Hi Shoppers, Quantumscape (Ticker: QS) may have formed a trend-changing doji yesterday: I am seeing a great support level at $7.62, which you can use as your stop loss, meaning if the stock trades below that level bail on your long calls. Take your loss. Looking at the calls, I like the Nov18 8 calls:…

Hi Shoppers, Many of you may be Option Shoppers – that’s what I call members of my Option Shopper program – already. But for those of you who aren’t, I’m hosting an Open House this week! That’s right, we are inviting anyone who would like to take a peek at our members-only live sessions in…

Hi Shoppers, With this midterm election coming up, all I am hearing is the term “suburban housewife.” I am not so sure I like that term or to be generalized in such a way. Do I live in the suburbs? Yes. (Well, until about a month ago.) But as a city-dweller it was my biggest…

Hi Shoppers, Well, it is finally here. Today is the day of the Fed Meeting or the Federal Open Market Committee – FOMC – meeting. How much is the rate hike going to be? We all know they are raising rates, and the consensus seems to be a .75 bps. Now there is so much…

Hi Shoppers, Wow! What a rally! Right? Check out the trading range on the E-mini S&P Futures (Ticker: ES) from Thursday night to Friday: Once the Amazon earnings were released at 3:25 p.m. ET, ES sank down to $3,757 but recovered by 6 p.m. back to $3,800. Then, by Friday morning, we opened higher at…

Hi Shoppers, Here is the Delta Airlines (TIcker: DAL) with a possible shooting star: I am also seeing resistance just above yesterday’s high at $35.70. It goes back to that previous high AND coincides with the 200 day moving average. I will watch for DAL to open and trade lower, and look to buy next…