Could go either way here, but i am swaying to the short side more than long! I will come back to this Monday Target 59-58.30 area Edit to add: I love this VPVR Indicator. Great visual
RSI says oversold but everything else says it has further downside to come. Might not last long but for now I am short. 14th Candle cleared it of is vital MAs and it's probably got more room to slip. To the upside it could test 68 again and bring RSI up to 50 again before the trend continues. We will see if it gets rejected from here on Monday
Gold prices have been volatile, flucuating between $1,275 and $1,220 as markets remain indecisive on what stance to take: is the Federal Reserve going to continue hiking assuming the economy will "gradually improve," or with traders continue to look for safer locations to place there cash? According to recent capital flow data, the GLD has seen redemption as...
Spy Weeklys In the Money,At the Money or Out of the Money? What strike price is the best to trade for max bang for the buck? First you have to get the direction right and assuming you did that next you have to decide which strike price is the best to play for max profit in a short time period. Attached is a chart that shows the SPY trades we followed over 2 weeks...
There are numerous opportunities every month to profit from the swings in the minute charts if you can find those trading entry and exit points. If you know if you are looking at a top or bottom of a swing you greatly increase the odds you are trading in the right direction and knowing when you at the other end of your trade can help you maximize you...
These work better than the standard Bollinger Bands for setting extreme ranges. What I use these for is to use an oscillator to find an buy / sell signal then take that to the H L Bollinger bands and mark the spot. Most of the time, you will find that the price does not exceed this spot for the duration (length) of the H L Bollinger bands. This makes them...
I want to start this year with a market I have been watching closely recently, and for good reason. The HYG, which is the most liquid high yield corporate bond exchange traded fund, has taken a beating over the past few months and looks ready to make another move lower. Not only is this trade attractive from a technical perspective, but the fundamentals are on...
CVX has made a strong bullish moved from it low about 102.36 close on 1/30/14 There has been a strong gap and is trading above 10 20 and 50 EMA , and just closed above the 100 SMA. The gap at 107.37 should offer a strong support for a BPS 107/106 EXp 2/27 for .11 or 3/6 for .16. Should your want to own the shares a 101 put sale will bring in .65 approx.
What makes anyone think this time is "different." The SPX decoupled from high yield credit (HYG) in 2013 for the first time since 2007. The onslaught of poor US economic data will continue to weigh on equities regardless of the desperation to hold onto the feel good story of growth. I expect a 20 percent pullback to the 200-week EMA at 1,810.
BestBuy has been consolidating since the beginning of July. Earnings are due tomorrow before the opening, and our IV% is at 56%, so I am looking for a play here to collect a credit. Historically looking at BBY we can see usually see a slightly bullish move after earnings (EPS, which is usually beating estimates). Because of this, and being at the top of this...