S&P has been selling since October. We have a epic bounce level at 2397 on SPX Ill be looking for a exit around 2500
Amazing buy level for a quick 100+ point bounce. Im getting long at 1350, looking for a move back to 1525 or so.
DIS potential long play. looking for a pullback from 12-10 close. ex: 50% retrace of tail, hoping to see $111.00 for entry. looking for $118.00
AAPL long from $170.34. Looking for $190.00 over the next few weeks. AAPL hit a major support level, bounced and has now retraced back down to the support level. Along with that, the market staged a nice reversal day yesterday closing only slighty lower, signaling a SHORT TERM low is in place. I am expecting to see a move up into the end of the year, then down we go again.
AMZN long January 1800 calls - $34.00 per contract.(half position) AMZN may move a bit lower, if so, I will add to my position around $1600.00. Ultimately we should see this above $1800 by year end.
GS is at support and in an oversold condition. I'm long a full position at $184.05, target $210.00
GS Long swing in play. GS into support/high pivots + Fib .618. Im getting long GS here at $191.80. Target 1. $210.00 I will update target 2. once the first is reached.
With the market and oil being sold so heavily, VLO has been crushed and its into support here. It could head a bit lower if oil continues to fall, however, oil is into good support as well. Risk to reward is high here stop will be $78.04. If it pays me well today I may look to exit early. Cant be too greedy in this market.
Long FB here looking a quick move to 140 area. hopefully in the next 10 days. Looks like a great reversal day and a short term low could be in. Either way FB is into some great support here. Full Position
AMZN Hit a major pivot/support level on the daily chart. Missed the buy level this morning, however, I am going long with March $1,700.00 calls right here. I have a conservative target of $1,600.00 I may only take half off here with a mental breakeven, AMZN could move closer to $1,675-$1,700 that's where I will look to take 2nd half off. If you look at the chart...
FB is into major support and oversold. I'm long FB from $130.15, looking for a quick move back to the $140.00 area. Also, grabbed Jan. $140 strike calls.
Looking for NFLX to hit $295.05 for entry. We have several factors telling us this is a great buy area for a SHORT TERM bounce to $336.00 level. (.618 retrace and a measured move.) Gap fill is just below around $285.00. We could tag that gap first, if so, i'll add to my position there. Watch the overall market, SPY should have another leg up before the next move...