XRPUSD breakout!?We are fighting the 50% fib right now. Next up is the 61.8% if she can push higher. If it's a failed breakout, buy off the lower trend line for a reset.
Cheers!
Brianweber
Long on MU with a Call OptionNice one white solider today. I'm looking to enter a May $45 call option at $6.25 (limit buy).
Let's see what happens. If the market continues higher and/or holds, MU should continue higher.
I have two targets for 1R and 2R. Will hold longer if the market allows.
Cheers!
Long NVDA? Sure why not!See if I can go long a little bit lower than the close since the futures are slightly red.
Wide stop on this one. Let's see what happens!
Cheers
Where I'd like to go long on BTCUSD for a bounceSimply taking the measured move from the most recent high to low, the target 123.6% fib is right around the $5,800 area. I'd like to go long just above the target fib, but slightly below the double bottom area.
My thought is that we overshoot slightly through the double bottom area then get bought up back to $6,500 area.
Let's see what happens!
My thoughts on SQRight now we are holding the 50 day sma on daily and previous support at $47.61, which is also the 50% of the most recent measured move.
Purple line: what I am looking to see is if we hold here, consolidate then move higher. However, $49.56 is a resistance SQ needs to close above before continue back north of $50.
Orange line: we fail the 50% fib and test the 38.2% fib around $45, which is also near the 100 day sma and lower trend line that we bounced off on the last dip. Failure of the 38.2% fib would mean a definite test of the lower trend line.
Obviously this all depends on the overall state of the markets. The tech sector has been getting hammered for the past week so let's see if she can hold. I would prefer the orange line or lower trend line to buy longer term calls and/or shares.
Cheers!
SHOP off of the 200 day SMAToday SHOP made a lower low, but is still holding the 100 day sma on the daily chart. I'm putting an order out there for a limit buy at $110 with a stop at $100.
She may hold here and continue higher if the overall market does too.
Let's see what happens :D
Trying EOS again on a pyramid orderMy last trade I entered at $5.80 and $4 for 35% and 65% of my allocated capital. Let's try this again since she looks pretty strong.
Buying calls on SQ on this dipHave a limit buy order for x10 $55 April calls for 1.75. My plan is to catch a bounce off the 20 day ema on the daily and the 50 day ema on the 4H.
Covered Call on SQRinse and repeat from last month.
My target to buy back the call is >= 50% return ($0.75 or lower).
Late to post, but pyramid play on EOS/USDPyramided on the way down at good support levels. Will keep trailing the stop just in case BTCUSD loses strength.
My earnings analysis on EXELThere is a nice symmetrical triangle pattern that has formed just in time for earnings. A good indication that a decent move is in store for EXEL depending on the ER.
Green box : gap down here into support we could see some buying off the lower trendline and 100 day SMA, or the 200 day SMA if the price gaps that far. The latter being a much stronger area to buy.
Red box : gap up into resistance we could see some selling. However, if the move is strong enough, the resistance at $32.20 could be broken and she moves higher. At that point look to buy the rest off that old resistance, new support.
Let's see what happens tomorrow for earnings.
Good luck :D
INTC swing tradeGiving a wide stop just in case the market decides to pull back some. Don't want to get knocked out too soon.
Let's see how she does :)
Pick up more SQ off of the lower trendline and 100 day SMAI have a limit buy at $37.50.
I suggest you do something similar :D.
Going long on AMZN with a pullbackVery bullish on AMZN right now. However, not buying right now with the SPY and QQQ pulling back, which should continue, and AMZN being at an ATH.
Would like to see AMZN trade back to the 20 day EMA for a bounce. If that doesn't work, the support around $1,295-$1,300 before going long for a swing trade and/or investment.
If she does break higher, I will look to enter for a day trade and/or shorter swing trade off the hourly chart :D.
Bullish pennant pattern on the hourlyI bought the June $200 calls today, which provided the right amount of delta to have my stop below today's gap up candle.
On the daily you can see that this gap is a gap-n-go since traders were shorting for the past 3 days (black candle gapping up). If we go higher, the bears will be forced to close their positions or take some serious pain.
Let's see how she does with the rest of the market. SPY is down about 0.50 % after hours.
MCD put sale for February expirySell the $155 put for February for $0.55 or higher. Looks like it will be close if the market keeps selling off.
There is support around $160 at the 200 day SMA.
Keep an eye on UPS for a bullish playUPS is trading right down to the 200 day SMA on the daily time frame. Look to play the bounce on shorter term trades.
I am looking to go long after we consolidate a week or two between the $112-$113 area with some longer term options.
Here is the weekly chart below. The 100 day SMA is also approaching the green box :)
If the trade doesn't work off the 100 day SMA, I will try the 200 day SMA on the weekly time frame.
My analysis on SQ leading up to earningsThe overall market finally pulled back bringing most stocks with it. I expect SQ to trade lower with Feb 2's candle.
If we make it down to the 100 day SMA and/or the lower trendline, I will buy more shares. This would require support to fail at the 50 day moving average (SMA or EMA). Play the bounce accordingly as well if we trade down to the 50 day SMA or EMA for shorter term trades.
Earnings is on February 27, 2018 after market close. I plan on holding through earnings as SQ is a company I believe in and love their product/business model.
I have $46 and $50 strikes covered calls for regular February expiry. If I see significant downside coming, I will buy 3 x $48 16 March 2018 puts to protect my investment.
My current Leap Call Diagonal (LCD) spread has a max profit at a share price of $43 for regular February expiry. However, if I see there is significant downside coming, I plan to buy 1 x $40 16 March 2018 put to protect my LCD position.
Put sale on MU for February normal expiry?MU opened and closed below its 100 day SMA on the daily time frame. I can definitely see some more downside down to $39 and maybe even the 200 day SMA on the daily time frame, which is also the 50 day EMA on the weekly time frame.
Weekly chart:
Considering a $37 Feb put sale for a limit of $0.40 or better. I wouldn't mind owning shares in MU :-)
Long on a pull back to supportI'm looking to buy between $74-$75. The 50 day EMA on the daily time frame is about $76. We may bounce, but usually we go a little bit lower.
The 100 day SMA on the daily time frame and the 20 day EMA on the weekly time frame line up nicely around $74.
100 day SMA on Daily:
Weekly chart:
Worst case scenario, C pulls back to the 200 day SMA on daily (~$70), which would be an event better entry.
The trend is your friend ;-)
Potential Option Plays for AAPL's earnings (Naked Put or BPS)To take advantage of the high volatility, I plan on selling a naked put over earnings for either the $155 or $157.5 strike price for this Friday's expiration (February 2). Most likely the $157.5 strike for around $0.80.
A less riskier option (no pun intended) is to sell a BPS about $10 below the closing price for the same February 2 expiration.
If I get put the shares, I won't mind since it's Apple. They are only the largest and most profitable company in the world. Shares + a covered call to get rid of the shares is the back up plan.
Potential Options Play for GOOGL's EarningsTo take advantage of the high volatility and minimize the downside risk as much as possible, I plan on selling a 1097.5/1100 BPS over earnings for $0.40 or better.
The expected move according to ThinkOrSwim is ~$55.
Let's go GOOGL!!!
