Flip a coin and buy puts or calls ±50 pts OTM #consolidation
This stock just goes up and up and up. Buy and hold and rebalance monthly.
$KODK heading on it's way to $13.37 where it will rally and chop for hours. If you're short, take some profit soon.
Gold is wedging to $1990 over the next two days. Swings could get tighter and less profitable and more risky. Options pricings will go down on the tightening due to decrease in volatility, so it'll be a great time to get in on options on $GLD $IAU $SGOL and futures.
Gold Wedge. Looks like a 2-5 day consolidation ahead
Short term downside breakdown coming.
A quick and dirty Elliott Wave analysis reveals potential for the market to trade it's way back to late March levels to expend all the pent up traders holding short-term positions before returning to the overall uptrend again late May.
Cypher on GOOG indicates this could correct even further than the open.
If we get a retracement down into the $150 region within this year, we have over an 80% chance of a retracement plus extension to $320 region around 3rd quarter next year (2015). Currently there's a decent short available with final target at $150 and stop loss at $250, a 3-to-1 risk reward setup. Once TSLA reaches the $150 area, drop all short positions and go...
Harmonic Pattern in the works, with high potential for bearish reversal after retracement to the 98 area
Bearish setup for 38.2% retracement along the CD leg, for TARGET 1 (1/3rd position), then move stops to break even, let run, TARGET 2 is the 61.8% retracement level (1/3rd position), then let run free, take off last 1/3rd towards or beyond the 100% retracement, if ever reached.
Green Zone is Buy Entry. Gartley Pattern to rebound to Fib Extensions
for Multi-Week Swingtrade
Pattern Threatens to retreat prices back to the $2.00 level before cont.