How to Play Pullback in NVDA
Hi Shoppers, I have a great inexpensive way to play Nvidia Corp (Ticker: NVDA) to the downside. It’s called AXS 1.25x NVDA Bear Daily ETF (Ticker: NVDS). NVDS is much cheaper because it trades at $9.00. Looking at the calls, I like the Jun16 expiration: The 10 calls with 17 days left are only $.30. […]
Let’s Take a Look at NVDA
Hi Shoppers, Nvidia Corp (Ticker: NVDA)!! Wow! After the earnings report, the stock gapped up $79.85! That is huge. That is called a breakaway gap. There are several kinds of gaps a stock can make. The breakaway gap is a significant move away from the last closing price leaving a large price range where no […]
Watch For a KO Bounce
Hi Shoppers, Looks like a really nice doji has formed Thursday in Coca Cola (Ticker: KO): The low of the day traded right down to my support level at $60. Remember a doji can signal a change in trend and KO has been in a super quick down trend since May 15th with nine consecutive […]
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, […]