$QQQ way too extended, on the top of Bollinger Bands.
We will be seeing ATH in semis within the next few weeks!
SKEW levels to high, VIX too low!
Once we pass upper BollingerBand @ 333.75, I think things will get ugly! We are due a correction! Just be careful out there!
Pocket Pivot and small break out signals great long term entry.
85 call exp. Feb looks very good as IV increases prior earnings. To be sold before earnings
Great long term, it may worth an earnings bet. Expected move is 11%
See the chart, I don't think I have to explain why this we need to short this stock! Price is more than 30% above 21 day moving average!
Although there are plenty of break out indicators, $QQQ and overall markets seem a bit exhausted. I am already holding small puts position if we open green Monday I will definitely going to be more aggressive. I am expecting a retracement at least to 310 levels.
I am seeing a great bullish set up for $HUBS, several reasons, but mainly... stock has consolidated after super powerful mode and had consolidated for more than 2 months. Our algo spotted today there's was a pocket pivot along with TTM_Squeeze. Be aware, earnings are two weeks out, so maybe options trade would be a good option taking advantage of volatility...
Bullish Action on Friday Find Support at 144dma Trading idea: Vertical Call 16 Oct 200 Expiration 105/110 NYSE:IPHI
$QQQ is at the top of the channel! Looking for a pull back to 21dma
Placed a calendar call spread: STO 170 Jul C BTO 165 Aug C