A Beautiful Hammer in ENPH
BY LICIA LESLIE April 26, 2024 Hi Shoppers, Thursday’s price action has created a beautiful hammer in Enphase Energy (Ticker: ENPH) and finally closed the gap created after the last earning report on Feb07. Check it out: As you will recall, a hammer signals a possible change in trend. The stock also […]
CELH Bouncing
BY LICIA LESLIE April 24, 2024 Hi Shoppers, Celsius Holding (TIcker: CELH) is bouncing off support here: And Monday’s action created a doji candle indicating a change in this downtrend. Yesterday the stock traded higher providing confirmation. The stock can trade back up to the 50 day moving average at $78.69. […]
CLSK Bounce
BY LICIA LESLIE April 21, 2024 Hi Shoppers, I wrote about options on the new Bitcoin ETFs and that I was bullish Bitcoin (Ticker: BTCUSD), you can read it here. I am also bullish CleanSpark (Ticker: CLSK), a Bitcoin mining company. Here’s the chart: It has bounced off the lower end of […]
S&P 500 Support
BY LICIA LESLIE April 19, 2024 Hi Shoppers, I am seeing support in the S&P 500 (Ticker: SPX) just below here: We closed yesterday right on my red median line of the pitchfork which is a support level. The blue line just below comes in at $4983.56 and provides support as it is the […]
Got a Handle on Your Gamma?
BY LICIA LESLIE April 14, 2024 Hi Shoppers, We last talked about an option’s delta. You know, the option “Greek” that shows the anticipated change in the option price for a $1 move in the underlying. Also thought of as a hedge ratio for the option, or the percentage chance the option will […]
What’s Your Delta?
BY LICIA LESLIE April 12, 2024 Hi Shoppers, I am pretty sure you are familiar with the term “delta” related to options. This is just a little refresher. Theoretically, all things being equal, an option’s delta is how much the option’s price moves as the stock moves. A 50-delta call moves […]
Doji in CLSK
BY LICIA LESLIE April 10, 2024 Hi Shoppers, There is a possible doji in Clearspark (Ticker: CLSK). I say possible because, as always, we need to wait for the confirmation today. That confirmation will be CLSK opening and trading higher for the first hour or two this morning. Here’s the chart: […]
SPX Support Held
BY LICIA LESLIE April 7, 2024 Hi Shoppers, After that selling frenzy on Thursday, the bulls have regained control. That support level I showed you in S&P 500 (Ticker: SPX) held and we rallied. Friday’s action created an inside day called a Harami candle. Harami means pregnant in Japanese. This […]
SPX Support
BY LICIA LESLIE April 5, 2024 Hi Shoppers, That was quite the reversal yesterday. Let’s take a look at the chart: SPX closed just below my support level on the pitchfork which came in at $5162. Now remember that level today, right around $5165, because if we get any kind of rally, […]
URA Ready to Takeoff
BY LICIA LESLIE April 3, 2024 Hi Shoppers, Global X Uranium ETF (Ticker: URA) has had a nice rally which we at Option Shopper had a 63% winner riding it higher. The stock has now closed above the first resistance level of my pitchfork and is ready to take its next leg higher: […]