CSX is back above the 50 day moving average and should be gaining momentum in near future. With call options, I'm lookin for the stock go back to all time highs.
RSI is above 50 and is trending higher (this is really good)
The stock has been trading sideways and down for a long period of time approximately 3 months which improves this trading...
OTEX stock has fallen from an all time high from 50$ down to 46.50 area. This is a really good discount and analyst estimate a future price of $55-58. For this trade, you can buy a cheap May option for around 3.40$ per contact and has a high chance of bringing more than 50% return in the short.
Stock made a new all time high on 2/8
Tyson is looking good to retest the gap around 68$.
Gap confirmed to buy back to
Earnings per share better than expected 1.94 vs 1.58
RSI is above 50 and thats good for upward momentum
TSN has underperformed the market and this stock typically does better when the leading sectors like technology start to lose their attractiveness. This is a...
AMGN is at an attractive buying zone at 237$ per share. I see stock going up 5-10% where I would start taking profits. Using leverage or options would be a good play for this stock.
Stock is at a confluence of several moving averages which will help rebound.
The stock is trading in sideways/up pattern and therefore is likely to continue or go...
BP and alot of oil companies look poised to make big trend changes. With BP holding 20-21$ support zone and a potential head and shoulders pattern, this stock should be getting back to 25 dollars.
A large head and shoulders/ or cup and handle
RSI is trending up while the stock may have found support at 21$
This stock took a beating from...
Amazon stock is at a good price for entry at 3277 and am expecting this stock to start gaining momentum in efforts to retest all time high at 3546. This is an 8% move and will be using stock options to magnify returns. With vega options being high priced in this stock, I will be using a vertical spread in buying April 19th strikes at 3275 and sell call at 3400....
I have been bullish the past 2 weeks on the nasdaq, but to me, everything has changed with todays price action. We have been unsuccessful in breaking above the 50% Fibonacci and the rollover of weakness is starting to show up in my custom indicator. As you can see, in a bull market, my indicator stays above 0.0 and in a bear market, the indicator tops out near 0.0...
Hey guys, this is Spencer and today I'm sharing a trade that I'm currently in and discuss why you can enter it as well! XLU is the SPDR utility ETF and is riding above its 50 day moving average. It is making a series of higher highs on the daily and I believe it will retest the 200 day moving average which is very close. I bought the September 49$ Strike for 3.10...
DJI has making lower highs and right now the DJI could be making another higher low. This downward pressure will lead DJI to retest support & 200 day moving average. If this is an AB-CD Wave, DJI will break through support and market sell off pretty hard.
SPY is making a series of lower highs and in some sectors, a lower low. This is troubling as the market could dip another time! I am expecting market to sell off again! SPY needs to hold the double bottom in order for the market to still be in a bull market.
Hi, my name is Spencer and it's been a long time since I've posted any ideas. I use to be a forex trader for many years and due to time constraints with my great full time job and becoming a dad, I've switched to trading stocks and specifically options.
For this trade, I am entering a short position on XLP by buying the 55$ strike for about 5 dollars per...