VRTX seems to be strengthening after being weak for awhile. Strong move above weekly 200ma on good volume.
I will buy the jan 2023 300/330c spread, and sell the jan 2023 150/140p spread for hopefully no more than .50
Maybe do some shorter OTM term put spreads against it, as well along the way.
Of all the stocks I scanned through, this is my favorite setup, short or long.
I'm looking for HOLX to fall to old resistance (see weekly chart) at the trendline. This is also the 20ma on the monthly.
Unfortunately, I may miss actually trading this, as I will be engaged in non-trading endeavors, so won't have the time to devote to trading Monday or Tuesday.
IQVA has a nice short setup. I would say it's recent lows are a high probability, and maybe it could go a little lower to its 200ma. I can imagine a possible scenario is that it might try to find support on it's Monthly chart at the 8ema (as it did two months ago).
Just posting for fun - may not trade this myself since I'll be away early next week.
LH is undeniably weakening. It's hard to tell where it will find support, but I don't think 250 is out of the question.
Above the trendline would be a stop.
Again, I'm just posting these charts today for fun - won't necessarily be trading them due to being away.
I'll probably miss this trade since I'm out Monday and Tuesday, but I think it should move quickly (just a guess) at least to its previous highs. My plan would have been to sell around 70% at that point, then hold the rest for if it is able to resume to new highs, maybe after a little pause.
I believe HSIC is almost done consolidating. It's hard to tell on a weekly or daily chart , but I can see by Dec (but hopefully sooner) it should be ready for another move higher.
I will have to look at a possible way to play this Wednesday.
Tough to decide which I liked better, MAR or HLT. We'll see if I'm right, although either one looks great.
It did already have a night move Friday, but I think HLT has the makings of a stock that just keeps going higher, despite looking like its overbought.
I won't be trading until Wednesday, so no guarantee I'll actually make this trade myself when I get back...
ES is banging against the bottom of a long term uptrend. Usually there is some resistance on these setups. Sideways action at the least.
I put this as a short, because while the market is still strong, is the best time to look for short related options plays.