TroutHouse

TroutHouse

We're just super bearish at this point and are looking at VZ as our next victim. Short term drop down to peak COVID levels. Panic is sinking in and these in-person stores will be the first to go. With Apple already closing stores in hotspots around the country, would Verizon follow suit? We're also at our support and thus could bounce back up.

TroutHouse

We got into a short on NASDAQ:ADP . 140 is our next major support. Breaking that would mean we'll add to our position and will ride to 135-130 range.

TroutHouse

I feel like anyone who's watched wrestling at any point prior to now would agree that it's far from what it once was. The glory days of Hulkamania and Jabronies and Basic Thuganomics are no more. Maybe they can rekindle the desire to watch but with the internet being so honest about how fake it is, I'm not sure that will happen. Also, young people would rather...

TroutHouse

62.36 is the support from 5/26. If it drops past there isn't much support until 60. We've opened a short to play this gap. The sell volume has also been decent these past few weeks which makes confident the decline is sustainable.

TroutHouse

Nothing new with the long-term mindset. Our calls back in the beginning of the month have come quite far. Look for CRM to dip down to the 180 support. We've got a trend line dating back to March 16 that should help us gauge if a new trend is forming. We're at ATH so wouldn't be surprised if it does break the trend line and hover in the 180 to 195 area....

TroutHouse

There have been quite a lot of red over the past few weeks. This thing seems to be jumping based on news and optimism. With Mr. Powell stating that we may be in for a long recovery, has this increase in price been justifiable? This is going to come down to how states handle surge in cases. Will there be more restrictions? What parts of the country? What about...

TroutHouse

We got into NYSE:CMG yesterday before the big swing up. Our gains have gone down today but we're still bullish over the next few weeks as a lot of signs we're in a bullish trend. Good volume on buy days makes us confident it's sustainable. We'll look to take profits around 1100-1150.

TroutHouse

Currently trading below $14 support, albeit slightly. If there is a second wave and people stop traveling again, we could see airlines take a bit hit. Nothing you're unaware of. We're banking on the uptick in the beginning of June was just a pull-back for our bigger downtrend. A short was entered and we'll look to collect premiums at $12.

TroutHouse

Retail sales are up but how will COVID affect stores? A few employees testing positive is enough to shut down an entire store. Betting that COVID cases upticks will make some people hesitant to go shopping. We're also at ATH so playing the pullback as well. Lastly, if this does fall, look for the 6/15-6/16 gap to fill.

TroutHouse

You can see there isn't much support past 122 for this puppy. We've entered a short position for over the weekend. It's tested the 200-MA and wasn't able to hold going into the weekend. Weak hands will drop us further. Looking to collect on premiums.

TroutHouse

We were previously optimistic about NYSE:TGT and managed to get out at a break-even point. If it drops below 114 we're gonna' look to enter into a short. That would take us to 106 as next support.

TroutHouse

We'll turn a little bullish if this passes 960 and a little more at 975. Until then, they're just lower-highs. Still a lot of hype for low sales.

TroutHouse

Hola, Back at it again with NYSE:FDX . Forgot to update the last idea but we took profits on 6/11. It hit 132 like we thought! We've got an alert at 127.5 at which point we'll start looking to enter a trade. If that happens, we see it dropping to 120.

TroutHouse

This 6/8-6/9 support stands no chance. This baby is heading back down to 915 with sub-900 being out first real support.

TroutHouse

Show me the support lines for NASDAQ:LULU cause we don't believe they exist until 280 (maybe). If that breaks cleanly we're dropping to 260.

TroutHouse

NASDAQ:DKNG is great and the gamblers I know swing between this and FanDuel. Since US sports are returning gamblers will no longer have to bet on Korean baseball (although they've gained some loyal fans). They'll return back to their normal bookies and this hype will drop. Just grabbed some PUTS and will watch this drop down to low 30s - high 20s . That...

TroutHouse

If NASDAQ:TSLA drops below 970 it's going back down to 950. We've doubled down and locked in some plays for a 6/19 put. Good luck!

TroutHouse

Hola, Looks like we'll be battling NYSE:COF around 66-70 for a bit. If it drops past 63 cleanly look for 60 drop. But, if she climbs back above 70 then we're gonna open a call. Potential for a bigger gain if she drops to 64 and then shoots up past 70.