Calls in WMT, Perhaps?
Hi Shoppers, I am thinking maybe calls in Walmart (Ticker: WMT) could be in order. Check out the chart: Yesterday created a doji right at my support level which coincides with the 50 day moving average creating even more support. As always, wait for the confirmation this morning. You want to see WMT trade higher […]
Look For a GOOGL Reversal
Hi Shoppers, Alphabet Class A (Ticker: GOOGL) has had a huge rally trading up from $109 to just shy of $126 in eight trading days. That’s pretty quick. Check it out on the chart: Friday’s action created a shooting star which may be signaling a change in this uptrend. I think GOOGL could pullback to […]
Can We Rally From Here?
Hey Shoppers, Wow! What a rally! It felt like such a huge rally because intraday they tested all the weak hands. The S&P 500 (Ticker: SPX) was up $45 before it sold off to up only $4.00, then proceeded to take off for the rest of the day closing up $39. If you were in […]
NEM Looking Lower
Hi Shoppers, Check out the chart in Newmont Mining (Ticker: NEM): It has closed below both the 50 day moving average (yellow line) and the 200 day moving average (turquoise line). I think it will trade down to that support level just above $41. Looking at the puts, I like next week’s 45 puts: Use […]
SQQQ Calls
Hi Shoppers, The cup and handle in the Invesco QQQ Trust (Ticker: QQQ) has pretty much been played out. Although it did not reach the exact high of $334, it came pretty close trading a high of $327 on Friday. Taking a closer look at the candles, it is quite possible QQQ is ready for […]
Puts in BITO?
Hi Shoppers, I think a head a shoulders formation has been created in Bitcoin (Ticker: BTCUSD): The left shoulder may be a bit sloppy but, I have the neckline coming in right at $27,000. BTCUSD has just closed and began trading for Friday just below the neckline. Not enough of a move away to convince […]
Time to Go Long AMZN
Hi Shoppers, Check out the chart in Amazon (Ticker: AMZN): Do you see what I see? AMZN just barely squeaked a close above the 200 day moving average. It is also holding my upward trend line while getting ready to trade in that wide open thin zone. If AMZN holds $106, your stop loss area, […]
MSFT & AAPL Bull Flagging
Hi Shoppers, They sold off the overall market yesterday ahead of the Fed’s announcement today. There are two stocks that are setting up a bullish pattern. First one is Microsoft (Ticker: MSFT) with a bull flag: MSFT made a breakaway gap on the earnings announcement and has managed to stay at this level. It is […]
A Good Habit For All Traders
Hi Shoppers, As an options trader, I am sure you are keeping a trading log. If you are not, shame on you and you better start immediately. This is your journal to keep notes on everything about each trade strategy you deploy. You record the actual trade, date of entry and exit with the stock […]
AAPL Cup & Handle Realized
Hi Shoppers, Earnings are out and AAPL has pretty much completed the cup and handle pattern. Check it out: Remember the cup and handle formation is bullish. Once the stock trades over the rim, which will be resistance, it will trade at least the distance of the handle higher or the distance of the entire […]