Trade of the Week
Bull Put Spreads in Solar Leader Likely Forming Higher Low Base
First Solar (FSLR) has pulled back to its 21 EAM which is rising and also filled the large gap from earlier in the month near 155 as it likely forms a higher low in this 145-155 range after bottoming recently down near 120-125. The recent run up caught resistance at...
Payments Name Setting up Quick Weekly Option Breakout
Block (XYZ) shares are forming a bull flag above monthly value area and the 55 day MA as prices continue to act very well the past month from the capitulation lows put in with large volume on its earnings report. XYZ also closed strong last week near its highs of the...
ETF Sector Corner: Investing in the Long Term Megatrend of Clean Energy Technology
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID)- This ETF targets companies engaged in the ‘smart grid’ movement which seeks to upgrade America’s electricity grid with 21st century technologies. This process looks to transform the electric system...
Bull Put Spreads in Sporting Goods Retailer After Deal Dip
Dicks Sporting Goods (DKS) has pulled back to the 175-180 zone since the deal for Foot Locker was announced last week and already starting to rebound from a likely overreaction short term. DKS has solid volume profile support at 175 which is the value area low since...
Quick Weekly Option Breakout Setup in Levered Bitcoin Proxy
MicroStrategy (MSTR) shares of the bitcoin proxy are shaping up strong with a bull flag formed near the 8 EMA and 400 key strike price level that likely kept the stock pinned near for expiration last week. Bitcoin prices look to be ready to breakout above 105K and a...
Bull Put Spreads in AI Chip Producer Seeing Put Sales
Arm (ARM) has pulled back a touch since its earnings report last week and following a sharp rebound in April with Tech peers its settling in near 115 with stronger support below at 105-110 and the YTD AVWAP up at 132 as a potential target on the next leg higher. ARM...
Quick Weekly Trade for Post Earnings Drift in Tech Giant
Microsoft (MSFT) shares of the Tech giant are in the midst of a classic post earnings drift move that looks likely to continue towards 450 into this weeks large monthly May OPEX and makes for a solid quick trade into that large 450 call wall strike target. The May...
Bull Put Spreads in Oversold Homebuilder with Short Puts in OI
Lennar (LEN) has started to bottom out with peers after a ugly slide the past few months and now looks to be building a floor between 100-110 and seeing a 8/21 EMA bull cross shifting momentum higher. A builder that could bounce back quickly to the 120 level with a...
Quick Weekly Breakout Trade in China Tech Leader
Baidu (BIDU) shares of the China internet name are bull flagging near 90 after the recent 8/21 EMA bull cross and jumped Friday to close just above the YTD VWAP. A quick trade above 90 could push towards 95 where the VPOC from last month sits as a target. BIDU has...
ETF Sector Corner: Quality Resilient Businesses in Uncertain Economic Times
iShares MSCI USA Quality Factor ETF (QUAL)- This ETF tracks an index that selects large- and mid-cap U.S. stocks based on quality factors like stable earnings growth and low debt-to-equity. QUAL is priced competitively with other single-factor funds that invest in...