heidib

heidib

SPY just topped high of last wave within its bull channel during last 2 trading sessions and looks like it's holding above it today. Momentum indicators are bullish so as long as today's candle closes here at 245.6 or above last session's open then it looks like it may continue higher. Will it have enough momentum to get closer to testing the upper bull channel...

heidib

SHOP opened higher than Fri close and is sitting right around yesterday's high of 93.3. If it closes > yest. open 92.22 (ideally > yest. high) it'll look like a clear bullish 1 White Soldier bouncing off long uptrend line & testing/establishing 94 as support. But since the white soldier isn't technically at support yet (so far, 94 still resistance), it may just be...

heidib

RDUS still maintains analyst buys/PT of >60 wth their new approved drug, Tymlos which will start selling later this year (hopefully) and has strong advantages over current Forteo. Nevertheless, the market wayyyy overreacted to news of a new CEO & look at the RSI now! I just wrote Jan 2018 35 puts and about to write July & Aug. 40s for easy premium or cheap shares...

heidib

NTNX tested 22 level as support, setting up for next leg up? Looks like a bullish pin forming. If it closes near open, you could set a limit buy order 5 cents higher than high of day in case it goes thru 23 level tmrw. Personally, I may do that depending on how we close but I missed today's dip so will def sell puts tmrw if we get another lower level retest...will...

heidib

NTNX breakout looking good. Blew thru the 19, 20/21 level and now testing 22. If it closes > 22 today & Monday, looks like only minimal resistance til 28. Closed out July 17.5 short puts securing quick 80% premium. Will wait to see how 22 level holds & watch for retest of gap up levels <21.5 to write more puts and buy long calls on Monday. I'll probably even...

heidib

Looks like earlier indicators of NTNX breaking out were correct with multiple confirmations. Hit new post-lockup high at 22 & rejecting off, which gives good opportunity to take first entry/add or at least sell some puts for easy cash...or you can wait for a bit of a pull back (maybe to fill gap down to 20) with profit takers, etc. but it will eventually fill that...

heidib Updated 

GDXJ closed right above 31.37 support so guessing it will test it tomorrow but it'll have to break the long uptrend from its lowest point in Dec. 2015 to get there which makes this a key point for determining if long uptrend will be broken in line with shorter term downtrend. Either it breaks down & has a long way to fall or it bounces off either the long uptrend...

heidib

Looks like SHOP is rejecting off 94 resistance so if it closes <94, we may get that 91 retest earlier analysis indicated (which prompted me to close the Oct 90 calls for just small gain & miss the 94/95 test bec. i forgot to look at momentum indicators which i'm learning now...). If so, will be watching MACD, RSI & CCI closely for choosing entry for my first...

heidib Updated 

Looks like 91 support held, broke through 94 yesterday, testing it today and so far looks like it's holding. If closes > 94 today on to break/test 98 level...kicking myself for closing out my Oct. 90 calls for small gain - thought we'd get another <91 test and I could re-buy them but this just keeps climbing. If closes >94 today, I'll be buying Oct. 95 calls &...

heidib

NTNX recovering well from lockup expiration - a close > 20 today and looks like that uptrend line (along with 19.44 level) will act as support til it's back to 30 range. EXCELLENT opportunity to keep selling 1 strike below current price puts on this (or just keep writing the 17.5 puts)...they hardly get assigned & if they do no problem, solid long! Alternatively,...

heidib

SHOP closed yest. above 91 and opened today > 91 so I'm looking for a close > 91 to confirm this level as support. If we close above 91 today then def looks like it's heading to test/break through the 94 resistance level and establish that as support. Based on recent action it may reject off the 94 level today but I'm guessing we'll be crossing through that pretty...

heidib

NTLA rejected off the 17 level and retested high 15s as expected but looks like it's establishing a new support level around 16.25...If so, a couple hundred of my shares will be called away next Friday at 15.78 avg. so I'm waiting for next nice red opportunity to sell more 15 puts on this to keep reducing avg. cost. While I'm long CRSPR stocks (NTLA, EDIT & CRSP),...

heidib Updated 

BZUN has been blowing through resistance levels, hitting new highs but will they hold? I've been selling puts on this since 18-19 and never getting assigned any shares...although it looks like strong bullish confirmation after breaking the 25.2 level, i think the patient chartist would wait for a retest of at least that low 25 level before entering at this point....

heidib Updated 

SNAP is testing 17 support area, which has been pretty solid up until now. Will it hold? If not, maybe ppl saying we could see 10 are correct - especially given 2 upcoming lockup expirations end of this month & August! Keeping my 18 & 17 short puts open and will look to sell loads more during lockup expiration window - especially if it closes < 17 today/soon....

heidib Updated 

Looks like SHOP's uptrend line held and we're resuming climb but it won't be clear until 91 level closes/holds as support. If we close < 91, I'm guessing we'll retest the uptrend line again where it intersects around 87.4 support. If we close > 91 (and then open and close > 91 tmrw), I think it'll keep going to test the 94 resistance level and perhaps establish 91...

heidib

Looks like Energy Recovery has been trading in7.45 - 8.7 range for some time now so will likely retest 7.45 before moving back up to mid 8s (unless sudden rise in energy sector which it follows closely). I'm def watching for opportunity to sell loads of 7.5 puts to further average down my position but I recommend the same to anyone seeking entry bec. < 7.5...

heidib

Looks like AQMS was trying to establish support around 17.65 after good Feb. ER, but totally broke down through 3 support levels after reporting May ER loss, testing 10.65 and finding resistance at 13.37 area. Seemed like it was finding support at 12 level but now looks like it's testing it. Will 12 hold til Aug. 8 ER or will it break toward 10.65 again. I'd guess...

heidib

Ouch! Looks like 300 level support may not hold - particularly in this market environment...if it breaks tomorrow, i'm guessing we'll see 250s and maybe even < 200 since I don't see any real strong support til < 190! I really have to learn how to short...!