Short UtilitiesUtilities have risen along with a bond rally, stock market surge and AI-hype. Stock market is back near peak valuation hit in late 2021, AI-hype is fading and surge in commodities is putting a lid on bonds. XLU also firing exhaustion signals.Shortby BasedCharts0
Silver Miners pop, down and then launchI feel a flash crash coming on, similar to Covid - wouldn't surprise me if Birdflu was the catalyst (see my NASDAQ:GILD idea). The patterns line up exactly the same. You can't see it with this picture, but tons of my indicators are going off -which I will post below. Silver Miners will exit the ascending triangle this go around as the commodity supercycle takes off. Could silver miners go a little more up then down? Absolutely, but miners are sensitive to market rallys and poundings like other stocks (see the pandemic in March 2020 on the chart).Longby EmptyEternityUpdated 224
Spy 🐻🚩Bear flag showing here on spy and a few other indexes/ sector. This bear flag would be consider a handle for a inverted cup and handle. Smaller time frame looks like this spy And heres NQ We are headed back to bear flag support around 500.. from there we could either finish one more bounce higher 511-514 before finishing the leg down to 480 The bear flag starts below 500, first target is 495 gap close.. The Inverted cup start below 495... short it and every pop to 480 Vix 2hour - bullish wedge DXY 4hour - bullflag Shortby ContraryTraderUpdated 5959132
Silver miners looking bullishThis monthly chart of the Golbal X Silver Miners looks bullish. After a decade of pullback and consolidations, silver miners seem ready to rise. We like the recent increase in volume and the bullish structure on the MACD. A break above $39 would exit the downtrend line linking the tops and would confirm the exit of this long wedge. Next resistances at $53then $94. A break below $22.50 would invalidate this view. -------------- In the context of gold and copper making new all time highs , the devaluation of currencies by countries around the world, starting with the US, and the increasing needs of silver for industrial production of alternative energies solutions, we think that silver and silver miners are due for a catch-up. Longby powerintegral0
SOXL and the sentiment cycleAMEX:SOXL setting up for a beautiful run ahead of NVDA earnings. Note the structure similar to Justin Mamis sentiment cycle.Longby Ben_1148x20
BTC Profit HedgingBitcoin has had an absolutely epic, face ripper rally over the last year and it may be time a look for a pullback in price as buying opportunities present themselves. Today I have been considering the BITI Short BTC ETF which could give us an amazing hedge if BTC sees a sharp decline. Now I do believe we reached a maximum pump at $50k, and I dont quite see the probability of Bitcoin moving higher just yet. Historically, we tend to see corrections moving into the halving cycle for April. But after that I would expect Bitcoin to officially start the next bull run. So if you would like to stack some more Bitcoin in your portfolio, this can be a good opportunity to triple your holding if we pull back to $30k or lower. I like the RSI showing us extremely oversold for quite a while, and its only now starting to tick up. Additionally, we are still below the range point of control which sits at $13.40. Anything above this price point I would expect buyers to hold their profits until the higher targets I have marked above. My plan, I am going to buy this ETF if Bitcoin sees a pop back up to $50k. Otherwise, it does seem like a great technical entry regardless. Good Luck! Longby afurs1Updated 7710
MSOS - Ascending Wedge- Downward MoveI actually would like to see MSOS move upwards. The only thing that has me worried is this ascending wedge that is pretty obvious. Classic move downwards to the .786 Fib around $6.28 range. The only thing that would catapult it up would be the reclassification to Schedule 1. I would like to see it break and test the ~$12 area. The is not trading advice, just something I happened to notice and wanted to share. by MadWicketUpdated 0
short term top in?7 points up in 7 weeks or 49 days. after going up 14 days. a move down into june is something to consider. this is not financial advise. do your own research. please dont follow my trades unless that is what you want to do. i dont want to be responsible for your success or failure. that is a heavy burden to carry which i am not ready for. my posts are intended for educational purposes to teach you how to learn to speak the language of numbers. Shortby Oppollo0
DIVERGENCES ACROSS ALL TIME FRAMES. I NEVER IGNORE THIS. No matter if I miss it or not. I obey my rules. Probable pullback coming. In cash... Waiting... The borrower is slave to the lender. I NEVER PAY INTEREST ON ANYTHING. I never borrow anything. So I have never shorted anything more than intraday. Now that I am back swing trading again. Longs only and cash on the sidelines is the only play. Hell with 5% MM's that's a better trade than shorts. No matter how dumb folks like Robert Kiyosaki think not borrowing money is... Peace of mind and freedom is more valuable than any gains one can make from debt IMHO... To each their own. Takes all kinds to make the world turn. Could be wrong here. Holding on to gains and not losing is more important than making more. Risk to reward is the name of the game. Money management is the job. Probabilities turned to the short side for a short time. I am not into positional trading anymore as anything can happen. It only takes 15% to 30% a year to make millions in the end. That's beating the S&P @ 10%. If you can do that consistently that's the ticket. Always hitting 10x's is a pipedream. BASE HITS! by ENIGMA14405
Opened (IRA): ARKK July 19th 40 Short Put... for a 1.01 credit. Comments: Adding a short put here in the vicinity of the 25 delta out in July with a break even better than what I currently have on for my covered call. (See Post Below). Will generally look to take profit at 50% max.Longby NaughtyPinesUpdated 0
Time to short the marketWere back at the top in this distribution phase if you miss this top there will be one more, but were only gunna maybe see one more pump before a big bear market.Shortby jlevtrading1Updated 2
Opening (IRA): BITO July 19th 30 Covered Call... for a 26.12 debit. Comments: Re-upping after closing out my longer-dated covered call (which I had rolled all the way out to December). Selling the -30 delta call against long stock here. As before, will look to roll out the short call for duration at 50% max, collect the monthly dividend along the way ... . I'll also look at selling short put, assuming I can get in on weakness and with a resulting break even better than what I currently have on.Longby NaughtyPines0
SPY Short 3-8% Correction I Don't Think So Goo Long Bull RunThe correction??? In my opinion and chart theory suggest its time to go long and find the proper to stocks to be in Subscribe for update stock pick and the best sectors to be in so your not left behind!! as for todays daily chart set up I suggest calls at least a week out as chart indicates Goodluck traders like and subscribe as for members that listened and got in Baba ,3m, Pltr, & Tesla congratulations I woke up this morning up 10k took profit!! not that many industries where u make 10k over the weekendby JoeWtradesUpdated 12
Silver is in short term consolidation before breaking $30It doesn't matter what short term paper contracts do, or taking profits - the East is importing gold and silver at a beguiling rate that won't allow for much shenanigans for the metals market. I was however surprised to see the price bounce exactly off the top of the box. I see silver going down to $24 area, shake out some hands, and rocket up past $30 after options expiration date. I see a smaller consolidation week in May before going even higher. I HIGHLY recommend Silver Miners right now. They saw some life this week and last - and since they usually lag, I can see them being down for the next two weeks before going up themselves. I like AMEX:SIL , AMEX:SILJ , and NUGT for indices, and NYSE:NEM for the best miner in the world for one simple reason - AMERICA will be the LAST country to nationalize their natural resources in a communistic reaction to the skyrocketing dollar. I expect that to happen starting next year. Longby EmptyEternityUpdated 1113
Opened (IRA): BITO April 19th 31 Covered Call... for a 27.54 debit. Comments: High IVR/IV at 97.9/81.9% and a monthly dividend to take advantage of. However, the monthly dividend has varied widely -- with the last two distributions paying .36 (February 8th) and .73 (March 8th) with an annual dividend of 8.72 (.73 average monthly) (31.7% annualized as a function of current price). I'm primarily looking to grab the April monthly here; anything additional above my break even will be gravy ... . In any event, the metrics: BPE/Break Even/Cost Basis in Shares: 27.54 Max Profit (ex. dividend): 3.46 ($346) ROC at Max: 12.56%Longby NaughtyPinesUpdated 112
3rd try at breaking through long-term resistanceGold is showing a classic long-term cup and handle period. Spent about 7 years in the "cup" (long shakeout period from the bubble that had formed after the last financial crisis followed by an eventual rally to previous all-time high). It has spent over 2 years now in the "handle" (period of consolidation giving the appearance that price can't break through the previous all-time high). After a recent shakeout and false breakdown from the handle pattern, it looks like it wants to test the all-time high again and this time there's a major catalyst (flight to safety due to all the uncertainty recently with the banks and the potential for yet another financial crisis). Due to that, I don't think you need to wait for a breakout of the all-time highs around $195 in GLD but that would be a safer entry (a monthly close above that level). Of course another shakeout from that level could follow because if I have picked up on this potential trade, then many others likely have also. Anyway, I am just speculating and not a financial advisor, if you decide to follow this please trade at your own risk and diversify (this trade won't break the bank for me personally if it doesn't work out and it shouldn't for you either).Longby PatientContrarianUpdated 1
TQQQ DojiTqqq Doji point alreay there. it will fall down very soon and very quickly without any notice. by johng2001Updated 221
Opening (IRA): SMH July 19th 205/215/275/285 IC... for a 2.17 credit. Comments: An additive delta adjustment to the current SMH IC I have on. (See Post Below). With the original setup's short call aspect converging on -25 delta and the short put converging on +10, selling a skewed IC with the oppositionally delta'd short call/short put (i.e., at the +25 short put and the -10 delta short call) to bring back the position back to net delta flat with 63 days until expiry. 4.40 total credits collected with a current delta/theta of 1.02/5.81. by NaughtyPines0
SPY - S&P 500 ETF Prediction May 17th 2024🔴 Resistance - 529 🔴 🚀 Target - 529 - 530 🚀 🟢 Support - 528 🟢 🚀 Target - 527 - 526 🚀 🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫 🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR ASSUMPTION & EMOTIONS HAS NO VALUE IN THE MARKET Our motto is to help each and every individual to reach and achieve their financial goals across the world by empowering individuals with the accurate knowledge and skills necessary to navigate the complexities of the financial markets successfully. 💪 Please NOTE 👉 Levels shared are for intraday trading only. 🚫 Disclaimer 🚫 All information shared here is for educational purposes only, Please consult your financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you make. No Buy Sell Recommended 🚫 Request your support and engagement by like, comment & follow to provide encouragement CHEERS 👍by globuscapitas445
Opening (IRA): BITO June 21st 24 Short Put... for a 1.82 credit. Comments: Adding a short put on weakness here to my covered call, which I'm sticking in with to grab the monthly divvy. I'm okay with being assigned additional shares, since the break even of the June 24 is below the cost basis of what I currently have on. Otherwise, I'm perfectly fine with doing my usual take profit at 50% of max. Metrics: Buying Power Effect/Break Even: 22.18 Max Profit: 1.82 ($182) ROC as a Function of Buying Power Effect: 8.21% ROC at 50% Max: 4.10%Longby NaughtyPinesUpdated 0
SPY and indices could be at a location for shortI have been waiting for a few things to play out before even dreaming of posting the idea of a short. But we are at a spot I will be seeing how it plays out and it may not fully trigger till next week, but figured give you heads up.Shortby alleytraderUpdated 0
✅SPY GROWTH AHEAD|LONG🚀 ✅SPY broke the key Horizontal level of 524$ Which reinforces our Bullish bias and I think That we will see A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx113