Professional analysis and strategy, hope to help you!On the chart it's gone up 7 points in 7 weeks or 49 days. After rising for 14 days. A possible delay to June is something to consider.by Sherry-MkUpdated 0
$SPY Target near Apex.Updating Levels as we got ways to go before we see $600 AMEX:SPY return of hyper inflation will we see AMEX:SPY my high target of $640.30 or will it die off around $540.70 give or take after we reach those highs we will see pullback back down to $395 if buyers fail to step up to show support we'll be testing 2008 lows back around $285 eventually down to $200 then $86 then $24 (WW3 scenario / end of world scenario/ near default) As bears we've done our job to short squeeze it to highs as news hit about Trump wall st bought up the rumors let's see how long we'll extend the rally. Thinking we got a bit more to go before we short completely after the rate cuts come around fall time you'll see a mass sell off as banks shut down.Longby calmstrades1
$AGQ to $104Operating off of a confluence of multiple signals showing a major breakout for AMEX:AGQ , there is a simple chart wedge that at the 1.618 Fib level places us firmly @ $104 / share. - TVC:SILVER near term to hit ~$47/Oz: - TVC:SILVER long term to hit ~$205/Oz: The last time TVC:SILVER was at ~$48/Oz, AMEX:AGQ was around $740. Given the level of general macro instability, weather patterns potentially damaging critical infrastructure, increasing demands for physical TVC:SILVER for semiconductors / green engineering (solar), plus the backdrop of the weakening dollar (BRICS et. al. dumping US Treasuries), AMEX:AGQ just might follow these to factors Valhalla, if my analysis is correct. Would love to hear your thoughtsLongby httpz0
QQQ Set To Fall! SELL! My dear followers, I analysed this chart on QQQ and concluded the following: The market is trading on 451.77 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 440.08 Safe Stop Loss - 458.64 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals111
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 1
Silver Miners vs Silver SpotThis might be the explosion that will kickstart the silver stocks. This chart is showing a possible W formation that's about to break out... as well as the 25 weekly crossing the 52 weekly, which is usually pretty significant. Lastly, if it can break above the ichimoku cloud, then this ride might take off. Longby CSGold10
Short UtilitiesUtilities have risen along with a bond rally, stock market surge and AI-hype. Stock market is back near peak valuation hit in late 2021, AI-hype is fading and surge in commodities is putting a lid on bonds. XLU also firing exhaustion signals.Shortby BasedCharts0
Silver miners looking bullishThis monthly chart of the Golbal X Silver Miners looks bullish. After a decade of pullback and consolidations, silver miners seem ready to rise. We like the recent increase in volume and the bullish structure on the MACD. A break above $39 would exit the downtrend line linking the tops and would confirm the exit of this long wedge. Next resistances at $53then $94. A break below $22.50 would invalidate this view. -------------- In the context of gold and copper making new all time highs , the devaluation of currencies by countries around the world, starting with the US, and the increasing needs of silver for industrial production of alternative energies solutions, we think that silver and silver miners are due for a catch-up. Longby powerintegral0
SOXL and the sentiment cycleAMEX:SOXL setting up for a beautiful run ahead of NVDA earnings. Note the structure similar to Justin Mamis sentiment cycle.Longby Ben_1148x20
MSOS - Ascending Wedge- Downward MoveI actually would like to see MSOS move upwards. The only thing that has me worried is this ascending wedge that is pretty obvious. Classic move downwards to the .786 Fib around $6.28 range. The only thing that would catapult it up would be the reclassification to Schedule 1. I would like to see it break and test the ~$12 area. The is not trading advice, just something I happened to notice and wanted to share. by MadWicketUpdated 0
short term top in?7 points up in 7 weeks or 49 days. after going up 14 days. a move down into june is something to consider. this is not financial advise. do your own research. please dont follow my trades unless that is what you want to do. i dont want to be responsible for your success or failure. that is a heavy burden to carry which i am not ready for. my posts are intended for educational purposes to teach you how to learn to speak the language of numbers. Shortby Oppollo0
Opened (IRA): ARKK July 19th 40 Short Put... for a 1.01 credit. Comments: Adding a short put here in the vicinity of the 25 delta out in July with a break even better than what I currently have on for my covered call. (See Post Below). Will generally look to take profit at 50% max.Longby NaughtyPinesUpdated 0
Opening (IRA): BITO July 19th 30 Covered Call... for a 26.12 debit. Comments: Re-upping after closing out my longer-dated covered call (which I had rolled all the way out to December). Selling the -30 delta call against long stock here. As before, will look to roll out the short call for duration at 50% max, collect the monthly dividend along the way ... . I'll also look at selling short put, assuming I can get in on weakness and with a resulting break even better than what I currently have on.Longby NaughtyPines0
Opened (IRA): BITO April 19th 31 Covered Call... for a 27.54 debit. Comments: High IVR/IV at 97.9/81.9% and a monthly dividend to take advantage of. However, the monthly dividend has varied widely -- with the last two distributions paying .36 (February 8th) and .73 (March 8th) with an annual dividend of 8.72 (.73 average monthly) (31.7% annualized as a function of current price). I'm primarily looking to grab the April monthly here; anything additional above my break even will be gravy ... . In any event, the metrics: BPE/Break Even/Cost Basis in Shares: 27.54 Max Profit (ex. dividend): 3.46 ($346) ROC at Max: 12.56%Longby NaughtyPinesUpdated 112
3rd try at breaking through long-term resistanceGold is showing a classic long-term cup and handle period. Spent about 7 years in the "cup" (long shakeout period from the bubble that had formed after the last financial crisis followed by an eventual rally to previous all-time high). It has spent over 2 years now in the "handle" (period of consolidation giving the appearance that price can't break through the previous all-time high). After a recent shakeout and false breakdown from the handle pattern, it looks like it wants to test the all-time high again and this time there's a major catalyst (flight to safety due to all the uncertainty recently with the banks and the potential for yet another financial crisis). Due to that, I don't think you need to wait for a breakout of the all-time highs around $195 in GLD but that would be a safer entry (a monthly close above that level). Of course another shakeout from that level could follow because if I have picked up on this potential trade, then many others likely have also. Anyway, I am just speculating and not a financial advisor, if you decide to follow this please trade at your own risk and diversify (this trade won't break the bank for me personally if it doesn't work out and it shouldn't for you either).Longby PatientContrarianUpdated 1
Opening (IRA): SMH July 19th 205/215/275/285 IC... for a 2.17 credit. Comments: An additive delta adjustment to the current SMH IC I have on. (See Post Below). With the original setup's short call aspect converging on -25 delta and the short put converging on +10, selling a skewed IC with the oppositionally delta'd short call/short put (i.e., at the +25 short put and the -10 delta short call) to bring back the position back to net delta flat with 63 days until expiry. 4.40 total credits collected with a current delta/theta of 1.02/5.81. by NaughtyPines0
Opening (IRA): BITO June 21st 24 Short Put... for a 1.82 credit. Comments: Adding a short put on weakness here to my covered call, which I'm sticking in with to grab the monthly divvy. I'm okay with being assigned additional shares, since the break even of the June 24 is below the cost basis of what I currently have on. Otherwise, I'm perfectly fine with doing my usual take profit at 50% of max. Metrics: Buying Power Effect/Break Even: 22.18 Max Profit: 1.82 ($182) ROC as a Function of Buying Power Effect: 8.21% ROC at 50% Max: 4.10%Longby NaughtyPinesUpdated 0
SPY and indices could be at a location for shortI have been waiting for a few things to play out before even dreaming of posting the idea of a short. But we are at a spot I will be seeing how it plays out and it may not fully trigger till next week, but figured give you heads up.Shortby alleytraderUpdated 0
EEM before the collapse downNow the growth can end at any moment and then there will be a fall down to the level of 2009. It could be head and shouldersShortby zerosee20
TBT Inverse Treasuries ( Long Dates ) LONGTBT is shown here on a weekly chart. It transitioned froma downtrend into the present trend up two years ago with the initiation of the rate hikes to cut down inflation by hitting its knees. Inflation was the direct result of the money printing and stimulus as part of the federal response to the complications of covid and lockdowns. Price is now ascending in a broadening channel ( a megaphone pattern) reflecting increasing volatility as federal action or inaction gets priced into buying decisions at treasury auctions. As for me, i will continue to build a TBT position until it is obvious that the fed has launched an active agenda of rate cuts which will fortify T-bill prices and make TLT the new runner.Longby AwesomeAvaniUpdated 2
TBT is a buy rate cuts likely are stalled LONGTBT is an inverse 20 year Treasury Bill ETF. At present, the Iran Israeli conflict threatens a regional conflict to include the Red Sea and the Easter Mediterranean where oil tankers must navigate to move oil from producer to consumer. Oil price escalation could go hand and hand with geopolitical escalations. Oil and its derivatives are a primary driver of inflation in the US. Inflation has been sticky and forcing the fed's ambitions to cut rate to be paused. The Middle East escalation may make matters worse overall. Federal spending ( aid to Israel for instance) is also a driver of inflation. The budget fight in DC is front and center. I see this as good cause, to continue to take adds to my TBT position whenever I can find a dip worth the discount as a further hedge against a correction in the equities markets which could come on the horizon. Granted a dip of 2-3% from the ATHs is not much but when it hits 10% or more and the VIX/UXXY continue to rise, there will be impetus in a hurry to hedge positions or close them with more urgency. For for TBT, I believe that more is better.Longby AwesomeAvaniUpdated 2
Qs above the lineMeasured move into new ATHs in anticipation of NVDA earnings next week - end of month. Above the midpoint of channel (month). Week view.Longby mommymiles0
Is this a crab on SPYIs this a #crab on the high #SPY time. Coincides with an interesting fib level on the fib channel. I see the 175 show its head randomly.Shortby HotsauceShoTYME0