. Ryan
If oil can hold the 32.50 level (Huge support since 2002) then I think oil can rally. I'll wait and see though. no position other than 10 strike 2017 leap puts on $USO and 13 strike 2017 leap calls on $USO. Ryan