PWSC Bull$PWSC
Is a ticker to keep on your radar. Small cap stock that I see lots of value in at the moment.
Currently in a triangle pattern on the 4HR. Sitting just above the bottom trend line.
Also looks like a falling wedge on the 15 Min chart, watching this end of day.
PWSC has shown lots of strength recently during the market sell off & volatility. Either way watching this for the break up or down, whichever comes first I will ready.
As long as $20 holds I will be in calls with time. I’m bullish.
IWM
VIX VIX is a fear gauge for the market
Breaking out of this purple angle warrants some worries. If we manage to give back the current high then we can say we can move onto a risk-on environment.
There is a sector rotation happening right now tech seems to be fading its strength and filling some gaps while some of the first sellers are finding support
𝗦𝗺𝗮𝗹𝗹-𝗰𝗮𝗽 𝗨𝗽𝗱𝗮𝘁𝗲: $IWM Weekly. Fake Breakout?If support fails and confirms a fake breakout things could get ugly. One of the more important trendlines to watch!
$RTY_F $AMC $CROX $SPY $ES_F $QQQ $NQ_F $VIX $TLT $TNX $DXY #Stocks #Trading 📈
S&P 500 Trigger levels We just took out yesterdays low so we need to monitor that along with our VIX post
will the Russell 2000 hold the line? $iwm $rut Russell2000 has been sideway for most of 2021. is this distribution or the pause before the next launch. the broad market sell off has me thinking bad things for the indices. Price to sales on the biggest names seem to be getting reprices from the lofty growth rates. time will tell, but I dont think this is the bottom.
Time for smallcaps?After a long period of $QQQ outperformance, this is the time when I would look for smallcaps ($IWM Russell 2000 etf is a good proxy) to take the lead.
Opening (IRA): IWM January 21st 188 Short Put... for a 3.20 credit.
Comments: Selling 16 delta premium in the broad market exchange-traded fund with the highest 30-day, which is IWM, at 41.5%. I wanted to use the January 14th expiry (42 days until expiry), but the lowest strike available there was the 193, so went out to the monthly instead.
Rolled: IWM January 7th 234 Short Call to 222... for a 3.43 credit.
Comments: You know the drill: rolled down for a realized gain on the call side and to cut directionality. I've collected a total of 13.86 for what is now a 10-wide inversion 222C/232P, so the most I can hope to make out of this is 13.86 -10.00 or 3.86. Current break evens: 218.16 on the put side, 235.86 on the call.
Rolled: IWM December 31st 250 Short Call to 230... for a 1.76 credit.
Comments: Rolling down for a realized gain on the call side and to cut net directional delta, with the resulting short strangle being the December 31st 213/230. Total credits collected of 4.98.
Rolled: IWM December 23rd 234 Short Call to 224... for a 2.09 credit.
Comments: Rolling the short call down for a realized gain and to cut net directional delta. Total of 8.10 in credits collected, with the roll resulting in a 222.5/224 short strangle. Even with today's move and the roll down of the short call, the setup remains net delta long (around 14.33) with break evens at 214.40 and 232.10.
VIX - Santa Clause Rally?! Market pulled back - expect to see a market rally when the vix comes down from current levels.
Historical Behavior post-recessionsThe Russell 2000, as well as the S&P500 tend to have a similar behavior coming out of market bottoms. In this case, we analyze the potential move with past historical data.
The first year is usually a strong one, the second one there is consolidation and accumulation, the third there is a strong rally that loses steam near September.
Using market bottoms from:
1974
1982
2003
2009
BNGO reversal soon?$BNGO another stock on my watchlist. Touched weekly support and bounced.
Looking to catch the bottom and confirmation of reversal only if we can reclaim $4 and hold. Slowing momentum on the daily chart as well.
Set alerts over $4
Swing targets: 4.15, 4.3, 4.56,
Puts if $4 cannot hold
$RTY Russell 2k anchored VWAPMost important chart in the market today imo. VWAP anchored to yesterday's low bar provides the safety signal. Above it, buyable imo. Below, gtfo.
Long XLU short IWMIt is time to go defensive again. ISM PMI declining from expansion, historical high percentiles of distribution. US10Y going down together with ISM. Long Utilities as defensive sector, short IWM small-caps high-beta assets.
Best,
$BBIG -- OMG plz make it stop.if we lose 2.80 on D/W/M timeframes, the downside isn't over. :( sorry friends.
It's a bummer that Ted couldn't muster any compelling PR to preserve shareholder value in the near term. oh well.
good luck, go with god.
psc
*there is no god
Fubo reversal?$FUBO looks like its starting to bottom out at the $20 psychological level. Grabbed a $20 call with time.
Not a bad place to grab some shares either if your bullish IMO
- Strong bullish hammer candle on daily indicating buyers are present at this weekly support.
-Fubo got smacked from $35 before earnings to $20, great risk to reward play.
Swing targets: 21.3, 21.8, 22.55, 23
Stop is a close below $20
I will most likely add to my position again if we retest and hold $20 tomorrow.
About That Small Cap "Breakout"Similar to #ES_F, IWM had signs of a false breakout while everyone was clamoring for a Santa rally. Though we did breakout after an accumulation period, one that lasted almost the entirety of 2021, we had trend line resistance from the 2020 lows directly overhead. If we lose the 2021 accumulation zone, selling could accelerate with velocity.
Rolling: IWM December 23rd 246 Short Call to 234... for a 1.77 credit.
Comments: Rolling down the short call aspect of my December 23rd short strangle to cut net delta/directionality. Collected a total of 6.01 in credits so far. (See Post Below). The resulting position is still net delta long, just not as long as it was.
Rolling: IWM December 17th 242/232 Short Strangle to January 7th... 232/234 Short Strangle for a 4.82 credit.
Comments: With 21 days to go, rolling this out to cut directionality. I've collected a total of 10.43 in credits so far (See Posts Below). Position remains net delta long.
that's what SL is for.recently russel broke the ceiling that was holding it for almost a year.
now it would be interesting entering a long during the retest. placing the SL just bellow last low made the 27th of october.
not because it's a safe trade but becasuse of the RR involved, since that the range has been broken, this leaves us with a proyection to the up side equivalent to the range it selve, wich is also the 1.6fib proyection of the recent impulse after the lst corrective phase.
currently the price is sitting on the 50% retracement of the move done until now.
on daily there are clear signs of a correction in act, volume is not as high as during the ceiling break and tho it made almost the sale movement.
on 4htf stochastic is starting to cross to the upside, i find stochastic the best indicator to trade russel's mid high tf, since it's a "range indicator", and in a range is where rus has been for almost a year.
on the 1H ft, there are divergences on stoch and rsi. this doesn't mean that the divergence can't follow forming.
in the end, it's a nice RR trade of 4:1, in'm already booked in at the 50%fib, and if goes to 38% i will think about adding contracts, using the same sl.
take in count that trading is not about having a 80% hit rate, that's impossible, and if some one says he does...well he was probably long during 2020/21. i mean, it doesn't surprise me that people will have had great RR these 2 years, but that shouldn't be taken as reference. the normal hit rate should be around 50% and risk managing like if your life depended on it makes your account grow steadily and constantly.
use the power of a steady compound growth rather than a yolo
and use SL, que pa' eso estàn Ramon
Rolled: IWM December 23rd 258 Short Call* to 246... for an .82 credit.
Comments: Rolled the short call aspect of my December 23rd short strangle to cut net delta in half. I originally opened this for 3.42 (See Post below) with a take profit target at 1.71, so am revising my take profit to 1.71 plus the credit received for the roll of .82 or 2.53.
The net delta of this short strangle (short put + short call) still leans long.
* -- Shown here at the 250 strike in order to fit it on the chart without squeezing.
