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)

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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

1/9/18

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