srcontrol11

srcontrol11

Breakout set up with short squeeze high potential. I do have a position on this one for next weeks expo

srcontrol11

Liking the indicators here. We have a trigger of all 3 moving averages (circled) with a continuation bar this week. Be looking at a retest in the next couple weeks of the 65 level. Jan 17 65 call looking to purchase on Monday for a hopeful power move next week with the Santa Rally on the front burner.

srcontrol11

Long position taken on American Steel. Jan 3 call spread 15.5/16...5 contracts. 40 at risk with 210 max to gain. Like the upside with price action holding.

srcontrol11

The furthest BAC has moved away from the mean is 19% Over the last year or so. BAC has moved around 17% to the upside the past few months with no significant pull back. BAC is set for "breath" in price action. If negative news develops it could amplify the downward move. I like the Dec 27th 30-30.5 puts here as a conservative wager. You could look lower if...

srcontrol11 Updated 

market, without new stimulation, wants to consolidate. The upside momentum appears to divergent with downside momentum falling stagnant. It looks like you can range trade this.

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Short term pullback. I like the Jan/28 puts. See if we can get filled tomorrow for around .68c

srcontrol11

Like the momentum to the downside on this one

srcontrol11

Little sell off today...selling into earnings. I'm not buying into the short side here. I'm long on TJX they respond either neutral or into the trend of the market when earnings come out. This is an unusual price action day for TJX. This stock has 21 times earnings and has made all time highs with more potential to continue to the upside with the holiday...

srcontrol11 Updated 

HD has broken trend and appears to be over valued. Divergence suggested earlier that this move would happen and it has. A move down to a consolidation level would be my guess. I have no positions in this underlying but will get short on a retracement .5 or .618 level if price tries higher. GL

srcontrol11

Alright guys I'm the contrarian here and saying that its time for this market to take a 5%-7% retracement. We are nearing that 45 day period and noticing the last 2 retracements the happened between 45-55days from the uptrend. We are at that point. AND the market is dancing on razor wire meaning if Trump so much as coughs that China deal is not going to...

srcontrol11

This the next evolution in TV folks. Cable and Satellite are a way of the past. Like the internet back in the early 90s with AOL and Google etc...these guys may be one of those companies that IS the next big freaking deal. <---that's for the Buffet investor types. Short term guys/gals, this stock has cracked trend to the upside and am looking to get on board...

srcontrol11

clearly the market did not respect the earnings reports nor should they. WMT is over stocked with crap that can be found on amazon and soon will fall to the way side such as the department stores. Jack of Trades and master of holding the bags (mind you this will take a long time). Anyway for WMT is out of steam. Divergence at its best a spike in price with a...

srcontrol11

Entry and target marked

srcontrol11

Liking the level here for entry long. Manage trade for target and stops...trailing stop I think is preferred here to maximize the upside potential.

srcontrol11

a momentum play to the downside. looking at pivot points for target.

srcontrol11

looking for 100pip move down...stops tight

srcontrol11 Updated 

Showing signs of support at entry level...long potential stops are tight.

srcontrol11

A Break above price with a close to confirm would trigger a long position. Will need to watch closely for pivot reversal at purple line.