1/26/18 Market Update

Current Positions:

$DIS: 25 shares.  Current Status: +0.56%. Plan: Sell at Target 1: $113.16.    Earnings: 6 Feb

$DNKN:  3 March 67.5 Calls.  Current Status:  +12.3%.  Plan:  Target 1:  70.82

$IWM:  2 March $157 calls.  Current Status: One call @ +25%  Target: $162.09

 

$C:  2 March $77.5 calls.  Current status:  CLOSED +18.8% Target 1: $79.64  Target 2: $81.97  Earnings: April

$MCD:  2 February $175 calls.  Current Status: CLOSED -3.2%

$WMT: 2 March $100 calls.  Current Status: 2nd contract +97.4%. CLOSED

NEW:

$AXP:  2 March $100 calls.  Current Status: -3.9%   Target 1:  $102.37  Target 2: $104.94 Target 3: 108.26

 

In addition to the above, I also cover: $SPY, $QQQ, $CAT $DE $EBAY $FCX $TSLA

Video here:

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1/23/18 Market Update

Current Positions:

$AAPL: 2 February $180 calls.  Current Status: -17.9%.  Target 1:  182.13   Target 2: 189.59  Earnings:  1 February

$DIS: 25 shares.  Current Status: +0.55%. Plan: Sell at Target 1: $113.16.    Earnings: 6 Feb

$WMT: 2 March $100 calls.  Current Status: 2nd contract +81.58% Plan:  Sell at Target 2: 108.69  Earnings:  15 Feb

$WYNN: 1 February $175 calls  Current Status: +138.5%  CLOSED

New:

$C:  2 March $77.5 calls.  Current status:  +6.7% Target 1: $79.64  Target 2: $81.97  Earnings: April

$EBAY: 2 February $38 calls.  Current status: +19.3%  Target: $40.12
Earnings:  31 January

$IWM:  2 March $157 calls.  Current Status: +27.2%  Target: $162.09

$MCD:  2 February $175 calls.  Current Status: -0.74%  Target 1:  $179.06  Target 2:  $183.31 Earnings:  30 January

 

In addition to the above, I also cover: $SPY, $QQQ, $FCX, $FB $KORS, $KO $LULU, $TSLA

Videos here (parts 1 and 2)

1/22/18 Market Update

Current Positions:

$AAPL: 2 February $180 calls.  Current Status: +2.38%.  Target 1:  182.13   Target 2: 189.59  Earnings:  1 February

$DIS: 25 shares.  Current Status: +0.55%. Plan: Sell at Target 1: $113.16.    Earnings: 6 Feb

$WMT: 2 March $100 calls.  Current Status: 2nd contract +66.5% Plan:  Sell at Target 2: 108.69  Earnings:  15 Feb

$WYNN: 1 February $175 calls  Current Status: +57.26%  Plan:  Target 1: 178.35  Target 2: 188.58.  Earnings:  1 Feb

New:

$C:  2 March $77.5 calls.  Current status:  +1.72% Target 1: $79.64  Target 2: $81.97  Earnings: April

$EBAY: 2 February $38 calls.  Current status: -19.6%  Target: $40.12
Earnings:  31 January

$IWM:  2 March $157 calls.  Current Status: +14.7%  Target: $162.09

$MCD:  2 February $175 calls.  Current Status: 0%  Target 1:  $179.06  Target 2:  $183.31 Earnings:  30 January

 

In addition to the above, I also cover: $SPY, $QQQ, $FCX, $KORS, $LULU, $TSLA

Video here

1/19/18 – Market Update

Current Positions:

$AAPL: 2 February $180 calls.  Current Status: +18.5%.  Target 1:  182.13   Target 2: 189.59  Earnings:  1 February

$DIS: 25 shares.  Current Status: +0.4%. Plan: Sell at Target 1: $113.16.    Earnings: 6 Feb

$WMT: 2 March $100 calls.  Current Status: 2nd contract +64% Plan:  Sell at Target 2: 108.69  Earnings:  15 Feb

$WYNN: 1 February $175 calls  Current Status: +17%  Plan:  Target 1: 178.35  Target 2: 188.58.  Earnings:  1 Feb

 

In addition to the above, I also cover: $SPY, $QQQ, $C, $DNKN, $EBAY, $IP, $IWM, $MCD, $MMM, $TSLA

Video here: https://youtu.be/c80SVbCb8Aw

1/18/18 Market Update

Current Positions:

$AAPL: 2 February $180 calls.  Current Status: +19%.  Target 1:  182.13   Target 2: 189.59  Earnings:  1 February

$DIS: 25 shares.  Current Status: +1.8%. Plan: Sell at Target 1: $113.16.    Earnings: 6 Feb

$HD: 2 February $195 calls.  Current Status:  Second contract status:  +49% CLOSED Plan:  Target 2: $202.27.    Earnings:  13 Feb

$JNJ: 2 February $145 calls.  Current Status:  +26% CLOSED Earnings: 23 January.

$WMT: 2 March $100 calls.  Current Status: 30%; 1 contract sold for 30% Plan:  Sell at Target 2: 108.69  Earnings:  15 Feb

 

See today’s video for details:

1/17/18 Stock Picks

Current Positions:

$AAPL: 2 February $180 calls.  Current Status:  -17%.  Plan:  I entered Apple via the 5minute rule, but it did not hold its gains.  It closed right around the breakout level, so I’m looking for a bounce tomorrow.    Earnings:  1 February

$DIS: 25 shares.  Current Status: 0.82%. Plan: Sell at Target 1: $113.16.     Well, I put in a limit order for 113.10, but not in time for it to execute.  It was my own fault for not putting in the order prior to market open.  Now I’ll wait to see if it bounces off of the ascending triangle. Earnings: 6 Feb

$HD: 2 February $195 calls.  Current Status:  Second contract status:  +26%.  Plan: Another ugly candle today, but still not breaking any trends. Target 2: $202.27.    Earnings:  13 Feb

$JNJ: 2 February $145 calls.  Current Status:  +23%Plan:  Trim 1 call at Target 1: 148.63.  Ensure position is closed prior to earnings.  The gains didn’t quite hold, but better than a lot of other stocks today.  Still looking solid.  Earnings: 23 January.

$WMT: 2 March $100 calls.  Current Status: 0%. Plan: My plan remains to trim 1 call at Target 1: $103.85.  Quite a bit of action on WMT today.  Bullish trend is still in tact. Earnings:  15 Feb

 

Please see my YouTube video for actual analysis here:

 

1/16/18 Stock Picks

On Friday, we enjoyed another solid bullish move in the  markets.  I think we’re starting to get a bit over-extended/overbought here, but by managing risk through setting stops, I’m confident in nibbling on small bullish positions.

Current Positions:

$DIS: 25 shares.  Current Status: 2.2%. Plan: Sell at Target 1: $113.16.     Earnings: 6 Feb

$HD: 2 February $195 calls.  Current Status: Closed one contract for 35 gain%. Plan: HD had an ugly candle on Friday.  Not sure what caused the massive sell-off in the afternoon.  However, I’m still holding one contract, look at Target 2: $202.27.    Earnings:  13 Feb

$IWM: 2 March $157 calls.  Current Status: Closed position for 46% gain.  I only intended to close 1 contract, but had a lag in my app where I inadvertently sold two.  I’m tempted to get back in with one contract, but don’t want to push my luck since Target 1 was hit.  I’m very happy with the profit I locked in.

$JNJ: 2 February $145 calls.  Current Status:  +4.5%.  Plan:  Trim 1 call at Target 1: 148.63.  Ensure position is closed prior to earnings.  Earnings: 23 January.

$WMT: 2 March $100 calls.  Current Status: 0%. Plan: My plan remains to trim 1 call at Target 1: $103.85.  Not the prettiest candle, but there’s no reason why we can’t continue higher.  Earnings:  15 Feb

Breaking Out

$AAPL:  After flirting with the line for a while, Apple finally saw a breakout.  I’m not in love with $AAPL’s price action, but I do think it’s worth taking a trade here assuming the 5 minute candle rule works out.  Target 1:  $182.13  Target2:  $189.59.AAPL

$BEAT:  I’m honestly not familiar with this company, but based on the chart, it has broken out and looks like it has room to run.  Friday was a strong candle and I’d be interested in buying shares instead of options (due to low OPT interest) assuming successful 5minute rule.  Target 1: $34.14  Target 2:  $36.42BEAT.png

$MMM: 3M had a breakout-ish candle on Friday.  Again, not the prettiest candle, but it is technically above the breakout line.  I would consider a small position based on the 5 minute rule.  Target 1:  $249.06  Target 2:  $255.33MMM.png

$PYPL:  PayPal technically broke out on Thursday, with confirmation on Friday.  5 minute rule to get in on the action.  Target 1:  $82.27   Target 2:  $86.02PYPL.png

Other Types of Breakouts

$C:  Citigroup broke out of it’s wedge/triangle pattern on Friday.  Although it still needs to get through it’s breakout price level ($77.83), the fact it broke bullishly from the pattern is a positive sign.  I would consider getting in tomorrow based on the 5 minute rule.  Target 1:  $79.64.    Target 2:  $81.97C.png

$DNKN:  Who doesn’t like Dunkin Donuts? haha  Well even if you’re not a fan, you should like the strong bounce off of the 50% Fib re-tracement price.  Once again, observe the 5 minute rule, and if it permits, get in the trade.  Breakout line:  $66.43   Target 1: $68.35  Target 2:  $70.82.DNKN.png

 

1/12

After a pause on the 10th, the market had a powerfully bullish day yesterday on average volume.  I’m looking for more upside today.

Current Positions:

$DIS: 25 shares.  Current Status: +.91%. Plan: sell at Target 1: $113.16.     Disney looks to have bounced off of it’s ascending trend line and is set to run.  Earnings: 6 Feb

$HD: 2 February $195 calls.  Current Status: +6.16%. Plan: Trim 1 call on the way to Target 2: $202.27.   Home Depot had a nice strong day pushing above the stagnancy of the last few days.  This ought to be the start of another leg up.  Earnings:  13 Feb

$IWM: 2 March $157 calls.  Current Status: +52.21%. Plan: Trim 1 call at Target 1: $158.28.  Big breakout today.  Lot’s of room to run.  I like this position.  Earnings:

$WMT: 2 March $100 calls.  Current Status: -8.55%. Plan: Trim 1 call at Target 1: $103.85. Walmart filled the gap and then back tested.  I’ll be watching it rather closes as it needs to show it can break out.  Earnings:  15 Feb

What I’m Watching Today:

$CAT:  This one is a bit risky since it passed it’s first target, but the stock has been so strong, it’s difficult to ignore.  I’m thinking of either buying 1 ITM call or buying a couple of OTM calls with a target of $175.81.CAT

$JNJ:  Johnson & Johnson closed above the “breakout” line yesterday.  I’ll be watching on the 5min chart for a close above the first 5min candle before getting in.  I think this play has some good potential to run.  Target1:  $148.63  Target2:  $154.01.JNJ.png

$MMM:  3M has been a very strong stock in the intermediate term and showed strength yesterday after a weak Wednesday.  I don’t expect to get into this trade today, but I’ll be watching for a close above the “breakout” line of $244.19.MMM.png

$SBUX: Starbucks is back on my radar and is setting up for a breakout.  Again, I’m not crazy about this stock due to over head resistance, but I will keep an eye on it.  Target 1:  $61.13   Target 2:  $62.58SBUX.png

 

 

1/11/18

Good evening!  Interesting day in the market.  We had an early sell-off that recovered.  I see this as a mere pause in the action before charging higher.

I’m still holding $HD calls.  Nothing exciting happened today.  Had some time decay.  My stop is at $191, so I still have a dollar or so at risk before potentially getting stopped out.

Let’s take a look at some potential plays for tomorrow, my favorites being $AXP, $DIS, and $LVS.

Breaking Out:

$AXP and $JPM are both breaking out.  Personally, I like the $AXP play better than the $JPM play because $AXP has a slightly cleaner chart and more room to run, but both have good potential.  I would apply the 5min rule before getting into either of these positions.  $AXP Target 1:  $102.50  Target 2: $105.    $JPM Target 1: $111.06  Target 2: $114.69.  AXPJPM

Second Target Push

$FB and $NFLX paused yesterday, but had better days today, particularly $NFLX.  I really like the $NFLX play here assuming it satisfies the 5min rule.  My biggest concern with $NFLX is that it’s reporting earnings after market close on 22 January, so there isn’t a lot of time to let this trade breath.  In either event, assuming I got into the trade, I would set my stop at the low of today’s candle.  $FB Target 2:  $193.73  $NFLX Target 2: $222.24. FBNFLX

Still Trying to Breakout-Out

A number of stocks are still on the cusp of breaking out.  I’m keeping an eye on: $IWM, $JNJ, $PYPL and $SBUX.  Of all of these, $JNJ is probably my favorite since MACD crossed and is bullish.  A potential $10 gain for a $2.5 risk.  However, be aware that $JNJ reports earnings on 23 January.  I would not get into any of these until the last 5-15 minutes of the day with price solidly above the breakout price.PYPLSBUX.pngJNJ.pngIWM.png

Bouncing

$LVS is bouncing off of it’s 50EMA.  Stochastics are turning up, as is MACD, although MACD has yet to cross.  RSI has plenty of room to run.  It has a reward of $9 with a risk of just $1.5. Keep in mind that earnings is on 24 January.  Targets:  1:  $72.24  2:  $75.3  3:  $79.25LVS

$DIS.  This trade could easily go against you based on the technicals.  However, if the bullish trend continues as it has over the last few weeks, we could see a bounce with a nice gain.  Notice the ascending trend line that has acted as support 3 times in the past.  If it holds a fourth time, I’d be looking at a target of $113.16.  I’m not sure I would hold beyond that due to overhead resistance, but for a swing trade, there’s extremely low risk.  I would get in on the 5minute rule OR, if $DIS gaps up and comes back down to the trend line, I would enter a small position with a tight stop.  I’ll have  my eye on this one tomorrow.DIS

1/9/18

Nothing worked out too well today.  $FLIR popped as I expected, but it never got a close above it’s first 5min candle.  $IGT couldn’t sustain it’s pop.

$FB and $HD both had 5min candles that closed above their first 5min candle, but I chose to get into $HD (two 195 strike February calls) as it was the first stock to signal a buy.  I was up for a short time, but now down 40 cents, which isn’t too bad as my risk is low.  My stop will be the low of the first 5minute candle from today’s trading session.  Targets remain unchanged.

Potential For Breakouts:

$AAPL:  $AAPL still looks poised for a breakout.  Targets remain unchanged.  AAPL

$BABA:  I’m interested in $BABA if it can break out above $191.75.  Target1: $199.14  Target2: $208.75.BABA.png

$NKE: $NKE in a nice up-trend, poised to break out.  However with the overhead resistance above Target 1, I don’t love the trade.  Breakout: $65.23  Target1: $67.98  Target 2: $71.53.NKE.png

$PYPL:  $PYPL was in an up-trend, had a healthy pull-back and now looks poised to run further, as MACD turns up, if it can crack $79.39.  Target 1: $82.27  Target 2:  $86.02PYPL.png

Breaking Out:

$KORS:  $KORS has nearly doubled since July, but recently went into a “resting” or “sideways pattern”.  Although the Stochs and RSI indicate overbought and MACD is pointing down, the stock is still pushing higher.  There is still room for it to get back to and beyond it’s three year high at ~$73.  MACD is trying to turn back up.  I think there is still more room to run, especially if MACD turns up.  Target 1: $68.91   Target 2:  $74.82KORS

$WMT:  Good old Walmart has broken out from it’s holding pattern from the past few months.  I like this trade a lot assuming we get a close over the first 5min candle tomorrow.  Target 1:  $103.85 Target 2: $108.69  WMT

Target 1 Hit

$FB and $NFLX:  Both $FB and $NFLX hit their first targets today.  Depending on your risk plan, it may not be too late to get into these to see if they reach their second targets of $193.73 and $222.24, respectively.FB

NFLX