SPX into monthly resistance. NVDA carrying the market as other semis lag. Oil reversing off support...trying to breakout of falling wedge. Yields quietly moving over the CPI dump last week. over 55% of the S&P500 companies trading below the 50day.
AMEX:TAN ETF looks like it has started a nice move. I got in on this one May 9th as it broke above the downtrend line for the second time since the gap up May 3rd. It came close to stopping me out on May 21st, but it held above my stop. I was rewarded on May 22nd with a massive volume surge, due in part by the big move on $FSLR. It looks to me to be at an area...
NASDAQ:CSLR I have been long this for about 2 weeks adding along the way. This is a complete turn around play as there is a new CEO, COO and management team appointed. They have managed to renegotiated debt structure, most for equity swaps. This is one of my rare situations that I have not set a stop as this could be a wild ride. So far, on average I'm up over...
Markets Sold off: IWM (Small caps) underperformed. Most commodities hit on the downside: Gold, Silver, Copper, Oil Natural Gas surging & squeezing NVDA pumping on earnings: Our SOXL calls will print. SemiConductors i'll be trading tomorrow. NASDAQ:ON , NASDAQ:SMCI , NASDAQ:ARM
NASDAQ:TSLA I had an alert set on the Area of Resistance Line on this chart. It triggered this morning and I have taken a ½ size position in anticipation of that becoming support. I do not know if it will play out that way so I have a stop under the 50 DMA (red) which would a 4% position risk. Should it move up and over the resistance area I will look to add. All...
NASDAQ:PYPL Clearly seems to have a lid on the upper end near $68. However, looking at the chart we have a series of Higher Lows beginning in February. There is a good chance that it will have a move to retest the $68 area. All TBD. I have an alert set just over yesterday’s high of $64.43. Should that trigger, I will open a position with a very tight stop just...
AMEX:XBI Firstly, I may have an unhealthy attraction to this ETF. I have been in and out of this ETF a number of times over the last few months and overall, just a few $ profit. Having said that this has been basing Since January 2022. The longer the base the bigger the break, or so the Wall Street Axiom goes. It did breakout in February 2024 and quickly failed...
RIG monthly back-tests, high probability using game theory (and macro/b-cycle). Price action following.. Self explanatory.
NASDAQ:TSLA I have taken a full sized long position pre-market on CPI news coming in at to under expectations. I like that it has regained all major moving averages, and this gives me a very good risk reward entry. My stop will be below yesterday’s low of $174. It is even possible that I may close it out before that if it starts dropping today. All TBD. See...
... for a 2.33 credit. Comments: Targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. (This is actually at the 18 delta, but it was either the 190 or the 185 where I wanted to pitch my tent from a delta standpoint). Starting to slowly deploy third quarter rungs...
Comments: Going ahead and rounding out Q3 rungs here with IVR at 82.7. September 20th 160: filled for a 1.99 credit October 18th 150: filled for a 1.61 credit Will look to manage shorter duration rungs as I come to them ... .
We now have the right shoulder of a large head n shoulder top in IWM we could now see the next move under 191 best of trades WAVETIMER stagflation anyone !!!!
NASDAQ:FSLR I have been watching FSLR since Feb 27th earnings. It has been whipping around in a range but in doing so it has managed to keep putting in Higher Lows. The pure definition of an uptrend. They reported earnings again on May 1st and beat expectations. Their guidance was simply in line with future estimates. However, they have gotten several upgrades to...
AMEX:XBI I put this trade on yesterday morning as it broke above the short term downtrend line. However, I closed it near the end of day as the whole market was giving up its gains. (I did make a small profit). I am now back in it again as it regains the 20 EMA (green). My stop is just below today’s low which also corresponds with the 20 EMA. It looks like...
... for a 1.78 credit. Comments: Starting to round out my Q3 rungs here on weakness and higher IV, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Already have June and July rungs on, so going out to August here.
Comments: Added at strikes better than what I currently have on in weakness, targeting the <16 delta strikes in the respective expiries paying around 1% of the strike price in credit to emulate dollar cost averaging into the small cap ETF. June 21st 182: Filled for 1.89 July 19th 180: Filled for 2.22 I also briefly looked at QQQ and SPY, but couldn't get in at...
Comments: Targeting the <16 delta strikes paying around 1% of the strike price in credit to emulate dollar cost averaging into the small caps ETF. Adding here on weakness, better strikes than what I currently have on in those expires. Filled the June 21st for a 1.75 credit; the July 21st 170 for 1.76.
... for a 1.87 credit. Comments: Targeting the <16 delta strike in the shortest duration that pays around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. The ROC %-age isn't tremendously sexy here, so primarily doing this to keep theta on and burning while I work shorter duration, higher IV underlyings (e.g., SMH, XBI,...