The 10ema has finally crossed the 50sma on the daily (my favorite buy n hold signal)
This is the setup:
R:R - 4:1
I want a pull back to 74.81 to trigger me in and then I want two things to happen:
1. 74.50 to hold support
2. 50sma to hold support so that so that no ...
Nike is trading near 52-week lows, has formed a new trend of higher-highs and higher-lows, and the 10ema has crossed the 50sma which I love to see.
Would love to get a Pull back to 52. Since I do not expect Nike to go that low I am going to sell some Jan17 52 puts for .26. will enter a long put for account ...
Entered MRK with Feb17 60 Calls. Buy Low sell high. Playing what looks to be an exhaustion gap doji at the bottom of a channel
I expect a bounce or a gap up in next couple days. If it does not come I will look to exit aggressively because these setups usually ...
a doji at the bottom of a flag pattern engulfed by a bullish candle. I will trade the top of the engulfing candle with a stop below it.
Allow 2 days to trigger.
move stop up after two opens/closes above the 10ema.
take all at target.
CLD formed a bullish flag pattern. I am going to play the top and bottom of the bullish engulfing candle:
I will allow 3 days to trigger.
Take all at target.
Move stop up to break even with 2 closes above the 50sma.
Long ABX Feb17 14 Puts @.89
I think ABX has formed a small double top, has the 10ema on the daily coming, and also has a strong old support/new resistance above my stop.
ABX closed at 10.72 last time gold was this price and the trend line looks like that valuation is close to ...
Entered O with Jan17 55/50 Credit Spread for net premium of .78.
Spread entered instead of naked put for account leverage.
Break even - 54.22
Stop - 52.41
Plan A: Receive .78 credit (ROI: 18.5%)
Plan B: Get put shares, hold stock for monthly dividend. Exit all at 58.26.
Plan C: If the ascending trend ...
Wrote 2 CS Jan17 15 Put contracts for .55 each.
Break even - 14.45 (neckline)
Stop - 12.95 (below right shoulder).
Target 1 Reward:Risk - 4.25:1
Recieve 1.10 credit.
Get put shares on retest of neckline.
Hold stock and replace stop-loss with costless collar
Lot of upside potential if 14.34 can hold
For my buy and hold strategy:
I look for BlueChip Dividend Payings Stocks that have traded down to 52-week lows and the long-term daily moving averages (200, 100, 50) are respective to one another in terms of height on the graph. For example, the 200 is at the top and the 50 is at the bottom. I then add the 10ema ...
It looks like Starbux consistently finds a consolidation floor and then climbs uphill. Could this consolidation be the spring loading up to the anticipation of earnings that will soon have chinese samestore sales included?
I believe alot of investors are waiting for earnings and if earning are good and SBUX pops ...
So I have been using RSI and the 20 level on triple leveraged ETFs and is has been going nicely.
Today I noticed a pattern. A double bottom on the RSI led a huge upside run that lasted for 8 months. Well that pattern has formed again. Will it lead to a bullish run I am not sure but this trade is very affordable ...
I think gold retests the previous highs after a nice double bottom.
I am going to see if I can get a pull back from the strong run up today and use the following setup:
Target: 35.66 (previous highs)
The stop has the double bottom support and the 200simple in its favor for a very ...
CVX is one of the most bullish stocks I have seen so shorting this will be tough but a head and shoulders has formed and support has been broken by a bearish candle with good volume. I think the stock will retest the neck line for an entry and then trade down to the 200-simple.
Here is the setup
This is an ugly chart for those who are bullish on GILD. I do not hold short biotech positions overnight so I will not be entering this trade.
This chart is just to show that the recent crash in biotech still has a way to go.
Selling SeptWk1 126 puts for at least 1.50 premium
The setup is based on the break even point of the put sale so position size should be calculated based on this setup:
I do not expect to own shares off this put sale--although I would like to own ALXN at these ...
Celg has come out with a bunch of bullish news including new drug approvals in Europe and a recent earnings report blowing past expectations.
I figured CELG was on the way up about about a couple weeks ago when I drew the wave count. I made some good premium selling some way out of the money puts but was really ...
Apple reported a decent enough earnings to remind investors that people still use apple products. As a result the stock gapped up and trapped a lot of investors that went short leading into earnings. Since apple now gapped up above the 100-SMA I would like to own APPLE on the retest of this moving average which is ...
Biotech is looking like it found a bottom especially the blue chips.
Celgene has some $95 puts expiring next month for a premium of $1.30. That means that by selling these puts we can get put the shares just above the 52-week low if we were lucky enough. S&P has a 12-month target of $160. I would love to own ...