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Opening (IRA): TQQQ March 21st 69 Covered Call... for a 65.42 debit. Comments: High IV + weakness. Selling the -75 call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 65.42 Max Profit: 3.58 ROC at Max: 5.47% 50% Max: 1.79 ROC at 50% Max: 2.74% Will generally look to take profit at 50% max, add at intervals (assuming I can get in at a break even better than what I currently have on), and/or roll out the short call in the event take profit is not hit.
NASDAQ:TQQQLong
by NaughtyPines
Russell 2000 $IWM Trending UP versus Nasdaq $QQQ Here is a ratio chart of the Russell 2000 Index etf called AMEX:IWM and the Nasdaq Composite Index etf called $QQQ. The NASDAQ:QQQ returns over the past 7+ years have been extraordinary while the AMEX:IWM has been stagnant at best and hasn't beaten inflation. That ratio of performance has just turned in a way that suggests the AMEX:IWM will outperform the NASDAQ:QQQ for the next 11 weeks to the tune of 10%. The ratio has already moved up last week by 4% of the 10%, so there is only another 6% to go for this signal. If there are any pullbacks of 1%-2%, those would be lower risk entries as the distance to the "stop" level at 0.45 vs 0.4704 last would be less. The target is 0.51 vs 0.4704 last. So follow this ratio for the next 10 weeks and see if even more relative outperformance happens. Over the next few years, it is possible for AMEX:IWM to do 50% better than $QQQ. We would need lower oil prices and lower interest rates and some rational pricing in the big tech names that are over $10 trillion dollars now for 3 companies: NASDAQ:NVDA , NASDAQ:MSFT and $AAPL.
AMEX:IWMLong
by timwest
1
$UVXY above $30, brings $60+CBOE:UVXY has two big hurdles it needs to make it over before it can see higher prices. 1. It needs to get over the 200DMA (light blue line) 2. It needs to get over $30 As you can see, price has been consolidating in a channel since the August spike and IMO is almost ready for a big move. I think this move will likely take place the second half of February and potentially into March. I'll be looking at buying call options for 3/7 expiration, or 3/21 is even safer. I think the move is likely to hit the $71 level on the chart, and could potentially go as high as the top resistance (however I don't see that as very likely). To me, most probable target is $78-82 right below the trend line. Let's see how it plays out.
CBOE:UVXYLong
by benjihyam
9
Opening (IRA): TMF March 21st 36 Covered Call... for a 34.85 debit. Comments: Starter position. Selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 34.85 Max Profit: 1.15 ROC at Max: 3.30% 50% Max: .58 ROC at 50% Max: 1.65% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes/break evens better than what I currently have on, and/or roll out the short call if my take profit is not hit.
AMEX:TMFLong
by NaughtyPines
SPY: Technical Analysis for Today's Trading - Jan. 28Market Overview * SPY is currently consolidating near the $601 level after recovering from the recent dip to $589. * Immediate resistance levels include $607 (pre-market high) and $610.78 (major resistance from the GEX). * Key support levels are $600 (psychological level) and $589 (yesterday’s low). * The 30-minute chart shows an overall upward trend within a tightening range, suggesting potential for breakout or breakdown depending on the broader market sentiment. Gamma Exposure (GEX) Metrics * Call Walls: * $610: Highest positive NETGEX, indicating strong resistance and possible profit-taking zone. * $615 - $620: Additional upside targets if momentum strengthens. * Put Walls: * $590: Highest negative NETGEX, acting as critical support. Breach below could trigger strong selling pressure. Options Metrics * IVR: 24.4, suggesting moderately low implied volatility, offering limited premium opportunities for scalpers. * Put/Call Ratio: 69.3% PUTs, indicating bearish sentiment among options traders. Scalping Strategy Bullish Scenario * Entry Point: Above $602 after confirmation of volume and momentum. * Targets: * First Target: $607 (PMH/Pre-Market High). * Second Target: $610.78 (Key GEX resistance level). * Stop-Loss: $600 (ensure a tight stop to minimize losses if momentum fails). * Indicators to Watch: * Stochastic RSI: Look for oversold reversal near the 50 level on the 30-minute chart. * MACD: Ensure bullish crossover confirmation before entering long positions. Bearish Scenario * Entry Point: Below $600 with strong downside momentum. * Targets: * First Target: $595 (midpoint support). * Second Target: $589 (previous low and major support). * Stop-Loss: $602, as reclaiming this level would invalidate the bearish setup. * Indicators to Watch: * Volume spikes accompanying the breakdown of $600. * MACD crossover below the signal line for confirmation. Scalping Tips 1. Risk Management: Maintain a risk-to-reward ratio of at least 1:2 for all trades. 2. Execution Speed: Trade with tight spreads and monitor key levels closely for rapid changes in momentum. 3. Market Sentiment: Keep an eye on broader indices like QQQ and DIA for correlation and potential sector rotation cues. Outlook for Today * SPY's range is likely to remain between $600 (key support) and $607 (resistance) during the morning session. * A breakout above $607 could push SPY toward $610.78, whereas a failure to hold $600 might trigger a retest of $589. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade with caution and manage risk appropriately.
AMEX:SPY
by BullBearInsights
$SPY Options | Trump Week TwoAMEX:SPY Fear and panic has spread in the market, but buyers ate it up by end of day (1/27). There is a gap from December 18th up to $603-$606. $603.44 is the key pivot for bulls and $591.54 for the bears. For our weekly options trades, we use 15 or 30 minute candle closes for confirmation and stop-loss. $603 CALL 2/11 Entry: Breakout/Hold Over $599.92 Targets🎯: $603.44, $606 $595 PUTS 2/11 Entry: Breakdown/Rejection Under $599.92 OR $603 Targets🎯: $595, $591.54
AMEX:SPY
by PennyBois
SPY/QQQ Plan Your Trade For 1-28 : Temp Bottom PatternToday's SPY Cycle Pattern is a Temp Bottom. After yesterday's big breakdown and consolidation, I believe the SPY will attempt to identify support, possibly near 597, and attempt to move higher a bit today. Ultimately, a Temp Bottom pattern is where the price seeks out support (moving downward or retesting recent support levels) and then rolls to the upside, creating a base/bottom type of pattern. The QQQ should follow the same pattern. Gold and Silver seem trapped for the next 2-3 days (possibly melting a bit higher as the US Dollar appears to be moving downward a bit). I don't see Gold/Silver starting to make any big moves until Jan 31 or in early Feb. Bitcoin will likely stall out, just like the SPY/QQQ, over the next 2-3 days, then move into a downward price phase - attempting to move back towards $92k. I believe the markets are stalling and in a bit of shock at the moment. Don't get too aggressive in any trades unless you are confident in your ability to manage risk levels. Some sectors/symbols will trend. But the SPY/QQQ will likely stall out for another 2-3 days before making another big move. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
Waiti Seeking Equilibrium and Fair Value Oppong on confirmation In the current volatile market environment, I'm closely monitoring the US30 for potential trading opportunities. My strategy involves waiting for confirmation of an equilibrium sweep with displacement, which would signal a short position. This approach aims to capitalize on the market's tendency to revert to equilibrium after a significant move. Additionally, I'm on the lookout for any highs accompanied by a fair value gap, which could present a compelling opportunity to go long. This scenario would indicate a potential continuation of the upward trend, providing a favorable risk-reward setup. Key considerations include: Market Volatility: The current market conditions are characterized by notable volatility, particularly in the technology sector, which could influence the US30's movements. Upcoming Economic Events: Keep an eye on the Federal Reserve meeting on January 31, 2025, and the release of critical economic data, as these events may impact market sentiment. Technical Indicators: Utilize technical analysis to identify potential entry and exit points, ensuring alignment with the overall market trend. As always, risk management is paramount. Ensure that stop-loss levels are set appropriately to protect against unexpected market movements.
AMEX:SPYShort
by CapitalGainz33
Possible semiconductor $SMH deals on the horizonIf the Semiconductor Index NASDAQ:SMH in chart 1 fails to maintain the bullish order block at 237-246, which currently looks challenging, there's a potential for a countermovement upwards if it reaches the next support level between 214-224 This scenario could present a short term buying opportunity in some semiconductors stocks for those looking to go long With earnings reports for NASDAQ:ASML , NASDAQ:AMD , and NASDAQ:LRCX due within the next 8 days, these stocks could offer strategic entry points for a possible bounce: - NASDAQ:ASML : Bullish order block between $564-$600 (Chart 2) - NASDAQ:AMD : Bullish order block between $93-$102 (Chart 3) - NASDAQ:LRCX : Bullish order block between $57-$64 (Chart 4) These levels could serve as good opportunities for short-term investments, provided you monitor the market closely after the earnings announcements If any of these reach the target areas in the next few days, I will provide an update here
NASDAQ:SMH
by OfficerDonut
Nothing bad happendThe US markets fell sharply today. The S&P500 lost almost 2%. Many investors, especially on social media, are wondering whether the “Trump Rally” is now over. I think this is extremely unlikely. As is so often the case, markets tend to exaggerate, both upwards and downwards. The price slide was triggered by news from China. Th AMEX:SPY ere, the start-up “DeepSeek” has announced that it has AI models that work just as well as their US counterparts at a much lower price and with less data. This will certainly not have a lasting impact, but it should make us aware that the AI party will be over at some point.
AMEX:SPYLong
by Ichimoku-Trading
SP 500 head n shoulder and cup n handle ?? The chart posted can be counted two ways if a bullish move is about to start First I want to express that the cycles are only holding up till feb 12/13 .So I can count this decline as wave 2 in the 5 waves up forming But the target 6128 was perfect math in which wave a x 1,618 = wave c for wave B top if the bearish count is the right one it would have more downside and it would drop 5861 plus or minus 2 then a bigger rally. But lets talk about this being wave 2 down wave 3 of 5 of 5 would see the rally from today low advance to two targets and both should be within 3 pts First 6183 is where wave 3 is .618 of wave 1 second is 6235 plus or minus 3 I would be VERY CAUTIOUS and look for 6183 The sox index is now ending my first 5 waves down in the bear market in SOX=SMH we should now see a weak ABC rally back to 248/252 . The forecast in SOX was PERFECT and has much much more downside this year. IN the QQQ we should now see a rally 531 alt 537Best of trades WAVETIMER
AMEX:SPY
by wavetimer
$SPY Price Action Analysis on Three Timeframes www.tradingview.com Hey there! One of the key concepts I've embraced in technical analysis is the idea of lower highs & lower lows, as well as higher highs and higher lows. Understanding these patterns has really transformed the way I approach trading and my personal fear & green control during the different market regimes. 📈 Speaking of these patterns, let's check out this simple and clear Big Picture. 📊 Here's a quick snapshot: We have AMEX:SPY analyzed on a monthly, weekly, and daily basis. Check out the chart for more details. Stay tuned! 🚀 PS: Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. --- **Disclaimer:** This research abstract is created and is intended solely for informational and educational use. It does not consider the specific investment needs, objectives, or risk tolerances of its recipients. The author`s actual investment positions may differ from the views presented in this post due to different factors. This content is strictly for informational and educational purposes. --- #Beyondtechnicalanalysis #ChartPatterns #Trend Analysis #SPY
AMEX:SPY
by ChartsPlusFun
7
$SPY Price Action Analysis on Three TimeframesHey there! Let`s look at the update on my recently published idea. Reminder: one of the key concepts I've embraced in technical analysis is the idea of lower highs & lower lows, as well as higher highs and higher lows. Understanding these patterns has really transformed the way I approach trading and my personal fear & green control during the different market regimes. 📈 Speaking of these patterns, let's check out this simple and clear Big Picture. 📊 Here's a quick snapshot: We have SPY analyzed on a monthly, weekly, and daily basis. Check out the chart for more details. After this angle, is today`s Market Bleeding & Mass Media news so scary? Stay tuned! 🚀 PS: Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. --- **Disclaimer:** This research abstract is created and is intended solely for informational and educational use. It does not consider the specific investment needs, objectives, or risk tolerances of its recipients. The author`s actual investment positions may differ from the views presented in this post due to different factors. This content is strictly for informational and educational purposes. --- #Beyondtechnicalanalysis #ChartPatterns #Trend Analysis #SPY
AMEX:SPY
by ChartsPlusFun
USO Bearish Outlook: Sell Opportunity as Momentum Shifts Current Resistance Zone: The price is currently testing a strong resistance zone around the $83 level. in the past, this level has been a turning point for price movements. Potential Reversal: The chart suggests a possible rejection from the resistance zone, with a projected short-term correction to approximately $78.82 . Key Levels: -Resistance: $82.75–$83.25. -Support: $78.82 (highlighted as target). Scenario: After testing the resistance zone, a pullback towards $78.82 is expected, aligning with previous price behavior. A confirmed break above $83 would invalidate this bearish outlook. Note: Always combine technical levels with broader market context and risk management.
AMEX:USOShort
by TrendDiva
$IWM Analysis, Key Levels & Targets for Day TradersIWM returned to center pretty quickly here and we are back above the 35 EMA, even though we dropped underneath it at open AND WE DO HAVE THE 50 DAY MOVING ABOVE US HOWEVER STUPID WILLIE HAS A RED SIGNAL LINE AND WE HAVE A DOWNWARD FACING 1hr 200MA underneath us with the four hour 200 removing average and the 30 minute moving average those levels could draw us in with a corrective move here. I don’t know why I had all cops up there, but I’m gonna leave it cause I’m in hurry. I will review all of these levels on tonight‘s video.
AMEX:IWM
by SPYder_QQQueen_Trading