NASDAQ:ADBE – After gapping down on +ER I think Adobe is at a nice spot. A pullback was expected although not quite this big. If 530 can hold I think it could start gapping back up to at least 565 by weeks end. On the downside, if 530 breaks then it could head down to next support around 500 which is where I would look for longs again.
NASDAQ:ADBE – After gapping down on +ER I think Adobe is at a nice spot. A pullback was expected although not quite this big. If 530 can hold I think it could start gapping back up to at least 565 by weeks end. On the downside, if 530 breaks then it could head down to next support around 500 which is where I would look for longs again.
I'm not a huge marco guy or economist but what I do know is patterns and trends. Gold has seen expansion like never before but has it been due to a massive rotation of money out of crypto? 2500 is my next level down followed by 2470.
NYSE:TGT – After consolidating the last week and ending with an explosive push to the upside the positioning is there to continue that run. Over 1,000 calls were added Friday to the 140 strike making it my key level to watch. I’m looking for longs If 135 holds because Target could explode to +GL levels at 155 & 160
NYSE:F – After breaching 2020 levels can NYSE:F finally make a push higher? Seeing lots of bullish positioning at the 14 and 15 strikes. The last 5 days have made higher lows so bullish structure is trying to form but the 10 and 8.5 strike picked up a significant amount of put volume. A breakthrough the upper imbalance around 10.5 would be needed to confirm my...
NYSE:DELL – Weekly and daily now show bullish structure forming after selling off for the last 5 week. Also, positioning is heavily swayed towards the call side with 30k+ Open Interest on the 160 and 180 strikes. On the downside the 85 strike has 12k Open Interest which is where NYSE:DELL gapped up from 81.9 - 85.4. Ideally would like a gap down on open under...
AAPL technicals looks like its ready to push higher after holding daily support. But with ER on Thursday we have to be careful. Positioning over the next few weeks is bullish with a high gamma level at 220. A gap down on open to test 215 and hold would be ideal to look for longs but 215 is my line in the sand.
The short answer is nobody knows. Bullish structure is forming and I think Bitcoin could reflect market liquidity so we have to pay attentions to not only earning this weeks but the economic releases as well.
NASDAQ:SBUX looks to continue into +GL at 85. Plenty of momentum and as long as premiums hold longs look like a safe play this week.
Seen a lot of talk about $MBLY. It finally broke to the downside after consolidating for 7 days. 26.51 must hold for further upside or 26.11 then 25.6 being next downside targets. Currently in a no trade zone for me.
MU – Fridays close erased all of Wednesday’s gains ending the day down 3.82% (-1 ATR) with the most volume of the week. With 1M in premium on 6/12 132C, 133C & 135C I will look to take longs if 131 can hold. *This is my opinion and is not financial advice. Please use due diligence before placing any trades*
Although mara is in a daily downtrend it has a lot of chatter on social media. Then looking on the options chain for the 7/5 expiry and gamma levels we can see that 20 and 21 call were hit pretty hard. On the 15minute bullish structure is forming so if It opens Monday under 20, preferably 19.5 I will look to enter long.
SEED_ALEXDRAYM_SHORTINTEREST2:NQ need to hold yesterdays lows at 19.9k for more upside or else 19.8 is in play. POC neutral at 19,968 which would be upside target but volume has to be there to support thesis. - This is my opinion and not to be taken as financial advice. Always do your own research!!
A gap down below from 212.5-210 or a 212.5 hold could produce a major move to 215 but volume has to be there to support thesis. As always don't to forget to follow Quantum Edge Analytics across all socials. - This is my opinion and not to be taken as financial advice. Always do your own research!!
Would ideally like to gap down on open to 160. If 160 holds will look to enter long targeting 165 then 170 but volume has to be there to support thesis. As always don't to forget to follow Quantum Edge Analytics across all socials. - This is my opinion and not to be taken as financial advice. Always do your own research!!
Outlook - Lots of bullish momentum to end last week. Keeping my eye 37 as that is a large gamma level. Add the +2.5 gamma exposure for this week and I see a lot of upside pending any news. Upside Targets: * 30.73--32.01--33.19 Downside Targets: * 28.95--27.62--25.9 Quantum Edge Analytics = T/A supports bullish momentum
Outlook - ER on thursday and the amount of gamma at the 70 strike has me interested. Would like a decent pullback to enter long. Upside Targets: * 50.50--50.8--51.16 Downside Targets: * 50.17--49.8249.5 Quantum Edge Analytics = T/A supports bullish thesis
Outlook - 1535 is key to more upside. That breaks and it's off to the races. Upside Targets: * 1545.59--1575--1648.27 Downside Targets: *1456.32--13.91.11--1325.55 Quantum Edge Analytics = T/A supports bullish thesis.