Still bearish on gold guys - my indicators are telling me to keep waiting. Not confident enough to short it, but don't think it is time to purchase it yet.
Entry is starting to form for this trade. Keep an eye out. When the RSI & STOCH move our way - we long. GOLONGKINGKONG Sideways then long.
Has to get through resistance for me to open the trade. If it does I will long.
good idea to trade perhaps later this week Few days and we will have an entry setup.
I do see a bullish case in the daily TA, and could see it hitting the top of the wedge before dropping into doom valley.
Another trade slightly under 1 std dev from the mean. Collecting the theta big time on this trade.
-No time to chart it, but weekly looks HORRIBLE!!
Entered a long in Tesla strictly because TA says the selloff was too harsh. I know the macro factors look horrible for the company. This is strictly a long based off TA. Modest position, that is hedged. Entered long at $194 share price.
Currently in the following: Purchased QQQ calls - June 21st 185 strike Sold to open QQQ calls - June 21st 181 call Really trusting the TA here because the POP is off. If I am wrong however I have a confident plan on how to get out of the trade still profitably.
Still in long, sold the hedge - sitting in just the long now. Also opened up a call credit spread on GE - shorting them as well. Sheesh this is tough to be a bull seeing this inbound..
Certainly would hurt if you had a bullish bias on gold right now! Still would not long.
Personally would not long oil here till after it breaks out of this resistance it has been stuck in. If it breaks out this will be a great long candidate. TA is bullish but not enough for me to put money into trading.
So currently find myself in a long on $SPY $SPX that I entered at market close. I purchased SPY June 21st Calls at the 281 strike & sold to open SPY June 21st calls at the 292 strike. - This is a vertical long call debit spread - the theta decay is incredibly muted because of the hedge leg of the trade - literally nothing for how quick I plan on swinging the...