Pton has been on this nice bearish channel for days now. Short Entry $30 Exit $27 Stop $31
According to Bloomberg, The Fed Is Entrenched in the Repo Market. "Since the rate on overnight repo spiked to 10% on Sept. 17 from around 2%, the central bank has been conducting overnight and term repo operations to help rebuild banking reserves, adding $237 billion of liquidity. It’s also prepared to inject up to $490 billion around Dec. 31." Since, the market...
Roku is still in play here, i have personally gotten in and out of this play 3 times over already. we may have another re-enter at $135ish. take profit +$3 stoploss-$3 Update on previous previous Dec 16 Trade deal Phase one seems to be agreed upon. if everything is dainty then Rouk could be an amazing play here. I would take Roku Long here between $132-133...
We just got a double bottom on VMW, Cloud sector is a bit beat up but if we get this santa rally. expect this to pump! stoploos - $3 take profit +$3 Max target 167
I thought the fed funding ended in 2019 but luckily, I was better informed by someone that read the news better "The Fed has thrown $255.6 billion into the funding market through early January to ensure the financial system operates smoothly over the choppy year-end period. It will continue pumping tens of billions a day into the repo market through the end of...
I been using this stock as hedge for market downturn for the last few weeks and it's already paid out multiple times. it's looking ready to reject again. good risk/reward short here with a $3 stoploss.
BA Long $334 Area with $3 stoploss This stocks been beaten around a lot, we already heard enough news about the 737 max issues, however that's not all BA sell. they have big defense contracts too. i would say this is the area that this stock actually becomes some sort of value. even when we first heard the news last year with lawsuits and everything, it only...
Spy is still riding along the trend-line with no real direction yet. I was really hoping we get back into the bullish channel but it seems like spy just keeps riding on the trend line and rejecting it slightly. What this means is that, we still have to be very careful with long plays, if we are gonna go long, pick a good set up and just hedge it properly. I got a...
Trade deal Phase one seems to be agreed upon. if everything is dainty then Rouk could be an amazing play here. I would take roku Long here between $132-133 with a $3 stoploss.
Amazon looking bullish for Monday. it's had a bunch of great news come out but been beaten down everyday.
spy is against the trend line, so we could either gap pass trend on Monday open or we going down further with a huge drop. as usually, hedge properly with Jnug longs or uvxy calls. 3:1 ratio (3x regular position 1x hedge)
using this short position as a hedge for my long positions. NTES just rejected trendline again. Rsi is very high on the daily too so if this falls due to weak china news. it's gonna collapse.
This may be a great opportunity to Strangle cgc here. Could be a big move upside or big move downside. i would get a 3 month out contract for $5 move down and $5 move up. so $15 puts and $25 calls cut one side once we see a clear direction.
I thought we were going down a few weeks back based on the trend but it broke out of the pattern and we are having a bullish run this week. However, trade deal still has not seen any progress and we been trading in this bullish channel but as another week ends, be careful for a sharp drop to the previous trend line.
This is just an update to the nov.8 chart that i posted when i realize we were in a bullish channel after the breakout. still playing it to the T. we bounced back and forth in the bullish channel pattern , and held that bottom of the channel. However, we also saw how violent the drop was. so continue to use cation and hedge any bullish plays properly with tiny...
SCHW looking bullish short term with all the positive news going on but they are about to hit into some resistance. time to strangle $3 move either directions($47 calls and $41 puts - two months out) and watch it play out.
HD reported earning recently and was slightly under eps. Overall, the materials industry has been taking a beating but we recently got some good news about building permits and home data being up. plus if they market holds the $310 level and bounces, it will probably take HD with it. in addition to that, HD has dividend coming up so we can see a dividend run too.
Kohls has earning pre market Tuesdays, We are currently sitting at resistance,I think if the market drops a little bit on Mondays, I would buy KSS up play it for a quick run up and sell before ER. I think it has potential to gap-fill to $62.5. However if it drops after ER, i would buy the dip around $52 for a run up again.