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 […]
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 […]
XLE at Support with a Hammer
Hi Shoppers, The Energy Select Sector (Ticker: XLE) is sitting on a support level that is also coinciding with the 200 day moving average: It also created a hammer yesterday. A hammer is found at the bottom of a down trend and could be signaling a change in that trend. I will wait for a […]
WMT Ready for a Reversal
Hi Shoppers, Yesterday, Walmart (Ticker: WMT) formed a bearish engulfing candle which is a candle that signals a change in trend. This candle is found at the top of an uptrend and completely engulfs the previous day’s candle. It shows the longs selling their position and shorts coming in to sell. WMT has resistance at […]
MARA to $14
Hi Shoppers, Bitcoin (TIcker: BTCUSD) has taken off! I think it is going to trade as high as $32,300 in the near term. Which I think will take Marathon Digital Holdings (TIcker: MARA) up to $14: Looking at the calls, I like the Apr28 expiration: Perhaps the 11.50/14 call vertical around $.70. I like that […]
Another Reversal for MU?
Hi Shoppers, Micron Technology (Ticker: MU) is once again bumping up against a major resistance level at $64: Looking more closely, yesterday’s candle could be a doji signaling a change in trend. In this case, lower: Watch for the confirmation this morning for MU to trade lower before hopping into some puts. If MU happens […]
Where Is Crude Going?
Hi Shoppers, Crude oil futures have had a breakaway gap: The futures have maintained this price level for four days now and the general rule is that it will continue higher. My next level of resistance comes in at $86.50. Thanks for Reading … See You Next Tuesday, Licia Leslie
An Options Lesson
Hi Shoppers, Just a quick lesson/reminder on your option synthetics. Options synthetics involve combining two of the three (calls, puts and stock) to synthetically create the third. Having this list below committed to memory will help make you a better trader Here they are … Long stock = long call + short put Short […]