Today’s trade is inspired by the latest Follow the Flow report. And it’s offering up a better than 4-to-1 reward to risk if we nail it.
We’re getting long Bausch Health.
Here’s the Play: [Read more…]
Expert technical analysis of financial markets by JC Parets
Today’s trade is inspired by the latest Follow the Flow report. And it’s offering up a better than 4-to-1 reward to risk if we nail it.
We’re getting long Bausch Health.
Here’s the Play: [Read more…]
I love the base resolution underway in $IBKR and we’ve got a “hundred-dollar roll” lurking within spitting distance.
A break above $91 would mean fresh all-time highs and coupled with low implied volatility priced into calls options, this sets up my favorite kind of trade.
Let’s get after it!
Here’s the Play:
[12/4: moved stop to 22]
We’re going where the “juice” is.
Chatting with Strazza while looking through charts on the plane home from Tokyo today, he said this:
I would do something in the commodity stock world. Think they are about to catch some of that bull market rotation. They all got the juice too.
I couldn’t agree more.
Here’s the Play:
I’m continuing to travel throughout Southeast Asia — to eight different countries — with my All Star Charts analyst Steve Strazza, giving presentations at local Chartered Market Technicians (CMT) Association events, meeting local traders, enjoying native cuisines, and just marveling about the similarities we traders from different corners of the world all share.
So for the rest of the month of July and into early August, I’m going to cut the preamble and get right to the action for you guys.
As such, here’s the trade I’ll be putting on today: [Read more…]
As many of you know, Steve Strazza and I are touring South East Asia this month. We’re hitting the homestretch of our trip, with about a week or so left. We’re currently in Hong Kong and this city is beyond description. I don’t even know where to begin. It’s a cliche to say “you have to see it to believe it.” But it is 100% true in this case.
As you can imagine, it’s been a bit of a logistical challenge to keep up with the U.S. markets when we are on the other side of the globe. U.S. trading hours in Hong Kong are 9:30 pm to 4:00 am. Lucky for us, many of the positions we have on have been performing well. We’ve been positioned for a continued bull market and we’re definitely being rewarded over the past few weeks.
We’re currently positioned long in stocks like $AAPL, $MARA, $KBH, $GXO, $CARR, $VRRM, $ABNB, $IONQ, $DKNG, and more.
I mention this because as I’m looking at candidates for new long trades that we like, I am frustrated that most report earnings over the next 1-2 weeks. And as you know, I don’t like positioning when a stock is so close to reporting earnings. I don’t like the binary risk.
So, I think this is Mr. Market’s way of telling me: “Sean, it’s ok to take it easy here.” [Read more…]
I’m traveling throughout Southeast Asia — to eight different countries — with my All Star Charts analyst Steve Strazza, giving presentations at local Chartered Market Technicians (CMT) Association events, meeting local traders, enjoying native cuisines, and just marveling about the similarities we traders from different corners of the world all share.
So for the rest of the month of July, I’m going to cut the preamble and get right to the action for you guys.
As such, here’s the trade I’ll be putting on today:
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[10/5: updated stop to 8.50]
I’m traveling throughout Southeast Asia — to eight different countries — with my All Star Charts analyst Steve Strazza, giving presentations at local Chartered Market Technicians (CMT) Association events, meeting local traders, enjoying native cuisines, and just marveling about the similarities we traders from different corners of the world all share.
So for the rest of the month of July, I’m going to cut the preamble and get right to the action for you guys.
As such, here’s the setup for the trade I’ll be putting on today: [Read more…]
[9/7: stop updated to 52. We already sold half our calls for profits at our target as mentioned below, so we’re a guaranteed winner here!]
I’m traveling throughout Southeast Asia — to eight different countries — with my All Star Charts analyst Steve Strazza, giving presentations at local Chartered Market Technicians (CMT) Association events, meeting local traders, enjoying native cuisines, and just marveling about the similarities we traders from different corners of the world all share.
So for the rest of the month of July, I’m going to cut the preamble and get right to the action for you guys.
As such, here’s the trade I’ll be putting on today: [Read more…]