Had wrong expectations yesterday. Looked like there was some money pulled out to shove back in today for extra oomph.
Hope they catch the shooters. Long scalp.
Just BTD man.
Plenty of signals for a short here, but with a Central Bank minefield this week i'm not willing to take this. How are you playing DAX this week?
SPY's max pain option expiration (opex) path. Option Expiration cycles www.investopedia.com Max pain / strike peg www.investopedia.com Strike peg tool www.optionistics.com
Short scalp. Daily close below 10900 has a risk of forming a megaphone top.
Possible pennant forming. Looking for an entry at the pennant support. This will be a manual entry and not a bracket order. The idea is to see if price is indeed forming a pennant here. Setup on chart. I will update if i enter and when i exit. * This setup is made possible by Draghi and his goal to achieve EURUSD parity. Thanks, dude! Merry Central Bankmas!
Lagging big cap. Breakout/confirmation target on chart. The neckline is ascending and Bulkowski's states that descending necklines perform better. Something to keep in mind. thepatternsite.com I'm not the only one seeing this potential: twitter.com
I have been watching price action and it's extremely weak, but there's a lot of chatter of bull flow into LNKD on Tweeter. This pennant/flag could potentially breakout up towards it's new upgrade of 310. BUT insiders are happily selling and P/E is unicorn level, so i'm watching this for a potential short on any breakout up. If price breaks below pennant support...
Russia now has one plane less to shoot oil trucks. lol. Be sure to sell when it nears the bearish channel resistance.
The previous long call entry failed due to oil tanking and KMI following. With oil forming a possible short term bottom and insiders hoarding this stock since beginning of this year (finviz.com scroll down) i'm giving this sucker another try. Time to pick up some long dated calls and let them sit with T1 ~30.
Head and shoulders top is Bulkowski's #1 performer and island reversals his worst. Together? Head and shoulders top thepatternsite.com Island reversal thepatternsite.com * Not playing this.
Nice amount of successful double bottoms in the past. Target 34.73 where POC visible range is.
This is the path according to todays strike peg / max pain SPY option expiration (opex). Option Expiration cycles www.investopedia.com Max pain / strike peg www.investopedia.com Strike peg tool www.optionistics.com
So with SPY near monthly strike peg of 204.5 and weekly at 209 i feel like there's some room for a bearish retracement in VXX. Gap fill might be too deep, but we want to fake reward here to be more confident about our mistake. Yes, i'm joking.