Hmm...overall market is strong today due to TGT and LOW earnings but where will she go today...
Over VPOC level of 168.33ish. Nice volume. Could see follow thru, looking for an entry over the next few days.
would like to see a close above $1832 and the 21 ema to really gain momentum in the short term. double bottom right on the 200 day sma with MACD about to cross and stochastics triggering a buy signal so far this Monday.
Looking constructive, as long as the market holds up. close above 1206 and it's ready to rock. Just all up to the overall market risk sentiment as this point..stellar earnings though.
bto 8/23 $150 and $140 puts. support pivot break. eyeing 50% fib retracement around $140-$143ish.
Sold the short iron condor as follows Sold the 117 calls, Bought the 118 calls Sold the 110 puts, Bought the 109 puts Exp this Fri, 7/5. Reasoning: 1.7% outside the top bollinger, needs to just consolidate here or even some profit taking into the holiday is expected Shooting star on the daily is forming, clear profit taking since the open .786 fib resist is...
Bought the weekly short call spread 237.50 / 240.00 calls. Looking for a 25% ROI. Reasoning: *50sma resistance *Daily MACD back to the 0 line resistance *Custom short term technical overbought reading *.618 Fib Resistance (from point of breakdown/last important pivot point)
Using fib channels, it actually structures pretty well to a .618 resistance level and .786 level on the standard fib level. Hopefully we can see the market stabilize if this holds true..