Target pretty much top of channel that extends back further than shown here
Might be decent opportunity to seek a pullback test 180 previous high...
Had quite the move recently
Options Call open interest all around 185s Jan & Feb
Though its not really a heavily traded options name
Also it's not a super liquid name in general so is prone to decent gappy moves...
Verizon back flirting with a break above 62
Likely to have a floor based off its dividend status
Could play for the break out but prefer to scoop calls on any weakness
Don't expect it to light the world on fire if its does continue higher a couple bucks will do
CBS has 2 things going for its streaming services
Loads of new accounts for Champions League football/soccer
PlutoTV is selling the hell out of political ads and they had over 25million users for Pluto last count.
Whether or not this is good for the stock overall we shall see
I don't do fundamental analysis really and don't pretend to but just want to put this out...
I had to use an extra thick trendline HAHA but TLT volatility is back in the upper range.
Sure it could break out here just as easy
Maybe just maybe it doesn't
Same as my other TLT ideas ready to move on from it really but that's a sign usually lol
Still holding onto hope the appetite for bonds is insatiable
Thinking I've taken the heat for now...danger danger
Maybe it finds support here in this makeshift channel
Already long calls
Looking for a little life above 158 to add to position for a run back to up channel
Not to beat a dead horse but Gold is back to try and test a breakout of the downtrend resistance it's been fighting since ATH back in August.
Made a couple attempts to break above overnight around 1917 spot Now kinda of treading water on the downtrend
DXY back on the lows...USD could rally from here and get a reaction out of GLD
Stimulus mostly priced in by now...
I'm still risking against the downtrend from last Monday's highs
Best to wait for any stimmy pop above and then initiate short via SPY puts
Rates also toppin at important resistance maybe long TLT here?
Still seem to be in a downtrend since Monday's highs
Its that simple
Battle at 3500
Clear Rejection will offer another chance to enter a short position
Fake Break of 3500 would be ideal
Looks like we are in a bit of a downtrend since Monday's high...
Barely holding the bottom of the longer term October uptrend...
I'd like to see an attempt to break above the downtrend fail and then go long SPY puts around the area of rejection 3327 or so on SPX
10 SPX pts and a cloud of dust but I'll take 5 and then evaluate again
Maybe leg into...
Gold is back a level where it previously broke down from in Sept.
Also happens to be sitting on long term downtrend from highs.
I want to wait and see if it breaks and can hold higher.
If not GLD options to play it short back towards 1900