Opening (IRA): IWM Dec 20th 195 Covered Call... for a 193.79 debit.
Comments: Re-upping with a monied covered call in the December 20th expiry at a strike that is slightly higher than the one I just took off to "capture" the next little increment of up move that I missed out on. I'm not expecting much out of this (it has a 1.21 max), but didn't want to set up my tent in January yet either.
IWM
Opening (IRA): IWM Nov 15th 194 Covered Call... for a 192.28 debit.
Comments: Re-upping with a monied covered call in November with a strike that is slightly higher than what I previously had on at the 193. (See Post Below). Just looking to get a little more out of the November cycle before moving onto December without taking on a ton of additional risk ... .
Metrics:
Buying Power Effect/Break Even: 192.28
Max Profit: 1.72
ROC at Max: .89%
50% Max: .81
ROC at 50% Max: .45%
Russell 2000 On verge of breakoutof a continuation inverse head & shoulders
these projections are IMHO likely to be the final nail in the coffin for this massive bull run
one of the complaints from Analysts is the lack of breath in the market
well when the russell reaches these projections
these analysts will likely claim victory and say see NOW we have a real bull market
which is when you should be seeking shelter as when the last bears are bullish it means there is no one left to convince.
And after 16 years from the 2009 bottom would be a fitting end to the secular bull
With a Trump victory likely ..
The Dems will in all likelihood prefer to leave him a big mess to clean up than a booming economy.
IWM: Cup, Handle, and a Bullish GambleAMEX:IWM
Original Chart :
Been eyeing IWM lately, and honestly, this setup has the kind of potential that could get even the most cynical trader to sit up and pay attention. We’re looking at the *beginning* of a cup-and-handle-esque pattern so pristine it belongs in a TA textbook—classic accumulation followed by consolidation, like the bulls are quietly gearing up for something big. But here’s where it gets even more interesting: with the recent US election in the rearview and a lineup of Fibonacci extensions and moving averages all pointing in the same direction, this setup is practically begging for a breakout. Let’s dive into the details.
Fibonacci Extensions and Price Targets
Let’s talk targets. I’m looking at $315 and $365 based on Fibonacci extensions, and yes, that $365 target might sound ambitious, but hear me out. Fibs are like the star charts for traders—rooted in math, mystical enough for Twitter hype, and strangely accurate. $315 is the conservative target, sitting right around the 100% extension, where we might see price take a breather. But the real spotlight is on $365, the 200% extension level, which could be where we end up if this breakout goes full send. If Fibonacci levels have taught us anything, it’s that the universe loves a good price projection.
Moving Averages and the Golden Cross
Then there’s the 50-day and 200-day moving average crossover—the infamous “golden cross,” which might sound like something out of an Indiana Jones movie, but actually just signals bullish momentum. We’ve got price hanging above both moving averages, a classic recipe for sustained upward trends. Historically, this setup has a decent track record of making bulls look smart, and right now, it’s flashing green like a big, neon sign saying, “This way to higher prices.”
Volume Profile and Key Levels between $200-$240
The Volume Profile is where things get interesting. That $200-$240 range is showing a massive amount of trading activity, acting like a gravity well for price. If IWM revisits this range and bounces around $235, that’s our green light for lift-off. This is the make-or-break level—the battleground where bulls and bears duke it out. Here’s the nuance: if price *rejects* $235 and consolidates, that’s what would actually form the handle of this cup-and-handle setup, setting the stage for a later breakout. If $235 holds, we’re looking at a more direct path upwards. If not, well… it might be time to rethink the moonshot narrative.
Mapping Out the Bullish Scenarios
So, we’re left with two paths. Path one is the steady grind up to our targets, where IWM just slowly marches its way to $315 and then potentially $365, no drama, just smooth sailing. Path two is the extended consolidation phase in the $200-$240 range through most of 2025, creating that classic “handle” structure. Think of it as the market getting in some much-needed cardio before the sprint. By end-Q1 2025, we should know which scenario is unfolding based on whether we hold above that $235 line.
Curious to see if anyone else is seeing the same potential here. The combination of a cup-and-handle formation in the works, Fib extensions, and moving averages feels like a recipe for something substantial, but I’m always down to hear different perspectives. Are you all vibing with the $365 target, or is that too much hopium?
$IWM $RTY : Small Caps Ready to Explode! 💥 Small Caps Ready to Explode! 💥
We will be at ATH's this week: AMEX:IWM AMEX:TNA CAPITALCOM:RTY
While everyone is buzzing about NASDAQ:TSLA CRYPTOCAP:BTC and how they will continue to skyrocket if election results stick and continue to favor Trump, no one’s talking about SMALL CAPS! Remember, during his last term, small caps had an impressive run. Let’s dive into the technicals in my latest video.
In this video, we cover:
1️⃣ Technical Analysis: We’ll analyze charts and multiple indicators, all pointing to AMEX:IWM heading HIGHER. 📈
2️⃣ Patterns: A massive multi-year cup and handle pattern with an ascending triangle breakout is in play.
Drop a comment below if you learned something new or want to explore any topics further.
Stay tuned for more insights and show some love!
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CAPITALCOM:RTY AMEX:IWM AMEX:TNA
NFA
$QS : A QUANITIFIED SWING SETUP! 80%+ MOVE LOOMING! NYSE:QS A QUANITIFIED SWING SETUP! 👊
NASDAQ:TSLA DEAL INBOUND?!
3 Reasons Why in this Video: 📹
1⃣ My "High Five Trade Setup" strategy
2⃣ Catalyst: #QuantumScape started shipping Battery cells to carmakers and had price target increased to $7
3⃣ Symmetrical Triangle Breakout (MM: 80%+)
Company Overview:
QuantumScape Corp, a company focused on developing next-generation battery technology for electric vehicles (EVs) and other applications.
Video analysis 3/5 dropping today. Stay tuned!🔔
Like ♥️ Follow 🤳 Share 🔂
Are they gonna be a batter cell goliath in this space?! Comment below if you are a believe in NYSE:QS
Not financial advice.
AMEX:IWM NASDAQ:QQQ AMEX:SPY NASDAQ:TSLA NASDAQ:IBRX NASDAQ:UPXI NASDAQ:WULF #ElectricVehicles #TradingSignals #TradingTips #options #optiontrading #StockMarket #stocks
Russell 2k looks very good, even with rising YieldDaily
The TVC:RUT looks okay, slowly grinding higher.
Spreading the chart out, it's still forming the, usually bullish, Inverse Head & Shoulder pattern.
Had this on a daily & weekly but the chart we see here is for the monthly (see profile for more info on where to get more data)
it is easier to see the pattern on the Weekly chart. Interesting.
However, we see something interesting on a monthly.
Monthly it looks similar to 2008 to 2010
AMEX:IWM
$LRCX Bottom Fishing After ERNASDAQ:LRCX I bought a half size position on the initial earnings pop and I just brought it up to a full size position. I rarely bottom fish a stock but this one sold off hard into earnings and then beat expectations. It really needs to get up and over the 50 DMA (red) and the DT line to prove it is going to run but I like it here and have my stop just below the earnings gap up which makes for a great risk reward trade. I will not lose much if I am wrong.
From @TradingView
In the week heading into the first quarter earnings report for its 2025 fiscal year (FY), Lam Research Corp.
LRCX
stock was down nearly 15%. Furthermore, analysts were lowering their price targets for LRCX stock over concerns of slowing growth that would make it difficult to see the stock outperforming the market.
However, the stock is reversing course with a gain of over 4% in early trading the morning after the company’s earnings report. Is this a temporary lift or a sign that Lam Research may be proving its naysayers wrong?
$LLY Tightening UpNYSE:LLY Tightening Up before earnings on Wednesday. This implies that neither buyers nor sellers are stepping up prior to the report (so far at least).
I am not calling this either way. But, I think a big move is coming one way or the other. (I think it's going to be up.
This name is high on my watchlist. Lets see what happens AFTER earnings.
$BOX Consolidating – Coiling?I have had my eye on Box, Inc. since its last earnings. It has spent most of the time since then consolidating and letting the 50 DMA (red) catch up. I have also been looking at the AVWAP(s) from both earnings date and the 52-week high on Sept 17th (both light green). I have an alert set for a break above that tight area (both light green) where I will look for a low risk / reward entry. I am looking for this to rally into earnings, about a month away. All TBD.
NYSE:BOX : Box and AWS partner to bring powerful generative AI models and capabilities to enterprise content. Briefing.com
$QCOM Volatility Contraction Pattern? (VCP)NASDAQ:QCOM has gotten a lot of bad news over the past few months, and it’s share price shows it. However, the chip sector is doing well, and you cannot count QCOM as down and out. After setting a low on August 5th it has now put in a series of higher lows and is tightening up (coiling) which is forming a VCP.
I like this technical setup and have an alert set in case the price moves up and over the downtrend line. Note that there seems to be a heavy area of resistance just above the horizontal line area. If I take this as a trade the chart clearly shows where my stop is going to be for a low risk reward trade. All TBD.
Here is some news helping NASDAQ:HON but who are they going to for AI solutions?
Honeywell International Inc. HON shares are trading higher on Wednesday. The company expanded its collaboration with QUALCOMM Incorporated QCOM to create new AI-enabled solutions for the energy sector.
However, there is also concern that NASDAQ:AAPL iPhone sales are not great, and they use QCOM chips. AAPL is also developing their own chips. But QCOM chips are used in the auto industry and many other industries as well.
$HUBS Ascending Base?I have been looking at Hubspot since August and trying to figure out a good entry. Well, I am about ready to pull the trigger. The chart shows a series of higher lows and higher highs. It looks to me to be in an “Ascending Base.” I have an alert set for an entry just above yesterday’s opening price, in the wick. Should it trigger, I will start a one half size position with a stop just below yesterday’s low. Let’s see what happens.
Opening (IRA): IWM October 18th 199 Monied Covered Call... for a 196.80 debit.
Comments: Re-upping with a monied covered call in the October 18th cycle. I left some money on the table by taking profit early. However, I don't want to be as aggressive as I usually am from a delta standpoint, since I already made money in the cycle, albeit after somewhat of a rollercoaster July/August.
Instead of selling the -75 delta call against as I usually do, I'm selling the -84 against, resulting in a net delta metric of around 16. The 16 delta strike is associated with 2 x the expected move, which is why I'm choosing that short call strike ... .
Metrics:
Buying Power Effect/Break Even: 196.80
Max Profit: 2.20
ROC at Max: 1.12%
50% Max: 1.10
ROC at 50% Max: .56%
I'll generally look to take profit at 50% max; roll in-profit short call out if and when the setup converges on +30 delta.
75% gains BUY/HOLD IWM/RUS2K C*H trade setup🔸Hello traders, today let's review 2daily chart for IWM . Entering re-accumulation stage now, expecting range bound trading during next fer months. We've hit heavy overhead resistace / limited upside currently.
🔸The speculative chart pattern is bullish C*H in progress, expect more range locked price action for a few months as we re-accumulate and get ready to clear the ATH. Measured move price projectiong for the C*H structure is 350 USD, 75% upside from the recommended BUY ZONE.
🔸Recommended strategy bulls: wait for IWM to re-accumulate in the sliding
bull flag formation and get ready to BUY/HOLD low near 200 USD, target
based on measured move projection is 350 USD. good luck traders!
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$XBI Breaking Out of Downtrend Line?I have put on a ½ size position in “anticipation” of a reversal. I have been in and out of the AMEX:XBI trade several times over the last 2 months. Overall, I have made a small amount of $$$ on several trades.
It looks like it may be in a pennant formation. We will not know that unless it continues upward from here. I have a tight stop on this just below yesterday’s low of $95.92.
Let’s see what happens.
$IWM Weekly Chart Looks BullishAMEX:IWM small caps have been volatile for quite a while now. I expect that volatility will continue until after the election. When looking at a daily chart it is hard to see any kind of pattern but zooming out to a weekly timeframe it looks to me that it has established a solid uptrend. I will be looking for an opportunity to get long for a move back to the upper trendline. But as you can see on the chart it has ventured outside the trendline but seldom closes above or below.
The distance between the lower trendline and the upper trendline measures just over 11% as measured in a straight line. I am looking to squeeze out 8% to 10% as a swing trade.
I have an alert just over yesterday’s high at $218.67. Should that trigger, I will put my stop just below last week’s low of 215.08. That looks like a good risk reward for me. All TBD.
$LYFT Breaks Downtrend LineNASDAQ:LYFT I thought I published this idea back on September 17th when I went long. I started with a ½ size position on that date. I added additional shares on Monday the 23rd and again yesterday to bring it up to a full-size position. I am now hoping it will consolidate some of these gains. This is one I plan on trading around, meaning I may take some profits and look to add back or if it does not fall below the 5 DMA (white) and simply consolidates there I may simply add. It looks to me that NASDAQ:LYFT “could” run to the $15 area before hitting any resistance. All TBD.
On a side note, were I just seeing this, I would wait for some consolidation or a pullback before entering a position.
Ideas, not investing / trading advice.
US Inflation, Earnings Season Kickoff, Markets on EdgeS&P has failed to make all-time highs
Dow has failed to make all-time highs
Nasdaq has failed to make any new highs
Russell has failed to make any new highs
Oil rips on Middle East escalations
Dollar rips on technical support and bear trap play. Dollar is a big component to the stock markets edging higher for the remainder of the year (e.g. dollar strong = market weak, dollar weak = market strong)
I'm keeping it very simple and staying patient for any "dip" opportunities on indexes, stocks, and watchlist items
I still like Gold, Silver, Bitcoin long as well - again, patient on price action and entries
Major News this week
-US CPI (MoM, YoY, Core and Reg CPI)
-Earnings Season Kickoff - DPZ, DAL, WFC, JPM, BLK and others
Thanks for watching!!!
$ENPH In Uptrend Channel?Enphase has been basing for about 10 months after a severe selloff in 2023. That base has been wide and loose until the June – July timeframe where it has tightened up and appears to have established an uptrend channel.
I will be looking for a reversal in the coming days to weeks as it is likely that it will head back to the top of the channel. Should it start moving up from here, it could be about a 17% move back to the top of the channel. All TBD. Maybe this one should be on your watchlist as well.
Note that earnings are coming up in 3 weeks. Maybe it rallies in front of that event?
$CMG Ready to Add a Quick 8%?
NYSE:CMG has quite a few technical indications that it is getting ready to make a measured move to around $63 a share. Longer term $70 seems to be an area where this upcoming move may encounter quite a bit of resistance.
See the chart for notes. I am looking at this as being a “W” pattern and while the right side of the “W” is shallow, I think it qualifies “in spirit.” You can see the measured move I have put on the chart. And we have a series of higher lows and now a flat base to launch it’s next move from. If it fails here the stop should be below the most recent higher low, around 56.80.
I am long $CMG.
Ideas, not investing / trading advice.
$DDOG Wedging / Volatility Contraction Pattern (VCP)NASDAQ:DDOG gets an upgrade this morning from DA Davidson to “Buy” driven by strong cloud solutions and expanding security management. That could be a fundamental driver.
On the technical side, NASDAQ:DDOG has been basing for about 10 months and has now formed a VCP or Wedging pattern. That is the positive thing on the chart. The negative on the chart is it is below the 40-week MA in yellow and there is a downward sloping 50 DMA, red. Taking all these things into consideration I have an alert set on the upper downward sloping trendline. If it can break that I will look for an entry with a tight stop below the most recent low and just under the 50 DMA. All TBD.
$ORCL Pennant Breakout?I have been watching NYSE:ORCL since it reported earnings and have been waiting for it to consolidate that big earnings gap. It looks like it has done that, and it broke out of a pennant formation this morning.
I started a ½ size position here at 168.18 and have a stop just below yesterdays low of 163.92. That is just over a 2.5% stop loss. Let’s see what happens.
Ideas, not investing / trading advice.