Few days before I SOLD Call Spread on $NKE because it was challenging 200MA Support. Today it validated the trade and we keep this spread this expiry. You can find this alert on my Twitter account. Follow me on twitter.com/hammadhshahir for real time trades.
Amazon is on the verge of breaking MA200 line and RSI and MACD are supporting it. I sold earlier CALL SPREAD 565/570. Amazon declined on Tuesday despite the fact overall technology sector was gaining. Market is healthy but AMZN is declining today (as of now -1.3%)
Traders can enter PUTS or Sell Calls upon clear ...
$EURUSD tries to break 1.105sh level two times and failed. It also broke below upside trend line. This level is forming a strong resistance zone, also keeping in view 200MA is passing from 1.11sh level. IMHO, it will reverse back to 1.09sh level. If price drop below MA9 and MA50, then we can a clear bearish trend.
Alright, as soon as market opens today, I am going place a bear call spread on Telsa Motors $TSLA at March 18. This is a directional trade with the market and I am planning to take it down at around 30%-40% profit.
Gold is bullish above 1150sh level. Since the risk eases off, Asian markets are off to an excellent start. On this Gold reversal, I am already SHORT $NUGT (holding from Thursday, small position) and have covered call on $DUST. Will analyze situation in US session to jump in.
I believe that $CALL will trade much higher on it's good earnings. Immediate resistance is located at 8.50. If earnings and outlook is strong, this stock can move towards 10.00. Historically, it does spike upside or downside on it's earnings.
I'll be watching it closely and only trade after earnings are announced.