BrownBearTrades

BrownBearTrades Updated 

Bullish divergence on the oscillators, creeping up the descending channel, and finding support on the 23.6% retrace from the "COVID Crash" low. This is the last bit of hope before we descend into true bear market territory.

BrownBearTrades

Oscillators lining up on the 4h. Exiting the Channel Again. Holding OTM SPY puts with diamond hands.

BrownBearTrades

All momentum indicators looking for a reset here. Could be good for a move down to the .382 or .5 retrace

BrownBearTrades

When everything lines up, throw money at it

BrownBearTrades

Long WISA

BrownBearTrades Updated 

Buying $208 calls for Feb 21st Short term trade, won't be holding for more than a few days.

BrownBearTrades

Bought two 130/125 put spreads for Feb 21.

BrownBearTrades

Divergence and Fibs. What else do you want to know?

BrownBearTrades

Short the banks, or whatever

BrownBearTrades

High risk:reward. Buying cheap, far out puts.

BrownBearTrades

Divergence on all oscillators at important fib levels

BrownBearTrades

NYSE:DB Entry - $7.60 Target 1 - $8.30 Target 2 - $9.65 Target 3 - $12 Stop loss - $6.79 DB is at an important Fib level as well as showing Bullish Divergence. Be aware that this is a contrarian play and a countertrend trade. However, this area has a good chance of being a medium term bottom and we might be catching a trend reversal here which can be very...

BrownBearTrades Updated 

Using a tight stop here with a wide target due to extended nature of this last impulse up and the fact that we're almost perfectly at the 1.618 extension of the last swing high -> swing low. You can tighten your stop to directly above the highest wick of this impulse as well if you want to increase the Reward:Risk Ratio. The other thing to watch is the...

BrownBearTrades Updated 

Papa gonna take it in the shorts. I forgot about this guy and this company until I saw his recent interview. -Good R:R -At important fib levels and historical resistance -I'm bearish on restaurants anyway due to slowing growth so this lines up with my forecast of this sector -I don't see a lot of demand for Papa's and if it sells of I wouldn't expect a lot of...

BrownBearTrades Updated 

The 6.3K area is an important Fib node and historical support. I'll be looking for divergence on the MACD/RSI, Positive CMF and green histogram bars on the TTM squeeze at this area. If I see those things I'll be going long with 2X leverage and letting go of half of the position at +2% and then half of the remaining position at +5%, letting the rest ride until a...

BrownBearTrades

Likely levels for BABA to float to EOY to early 2020. Based mostly on Fibonacci levels and BABA's usual volatility. I lean to the long side due mainly to the trend and CMF. I'm looking to buy calls due to the squeeze, after a pop I'll look to sell cheaper calls against it to take some profit. BABA will also begin trading in Hong Kong this week I believe. We'll...

BrownBearTrades

I think a leg to the 320 area or back down to the 303 area on the SPY are likely. Personally I have a bias towards the 320 side as we approach the anticipated completion of the US/China trade deal. Whether we actually get the deal or not is a coin flip in my opinion but I do expect the market to continue rising in anticipation. If it falls through then we will...

BrownBearTrades

Based on the divergence and slamming into a cluster of important fibonacci levels, I think a ≈5% correction is in the works. Looking for shorts at these levels and will look for longs in the boxed in area accompanied by other "buy signals".