In today’s Daily Digest, we’ll review:
- New position in QQQ.
- No adjustments are needed today.
- Exited XME and IWM at profit targets.
- Current status of open campaigns.
Let’s dig in!
Expert technical analysis of financial markets by JC Parets
In today’s Daily Digest, we’ll review:
Let’s dig in!
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
The hangover from the massive ramp in NVIDIA $NVDA is shown pretty clearly in the current premiums in out-of-the-money options.
The big moves — in both directions — are still fresh memories for all participants in this stock over the past several months.
This sets up an opportunity to put on a high-probability bet that the range in $NVDA will consolidate a bit here. [Read more…]
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
These cookies were made by a member of my Trader’s Meetup group. She brought them to our gathering last night and made plenty to share with everyone.
Where else can one bring cookies with Japanese candlesticks and receive a rousing ovation from all in attendance?
This is how you know you’re with your people.
Eventually, our spouses get tired of hearing about our “failed breakouts” and “doji reversals.” Our non-trading friends look sideways at us for complaining about “the never-ending bull market that’s overdue for a correction” talk. Our relatives have no friggin’ idea what you’re talking about when you mention phrases like “delta-neutral” or “backwardation.” And your neighbor has no idea what it means when you bring up “the overhead resistance at $74,000.” [Read more…]
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
I came into today’s Flow Show not having much of an appetite for any aggressively bullish bets. But by the show’s end, I’m putting on a straight gamble! How the hell did that happen? Watch the video above to find out.
The chart and setup that piqued my interest is this one in Riot Platforms $RIOT:
Now that the Bitcoin “halving” is out of the way, will the prior RIOT/Bitcoin correlation that was strong until the last three-ish months reassert itself?
And if it does, will $RIOT catch up to Bitcoin? Or will Bitcoin catch down to $RIOT?
Judging by the basing action we’ve witnessed in Bitcoin in recent weeks, I think the next big move is higher. And if $RIOT “catches up”? It could be a monster winner in a hurry.
Bonus kicker: Riot Platforms announces earnings on May 8th. That could be the big push we need.
Here’s the Play: [Read more…]
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]