Director, Options and Income Trading for BIAS at Simpler Trading. 36 years professional trading experience. Expert in Options and Greeks. Not Financial advice.
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Since the start of the year, we have been in a downward channel and just tested the 200 SMA. I think we likely continue the trend lower to test the October and November low around $SPX 6550 area. @JimHarris873@TG_ProfitPilot
@tradingtimes4@TraderTammy1 Sorry, missed your post and thanks for the chart. You are correct and yes, software stocks getting pummeled! I am looking at other sectors and will come back to them when things start to turn. Too many other good opportunities out there.
$NXT ripping today on joint venture solar power plant deal. We have been in the stock for a while and it has been very quiet the last month or so allowing us to sell some nice premium on it and now resuming the rally. @TraderTammy1@JimHarris873@simplertrading
Happy Friday! We have payrolls today at 8:30 EST before the open. We have our weekly SPX trade on targeting a range of $SPX 6950 - 7000 so fingers crossed. The expected move is about 43 points so looking good so far. Don't forget about the potential SCOTUS ruling this morning as well. @TraderTammy1@traderDanielle@JimHarris873
$CALM is not being calm this morning and finding support. I decided to run a monthly chart since I do like to see if a stock is pulling back to the .50 or .786 on a high time frame. On the monthly, I like the zone of support 66-69. @TradingBruce@JimHarris873
This morning $CALM reported earnings of $2.13 vs estimate of $1.94. We have traded the stock several times last year and although counter trend trade, it looks interesting for an entry point around current prices. $CALM also has almost 7% yield so nice for dividend and Covered Call plays. @JimHarris873@TraderTammy1
Great work and love the levels. We are coming up on your SPX 6919 level and while I am bullish, the previous highs have been quickly sold so being careful here.
This is 1 year chart of the SPX and shows how close we got (SPX 6945) to our SPX 7000 target for today, but not gonna make it unless we get something really crazy .. lol. @TraderTammy1@JimHarris873
Merry Christmas all! I hope everyone had a great one. The market is open today (Friday the 26th) and we hit a new All Time High in the ES in the overnight session. $SPX 7000 here we come. @TraderTammy1@JimHarris873@KennyPolcari