simplenothing

still hoping for a bullish move higher for miners.

For most people with common sense, it's not a question of if the markets will top, but when. I think this spinning top candle on the weekly here, may finally lead us lower next week. At the very least, it's a sign to be cautious.

I think miners are looking good. VGZ has no debt, and is my lottery ticket of the miners I own.

Looking for USO to strengthen around 10.90 where 50, 100 and 200 ma confluence exists. Also trendline support.

I will try to buy tomorrow around $9.20. We sell GoPros where I work, and sales in December, which is their biggest volume month, were only down -0.9% this year. Last year, December was down -18.2%. So, it could be that sales are starting to suck less, which is a start.

Expect to fill gap around 53.5. Sold some 62.5 calls expiring Jan20

Bearish Engulfing candle on XIV indicates equities will most likely continue to struggle next week. SPY currently at 233.25

Bought CFG bear spread (sold 1 Jan20 35 call; bought 1 Jan20 40 call) for -1.37 (credit). I think stock is overbought and Value Line dropped it's rank from 3 to 4 FWIW... I'm looking for it to fill gap around 33.

Extremely bullish monthly and weekly candles. Short-term target 112. After that, maybe a pullback to form a cup-handle scenario on this 2-hour??? Just a wild guess on that part.

This is XIV / SSO (double S&P). I think it is finally signaling a top here. SPY closed at 225.38. Based both on shorter term rising wedge and Longer term (blue) trendline resistance.

I plan to short around 779 which is 1) last week's highs and 2) the 50% fib retracement and 3) the 50SMA. Monthly and weekly charts are looking weak, especially against rest of market, so I think we should see at least a drop to 740 after that. Maybe it will find some support at the 200 day MA.

I'm playing odd that this will move a little higher. Bought Dec23 270 call / sold two Dec23 280 calls for $1.90

This setup worked last time I posted, so figured I'd try again now that it has returned to upper trendline. Bought one Jan20 85p; sold one Jan6 74p for 6.85.

Looks to me like CMG is finally coming off a long base. Sold 397.5 puts expiring Dec 9th for 5.50 credit.

Looks like standard bull flag. Hoping for between 8.6 and 8.9. I'm in at 7.43

Looking for stock to reverse lower from this 79.5 level to middle of channel or lower. I'm long the Dec23 79.5p and short 2 74.5p

Figured I'd update this USO chart with a new target (#3). Unfortunately Energy-related stocks didn't pull back as I hoped when USO nipped at target-1. However, hopefully the target-2 area will allow them to consolidate before moving higher again.

BIIB showing good relative strength. I bought 1 325 Dec16 call and sold 2 350 calls for 2.10 debit.