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punitarani Updated 

Apple is at key trendline and 200SMA support right now. It is one of the more oversold tech players and will likely reverse back to its mean. Trade Ideas: Shares : Long around 117.5 for 125 and 130+. 5-10% Swing. Covered Call : 131.25 expiring 4/16 for $1.5 credit. 17.5% assignment probability and a 12% covered return. Credit Put Spread : 110-111.25...

punitarani Updated 

SFIX gap down following disappointing earnings and not-so-bright forecast for the next quarter. Same thing happened with INTC twice over the last year and we saw how it was just an over-reactionary sell-off as it quickly rallied up after a continuation sell-off for a week or so. SFIX's fundamentals are solid assuming that shipping problems don't disrupt the...

punitarani

This long-term chart of GLD reveals that we have entered the next bearish cycle for the Gold market. This cycle of the Gold market peaked a couple of months ago and seems to be following the same trend from the last cycle. In fact, if we use the fib-retracement tool to plot the pullback from the first pulldown from the peak, we can see that GLD has bounced up and...

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STMP is undervalued following a sell-off after earnings, which were great but apparently not enough. STMP current valuation metrics (TTM): 18.35 P/E, 4.13 P/S and 3.2 P/B. For the year of 2020, its revenue was 758M and it grew up over 30%. They also boasted a large 22.6% Profit Margin which is unparalleled by most companies. As smaller businesses continue to...

punitarani Updated 

While the tech sector is getting crushed right now, most financials, industrials, cyclicals, and value stocks which comprise over half of the Dow Jones Index are doing well. However, if you are looking to add some negative delta to your portfolio, you could short into strength. DJI/DIA could still rally up, but the downwards market pressure is getting stronger, so...

punitarani Updated 

AMZN is approaching its mid-term support zone around $2890. Due to the high cost of options and liquidity during such a volatile time, going with shares to trade and limiting options to hedges and defined-risk options trades should be preferred. Trade Idea: Enter around $2925 for the $3075-$3100 before a potential rejection of the 200 SMA. Stop loss below $2815...

punitarani Updated 

AMD, similar to NVDA, has likely been hit by recent chip shortages. Their profits and market share only keep going higher. This is a fundamentally and technically strong play that could yield high returns if it hold. Trade Ideas: Shares : Long around $73.25-$76 for $83.25, $90 and hopefully $100+. No great options trades due to very low IVR of 5%.

punitarani Updated 

Ebay is at 200 SMA and trendline support and is looking to bounce up and moon. Long Shares at trendline support and 200 SMA around $53 for 57.5, 59 and 65+ .

punitarani Updated 

Nvidia has been trading relatively flatly in between a range of 470-590 for the last 6 months. Bounced above support on Friday, if it holds the level we can see a bounce up to mean volume-price of 535, an 8% move. Neutral-Slightly Bullish. Trade Ideas: Shares: Long b/w 465-500 for 535, 575 and 590+. Short below 460. Sell Covered 560 Calls expiring 4/16 for...