CSCOPrice pushed up through BB and then below them. Then price moved below 20 MA. This gives me reason to believe a significant short movement may be imminent.
Therefore, I bought a 30 day put option (Apr17) on the movement.
I stand to lose $108.49 if the option does not fulfill the movement I anticipate.
Take profit target is at 200 MA.
Put
TGT - Hi Risk/Reward Option play, $45 July puts @ $0.45TGT is a possible High risk setup with high potential reward. It has broken down a long term upward channel & Channel breakdown target is around $45-46.
And on the daily chart it has a downward trend, which targets around $44. To play this we are considering $45 July-17 Puts, Currently around $0.45
* Trade Criteria *
Date first found- March 14, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Break of $54.35; We would consider July $45 Puts
Exit Target Criteria- $44-45
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
AMZN - Potential Head & Shoulder formation short from $844.33AMZN forming a potential head & shoulder. We would like to take the advantage from the top when it is forming the second shoulder, and a break of $844.33 will be a good entry point.
For trade we would consider $850 Apr/May-17 Puts, last traded for $23.75 & $38.02 respectively.
* Trade Criteria *
Date First Found- February 23, 2017
Pattern/Why- Potential head & shoulder
Entry Target Criteria- Break of $844.33
Exit Target Criteria- $802.13
Stop Loss Criteria- $858.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
DIS - Upward channel or Rising wedge breakdown short from $108.5DIS was going higher within an upward channel or rising wedge formation. It seems broken down the pattern, retested the broken support and getting ready to rollover. It would be a good short, If it breaks below 50 day MA, and for trade we would consider $110 May-17 Puts
* Trade Criteria *
Date First Found- February 23, 2017
Pattern/Why- Upward channel or Rising wedge breakdown
Entry Target Criteria- Break of $108.50 and MA-50
Option - $110 May-17 Puts
Exit Target Criteria- $104.13 & lower
Stop Loss Criteria- $111.07
Please check back for Trade updates. (Note: Trade update is little delayed here.)
XYL- Short at the break of 49.33 to 46 or lower XYL looks very suitable short opportunity as it has lots of weakness. It has moneyflow divergence & insider selling.
It also breaking down from a long upward channel.
We think it will decline to 46 & lower, and we are considering $50 January puts, last traded for $2.55
You can check our detailed analysis on XYL in the trading room/ Executive summary link here-
www.youtube.com
Time Span:5:45 "
Trade Status: Pending
IMAX - Upward channel Possible earnings play, $31 March PutsIMAX seems running within an upward channel, also forming a possible bear flag formation. On the other side we have the earnings coming in 2 days. So we would like to take advantage with option, and we would consider $31 March-17 Puts, last traded for $1.25
* Trade Criteria *
Date First Found- February 19, 2017
Pattern/Why- Upward channel, Possible bear flag, Possible Earnings play
Entry Target Criteria- Current price
Exit Target Criteria- $29
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
HOG - Upward channel breakdown trade from $53.33 to $40 area. HOG was our presidential pick. It declined nicely from our entry of $62.13 and now in profit taking zone.
Now we are looking for a second opportunity here if it break below the upward channel. And we think it can go all the way down to $40 area.
To play this we would consider $55 May-17 puts, currently trading for $2.90/3.10
* Trade Criteria *
Date first found- February 2, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Break of $53.33
Exit Target Criteria- $40
Stop Loss Criteria- N/A
Option: $55 May-17 Puts @ $3.10
(Note: Trade update is delayed here.)
BP is a Zig-Zag UpTrend - Would you invest? Guys, I am absolutely thrilled and be doing well with BP. I have the stock, LEAPS, Put-Sells, and soon Call-Sells.
1. What do you guys think about it 'after' the earnings?
2. Do you feel Brexit will have any negative effect in 2017-18?
3. Where do you see the stock ending in any timeframe? Please be specific $ and Time (if you can).
4. How are they doing with their Retail business with each gas station?
5. What if any are the lingering effects of the $2B to $20B lawsuit that is still pending (last I checked).
6. What is the Chart saying to you?
If you can answer some or all of the above, it would be a great discussion.
Thanks.
Kenny
FDP - Potential short from 62.13 to $46.23 & $40.67Potential early entry opportunity. Text alert was sent when it touched the entry.
Trade Criteria
Entry Target Criteria- Break of $62.13
Exit Target Criteria- $64.13
Stop Loss Criteria- $46.23, $40.67
Option- $60 Mar-17 Puts @ $3.3
You can check detailed analysis on -- in the trading room/ Executive summary link here-
www.youtube.com
Time Span- "
Trade Status: Pending
CCI - Pennant breakout Earnings play $82.50/$85 Feb-17 PutsCCI is a very speculative earnings play. It seems forming a pennant formation. we think with the earnings it will breakdown.
Trade Criteria
Date first found - January 13, 2017
Entry Target Criteria- $82.50 or $85 Feb-17 Put options
Exit Target Criteria- $77
Stop Loss Criteria- N/A
Trade Status: Pending
(Note: Trade update is delayed here.)
RMBS - To short at the break of 11.57RMBS was a good success from our Big one class & it is in the profit tracking area. However, there seems a secondary trade opportunity if it breaks below the support area & breaks below 11.57
We would also consider $12 January puts
You can check our detailed analysis on RMBS in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 5:15 "
Trade Status: Pending
Additional down indication for AALHistorically when the Coppock Curve reaches this level, the stock drops an average of 12.9% over the next few weeks. There is no clear bottom based on the current trends, but my conservative drop is to at least 42.50. The bottom could very likely be in the low 30s. The key to a drop below 42.50 could be around the earnings release.
AMERICAN AIRLINES is groundedHistorically when the Vortex Indicator reaches this level, the stock drops an average of 13% over the next few weeks. There is no clear bottom based on the current trends, but my conservative drop is to at least 42.50. The bottom could very likely be in the low 30s. The key to a drop below 42.50 could be around the earnings release.
CRM- Short as it breaks below $73.03, & $72.5 May puts @ $6.25CRM
Date First Found - November 15, 2016
Pattern/Why- breakdown of trend line and up channel, possible earnings play
Entry Target Criteria- break below $73.03
Exit Target Criteria- $57.13
Stop Loss Criteria- $77.37
Indicator Notes- declining Twiggs Money Flow
Special Note- we would consider May $72.50 Puts currently @ $6.25
Next Earnings Release Date- November 17, 2016
LOW - Potential short trade, looking for Put option playLOW seems forming a head & shoulder formation & shaping up nicely for a short trade.
To trade this we would consider $72.50 / 70 Jun/July Puts.
You can check detailed analysis on LOW in the trading room/ Executive summary link here-
www.screencast.com (Available to subscribers)
Time Span- 43:40"
Trade Status: Pending
EXPE - Upward channel break Short from $111.13 to $83.13EXPE was a Presidential picks & Xmas wish-list, nicely it hits its First target of $113 form $122.87 & now we are looking for a second zone trade opportunity.
It is running within a big upward channel formation & we are looking for a break of upward channel.
Trade Criteria
Entry Target Criteria- Break of $83.13
Exit Target Criteria- $111.13
Stop Loss Criteria- $118.13
Option - $115 Apr Puts @ $8.26
You can check detailed analysis on EXPE in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 5:50"
Trade Status: Pending
Lacking Positive Energy for KMIHistorically when the True Strength Indicator reaches its current level the stock drops a minimum of 1.18% with an average of 5.06% over the next few weeks. I am tracking multiple potential trendchannel support levels and the first level to get hit coincides with a shared support level at 19.83. From the CLOSE on December 30, 2016, movement to this level would equate to a drop around 4.25% which is very realistic.
Airline CooloffHistorically when the vortex negative hits this level the stock drops at least 1.21% with an average drop around 13.57%. A drop around this average is possible, but DAL has not been trading at large enough daily spreads to make this likely in the next few weeks. A more conservative drop would be near the 47.56 mark which has been a pseudo support/resistance level.
Even more bad indicators for FBHistorically when FB reaches this vortex negative level, the stock drops an average of 6.71%. FB is currently in a bearish pennant and due to break out up or down. Based on historics, the pennant, and potential support levels, it looks like a drop to 108.23 is highly likely over the next few weeks.
I am slightly skeptical of the pennant break within the next few trading days, but those believing Trump will reduce capital gains tax rates may conduct massive profit taking for calendar year 2017 while there is profit to be had in order to reap the reward come tax time in Spring of 2018. Large amounts of profit taking can become the catalyst for a near term drop in markets, or a correction which could lead to a greater than 6% drop.
Bold Prediction Unwelcoming to FB fansHistorically when FB reaches this RSI level, the stock drops more than 1% with an average drop of 5.94%. FB is currently in a bearish pennant and due to break out up or down. Based on historics, the pennant, and potential support levels, it looks like a drop to 108.23 is highly likely over the next few weeks.
I am slightly skeptical of the pennant break within the next few trading days, but those believing Trump will reduce capital gains tax rates may conduct massive profit taking for calendar year 2017 while there is profit to be had in order to feel the reward come tax time in Spring of 2018.
The common support level is 0.01% away from the average drop when this RSI has historically been met. This could be a coincidence, but also a helpful indicator of where a selloff could lead.