How low will it go? How will it affect altcoins? Should be interesting.
Rising wedge being played out. BTC making a lower low signaling there is further downside to come. It should retest $40-43K. That could trigger a further sell off if more leveraged traders have to unwind.
Apple gaped down on Feb 17th after breaking long-term uptrend. I think Apple will bounce up and fill this gap around 132.50. Gaps fill 80% of the time. I think it will then hit resistance. Too many factors are bearish for Apple. Rising Yield Curve resulting in lower multiples. Rotation out of Mega Cap Tech and into Cyclicals. The reopen of the economy and consumer...
$26 has held very well over the past month as it has now bounced off that level 4 times. Resistance at 27.75 and 28.25 and $30. A clean break above $30 could lead to a new ATH. I am staying long Silver as this could take 6+ months to play out.
Not advice.
A big run in the Russell 2000 this past week. Looking over bought on all levels and looking for a pull back towards the 50 day moving average (blue line shows divergence). I bought Oct 23 Exp $160 PUTS.
Not advice.
Yesterday Draftkings dipped below my long term uptrend line. I sold most of my $60 calls last week when the stock hit $63. I have now bought $45 puts yesterday. I expect a big drop. I may sell them today if the price drop is significant.
AMD making a clear U shape and looking very bullish for a potential move above $90 in the coming weeks. I don't think it will go straight up and we might see a slight pull back next week. This is how I think it could play out.
The way Draftkings has a hold on the gambling and daily fantasy market with constant positive headlines, PENN seems to have moved too high for its own good. I would love to short this stock, but I think that would be a mistake. The key here is Barstool Sports and their original content. This is more than a gaming stock, this is a media play as well. I think this...
The volume came in strong today at about 10:30am. It broke initial resistance at about 21.30 for confirmation and continued to move higher. I bought October 30th $24 call options on this break out. If this can break $24 we could see $27 or even $30 again before earnings.
U shaped recovery. Potential cup and handle in formation here. Q2 earnings coming up on September 2nd. I think this stock will run up before earnings as expectations will be high. This company is profitable and business has never been better. CEO said that they are more profitable when volumes are high which I think will be the case.
This is a mortgage company...
