LLY is looking like a promising buy. 12 day SMA just crossed the 50 and everything is on an uptrend. Fib retracements indicating to the 1024 mark and if it crosses it should be heading even higher.
AAPL has finally broken through the primary fib retracement and is continuing on the up side. SPY is looking great and all the mvg are on same trend. Market in general is at a good buying range.
Bought AAPL at 281 and has ended the day at 287. Fib levels are at 289 and if it crosses that tomorrow it should continue to cross. Keep an eye out for the bounce back. I set the stop loss at 284.
AAPL is a good grab for tomorrow. All mvg have lined up and SPY is trending up and at it's highest. TTM squeeze also looking good. Fib Retracements say its going to 290 but once it breaks through it will definitely push higher.
Keep an eye on AAPL. 12 day mvg is pushing to cross the 50 and once it does it will be a great buy. SPY is at its highest and TTM squeeze are all following great pattern. Keep an eye on Monday.
NVDA moving averages finally crossed. It is a perfect buy right now. TTM squeeze looking promising and should be pushing to around 212 according to fib retracements.
Keep a close eye on NVDA. 4 day mvg just had a cross over the 200 and 50 and if 12 day also crosses, it will be a good buy. SPY is also on good move up and TTM squeeze looking promising.
Keeping a close eye on spy. It is on the upward trend but the moving averages are still not indicating the right trend. If the chart crosses the 200 day mvg, there is good potential to take it.
Volatility shot up today and will continue to keep a close eye on the market. LLY and V hit both stop losses because of this so this might be a good time to look for any buys.
ALAB looking like a promising short in a couple days. Moving averages are starting to line up and once 4 day MA crosses the 12 it should be a hit. To be safe I would wait for TTM to start moving downward as well. Keep an eye on this.
Sold LLY at 920.77. Looks to go down to around 878 with fib retracements. Broke through 61% barrier on the 17th so it looks promising to keep its track.
$lvs is above 4 day /12 day ema and 4 day ema is over 12 day ema. Tailwinds in favor.
July 60 Call Naked and exit if below 200 SMA. To reduce cost basis, sell May 28 62 or 63 call . not much premium, but will help with cost basis and negative theta
Selling 130 or 125 June Put ( and get assigned if needed) also reduced cost basis. If you want to reduce cost basis, Sell 130 Put and buy 110 Put for a put vertical.
$AMD very good chance of AMD finally getting out of the slump
Sold 85 Put Bought 70 Put For a Put Vertical collecting $7.33.
Exit when combo drops below 50 % or stock drops below 72.96
One of the underrated trading strategies among retail traders is not using spreads. It reduces cost basis , saves buying power and lesser losses.
Selling ITM /ATM spreads on a likely moving stock helps , instead of just buying calls and a flat day kills Option premium