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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1/19/18 – 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

1/16/18 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

 

Market Overview from June 11, 2013

Good evening everyone.  Let me start by saying that when I checked the market at lunch time, I almost fell out of my chair when I saw we had faded the gap.  At that point I thought we were going to move higher, but the bullish recovery was only to be short lived.  Once again, I wish I had taken my profits in HD.  Now at the end of the day I am down slightly.  More lessons learned.  In an uncertain market, take profits and wait for a better opportunity to enter.  Now I need to hope for a bullish day tomorrow, but with the way Asian and Australian markets are acting right now, that doesn’t look like a good bet.

While I’m still neutral on the market, my tendency is to lean more bearish.  I think we will retest the 50 MA and the 161.20 level on the SPY.  From there we will either confirm the bearish move or bounce and come back up to retest recent all time highs.

See SPY chart below.  Notice we are approaching some strong support lines (50 MA and 161.20 as mentioned before, but we also have the short term downward trend line and we have the long/intermediate upward trend line.  SPY_JUNE_12_2013

 

Going over yesterday’s picks:  FSLR never triggered on 15min, WYNN never triggered on 15min, SLV did not close below my entry and DNKN you could have made $0.30 per share or you could have done well with options.  Despite the uncertain market, DNKN could keep moving upward with MACD crossed, and Stochs/RSI bullish.

What I’m Looking at For Tomorrow: FSLR, WYNN, SLV and DNKN

Greetings!  Here are the stocks I am looking at for tomorrow.

As I mentioned in my previous post, I think the market will continue upward, it’s just more of a matter of when.  I don’t think there is much to drag the market down at this point, but you never know.  As a result, almost all of my trades are bullish aside from SLV.

So let’s begin with FSLR.  This stock just looks flat out strong.  I know we have a wick staring us in the face, but I think the real target is the higher wick at 58.93.  We are above the MAs and all the indicators are turning up.  I would like to see MACD cross bullishly, but other than that the signs of bullishness are there.  This will be a 15min entry.  My stop will be where the two trend lines intersect, at 53.70.

FSLR_JUNE_11_2013

WYNN:  If you trust this trade, it has a very nice risk/reward ratio.  Indicators are turning up, but again it would be nice to see MACD cross bullishly to confirm the resumption of the bullish trend.  This one is a 15min entry.  I like the looks of it.  Let’s see if the market cooperates.

WYNN_JUNE_11_2013

 

SLV:  This one could either be a double bottom or the breaking of resistance.  Right now I am looking for it to break support and enter on a close below 20.72.  If that does happen, then the next target is 19.36.  Again, I would like MACD to turn down to support the trend, but stochs have turned and RSI is supporting.

SLV_JUNE_11_2013

 

Lastly, we have DNKN.  MACD crossed today (just barely!).  The other oscillators are pointing upward, we are above the MAs and today was a low volume day.  I think this guy will be bullish even it takes a week or so to reach the target.  This is a 15min entry for me with a target of 42.58 and a stop of 40.65.

DNKN_JUNE_11_2013

 

Best of luck to all and happy trading!