Very bearish charts. I'm personally only bullish toward TLT or non-China stocks like Disney. Maybe a bounce today due to oversold conditions. This reversal started on the 31st and looks a lot like the May sell off which bounced after a couple sell off sessions then sold off even more and finally bottomed at 2740-2744. I don't trust this market when people...
MU about to make a golden cross all MA look bullish
145 calendar spreads into earnings. The short sell call pays for half of the long call. They basically print money and own media giant after media giant.
This stock is so undervalued, news is killing this stock. Call options outweigh puts but I have seen this stock seesaw for the last 3 months. The monthly chart is horrible. Someone else posted the CMF for the monthly.
Tariffs... earnings before "trade talks". This stock is under performing.
Calendar spreads to minimize the cost.
Not looking good for the semis in this ETF, I'm Bearish since $AVGO is the top holding for $SMH. The damage has been done already for the second half of the year for these companies.
How does this go higher? trading at like 35x trailing PE and 26x forward sales = no thanks.
This shows up in the 15m, 30m and 1h charts. You think the stock would be down a lot more today, just saying.
Today could be a good entry for a short. 5 min/30 min chart shows Bullish Div. Look at the past 5 years for this ETF. If past predicts future this stock is going to drop back to support under $86. Then there is the unusual options activity of 350 million dollars that one trader opened 40,000 contracts Sept. 86/81 put spreads. This is very tempting! Let me know...
IMO, $GLD needs a pullback until I would play it. Until then I like plane old puts on this ETF to play the dovish Fed.
Put spreads on this one. I should have done so on Friday.
Trend is still bullish with bullish divergence. Broader market sell off brings the price down.. maybe? Be careful since we're making ATH's.