The rotation from Tech to Oils has begunI've been suggesting this for a while but the accelerator has been pressed hard today. rotation out of tech (XLK) into oils (XLE). Has a lot of room to run.Longby WVS_Stockscreen0
Opening (IRA): TQQQ July 19th 58 Monied Covered Call... for a 55.95 debit. Comments: Going monied here, selling the -75 call against stock to emulate a 25 delta short put metrics while having built-in intraexpiry defense via the short call. More patient people will probably wait for weakness ... . I'll generally look to roll out the short call on test or at 50% max/take profit on the entire setup as a unit at 50% of max. Metrics: Buying Power Effect/Break Even: 55.95 Max Profit: 2.05 ($205) ROC at Max: 3.66% ROC at 50% Max: 1.83%Longby NaughtyPinesUpdated 1
SPY bigger pictureI am going slowly short. SPY should make another leg down this week. Level of interest is 475-470 Lets see what Wednesday will bring, until then we should stay flat. From the lows of 470, we shall do the usual election run. target 548? Ill be updating this idea. by abigreenUpdated 232335
Opening (IRA): ARKK July 19th 41 Monied Covered Call... for a 39.64 debit. Comments: After taking off my 44 monied for a small profit, re-upping with a setup in the same expiry, but with a better break even. Selling the -75 call against a one lot of stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Metrics: Buying Power Effect/Break Even: 39.64 Max Profit: 1.36 ROC at Max: 3.43% ROC at 50% Max: 1.72% Will generally look to take profit at 50% max.Longby NaughtyPinesUpdated 1
HydrogenHYDR has not broken out yet, but it’s threatening to do so, and I think it’s clear based on the preponderance of evidence that Hydrogen sector has bommomed.Longby Shammus010
Hydrogen ETFs breaking outYet another hydrogen etf that is breaking out of the “bear fib channel”. These sector etf’s originated at a recent localized peak in PLUG. All they have done so far is come down. Nobody knows what will happen, or how the prices will move when the sector sees real inflow for the first time. The governments are out there spewing hydrogen right now, and the ETFs are looking bottomy, and the stocks, although battered, are also looking bottomy.Longby Shammus010
Opening (IRA): TQQQ July 19th 53 Short Put... for a 1.77 credit. Comments: Adding a short put element to my TQQQ covered call on weakness.Longby NaughtyPines0
Opening (IRA): ARKK July 19th 39 Short Put... for a .77 credit. Comments: Adding a short put element to my ARKK covered call position on weakness.Longby NaughtyPines0
QQQ - Wave 5 underwayY'all gonna get rekt shorting this. Wave 5 underway. Might get another dip the next few weeks and then off to the moon. Targets based on various EW counts.Longby fb82Updated 9916
Volume will be all selling on SPYVolume has been so low as traders look for a new all time high, but big money is about to pull the plug. Going into the weekend ted as a baboon's butt. Shortby SPY_Trader0
SPY evening star setupFor those of you who understand candlestick patterns, this is not news to you. The weekly SPY is setting up an evening star formation. It's a bearish setup on a weekly chart. More importantly, it should be noted as a false breakout (if we close near current levels)Shortby ForexAnalytixPipczar2
SPY Red Alert below 524.61 we need to look downWe have a Demark 13 weekly exhaustion count, 5th wave 1.0 extension on EW, negative divergence on the weekly MACD and failed breakout, if we don't close above 524.61 for the week then the market looks in troubleby bcjsin20200
UVXY 15min ScalpSPX will decrease in price from June 3->June 10/11. Were you aware? Now you are. What can you do? This is one option to make money while market declines short term. The investment seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the performance of the S&P 500 VIX Short-Term Futures Index for a single day. The index seeks to offer exposure to market volatility through publicly traded futures markets and is designed to measure the implied volatility of the S&P 500 over 30 days in the future.Longby TheCryptoChartWhisperer2
GBTC BarsGrayscale is following similar bar pattern fractal as previous 2 cycles and hitting resistance on major macro trendlines coming off the previous ATH. Nice steady uptrend since beginning of 2023Longby CBKWahooUpdated 9
$SPY - It can get ugly unless...If AMEX:SPY fails to bounce from here and breaks below $522 - $520 area, things will get ugly real quick! The members of the Fed are becoming sports commentators, narrating every move in the macro data and causing havoc in the market. Potential downside targets: $515 $498 $475Shortby PaperBozz1
3 men make a tiger - the power of beliefRead this interesting story here :https://www.shine.cn/feature/art-culture/2306162717/ Our mind is constantly bombarded with news, false information, fake news, rumours, gossips,etc everyday. Our attention span is decreasing by the seconds each day upon receiving a piece of news. We are too scattered and deplete our energy over many useless stuff that steal our attention, energy and adds no value to our lives. The good news is - we can control it. Make a conscious choice today in deciding what you want to read. For example, if you are like me, invested in Amazon, Meta, Apple, etc then corporate news about them may be of interest to you. This is my first priority so any companies that I am not vested in , I usually skipped them. Then, macroeconomic news for which I am personally interested in, I would spend some time to read and understand from various sources. Charts took a big junk of my time as I like to analyse their historical patterns and map out their strategy based on current happenings. For example, I loaded more to ride on the AI wave with the tech companies (ie increasing my shares) and apportioned less to other sectors (healthcare, financial, etc). I also spend time alone with myself - going for walks, run or swim. This me time is important as it helps to declutter my mind and push away stuff that are of less priority. Once you are married , have a family and kids , time management becomes more crucial as you need to take into consideration of your partner's needs as well. Housework, running errands etc will come when you least expect it. Thus, I have to be disciplined like keeping to 1 hour for swimming using my Apple watch to track. With fewer material needs to fulfil, all these advertisements in the malls, discounts on or offline does not sway me into a frenzy state that perhaps other may be. Keep your life simple. Oh, I also like gardening and that is a mental retreat for me daily. Pruning the plants, propagate new shoots, adding fertilizer, taking pictures of the flowers help me to stay closer to nature and most importantly the unnecessary lure towards online activities . Believe in your long term goal of achieving financial independence. Spend time imagining what kind of lifestyle would you be having, making the scene as vivid as possible. Revisit them often as if they are in the present and do not let your present circumstances influence you in any way. I have use this successfully to quit smoking, learn swimming, investing and many others. The process may seems slow initially but it will heighten your mental alertness to a new level , clearing your mind from the woods of the jungle. You will gain clarity as you invest more time , quality time in your goals. Write them down is POWERFUL and see them each night before you sleep. Keep it short and positive. All that you behold, it seems without, it is within your imagination Of which this world of mortality is but a shadow - William BlakeLongby dchua1969Updated 3
TAN Monthly ForecastLongterm position taken in TAN solar ETF. Immediate structural resistance near 47. Major resistance at 50-618 fib extension from ATH. Any break and close of Hagopian line will threaten longer term count.Longby AvenueWorkUpdated 3329
$SPY May 31, 2024AMEX:SPY May 31, 2024 60 Minutes. As expected, 522 was achieved. 21 ema of daily done. In Both daily and 60 minutes the bar making ATH is the issue. It had close near low of bar. Hence long for higher target is only above 533.5 levels with close near top of bar. Yesterday i had shared A, B And C. And said B and C was important for the day. Today i will consider A the rise from 499.55 to 533. We can see in daily the rise was swift. Thats being corrected now. I expect AMEX:SPY to consolidate around 516 - 517 levels before next uptrend as long as 488-492 is held on any retrace. Now for the day in 15 minutes we have oscillator divergence. AMEX:SPY making LL but not supported by Oscillator. Considering the fall 529.9 to 521.34 a retrace to 526.5 is possible being 61.8% retracement and 10 averages too. So today contra trade could be a buy around 522 - 522.5 levels for 525 - 526 as target or sell 525-526 for 518-519 levels.Shortby RiderTrader223
UNG Natural Gas ETF now rising from its reversal LONG (XNGUSD )UNG on a 120-minute chart has reversed from a long trend down which started in mid -January. This was a steep trend down from the start into mid- March where the trend angle lessened in a period of relative consolidation until May 1st where the reversal occurred. This is a falling wedge breakout with the trendlines of the wedge in thick red and thick green for resistance and support respectively. The VWAP band lines have been downsloping. Price is breaking through the lower band lines and heading toward the mean anchored VWAP line. Price is now above a EMA 100 Keltner Channel which is now trending up. I will take long trades here of both shares and call options. The targets are marked with black horizontal lines from pivots in Jnauary. The are in the levels of 21 and 26 for now. I would not be surprised if UNG moves up and targets the highs of last October at 30 in the upcoming months. Many utility companies this summer will be burning gas to generate electricity needed for air conditioning and demand should be rising. Longby AwesomeAvaniUpdated 4
SQQQ leveraged inverse QQQ LongSQQQ on the 15 minute chart has trended down into a reversal at the end of the last trading session. A snapshot of the 3 minute chart inlaid shows a reversal about 14:45 EDT 75 minutes before market close. I took a long trade of shares and call options striking $10.00 for June 14th at that point. I am expecting a 5% quick return on the shares and far more on the options. The relative volatility indictor is helpful to further pinpoint the reversal for best entry. (red to green) The set of Hull Moving Averages ( 14 and 35) also serves to signal "death" and "golden" crosses which serve to further aid trade entry accuracy. The relative volume indicator ( of veryfid) also helps in that regard. It has extreme volume spikes in black. OF particular interest, the last 15 minutes of the trading week has a volume spike of buying in SQQQ. This comforts me to know that other traders saw what I saw. I am fortunate that I saw it about 45 minutes before them and got a better price. This demonstrates the value of indicators and knowing how to apply and interpret them. Trading is not as complicated as the pundits and the fee for services and trading room coaches will have you to believe to make you financially dependent on their "guidance and assistance".Longby AwesomeAvaniUpdated 114
MAY 30 MEMBERS DAILY ANALYSISMega cap tech saw massive selling. MSFT & NVDA hit hard today. Cloud based stocks under pressure. Small caps ripping! Natural Gas collapse...Profits secured! KOLD Weak GDP & Housing data send yields lower. 19:35by Trading-Capital112
$SPY update 5%+ correction then retest of highsOriginally I was thinking that we'd see a move to the $480 support after testing the highs, however, because we haven't fallen yet, the chart no longer supports that view. Instead, I think the most likely scenario is that we fall on or after Wednesday 5/29 back to the low $500 area, then we go back to test the highs at $530. The retest of $530, will setup the lower high which will start the bear market. So basically there's one more chance to buy the dip in the low $500s, ride that back to the highs, and then you'll want to be a seller from July onwards. Let's see how it plays out.by benjihyamUpdated 4414