Another week passes and the crypto space is about as lame an 80's chick flick. There is not much going on which is leading to many simply throwing in the towel out of frustration at this point. It is difficult to post a daily article on Bitcoin' as pretty much the past few weeks nothing has changed. Bitcoin' is attempting to make a soft landing and form the...
One thing we know, is though time changes, and a new generation of traders and investors enter the market, history still repeats. The same is observed with herd behavior in the wild. Two or three generations go by the herd still migrates as it has done for 1000's of years. Trading and investing is no different. This is not something new, and the proof this...
ATVI is one of the stocks on our short list for our aggressive options strategy as well as a potential swing trade setup. Looking for longs on a pullback and reversal with a shorter term target of 60.0. Take two may be the best in breed here, but a rising tide raises all ships, and this is a less expensive stock to trade. This is a perfect candidate for using...
Bitcoin' continues to consolidate as the market looks for direction, however are buyers drying up? The current pattern and price action may hold the clues and it may be prime for a market short raid. Overview: The initial rally off from 3100 caught a lot of shorts by surprise, however, it appears that momentum is stalling, and perhaps starting to show some...
Bitcoin' is struggling to rally here, and though we expect this to be part of a bullish reversal, the longer it lingers without a solid swing to the upside, the potential for pushing lower increases. This may seem contrary to what I said back in October when Bitcoin' was trading at 6k, but it is about context concerning time and position. Coming off a low in an...
Funny how many so called "analysts" were calling for 1500-2000 just a couple weeks ago, have dumped their bear buddies and are now calling for 5k and higher. They simply feed into the frenzy with wave counts, diverging MACD's, and a bunch of crap that creates fear and FOMO. Great job guys, only a couple weeks ago they had you selling the bottom, now they are...
This is one that is surely not for the faint of heart. Looking for a rebound faking out the shorts and a bullish reversal towards 82.50 initially. Highly volatile and very risky trade instrument here. Lower support is around 48.50 and this would be an area I would look to sell another PUT contract. Premiums are just too good to pass up for shorter term...
While the rest of the market was getting pounded, NBEV is bucking the trend. There must be demand for this stock as they introduced weekly option dates which makes it a much better options trading vehicle. Initial target of 7.50 would be an area to look to sell covered calls or fade into strength or a pullback towards 6.0 looking to sell puts. Final target...
So goes Bitcoin', so goes the market. Regardless of the coin, with very few exceptions, the market is trading as a sector and very much correlated to Bitcoin'. No different than how the NASDAQ is heavily correlated with Apple' Amazon' Microsoft' and Google'. Or how the semi conductor sector is pretty much correlated. Most of the charts look the same. So why in...
As the semi sector continues to be hammered this one is breaking out. The 262 level is an important extension, and an area to look for a reversal and pullback as traders exit long positions. We are looking for a pullback to the 235 level and bullish reversal for a potential swing trade. No sense in chasing, when it is likely we get better prices in the near...
The tech sector continues to get hammered and it brings down the good with the bad. Qualcomm' is still undervalued here in my opinion, and as we closed out our recent options contract for a profit we are looking for another re-entry. Initially the bullish swing looked promising, but the recent bars are showing we likely retest the lows, between 54.0-56.0. What...
Qualcomm is building a nice bullish reversal structure off the key 54.0 level and is poised to move higher. Initial resistance is 62.0 but if broken shouldn't take long to test the 68.0 in the next month. With the introduction of the first 5G phone next year, they are way ahead of the others. Beaten up, left for dead, time to look to add this quality dividend...
Regardless of all the Teslas being sold, Oil is still the Energy King. $50 is a key level both psychologically and technically. We are looking for a reversal here and a move back to $60 in the next 2 months. How are we trading oil? Selling PUTs on our favorite oil play! MPC! The merger with Andeavor created the largest refiner, midstream and retail...
After breaking a key support level the Sterling is getting pounded. With Brexit in Limbo, Theresa May on tour trying to regain some support, and Merkle joining the party, the Pound is under pressure and the dollar continues to strengthen. Look for additional weakness until they come to some agreement. If the Brexit deal fails, the sterling will surely lose it's...
The crystal ball has been fixed, the seer is in her chair and there it is, the magical number of which we can mark the bottom. The number is........ crap where is the windex! So with Bitcoin' trying to keep hold up around the 3700 area, well, nothing has changed in my analysis from last week. In the short term we see weakness and a likely retest of 3500 or a...
After a miserable Thanks Giving Weekend in the markets we are starting to see some signs of a bullish reversal. So is this the beginning of Santa Rally or a Sequel of the Grinch that stole Christmas? Despite the pessimists and constant expert trad... errrrrrr trolls on TV' we remain optimistic and Long Bitcoin' in the LONG TERM. I have to capitalize LONG TERM...
After a few weeks of hibernation, the bears have awoken and are trolling up the sites with their calls once again for capitulation into the Abyss. Are they finally right? Well the old saying "The Sky is Falling" is not new to this or any market. I remember many perma-bears that were calling for a 50% retrace on the S&P in 2015-2016 and after a mild correction,...
Another week and another stop out. That is 3 in a row for the record, and is reason enough to go back to the plan and assess the strategy. Trading is not about being right or wrong, it is about adapting to your environment. It is about looking at your losses and how you can improve your strategy as the market changes. Range bound markets are difficult to trade...