emcee08292016

emcee08292016

Bear market rallies have the largest rallies to coincide with the aggressive drops. IMHO, we won't have a full-on recession this year, but it will set us up for 2023. I am not an investment advisor. This is for entertainment purposes only. ;)

emcee08292016

What i see in the next 6-7 months ahead...

emcee08292016

Stamps.com lands deal with UPS, stock shoots more than [UPDATE: 24% ] higher in after-hours trading. finance.yahoo.com I've seen this stock get over-hyped and overvalued really fast before. The result? Refer to July 2018 to May 2019 price action. You be the judge!

emcee08292016

$CMG is another good candidate for a spread play going into earnings tomorrow. At the moment, it is hitting mid-term resistance around $852 - 857, with potential wiggle room to the upside going north of $900. The downside potential; however, is far greater ranging from $807 to $779. Will reassess this tomorrow depending on the IV and Theta for a spread...

emcee08292016

BTO $MCD Iron Butterfly ibb.co - $475/contract credit. The goal is to buy this back at $100 or less one hour into the open tomorrow. Provided that $MCD stays within the 202 - 217 range, this will pay off after the IV crush and theta decay have played out.

emcee08292016

Daily close here will be a bullish harami - as long as we have an inside day with a green candle close actually.

emcee08292016 Updated 

Currently going through heavy resistance around SPX 3000. Watch out for false breakouts. If we do go higher, I would require heavy trading volume, convincing green candle, and an hourly close above resistance.

emcee08292016 Updated 

This is a lotto play on NFLX. Currently in NFLX 10/18 285P. The target profit area is $252.28 which is the 9/24 low. Based on Zacks' prediction, there will be a Earnings ESP of -2.09%. This means a negative earnings surprise. Historically speaking, NFLX hasn't performed the best during Q2 ER albeit mixed results looking over a 5 year trajectory. In addition, NFLX...

emcee08292016

TSLA hitting key resistance area w/ confluence of 200DMA. Potential short w/ conservative target at $247.

emcee08292016

I personally do NOT trade Weekly or Monthly chart, but here is the bearish scenario going into the infamous recession.

emcee08292016

Quick scalp down

emcee08292016 Updated 

2944/45 is a Significant Price Point. Bullish Above! s3.amazonaws.com

emcee08292016

IF Trump works with China and delays tariffs, what will happen?

emcee08292016

Notes on chart.

emcee08292016

See chart.

emcee08292016

Both bullish and bearish scenarios are outlined. Based on today's drop and how it was bought quickly, this could go both ways. Watch for key levels before entering a trade. Good luck!

emcee08292016

Referenced the idea from the Oct/Nov 2015 rally to now (Feb/March 2016 rally). If this heavily manipulated market holds true, we should rally higher into overbought territory - disregarding the overbought part. We'll see, this is speculative at the moment.

emcee08292016

Doesn't take an expert to see that this is a bullish engulfing candle. This means that USO has a high probability of going higher after months long of pullback. Short term resistance is at 19.95. Mid-term is 22.19.