the_get_man

the_get_man

Maybe a couple nice earnings can make this re-tracement a bottom. If not I think it trades lower to 63.50 and hopefully washes out all the sellers. But every trader and their mom are looking for a bottom in this stock, so false bottoms and false break outs are going to kill any traders not looking at this as an investment opportunity. I think institutional...

the_get_man

SLV formed a cup with handle on the weekly and has formed an inverted head and shoulders on the daily. This is the Setup: Trigger: 16.25 Stop: 15.75 Target: 23.80

the_get_man

Silver has formed another cup with handle. Below is a link to the last one that formed in 2016. In addition to this chart the daily has formed an inverse head and shoulders to break out of the handle. I'm looking for a target of 23.78 by 2018. I will publish my head and shoulders chart for an early entry in this cup with handle formation.

the_get_man

ABX is up at a level that sellers love to ask for. It has tremendous selling pressure at 18 I am going to trade this stock to a price target of $16 before earnings using options, Mar17 17 Puts: Trigger: .73 Stop: .53 Target: 1.33 R:R: 3:1 Plan A: Look for this trade to work and close before earnings regardless of profit or loss. Plan B: Stick to Plan A

the_get_man Updated 

The 10ema has finally crossed the 50sma on the daily (my favorite buy n hold signal) This is the setup: Trigger: 74.81 Stop: 72.86 Target: 82.68 R:R - 4:1 I want a pull back to 74.81 to trigger me in and then I want two things to happen: 1. 74.50 to hold support 2. 50sma to hold support so that so that no candles close below it I really like that the volume...

the_get_man

Nike is trading near 52-week lows, has formed a new trend of higher-highs and higher-lows, and the 10ema has crossed the 50sma which I love to see. Would love to get a Pull back to 52. Since I do not expect Nike to go that low I am going to sell some Jan17 52 puts for .26. will enter a long put for account leverage. The setup is: Trigger:52 Stop: 51.33 Target:...

the_get_man Updated 

a doji at the bottom of a flag pattern engulfed by a bullish candle. I will trade the top of the engulfing candle with a stop below it. Trigger: 23.85 Stop: 23.07 Target: 25.43 Plan: Allow 2 days to trigger. move stop up after two opens/closes above the 10ema. take all at target.

the_get_man Updated 

Entered MRK with Feb17 60 Calls. Buy Low sell high. Playing what looks to be an exhaustion gap doji at the bottom of a channel Trigger: 1.30 Stop: .85 Target: 2.92 R:R: 3:1 I expect a bounce or a gap up in next couple days. If it does not come I will look to exit aggressively because these setups usually work fast if identified correctly.

the_get_man

CLD formed a bullish flag pattern. I am going to play the top and bottom of the bullish engulfing candle: Trigger: 5.96 Stop: 5.62 Target: 6.64 Plan: I will allow 3 days to trigger. Take all at target. Move stop up to break even with 2 closes above the 50sma.

the_get_man

Long ABX Feb17 14 Puts @.89 Stop: .69 Target: 1.36 I think ABX has formed a small double top, has the 10ema on the daily coming, and also has a strong old support/new resistance above my stop. ABX closed at 10.72 last time gold was this price and the trend line looks like that valuation is close to accurate. Tons of option interest in these options with 1 cent...

the_get_man

Entered O with Jan17 55/50 Credit Spread for net premium of .78. Spread entered instead of naked put for account leverage. Break even - 54.22 Stop - 52.41 R:R 2:1 Plan A: Receive .78 credit (ROI: 18.5%) Plan B: Get put shares, hold stock for monthly dividend. Exit all at 58.26. Plan C: If the ascending trend line fails to support stock I will look to exit...

the_get_man

Wrote 2 CS Jan17 15 Put contracts for .55 each. Break even - 14.45 (neckline) Stop - 12.95 (below right shoulder). Target 1 Reward:Risk - 4.25:1 Plan: Recieve 1.10 credit. Get put shares on retest of neckline. Hold stock and replace stop-loss with costless collar Lot of upside potential if 14.34 can hold

the_get_man

For my buy and hold strategy: I look for BlueChip Dividend Payings Stocks that have traded down to 52-week lows and the long-term daily moving averages (200, 100, 50) are respective to one another in terms of height on the graph. For example, the 200 is at the top and the 50 is at the bottom. I then add the 10ema and once it crosses the 50 I look for an entry. I...

the_get_man

It looks like Starbux consistently finds a consolidation floor and then climbs uphill. Could this consolidation be the spring loading up to the anticipation of earnings that will soon have chinese samestore sales included? I believe alot of investors are waiting for earnings and if earning are good and SBUX pops up and opens above 54.50 If this happens then as a...

the_get_man Updated 

I think gold retests the previous highs after a nice double bottom. I am going to see if I can get a pull back from the strong run up today and use the following setup: Trigger:20.65 Stop:16.54 Target: 35.66 (previous highs) The stop has the double bottom support and the 200simple in its favor for a very conservative stop. I will hold this position as as long...

the_get_man

Selling SeptWk1 126 puts for at least 1.50 premium The setup is based on the break even point of the put sale so position size should be calculated based on this setup: Trigger: 124.50 Stop: 124.00 Target: 137.17 I do not expect to own shares off this put sale--although I would like to own ALXN at these levels--because I believe this is just a corrective pull...

the_get_man

Celg has come out with a bunch of bullish news including new drug approvals in Europe and a recent earnings report blowing past expectations. I figured CELG was on the way up about about a couple weeks ago when I drew the wave count. I made some good premium selling some way out of the money puts but was really hoping to catch the wave 2 correction at the .5 Fib...

the_get_man

Apple reported a decent enough earnings to remind investors that people still use apple products. As a result the stock gapped up and trapped a lot of investors that went short leading into earnings. Since apple now gapped up above the 100-SMA I would like to own APPLE on the retest of this moving average which is @$100.12. I don't think it will get to this...