Good Morning All,
Amazon is hitting the top of a downward channel trend, and it is my belief that is will be heading back down. Looking at the MACD I believe there is a price divergence occurring. My play is to enter a put option around the close of the market if AMZN does not break the resistance line.
Buying a put with expiration date of 2/22/2019, x price =...
I called the massive tumble in December, and believe it is going to happen again over the next week and half. I believe the market today gave investors false hope of a recovery and will start tumbling back down.
Entered Put options today set to expire on the 18th and plan to hold strong. Let me know your thoughts on how you plan to play AMZN. In the option world...
TSLA Hit the support line around the $336 and I believe it will tumble back down to $314 by end of day monday. Line up them put options!
2019 goal is to buy a Telsa, playing TSLA in the market
This has been a brutal month for the market. I believe we will spend the rest of the month retracing what was lost. I am am expecting facebook to push back to $135 over the next couple of weeks. I believe there is more pain in the near feature, but feel the retracement and consolidation period coming for the next two weeks before we see new lows.
Overstock took a beating the last couple weeks. It still is riding the downward channel and is climbing back up to the resistance line of $15.73 over the next couple of weeks. Perfect time for an Iron Condor to collect some money off of writing calls & puts.
As previously discussed if ISRG closed below the blue support line it should have been shorted. Now it is time to ride back up as it retraces. I believe this stock still has a lot to lose but learn to play both sides.