trend line support + 20 SMA weekly, all year long attracted plays, taking a few shots here for 12/31 strikes
Front running a potential bounce here into FOMC.. 12/31 NDX calls could work, ATM strikes
Possible reversal play here, esp. if high growth tech holds up into YE
So, does this become a bear trap? would you sell your winners for the year now and pay taxes or hold onto them?
Taking Dec 31 ATM calls here, ATM/ITM calls here on weeklies potential as well
snap back rally possible here as markets are "forward looking"
Led to a false breakdown below the 200 EMA weekly, recaptured that level, and then today went past the 100 EMA weekly and will target the 50 EMA weekly at 271.6 next.. Looking for ATH retag into this ER
ER last quarter was solid, will be no different this year, $NFLX and $TSLA will set the precedence this week
ER's are crapshoot, but this name has a lot going for it off late, moved out of the consolidation box and now building momentum to that 700 level
Strong close, right at that 100 EMA weekly, 50 EMA weekly (orange line next) and then we should see some real momentum on this name.. fundamentally, its cheap ..
Would like to see how we close the week, would be surprised if we do not tag ATH here this week
If we do get a follow through on this name, watch out, you snooze you loose, critical inflection point here fellas!
Solid close today on the daily as well, watching 265 range to get cues on its next move
Looking great into $NFLX ER, heading for 356-378 range next and should be quick
Once that 882-900 range is clear, then we'll have a better change at continued momentum
What was strong after last ER, is now stronger into this ER
This is a bullish set-up and a solid fundamental play as well at $5.95/share book value
A close above 6.75 and then this could go nuts... Mind the stops on this one