AftabAli

AftabAli

Skeptical of the current rally as VIX mid-term futures suggest another leg higher to roughly $67.85. ETA of July 15th.

AftabAli Updated 

This is a gift: buy long contracts with time, and this trade should be very profitable. RSI is showing clear bullish divergences, and the day will likely end with a solid tail candle. Primary price target of 28.75.

AftabAli Updated 

Nothing clear cut I'm seeing in the charts; this is more of a gut call. I'm looking for a reversal to the 7700 level, where I expect we'll see a reaction. I'm opening short positions against the high of day today. Start the position small and average in, should the position perform positively. Cheers,

AftabAli Updated 

Accumulation looks encouraging, though the fundamentals show little improvement. This trade is more speculative than others, so size positions accordingly. Best case scenario can take this stock to roughly $240 per share.

AftabAli

Futures broke down overnight and are currently backtesting the uptrend line. This is an objective area to open short positions. Price target of 8345.

AftabAli

Aggressively selling weekly $570 calls here.

AftabAli

No, it's not COVID-19, it's the cycle. As impressive as the sell off has been thus far, this is just the tip of the iceberg. Over the next couple of months, the equity markets will likely recover some of their losses. However, keep in mind that the cycle is far from over, and investors should consider diversifying portfolios across multiple asset classes.

AftabAli

Aggressively buying BA here on margin without any stop loss orders.

AftabAli Updated 

Beautiful multi-week long set up. Looking for a strong reversal to 10948. ETF traders can use INDA as a proxy.

AftabAli

Cash Vix near 2008 levels with bearish divergences on the 3 hour charts. Although VXX is the futures S&P vol ETN, it should replicate the premium compression which we're looking to capture.

AftabAli

My thoughts on where the S&P 500 index will travel over the next several weeks.

AftabAli

Gap from July 2017 back filled today. Targeting retracement to price target of roughly $285 per share. Place stop loss at roughly $190 per share.

AftabAli

- Treasury yields due for a pull back - Bullish RSI & MACD divergences

AftabAli Updated 

Reversing long to short. Targeting 7120 level.

AftabAli

Gold/Silver ratio @ ATH. As currencies flow into precious metals, we'll likely see this multiple compress, meaning silver will outperform gold.

AftabAli Updated 

Looking for a back fill of the gap earlier this week.

AftabAli Updated 

Looking for a bounce to 9145 on the futures contract. I'd expect the bounce to come sooner rather than later.

AftabAli Updated 

Bearish technical setup with RSI and MACD divergences foreboding a swift drop within the next several days. Targeting the forward 200 EMA level on the daily chart which coincides with the breakup candle high of roughly 3062. ETA to price target of roughly 10 calendar days (2/17/2020).