$11000 has been a level that BTC has reacted to prior as a major support or resistance level. Recently we've seen each rally lasting shorter and shorter periods on lower and lower volume. This suggests that $11000 should bring in some sellers and profit taking. Look for a bounce lower off $11000 to $9500 and $7000 support levels lower.
Really clean bounce lower off $108 resistance level suggests continuation lower towards the $104 support level. Use options to limit your risk by using puts and put verticals. Start your Free 30 Day Trial to our revolutionary platform for researching stocks and visualizing your next OptionsPlay!
P&G is showing weak relative strength in a weak sector (Consumer Staples) and just broke below a key $80 support level. This is likely to bring more pain ahead for this stock as it pulls back spending on weaker revenue growth. Use options to limit your risk such as Put Vertical debit spreads. Register for a free 30 Trial to OptionsPlay !
A clear break below $108 support level which now becomes resistance targets the $100 support level. The selloff in US Treasuries and trade wars are bearish for the USD, combined with the risk-off environment that the tariffs rhetoric sparks off points to a bearish tone for USDJPY.
After rallying 25% from mid Nov, BAC has been consolidating in a bullish triangle, which is healthy after a long rally. BAC is a strong stock in a strong sector AMEX:XLF which suggests a possible breakout higher as interest rates push higher. The best way to play breakouts is using options to limit your risk. Example: BAC Apr 20 32/35 Call Vertical @ $104
After completing Head & Shoulder formation and breaking down below $122 support, reached our $117 targets, and now range-bound. Trends remain bearish, watch for a break below $117 support for continuation lower, targeting $114 (minor) and $110 (major) support levels. Use Vertical Put Spreads to limit your risk when taking bearish bets. Register for a free 30...